Skip to main content

tv   MONEY With Melissa Francis  FOX Business  August 8, 2014 2:00pm-3:01pm EDT

2:00 pm
he bought from a good one so who knew? dierdre: let the buyer beware. tracy byrnes, thanks very much for bringing this story. melissa francis is here. "money" starts now. melissa: that's why i drink box wine. a rally on wall street, reversal on iraq. ft -- bombs drop, latest on american action against sunni extremists. bad credit, no problems. new changes that could open up floodgates on easy money and have us all partying like 2007 again. lesser of airport evil. a u.s. airline stopping canceling flights. opting to delay them. wind and rain lashing the island as iselle touches down. another forecast for another polar vortex. even when they say it is not, it is always about money.
2:01 pm
dierdre: the markets -- melissa: markets in the mid of a rally, up50 points despite us air strikes in iraq and continuing bloodshed in the gaza strip. two use fighter jets dropped 500-pound bombs on isis strongholds just outside the kurdish capital of erbil. president obama reversing policy authorizing military action saying, quote, america is coming to help. we have james frischling and "barron's" senior editor jack hough. how do you explain the market reaction to all this? >> if the markets were tanking we would blame it on the bombing. melissa: absolutely. >> i don't think there is any connection. what peel look at with stocks. there is possibility of fed unwinding stimulus on the market. that could hurt. you think about why the fed is doing that. because the economic news is pretty good. i think in the long run this pause in stock returns is good
2:02 pm
news for stock investors. i think there are some buying opportunities. melissa: james, the world is falling apart though the why doesn't the market seem worried about it? >> i think we're becoming somewhat numb geopolitical risk, russia, ukraine, middle east and going back to iraq. i agree with jack's point. people are looking to the fed. there has been good data. the chinese trade data blue away expectations. they're shunning geopolitical risk and embracing good things in the markets. >> i don't think the markets cared about iraq since 2001 and 2003. we had all sorts of black swan events, libya, and it didn't affect. the issue is aging bull. doesn't just go out to pasture. crashes into walls. melissa: they're saying rally here is fact things are settling down in ukraine. there is a pullback there. they're saying geopolitical the reason why it is up, do you buy that, either of you guys? >> i think economic improvement. i think investors are going
2:03 pm
about it wrong way. buying utilities and consumer staples and safe haven of the they should buy nor -- >> we'll have a gut-wrenching ride. natural market forces will come back in. melissa: up almost 40% following fda decision to lift the hold on the company's ebola drug, potentially making it available to patients. news comes as cdc chief tom frieden, calls the virus spreading to the u.s. inevitable. inevitable. that is vary. >> you've been talking to so many experts saying it is not inevitable in the united states. what is interesting about the serum. we continue to talk to experts. nobody really knows what will happen in the united states but what is interesting about this serum, it could be fast-tracked what is called the animal rule like bubonic plague or anthrax medications. that is interesting. melissa: flip side of this, this is one of the things we've been
2:04 pm
hearing whispered, they're worried about getting antidote falling into the wrong hand because somebody might weaponize ebola. this is something that has been talked about for a long time. so if the serum is out there to cure it, they can change the ebola strain and weaponize it? >> what should i be panicked about first? ebola spreading to u.s. or someone weapon noising ebola. melissa: i think we can panic all of it. >> the biggest threat of ebola is ignorance handling cases. basic hygiene. it is not as big of a risk in the u.s. we have better communications to tell people how to avoid sort of thing. better treatment in hospitals. they don't have the stuff in west africa. melissa: what do you think, james? >> i'm not sure i should say desperate times require desperate measures. concern about ebola bringing it here to the country, will fast track anything this company can do. that is why the stock is rallying. melissa: cbs ceo,less mean vest
2:05 pm
ending speculation of acquiring cnn. we thought about it but it is not going to happen. real interesting part he said they're more interested in creating content for netflix and elsewhere. in other words they don't want to buy content. create it and sell it off. >> that's right, melissa. becoming a library of content. the word cnn would be valued $10 billion. les moonves called that, silly. pie-in-the-sky valuations. when you look at market cap, cbs's market cap is $6 billion, higher than netflix. apple could buy both cbs and netflix. melissa: does cbs look like spurned lover? girl left behind wasn't asked to prom, sort of sitting there if. >>cbs would have if price was cheap and so one forced to make a sale under those conditions. other i think cbs doing just fine. melissa: i think somebody
2:06 pm
possibles gobbles whole thing up. >> with affiliate fees, retransmission fees, cbs is doing well with its even portfolio of assets. melissa: lululemon shares are up following founder chip wilson decision to sell half of his stake in the company for $845 million. people want this guy out. they're scared of him. >> they lost 3 billion of its market cap year-to-date. melissa: up today on he might get out. >> that is interesting. who can take over lululemon? it has really devoted customer base and has a strong band. there are still positives. melissa: you wear lululemon when you work out? they make your butt look better. >> i'm wearing them now. they mike it look better on television. i would be worried beyond the politics. i'm worried about competitive advantages here. gap is a tough competitor. there are a lot of people -- melissa: no. no, lululemon.
2:07 pm
it is pretty unique product. do you use it for lift as well an separation? should i go further or totally out of place? someone stop me. >> i will stop you. i doesn't use it. this is second bite of lululemon apple. they made money first time around. they're a good partner. bring much-needed stability to a company with competition, quality, but also -- melissa: i applaud you getting through that answer with a straight face. >> didn't ask me. melissa: i love lululemon. >> they have great products. melissa: delta attempting to keep passengers happy by virtually limiting flight cancellations. nixed 19 out of almost 70,000 flights in june, believing delay.ers would rather endure you know they said, if that is what customers hate the most, let's not cancel anymore flights. that is what the vice president said. they're on time rate goes way down. that was the option. when you have a flight that is super delayed, you could cancel it or roll out a plane that will take a couple hours.
2:08 pm
what is the smarter choice? >> delta is doing well in lot of different areas. this starts by pruning routes you have only routes with full plane to make you money. having good as sortment of routes to begin with you're able to do this. this has been a process going on for a a few years. melissa: is cancellation the worst thing you can possibly do? does that anger everyone possibly more than anything else? what do you think, james. >> not enough time to talk, cancellation with notice, no harm, no foul. jam you up at airports. they make more money not letting flights go less than fuel. melissa: that's right. i think there has been a rash of crazy cancellations. i'm happy to see them doing this i've been there night before canceled flight said storm coming next day. the storm didn't come. my flight was canceled any and i was beyond furious. >> supposed to get more money than what they tell you with current government rules. supposed to get good thousand
2:09 pm
bucks depending on trip. this is finally fly the friendly skies. delta's stock has been in up right position because it is more customer friendly, not canceling flights. melissa: here is one of the most important stories of the day. this is perfect tech solution for romantics or stalkers, not sure which. new happen app, happen, keep as log of every person you pass on the street. so you pass someone, not they were really hot, made eye contact, you didn't stop and accost them or embarass yourself or whatever you normally would be doing, instead look later, given they're on the app as well, find them. wow, i passed you on the street. this proves what i always knew, the internet was invented for sex. that's it. that is what it is all about, right? >> good news for flashers, perverts, all sorts -- i'm not sure what use it would be. melissa: also they say it is pour people you pass on the street. if you read lower, users can try to send a charm to someone to get their attention. so maybe you didn't pass them. it is free to women. but men have to pay.
2:10 pm
big shocker there. >> love that part. >> you should talk to the pretty girl while you have your chance otherwise natural selection. you lose out because cowardly and weak at time. melissa: really? is that you? you accost women. you have a new baby, think back to the day. what was it like? >> i cut 50%. melissa: in your lululemon shorts doing that, accosting people on the street. >> depends on my mood. melissa: james, you're not going anywhere near this one i notice? >> i will say the websites, dating websites, are coming off now and applications, geolocation applications are soaring. a little scary to me. melissa: terrifying. thanks, guys. the phone, the world, is waiting forward, just weeks away from apple's big unveil. newly leaked photos revealed rather unusual features on the new iphone 6. plus the great american struggle, folks retiring later and putting off purchases as they wait for things to get better. more "money" coming up.
2:11 pm
2:12 pm
2:13 pm
2:14 pm
melissa: geopolitical concerns not slowing the market's gains. let's go to cm e-trader andrew keane there with what is going on. andrew, what is the main focus right now? >> this market has been unbelievable. i find this is very, very challenging market to trade, seems like for the most part, every time we rallied over the course of the last week we pot sold. last thursday on the 31st, got ugly. dollar was down 100 points of the looks like headed to 18 eight at this on s&p 500 futures 1880. possibly short-term bottom could be in. we haven't had big correction over 10% in two years. i don't think this is the thing to do it. i've been very cautious. i've been net long over the last couple weeks. hurt me a little bit, not that badly. melissa: what are you expecting monday? what are you looking for? >> s&p 500 futures open sunday night at 5:00 p.m. i will be glued in to see reaction. if we close in on the highs,
2:15 pm
looks likes we'll, we'll get follow through from airlines and banks with nice reversals today. melissa: andrew, thank you so much. appreciate your time. just stumbling along, according to the new survey. one in four of american households, quote, just getting by. here fox business senior correspondent charlie gasparino with united advisors scott martin and jonathan hoenig from capitalist pig hedge fund. both are fox news contributors. scott martin, does that surprise you, 42% say, just sort of getting along? >> no, it doesn't, melissa, and it is really a sad state of affairs out there. there is a lot of surveys that have been done the last couple years really exemplify this point. the other one i favor, don't like the results of but it is a good indication, 47% of the american workers, guys, have less than $10,000 saved in their retirement accounts. melissa: yeah. >> half of american workers don't have offering of retirement plan, melissa, in their work place.
2:16 pm
no wonder everybody feels broke because they kind of really are. melissa: not to mention, jonathan hoenig, 36% say they will retire later. >> they had to, melissa. this recovery has been so weak, compared to the 2000 downturn after the tech implosion, the recovery was much bigger. the stimulus, all the assistance was much smaller. i think we can make the case reason people are so less well off because the economy is much less free over the last couple of years. melissa: yeah. >> all the controls, all the regulations have made saving, investing, accumulating wealth almost impossible. >> charlie? >> i would say this is a real, i usually like to mix it up and try to disagree with my panelists but i agree 100%. melissa: go ahead. >> bring it. >> i can't because i mean what you guys are saying is right. look at it at every level. look at jobs produced. a lot of low-paying jobs and high-paying jobs. people in the middle getting squeezed. look at stock market. this is kind of key. market is up today.
2:17 pm
if you look at average stock in the s&p 500 index, averages, take out, apple, take out google, we're in a correction. the wealth effect is not even working for the rich people right now. that is how you know who we're in bad times. melissa: 42% said they delayed major purchases. of the 18% put off major life decisions. so many are retiring later. but, if you have a score to settle with fico you're in luck. the company is making changes to the way its credit scores are ulat newes c l t some this may make folks party like it is 2007 again. is this good or bad, charlie gasparino? >> you know, this company is kind, this is the credit rating company. melissa: right. >> you are late 35 seconds on your credit card bill they ding you. i -- melissa: right. >> these guys struck me as keystone cops. for them to have as much power they had for many years -- melissa: good point. >> it always scared me. that said, let's face it. one of the reasons why we had a
2:18 pm
great recession because credit was handed out willy-nilly to people. melissa: like candy. go ahead. >> charlie, the reason they have so muchowy're gment issued monopolies. >> i agree with you. i don't know if this is a credit rating agency where they have, i know what you're talking about. stamp of approval. >> credit is cheap. melissa: some of the -- >> credit is cheap but almost unavailable for people actually to get. >> this is not a government monopoly. melissa: some of the things they're doing makes sense. for example, they will give less weight to unpaid medical bills with a collection agency. hasn't everybody had one where you're fighting back and forth with them, been charged wrong amount and wrecks your credit and they have that over your head? some of the things, it does get out of control. what do you think, scott? >> well, it does, melissa, and i think this revamping is well overdue. we saw, in recent consumer
2:19 pm
credit numbers, tens of billions of dollars of credit is getting extended to the consumer, which is good. that is up off the floor from the '08-09 era. there are a lot worse four letter guys to say on tv than debt. i don't mind debt as long as you grow. >> we just answered that in the last segment. we're not growing. you know here is where i kind of like the fact that there are companies that are throw down the hammer. you know, when i grew up, my father hated debt. i mean it was a necessary evil. but it was necessary but it was evil. we've turned that around where somehow good to go into debt. melissa: leverage is a good word now. you want to lever -- >> lever it up and live beyond your means. that is a problem with this country. >> charlie, americans have learned that lesson. they are been tightening their belts. >> you're right, more than the government, that's for sure. melissa: we leave it there, guys. thanks, twice. zynga may have partnered with one of the biggest golf pros in
2:20 pm
the game but its earnings are still not quite up to par. find out who lost major green after its poor quarterly report. we're in the dog days of august right now. you might want to grab a sweater. polar vortex round three. weird weather update coming up. do you ever have too much money? ♪ friday night, buddy.
2:21 pm
you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.
2:22 pm
2:23 pm
these wifi hotspots we get with our xfinity internet service are and apply online. all over the place. hey you can stop looking. i found one. see? what do you think a wifi hotspot smells like? i'm thinking roast beef. want to get lunch? get the fastest wifi hotspots and more coverage on the go than any other provider. xfinity, the future of awesome. melissa: from the u.s. to every corner of the globe, money has been flying around the world, starting in malasia, where the government gives its national airline complete overhaul by delisting shares and taking it private. malaysia airlines is being bought out by a investment fund
2:24 pm
which is looking to cut back on less profitable routes as well as install the new management team. i bet. in france lawmakers want supermarkets to hand over all the unsold food to the poor. the proposal will make it compulsory for big chain grocers to collect out of date and edible meats and pasta and vegetables hand them to charities to redistribute it. experts believe a third of all food good for consumption is lost or wasted. landing in bangladesh where factory workers protest over lost wages, mobs of angry garment workers clashed with police close -- forcing of hundreds of factory workers closed operations. it is august but thermostat doesn't feel like it. wait until next month. dire predictions from accuweather, another polar
2:25 pm
vortex could grip the nation as early as september. known? the great lakes and northeast. rain an early cold much of the rest of the country, except for the drought-stricken west that could use the rain. jack and jim are back with me. felt like summer around here. i love it. it is beautiful. it is cool out. if you called it global recall withing before you really had egg on your face. it is good it is climate change. it is changing. >> i worry about it. i have a hard time telling if there is increased volatility in the weather or we're paying closer attention. melissa: we're just obsessed wit i think. we're obsessed. it is beautiful outside. i have to say it is august and i had sweater on this morning. i'm not complaining. >> it is a truly beautiful summer for tri-state area. we had extreme weather. people getting nervous. it affects businesses whether disaster recovery or continuity. melissa: if it is colder in the fall than it should be, people will buy stuff sooner. they blamed winter for bad sales and bad numbers.
2:26 pm
if it is colder sooner in the fall, they can't complain, that will send people out to buy jackets, right? >> i suppose. how the weather affects retailers one thing but i worry how it affects crop cycles. if we have problems with the harvest and planting. melissa: you worry about that in your lululemon shorts. thanks, guys. hawaii on weather alert as tropical storm he's sell closes in. this is the first -- iselle. fox news's will carr is on the big island with the latest. will, what can you tell us? >> hi, melissa. iselle was a hurricane. it was downgraded to a tropical storm but it still left a lot of damage throughout this area. tell you what we've been seeing throughout the region, there are power lines down. there are 20,000 people without power, largely because of trees, crashing down to the streets like this. every street we've been on this morning had a tree down or some type of a debris you can see.
2:27 pm
residents right now are using chainsaws, trying to get through here, so they can drive back in into populated regions around here. we have also seen roofs that were torn off of homes overnight. we saw one home had its ceiling fall down in a bedroom because of so much rainfall that had leaked in and residents, tell us, some resident around here tell us that they have never seen a storm quite like this. >> this is the first time i've been this worried about because we have never seen one come straight at the big island before. that is really a first. >> this really is a historic storm. hawaii actually only has two other hurricanes that have ever made landfall. those were back in the '90s. in 1959 and now, residents, while they're continuing to clean up all this, melissa, they tell us their attention is now going to hurricane julio which was upgraded to category 3 hurricane overnight. back to you. melissa: thank you so much. be careful.
2:28 pm
tech tries to take on tinseltown. virtual reality headset maker oculus rift hoping to hook up with hollywood. can a futuristic gadget make it in town? why your next dining experience could be harder to get into coming up. ♪
2:29 pm
[ male announcer ] it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. ♪
2:30 pm
2:31 pm
melissa: the secret of the 60 could be out. one company does modifications of pictures of what apple could be announcing next month. iphone 6, scott, jack, jonathan are back with us now. the thing that caught my attention about these pictures, was there is camera protruding
2:32 pm
out of the back. that is a little bit of a throw back. scott, what did you think of that? >> scared me, because i didn't know what it was right away. here is the funny thing, i won't tell you what i thought it was. melissa: please don't. >> i won't, i promise. talk to consumers, they want a bigger screen. okay, i've tried the galaxy. i tried that before i went all iphone, all apple. i found it too big. i think it is kind of nice, the size way it is. i know size does matter, certainly but a bigger screen i don't think is exactly going to be the right move here for apple. it is about ios, it is about the apps. melissa: jack worries same thing i do, if it is bigger, how does it fit in your purse? >> i need bigger phone or smaller hand because the iphone is not doing it for me. i think that apple is headed for the mother of all upgrade cycles when it release this is phone. there is a lot of pent-up demand for larger screen right now. melissa: morgan stanley predicting the electric car company's model x, is quote,
2:33 pm
ready to feast. i think is tesla, on suv marketplace. could even outsell the electric car company's model s within the next two years. i think what we mean is tesla by all that. what do you think about this unone, jonathan? a tesla suv? >> i think this well zero emissions, electric car craze, melissa, honestly i think it will go down like clear pepsi in the early 1990s. melissa: waitings. is, was there clear pepsi? >> it is great that they can produce a lower emissions car but why do we need a lower emissions car? environmental activists never justified that. i'm happy for the technology. it is going to be a sales flop. >> i think it is fine to have low emissions car but i don't think tesla will ever achieve scale particularly with batteries. batteries are very difficult to achieve economies of scale and make money when they cost so much. melissa: i will drive suv i admit on television even though now i will be target for
2:34 pm
environmentalists. the main thing you need it to run all the time. i have my kids and family. big problem with the tesla, it is on side of the road a lot of the time. they have to get over that hurdle, right? >> it doesn't charge very fast like first generation iphones. sit there to wait for the battery to charge figure out what to do in the meantime. guys, in musk we trust. the guy has amazing innovative mind. i think he will make it work. melissa: speaking of innovation, oculus rift has its eyes on hollywood. virtual reality headset maker reportedly in talks with hollywood heavyweights, disney, warner brothers and paramount, even individual directors to branch out beyond videogames. scott martin i could see you with unone of these things on eye r with on your eyeballs, watching move voice, totally discorrected from the -- disconnected from world. >> thanks, i don't know how to take that compliment. goes back to the idea facebook
2:35 pm
had when they bought oculus for $2 billion everybody was like, that is ridiculously expensive. they're capitalizing on very important part of society, an addiction to hollywood. if they find a way to put those two things together and a lot of users and youth users facebook people. melissa: go ahead, jonathan. >> what scott calls addiction to hollywood is entertainment and it is big business and facebook is reinventing it. we'll look at this era like vaudeville and silent films. melissa: very important story coming up next. boston is the latest city going all-in on goats. a goat gang of 60 was hired for eight-week project to pluck out poison ivy, whittle out the weeds from cities and parks. did you know the going rate of goats for eight-week period is $2800. i have no idea how they come up with the number. >> eight weeks? melissa: eight weeks, have a goat for $2800.
2:36 pm
>> cheaper than regular worker happy to see that. i have to sell you, sight of goats feasting in big urban cities i think is a pretty kind of awful sight for america. melissa: awful. >> we're regressing back to this a geirian time, goats and cattle running free. melissa: if while the goats out there eating all the stuff and cleaning up city, don't they make a little bit after mess as their own doing that? net-net i don't know if we're coming out ahead. >> train other goats to scoop that up. melissa: stop, that was terrible. scott martin, you're not going anywhere near this? >> well, we actually kind of did, about a year ago. o'hare airport had goats and llamas out chewing up the grass. melissa: fabulous. >> did that for couple months. then the goats and llamas wanted to unionize and wouldn't come out if it was 35 degrees. winter all year. had a great idea. it was a lot cheaper. melissa: bad. >> it was a bad idea. melissa: it was a bad idea. well, money can not buy you happiness. it can buy you bacon which is
2:37 pm
just happiness in and of itself. americans still forking it over for what my son calls, the candy of meat. plus, fatburger dropping the bun and upping the beef. one of my favorite guests is right here! he is more than doubling down on the delicious burger. look at that! it is not a bun. those are patties. at end of the day those are bacon cheeseburgers. ♪ what super poligrip does for me is it keeps the food out.
2:38 pm
before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food particles. [ corrine ] super poligrip is part of my life now. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. if your doctor decides viagra is right for you, you can fill your prescription at your pharmacy. or, check out viagra home delivery, a convenient place to fill your prescription online and have it shipped at no additional cost straight to your door. viagra home delivery. get started at viagra.com.
2:39 pm
>> i'm melissa francis with your fox business brief. gap shares jumping today on better-than-expected results. sales edged up 3% last quarter, mostly helped by old navy and banana republic, gap, namesake brand still lacking behind. a former postmaster general is fuming over set of "harry potter" stamps and resigned from the stamp committee. benjamin baylor was so horrified by a new collection featuring the boy wizard, he says the stamps are prostituted by popular culture. "harry potter"? dr. walmart will see you now. walmart making its move into primary care opening clinics the south. 60 more are expected in other states by january. the clinics are fully owned by walmart and walk-in business will cost you 40 bucks. that is latest from the fox business network, giving you the pow to prosper.
2:40 pm
2:41 pm
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: markets solidly in rally mode. adam shapiro is on floor of new york stock exchange. what is all the talk down there, adam. >> the talk is what a difference a day makes. we were talking with ben willis, he said going into the trading day this market asoversold.
2:42 pm
market is up almost a full percent. s&p 500 is up 18 points. nasdaq is up as well. only two dow components are in red today, microsoft. they got a ruling can't slow down data speeds for clients with unlimited data plans. verizon not happy about it. microsoft is down today. look at s&p, 468 of the s&p 500 are in the green. 33 are trading down. one thing to keep in mind, the vix has pulled back. volatility easing up a bit. the 6:00 is down almost 6%. melissa? melissa: adam shapiro thank you so much. baconaholics are undeterred as bacon prices surge to 30-year high. can you blame them? my son says, bacon is the candy of meats. james romelli at cme, bacon soaring even today, andrew? what is it doing today? >> right, so we're seeing huge
2:43 pm
move higher in the price of pork and bacon in particular. that is very interesting, as the price is breaking highs it hasn't seen in 30 years, demand is also making new highs as well. prices continue higher and demand continues higher as well. people are buying more bacon than they ever have, it continues to grow year-over-year. a lot of things pushing the price higher. one factor, disease and drought in the u.s. that is pushing up the price of feed and killing off pigs by the thousands. consensus that trend is going to continue here. unfortunately livestock etfs are thinly traded. as a trader it is difficult for me to capitalize on this trend but expect to see higher bacon prices going forward. melissa: okay, james, thank you so much. speaking of bacon cheeseburgers, fatburger is doubling down and then some. despite record high beef prices the chain introduce as new protein burger that allows you to double, triple or quad dupe pell your meat until your heart's content, leaving no
2:44 pm
question about where's the beef. here is ceo of fatburger. one of my favorite guests. andy, thanks so much for joining us. >> how are you? melissa: you have one of those crazy burgers right. >> absolutely. melissa: strikes me as very messy. when you have the beef on outside aren't your hands just covered in grease? >> no, pretty easy to eat it. it is wrapped and just bites, it works just fine. melissa: beef prices at record high. up 10% this year. we hear restaurant owners complaining about it yet you're adding more beef. are you charging more for it? how are you doing? >> up more than 30%. in the hamburger space there is record shortage because of demand. first of all steak prices are higher so people coming down to burgers. same-store sales comps are up over 5% in the u.s. right now and it does cost more. burger is costing per pound over $3. that is 25 to 50-cent increase in hamburger right now. that is expected to last for a year. melissa: how do you deal with that? have you been raising prices?
2:45 pm
are you cutting costs elsewhere? how do you deal with it? >> you have to raise prices. franchisees all over the country. those operators can't absorb cost increases. passing on 25-cent, 35-cent increase and it will go on for a year. melissa: customers must not be responding by cutting back. you're turning out more things with meat in it at a time prices are going up? >> there is demand for healthy lean burgers for sure and customers are resilient to it. they understand that prices are higher. this is result of the drought a couple years ago that reduced supply. it will take a while for supply to catch up. for us to introduce this protein style burger that is lower calorie burger the bun in a burger is 180 calories -- melissa: wait, wait, andy, hang on. loyer calorie to have the thing in your hand than a regular burger with bread on the outside? really? >> this is crazy. do the math. melissa: i'm good at math. >> 500 come race for regular fatburger, if you take the bun
2:46 pm
out that is 180 calories yet. if you don't want mayonnaise, protein styleburger is 300 calories instead of 500 calories. that is one hamburger cut in half. that is not two burgers. melissa: after i saw the picture , it was difficult to focus. i leave cheeseburgers. thank you so much. you didn't send us cheeseburgers. you sent us delicious fries which we're happy about and shakes. you didn't send us any burgers. because the price of beef is so hi, andy? >> we want to eat them in the west coast. melissa: you saved them for yourself. i like that answer. thank you. have a great weekend. i'm glad i'm not eating all these fries alone. turns out americans here are alone for half of our meals. this is according to a study by npd. jack and james join us. do you like the shakes? are you having shakes? did you have any fries there? i like those fries better. don't eat all those. skinny fries. >> is this low-calorie like burger? melissa: fat-free, has
2:47 pm
10 calories in the whole thing. this is really depressing study. here it is, 60%, we eat 60% of our breakfast alone. half of our lunches and 70% of non-meals. you eat non-meals alone. what is non-meal? you eating a granola bar, are you supposed to find somebody to 't kthm? >> gse people aon theo. >> i think it is such a surprise. melissa: i eat breakfast and lunch in my office. that counts as being alone you. >> don't cry, right? melissa: i don't cry. i wave to people outside of my office. that means i'm with other people, no? >> i think eating is almost akin to fuel as opposed to dining experience. we're on the go. we're squeezing meals in. melissa: that's terrible. okay. >> social meals, we don't eat alone. >> cheers. thanks, guys, cheers. heading in the last hour of trading let's check in with ashley webster to see what he has coming up. ashley. at top of the hour,but
2:48 pm
medical list a we'll look at geopolitical issues confronting markets and adding to volatility. how as investor should we play it? we'll talk with kissinger association bob hormats and we'll chat with interesting, the ceo and founder of the zen desk. what is that? it is in the cloud and it can help companies improve customer relations which is always a good thing for customers. people start complaining to yelp and elsewhere, even on twitter, it could have pretty damaging effects. we'll have all of that oh so much more coming up at the top of the hour. back to you with shakes and fries. melissa: yes of the we ate a bunch doing that. thanks for the break so i could consume five fries. no reservations, no problem. make sure you have your tickets ready. shine bright like rihanna, pop star expand the empire but will it be a monster success? you can never have too much money. ♪ (trader vo) i search.
2:49 pm
i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. what wthat's never really being able tbeen possible.fair price. but along comes a radically new way to buy a car called truecar. now it is.
2:50 pm
truecar has pricing data on every make and model, so all you have to do is search for the car you want... there it is. now you're an expert in less than a minute. this is how car buying was always meant to be. this is truecar. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs.
2:51 pm
to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. 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.
2:52 pm
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: weather on wall street or main street, here who is making money, rihanna. she stockpiled 20 trademarks for apparel and bounty products. it is who don't have ha know riri surname. rihanna's current line already seems to be a hit. could be nice. fun with spare change. waiting in line to buy beyonce tickets is hard enough. now you may have to do same thing for food. restaurants are opting to sell
2:53 pm
tickets, tickets to food enthusiasts, rather than requiring people to make reservations. we're joined by a chef who is doing just that in his l.a. based restaurant. thank you so much for joining us. so you're selling -- >> you sell tickets online. >> yes. melissa: you pay 100 buck as seat for kickket and get a stated time. does that $100 bo towards the food as well? >> yes. so it is actually food, service charge, 18%, and tax. and, the food of course. it doesn't include beverage. melissa: why did you decide to do this? >> i decided to do that for just provide better service to my service to my customer. with a small restaurant, i have just 26 seats in the restaurant. so as you know in restaurant
2:54 pm
business, we have a lot of no shows. almost 24% of no show every night. with the system i avoid no shows. if i have 24% no shows every fight night i would be out of business. melissa: in a restaurant like yours, you're a famous chef. you would have people waiting to fill in. one thing in restaurants in new york, if you don't show up. they charge that. seems like it could be great promotional thing. seems like they do it with something real cool. with restaurants who have done this, they resold them on stubhub for way more money. are you worried about that? >> yes a little bit we're worried about that. sometimes you happen to see a ticket for tolemec from the website and sell a lot of money. it is hard pressure for me to get a big experience.
2:55 pm
i'm not j.c. or beyonce yet -- jay-z. melissa: i heard you are. i can't wait to come to l.a. and try it for myself. >> thank you. melissa: all the things we couldn't get into the show including this terrifying jellyfish going where it has never gone before. we'll have that coming up. don't move, at the end of day it is all about money and scary jellyfish. ♪ ♪ music
2:56 pm
hi! need help finding a dependable used car? yeah, i'm worried about things like flood damage. oh, our team doesn't keep quiet about those cars. frank to carfax®. found an suv here! here's a sports sedan! i'll get the vin number! there's a convertible! avoid that one!
2:57 pm
large mouth bass. they get the word out. only one site has a free carfax report for every car listed. that's it! start shopping at the new carfax.com
2:58 pm
i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> every day there are just so many juicy stories we want to bring to you and don't have time. our dashing line producer is in the control room with a little extra bang for your buck. we're going to squeeze him in.
2:59 pm
>> hot felon jeremy meeks, you remember him, melissa, an action doll, 100 bucks, he's not happy about it and suing. >> he's suing about the action doll? he's a felon! why does he not want an action doll. >> this attention is unfair to a guy like me who has the haunting good looks but doesn't have the criminal record. >> alex, next? >> jellyfish takeover. more and more have been popping up around the world and jellyfish near italy first time in 70 years. >> are you scared? >> this is why i feel small when i stand beside the ocean. i do feel small and i want to see it behind a thick piece of glass at an aquarium. >> last one. >> bloody mary meets fried chicken. 50 bucks. >> oh, yeah. >> and lots of alcohol. >> that is disgusting! talk about something to be afraid of! >> it's a great idea, if you're
3:00 pm
drinking alone, the chicken gives you something to talk to. [ laughter ] >> you win! that was the best one, thanks, guys that's all we have for you. i hope you're making money today. countdown starts right now. . >> investors anxious over global hot spots, u.s. jets bomb islamic militants in iraq. russia may be looking for a way to de-escalate the ukraine conflict. will optimists or pessimisting be in charge. we have the latest on the fast moving crisis. software maker desk is flying high after ipo in may. the stock is up about 45% and revenue soared 80% in the last year. the power of social media in marketing. it's a fox business exclusive. and hot wheels. the luxury car race is heating up with longtime global leader

84 Views

info Stream Only

Uploaded by TV Archive on