tv MONEY With Melissa Francis FOX Business August 18, 2014 2:00pm-3:01pm EDT
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were bids for very famous buildings, rockefeller center being just one much them. thank you. >> you bet. dierdre: follow it with you. >> i will too. dierdre: cheryl casone thank you very much. joining us there. meantime "risk & reward" is finished. "money" starts now. melissa francis is here. melissa: it sure does. sigh of relief, markets are coming back as global worries start to melt away but is this a rally you can believe in. plus "the dead zone.." huge abandoned relics loom over the atlantic city boardwalk as officials figure out what to do with the bankrupt casinos? cheeseburger threat. cow lovers blame your favorite food for ruining the planet s a meat tax next? even when they say it is not, it is always about money.
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dierdre: stocks extending last week's gains and investors slug shrug off overseas problems. charlie gasparino tweeting like a madman. fresh from vacation your fold chains are back. dan, do we believe in the rally? what do you think? >> no, i don't believe in this. certain stocks are moving up and broader market is flattening out. it is clear they're trying to push it and push it, the tooks in the indexes are ones that are moving. look at some of mine, i don't want to get too technical, all those indicators that show you the internals of the market they're weakening during this rally. dierdre: melissa: what do you think, charlie. >> i agree 100%. a good friend of mind with an excellent newsletter pointed out to me that the average stock in the s&p is down, down big-time. what you see is the big stocks like apple and some others are powering the entire index because they make up more of the index. for the small investor out there
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there is two taskaways i think. buy index r deckses because you have cover. melissa: yeah. >> remember this is weakening stock market. i will say one other thing. stock traders are notoriously stupid traders. they trade off headlines. >> where does this come from? >> they trade off headlines. they trade off -- >> i don't trade off headlines. >> it is stupidity because remember they just trade whatever, what is the positive headline today? we, not involved in some war somewhere? >> jpmorgan chase says this is the worst three months. we have five years of 17% profit growth. long stretch. melissa: jackson hoyle as we talk about stocks, investors wait for janet yellen's keynote speech at the fed summit. she is expected to explain why she still thinks there is lot of black, slack, job market. too far away. >> not enough black. melissa: right. she will talk down the jobs recovery. that is easy position to have
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the fed chair in. she will talk it down. >> to remain dovish on interest rates. when you look at federal reserves themselves and officials on policy making committee, 1 1/2% we're seeing next year. maybe 2.5 in 2016. still half what we saw in the summer of 2007, 5.25, right? tell you something, you know, we all saw that data point out there. the equivalent of washington state in terms of part-time workforce. that is a lot of people working part time. melissa: dan? >> i have a lot to say on this only doing 10 seconds here but it is very clear that the central banks around the world are together. so nobody can move rates withoum because they will disrupt even worse what they have already done in the world economies. but there is one thing that think she is watching and i will listen for it. it is the velocity of money. published by fred. st. louis fed. they public all these charts. velocity of money fallen off the charts. forget wages. forget negative gdp?
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>> deflation? >> deflation nair, early stages of deflationary depression. melissa: one knock against that. some say better paying jobs are on the horizon, according to new research from the national employment law project. they say 40% of the jobs created over the past six months have been in high wage industries. >> that is one industry we don't need jobs created. one of the jobs in this recovery -- melissa: construction, manufacturing, professional services, sectors of median hourly wage of $20 or more. this is against everything we've been hering. >> no. bifurcated obama recovery. it has been many jobs on the very low end. melissa: right. >> many jobs on the very high-end where the people in the middle, that vast middle, anybody that makes -- melissa: this is the middle. >> i don't know, the numbers they're skewing here. >> i looked up this organization. i really like to see how they came up with these numbers because this organization is tied in with the government and local governments. so it may be a little biased.
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>> or may be that the very high-end is overshadowing the reality of what is going on here. melissa: maybe that's true. >> that is what this recovery has been. melissa: dollar general, this another story you've been all over, $9.7 billion bid for family dollar. the amount surpasses prior offer made by dollar tree last month. what does this whole story tell you? something about carl icahn. >> tells you something about fox business the power to prosper. if you listened to us 6/6, june 6 of this year, he were first to report carl icahn was buying a big stake and carl icahn was talking up potential merger between dollar general and family dollar. binge he gow it today. made a lot of money. why does carl like the space? carl likes it because a space that does very well in sort of weak economy. these are .9 cents stores. this is what it says, carl icahn is incredibly relevant at 57. amazing. >> he called it. people going to walmart like
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preparing for a small military battle. people like the small dollar stores because they fill in between your grocery stuff. go in there pick up cheap stuff, even milk. name of the game, walmart under pressure whether or not family dollar grocery store. can they move into that space? melissa: yeah. breaking more news an stevie cohen. >> we should point out today his number two, a guy named tom resigned from sac whatever it is called, point 72 asset management. what does it signal? he is third top sort of echelon management that left zack post the -- sac, post indictment of the firm. that cohen is doing this as preliminary to a comeback. when that comeback is i can't tell you. melissa: he is cleaning house. >> barred from the industry. he has to get around the industry bar. from what i understand he wants to come back in terms of managing outside money. that is his long-time goal. we asked for sac capital for a
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comment or point 72, he has no plans to manage outside money. of course he has no plans. he is barred. but the long-term pole goal of this gentleman to come back to this business. we know that from people close to steve cohen. this short past strategy, if you read the press release he almost says it in the press release. melissa: dan what do you think about that. >> i think someone like that, charlie, you know him personally -- >> he runs away when he sees me. melissa: got a lost company. >> still a powerhouse in the industry though officially banned from managing other people's money of the he will try to do everything he can to try to get back in. why not? it's a great industry. melissa: another huge story breaking treasury officials preparing options how to prevent u.s. companies fleeing overseas in order to avoid u.s. tax rates this. is breaking news. they're setting up a list of options we're told. >> we said they would do this month 1/2 ago because they could do it through irs treasury regulations. here is the deal, the president will not do it during the august
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recess. he will not use the pen and phone. melissa: why not? he loves his pen and the phone. >> takes a long time to get regulations enacted. >> he could announce it. >> that could be the move. medtronic, they will stop companies from borrowing cash overseas to complete deals. medtronic was doing that with covidien and taking tax deduction. stop m&a deals like that. >> i would say this you would think you need some tort sort of congressional approval to this sort of stuff. >> you would think. >> major rewrite of the tax law. i will say this -- i'm not first person to say this i heard rich lowery say it i'm not the first one. i mick that point. he will poison already poisonous atmosphere uses pen and immigration. this is setting up a huge battle of congress. i don't know what impact that has with the markets. we're heading for political, we're heading for political nuclear war. >> social system very strong. excuse me just a second. this is also something because it really should be a tax code
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issue. not a presidential issue. >> congress's purview for tax law. this is overreach. >> say if he does it, what does that mean politically? midterm elections. it will be nasty. great stories but it will be nasty. >> it will be nasty. melissa: for get tech's claw. expercent warn about dangers of text neck. >> that's me. melissa: hunched over. changes the way our bodies grow. that is staggering. florida-based doctor talking about this saying, it is a global epidemic m literally changing the way our victim'ses grow. >> i will reveal something. >> charlie is demonstrating text neck. >> i have had next surgery because i developed bone spurs. melissa: you're an expert. >> neurosurgeons call it, walter mat thousand head because you have forward head hanging. they literally joke what that is creating, bending forward, unnatural, creates bone spurs.
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melissa: you're actually texting. want to jump back into the conversation? you want to jump back in the conversation? do you have text out -- >> i telling our boss there is good book for him to read. melissa: not giving you text neck for that? filing works man's comp? saying that is why you got it? >> i spent all morning doing pull-ups. feel great. melissa: comes back to charlie's workout routine, yes. >> in my office i have six monitors i actually raised them so my neck is at eye level with them. melissa: do you stand? that is big fad in our office. >> holding the phone down here and young people today are hiding them under their desks. i think it is there. i do once in a while get a little crick in my neck. >> resolved by binge watching on netflix instead of looking up. melissa: love it. end on that note. >> sure. melissa: twitter's big fail. the awkward moment as the a big social experiment backfires. yahoo!'s marisa mayer feels
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melissa: stocks still in rally mode on very light volume. ashley webster is on the floor of the new york stock exchange with more on that. of the ashley, we're still up 167 on the dow. >> we are indeed. quite a start to the trading week, melissa. lessening of tensions between ukraine and russia. that is certainly an issue. we have dollar general deal you were talk about, making offer for family dollar stores. we have oil down. we're seeing a nice rally in such sectors as airlines. we're seeing a host of all-time highs across the board. mariott on consumer discretionary. home depot, expedia, family dollar. on the industrial sector we have southwest airlines, republic services union pacific and lockheed martin, all record highs. broad gains across many sectors. perhaps the only fly in all of this, melissa, our senior editor charlie brady points out very
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light. not the conviction behind this rally, we might like. nevertheless still good start to the week. melissa: thank you so much, ashley. want to be tech entrepreneurs beware. the booming app market may be a thing. past. new study from the u.k., finding out nine out of 10 people never spend money on phone content and share of people who never download apps are on the rise. we have rob enderle and jo ling kent and dan schaefer back as well. jo, do you believe these apps. >> this is concerning because we see a lot of apathy. melissa: i like that. >> look where the ceiling could be, there is a couple interesting things to point out. apathy to apps is probably increasing according to deloitte because apps are getting better and happier with them. so less likely to download something new. plus you also have the average age of an individual with smartphone like this, increasing in fact. you have older people getting smartphones. they're much more interested in just texting and calling.
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so that means they're not downloading apps. that bringing the average down according to deloitte. melissa: rob, this makes sense to me. there is always a free app. why would i pay for one? that is what they talk about, people don't want to pay for apps. why would i pay for something. >> certainly that is is part of it. we saw the same pattern with pc's came to market. at very beginning there were lots and lots of apps, over the years they dropped off and dropped off and dropped off. people lost the wonder and probably they had too much choice. it became a problem as well. folks just gravitated to things they like doing and they stopped. that is enough. we don't need 87 apps we can't find on our phone. melissa: makes your phone a big mess and it pad too as well. friendly fire from yahoo! maries say mayer, one shareholder taking issue with the ceo stock activity, saying highly disappointed given terrible results in the quarter mayer is selling down invested stock options every two weeks in february. -- vested.
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she sold 12 million in stocks options since february. does this bother you? >> shows me the person who wrote the article never been a ceo. melissa: wrote anonymously. >> not easy thing to do. she is not only one who does this i'm sure she is involved with the non-core part of the corporation. she needs to understand what is going on. she is working actually hour days, six, seven days a week sometimes. you need to be compensated for think, you do, but, rob, i would take it to you, saying by end of 2016 she will have made $265 million for the company and i wonder how you measure that? the stock is up 133% since she took over but the results internally, the turnaround that she promised has not been there in terms of actual results. what do you think? >> if you look at gains, we're talking about the non-core growth, really has to do with things she had no control over. increases in the investments in china which she had no control over.
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the and that is the problem i think this investor is having with underlying performance. do be aware her turn around is far from done and it is very possible the benefits could be off into the future but shows disparity of increased income against core performance and they're going in opposite directions. melissa: twitter facing backlash from turning private. kudos in the public sharings experimenting with a feature that would treat favorites like retweets in your timeline. what do you think about this one? people don't like it at you will. used to be retweeted how you showed up in your timeline. every time you do something shows up everywhere and everybody's timeline is mad and jammed. >> a lot of sensory experience. melissa: sensory experience. does that mean crap in your timeline is that what sensory experience. >> turn off people's retweets i like hearing what they have to say but i don't want to know what people they're follow having to say. what is interesting the favorite is a very successful invention from twitter, saying i acknowledge your tweet or your
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retweet and i like it but that is enough. semiprivate way of communicating while publicly acknowledging. twitter would be probably very -- get rid of it which i doubt. melissa: dan, you big twitter fan. >> no, i'm not, but i understand it. the more you connect with people more connections with retweets and you get much too much information. melissa: overload. >> mentally you can't read all the stuff and understand it an run your life at the same time. too much. melissa: i love the next story. tesla extending warranty for model s to eight years an infinite miles. it could have effect on bottom line. two investors in tesla this will have moderately negative effect on tesla earnings in the short term as our warranty reserves will necessarily increase above current levels. rob, to me this is kind after joke. he says it is good forever or eight years whichever comes first. is it the warranty or is it that if you're driving a car you
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don't want to spend anytime sitting on the side of the road? what is your take on this. >> the thing with electric motor, there have electric motors in service since the '50s and running strong. there is a point advantages to electrics over gasoline engines and don't have pistons going backwards and forward at high speeds and don't get wear and failure with electrics. he is making a statement. electrics have negatives. charge charge infrastructure is not there yet so focusing on positive. melissa: rob, make it forever and forever. infinite miles an eight years. basically giving you a eight year warranty. >> to give people drive car longer. after eight years technology becomes obsolete in rest of the car. going longer than eight would be a problem. the car is designed to have full technological refresh every period to bring them back in as used cars and no other car in the market is allowed to do this. it is a line he wants to make a
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statement, folks that want to drive the heck out of these cars, go forth and conquer. you will not run out of miles. melissa: dan, what i think with the problem, you hear how fabulous, cool, great for environment and by the way i spent three days on the side of the road when this or this happened. number one i need my car to go where i'm going and not stop along the way without me asking it to. >> don't buy a tesla, henry ford had same issues when he brought the car out. when you come out with something new and innovative you have to get the kinks out of it. even nasa with the poll low program, genesis program, that blew up, these things happen. melissa: are you saying tesla will blow up? just kidding. >> like the idea, rob was talking about the concept of a motor, and i understand technology, a motor, this type of electric motor versus pistons is quite different. for him to go eight years with unlimited mileage i think number one is saying i'm buying stock in my company. the reason the eight years maybe
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because they have to account for some type of liability and be able to materialize or recognize what that number is going to be. if they went to infiniti too much unknown. melissa: okay. thanks to all of you guys. jack-of-all-trades who just happens to be a billionaire. twitter founder jack dorsey heads home to stand with protesters in ferguson. cheeseburgers in crisis! the growing war against all-american staple. smart money on the way. ♪ it's monday.
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we're up 67 -- 167 points on the dow. nasdaq not far behind higher by 40 points. chaos continues in ferguson, missouri, two weeks after the police shot and killed unarmed teen michael brown. governor nixon sent in the national guard after organized aggression by protesters and attempt to block the police. questions why there is no video evidence of the altercation. leading for a new proposal to outfit officers with victim's cameras to avoid future incidents. joining me on the phone, former nypd investigator and president of a investigative group, tom ruskin and fox news's brian kilmeade and dan back with us as well. tom, do you think a victim's camera would make a difference in this case and why. >> no, it wouldn't -- only thing would make a difference in in the follow up investigation. police and investigators would
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know quickly what happened there, if the camera was focused on the incident itself. there are at love cameras in police cars now, on the front of police cars which do catch some of these incidents. would be avoiding what is happening now but would help with the investigation. melissa: makers of the cameras point to how effective they are saying that in rialto, california, when they got them, complaints against the police dropped by 88%. use of force incidents dropped by 59%. maybe do you argue the other side of the copy if everything is on camera their moves are so guarded. >> i do remember they were against dashboard cameras, police officers too. this is little c-span effect. they say when c-span came in, congress acted differently. when they knew they were on television they act differently. not saying cops need to be reformed but need to act differently but they know everything will be taped i think it will change the dynamic. the criminal knows they can't get away with it. maybe the officer will get used
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to the fact this will work to their advantage. how great would it be roll back video and see a portion of the story instead of someone's cell phone video of aftermath. all i have seen is victim's and first-hand accounts from would-be eyewitnesses. melissa: melissa: dan. >> i agree with brian. this will deter crime and save trial. you won't have to go through with the witnesses on videotape when you see exactly what happened. melissa: among thousands of protesters, this is bizarre, twitter founder, jack dorsey. a st. louis native. he marched alongside protesters, live tweeting and posting vine videos the entire home. heading home to st. louis, feels good to be home and we walk and tweeting, like the billionaire amongst us. do you feel like he is relating to the incident? what is your -- >> go inside what he thinks if he wants to be there part of it, that is fine. if he wants to be celebrity in it, that is interesting. more to it, who is there and why
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are they wrecking stuff? melissa: right. >> the thing is -- melissa: let's move on to that. protests are affecting more than two dozen big companies call st. louis home. the chaos is having greater impact on small business. to your point, not just the stores who have been looted. obviously that is devastating. we heard from so many people said they will not come back and go back to their stores and reopen. what about all the businesses closed because of cure few? -- curfew. business for the month impacted. >> this is serious issue of business in the area. this is about the money. people are out at night, doing protesting and looting. what do they do, go work the next day and everything is normal? the whole area is disrupted from transportation to flow of money and commerce? just ridiculous. melissa: tom, what about that? >> melissa, listen to how much damage is being done by these people and how much money is being cost in police overtime and now you have the national guard responding. i mean at is certain point in
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time, you know the police and law enforcement has to put a stop to this. melissa: yeah. >> being looted, innocent people working hard in that area are being looted because these people feel that this is a chance for them to loot and steal, who have nothing to do with this incident. melissa: yeah. no, absolutely true. when you read first-hand accounts of people came in and tried to get in the cash register, took everything that was loose. go ahead. >> walking into the middle of the robbery saying how does my heart look? everybody is focusing on military, look at camouflage by the way are they wrecking stores? why are they looting? what does a flat screen have to do with 18-year-old getting six shots in him. going on for a week. not caught up in the emotion. this is preplanned. you hear what captain ron johnson said, premanned. they planned on doing this even before the curfew was out. totally out of control and they have to line up, before it gets dark. line up now. melissa: tom real quick, last
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comment. >> melissa, what we know from past instances around the world as well as in the states, there are a lot of outside agitators who come and take advantage of these type situations. what you will see by the arrests going to be made in the next couple of days, see where these people from actually being arrested. melissa: all right. we've got to go. thanks to all three of you. summertime, a time of sun, san and face bikini. newest beachside accessory will save you from the sun and unfriendly foes in the water. okay. sweet moves. new jersey governor chris christie breaks it down over the weekend. you have to see this governor go. piles of money and sweet moves coming up. ♪
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melissa: the market still in rally mode. let's check the market. joining me from the cme, allenby at what do you make of this rally? >> we have seen this movie before. it is hard to be the smart guy and balance geopolitical concerns. you have to look at the price action. looking at the s&p, we got above the midpoint at 1948 and we have not looked back. but look at the nasdaq renewed 12 year highs, and if we have a full recovery another 5% move from where we are now. i think there is opportunity in the russell 2000 lagging behind, but it doesn't look like any stopping just yet. melissa: thank you so much. hillary clinton putting those dead broke years behind her. her appearance include $300,000
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appearance to travel via private jet and presidential suite, dare to dream. back with us. chris, what do you think of these demands? i also love to fly by private jet, however i never get to do that. >> very few of us get the kill killmeade treatment. >> you need a better agent. >> she is always walking the fine line because she wants everybody to know she is a qualified big deal and may be a bigger deal than her husband. but the trappings of power and wealth that go around that are very offputting to a party that has been focused intently on income inequality for a decade. >> you should see the dump fox business put me up at sun
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valley. i understand what chris is saying, on the broader issue of what people at this level demand for speeches, i will call you this, from what i understand larry summers wants how exactly to get to the gym, he doesn't want to stop and talk to anybody on the way to the gym. >> larry summers wants to go the opposite direction. can he find a gym? he wants a map to the gym. melissa: this year's performance may not go down with the all-time greats. governor chris christie strutting his stuff on stage at a recent fundraiser. i believe they call this move the jersey turnpike. what do you believe? >> i watched him dance to jimmy fallon.
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this takes a lot of guts, personality, he probably has lost 100 pounds. melissa: is this contrived, we are watching this, we think he is human, we love him? >> it is all contrived, this is a theater of politics. i don't know of i would get down exactly in that way. >> that is a good picture. i will say one other thing, he is out there dancing while new jersey economy is sputteri sputtering. this guy is running, his popularity in new jersey is down for one reason only, he is not a very good governor. melissa: ushering in our next story it is not all dance had good times in new jersey. atlantic city struggling to find a use for the shuttered casinos
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fisting relate to. >> like playing the fiddle while rome is building? -- burning? melissa: it is crucial to keep them occupied and illuminated because looters are attracted to darkness did >> this is a microcosm of the economy in new jersey. while chris christie is dancing, i don't care, he is allowed to, but his numbers are lousy when on the merits, i don't know how you run for president and win when it is like last in job creation. how much is our economy have to grow to be able to dance again?
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>> fiddling while rome is building. the fat man is dancing. melissa: how much does the public at large do for the country, how much are they focus on the government of new jersey? >> the overlay of scandals, all the things that go on, that is what seats out when candidates wants to seek national office, a rough and tough political team you know very well in the things you have to do in order to get ahead of this sometimes don't please them. >> when he runs the nomination it will be open season. and he doesn't have good answers for it. melissa: the good, the bad and the world's most comfortable sheepskin shoe is set up with being ugly now wants to be the cool kid in town.
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melissa: i am melissa frances with your fox business briefs. target trying to win over more shoppers by extending hours until as late as midnight. half of the 1800 stores will start with the new hours this month. target is helping enough late-night shoppers show up to cover the late-night costs. and making a play for new york plaza hotel. reports say his investment firm offer as much as $2 billion to the iconic landmark. the sultan owns a beverly hills hotel which has been the focus of a celebrity boycott. u.s. homebuilder sentiment rose this month to the highest since january. the third straight monthly gains with many pointing to the same sustained job growth and low employment rate. that is the latest from the fox business, giving you the power to prosper.
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♪ ♪ ♪ ♪ create a better website at squarespace.com start your free trial today. melissa: the maker of the sometimes ugly undoubtedly comfortable skin booties hoping to expand beyond the teen mark market. the company launched a new ad campaign called "this is ugg." featuring impressive people to diversify the brand but how far can it straight away from the initial group? bruce, what do you think of this?
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>> i think this is the example of the company that wants to put their ugg in one basket. this is what is known as a line extension, it is the only brand you can think of when you think sheepskin's what makes sense to look at the other products they could sell. what makes no sense to me is hemingway great, great, great, great granddaughter? >> these are some of the models wearing ugg not known they are caught on camera. i believe tom brady would have worn them. i like the way you yelled. melissa: see world looking to attract whale watchers after shares have been sinkin thinkina rock good they will build larger
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tanks and spend millions on, wills research. does it make you want to go to see world? >> i've always liked see world. i didn't know about the blackfish thing, but they seem like happy killer whales. they were very flexible, they seemed to respond to the crowd. they can make killer whales happier indications, i am all for it. melissa: they have a real marketing road to home ahead of them. >> larger compared to what, the ocean? no, it is okay, now the killer whale is in a much larger pris prison. it is not going to work. melissa: do you want to save yourself from wrinkles and jellyfish? you need a bikini. i've never seen that word before, very little exposed to the sun and it looks awesome.
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makers say it can also drive away jellyfish although they admit they don't know exactly how. look at that, can you imagine walking around? can we see that picture again? her face is safe from jellyfish. >> it is the same thing, doesn't matter. they would be happy to have that, famous wrestler who wore a mask. to me this is a joke. melissa: it definitely feels like a joke, terrifying children on the beach along the way. >> i thought was lebanese pastry, what is with the sunscreen? i don't get it. >> if you have to wear a mask maybe you shouldn't go to the beach.
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melissa: heading into the last hour of trading, let's check in with liz claman, follow that. liz: don't you love this? we speak to our bears, you can be bearish, you can see the markets jumping at the moment up a percent, the russell, small admit cap up a percent. 28 billion in assets under management, he is going to be giving us some of the favorites names right now, look at the rock, paper, scissors, which one trumps all of the bad news with market and very difficult news watching the developments at ferguson with the looting and the fires and the shooting with the unarmed black teenager. coming up, the teenagers that can capitalize on this, the cameras that all of these police department's love to wear, a guy
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who worked for a chinese company, he is also looking at this as a former marine of exactly what he can do and rise of the drones, our day one of the series about the rise of the drones. this could be a few years $100 billion company, it could be $100 billion, we have the company that is doing it in a big way, stay tuned. melissa: we look forward to all that. in the form of ice cream, a new form of ice cream with the pleasure of wine and desert all in one carton. i can't imagine a better invention. you can never have too much "money" or too much ice cream. [bell rings] ♪
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melissa: time for little fun with spare change. the ice cream world turned upside down with a special new flavor. behold the wine flavor scoop. here is the genius behind it a all. thank you so much for joining us. i want to get right to it, one scoop of ice cream is the equivalent of what, a glass of wine, how potent is this? >> it is up to a 5% alcoholic content per container. melissa: so what does that mean? >> a pint of ice cream is like a glass of wine. melissa: i understand you have a lot of customers overseas, where is this most popular right now? >> probably the netherlands, europe, also getting a lot of far east, malaysia, places like
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that. we just did a show in south africa with a very good inquiry. melissa: your favorite are part, red raspberry chardonnay, riesling, what other things are you brewing up right now? >> we have strawberry sparkling champagne, and we have our newest flavors area did melissa: very cool, think you for coming on, we can't wait to sample it. >> thank you. >> cheeseburgers are under attack. hanging in the balance as groups are calling for a meat tax. is nothing sacred? at the end of the day it is all about "money" and cheeseburgers. it's monday.
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♪ melissa: my favorite food is under attack. environmentalists calling for higher beef prices and proposing meat taxes to counter the damage that burgers are doing to the planet. bruce and dan are back with us now. vegans and the new york times that they cause obesity, methane gas, and the l.a. times saying it uses 660 gallons of water just to make a burger. bruce, what do you think? >> i think we take the ice cream from that last segment -- [laughter] and we make a merlot milk shake, use it to wash down the cheese cheese burger and forget this ever happened. melissa: dan, what do you think? >> meat is delicious -- melissa: shame on you! >> i'd like to know where the co2's coming from. is it down wibd? the cows on the east coast -- melissa: wait, wait, their other charge is the industrial food has manipulated cheap prices for excess profits. i don't understand that. >> we make it up in volume. melissa: okay. this you go, right?
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all right, thanks, guys. i hope you're making money today. the market right now up 167. liz claman coming up next. ♪ ♪ liz: international pension be damned, optimistic u.s. investors appear to be going their own way for now with mega money deals in the works. dollar general makes a nearly $9 billion bid for family dollar. billionaire investor carl icahn's fingerprints are all over this one. charlie gasparino told you about it first, we've got the latest. ferguson, the missouri governor calls out the national guard. but when the anger dies down, could high-tech body cameras for police officers transform u.s. law enforcement? and which companies are at the forefront of this new technology? we break it down for you. ♪ ♪ liz: and rise of the drones. unmanned aircraft seem to be everywhere, s
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