tv MONEY With Melissa Francis FOX Business September 18, 2014 2:00pm-3:01pm EDT
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"money" starts now. i have to assume scotland is on your list of stories to cover, melissa? melissa: you bet it is. it is decision day in scotland. the polls are still open. we'll take you live for the pivotal vote for independence. talking the talk but not walking the walk, why big name advertisers don't have the guts to leave nfl. one california's rancher struggle for survival and how it is making your cheeseburger more expensive. speaking of cheeseburgers, it is national cheeseburger day! despite attacks from the left, we here at "money" defending the delicious treat that stands for everything that is right in america. even when at the say it is not, it is always about money. melissa: we start on the very serious note though, really frightening news out of australia after authorities foiled an isis plot to randomly select people off the street and behead them.
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the terrorists organization has become so brutal, that even al qaeda is condeming it. let's go to the panel. charlie gasparino of course. fox business's senior correspondent. we have joe fami, zor capital managing director and greg zuckerman from the "wall street journal." thanks for all of you joining us. greg, i will start with you. what is really scary the lone wolf phenomenon. isis doesn't necessarily have to penetrate a community. they have to inspire people through social media to attack. >> yes. strikes me once again the united states is asked to solve the world's problems. when it has to do with ebola, the middle east, these are issues that largery are in the middle east right now. melissa: are we answering that call? you say the united states is asked to solve the problems. i don't know, it doesn't seem like we're doing it. >> i don't think, i think this is, what this is, i mean this is what journalism does. journalism exposes news stories. we learned isis is a legitimate
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threat to the homeland at some point. that is what this story is about. i don't think we sent the fbi over to australia just yet. the real question affects everything here from the economy, how we walk out the door and how we live our lives. what is the real homegrown threat to isis? i mean, and, i think it is significant. some people might disagree with me. but if it is significant it affects every part of our lives. melissa: joe, what do you think? >> opens up can of worms. people are disapproving with the action of u.s. because we're not taking action but taking action opens up a can of worms not just in iraq, syria, jordan, israel, the entire region. that's why it make as delicate situation. melissa: isis asked to release a british cab driver, abducting him is wrong under islamic wrong. amazing al qaeda coming out saying these guys are barbaric. >> you're crazy when al qaeda is condemning you. >> more to remember, this is largely a muslim issue right
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now. shiites versus sunnis. there are risks and they could grow. melissa: what do you mean largely a muslim issue? there are americans and brits being killed. that makes it more our issue. >> there are some. >> american journalist was beheaded. >> that is true, do we want to risk soldiers sending them over there. >> here is the thing, besides boots on the ground, the question did we adequately address the issue of isis ever? did we take them serious? was president obama fiddling whale a p burning. i think all the evidence says yes. melissa: u.s. but do we want to put boots on the ground. according to "new york times" poll, do you approve the way barack obama handling situation with isis? 48% approve, 39% disapprove. majority disapprove. questions still remain how high the share price will go. sky bridge capital anthony scaramucci last week. >> i do think that they're going to trade this thing with a seven handle. i do think it is going, i know
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the early talk was 66. but i'm guessing, 70 to 72. melissa: what do you think, charlie? >> it is definitely going to pop but 70, 72, we'll know next couple hours where they will reprice this thing. melissa: right. >> here is what i know, from my sources underwriting sources there is tremendous demand from asia. all the big haitian pension fund want a piece of this thing. if they want to trade prices at 70 they can. the question is how greedy do they want to be? the question is how much do they screw american shareholders. price it at 70. it will pop. some people buy after the pop. american individual investors not at ipo in secondary market they will get screwed to some extent. >> that is what i'm most concerned with retail investors. i look back in my trading history, two other ipos had this much hype, baidu and facebook. baidu at the time google of china, opened in '05. it that was high print, din take out the high like facebook until
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a year later. i'm worried that it pops and people are stuck with it. melissa: one to watch and anthony will be back here tomorrow joining us on set to break down alibaba's big debut. he has been all over this one. you don't want to miss what he has to say. sponsors not sure which direction to go after the recent nfl incidents. so in a statement pepsi ceo indra says i'm a mother, wife passionate football stand. i'm deeply disturbed repugnant attitude by a few players and the nfl's acknowledged mishandling of these issues is casting a cloud over the integrity of league. in a anonymous source quote where are you going to go? we don't condone violence against women but how is it right thing to do for our shareholders to pull out of the nfl? i would know, she is saying condemning things but not pulling her sponsorship yet?
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what do you think, jo. >> she makes a good point. roger goodell would be time to make leadership and make decisions in the nfl. all of sudden nfl behavior has been bad? melissa: talk to larger point about this idea, i mean where do you find a huge audience anymore? there are so many outlets, so many cable channels, so many places to watch that the nfl as a product presents something that is really valuable. >> i know a lot of people in sports marketing. i get to mingle, pepsi and all the big advertisers when you go to games and stuff. this is a huge enterprise, a huge business. that being said these are all consumer brands. at some point, i don't know when it is, may be 10 years after the some point if this sort of stuff keeps going the taint of the nfl thuggery will wear off on that brand and that is when they will act. i will say this though. here's where you know the rubber meets the road, get a couple more of these things, there will be swift action. i think roger goodell will go if there are a couple more of these
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things, just because, he is a great businessman. i like roger a lot. i know him pretty well but just because you have to do something. these are consumer brands. at some point the american people say why do i want, watch something that is, that the people playing the game are thugs? melissa: last sunday, i'm a big football fan. >> i'm too. melissa: last sunday you could barely get to the games and players with all the other news i didn't want to hear about. what do you think, greg. >> nfl feels pressure and anheuser-busch and doubletrees and pepsi do something. melissa: pull their ads. >> does pepsi really have a high moral ground? they sell sugar water and fritos. melissa: come on. what is wrong with fritos? >> with all due respect, i don't think sugar water and fritos makes you beat people up. maybe in some, other universe. melissa: twinkie defense. >> but you know, these are consumer brands. when you start looking at tv and say, do i really want to see this guidancing in the end zone
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after all this stuff, you know that is where the taint starts to -- melissa: charlie has news on new york attorney general eric schneiderman's suit against barclays. what do you have. >> i've been doing a lot of reporting. a lot of people think he is casting a wide net which he is, from what i understand the evidence compiling in this high frequency trading dark pool investigation is mainly focused on barclays and it's a pretty good case. the best evidence they have is against them. they have their own words against them. what we came across is an interesting video of a barclays executive talking about whether or not they take action against high frequency trader, that act as predators. this is what he said. we are proactive. we actually severed that relationship with the client. barclays did not sever that relationship with the client. that is the basis of schneiderman's suit. this is a very powerful suit based on that one statement. and i will say this. barclays does not answer to that statement. they can not tell me if that
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statement is accurate or not. i have given them many, multiple chances. i think this, the question is why they're fighting. i think looking for, now this is my opinion, they're looking for a smaller fine. but we should point out, everybody thinks that snyder than is casting like a huge net. he is. he is subpoenaing people the i will say this one firm is in trouble here. the best evidence from what i understand is barclays. virtu, the big high frequency trading firm that pulled ipo, from what i understand not even on the radar screen. melissa: interesting. did everybody know that today is national cheeseburger day? nothing says america more than a delicious, greasy, cache ridden cheeseburger. -- carb ridden. charlie you could have at cheeseburger. this is delicious cheese berger. this represents everything right in the america this is what liberals want to stamp out. >> show everybody here. melissa: this is delicious. >> this is not america. melissa: yes it is.
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charlie, don't want it, don't put your fingers on it, because someone will want to eat it. this is everything that the left wants to stamp it. >> eat it. i dare you. [laughing] melissa: delicious. delicious. i did it. >> didn't even take a bite. melissa: yes i did. yes i did. >> come on. melissa: this is carbs, this is meat. this is everything that is right with america. they're trying to stamp these out at schools. keep them off your table. this is the midwest. these are farmers. this is everything that is right with america. what, are you liberal? charlie is a liberal. >> i'm about to like this, is, like the worst food in the world. melissa: no, it is delicious. don't get any. stop complaining about it. joe, would you like a cheeseburger? >> i would love one. melissa: thank you. >> every day could be national cheeseburger day. melissa: get a cheeseburger for that. greg, would you like a cheeseburger. you had questionable opinions. i don't know if you deserve one. >> i like cheese and burgers, but i'm kosher. i don't eat cheeseburgers.
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>> you think pepsi is bad? this is 40 times work. melissa: i can respect that. thanks, guys. united kingdom may not be united for long. scots heading to polls with historic vote on independence. farmers left high and dry. we're live in california with one rancher explains the devastating toll on the drought and more money and many more cheeseburgers whether charlie likes it or not coming up. ♪ there was no question she was the one.
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melissa: right now at the white house president obama is meeting with ukrainian president petro poroshenko. it is seen by many as huge show of support by the united states for ukraine's fledgling government. poroshenko is something for more military assistance against russian rebels. we'll bring you more as this happens. in the meantime a historic referendum underway in scotland as voters must vote a simple yes or no to one question, should scotland be an independent country? with just hours until the polls close we're waiting to see if the region will remain part of the united kingdom or become its own nation. fox business's ashley webster is live on the ground in scotland
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with more. what is the mood like right now, ashley? >> i think anticipation, melissa on both side. as you say a simple question but one that has divided this country. should it go independent, cut its ties from westminster an be responsible for its own future, or, should it remain a part of the united kingdom and enjoy greater powers with the scott like parliament while remaining part of the union. it is a big question. it is a hard-fought campaign over the last two years. as you say today they have gone to voting booth. polls close under two hours from now. voter turnout by all reports very heavy indeed. maybe somewhere between 80 and 90% of registered voters indeed cast their votes. we'll see if it's a yes vote. things will happen very quickly. they will have to form a scottish government and scottish constitution and do a lost negotiating with westminster. if there is a no vote, the westminster under form of david
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cameron, ed miliband, labour leader and nick college, the leader, they will give scottish government more power and say over their transportation and taxation and welfare. those are the arguments. the latest polls show perhaps, just before the polling stations opened that the no vote was ahead just slightly. who knows how accurate the polls are. we'll find out sometime tomorrow morning, melissa. sometime between 6:00 and 7:30 a.m. it will be well after midnight on the east coast before we actually know whether indeed scotland becomes an independent country. melissa: ashley, thank you very much. i'm saving you a cheeseburger. neil cavuto sat down with chairman and ceo of 21st century fox which is the parent of fox business. neil got his take whether or not the genie is out of the bottle for other regions that now that the u.k. is offering incentives to get the scots to stay. here is what he said. >> i think that's true but i
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don't know what they will be given but, the danger is that if the no vote wins, and the parliament down here revolts against their leaders who made these concessions, and they go back on them, then i think you would have a lot of trouble and unrest. melissa: all right, let's go to our panel. charlie is back along with lisa tripp, associate professor of john martin law school. scott martin from united advisors. a fox news contributor. thanks to all three of you for joining us. lisa, i want to start with you because you make a great point. this is the first time a country could leave without it costing a single dollar, without a shot fired and a drop of blood spilled. is this really a big deal? >> i think it's a really big deal, if you look back in history, how many countries can say that? my god, when we left englanded it took a whole lot more than they may be able to do to get away from england.
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a lot of people focus on the financial risk but if you think of it in these terms this is incredible opportunity for scotland if the people decide they are sufficiently different from the english that it is time for them to go. melissa: it is amazing. i'm not sure a lot of people know they lowered the voting age for this to 16. seems like a lot of younger people want to stay. we caught up with a few. let's listen to what they had to say? >> i just think we need the support from england that we get, like i think, well our defense as well. we would be so vulnerable to attacks. we've got no defense without england. i just think they do so much for us economically as well. melissa: scott, wouldn't it be interesting if they lowered the voting age and then it was the younger folks that ended upturning the vote to stay with england? >> yeah. and that may be the best result we could hope for. i appreciate what that young
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fellow joe said there, because he is right, melissa. the idea of independence and getting out of say the shadow of england is definitely one that the scots i think are embracing, certainly the nationalists are but reality economically is not so simple. i get lisa's point, yes, no blood spilled, no cost and things like that but guys, they're going to blow up their currency. they're going to blow up their central bank. so many changes, melissa, that you know about happen when they secede if you will from the u.k., that will be massively economically damaging that the country i don't think is prepared for. melissa: so true. bet fair is started paying out to those who have cast, said it is going to turn out no. that amazing. >> say that again? >> bet fair is already paying out. they're already paying out on the no bets. that it is not going to happen. they're paying out it is not going to happen already. >> most people, when you talk to them, polls, if there are any polls, they don't think it will happen. i don't know. i will say this, for the united states i really think at this
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point it is non-issue for us. the markets are not going to move. i don't think the dollar is going to change. for britain this is huge. melissa: lisa, do you agree with that? i think it's a big deal for the u.s. if scotland breaks off. >> why? melissa: it create as ton of financial instability. >> no it doesn't, financial instability around the world. >> it creates no instability for us. it creates some instability for britain. i will say this. melissa: okay. >> here is the bottom line, what does scotland get economically from breaking up? very, very little. melissa: lisa, do you think it creates turmoil for us and around the world if scotland breaks up? >> the ramifications of scotland and u.k. breaking up the u.k. would become much more right-wing country. so if that happened the euro skeptics could get the u.k. what is left of it. >> sound like a good thing. melissa: >> out of the eurozone. that is something i think we are worried. >> that, but, see here is what i wonder. scotland is not break up to be a free market enterprise because
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britain is too liberal. that is the, they're bricking up to be the same as liberal stuff that you got in britain. melissa: we've got to go. for more on rupert murdoch's take on scotland watch neil cavuto tonight 8:00 p.m. here on fox business. meantime iphone mania reaches a fever pitch. critics are calling it a winner and demand stronger than it has been in years. plus honoring american icon. it is national cheeseburger day in case you haven't heard me say it. negative before have you heard so much controversy. do you have too much money or too many delicious beef patties? ♪
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melissa: if you watch our show we take food pretty seriously much. classic come under attack. cheeseburger is center of controversy. health news to minimum wage workers. on national cheeseburger day we're taking a delicious bite of american exceptionalism. jamie richard, joining us the vice president of white castle. thanks for joining us. the cheeseburger is under attack from liberals. it is working. millenials are thinking they're not healthy and turning to things like chipolte. how are you fighting back, jamie. >> first of all, happy cheeseburger day, melissa. melissa: thank you. >> every day is happy cheeseburger day. melissa: we love it. how are you fighting back for my friend the cheeseburger? >> you know, millenials love the castle. we think it is about authenticity, being transparent which we've been since 1921. they're saying cheese when they come to the castle. we've seen our cheeseburger sales going up, this decade in fact. we've sold over 772 million
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cheeseburgers that. enough to sir couple navigate the earth three times. take that magellan. melissa: you don't feel, pizza is launching a healthier, skinny slice of pizza. everyone is responding in their own way. you don't think it makes sense to meet folks halfway and provide something makes you feel like you're eating something healthy even if it is insincere? >> for us its menu development of the heart and soul of castle will be our sliders. that will continue to be. we have a grilled chicken sandwich that is delicious. to us it is taste. you can dress something up as healthy and there are good choices but -- bed of onions. melissa: tell me what the cheeseburger confidence index is. you have your own economic indicator for this bad boy. what is your economic indicator? >> we do. lowest part of the recession, cheeseburger sales as percent of total burger sales were down. we're seeing that climb. as our neighborhood come back we're seeing cheeseburger confidence index at 109.1.
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we call others mo have their own surveys. we offer this as something they put in there. we haven't gotten any calls yet but maybe they will at some point. melissa: i'm sure they will call you. jamie, thanks for coming on. happy cheeseburger day to you. >> go on, melissa. melissa: charlie is back with us, along with marketing maven bruce terkel and scott martin who laughs in the face of tofu. scott, is chews berger getting a bad name? i feel they want you to feel ashamed when you eat a cheeseburger. >> feels like with every kind of product. not what you an joy or what is worth but what can control political commentary. if you eat them every day, probably not so good for you. eat them now and again consider it a treat on national cheeseburger day, probably very good. ifs national cheeseburger day is thursday, tomorrow is friday. melissa: i love that. cheeseburger for you, bruce, based on that answer. you earned it.
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mcdonald's has new gimmick in southern california, they're allowing four locations build a burger with lime, tortilla chips and creamy tatar sauce. is this a good idea to get cheeseburgers to more people turning to crazy things like chip pole tee? >> i think so. there. is all kind of things putting on burgers, melissa that try to hello-ify the burger. we all love cheeseburgers. most recognized fastburg food item out there. i don't care what charlie says i know he eats cheeseburger. >> i do once in a while. melissa: i appreciate the anti-cheeseburger sentiment on the show. >> i'm tough on liberals. melissa: and liberals. >> for voting for president obama. >> and everyone else. >> but, where they are smart is in food. i will sell you this. the reason why mcdonald's stock is going down and, white castle, let's be clear, they're not hitting home runs with the
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millenials, the reason why is this stuff is garbage. it is unhealthy for you. not good for you. melissa: i think i'm finally asking charlie gasparino to leave the set. he has done a lot of things on the show but this is putting me over the edge. >> liberals for some reason are smart enough to know that chipolte is much more healthy choice than this garbage. melissa: charlie, you dropped the f-bomb on this set. done all kind of things. this is is. this is it for me. >> this stuff is not good for you. this is not food. melissa: no. >> this is shavings of -- it is bad. by the way if you want to eat a cheeseburger. eat a real cheeseburger not the garbage you get at white castle or mcdonald's. melissa: leaving it hire. will not see charlie gas on the show. that's right. you guys, i'm mailing you cheeseburgers. >> i have to watch my hands. melissa: apple take as swipe at competitors after tim cook insists that they don't secretly collect your data and sell it to like some companies do. and after its fire phone fail,
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♪ ♪ melissa: get 'em while they're hot, this time i am not talking about these cheeseburgers. the i toni 6 and 6 plus go on sale tomorrow, and apparently size does matter. tech crunch calls it a winner. the best smartphone you can buy "the wall street journal" says the bigger screen gets more done. samantha kelly, spencer ante, do you guys need a cheeseburger? >> are you trying to torture us? melissa: if you do a good job, at the end of this, i'll give you each a cheeseburger.
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samantha, what do you think about the sales? very impressive? the reviews have been fantastic. >> you really can get one, you can pick it up in the store if you ordered it, but, you know, the apple store lines are crazy. and it is because of the reviews also. people just want apple products in general, but it's supposed to be faster, more beautiful and a better experience. melissa: i think the problem is maybe the size and it's not going to fit into your clothes, so one of the businesses i'm going to go into is i'm going to make iphone jeans and patent them. what do you think? do you want to do that together? >> that's a great idea. women carry around purses and hand bags -- megyn: we do. you have a burst. >> exactly. here's my man bag. the iphone 6 will fit in my back pocket, the 6 plus won't. they're following samsung, but being a fast follower can make you a lot of money. the wi-fi's twice as fast x the battery is supposedly 50% longer than the 5-- melissa: yeah. i may finally get an iphone
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after this. ceo tim cook taking shots at archrival google in a letter written to customers. cook said: the privacy of his users isn't for sale. he made a great statement where he said users of the internet services began to realize when an online service is free, you're not the customer, you're the product. >> yes. melissa: and, i mean, samantha, that's really genius. >> yeah. people always say on facebook or whatever you're using really you're going on there, but you're not paying for anything. so really what are you getting out of it? melissa: do you believe his pitch on this one where he's saying there is no back door into these devices as we've heard there is with so many different services, that he's not unlocking it no matter what? that's some tough talk. do you believe it? >> i don't think people are going to use google and facebook less, but i think it is a clever positioning on tim cook's point to point out that, you know what? we have a different business model, and we're making money off the hardware, and we're not actually making money selling
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advertising based on your behavior and profile. and it's bold because they just got dinged -- melissa: right. i mean, that's what feels a little disingenerous because of what happened with the i cloud. we'll see. millions of apple users are rushing to download ios8 which is the latest operate b system for iphones and ipads as well. there is one big problem, it is huge, and people are deleting their whole lives and even their bible apps in order to accommodate it. some of the tweets were hilarious, deleting 900 songs, a thousand pictures just to get ios8. what else do they want me to delete, my childhood memories? did you guys download it yet? >> i always tell people to the wait a month before they download the newest operating system because it all screws up your phone. just wait a couple weeks. apple was always criticizing microsoft for having bloated software, and now it looks like apple's getting a little bit bloated.
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melissa: somebody tweeted i think i may be able to finish paying off college before ios finishes town loading on my phone. that about says it. >> one easy work around is if you just plug your foreign into your laptop and you update it throughitunes, you don't have to delete anything. that's sort of the secret thing. melissa: say that again. >> if you take your iphone and plug it into the computer, you can do a manual update, it pops up and just say ises click to update, and you can do it all there and then transfer it back, and you don't have to delete anything. melissa: that was so fantastic, i will let you have a burger. [laughter] spencer, you get one. you were good -- >> white castle. melissa: yeah. not to be outdone, amazon is debuting a lineup of new readers. investors not impressed. let's go to nicole petallides on the floor of the new york stock exchange with more on this one. so investors not loving this?
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>> reporter: well, it's interesting because they've come out with so many products all at once, it's almost hard when you have it written down in front of you to decipher which one's which, what you should buy. of course, amazon the number one online retailer. they came out with six products. they boosted the product of a basic e-reader, they have a low priced 6-inch tablet, a high end kindle reader. but what's interesting is they have a low cost 6-inch, cheap touch screen kindle, okay? that's going to be $7 t9. but they -- $79. but they also have a high-end, $200, this is the thinnest kindle voyage. but what's interesting about the whole thing is that they unveiled all of these product, all at once. so it just feels like a little bit of overload. i guess if you tried to figure out one by one, you easily could do so. there's certainly a wide range with lots of different features. but what's interesting is
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tomorrow's all about iphone 6 and 6 plus, and yet amazon's trying to stick it in there and make sure they get their the out first. back to you. melissa: nicole, thank you so much. ukraine's president welcomed to the white house as president obama lends a hand. plus, the mega drought intensifies. we are live from a california cattle ranch where the grassy fields have fast become nothing but dust and dirt. more "money" coming up. ♪ ♪ guys! you're not gonna believe this!
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♪ ♪ melissa: melissa francis with your fox business brief. uber wants to turn to the military community to find new drivers. the ride-sharing service has a new program called uber military that plans to recruit nearly 50,000 veterans and their spouses as uberx partners over the next year and a half. french connection says it will push back its christmas season, the retailer will now only have a five week sale, that is down from six weeks last year x. taco bell's new vietnamese sandwich shop has drawn complaints over its decor. some have said it's reminiscent of the communist regime. that is the latest from the fox business network, giving you the
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♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. melissa: look at him! this is the delta -- [inaudible] he is the size of your finger, and he is an endangered species, or so says u.s. district judge oliver wagner when he declared it an endangered species, and he
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diverted water from the zahn joaquin river valley, feeding millions of people with fruits and grains. no, instead we need to save the delta smelt. what do you have against the delta smelt? how dare you! >> i know sarcasm and cynicism -- melissa: i might be being a little bit star sarcastic. -- sarcastic. drying up land and profits alike. the hard. conditions dealing a major economic blow to farmers across the state, putting their cattle herds and livelihoods in jeopardy can. kevin keyser joins us from his cattle ranch in california. we first spoke to you back in february, and i know that your family has been in the cattle business since the 1800s. you said you were in danger of selling your herd. what's happening now? >> well, what's happened since we last talked is that we've had to sell off half our beef cow herd over the winter because we never received any rain substantially at all here in
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california. in addition to that, we've had to purchase hay that we weren't anticipating to have to purchase, $100,000 extra expense there. we've had to put in miles of water lines and troughs to supply water for our cattle, that's cost $100,000 extra we weren't anticipating. in addition, we've been unable to bring in steers on the ranch and turn them out to graze and sell them and earn money off of that. so that is hugely expensive in lost revenue from that. so this drought has put us on the edge of the cliff. and if it turns out to be a fourth dry year in california, there'll be hundreds of ranchers go out of business. melissa: if the rain comes back, are you able to replace that cattle and get back to where you were? >> we hope so. as it's been talked about, cattle markets for live cattle and heat is at all-time highs right now.
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so when you have to go out and repurchase cows or animals to build up your herds, it's hugely expensive, and that might be a criteria the way it limits that. melissa: yeah. a lot of other ranchers have taken their herds and moved to texas and nebraska. have you considered that? >> we considered that, but a couple of reasons the, the cost of moving the cows and bringing them back whenever it rains again, and lack of ranches in other states is also a problem. so for us, we chose to stick it out here with what cows we could keep and tough it out. melissa: i was talking to stuart varney earlier today, and a lot of people say that so much of that water that, you know, would normally be coming into the san joaquin valley is being diverted because of end dangered species like the delta smelt, that you would be getting that water if it was not for the environmentalists. do you agree with that? >> yes, i do agree with that. the environmental -- end
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dangered species -- endangered species act needs to be reformed and use some common sense goals into it. what's happened the last few years for the judgments against water being released to farmers and ranchers has devastated lots of california ag community. melissa: all right, kevin, best of luck to you. thank you so much for coming on. for investors watching the drought closely, listen to this. so if you had bought just one live cattle contract at the beginning of 2014, you would have made nearly $40,000. not bad for an initial investment of $1500. larry shover's watching this one for us closely at the cme. so, i mean, it's been an incredible hardship for many. it's been a profit center for others, larry. >> yeah, it has been. i mean, we're clearly in unchartered waters. there's no map for where the trade is right now. as you mentioned, one concept, one $2,000 investment would have netted you $40,000.
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that's incredible. we do know that the drought has decimated 50% of the herd out there, and usually ranchers like kevin would move to corp., but the problem is -- to corn but the trouble is in 2011, 2012, corn was $5.50 a bushel, too expensive. and then you have the government charge the people for the cows to eat on the land they've been eating on for a hundred years. melissa: great perspective. thank you for bringing us all that information. >> you're welcome. melissa: the space race for the edges, elon musk versus vladimir putin. liz claman that a fascinating interview with the man himself. plus a middle school math teacher wins big on wheel of fortune. hey, kids, guess what? i don't think she's coming back. mart "money" -- smart "money" coming up next. ♪ ♪ [ breathing deeply ]
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melissa: he's the brains behind tesla and spacex, and he's only speaking with our very own liz claman. liz is here now with what elon musk is telling just her. liz: well, of course, yesterday we had the big news that he feels his rocketship company -- forget the fact that he runs tesla as well -- that his rocketship company is getting that massive $2.6 billion contract from nasa to ferry astronauts to and from the international space station. i asked him, you've got a lot of competitors. boeing is now ganging up on spacex with jeff besews of amazon. he really brushed that off even though i see today there is a "businessweek" headline that says jeff bezos declares war on elon musk because he would like
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to start working on a rocket engine for a boeing rocket. of course, it's elon who is in the rocketship business too. he brushed off those concerns. i'm not even thinking about the domestic guys. in fact, i specifically asked him which adversary are you worried about? >> he's like, i'm not worried, listen to who he's looking at now, and he's looking at spacex. >> on the international front, we battled the russians and, you know, putin announced several months ago that he's going to add $30 billion to the russian space program in part to compete against spacex. liz: that must have felt good. >> yeah. yeah. [laughter] liz: now you've got more security. >> yeah, exactly. liz: can you imagine, melissa, vladimir putin so concerned about what spacex is doing -- melissa: right? liz: yeah, i mean, it's fascinating. melissa: it is, although i wouldn't want putin as an enemy, so i'm glad he feels confident about that.
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liz,very cool. thank you so much. what's coming up later on your show? liz: in fact, we're going to continue the theme. not only to, of course, are we watching what you've been watching, it will be 120 minutes before we get that scottish vote. we're watching that. but we're continuing the space theme here, but this time from a luxury experience way. in fact, we've got the ceo of a company called world view. they're sending up balloons. wait until you see these things with people in them, melissa, to the edge of space up 20 miles, and then you come back down. and by the way, yes, in case you're concerned, there is a bathroom and an in-flight bar. [laughter] melissa: wow. that looks too scary for me. i think my kids would love it. thank you so much. liz: you've got it. melissa: here's who's making money today, this lucky math teacher. the maryland woman made history when she became the third person in wheel of fortune history to win a million bucks. the episode was taped back in may. so she's been keeping her millionaire status secret from
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friends and family for months! can you imagine? and make -- this facebook wannabe right here, it is called metropolitan, and it costs $9,000 to join. are you kidding me in including a $6,000 initiation fee. users get to share stories about vacations and private jets. the site bills itself as a social network for folks with more money than time. or sense, for that matter. have a cheeseburger. a huge day on wall street, we are back. it's dow and s&p hitting new intraday records. happy cheeseburger day. see you in a minute. ♪ ♪ opportunities aren't always obvious.
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cheeseburgers. look at the markets, right? not too far off record all-time highs. earlier today the dow hit 17,262, so you can see we're about 23 -- 22 points away from that. some of the reasons are for some of the financial stocks that are doing so well as interest rates have been creeping higher. the ten-year bond, for example. on the downside, though, we've seen some names that everybody knows very well that have been under significant pressure. rite aid, everybody knows that pharmacy, that's down 19%. pier one imports also down 19%. so we have a slew of names here and a real disparity with what we've been seeing. dupont, on the other hand, a chemical company on the dow has actually been a real winner. gained about 10% this week. back to you. melissa: all right, nicole, thanks so much. i hope that you are making money today. that's all for us. i am going to enjoy a
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cheeseburger on happy cheeseburger day. don't forget to tune in for our alibaba coverage. anthony scare knew is back on what is expected to be the biggest ipo ever. "countdown" starts right now. ♪ ♪ liz: okay. and on this show we're going to be eating scottish shortbread. good amp, everybody, i am liz claman, no matter what scottish 16-year-olds are doing, our markets are in full bull mode. we look as of this minute to be heading for one, possibly even two record closes. dow jones industrials hit another all-time intraday high of 1-7b,262 -- 17,262, we're now at 17,247, up 90 points or half a percent. and the s&p 500 also joining the dow in hitting a new intraday high. we've got it now at 2008.83, the intraday high, at least the closing we need to have, is one
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