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

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"risk & reward." melissa francis just getting started. "money" starts now. melissa: it sure does. the biggest cause for national concern, isis, ebola, gridlock in washington? a struggling u.s. economy? what americans think is priority number one. tensions rising in hong kong. demonstrators calling off talks with the governments as mobs attack protests camps. charlie gasparino has an an exclusive. he is right next to me with huge details on a pay day on wall street that is kick up very big controversy. when crime pays. real housewife stars be teresa and joe giudice heading to prison. we'll tell you why is could help their bottom line, make them money. even when they say it's not, is always about money. melissa: stocks roaring higher after a better than expected
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september jobs report. all three major averages up 1% right now of look at that. the dow is up almost 200 points. the economy adding 240,000 jobs last month. unemployment rate dropped to 5.9% from 6.1. that number is a little deceiving though. we'll get into that a little bit. sound great. the labor participation rate, that's what we're talking about, lowest level in almost 40 years. go to our panel. charlie gasparino, and james frischling, cofounder and president of new oak capital. jack hough barron's senior editor. stocks really like this. what do you think? >> news on jobs is good. melissa: well -- >> not too good. there is not the wage growth yet. i talk with more and more -- melissa: wage decline in fact. >> i speak with more and more people who start to cast doubt on idea that the fed will begin to raise rates next year. look at dollar. so strong lately it could impair u.s. exports. melissa: that is why the market
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is rallying. go ahead. >> i agree with that. the negative on the jobs report was static wage growth and low participation. and yellen said wages matter to her. i thought a good report might spook markets and fed talked about moving sooner. no wage growth, fed is not moving. melissa: good point. >> anthony scaramucci made a good point on twitter this morning this means we have a slow growth economy and fed doesn't have to kick in anytime soon. status quo and market loves it. remember joe fami on the show predicted couple weeks ago. interest rates not going up. melissa: despite isis and ebola continuing to dominate the headlines most americans think the economy is the biggest issue facing the country right now. this is according to a new "fox news poll." terrorism has gone way up to 19%. it was 3% before. still the economy dominating. 59% of voters are dissatisfied with how things in the country are going right now, compared to four years ago. >> i think t a really bad statistic coupled with the
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terrorism ramping up. listen if you talk to any political guy like karl rove or they will tell you, these numbers are not good for the democrats in the, for the midterms, that you know, you just, it is very hard for the president to come go on air and say things are good when everybody believes it is bad. melissa: this true. we show it, at end of the day it is all about money. that is what the survey is showing you as well. people more concerned about finances and economy than anything else by far. >> too many jobs are low-wage sectors. latest report shows good job growth in health care, construction, business services. that is promises. we need a lot more. melissa: a lot more. hourly wages fell and labor force participation rate terrible. go ahead. >> people talk about headwind we face. trouble in china. no growth in europe. terrorism, immigration issues here at home. a reason to take some. wind out of sales of consumer. that will affect how far the u.s. can go. melissa: charlie's big story of the day of the outrage at one of wall street's biggest financial first. go ahead. you have a scoop.
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>> this is cantor fitzgerald. remember they got $135 million airlines on 9/11 related settlement. the plane crashed into their offices in north tower, 9/11. a lot of people thought inside the firm that $135 million would go to victim's family and firm's general coffers. what we understand, sources telling fox business network, howard lutnick, ceo of firm, decided distribute bulk of it, bulk of it, we don't know how much, to the partners. guess what that means? partners got huge payday. guess who is the lead partner? howard lutnick this is story is moving through the firm. fox business was alerted by this last week. melissa: did he comment at all? >> we ran all this i went so far to send my story, which is on foxbusiness.com to lutnick's pr people. they have not commented. i told them -- melissa: did they respond. >> i spoke with them. they do not deny it. i told them, deny it. here is the bottom line, inside the company, i asked them to deny this, speculation that
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mr. lutnick, who by the way talking people possibly running for new york city mayor, has got 15 and $25 million out of this thing since he is the biggest partner. melissa: in his defense, is is not illegal. >> we point that out. he never promised it. melissa: he never promised it. victims families there felt better taken care of than other places. we want to point that out. >> given that money. here's the thing of the this is what i told the people at cantor why i'm pursuing story. it would be one thing, howard doesn't need the money. melissa: right. >> based on the cantor's convoluted partnership structure, exactly, kind of difficult to figure out how much of this he actually owns which makes it difficult how much this settlement will actually go to his pockets. i think they're giving people $2 per participate share. that said, if, what people there are telling me, is sort of a business-related litigation because business was interrupted when those planes hit their offices right? good point. why not put it into the general fund of the business? why give a big payday to
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everybody including ceo? i'm not saying there is anything wrong. clearly a legitimate story. melissa: you're asking questions and -- >> it's a legitimate story. melissa: okay. another american infected with ebola. nbc cameraman working with dr. nancy snyderman is being flown back to the u.s. along with the rest of the crew. he is set to receive treatment while the rest of the crew will be quarantined for 21 days. now we're at the point every day is not another news story, it is three news stories. >> this is the thing. this is why the american public are routefully worried about this. almost to the point where there is degree, starting to become a degrief panic. they tell you everything, government, cdc, no way of catching it. someone sneezes on youyou can't get it, we see images of people dealing with the affected people in hazmat suits. we don't -- melissa: bubbles around them. okay, can't get it from sitting next to them on the plane. >> not only that we do know, talk to doctors about this, it is a lot harder to get than
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common cold, we know that. >> yeah. >> a hell of a lot easier to get than aids or hepatitis-c. this vast middle, we don't know how the doctors got it. did they have sex with people over there? is that how they got it? that's not what i'm saying. melissa: that was rough. >> no, no, i am not, making a legitimate point here. the transmission of this seems much more casual than the transmission of other deadly diseases that spread like aids like-ep-c. melissa: jack looks horrified. >> west africa, people are getting treatment in places that lack running water. >> stop. >> here you have better fa facilities an equipped. melissa: melissa: still people in has mat suit. >> if it comes here in new york city i will do show from remote rowcation in adirondacks. >> this is where it falls apart. how did journalists get it? how did the doctors get it? cameraman get it?
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got it more casual than hep-c or aids. melissa: 76 million jpmorgan customers data breach after hackers broke into the system using employee password. we asked people on the street how they felt about the hack on the country's largest bank. we here is what they said. >> i have a mortgage with them. it does concern me. >> i opened wells fargo and closing account with chase now. >> if i had money with jpmorgan that would make me examine other options. >> concerns me a little it bit of because my partner has account with them. >> i've been violated through fraud and theft it is the worst feeling ever. so it does concern me. >> there has been a lot of hacking going on. that is something that, home depot being hacked, everything else, definitely a concern. melissa: i don't know. everything has been hacked everywhere. i understand this was really big case but -- >> let's point out, this story was so bizarre yesterday because it began with "new york times" story saying there was second hack attack they denied. melissa: instantly. >> "new york times" had to essentially take it down the
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from on the page. we broke the story initially. we didn't have the number. on 3:00 show the initial attack was addresses and names. not the marketing side. >> who steals data without going after money? one possibility is someone who is going to try to steal money down the road. another possibility is a government. >> wait a second my point is this. you know, there is a lot of data on people. this is what jpmorgan made this point and by the way, jpmorgan could, ceo's can go to jail lying about a public company and public statements that you know, the information that they got you can get anywhere. you can get someone's address. melissa: name and addresses. that was their response. >> cyberattacks can cost a ceo its job. jpmorgan is trading up. people don't care. melissa: more bad news for pimco. charles schwab is dumping pimco's total return fund from target date retirement fund. charlie you have another fun fact about pimco. >> yes. there is a lot of consternation out in the market whether to
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keep this i can tell you, brokers at morgan stanley that are just on the edge of telling their clients to blow out of this. melissa: i want to mention people the reason why you care about this story, millions and millions people, probably you, cops, teachers, firefighters you are invested in pimco through your retirement accounts. this is your money. go ahead. >> this fund is a huge bond fund, if they have massive sell interest rates could go up. they did one day. when bill gross resigned a lot of people thought it was bad thing. when i heard there were so many happy people at pimco on trading floor of newport beach at headquarters they started doing congo. melissa: come on! >> started doing a congo. music, conga lines. lasted 15 minutes. melissa: conga, right? >> whatever. they had the dancing around. >> did they have music? if you have music -- >> we should point out that bill gross once, bill gross had in the past encouraged people to do congos way of breaking up
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tension. melissa: or congas. >> congo is country, right? melissa: it is. thank you very much, gentlemen. every day he struggling the president about to take another economic victory lap, so why does he keep veering off message? plus, diamond may be a girl's best friend, let me tell you, but the daughter of hong kong's chief executive is taking things a little bit too far. more money getting into hot water, coming up. ♪ know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience
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melissa: chaos in the streets of hong kong. student leaders of the umbrella revolution calling off talks with the government following violent clashes with a mob of pro-beijing protesters. here, scott martin from united advisors. jonathan hoenig from capitalist pig hedge fund. they are both fox news contributors. charlie gasparino is back with us as well. jonathan, let me start with you. this is just getting bigger and bigger. >> indeed, melissa. interestingly you're not seeing reaction obviously in our own stock markets here. where you're really seeing reaction in emerging market
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stock markets including china. russia fallen off the map lately. there seems to absence as far as investors are concerned, ditch with emerging market and stay with comparatively safe bets here at home. melissa: scott, the show is called, "money." so we're looking at the financial implication of all of this. there are two that stick out right away. this is financial center. so all this disruption can not be good. they say there is now permanent damage to this hub. also this is one of the busiest times of year for industry there. it is china's national day. it is as if this was going on during our holiday season and no one is able to shop and no one is able to do anything. what is the economic impact, do you think? >> it is huge, to your point, melissa. in fact this part of the year is attributable to much of the activity that happens during the year. this is a very bad timing sense. to take jonathan's point further, look no further than one of asia and hong kong's biggest trading partners, europe, which is already in
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enough trouble on its own but now getting affected by this unrest. melissa, as this goes on, as you mention with now the pro-beijing people stepping in and opposing this movement of democracy, you're talking about a major issue with the push and bull that is probably going to make things a lot worse before it gets better. >> i'm not ready to throw in the towel on this thing, i'm sorry. i just hit my phone. the reason why, i was looking -- melissa: stop calling people. >> looking up shares of alibaba. looking up shares because i think this is tied to this unrest. if you see the government crackdown here, you are definitely going to see shares of alibaba tank. and this is messy, but you know they're handling it. it is not so bad. it's a protest. melissa: it is except for you had the mob of pro-beijing supporters coming out and attacking from the other side. nobody knows who is behind that group. let me show you something else as well. hang on. there was, i mean this kind of tells you a little bit about the sentiment much. 22-year-old daughter of
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hong kong's chief executive was online bragging about her taxpayer-funded purchases on social media. she wrote in response to haters, she says, quote, this is a beautiful necklace, bought at lane crawford, funded by all you hk taxpayers, hong kong. they are, so are my beautiful shoes and dresses and clutches. thank you so much. she -- it's a small purse, charlie. not a fannie pack but. if that wasn't enough, she goes on to say, quote, roll up a little bit, actually maybe i shouldn't say all of you, since most of you are probably unemployed, hence have all the time obsessed with bombarding me with messages. you know, i mean this is like the president's daughter online talking about how she is buying stuff with taxpayer money. >> you realize democracy is messy. and what's great about what is going on there, unlike tianamen square we don't have guns and tanks and no one's dead yet. and i will say this. if they come out of this in some
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peaceful way, it will show is this, free markets create freedom. this country has, good thing for this country. >> people should be outraged, melissa. this young woman, in my opinion despicable. she says she wants to emulate the hilton sisters. at least someone in the hilton family made that money. this money, as she even points out was taken from hong kong taxpayers. this girl need a very long detention. >> what about bigger issue, jonathan? i'm surprised you're not piping some of what i say. if they don't crackdown, this means that the free markets, the free markets have instilled a degree of personal freedom in that country. that country is going through a messy democratic evolution. which ain't a bad thing. melissa: all right. big gains on wall street after better than expected jobs report. the dow up more than 200 points. let's go to nicole petallides on the floor of new york stock exchange with more on that rally. markets on fire today, nicole. >> it is indeed, pretty amazing. we've had so much volatility this week over the last couple
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weeks. those buy on the dip buyers have been stepping in over the last 48 hours. so that's good news for the bulls and dow is over 17,000, up 208 points and 29 out of 30 dow components moment ago were higher. shows you it is broad based. look at transportation index because that something we're watching. talk about volatility, that is really where it's at. that is up 2% today. biggest gain in seven months, since march, led by airlines. jetblue up five 1/2% almost and delta up 4% and united continental. this very same index and these very same names were actually tanking on wednesday when everybody was so concerned about ebola and it being transmitted on airlines and how that would work. then the transportation index at that time had 2 1/2% plunge. sorry. back to you. melissa: nicole, thank you so much. google getting one step closer to world domination. this time? they're coming for your precious television! plus getting his "burn notice."
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ben bernanke having a little trouble in the mortgage market. can you imagine that? very smart and funny money up next. ♪ ♪ mr. daniels. mr. daniels.
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melissa: whether on wall street or main street here who is making money today. anyone with a piece of martha stewart living omni media. the stock is up% today. the great timing since the season premier of martha stewart cooking school debuts on pbs tomorrow. i have to set up my tivo. today's gains might be enough to coax a smile out the domestic diva herself. martha stewart owns 25 million
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shares. meaning she made $7 million just today. i can barely take it. that is one happy homemaker there. bringing in some camelot money. photographer auctioning off wedding pictures of jfk and jackie kennedy. arthur burgess stumble across the negatives in his dark room in 1993. will sell 13 photos to the highest, look at that. highest bidder later this month. nicky minute gnaw, monthly sales of her wine coolers, yuck, are up 500% since the start of the year. good for here. i don't know. unless it comes in a box i'm not really interested. whatever. former chairman of the federal reserve seeing how the other half lives. ben bernanke admitted he is unsuccessful in attempts to refinance his home loan. ben bernanke, you get it? you see where we're going with this? dehim making -- despite him
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making $250,000 for one speech he is unable to refinance. charles payne, host of making money. jack hough as well. next coinstar will stop taking janet yellen nickles. what is next. >> charles will be happy to loan him some money. >> at very low bid. melissa: that's right. really says, everybody thought he was kidding. he said this, no, i like just changed jobs. if you have done what we've all done it, done one of those mortgage documents he is between jobs. >> that is really want mortgage business all that much. 30-year-mortgage rate 4.2%, historically speaking in the toilet. the problem the banks, savings rates, and squeeze on lending margins. melissa: you're trying to this into serious story? he tried to turn it into a serious story. who is the person process this paperwork, looking at ben bernanke and they don't get what, nothing else, his earning potential? house is like 800,000 doll house.
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that he made, he makes 250,000 a speech. >> when you buy a car, you tell them you make a certain amount of money, they stop doing the processing. if i make x-amount of dollars. you do? which car do you want? like to your point. who is the banker on this? i will tell you what i also heard, afterwards timothy geithner called him that's why i didn't pay my taxes. system is clearly unfair. that's what he told them. >> shocking part, he gets paid $250,000 to talk. you heard him talk, right? melissa: yeah. >> maybe -- melissa: i don't know. >> i imagine yellen -- melissa: that is right. he is one slow talker. >> when about when janet yellen goes on speaking circuit. she will make half a million. melissa: i don't know. it says a lot. >> can we say, don't want to jump on jack's serious bandwagon, the pendulum has swung back. the a lot of people are watching very frustrated i can't get a small business loan or house and i deserve it and done what i'm supposed to do. melissa: i saw an article that banks are lending again.
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everybody can stop with the story how they're not lending. boom you see ben bernanke can't get a loan. >> lending to businesses, not individuals. melissa: unemployment rate finally making strides after six years. good luck telling folks not exactly participating. and as one of bravo's most notorious housewives heads to the slammer, could it actually help her career and line her pockets? the money angle on this one. is she worth more now? that's what i'm wondering. "piles of money" coming right up. ♪ question how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to like, pull it a little further got me to 70 years old i'm going to have to rethink this thing it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪
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melissa: nothing but a number. unemployment rate falling below 6% for the first time in six years. but if the labor force participation rate was the same now as it was when the president took office that is what the unemployment rate would be, over
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a 10%. the only reason it is so low is everyone has given up. let's bring in peter morici, an economist at the university of maryland, charles payne and scott are in with us as well. i want to give charles a proper shout out because this was his prediction for the number today. let's listen. charles: i will go -- i am close to houston, going with them to 50,000 and a revision of 60,000 in august and i think the dow goes up 200 points. melissa: how did you know that? the dow is up 211 points. it was 248, you picked 250. it was close. who gave you the information? did you trade on it? charles: people who watch my show are making huge money particularly mobile apps. peter morici probably subliminally gave me that. >> how are the giants going to
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do? melissa: back to the serious stuff. it bugs me a lot of us focus on the unemployment rate and it is falling and they are not taking into account the labor force participation rate is at the same level was in 1978. >> all the women entered the labour force and are at the lowest level, one of every six men between 25 and 54, too old to be in school, too young to retire are not working. that is an enormous story, great consequence. this economy is not creating anywhere near the kinds of jobs it could and should create. in this century it created 6.5 million jobs. the prior 20 years over 40 million jobs. melissa: what do you think? >> if you look at that note on the 6.5 million, with that kind
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of job growth, seeing average hourly earnings grow less than 2% over the last 12 months -- melissa: actually dropped. >> is absolutely terrible. back to all these recoveries, this is the worst average hourly earnings growth we ever had so to that point part-time workers, employers not having to pay workers even more, terrible for the economy. melissa: day 2 of his victory lap on the economy, in indiana touting manufacturing job creation. it is incredible. jeff flock joins me from elmo with a look at the industry. house the report card shaping up on this? >> did shultz over there at ennis we talk about manufacturing jobs, got to get the truth meter out upon this. not as positive, in evanston ill. they make solvents and
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lubricants for the automotive industry for staffing. if you look at the number is the president has pledged a million new jobs in his second term. the glass at this point the term may be half over but the glass is a quarter full. if it wasn't for the automotive industry wouldn't have much growth at all. and that has done pretty well. if you look at the numbers and put the truth mitterrand it. he created nine thousand jobs a month over the course of the second term. you need to average 30,000 more a month if you want to get to the goal. what do you feel about the economy going forward? >> very positive. it is doing really well. especially the auto industry. it is great. everything is doing well, what i
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see. >> one more chart, the total number of jobs, 12 million in manufacturing, 12.2 million in manufacturing jobs that easygoing right here. the process you are looking at looks like oil. it is actually water based lubricants that they do here. everyone getting green these days. melissa: thank you so much. half of the audience would like to move to wherever she is that things are getting better because the rest of us are not. thank you for the president is set to cow the country's economic progress once again later this afternoon. he spoke about the economy but veered off track instead taking jabs at fox news and playing politics in a speech he himself deemed nonpolitical. jeff flock said we are a quarter of the way is there, less than one fifth. a quarter would be good from here. peter morici, what is your reaction to these things? >> the president is trying to put a smile on a bad situation.
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wasn't talking about how great the economy is in a press conference with the mayor of the city of before it but cherry picking, going to an industry he is heavily subsidized and bail out, they are feeling better in the auto sector, but the rest of manufacturing, we are not creating many jobs. if this attracted manufacturing jobs, we would be 0.1% there. the man is not keeping his promises. this is a white out. melissa: he says it is not a political speech, he took time out to talk about the people at fox news. charles: it is disappointing, very and presidential, very and presidential. i am surprised he doesn't go to the oldest trick in the book, blame bullish. bottom line -- really -- the media lets him get away with this. like talking about the unemployment number, no one will talk about wages.
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they let him suggest what is happening with participation is old people leaving the jobs market. the participation rate has gone up. young people lost faith in the american dream and he has to take the hit for that. >> they voted for obama in the last election. charles: another day another suspected ebola patient. an outbreak spread. we are giving you the lowdown on staying safe and no way, the olympic committee scares off oslo with outrageous demand. they are hysterical. that is why we can't have nice things. at the end of the day it is all about money. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial,
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if we can't get your things there, too. it's no wonder more people choose delta than any other airline. melissa: i am melissa frances with your fox business brief, general motors recalling half million vehicles, the two models in question are the camelot s r x model years 2010 through 2015, a discontinued saab 946 suv from 2011-2012. a fix is needed on potential loose joints which cause three crashes and two injuries. google is thinking the tech company's and danced project lab developing large screen televisions according to the wall street journal. this will be composed of smaller screens that put together to create a seamless image and facebook is taking an interest
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in your new report, the social network is looking to create online support communities that will connect users suffering various ailments like being sick of facebook. that is the latest from the fox business network giving you the power to prosper.
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ebola patient in texas. thomas duncan and family are being quarantined and monitored twice a day. earlier today stuart varney spoke with the mayor of dallas about the current state of his city. >> it doesn't surprise me, if they had a kid they would have been in school. that is the safest place to be because nobody else except this one patient in the hospital, in quarantine has shown symptoms. melissa: joining me now, lenox hill hospital chairman dr. david soma somati. weiner how this work. this photographer contracted ebola, nbc news correspondents. is that possible. >> barry is a lot of unanswered questions. it is not airborne, everyone would agree to it. that is why we think there is
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not going to be as strong an epidemic in this country. given there was a lot of questions we don't know. and can it survive, if you have a straw in your hand can get in to you? we don't know all of that. having close contact with people, talking sexual activities, vomit, diarrhea, any body fluid. that is the transition. melissa: it might be easier than that. if you have a news crew, if you have a news crew we know what we are doing. you are coming in and observing. if someone catches it that way, it becomes -- seems there's something more at work. >> the fact that there was the medical crew and doctors over there, nancy snyderman was there. the first question, should they have gone there and spend some much time? it was where the first week to americans, contaminated -- i know her personally well and she
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wants to give good news to us but at this point may be one of the things we should do is cut down some of our in flights. melissa: going there. >> the troops can help out, they are building up the ebola treatment centers, that is great. we are sending a lot of aid and that is good but we should cut down on flights going in and out and isolate the country for the time being until we figure out what is going on. checking the fever at the airport, and five days later. and label to take out these pensions. we also had to use common sense. fever plus west africa is equal to ebola until proven otherwise. if they come to emergency rooms and we miss this, now we have a simple problem that could become very complex epidemic. melissa: what are the other
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symptoms you could look for? >> you can see muscle aches, headaches, that is the first stage of this and then nausea, vomiting, diarrhea, mr. duncan had a problem, of paul begala over the place and finally this was going to be bleeding and you bleed from every orifice, and you are done. >> we appreciate it. and all three major averages better than 1%. the dow up 217 points. commodities, scott kennedy is watching those for us from the pit of the cme. this has been a real story lately and it leads to a bigger message which is not a great one. if commodities are not following suit, what does that tell you about the economy? >> the older traders that have been doing it for 25 or 35 years
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say these commodity indexes can be the canary in a coal mine something we have been talking about the two or three weeks. as the dollar got struggle we have some supply stores, oil and grains. these commodity indices have taken it on the chin worse than any other sector so that tells us going forward we have two things to worry about. the very bumpy marcus and treasuries, and nowhere near the good footing a lot of us would like to think it is. participation rate at a 36 year low, people out of the work force at an all-time high plus commodity indices are telling me you've got to buckle. melissa: we wanted to bring that to everyone's attention because this is a trend that has become more apparent and doesn't speak of good things coming. we appreciate it and we will keep an eye on this tour. into the last hour of trading let's check in with liz claman and see what is coming up on her show.
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liz: look at these markets charging ahead, just a beautiful day and for once it is a real surprise that good news is being taken as good news. there's a lot of fear that the fed will ramp up its calendar and start raising rates but a lot of this as you know has to do with that great headline number of jobs creation, but dig bit deeper, you guys were talking about it. the labour participation rate, one man at the obama administration who has the answer, what are they doing to fix the path that so many people have dropped out of the work force, thomas perez is the labor secretary. coming up he is with me live and i will ask him the question what does he see coming up the last couple months of this year. whar will the real hiring be? where should you be looking for a job? we are looking at so much more. game stop, everybody thinks they are just selling games. some of the biggest sales are coming from your old i phone trade in. what a future business and
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suddenly they are almost like a consultant to at&t. game stops president is with me live to talk about that and so much more. melissa: we will keep an eye on it. a new jersey housewife headed to the big house. why a trip to the slammer could help her bottom line. i think she is worth a lot more now. from criminals to cops the police instagram account that is going viral. a run for your money up next. yo, bro, you on woo-woo? are you kidding me? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! mark! comp us up a profile page! susie! write us some posts! i want sponsored woos. i want targeted woos. we need an ethnically ambiguous woo-woo mascot. dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo.
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melissa: from the u.s. to every corner of the globe money is flying around world, landing in iceland where one group where is the social media following, instagram accounts, t
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department featuring whimsical selfys. we love this story. a little fun with spare change. about to face a whole new reality. to reset -- theresa uduce is facing multiple fraud charges. reality stars and making a splash on the show. could they benefit from the big house? michael tamaro joins me now. i think -- i will let you start. and making a lot more money as a result of this. ratings have to these huge, and they will films that. when she comes out, the book she is going to write about it, the whole franchise, she served her time much like martha stewart. and the end and the day she is laughing all the way to the
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bank. >> is a brand going to take a hit is what you are asking. melissa: go ahead. >> martha stewart went to jail, her bottom line, her image took a hit because her credibility to the head. you can't have a domestic goddess said tax cheat. brand teresa is a carnival. she is a criminal. melissa: she paid $120,000 cash for furniture in one of the first episodes and she whipped the cash out of her wallet. i was a media like comedy set -- obviously there criminals. no one pays that many in cash for anything. >> she is not getting a big payday. melissa: you don't think when they sign her for the next season or film her in the run-up to her going away you don't think that will be its own spin off show and she will charge a fortune for that? what are you talking about? >> money with melissa frances. the beauty of those shows is
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they are so cheap to make and they hired all those women for a peanuts. the first one made $10,000 and she makes about 700 the last couple years, $700,000. in the scheme of things of television. melissa: she has her house on the market for $4 million. do you think that is worth more or less? >> house -- you, bose more than it is worth. finances are complete. melissa: a bit of a mess. the cooking and the book empire. is it worth more or less? she could talk about the recipes she made in the joint. that could be worth something? cooking tips from other divas behind bars? >> that is an initial top, there will be a bust and maybe a movie but interest in this franchise,
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melissa: if voters had to kick anyone out of the country the golden state would be the first to go. one of the outrageous stories, more money nick said the end of the day it is all about money. so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs.
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when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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>> an hour isn't just long enough to bring you all of our favorite stories. charles and jack are back, my produceers in the control room. a little extra bang for your buck. erin first, what you got. >> despite what tupac would have you believe, not a lot of california love. of all the states, california is the first one they would vote out of the union. you're from there, melissa? >> i am, it can get on your last nerve, all the fruits and nuts. voted out of the union? to all of our viewers in california, we love you. charles, what do you think about this? >> all of them but orange
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county. >> new york was second, in your face, california. >> all right. we're number two. breauna, what you got. >> no one wants to host the olympics, norway was able to get out of it because they didn't like the international olympic committee demands. the hotel reception, hotel bar, extended hours and meeting room should be kept at 20 degrees celsius at all times. >> they wanted separate lanes on all the roads that only ioc members could travel in, amazing, and meeting room 20 degrees celsius. exact temperature wlashgs do you think about that? >> they act like they had a few platinum albums. >> the king prior to the opening ceremony. erin, the last one. >> the reason for the pop on the market. some say it's the jobs report, i think it's the lemurs licking lollipops. >> i think they are fabulous, i
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have gotten in trouble with peta recently, i'm afraid what i might say about this, jack, what do you think of the lemurs with the lollipops. >> this is a lemur obesity epidemic. >> that's all we have, here's liz claman. >> i love lemurs and i love california, i'm from there, too. you need us. call it comeback friday, the bulls stampeding at this hour. all the major indices are moving higher with the dow up 211 points, close to the highs of the session, up 224. we're watching the russell and small and mid caps. the economy pushing down the unemployment rate to 5.9%. that is the lowest in six years, but not all sunshine and rainbows. we're about to hear from labor secretary thomas perez. too soon to celebrate considering one piece of the jobs report pie tastes awful.

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