tv MONEY With Melissa Francis FOX Business October 7, 2014 2:00pm-3:01pm EDT
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melissa francis is over on "money" which starts right now. melissa: thank you very much. president obama talks tough on containment but is it enough to keep you safe? speaking of containment, airstrikes not on the isis land grab. star-studded investing. how one company could let you profit from your favorite celebrity. and the $325,000 question, how much, did bravo pay for a sit-down with their jail bound housewife? even when they say it is not, she will tell you, it is always about money. melissa: president obama trying to calm the nation's fears about ebola, calling for multipronged approach to the deadly virus. take a listen. >> it is very important for to us make sure we're treating this
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the same way we treat any other significant national security threat. that is why we have all hands on deck approach. melissa: go to the panel. charlie gasparino, senior fox business correspondent, jack hough you recognize him, "barron's." and chris hayes. thanks for all you guys joining us. what do you think about that all hands on deck? do you buy it? >> yes. i don't think this calms the nation's fears. i'm shared by it. highly infectious disease. not uncontagious. it could have a severe, and here is the, it could have a severe economic impact if this thing breaking out very few people infected. >> this is too skimpy on details. here is what we know. the outbreak is just in west
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africa. you can't give people questionnaires. they will lie. they have a life or death incentive to get to the united states for treatment. melissa: that's a great point. >> we can't crack down on flights to west africa, that will restrict aid workers. no it won't. we can get aid workers. we need to restrict flights. melissa: seems we're not serious about this chris. what do you think? >> i'm wondering why we let people fly over from africa to the u.s., let's decide after they have been on the plane infecting other people. they need to do stuff on the ground before they leave. melissa: we'll talk about that with a medical professional. there will be economic impact. that is key. if this thing breaks out, consumer confidence, people talk about that a lot in the markets. melissa: vice president joe biden appearing in los angeles just moments ago. he was praising mayor eric garcetti push for $10.25 minimum wage. hinting it could be a model for the rest of the nation. >> you are a textbook for what
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we think the country can be doing now. >> in of itself will create new jobs. it will create new enterprises. and so, the idea that somehow raising minimum wage is in any way counterproductive just belies the facts. melissa: raising the minimum wage creates new jobs. who wants to go first? jack, i will let you go second. creates jobs? creates jobs! no, it doesn't! this ceo says it kills job. >> bad washington math. melissa: washington math came from the cbo says it kills jobs this. is new fake math. i don't know where this comes from. >> this is a guy completely out to lunch on so many issues. robert gates in his book talked about how he has been on the wrong side of just about every foreign policy. where did he get his economics degree from? melissa: creates jobs? i know you believe in raising minimum wage but without question, no one thinks it creates jobs. >> we had a long history of
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prosperity under a good minimum wage in america starting in the 1930s. we've had problems with employment and it happened at a time when the minimum wage has fallen 30% versus inflation in recent decades. so -- melissa: how do you get from there to increasing the minimum wage, to $13 creates jobs? is there any scenario where it creates jobs? >> one thing we know about poor people, any economist will tell you this, they spend everything they get their hands on. they have to. the economic multiplier on their money is high as it is for anyone else. melissa: even the guy gets fired is definitely spending less. >> i'm all for poor people having more money and being able to spend more money, just telling you jack, the economics are so bad. they don't make sense. melissa: jack, real quick. then we're going. i don't think the number has to be sky-high but i think minimum wage fallen behind -- >> economics are bad. melissa: charlie has exclusive scoop on herbalife. what are they tell about the investigation? >> there is ftc investigation
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whether this is pyramid scheme. that they don't have any customers, they just have distributors. what herbalife executives have been doing, telling investors the worst-case scenario they will be shut down, which is always possibility when you're declared a pyramid keep. that is what activist investor short eller bill ackman wants. that they will not happen. they have been polling academics and lawyers, why is the stock collapsing? >> i think what we put out, let me get to the second part, collapsing on my report. the second part of this is that they do expect, what they're telling investors they do expect sanctions. they do expect that they're going to debt beginninged for some reason -- get dinged, how they deal with the distributors or hyping to investors, they expect some sort of action out of the ftc when all is said and done and that is why the stock is goes down. melissa: from one market moving story to another, you were out shopping last night. your sources were out shopping? your sources were out shopping.
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>> shopping for what? shopping for what? melissa: let you do the whole entire story by yourself. i'm not going anywhere near it. >> you love this you emailed me first thing today. you loved it. melissa: i sit on sidelines and enjoy when you get way out there. >> sources tell the fox business network that eliot spitzer was actually shopping with a dress, for a dress with his girlfriend. >> shopping with a dress or for a dress? >> apparently my sources spotted him, these are first-hand accounts, at a women's dress store called intermix. melissa: very nice, expensive store. >> very expensive store. he was in the dressing room area. now his spokeswoman called me back and he wasn't actually in the sort of, the changing room. he was in the dressing room area. the women i talk to said that is worse. because he can watch them essentially get dressed. melissa: how do you go from herbalife to eliot spitzer in a dressing room? >> anyway, and he picked out a certain dress, his girlfriend, liz smith a pr woman, democratic
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party consultant, picked out a certain dress. it is called the lover. do we have picture of that? melissa: there we go. >> that is the lover. by the way over $600. melissa: very expensive. >> whispered in her ear, according to my source, you can have any dress you want. melissa: okay. from that, to other stories in the news. broadcasting employees, time warner company planning to cut more than 1400 jobs. news of the cuts come convenely after the company pen ad multidollar long-term deal with the nba and with disney. jack, what do you think about this one? >> you're paying $445 million a year for the basketball deal. the journal says that figure is poised to double. you have to make the money back somewhere if you will pay that kind of scratch for basketball. melissa: they're laying off massive amounts of employees. how us did it make you feel about the stock? >> they need to cut the business anyway. look at way we're going, ratings where turner is getting, this is
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where bulk of cuts happening. cnn falling apart, turner falling apart. they need a cost structure. >> that stock is not exactly -- >> but the business is falling apart. >> no, chris, look at if we had longer term chart, jeff bewkes who runs this part of the company, over the past year has done a pretty amazing job. just look at stock price. now he turned down the rupert murdoch deal. right? and that hurt the stock price. it went up but didn't collapse the stock price. melissa: jennifer lawrence finally speaking about the nude photos. >> how do bo from that to that? melissa: i just read them as they come. >> talk about me. melissa: 24-year-old old celebrity developing "vanity fair" quote, just because i'm a public figure, just because i'm an actress does not mean i asked for this. no, taking naked pictures of yourself that is how you asked for this. >> is she confirming, i think i saw a video. melissa: i don't think it's a video. i don't know. i haven't seen any of them. >> might have been a fake. >> first of all using indignant
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bad voice reading her quote. melissa: it wasn't indignant ding bat, sort of outraged celeb should know better. >> can't have one without having the other. >> i take her point that she didn't ask for this. that said -- melissa: yes they did. take naked pictures of yourself and up load them anywhere -- >> let's be clear. the act of hacking into her account is illegal. >> password protection. >> like someone walking into your house and my house, watching my significant other. there is issue here. i think it is a little -- melissa: my children -- right. >> don't take naked pictures of yourself. melissa: don't up load anything you don't want the whole world to see. it is not safe. >> there is a place in 2014 for the polaroid camera. [laughter] melissa: that's true. i want to show you herbalife one more time. once again this stock is moving on charlie's report. >> now they're starting to read the story. it went up. it went down and they're reading it. it will go up again.
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melissa: yeah. >> listen the thing is this, they know they will get dinged. they're not going to get shut down. we report, you decide. they think they can they're going to get a fine. and you know, i can't tell you when the thing will be over. a lot of people think next year or end of this year. but the worst possible scenario, the shutdown scenario, they are telling people, they are fairly confident, it is not going to happen. melissa: okay. i'm sure stock of polaroid is moving as well. thanks, guys. getting real for one new jersey housewife. a new scandal erupts over a $300,000 payout. just how much did bravo pay for an interview with the giudices. dusting off rudolph and taking santa out of storage. more "money" coming up ♪ you know what my business philosophy is, reynolds?
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a fierce battle for key city of kobani rages on. greg palkot is live in turkey with the latest. greg? >> hi, melissa. that deadly fight continues for the critical town in syria of kobani. this as the united states steps up its involvement. we'll have more on that in a moment of. but take a look at a little bit what we saw today, near the front lines. for the second day in a row, the black isis flags of terror are flying over the syrian town of kobani. we can see them, on a hill on a hill, building eastern side of the town. we haven't been hearing a lot of large explosions. what we have been hearing continueing small-arms fire coming across the town. street-to-street battles with outgunned and outmanned kurdish defenders of the town. shortly after that the u.s. started to step up. we witnessed a heaviest dom
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barredment of isis positions around kobani by u.s. aircraft. five different airstrikes hitting an isis tank, isis armed vehicles. isis guns. the main fight is inside of the city and hitting ice is inside of the city could incur casualties on the friendly side and civilian side. there was a fight on this side of the border too. angry kurds are very upset about the west and about turkey, not doing more in kobani. we watched too as turkish security promptly with tear gas and water cannons. not too happy probably with what turkish pretty erdogan had to say. he claimed kobani would fall soon and criticized the u.s. plan against isis. a lot of trouble here on both sides of the border right now, melissa. back to you. melissa: thank you so much for that report. good news from the department of energy which says we can all expect lower home heating bills this winter.
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those using probain heat which got hit hard during last winter's brutal cold, had biggest drop, down 27% this winter. $767. natural gas which fuels half of u.s. households will be 5% cheaper. those using heating oil can pay 15% less. phil flynn in the pits of cme. also a fox business contributor. phil, tell me more about the good news on the heating bills. consumers could really use it. >> well they could use some good news. they're getting it across the energy sector. of course one of the things i have to caution about this report here, part of it is based on assumption that we'll not have a winter like we did last winter. even at high-end and low end of the assumptions, melissa, in this report, they're basing these projections off the five-year average. if you look at four out of last five years, the winters were warmer than normal. if you get surprise, better watch out. it is good news f you look at natural gas production, what we did in this country, there was a
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lot of fear that we wouldn't get storage back to normal. what we haven't got back to the five-year average, we have produce ad record amount of natural gas this summer. we put more in storage. but part of that was because we had a cool winter. pricewise though, great news across the board. if you're talking about heating oil, you got to credit the u.s. oil producers. they're producing a lot of oil. those prices will be low unless we get a winter like last winter. melissa: phil, let me ask you about that. for gasoline prices at pump look better, right? down 16 cents in the past month. >> i know. we were are. we hit a new low for the year. according to aaa, lowest price since 2010. next couple weeks we could take out a record low for the year. i love this new era of gasoline prices and gasoline production and good things around the bend for all drivers.
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melissa: as long as winter doesn't come in and freeze us which i'm worried about. phil, thank you so much. retailers are in for a little rebound this holiday season. we know only october, i know. but the holiday numbers are out. they're definitely spreading cheer. national retail federation is expecting about a 4% boost in holiday sales this season. sandra is already smiling and liz macdonald joining us. chris is back as well. why will we see the bump up? >> just noted gas prices. remember a few years ago, gas prices were a haymaker through the stimulus spending, refund check, remember those? payroll tax cuts, destroyed it. now in reverse. gas prices tumbling down. 4% up. we have news for you. amazon, costco, macy's gap, all forecasting positive holiday outlook. walmart, watch this. walmart will keep all of its lanes open. it will all hands on deck, right after thanksgiving through
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christmas. all hands on deck at the cashier checkout. melissa: i believe it when i see it. going into one of those stores or target and line of 20 people and there are is empty cash registers. nobody is working them. what do you think about all this? as investor are you buying it? are you more wait and see? >> i'm more wait and see. nrf is one forecast. we've gotten several. deloitte is saying could be high as 4.5%. others say it could be 3.8%. some below 3%. it's a forecast. what is going to happen is, what is the direction of the economy? you know we are seeing a lot of pickup here. we need to see more jobs and see better wages than what we're seeing. melissa: that is what worries me, it shows latest fall jobs report. >> you couldn't find wage growth with a atomic microscope. think that is more psych lodgal to be honest with you. melissa: thanks to both of you. getting a piece of your favorite star. we're talking to a company that wants to put celebrity earnings in your pocket.
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teresagy due chair, giudice, breaking their silence. she and her husband joe speaking out for first time. "tmz" is reporting way was right! bravo shelling out more than $300,000 for that interview! they are denying that. real housewives binge watcher jack hough is back as well. bravo says, absolutely not true. on page 6. you know it is true. i mean it is everywhere, that they paid them, $325,000 which they need by the way, because they owe 414,000 in restitution. do you believe bravo paid for interview? >> ai free. comment from bravo, they disputed amount. that is what "tmz" said. there is semantics. they already work for bravo. melissa: this is my point about this. i said that on friday. i think these guys stand to make
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so much more money as a result of them going to jail. here comes our first bit of proof. they sit down for what was, really a lousy interview. did you watch it? i watched every minute of it. >> here is the thing, there is something called the son of sam law. if you commit a crime and make money from a book or tv deal, something like that, you can't talk about details of your crime or you forfeit the money. melissa: talk about the life right now. >> if phrase some of sam law comes up, how you have to live your life, you're probably taking a wrong turn. melissa: david, given, that how much more money can you make as a result? she is not going to jail until january 6th. bravo follows her around every second of her life until then. i think she will make a fortune. i think her brand is worth more. she will do cooking from the big house instead of my house. real housewives.
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big house. come on. >> gives her brand, infuse as lot more life into the brand. melissa: right. prison life. look way entertainment, there is always a narrative, right? melissa: yeah. >> we have the preprison narrative. teresa and joe. while she is in jail, that narrative with her husband. melissa: him home with the kid alone. >> how is the show called real housewives? i know at love real housewives. melissa: they're not like this. >> they don't get 300-k to go on bravo. melissa: this will be giant payday. i'm going to jail for 15 months. what is that worth to me? is it worth $10 million? i don't know. she will make it. >> she will. melissa: i love america. at end of the day it is always about money. that's what we tell you. this proves it. thank you. we are learning that twitter is doing with the u.s. government, wants ability to release a full report on government surveillance reports. in a lawsuit filed in federal court in northern california, it alleges that the government has
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been violating the free speech rights by restricting what the company can say publicly about a request for user data. from the u.s., to every corner of the globe, money is flying around the world. starting in russia where president vladmir putin's birthday celebration is either a midlife crisis or a cry for help. putin ringing in the big six, two, with a series of paintings. wait for it. liken him to hercules. this it has been dubbed, the 12 labors of putin. come on, that can not be true! features him wrestling a bore and fighting hydra. i kid you not. this true. remind what is the russian word for overcompensation? i don't know. where human pyramids will put your high school cheerleading squad to shame. human tower competition, wow, look at. that celebrated. 25th anniversary. as the name suggests, teams compete to tallest human
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structure. all the same i will stay here on the ground. landing in germany where sharp drop in industrial output has the eurozone fearing for the worst. economists are concerned that europe's largest economy may not rebound as quickly as hoped. they are at odds with the ecb urging for tax cuts despite a worrisome forecast. next airport business trip could include a screening back baggage. steve cone coal barrett for one is -- steven coll barrett is still worried. we'll be right back. >> monitoring everyone at risk and contain any chance of further infection. you can sleep soundly. there will be no ebola outbreak in the united states. is what they want you to believe. [laughter]
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hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow.
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are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter. melissa: it is the first, a nurse in spain contracting the
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ebola virus outside of africa. raising fears of the handling of patients. president obama announced a new measures airport screenings. adam shapiro has latest developments. >> will these measures be enough? they are developing new protocols to screen people who travel to the united states and may be infected with ebola. they will not shut down flights from infected countries including west africa. cdc director says that is the right move. >> if you stop travel, he isolates these countries it makes it a lot harder to get help and the disease spreads more their and other countries in africa and ultimately we could be dealing with this for years on end. >> he says new screening protocols can put questions of the people for whom a traveler has had personal contact. my problem is people can live at
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the dallas in bowl a patient may have lied on the exit papers because he denied having contact with a person infected with ebola. he actually helps take a woman to the hospital diagnosed with ebola but it is possible he was unaware of her condition. melissa: a lot to digest there. thank you. joining us now is dr. manny alvarez. let's take apart travel screening first bid >> i don't understand why we are always late to the game. cdc director says we will have better protocol. why not have a better protocol from the "mark he knows infection rate is going up in west africa. he knows pretty well if they will not shut down the flights, i am sure the airline industry is not happy of shutting down flights from anywhere, you need to have more accountability. melissa: if you don't shut down the flights, what else can you do? >> if you have control the areas in west africa with an endemic
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region full of patients and you come from their commie have to have a very thorough questionnaire, maybe a physical examination. what is wrong with having a doctor getting a thorough physical so you have a little more accountability of the physical presentation of it patient rather than a questionnaire or using somebody who doesn't have a college degree to assess anything and then of course why are you coming to the united states, where are you going to be, who are you going to meet and have a little diligence in that respect. melissa: there is an instrumental drug being used for this patient, thomas duncan, and it has been test on animals but not humans. should we be nervous about this? >> no be at it is a drug i've talked about for a long time. they just went through a trial.
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it works by preventing replication of a virus. on the ebola side of things it has not been tested but one can target the three trials they have had with other types of virus have gone very well. so right now they should do an expert i did review and an expedited protocol so they can utilize it and if it works, move on, use it. melissa: isn't that why we are using this, they are out of the other? speak of the other drugs are basically antibodies. melissa: thank you so much. take a look at that, the dow down 188 points. nicole petallides on the floor of the new york stock exchange. what is driving this decline? nicole: volatility is back. when you look over a longer read of time, 10 100-point swings, 20 points swings. that is what we have seen as of late. we're taking our queue on week
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news, german output numbers. we really have the global growth story and the slowing of the global growth in europe and talked about china as well. as far as the sectors we are looking at that we followed so closely all have downey rose talking about financials and drugs and others. we are also seeing another thing worth watching that we saw coca-cola, procter & gamble, those we're trying to give a go. the defensive plays are trying to be the safe haven. you can see the dow down 1.1% right now. melissa: tough day in the market, we will stand top of it. thank you very much. getting a piece of celebrity earnings, a new push to invest in your favorite stars. plus, selling the full nelson. we will tell you the going rate for willie nelson's grades. trust me
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walmart says it is an attempt to curtail rising health care costs which will cost the company $500 million more this year. general motors shares dropping significantly after morgan stanley warned of trouble ahead. cutting gm earnings as much as 24% citing exposure to russia and latin america. the ride sharing war wages on. uber has hired the former coo two left amid rumors of tension with founders. at uber hit is better to take the reins of an international unit that will focus on expanding startup presence overseas. that is the latest from the fox business network.
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melissa: weathers on wall street or main street, here is who is making money today. anybody with a piece of twitter. during the one-year anniversary of the ipo and deutsche bank predicting revenues could double by 2017 leading to a nice pop today. putting cofounder jack dorsey in a pleasant mood. he owns 22 million shares many he has raked in nearly $21 million today. hashtag jack of all trades. possibly losing money through culinary kindness?
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new york chef has released his official recipe for the coveted pastry. why? meaning you can bake them at home. it will take three full days to make it to perfection. it takes time. profiting, putting willie nelson's signature braids up for auction and they fetched $37,000. in fairness there's probably at least a dime bag worth of weed in there. the ipo market is on a hot streak going to renaissance capital. initial public offerings up 56% from last year. what about an ipo for a movie star like brad pitt? one company says tremendous potential for this market. the cofounder and ceo is here. thank you for joining us. you have already done this for
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athletes. explain to me how it works. >> we acquire the cash stream. in the case of professional football player like vernon davis who we work with, we valued his brand, so the cash flow made up of his on-field and off field earnings at $40 million suede paid him $4 million to acquire 10% of the future cash flow stream. melissa: and then you took it public. did he keep the $4 million or did you get a percentage of that, how did that work? >> we created a security with the sec and sold it online, our affiliated marketplace that operates alternative trading system and that is really securities trade today. he got the $4 million, of course the government got their piece of that.
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melissa: how did you come up with that figure for him? >> we basically forecasted based on quantitative analysis would be estimated his future nfl playing career, and then we forecasted future contracts within that timeframe as well as what he potentially can learn off the field. the gross cash flows came out to $62 million discounting it to present value came out to 40 million. melissa: who is the ideal movie star you would want to do the same structure for? >> there are lot of young and upcoming talent that have the potential to generate cash flow longer than a professional athlete would. everyone would normally jump to the top names of brad pitt and angelina jolie. we are not talking to any of them, but they have been very successful in their ability to generate cash flow.
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melissa: the athletes that have gone public, that happens a lot of times. very interesting business idea. a tough day for the market, liz claman is here to give us a preview of what is coming up in the next hour. >> the imf saying omg. we have the germans the trouble with manufacturing, all kinds of news there. i will ask him do you listen to the imf, do you listen to the fed or what economists say, what do you listen to making your stock picks. he has a three-year annualized return of 15%, he has made money, you need to listen to him and guess what, the ipo market has been so super hot lately, one company many know from their ads, go daddy, announced eventually it will be close to launching $100 million ipo.
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there is danica patrick. we have in a fox business with sieve, the ceo of go daddy talking not just about the atmosphere in which to go public right now and little to too tentative, but also how is he going to show profit and more importantly taking on the big names like facebook and google which seems open-minded but have dismal numbers in the comes to hiring women. go daddy has more women on their staff than those guys in terms of percentage. melissa: liz claman, look forward to the show, thank you so much. in the future writing the ongoing political troubles may be leaving a bad taste for yum brands earnings. and mcdonald's letting you have it your way. rolling out the red carpet at a price. you can never have too much money or too many cheeseburgers. ♪ so i can reach ally bank 24/7, but there are no branches?
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i have a lifetime of experience. so i know how important that is. melissa: another check of the market right now. all three major averages down about 1%. in the more than 1% at the dow. that is getting impacted by stocks. you're seeing the yield at eight bases points. nicole petallides with what you should be watching for. nicole. nicole: watching a broad-based selloff. but by financials and industrials. certainly a week talent the market. this earnings season watching for yum brands after the bell, the parent of kfc, pizza hut and the key in this earnings report as you see the estimates, we are going to watching for the news from the china division because that is where they get their
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biggest revenue. they made it through the bird flu and all the p.r. issues only now to have to contend with a supplier repackaging old meet. we will see what kind of issues that may have had. also a strong dollar. today you can see right now down 1.5%. melissa: thank you so much. fast food maybe not so much. the waste time for fast food drive-thru's have gone up nearly a minute. since last year, 40 more seconds, how dare they. i want my fast food right now. 40 seconds, i can't believe that, why is it taking longer? >> because there are more items on the menu. >> you can tailor your order to
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your specifications. melissa: with that deter you? >> you can get the same old flop in a minute and a half. when the order takes too long i imagine there are young kids in the back of the store doing something dastardly to the burger. i'm not the only one who feels that way. melissa: the busiest time of day for drive-thru lines has changed. it is now they call snack tie between 2:00 and 5:00. having a quarter pounder with cheese as a snack. >> this really matters, 60%, 70% of their revenue comes from the drive-thru lane. >> americans will have to get off of their rear en and go on h their burger. melissa: mcdonald's trying out customizable gourmet burgers. customers can build their own choosing from different funds, cheese and a ton of toppings.
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it can cost $15. the imagine building $15 burger at mcdonald's? >> this is a kind of thing they have to tinker with. the going to cost you $15 at mcdonald's. and then nobody will be there and they will fire everybody. >> they will be less likely to tinker with your food. >> this isn't a burger, it is a tower of meat. i want to know the toppings they're going to add to this. melissa: $15, it has to be really special. i don't know, all kinds of gourmet deliciousness. buy me some peanuts and cracker jacks but don't forget the chopsticks. get ready to watch the ballgame like a federal reserve chair. plus, a shocking number of americans can't name that face
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right there. do you know who it is? at the end of the day it is all about "money." [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath... [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. now we invite smokers to quit, too,
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>> so despite her signature hair cut, janet yellen is in no danger of being chased by paparazzi. a new survey finds that a measly 24% of respondents could name hersa the head of the federal reserve. 17% think it's still alan greenspan! christopher and jack with us. which of the stats is more shocking to you? >> the fact that so few recognize who she is. you have to remember, we in the wall street community, we get wrapped up in our own little world. >> at the end of the day, it's all about everyone's money. she's in control of everyone's money! >> that's true. the vast majority of people
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don't know who she is, and i can prove it. i teach over at new jersey city university two nights a week, and whether it's undergrads or grads, i hate to tell you more than 24% had no idea who the fed chair was. my job to educate them to help them understand all this. >> 17% think alan greenspan is still in charge. they are behind. >> i saw the quiz, 12 questions, two of them you are excused for getting wrong, 106 them you are an idiot if you get them wrong. the cure for being an idiot, read the newspaper once a week. mix in a curated newspaper, the "new york times," the "wall street journal," once a week. >> i read the "new york post," that gets me there. that's my paper of record. sometimes being recognizable is a burden, especially while enjoying america's favorite pastime. you have seen this? the washington correspondent for the "new york times" tweeting out this photo. ben bernanke using chop sticks
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at the nationals game. my staff was outraged about this! >> he's eating chinese food. >> it does not make you more culturally sensitive just because you pick up chopsticks. the only thing you should be holding at a ball game is a fork in one hand and a foam hand in the other. >> it's a dog and a beer. >> i don't see anything wrong with the chopsticks. it's a little odd at a baseball game. it was a stressful time for him there. that's all we have for you today, i hope you're making money despite the fact the market is down 183 points. tomorrow, a man who made it his dream and mission to visit every single starbucks in the world. i can't believe that is possible! is that possible? could you visit them all in one city? i don't know, you're never going to believe how much it cost him. i personally cannot wait for the interview. in the meantime, the market is
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down 186 points. liz claman is all over that and show you what's driving the trade as we sink deeper into the last hour of trading. "countdown" starts right now. liz: thank you, melissa. and starbucks down about a percent, thanks winter. melissa, more important than ever to stay with us, investors are pushing the sell button sending the major averages down just around 1% each. look at dow 30, just coca-cola moving higher, the rest in the red. wait! there's another side to every market story. we're talking to some of the smartest stock guys around who say the market is oversold. all that red on the screen means now is the time to get in while too many people are being stupid and selling. breaking news on on twitter. this happened just in the last half hour. the social media giants poking the u.s. government in the eye. twitter filed a lawsuit against the federal government. we'll tell you why, but if it means anything to
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