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tv   MONEY With Melissa Francis  FOX Business  November 18, 2014 2:00pm-3:01pm EST

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their chances. we're live in ferguson as we await a grand jury decision in the shooting death of an unarmed teenager. small business owners brace to collide with protesters. jonathan gruber no longer off the grid. the man who touched off a firestorm here on "money," spotted at mit. the really big leagues. baseball player behind the biggest sports contract in american hit. i would take a third of a billion dollars too. cold new marketing approach that has everyone, we mean everyone, channeling their inner elsa and anna. charlie gasparino will sing it out because even when they say it's not it is always about "money." state of emergency declared in missouri. officials bracing for violent protests a the country awaits a grand jury decision in regarding fatal shooting of teenager
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michael brown. today's panel, fox business senior correspondent, charlie gasparino, jack hough from "barron's" and david asman here. the show is called "money." that is what we'll focus on. it costs businesses in the area a fortune. >> at 4:00 we have a lawyer that represents a lot of those businesses. we've got people planning right now, all the radicals in ferguson, none care much about the death of this kid. what they care about is having protests and doing best they can to destroy the system, capitalist system. that is what they're in business to do, most of these protesters. you look at them, look at resume', look where they come, from same old crowd, the crowd that was here with down on occupy wall street. but the thing is there is one guy in particular who really deserves mention. that is al sharpton. al sharpton in many ways inciting people to dot worst. this is disturbing. he was in the front row at the white house when they announced the nomination for the next attorney general. he is a representative of
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justice in america? a guy who leads lynch mobs. a guy who shakes down business all over america? this is a guy who represents justice? forget about it. melissa: meanwhile the county says it cost them one hundred thousand every night just for police overtime as all this is going on. >> my hope. i certainly don't want to see violence in ferguson. my hope the weather there will play a role. it will not get above freezing in ferguson. any cop will tell you one of the best crime deterrents is bitter cold weather. melissa: okay. >> i would say this, one quick point. if you went down to the park in manhattan during occupy wall street, the bottom line, people lost out were businesses. community there got screwed. and media never covers this from a business angle. people get hurt, average people get hurt. melissa: so glad you mentioned that because we're having a small business owner on coming up. talking about the cost of this. that is definitely the angle we have. thank you for that, charlie. obamacare falling out of favor and fast. support for the health care law dropping to 37%.
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that by the way is a new record low according to gallup. seems the president can't just shake off gruber gate. new video surfaces of then senator obama praising the economist in 2006. >> you have already drawn some of the brightest mind from academia and policy circles. many of them i've stolen ideas from liberally. people ranging from robert gordon to austan goolsby, john gruber. melissa: oops. >> austan goolsby. is a good guy, a friend of mind. shows inepttude of obama administration on this one point. he will go out and do mass amnesty for immigrants at a point where his signature program is dying a death of a thousand cuts by public relations and probably by the supreme court. the obama presidency is not just in trouble. it is done. >> name airport after this guy gruber, gruber international airport. melissa: what do you mean by
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that you guys? you guys. >> i defend. that we're only people covering up until now. past couple days other networks come on it. >> has cnbc covered it? >> i doubt whether they have. i doubt whether they have. melissa: they are hiring comedy writers. they don't have time to work on this. >> cnbc do the math on this. >> you know how tough cnbc is on obamacare, right? melissa: yes. yes. very, very tough. >> they recruit journalists for obamacare. just a little bit. melissa: speaking of nbc, "today" no show. the attempt to revive morning glory against rival "good morning america" ends in complete disaster of the network firing television executive jamie horowitz before he can officially take the reins of "the today show.." >> two months he had. melissa: that is zero months much. december 1st he was supposed to start. >> he has been there a couple months getting his feet wet. melissa: on listening tour. >> he drowned before he got.
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nbc is famous of pulling rug out. people in this building who should know very well. there was something called america's talking which nbc was behind. they were all set to roll out. didn't tell guy in charge of that they planned this other thing called msnbc. they pulled out from guy heading america's talking. you know who that was. melissa: our fearless leader. >> you tv people are mean. this is why i work in print. fire a guy before you even start. they are mean. melissa: really? >> sometimes you need, i'm not defending nbc's actions, but every now and then -- melissa: need to fire a guy got out of his long-term contract with espn before he started walking around the building trying to meet people. then they shouldn't have hired him in the first place. i don't. i don't. >> i remember, there was an heir apparent going to work as cnbc and he was, just about, they hired him away from someplace else as heir apparent. melissa: who are you talking about? >> in interim they picked much better guy to run cnbc.
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sometimes you have to make decisions. you have to admit -- >> nbc, there is pattern here, gone on at decade for nbc i grew up with it. my dad was with nbc 30 years. i grew up with. they do it time and time again. >> seems kind of desperate it. melissa: it is. it was great show for a long time. oh, well. be prepared to lose your money in 10 seconds or less. snapchat announcing new partnership with square would allow you to send your friends cash. for uninitiated snap chat is messaging service to send photos and video to others with the promise, the promise, that the vision always will automatically delete. visuals. melissa: i don't believe that either. i don't believe it goes away. later on you hear, oh by the way it is all stored somewhere. you use this to send money. >> you have to give them your bank accounts. weren't they just hacked new year's eve? melissa: everybody was hacked. thatthat is a big group. >> hackers got five million
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names and addresses and other information. would you want to give your bank account -- >> you want to send me money i'll take it. melissa: shows you payments where it is at, no matter what business you're in. they do want to get into payments that is huge. >> so does appeal. >> you want to know why alibaba shares are up. they're into payments. >> good for apple. melissa: this story especially for charlie. kohl's -- >> i don't know anything about it. melissa: not letting it go. ♪ >> you're not singing. ♪ >> what is this? melissa: retailer is sponsoring a frozen sing-off to remind consumers that kohl's is the go-to place to get favorite sale or olaf gear. charlie knows nothing about this. for anyone with children, "frozen." >> that is pretty good let it
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go. melissa: please. >> on air? i have to prepare my voice. let it go, let it go. come on, charlie. melissa: let it go. this is genius on the part of kohl's. bring it back to the business angle. everyone with a child knows that "frozen" is the hugest thing out there. hugest, by a lot, that all the kids want anything having to do with "frozen." they linked themselves to "frozen" so everyone knows where to go. they're letting consumers sing at top of their lungs to try out to be in the commercial. >> this thing grossed? melissa: 12 billion, gazillion,. >> these things are so fickle. >> won't it fade by the time christmas comes around? melissa: "frozen" is not fading. this one you can't get rid of it. thank you so much. >> give it a shot. melissa: surge pricing wasn't bad enough, now uber is playing dirty by saying it wants to take revenge on individual
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journalists for giving it bad news coverage. plus, this has got to be the top. history is made as the marlins offer the most lucrative deal for an american athlete ever. "piles of money" coming up. ♪ (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise,
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melissa: all right. take a look at the markets here rally. you can see the dow is up 80 points. health care sector leading the way. another winner materials out there. the nasdaq composite trading higher as well by almost .8 of a percent. doing best of the group. s&p trading higher as well. the dow hitting new highs. uber senior vice president of business has strong words for the wrong people. reports say at a private dinner emil michael suggested spending a million dollars hiring a team of oppositional researchers to go after journalist who is are critical of the company. is that exactly what you want to do when journalists attending the same dinner where you're making this threat. the panel is back with us. charlie, jack, along with very own jo ling kent. what have you found out about
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this story. >> it was supposed to be off the record dinner. clearly it was not. made comments really unfortunate, targeting a specifically at a female journal at tech blog, sarah lacy. critical of uber for their business practices. didn't seem to realize anything you say could come back and bite you. we have a statement from uber, their response to all of this. we can pull this up real quick. i read it first. remarks attributed to me at private dinner, don't reflect my actual re6 views and emil michaels, don't reflect my approach. >> what exactly did he say. >> uber goes on to say we do not track journalists. >> point out with youngsters there, happens all the time. targeted, attacked, pr people run, hire private investigators to look into what i'm doing. melissa: you had people hire private investigators to look
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into what you're doing. >> yes. i was doing a story on sandy weill's son running investment portfolio and crack cocaine addict and i was going to report. that this was a huge investment portfolio from citigroup. i found out that sandy weill knew i was doing this because he had private investigator told me. obviously he had a private investigator in some way tangentially or specifically, look at my activities. i'm just going to say this. get used to it. these guys play tough. i would like to hear exactly what this guy said during this meeting, like point-blank, what he meant by going after reporters but it happens every day in corporate america. >> according to buzzfeed he basically said that he would be open to the idea of using a million dollars to hire oppositional researchers, as you said in the introduction and journalists to go after journalists and expose personal information in the event they didn't like what they say. >> that happens a lot. >> entire situation, yes, it happens but -- >> all the time. >> uber is an $18 billion valued
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company, probably going public in the next few years and this is bad reflection of their corporate behavior. >> citigroup, citigroup was $250 billion company when that happened. >> customers might -- >> i'm not defending that fact, charlie. >> dumb and terrible idea by the way. journalists don't have to be respectable. they're not in the job of being respectable. they're in the job of digging up facts speaking truth to power. >> recently hired, david plouffe, presidential campaign manager for the obama campaign. do you think he would have suggested maybe this is not a great idea. >> might have suggested them doing this. this happens, there are dossiers on every major journalist out there held by certain pr people. oppositional research happens all the time. when short sellers go after companies -- melissa: what did they find out about you, by the way? what is in your oppositional research? >> i don't know. i drink a lot. i don't know. melissa: what is your oppositional research? >> i've clean as they come.
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i've seen "frozen" four times. >> let it go, baby. melissa: bottom line on all this, for uber? what do you think it means for their financial future, their customers? >> they're trying to raise another billion dollars or so, right? they certainly won't help but unlikely to really ding their potential as a company. they're so large. they're very successful in a lot of cities. spending a lot of money recruiting drivers. short term impact may be much bigger. melissa: leave it there. >> customer base. this won't play well with the customer base. melissa: definitely not. thank you. from the u.s. to every corner of the globe money is flying around the world today, starting in japan where prime minister shinzo abe has called for snap elections, whole two years early. that is on the surprise news that the world's third largest economy has slipped back into recession. the prime minister's once-popular policies which were dubbed abe-nomics have been called into question and some blame them for holding back growth. over to russia, president
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putin started its own wikipedia. the country deserves its own internet psych pea yaw and wikipedia is not capable of giving information about russia. alternative has become with 50,000 books created in the web pages. that should be an interesting read. landing in seoul, south korea, where eye cree is -- ikea is building the largest ever store, 600,000 feet. folks are happy. prices double than in the u.s. simple bed frames, sold four hundred bucks at ikea? , are you kidding me! they like the idea of putting together their own fur furniture. i don't like it. jonathan gruber ignited controversy and we'll look how that dealt down and how that other network dealt with it. no aliens yet but a breakthrough discovery from the face after comet.
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melissa: obamacare architect jonathan gruber not shy about calling the american people uninformed and plain ol' stupid. he made that clear time and time again banking on voter confusion to make the president's plans politically viable. but gruber wasn't the only one hiding the ball on obamacare. some media outlets only too happy to try to keep you in the dark including my former employers at cnbc. millions of you have seen this story now. here's how it all played out. >> lack of transparency is huge political advantage.
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call it stupidity of american voter or whatever. the american voter is too stupid. very clever, you know, basic exploitation of the lack of economic understanding of the american voter. >> professor gruber is out there calling all of us idiots, melissa is going, really? i'm on to you. >> what you brought to light is the fact that the establishment media covers up this kind of story. >> i was at cnbc, i pointed out to my viewers that the math of obamacare simply didn't work. not the politics by the way. just the basic math. and when i did that, i was silenced. >> cnbc has issued a response to melissa's comments. melissa: the response from cnbc though, can only be described as glib, condescending, and actually bizarre. >> we're always on the look outfor high quality -- >> comedy writers and actresses. >> immature. sophomoric. >> they don't actually deny it. they just tried to attack you
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personally. melissa: just condescension in the comment. they said they're laughing and laughing at their viewers. >> they were like, shut up, you're being disrespectful. i'm on fox business. i can say what they want. melissa: in my three years here at fox business, i have never been told once, ever once, what to say or what not to say, not even close. so for anyone deciding which financial news channel to watch, know that cnbc is on the lookout for comedy writers and actresses. for their business channel. here at fox business we are on the lookout for your money. your response to this story on social media have been incredible and it being loose like fox business has picked up some converts on twitter. chip writes, melissa francis makes a great point if cnbc stifles stories that affect you and your money, why not watch fox business? what a great idea! christopher tweets, shame on cnbc for the sexist and glib attack on melissa francis as
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daily viewer i'm just about to switch to fox business. thank you for joining us. and on facebook, james writes, thank you for being honest in trying to tell the truth. i've eliminated cnbc from my list of favorite channels. good for you. keep your responses coming, please follow me on twitter @melissaafrancis. like me on facebook.com/melissafrancisfox. while you're there like fox business as well. we're on the look out for your money. turning to the markets now, all three major averages hitting new highs today. let's go to nicole petallides own floor of new york stock exchange who is keeping an eye on earnings. nicole. >> melissa, i'm glad you're getting great responses and viewers are really listening. well-done. dow jones industrial average as we noted record highs. dow is 17,724. that is up 76 points. we want to look at names that have been reporting. home depot came out, sales growing, actual ticket size of transactions is growing as well. they did warn going forward because of the data breach we
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covered fox business, that will hurt numbers going forrd. stock has been pulling back. tj maxx, marshall's, tjx companies, they cut their profit view. medtronic says its $42.9 billion deal with covidien is on track. medtronic is on track. these names are hitting new highs, medtronic up 4 1/4%. melissa: nicole, thank you very much. a few stories on our radar. the space probe on a comet 300 miles miles from earth sniffed out organic molecules on its surface. these molecules are the basis of life on earth. could give clues on beginning of our planet! hit show "walking dead" giving nfl for its money. it has won more ratings than sunday night football for three weeks in a row, with more than 14 million viewers this past sunday. that's amazing. nokia shares moving higher
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as it unveils a tablet to challenge the ipad. the nokia n-1 looks almost identical to its apple rival and will run on google's android operating system. bracings for civil unrest, missouri declares a state of emergency. stores are gypping to board up their windows. "money" talks to one business in the heart of the crisis. plus, carnival making some changes. is it too little too late? it is actually. "piles of money" coming right up. ♪ (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national.
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♪ ♪ melissa: missouri is in a state of emergency, tension gripping ferguson once again as a grand jury decides whether or not to indict a police officer in the killing of michael brown. fox news correspondent garrett tenny joins us now from missouri with more. what is the temperature like there, and i don't mean the weather. >> reporter: well, with the weather it's about 15 degrees, with the wind chill, but it is a
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lot hotter if you're not talking about the weather. really all across the region folks are on edge waiting to hear what that grand jury decision will be. and it could come any day. officials are preparing for mass demonstrations. the national guard has been called up to protect government buildings, police command posts and shopping malls in the event that the protests turn violent as they did several times back in august. several dozen businesses were caught in the chaos. windows were smashed, goods were stolen, and several were set on fire. many of those shops still haven't recovered and are worried another round of riots could put them out of business for good. >> i don't know that they can recover, some of them. they'll be gone. business right now for many of them is down 50, 60, 70% from where they were in august of this year. if there is another round of violence, another round of
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extended protests like we had then, most of those businesses along that route will close up shop forever. >> reporter: and here in clayton where the courthouse is, protesters have vowed to shut down the city after that verdict comes down regardless of what the decision is. so businesses here are already planning to close, and the businesses along the avenue in ferguson where a majority of those protests took place, they're already boarding up their windows, some are hiring private security firms as well in anticipation of what could be more of those mass demonstrations. now, gun shop owners in the area, they say they are selling weapons in large numbers, and the number of concealed-carry permit applications, it is up more than 50% in st. louis county from last year. so folks in businesses as well as at home are preparing for what could be more violent protests. police are hoping, though, that that isn't the case.
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melissa? melissa: thank you so much fox news' gary tenet. thank you so much. let's talk to one of the small business owners in the area, steven king joins us on the phone, he is owner of metro shooting supply, it is a gun supply store. gun sales in the area, we just heard, have been soaring. is that true? have you seen that? >> we've seen a very large spike in gun sales in the last week and a half or so. melissa: what are people saying as they come in? >> well, this time of year usually a hunting season-type purchase, rifles and scopes to go hunting. right now, though, it has been completely the opposite. we've sold 100% of our customers in the last ten days have been coming in for personal defense and home defense firearms whether it be a pump shotgun, a handgun or a sporting rifle on the ar-15 platform. melissa: i mean, that's amazing. does it make you nervous to be in the area after you see that
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many people arming themselves ahead of what's coming? >> well, you know, i am in the business to sell firearms to responsible people, so that in and of itself does not bother me. what the fear is is the fact of the unknown. we have to sympathize with our customers, because many of them are going to be, you know, in their homes unable to get police protection if widespread rioting and looting goes out. so they have to rely on themselves to defend namely and their loves -- their family and their loved ones from any kind of attack on the outside. our training classes have been filled, our conceal-carry classes have been filled, and we've sold an unbelievable amount of safes and firearms. and these people are responsible gun owners, they're trying to lock them up and make sure they're not used by unauthorized people. melissa: wow. steven king, we are appreciate your time. i want to bring my panel back in. we have paul schatz is here along with jack and christopher
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sase of growth portfolio. what do you make of what we just heard? >> unfortunately, i can't say it's surprising. however, you hope although we're allowed to bear arms, that's our constitutional right, you hope at some point cooler heads prevail and this does not become an out of control action where you need to bring in the national guard. melissa: i mean, it's terrifying to me when you hear about citizens going out and saying that they need to arm themselves with shotguns. i mean, i thought what we heard from that gun store owner really lends itself to the idea that they've got a major problem on their hands almost no matter what comes out of this. >> i think it is scary, no doubt about it, but i hate to reduce it to this, melissa, but when i look at ways to profit from it, i hear gun sales are booming, and to me that says i've got to start looking at the shares of smith & wesson and some of the other gun manufacturers to take advantage of that. melissa: oh, goodness. jeff, what do you think? [laughter] i know the show's supposed to be about money -- >> i understand. melissa: it's tough to take it
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in the middle of the conversation when we're talking about people arming themselves. jack? >> public safety is the most important thing. i hope they can get in front of this before it gets out of control. melissa: we're going to leave it there. thanks, guys. six years in the senate all comes down to tonight. keystone may be decided by one vote. plus kmart is it again this season, hoping to strike gold twice with another viral ad. at the end of the day, it's all about "money." ♪ ♪
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♪ ♪ melissa: i'm melissa francis with your fox business brief. steel makers on a roll, global mergers this year have already hit the $3 trillion mark. that is up 50% from the same time a year ago and is higher than in any full year since 2007. reasons include cheap credit and lofty stock prices. around 65,000 ford fusion vehicles are being recalled across north america because of a problem with the ignition key which increases the risk of cars rolling away unexpectedly. that's not good. and the oxford dictionary has decided its word of the year is vape. wow. which is what you do when you inhale vapor from an e-cigarette. very interesting. that is the latest from the fox business network, giving you the
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power to prosper.
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melissa: the fate of the keystone pipeline coming down to the wire in the senate. senate majority leader harry reid just said he expects the bill to pass today, just hours before tonight's crucial vote. keystone backers still searching for one more yes to seal the deal. 59 senators are already onboard,
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that is one shy of the total needed to get the bill to president obama. earlier today house speaker john boehner issued a stern warning to the president on keystone. >> the keystone pipeline veto would send the signal that this president has no interest in listening to the american people. it would be equivalent of calling the american people stupid. melissa: yeah, that never happens. >> wow. melissa: we are watching this one, we're going to bring you the latest as we have it. carnival is looking to make a comeback, and it's asking for your help. the cruise line appealing to the public to help decide its new multimillion dollar marketing campaign for your service. one lucky person could win a free cruise every year for life! i think i'm going to pass on that one. paul, jack and chris are back with us. do you want a free cruise every year for life? are you a cruise guy? >> so i love cruises. in fact, i just booked a cruise for sunday. melissa: what? is it on carnival? >> it's not on carnival.
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melissa: have you heard about what happens on cruises, all the germs and the vomit and the virus? >> amazing plane crashes, okay? the percentage possibility of this happening is infinitesimally small. >> no, no, we've heard about too many issues on cruises too many times. you cannot use that. melissa: okay. but this illustrates a great point because what carnival is dealing with are the diehard people no matter how much vomit they walk through -- [laughter] they're never going to stop going versus the folks, i think, like us who are -- >> like mind. melissa: basically, never going to do it. so they're trying to get folks out there who have said they're never going to do it. what are your fears and will soothe them? what do you think, is this a good campaign idea to try to bring these two worlds together? >> they're going to address all the concerns. cruises are filled with old people, people say there are a lot of lines for the buffets -- melissa: nothing wrong with old people, though, i want to say that out of the gate. come on, what's wrong with old people? >> i love old people, but i'll go to a golf resort and be
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around old people. >> nowhere to hide, jack? >> i'm not sure it's going to change minds. either you're a cruiser -- melissa: or you're not. >> i have not been on a cruise since 2001, and before that 1990. melissa: why, did you get sick so you decided not to go for a while? >> you all know who gets sick on a cruise. >> you've been exposed, you're going back. how do you attract new people? that's the question. i think there's too much concern about vomit, old people, what have you -- [laughter] to lure new people. melissa: nothing wrong with old people. we love you. please, keep watching at any age. we love old people. don't listen to them. >> we really do love you. melissa: we really do. let's move on. urban outfitters shares taking a hit as sales continue to drag at the name sake brand. its stocks at lows we haven't seen in more than two years. it is really tough to be in the teens -- >> it absolutely is. it's a very fickle business, what's in this year, what was out last year, how do you manage those expectations. i think there's a bigger issue
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here. we talked about this several weeks ago, melissa, when i was on, about the tone of overall holiday sales. i was not that upbeat, i am still not. melissa: you think it's bad for everybody, do you think it's an urban outfitters problem? >> i don't know the actual style, so i asked my daughter katie -- melissa: how old is she? >> she's 11, but she dresses older, and she gave it the thumbs down. >> there you go. melissa: wow. >> two problems if you're selling clothing, the first is we had warm weather late in the year, they're going to have to discount those clothes, the second people blew their budgets on iphones. melissa: no, that's a great point. gypping l bells all the way, kmart pulling out all the stops in this sequel. i think that's supposed to say "stops," to one of last season's most viral ads. look at this. ♪ ♪ melissa: i mean, i'm sort of speechless. it's captivating. it is genius. i mean, this is to get you to
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buy joe boxer which are the pants that they're wearing, if you can look away from the bellies, you'll know -- oh, i guess right now. you'll notice the pants underneath, that's what kmart's trying to sell you. >> good advertising. might make you laugh like they did with ship my pants and big gas savings. the issue is, are you really going to go into kmart and buy? i think this is entertaining -- melissa: you don't think it sends anyone in there. that is sort of the problem, what do you think? >> i think ads like this that go viral, a lot of people have never heard of joe boxer or any other brand, and they do put that name in the back of the mind if by chance they're already in the store and may walk over because the commercial caught their eye. melissa: does it make you feel kmart is a brand that feels old and tired and boring -- >> because it is. melissa: well, but this is totally different. they're making fun of themselves, it's funny, hip, viral, can it make you feel better about kmart in general, jack? >> it does not make me feel
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better. [laughter] i always assume that guys who play those kettle drums are not wearing pants behind those. this is showing me that's not true. melissa: there you go. >> flip it around. what does this say to the public about joe boxer if, oh, they're at kmart. melissa: i guess. on that sad note, thank you, guys. i want to remind everyone, we like old people. >> i don't dislike 'em. i'm on record, i love them. melissa: liz claman here to give us a preview of what's coming up in the next hour. liz: my eyes! jingle bellies. look, we've got serious action that could happen in this hour. number one, we're in record territory, so we're watching your money there. but two major stories developing in this hour coming up. of course, we're waiting on keystone. the vote is later, but we could find out if they've got the 60 votes to pass this. plus, as you've been covering, melissa, ferguson. we also have a deep freeze across the nation. how do you play that one?
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how about the number one generator company? as i look, it's 30 degrees outside our studios right now. a big move in generack, a fox business exclusive with the ceo. how are they growing this company and how do they become less weather dependent? we've got aaron coming up, a huge story during hurricane sandy, they did gang buster business. and speaking of major business, this company does 50% of its business right now. that's shutterfly. shutterfly, of course, the momentos and the pictures. peak photo keepsake season. shutterfully's ceo and president will show you his brand new items that they have coming up and their plants all in america. why? coming up at the top of the hour. and dow jones industrials jumping 78 points right now, you've got to watch this last hour. melissa: liz claman, thanks so much. one baseball player is breaking records before you've even heard of him.
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legendary sports agent lee steinberg on the kid with the most expensive sports contract in history. you can never have too much "money" apparently. ♪ ♪ opportunities aren't always obvious. sometimes they just drop in.
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♪ ♪ melissa: whether it's on wall street or main street, here's who's making money today, anyone with a piece of virgin america. it's fresh from its blockbuster debut last week, and its shares continue to soar. just take a look at the stock, up more than 13% right now. founder richard branson will be book himself into business class as virgin group holds more than 30 million shares meaning he's just made more than $123 million since checking into the office this morning. that is very impressive.
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also making money, former yankee jose canseco, he is trying to sell the finger he shot off while cleaning his gun last week. i'm not even making this up. it sounds like i am, but i'm not. he's even thinking of selling it on ebay as part of a package with both the finger and the gun combined? luckily for us, ebay bans the sale of human parts including hair and skulls. i actually think i that's for the best. wow. hoping to make more money off hit film interstellar, movie i house amc members can now buy an unlimited pass to the movies for $20 meaning that you can watch the three-hour space epic again and again and -- it's three hours, by the way -- and again, nonstop. just imagine, unlimited anne hathaway! oh, my. wow. well, it's home to south beach, gloria she fan, now miami's got
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the richest contract in sports, the marlins realing in john carlo stanton with a staggering $325 million deal. the 13-year payout eclipsing what the yankees gave a-rod back in 2008. remember that? let's hope this turns out a little bit better. here to discuss it, sports agent lee steinberg, the real inspiration behind jerry maguire. thank you so much for joining us. >> my pleasure. stanton won't have to sell his fingers one by one. melissa: well, i don't know. you never know, these guys get this money, and they tend to blow it. it is a lot of money to blow, so i hear you. are the marlins paying too much? is this crazy? >> it's only the largest favor because of the prodigious length, 13 years. here's the problem, melissa, the baseball contracts are garon treat for skill -- guaranteed for skill and injury. so if this player over time becomes nonproductive, he's only
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25 and he was runner-up for mvp, but if he becomes nonproductive, they have to pay him every last cent even if they cut him. second of all, if he were to get injured, they -- and never play again in two years, they still owe him every penny on the contract. so history shows that extending a contract that long -- melissa: is not a good idea. he's able to opt out, i read, not long after he turns 30? i mean, the marlins are notoriously cheap, but they've gone all in on this one. what's behind the change, do you think? >> i think it's a message to the miami fans that this owner, jeffrey lauria, is willing to step up and secure a great young slugger. now, that's good business, to take someone at 25. but i will tell you, bat speed slows down, foot speed slows down, hand/eye coordination
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slows down. if you look at the angels who spent a fortune on josh hamilton, he's very nonproductive right now, and albert pujols, who they've got to pay for years, has descended. so the long term for these kinds of contracts, look at a-rod, is that the team is still paying a player when he's not even playing or he's nonproductive. melissa: wow. lee, thanks for coming on. we appreciate it. you always know about the money. the gop landscape could be changing this moment, our very own charlie gasparino is working on some exclusive breaking news about chris christie and the future of the next presidential run. we are going to hear from him next because at the end of the day, it is all about "money" and politics. ♪ ♪ ist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts,
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the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. melissa: exclusive news right now from oy own charlie gasparino concerning new jersey governor chris
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christie. >> the republican governor association meeting is being held in boca, as you know, chris christie's the head of the rga, a big job, raises money for governors. here's what we're getting from people close to christie, plenty of sources we have here, northeast republicans who are saying those surrogates are making it very clear that governor chris christie intends to run for president in 2016. he is going for it, at least according to those surrogates. now, christie himself has not made that announcement at this meeting. but what people are talking about, buzzing about inside the conference rooms at the rga is that chris christie is, you know, for all intelligents and purposes letting -- intelligenting and purposes letting it be known he is running in 2016. and i will say this, major bundlers from republicans don't think he can win. they are basically saying this is a lost cause for him, but he, from what we are hearing, at
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least the word through his surrogates is that he's going for it in 2016. now, why can't he win? well, as you know, all the controversy surrounding the bridgegate scandal, other multiple investigations, there's also a lot of gop conservatives who, quite frankly, don't like the fact that christie embraced president obama during superstorm sandy in a big way, you remember that. melissa: right. >> it was a literal embrace. he was kind of controversial this year in the runup to the elections. he would say, listen, i got a lot of republican governors elected. a lot of people in the gop would say, well, you know, it was like pulling teeth trying to get you to give money to scott walker in wisconsin, didn't give the republican any support over mario cuomo who he's very close with, but surrogates for christie, people close to him there are telling people at the meeting, he's going for it. i don't think he's going to
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announce it at this meeting, but it sounds like, you know, if it's jeb bush chris christie, it's going to be a battle. melissa: we love it when you come on and break news. that's all we have for you today. here's liz claman. liz: i will take it, melissa, as we hit record highs with many of the stocks you might own. we are watching two major, developing stories that could impact the markets and your money during this last hour of trade. you need to know that, first, the national guard is on high alert, standing by in missouri after the governor declared a state of emergency. that is in preparation, of course, for a grand jury decision expected any day regarding whether to indict a white police officer in the august shooting death of a black teenager. that shooting set off a wave of sometimes violent protests that destroyed businesses and property in ferguson, missouri. also at this hour high alert on capitol hill. the fate of one of the most hotly-debated pieces of legislature in years, this one's a nail biter, folks, just hours

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