tv MONEY With Melissa Francis FOX Business January 13, 2015 2:00pm-3:01pm EST
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well. foxbusiness.com/riskandreward. that does it for us. thank you for joining us. perhaps france is here. "money" starts now. melissa: thank you so much. bipartisanship at the white house? president obama gathering congressional leaders pledging to work as a team despite issuing no less than five veto threats this past week. we'll bring you thoughts from republicans live in just minutes. nothing more than a frank of the pentagon brushing aside those attacks on central command but wait until you hear how much of your money goes to keep the department of defense trending trending on social media, right? seven years after the recession began turns out america is still not back on its feet yet. we'll tell you which areas have it worst. flying private on delta. the man who flew from cleveland to new york with just one other passenger, on the whole plane of the must be nice. because even when they say it's not, it is always about money.
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melissa: president obama sitting down with top players in congress are to the first time since the midterms. he opened the meeting telling lawmakers there are plenty of areas for cooperation. >> we're in a position to make sure that 2015 is an even stronger year. the key now is for us to work as a team to make sure whether we build on this progress. melissa: but actions speak louder than words. the obama minute has now issued five veto threats, just one week into the new congress. here to discuss all of it, charlie gasparino was supposed to be here the but i see a blank seat where he is. we do have david asman who, is very valuable, more than makes up for it. jamie richardson, white castle vice president. thanks to the two of you coming down here. do you think charlie is doing push-ups somewhere orful ups? >> i think he is inside the beltway trying to give advice to
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the president how to cooperate with the republicans. melissa: well that is a tough sell. >> not. melissa: that is a tough sell. >> i don't think anybody if anybody believes this is anything more than just for show they know nothing about the way washington works, they know nothing about the way the president works this is a president just like simpson-bowles tax reform, that was just for show. he empowered that committee to explain how to get really meaningful tax reform. he ignored what the committee came out with. like his studying of the keystone pipeline that went on for years when in fact he knew from the beginning he didn't want this thing to be built. now he will veto it. goes back to the 2009 meeting on obamacare that he had with republicans. remember that where paul ryan made a suggestion and he shut paul ryan down, i was elected president, not you. it is my decision. this is a guy who does not know how to compromise. this is all for show. he is very good at showy things. look at, speaking of show. showing late. >> i got stuck in traffic.
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melissa: get stuck in the elevator? >> and the dog eight ate his homework. melissa: the show started 2 minutes, 50 seconds ago. >> all right mom. melissa: optics of the president, welcoming the nba championship san antonio spurs to the white house, one day after opting out of the paris anti-terror march that 50 other world leaders in found room in their schedules to attend. secretary of state john kerry is not exactly helping either. he tweet ad picture of himself at a dunkin' donuts in islamabad, drawing criticism forgoing traditional pakistani breakfast. jamie richardson, he should have been at white castle. >> where charlie was. >> feel my hands. melissa: we're holding hand on the air. they're freezing cold. that doesn't excuse -- >> we're so sorry for you. >> it is tough out there. melissa: jamie richardson, tell me about the optics of the situation. david asman is saying, let's get together at the white house i
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will talk for optics. obviously doesn't care about optics because he doesn't worry about what it looked like in paris. >> leadership, i think we see this in business all the time is reaching out, reaching out across the aisle to get all opinions gathered. that doesn't happen when you start off with five veto threats. you mentioned 111th congress. that was the 666 congress, because all things coming out of it were horrible, card check, cap-and-trade. those things thankfully haven't come back. we want a spirit of cooperation. american people are hungry for it. melissa: what do you think about the video, one day later. >> at the white house, right? melissa: yeah. >> the white house is safer than paris. melissa: just from optics point of view. i understand what you're saying doesn't this picture doesn't it look bad? >> no. melissa: that he doesn't care about paris but there with a basketball team? >> i'm trying not to be, you guys sit around and look for everything little thing to attack the president on. i'm trying to draw distinct lines where it really matters. melissa: you're saying the peace
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and harmony kind of guy? that is how i think of you. >> no, no. i'm saying it is fine to go after the president calling a bipartisan meeting and before he calls it -- melissa: think we did that before you -- you agree with that. >> criticism. beating up on him for holding a basketball is ridiculous. >> wait a minute. you don't think he deserves any blame for not showing up or at least sending a top official to show up at the paris march? you don't think that deserves they themselves say it was a mistake. >> yeah. >> i have bigger problems with him than that. >> speaking of bigger problems, let's talk about the markets for a second because we lost 72 points since i came downstairs. markets pulling 180-degree turn in the last hour. now in the red after sharp rally today. the dow was up 270 points. >> where is oil? >> that is the question. melissa: let's look at oil
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charlie, you're right about that slipping for the seventh consecutive week. >> the markets hate this. melissa: we seen it popped higher is weird thing. down 71. >> it took a while, i get bombarded with emails and spam from wall street firms research about how bad the oil decline in oil is for the markets. that is really starting to -- >> why? what is the quick answer? >> i'm not saying i believe them. >> what is their quick answer? >> they're saying it will have an impact on gdp, first with the oil companies. then in certain sectors of -- >> job loss as well. >> states will be hit with job losses and declining revenues and taxes. they're factoring in right now. >> oil and gas production is 1% of gdp. consumer spending is 68%. >> doesn't it affect your business? white castle has everything shipped in. got to be a positive for you guys? >> it is a strong positive. more people are coming -- >> who is your banker? >> we work with a bunch great bankers.
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>> i would call up lloyd blankfein and james gorman ad morgan stanley and jamie dimon, speaking of which. melissa: speaking of which. >> why don't you guys get with the program. melissa: fox business exclusive maria bartiromo sitting down with jamie dimon describing the to throat cancer has taken on him. >> it was tough thing. i had exceptional doctors. i did exactly what they told me to do. but on december 4th after all radiation chemo, i got clean bill of health no evidence of cancer in my body it is a very good sign. obviously i'm monitored the next three years so it is not definitive so as good as it can be. melissa: got quite a tan going as well. >> i will say this the cancer he had is much more invasive than people -- jamie came out sad i will beat this we didn't harp on the story but throat cancer, i know people had it very difficult thing to go through. melissa: yeah. >> i think he made the right choice disclosing it. i think it was a disclosable event. you're a ceo -- i remember when
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i covered bear stearns during the financial crisis. jimmy cayne almost died of financial crisis because of infection. >> smoking so much. >> started out at urinary infection and his body almost shut down. bear stearns did not disclose that. i think that violated securities rules. he did letter of the law by telling people i'm sick, i will get through it. >> by the way would you say he is the best bank ceo out there? >> by far. i have a lot of respect for james gorman at morgan stanley who has done a terrific job with morgan stanley but jamie dimon runs the most different cut company out there the real question for him goldman sachs put out the report said they were better off broken up, can he really manage this multiheaded monster which is -- >> the point is what scared a lot of shareholders could anybody else manage it? >> no. >> and that is the answer. >> probably not. >> the answer is no, that is why everybody is so glad he is back and good shape. melissa: move on to a fun story. one delta passenger gets fly all
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he wants to alone. the brooklyn man tweeting a picture of his private flight to new york after the rest of the flight was rebooked because of delays. poor him, he got to the airport late. couldn't get on another flight of the plane swung back to the gate to get more passengers but there were two of them. we're sure he still had plenty of room to decline of the flight was delayed, delayed, he was in hotel nearby. kept saying it was delayed. didn't come to the gate. everybody else was there so they got rebooked somewhere es. he ended up going out there only one. >> 2014 was a spectacular year for airlines. the stocks just went up southwest was up over 100%. bob doll and a couple other people called it a year ago but what a crazy industry. would you want to invest over several years in an airline industry has this possibility of things happening? it is scary. melissa: look at markets again. look at that we're down 100 points. we're really sinking here this really happened since the top of the hour. we dropped off this cliff here.
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steep declines. we were up 278 points earlier. >> you know what charlie brady sent me? a chart of when other period in the past few years when we had all these 100 points ups and downs. the last period when this happened, a cluster of these 100 point declines and raises couple times, 2011, just before the market found a bottom and began to take off. i don't know if that is what this signals but -- >> what federal reserve will do with monetary policy, that's true. >> that's a great point. if they continue to keep interest rates low, i mean, what are you going to do. >> if anything, might give renewed strength to the markets that interest rates will keep low. melissa: talking to lori rothman down on the floor of new york stock exchange for us right now saying a lot of this is about a flight to quality yields tanking gold up. there is some fed talk out there right now. low oil may delay the economy's return. potential. >> which means keeping rates lower longer. >> which means that the next trade here could be up, depending what the fed says.
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if you're playing the market. that is essentially -- melissa: keep an eye on it. thanks to all of you better late than ever. >> i'm sorry. >> dramatic walk-in though. he loves the dramatic walk-in. >> i'm like the post office, through rain sleet, snow, cold weather i will come to the set. >> get the violins spoke going baby. melissa: not over yet. wage rate still across the nation despite wage hikes in a dozen cities. new pledge to safe humanity. why some of the most powerful mind in the planet want to limit research into artificial intelligence. more "money," lots of answers coming up. ♪
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the u.s. with new hot spots emerging in 2015. los angeles, louisville, new york philadelphia, washington, d.c. and portland, maine, where i worked for minimum wage when i got out of college, all battleground for proposed wage hikes this year. here to discuss it all, rich lowery, editor of "national review" also a fox news contributor. david and jamie are back as well. rich, are you surprised to see this? los angeles, new york, d.c., i can imagine that but seeing it spread to louville kentucky portland, maine. >> you had referenda even in red states pass this election. one of the few bright spots for liberals in the 2014. the fact is this is a very superficially appealing policy. and the victims are entirely invisible. it is impossible to organize people who didn't get hired because of a minimum wage. so makes the case against it very difficult to make. >> i would disagree a little bit. i agree with your first part, it doesn't work in terms of jobs.
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it's a jobs killer but you can see it. michigan raised its minimum wage and michigan already seen results. "wall street journal" had a terrific piece about this one restaurant in michigan. a non-profit restaurant. melissa: we had them on the show, david. >> they employed former drug addicts and everything, they had to close as a result of raising minimum wage. so we actually do see examples, clear examples of how this doesn't work. melissa: one and, i mean even then you're like -- >> ask the man. >> looks good on a bumper sticker, but to rich's point the secondary and tertiary effects are incredibly painful. chicago raised minimum wage to $13. already 90% youth unemployment. we have a whole lost generation of young people that never learn the skills. melissa: well if this largely falls on deaf ears. look at los angeles for example. mayor eric garcetti supporting a $13.25 minimum wage. labor groups are mad at him. they want to push for $15.25.
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we'll listen to mitch mcconnell on capitol hill. >> areas where we can make some bipartisan progress. obviously the president wants trade promotion authority. i think that is something most of my members think is a good idea. without tpa, of course it would be no trade agreements so we think trade agreements are good for america create jobs and opportunity for our people. cybersecurity, the recent events certainly underscore the need again to tackle cybersecurity. it has been very complicated, with a lot of different jurisdictional crosscurrents here in the senate. we're going to make another run at breaking through that problem. and getting something that the president can sign. he also indicated he is working towards sending us an authorization for the use of military force. i think a good starting place is for him to tell us what he wants
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and to provide the initial document off which we would work and my feeling is that going to get that sometime in the near future. with that let me turn to my colleagues. >> well, for the first time in 10 years -- melissa: all right. so that is listening in after that bipartisan meeting going on capitol hill. you heard mitch mcconnell coming out. what do you make of his tone david? >> once again they're trying to put the best face on something i think this is just for show. mitch mcconnell just said that we hope to put something on the president's table he can sign. he is not going to sign anything unless it is something totally superficial just for show. when it comes to keystone pipeline, when it comes to meaningful tax reform, when it comes to meaningful changes in obamacare, forget it. melissa: do you think that is fair rich. >> absolutely right. they have to sound bipartisan and a few things are minor and important like trade promotion
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authority. the bold things republicans have been promoting willing not get through the senate because harry reid will filibuster them and even if they get through the senate president obama will veto them. melissa: if they can't do anything, that is good, right? >> it has been great since the 11th congress moving into the 112 because some bad things didn't happen. this 30 hour, versus 40 hour on the health care law. if we want to give american workers, people in neighborhoods a raise make full-time 40 hours. we're disheart inned to hear that the president threatened veto. we hope that is negotiating tactic. that will help people. melissa: that is one of five vetoes he threatened so far. hackers threatening the u.s. military on twitter but why does the government even have social media accounts? they're on pinterest! that make no sir sense. wait until you hear how much money goes to the pentagon's pinterest account of all things.
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truth hurts and sometimes people are down right mean. jimmy kimmel presents mean tweets, the college football edition. do you ever have too much money. >> lou holt looks like a creepy ven trillion quest puppet and sound like daffy duck. >> mark hello fritsch looks like a ninja turtle. >> tim tebow is not cute, sexy or hot he ugly. sorry about it. y'know what my business philosophy is, reynolds? >>no. not exactly. to attain success, one must project success. that's why we use fedex one rate®. >>their flat rate shipping. exactly. it makes us look top-notch but we know it's affordable. (garage door opening) (sighs) honey, haven't i asked you to please use the.... >>we don't have a reception entrance.
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melissa: they are the champions, ohio state coming out on top winning the first championship became for the college football playoffs. the event scoring record ratings for espn becoming the network's highest rated broadcast ever. here now are j.t. "the brick" from fox sports radio and steve you will nick a sports attorney.
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welcome to the show. espn paid $7 billion to have this game back if 2012 or these games. what you do i think? was it a good deal? does the like like it paid off? what do you think, j.t. >> it wasn't that big after risk when you look at it. it was a slam dunk the highest rated program in the history their network t was easy to build momentum behind this it was kind of like a reality show they built up over a couple of months and ratings delivered and fans absolutely loved it. so i don't think it was that big after risk but returns were amazing. reports of a million dollars a commercial for this. melissa: right. >> so espn deserves it. they hit a home run. melissa: steve you're a ohio state fan. are you still drunk? are you okay? >> i love it, i'm from the state of ohio. huge for the state. can't be happier. melissa: yes. we're talking about a million dollars for an ad. $4.5 million to get on the super bowl. what do you think is better deal? >> realistically this was huge
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win not only for espn but sports in general especially the college sports for fans and everything. i mean you have four historic programs that came and there was one huge nominated and won in ohio state that actually won there and i think this is great for the game of sports. melissa: yeah. j.t., what do you think, which is a better bet? if you're pepsi or coke do you pay a million dollars to be an ad in last night's game or 4.5 million on super bowl, which is the better deal? >> that is a great question. as of right now i would want more value being involved in the college football playoff because there is tremendous upside of the numbers are enormous. remember the super bowl has a 49-year head start on the college football playoff. i tell you the big topic listeners are talking about on my radio show are the fact that the players now have to get paid. i never believed this years ago but when you're talking about a million dollars a commercial and 7.3 billion to buy this, last night the players own their room and board and scholarship
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and a small stipend they didn't get any money. everybody tuned in to watch the players, not referees and broadcasters. melissa: no, that is an interesting question. in honor of the game, sports broadcasters had mean tweets courtesy of jimmy kimmel. i love this, listen. >> braidly hoke is proof that fred flint stone would be a terrible college football coach. >> it is 6:03 a.m. and brian kelley is still an angry help leprechaun looking [bleep]. that is all. >> lee cores sew looks like a puppet from crank yankers show. who the hell is crank yankers? i never heard of that. melissa: i got to say i always loved these because people email and tweet and facebook to little people like me that are so mean. you're sort of like, we are actually reading this and i am a human being. pretty funny to see the actual humans reading it. somebody pointed out, the reporter heather cox has a great porn star name. >> she does. she does. melissa: wow that is the not
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first time i heard that. what is your take on all this? a lot of fun. >> i think it's a great thing to see social media incorporate with just every single person out there in america. i think it's a huge and i think it's a great win. melissa: even when even when the hurting everyone's feelings it's a great win. thanks to both of you. a lot of fun. a few stories on our radar. former nfl star rob konrad sharing an amazing story of survival or swam 16 hours straight in shark-infested waters wow, after falling off his fishing boat nine miles off the coast of florida. measles outbreak tied to the disney theme park getting worse. seven new cases turned upbringing a total of 26 cases across four states most patients visited disneyland in mid-december. candy fans, brace yourself. cadbury switching up the recipe for those easter holiday
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favorites. the shell of its creamed eggs will no longer be made with the much-touted dairy milk. they will use regular old milk chocolate. >> i stick with the peeps i was never a big cadbury fannieaway. look out gopro apple some cog for you. the announcement has the camera-maker's stock diving. a couple of nba players forget the advice of their mothers. use your words, not your fists gentlemen. "piles of money" coming up. ♪ cal of sure things. why's that? look what daddy's got... ahhhhhhhhhh!!!!! growth you can count on from the bank where no branches equals great rates.
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so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees from the bank where no branches equals great rates. >> president obama now turning his focus to cyber security. he is said to speak about 30 minutes from now.
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meanwhile, the pentagon ordering all social media accounts for the secretary of defense to change and strengthened their passwords. what a thought. frank or not do they really need a twitter, it used to and interest account? it has an online presence that has become an online target. thank you for joining us. why do they need a pinterest account? does that make sense to you on any level? >> they do not need any social media accounts.
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primarily, originally for families to serve as a way of keeping families in the loop of what is going on. we are very much opposed to the expansion. they can stay in touch. there are all kinds of ways of keeping families in the loop without exposing themselves. melissa: it seems to me that there is so much downside instead of upside. the department of event having an instagram account? it feels like they are trying to have a positive propaganda tool. >> absolutely. we analyze websites. we found that the use of social
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media is something that needs to be accounted with a network of other social media sites. i think that these twitter account and facebook accounts are not just for keeping in contact with families. they are part of an effort to cancel the propaganda. they are an essential part of the combating of their ideas. melissa: it does not seem like it is and what has happened. much outweighs it on the isis side did that idea from a security point of view. it is so easy to hack twitter. that seems like it is a real danger. is it not chris? >> the real data is not accessible from the twitter account or the other social networking accounts. my argument is not that
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terrorists and activists and radicals do not need to be counted, it is just not a core responsibility or capability of the u.s. government. melissa: six terror suspects connected to last week still may be at large. without a doubt accomplices in the attack that left 17 people dead. an additional 15,000 security forces. the races on race is on to find the terrorists before they can strike again. how dangerous is this? what should we be doing about it? >> yes, i am sure that the u.s. is assisting. it is very, very dangerous. these people could be anywhere. they do not need to show their travel documents and mainland
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europe. these people are terrorists and are prepared to kill. i think that if they -- they need to be found as quickly as possible. >> thank you to both of you gentlemen. the dow was up. it was up 278 points. we were down about 65 points. let's go to lori rothman on the new york stock exchange. >> you have been reporting this for weeks. months, if you will. down four tenths of 1% when all was said and done. copper down now about four and a half percent. also, some concern about the ecb
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monetary policy. a lot of rumors. a lot of talk. back to you. melissa: thank you so much. seven years and counting since the start of the recession. while most of america is still lagging behind. a sad visit to heartbreak hotel for elvis fans. how garth brooks took just one crown from the king of rock and roll. at the end of the day, it is alle nc about money. ♪ it's why edward jones is the big company that doesn't act that way. if you take multiple medications, a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse spray or gel so there's moisturizing relief for everyone. biotene, for people who suffer from a dry mouth.
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go national. go like a pro. ♪ melissa: i am melissa francis with your fox business brief. go pro shares sinking right now. apple may be making a similar product. the filing even mentioned go pro by name. products are using an inferior technology. how rude. shares of google pack of today. the stock is said to be fast approaching fair market levels. woody allen is teaming up with amazon for the first ever tv series. a postseason that will premiere on time instant video.
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asking for more money after cashing a $975 million check. yes. the former couple marital state is worth $18 million. i do not know. garth brooks topping elvis presley. now sold 135 million records making him the top solo artist in u.s. history. more than 3000 counties in the u.s., only 65 have recovered from the recession. sixty-five. one in 50. let's bring in john lonn ski. rich lowry is back as well. looking at this in terms of jobs, unemployment rate, economic outlook and home prices. what do you think about this? what is your take?
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>> thinsulate 2007, we have created more than 2 million jobs. the ratio of new jobs created to americans of working age only 25. we are still doing worse than we did. melissa: a lot of people would say that it is all about real estate. >> that is a big mistake that we made back in the previous recovery. we fail to recognize that employment income was slowing down. jobs growth was slowing down. we were foolish to keep boosting real estate prices higher for a while. melissa: absolutely. of the counties that have recovered, 24 are in texas and
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16 in north dakota. they are driven and oil. this makes me really nervous. the pad news obviously it could hurt the industry and workers specifically and that industry. what i take away from this survey is how deep and pervasive the recession was. we talk about the disconnect. still, people feeling sour on the account of me. this survey points to the reason why. people still are not fully feeling it. melissa: people that had one good paying job with benefits. >> that is so true melissa. family incomes have been declining in the united states. that tells me the purchasing
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power is shrinking. the loss of quality jobs help to explain why. the hourly wage grew by three and a half% annually. by the final quarter of 2014. that rate was less than 2%. gentlemen, thank you to both of you. melissa: two very tall man decided to get into a fist fight. kevin garnett and white howard of the rockets. they have a combined 525 pounds. he had to be restrained by security. not an easy job. the nba expected to hand out major fines for this one. not nice boys. let's check in with the last hour of trading. liz: we have this story.
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we will gain a new story. the rumor that he will get rid of his $200 million stake in the nets. we are looking at that and the cyber attack that melissa was just talking about. whose fault do you think it is? the twitter account was hacked. why does this matter to you and your money? we have that and so much more. we look at the global landscape. the world whose hands will be a molding it? that matters to your money. we have squandered the rally that we had earlier. melissa: you are right. it happened before you came on board today. liz, thank you very much. third teen-year-old.
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their faces. pope francis is kicking off his weeklong trip to asia. he canceled a meeting with the local fish out. traveling in an open top car with no protection. landing and saudia arabia. a humble snowman. a rare snowstorm in the north of the country has people running into the street to play. forbidden to make statues out of snow. who knew. i had no idea. 113-year-old still making waves in the fashion world. one of the youngest ever people to present a collection at new york's fashion week. her clothing line has been
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picked by nordstrom for a second time. thank you for joining us. last time we had you on, it was very exciting did you did so well. you also have your in a ward next to you. one of 25 of the nation's top influencers. you were the youngest person on the list. this is amazing. has it gone to your head? >> no. definitely not. i met so many inspiring people. i had just an incredible time. it is so amazing. raising money to give scholarships to students that are interested. melissa: you are in college. >> yes. what is the feel of it? >> berry street.
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melissa: do you think that you are offering something that is not in the market place? i think that makes it unique as well as. i always incorporate my art into my collections. >> to you think that that is one of the things that makes you a success? you are that age as opposed to people my age trying to design for people your age. >> i definitely think that it gives me an advantage. i know what i want to wear. melissa: if i were a parent of someone your age, it would be hard for me to say that they should necessarily go out and follow in your footsteps.
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it is hard to be successful. what you have done is unusual. >> i would say that it is really important to follow your dreams. your dreams really are the limits that you set for yourself. my advice that i would give is just learned about all the different aspects. it is a big industry with any different aspects geared. melissa: okay. thank you so much for coming on. >> thank you. melissa: no more summoning the demon for them. pledging to rage in artificial intelligence research. ♪
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hawking joining the thousands of scientists and researchers pledging to protect us against artificial intelligence. a new open letter from the future of life institute vowing to put as much research into protecting us against artificial intelligence as it does advancing it. rob enderle joins us live and in studio. it's wonderful to see you in person. >> i am. no a.i.'s taken me out. melissa: no, it's just a matter of time according to stephen hawking. is that too dramatic? >> well the foundation which i belong to has a service called the a.i. shield which was candidated anticipating this about five six years ago. the problem is when you create another intelligence that other intelligence could come to the conclusion that people are more a problem than they are part of solution -- melissa: i come to that conclusion all the time so that makes perfect sense to me. >> you know you watch the wars the weapons we develop and an a.i. might come to the conclusion that the best idea
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would be to get rid of us. melissa: you could control it while still creating it? >> well, asimov anticipated this with his laws of robotics. if you build large intelligence systems that are intelligent you don't build in these kinds of restrictions, then the problem is not only could it be hostile, but somebody could misprogram. so imagine a weaponized drone with atomic weapons, instead of buzzing over skies, it bombs new york. there have opinion protections that say okay -- there have been protections that say, okay these things can't attack humans. melissa: you don't want it to smart that it didn't undo the technology you put in to control it. >> or make sure people don't become the threat to the a.i.. but tough to think through -- you have to think through the process because if you don't, a mistake, an omission, a goof couldened -- could end up on us
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being history. melissa: what a great note to end on. we appreciate it. the market right now is down 118 points sinking even more in this hour. you don't want to take your eyes off of it. i do hope even still you are making money today. in the meantime, countdown starts right now. liz: nobody should take their eyes off us because it is day two of wild swings in every major index. we start with the dow, taking off this morning even as oil slid to near six-year lows. at its strongest moment the dow was up 283 points. where'd that go? and the s&p 500 had been up 28 points. right now both indices have given up all those gains and more. dow jones industrials getting slammed, down 117 points. don't say we didn't warn you. just yesterday jamie copse warned on "after the bell," folks, this year will be volatile, get ready. so far he's right. out of the eight trading days so far, we've seen six
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