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tv   MONEY With Melissa Francis  FOX Business  February 2, 2015 2:00pm-3:01pm EST

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lori rothman sitting in for deirdre. time to pass the baton over to melissa francis. melissa: thank you so much. he has a pen and phone and still got the big fat checkbook of the president unveiling his megabudget. he will add $6 trillion to our national debt. perfect. guess who will pay that off? young people in this country more burdened ever before. they're making thousands less than their parents did decades ago. speaking of big budgets? how about the price tags of super bowl. most of that money spent depressing us. we'll dig into that one. good luck getting back from the big game. dangerous weather in some parts of the country causing travel chaos everywhere. even when they say it's not, it is always about money. melissa: the $4 trillion budget. president obama unveiling his proposal today, saying the country can afford the hefty
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price tag. >> since i took office we have cut our deficits by about 2/3. that is the fastest period of sustained deficit reduction since after the demobilization at the end of world war ii. so we can afford to make these invests while remaining fiscally responsible. melissa: hmmm. interesting considering the white house expects it to add $6 trillion to the national debt over the next decade. let's bring in today's panel. james freeman "wall street journal," todd starnes, fox news radio. john lonski, moody's chief economist. can we afford this, no problem. >> maybe you can afford it today but as you look forward for funding demands with forthcoming retirement of baby boomers pressure being placed on medicare along with us, the unknown costs of the affordable care act, never mind the possibility of another
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recession, no, you can not afford it longer term. melissa: james, i don't even think we can afford it today. >> just to be clear, this white house math you need to translate a little. what we've done a great job of deficit reduction historic, what leaves out that first year of '09 with the stimulus was highest deficit since world war ii. so the fact that -- melissa: using that as base. >> gave us four straight years of trillion plus deficits. now half a trillion any other time would be considered horrible and irresponsible he is taking credit for the reduction. but no entitlement reform in this budget. so when we talk about future problems, no effort to fix them along with all the spending. melissa: no, todd, he is talking about taxing u.s. companies on overseas profits saying they should be paying their fair share. i love it when we say things like that. we're one of only countries in the world that wants to do something like, tax companies on overseas profits. basically unheard of around the globe. >> that's right. you hear the president wants to look after middle class.
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middle class incomes under this president have gone down $4,000 annually. this is very troubling time for american families. melissa: yeah. >> quite frankly i don't any anybody is looking out for the working man in america. melissa: meanwhile, "hail to the chief." nbc asking really tough questions during super bowl interview with president obama. >> we make beer, first president since george washington to make some booze in the white house. let's taste it. it has been well-reviewed. >> football or basketball? >> i'm still a basketball guy. >> i love basketball. >> that's tough. i'm going chips and guac i'm a fanatic about guac. >> hillary clinton or joe biden? >> love them both. melissa: makes you long for glozell. >> for the record, here do history. the president still thinks we
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have 5states. president, washington did not live in the white house. mr. president, let's do some history there history research. here is the issue i have. aside from the fact that you're right, glozell asked more hard-hitting questions than savannah guthrie did, bigger issue and president and image he conveys. he is hoisting and zipping a glass of organic honey ale with pinky finger extended. what kind of message does that send our enemies. melissa: don't you do that. >> you knew it would be pumpkin or honey flavored ale. melissa: had that feeling. >> broadcast history, with fox on the game last year, o'reilly asked him about the irs asking him about the rollout of the health care website. so, yeah big contrast in the journalistic coverage. melissa: not guac versus wings? you don't think that is presidential? >> great example of not wasting your time watching pregame shows, perfect example of it. melissa: absolutely.
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>> can i ask you this? did anyone else notice the savannah guthrie female anchor decided to do interview in a kitchen. what sort of optics with the war on women? melissa: i love it. ratings record for the super bowl, not the interview super bowl itself. dramatic finish helped score highest overnight rating in history, up 4% from last year. if you lived through that interview at inning beginning, i watched parts of later all i could stomach. the game was phenomenal. james. what did you think? you loved the game? >> until the end. melissa: you saw you in the hallway. looked a little bitter. >> i'm a little bitter this is basically the greatest team in the last 15 years. now caught twice breaking the rules. you could argue about intent. argue about who was it? was it the equipment guy or whatever? i don't think -- melissa: the lone wolf ball boy in the bathroom. >> on plus side, did you see katy perry straddling the mechanical lion. catch the nuance on field.
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she was parading through a field of inflated balls. i don't know what that means. melissa: john lonski, you want to try to top that joke? >> you have to admit katy -- patriots deny any wrongdoing. melissa: counting a break. totally ignoring inflated balls. >> eye of the tiger. >> nobody disputes the inflation of the balls. melissa: something serious here. oil staging a rally up third day in a row. shockingly crude's longest winning streak more than five months. john, you're on solid ground. >> you have really cut back on rig count in the united states, down 20 or 30%. capital spending by oil companies is dropping. so follows that oil prices begin to move higher. melissa: a lot of people talking about strikes going on at refineries around the country. surprising to see crude rally in the face of that. normally, means less demand for crude oil so crude would fall if refineries are on strike,
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could be bad news for consumers, right, james. >> i think john is solid on every topic for the record. we could see price rises here. talk about some reduction in drilling in north america. of course if strikes threaten production that will make the price go up. melissa: this is a big story. tale of two groundhogs today. punxsutawney phil seeing shadow this morning seeing six more weeks of winter. the groundhog of my record staten island chuck, we he is predicting winter. we don't know who that is. mayor de blasio killed staten island chuck when he dropped him off his head. it was his sister charlotte. this is where he killed oh. so the groundhog died late they're night. new replacement this year was safely in a glass box to make sure that it didn't get killed by the mayor which was really smart move. i would hide in a glass box.
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>> my ground hog is general beauregard lee. melissa: i'm sorry, who. >> general beauregard lee. are you not familiar with this? everybody below the mason-dixon line looks to general lee. you have yankees and southerners. melissa: you think it is over? >> i think so. >> is he afraid of mayor de blasio? does know about the murder that happened last year? >> i think he does the ground hogs are known as yellly bellied mamets, not biblical sense of the word. melissa: are you making this up. >> no, i'm not making this up. melissa: you're making this up. >> melissa i'm night making this up. melissa: who is this guy? what? you want to try to -- >> phil has never been afraid to go against the grain on his picks. he is out there with a bold call. melissa: which yellow belly, are you on the side of, john? >> traditionalists. punxsutawney phil without a doubt. i'm still confused.
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does he see his shadow? melissa: everything todd said confused me. i love it. thanks guys. better grab -- >> i'm honored. melissa: more snow on the way, just in time to ruin your monday. plus getting under your skin, the new technology that is opening doors for workers. more "money" coming up. ♪
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here's your invoice, ladies. a few stops later, and it looks like big ollie is on the mend. it might not seem that glamorous having an old pickup truck for an office... or filling your days looking down the south end of a heifer but...i wouldn't have it any other way. lo ok at that, i had my best month ever. and earned a shiny new office upgrade. i run on quickbooks. that's how i own it. melissa: nothing snaps you out of super bowl haze like being stuck in the airport in middle of a snowstorm. wicked weather across the southeast leaving thousands of travelers stranded. fox news's rick leventhal in laguardia in new york. first, fox business's jeff flock is all bundled up in indiana. jeff? >> i get all the good time stuff, melissa. snow, big snow, last time i talked to you maybe it was the cold although not so warm now.
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we had blizzard conditions across much of the midwest over the weekend. you see what it has wrought. look at all the snow. chicago had fifth largest snowfall in 24 hour period in recorded history. this is the lake michigan lakefront. you see it. looks more like alaska. a lot of snow fell. fortunately it has just now within the last two hours moved off the lake effect we had out here. it is now back to, well, almost a little bit of sun peeking through. but a lot of snow left. about 18 inches in chicago alone. a lot of drifts, even higher than that. good times in the midwest melissa. melissa: whoof. thank you so much. rick, how is it looking at the airport? >> it's pretty crowded with people trying to find assistance. these lines behind us are not for flight. they're for customer assistance for american airlines. laguardia among the worst nationwide with 604 flights
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canceled today alone, scheduled in or out. the number nationwide, much larger, 3500 coast to coast. if you add in yesterday and tomorrow, more than 5,000 flights. we show you the board here. you see a lot of red up there all the canceled flights. those are arrivals. if they don't arrive they can't load them up to send them back out. newark is bad. almost 600 flights canceled there. jfk, 140 flights canceled in or out. weather outside is pretty bad. it is snowing and mix of freezing rain all day. the conditions are expected to stay bad. this ripple effect is extending across the country including arizona where 80,000 people were trying to get home. that was busiest day at airport ever. hundreds of flights canceled or delayed last night. a bit better today. 27 cancellations. there are worst places to be stuck than phoenix, 74 and sunny. snowing pretty hard in new york.
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should be bad through tonight. cancellations and delays continue through tomorrow. melissa: rick leventhal. thanks. get back inside jeff. get back inside. thanks. poor guy. exxonmobil leading the highs on the floor of the new york stock exchange. nicole petallides is here. >> tell jeff not to freeze any longer than he needs to. we're looking at oil at 49.23. oil is gaining for the third day in a row. we haven't seen that since august. with that energy shares doing quite well. names such as exxon and chevron are leading the way on dow jones industrial average. some of the other big movers including transocean and apache have been great reformsers. interesting to see how with the strike we've been seeing with the united steelworkers union and the like how that may affect gasoline prices on the rise as well. so there is certainly a lot all intertwined together. energy a bright spot here on wall street. back to you. melissa: nicole, thank you so much. a few stories on our radar.
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netflix is raising a billion dollars as it fights to keep the top spot in the video streaming market. part of the debt will fund deals for content and potential acquisitions. in d.c. a would-be white house intruder is in custody after trying to scale a bike rack. the temporary bike rack was in front of the main fence but the man didn't even get that far before secret service agents arrested him. >> well super bowl monday and haven't you heard nearly 1 1/2 million people are calling out sick the day after the super bowl. i want to hear from you. what are craziest excuses for skipping work? maybe you used them yourself. follow me on twitter@melissa francis or facebook at melissafrancisfox. we'll read them later. new warnings from the cdc. measles cases climb to highs not seen in decades. what you need to know about the controversy at the heart of it. young, beautiful oh so
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broke. why you did have it easier than your kids do now. more "money" coming up. ♪ i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning.
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24 hours. zero heartburn. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.
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melissa: bringing in more than $10 billion and could be announced as soon as this week. you see the stock is up. from the u.s. to every corner of the globe money is flying around the world, starting today in spain where thousands of people took to the streets for anti-austerity protests. some people there are so angry at high unemployment and budget cuts they're supporting a radical leftist party. sound a little like greece.
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over to croatia where the government wants to pay off debt of poorest citizens. 60,000 people will be given a fresh start. those eligible have debt under $5,000 and they have no savings or property at all. landing in sweden where one company is putting microchips in their employees. the chip gives them access to different services locations within the buildings. you even need it to use the photocopy machine of the company insists it is completely ethical and the chip is no bringing bigger than a grain of sand. nothing scary about that. centers for disease control issuing a grave warnings on spread of measles that we could be on the quote of a large outbreak around the country. already 102 cases have been reported in 14 states. more than half of those linked to the cluster at california's disneyland. here now to discuss it is dr. devi. assistant professor at nyu
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school of medicine. dr. devi, break this down for me. how dangerous is it for folks out there? are you safe it if you had your shot? >> you're not totally safe if you had the shot but that is the best option. generally speaking the measles vaccine is pretty effective. some people don't get the measles vaccine right? people under age one babies too young to get the shot. so they're always at risk. you also have folks who are older. say they have some problem with their immune system whether cancer hiv diabetes. they might have had vaccine but still a little bit of risk. melissa: so everybody, in the newspapers, this is huge in the media. blaming it on this trend in parents who are not getting their kid vaccinated because they believe it leads to other problems. is it fair to blame this outbreak on folks who are not getting vaccinated? >> i wouldn't blame them but there is combination of factors. in other countries for example people aren't required always to get the vaccine. so you have foreign visitors who
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come here who might have had measles. they can spread it to other folks. at disneyland that is international destination. so that's why it probably started there but fact it took hold in california is probably related to those folks who opted out of the vaccine. melissa: let me ask you before you go. parents say they have the right to decide whether or not their kids will have these vaccines. there are certain schools you can't send your kids to unless you have the vaccine. for parents that do it is the science on their side? >> the science is not on their side. most people are not opting out because they're concerned about autism and other things. the science is against all that. they opt out because measles was eradicated. they really need to get another shot for their kid so they have these other issues. but the thing is, even though measles was technically eradicated in 2000 it is back. when they choose not to get the vaccine they're actually not only putting themselves at risk for the kids but putting people around them, even if they had vaccine people could still be at
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risk. melissa: dr. devi, thank you very much. appreciate your time. >> nice to see you. melissa: measels outbreak giving clash between the white house and gop governor. president obama emphatically saying that you should get your kid vaccinated. new jersey governor chris christie should quote make room, with balance for parental choice. james freeman and todd starnes are back with us. as soon as politicians weigh in you know it is becoming a big issue. interesting that governor chris christie wants to balance with parental choice. todd where does that position him? >> the governor's office are walking statements back. >> good. melissa: really? >> i think this goes to the heart of the issue with people like chris christie among conservatives and the republican party. they're concerned that governor christie wants to take rights away from mom an dad and give them to big government. that is a growing concern in this country. melissa: so he is coming out saying exactly opposite to make sure people understand he is saying it. >> that's right.
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melissa: what were you going to say. >> the president is right. this is not issue of big government. this is basic social responsibility of the measles are much more contagious than the flu. we didn't talk before with dr. devi before we had vaccines, hundreds of thousands of people died because of these diseases like polio. if it comes back they're going to be deadly. there is no scientific argument not to vaccinate. so, i wish christie had been stronger when the question came up. it is good if he walked back no you ought to vaccinate. melissa: thanks guys. mcdonald's using super bowl ad to bring families closer but based on social media response maybe they should stick to making fries. all the nachos and six-packs seemed like a great idea last night, didn't they? today you're victim of super bowl flu. most popular day of the year to miss at work. we're bringing you all the lamest excuses. did you sick out today? are you watching from home?
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smart money coming up. ♪
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♪ melissa: you did not see it, that patriots aren't new super bowl champions. seattle lost out on a big financial boost as well. rich ed and is crunching those numbers for us. >> charging more for ticket, richard dice and add space. the patriots can expect a bump in franchise value. but it is considerable. the team is worth more than two and a half billion dollars.
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last year after winning the super bowl, forbes put the seahawks value at nearly 25% more than the previous season. one sales expert says the patriots is an established franchise. they can easily capitalize on this when. >> the smaller market teams have to get a lot more dynamic and creative with the way they move tickets after a super bowl. anywhere between eight and 10% between overall ticket rising here it. >> predicting more sponsorship offers. more advertising for companies looking to align with the winning rant. melissa: thank you very much. we laughed, we cried, we cringed. plenty of winners and losers. james freeman is back as well. what was the deal?
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everybody is talking about it today. i was watching it live on my couch. everybody on my couch mouth dropped wide open. nationwide. what are they trying to tell us? that we should insure against this? help me. what was the idea behind this. >> i do not understand that either. deciding to be the buzz kill. i heard somebody talking about obama's budget. if you want to be a downer -- melissa: my four year old looked up and went, what? >> manage to scare my children
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are in the super bowl. thank you very much. >> right. let's move on to make donald. their pay with love at. i am not so sure that was great. all you have to do is call your mother and tell her how much you love her. if mcdonald's asked me to dance for my food, i am storming out and going to wendy's. make donald responded to our producer. we have other options if you don't feel comfortable. we want this to be fun. what did you think of this one? melissa: you like it?
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>> definitely trying to hard to be adorable. i think it definitely brought a smile to most of the people that i was watching it with. >> i see what you mean. i thought it was a compelling story. at the end, it made a good point. childhood accidents. >> tell me what you think of make donald. >> curious why they did not partner with super bad. what could go wrong with that. think about all the people that will call their mother and then start arguing. now, you get a free hamburger. now, you call me. >> that is good stuff.
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i loved the avocados at. a polar bear hoping for something with beaches. instead, they've dropped the avocado. avocados from mexico is supposed to be a nonprofit marketing organization. >> they probably will not sell an awful lot of avocados. this goes to the distribution chain. california has owned that product. now mexico is looking for the opportunity. >> they are supposed to be a nonprofit group, this group from mexico. we've got to go. the past is in the past, and less you are into politics.
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kanye west may be the only person in the world who is not happy at a waffle house. look at how miserable he looks. i guess these aren't his thing. at the end of the day it is all about "money" and waffles, at far as i am concerned. ♪ the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers.
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melissa: i am melissa francis with your fox business brief. report say that google and microsoft have been painting off a german ad blocker which stop ads from showing on the website. blocking tech allergy could be seen as a threat. yeah i bet. manufacturing fell more than expect it last month. anything above is good. the index has now weakened for the third straight month. apple stores will now have faith to protect its new line of smart watches. thousands of dollars. keeping them top the way in the back. that is the latest from the fox business network. giving you the power to prosper. ♪
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melissa: president obama rolling out his new budget proposal for 2016. a controversial corporate tax reform. our own peter barnes is that the white house. nicole: the president wants to spend 1.1 million in discretionary spending. about $75 million in additional
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spending. he wants to blow through the sequester of 2011. he is also looking at raising capital gains tax rates. limiting tax deductions for wealthier families. half a trillion dollars in new spending on infrastructure and highway and bridges. a tax on profits of u.s. companies overseas. this is all a dead on arrival. the mayor will be proposing their own budget. melissa: things just as usual. perfect. thank you very much. a new poll from the des moines register shows walker leading
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the way. 15%. senator randy paul right on his heels with 14%. mitt romney called it quits. >> it is his neck of the woods. when you really step back and look at scott walker and his story, this guy really could be a contender. i am excited to see how he does. >> what do you think economics would mean for the country. >> it has been excellent from the viewpoint of the markets. neighboring eleanor white that premium is over $190. he has done a great job. melissa: that is a wonderful
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point. he is more credit worthy. >> he knows how to run a government and how to grow the budget. that is something that a lot of americans want from washington. melissa: that is a good plan. testing the series that all press is good press. classmates alleging that bush was a heavy pot smoker and at times he was even a bully. that is the worst thing that you could pay about a child right now, that they are a bully. >> it is not like he was sitting in his dorm room smoking crack. the guy was smoking pot. maybe he pushed around a couple kids every now and then. they did the same thing with mitt romney. the double standard here.
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the mainstream media go after the republicans. melissa: high school. i am so glad i did not do anything that in high school. >> neither did i melissa. we all tell our children not to make the mistakes we made. that does not make us hypocrites. melissa: the rest of the country, though, they had no idea who he was. a 63-year-old nurse. "i enjoyed american politics, but i have never heard of him." they are abusing from afar. those american politics. i do not know who this joker is. >> well, it is not surprising. he has not done that rate of a
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job controlling new jersey's budget. >> why should you care about him on the global stage? >> here, he is an anomaly. >> that is right. >> i do not know. he is trying to look like he has international experience. >> international mystery. melissa: thanks, guys. let's check in with liz claman. liz: talking about the super bowl commercials. which ones hit it, which ones did it. who one the social media show? there is a huge discrepancy between the two numbers.
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wait until you hear who comes out on top. these two experts will talk about who stole the actual commercial show. he actually has some hard data on who may have one though commercials. a very good sense of the winners they are. college students melissa you know that aar in the prime of their life. they are striking deals with universities now to make sure it that college kids have the most rom and that they need overnight. just grabbing the college dollars. they need the student body money. amazon thinks so. the direct or of student row grahams. we will be looking at the markets and asking this question of our traders. time to go to cash?
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maybe, maybe not. melissa: the super bowl going head to head. you are not alone if you skipped work today. we are all very suspicious. you can never have too much money. ♪ 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500 its yield is doing a lot better...
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>> here is who is making and losing money today. steak shaq hitting a new low.
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that is not so great news for danny meyer who has more than 7 million shares. he lost $9 million sent to. plus, looking at the super bowl. missy elliott. a streaming increase for the rapper. ms. sees it song is up more than 1300%. an overall increase. american sniper tops the box office again. client eastwood film breaking in more than $30 million this weekend. $250 million. wow. a little fun with spare change. if you are watching this show from your couch at home, you are not alone.
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bruce is back with me. the most common day of the year to call in sick. the first monday in february. it just makes sense. it is the dead of winter. and my book anyone who called in sick today, i'm sorry looks completely bogus. >> anyone that calls in sick on monday is not sick. allison had a baby on friday. roberto is injury duty. i think the rest of them, it is kind of bogus. melissa: 4.4 million arrived late. >> hung over. >> and four. the super bowl was awesome and you have two watch it to the end.
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i accidentally got on a plane. yup. me too. exactly. what are some good ones that you have heard roos? >> you do not sound sick. you are trying to sound sick. if you stayed out and had a lot to drink, stay away. i do not like your idea of coming in and throwing up. melissa: if you don't want to look -- have you ever called in sick on super bowl monday? bruce, use -- you strike me as someone that would never call in sick. >> i think they figured out when they can get the highest viewership. sunday night is a like for a lot of reasons.
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they get the highest ratings of any show in history. by the way the nfl does not care if your employees do not show up for work the next day. >> watching other nfl shows. it is a win-win all the way around. melissa: we ask what crazy excuses you have heard for not coming in for work. once i said my cat was sick. and he tweets i dreamed i was fired so i stayed home. that was an excuse that he used. a coworker once used my hair hurts. i love that one. follow me on twitter or like me on facebook. they may be beautiful, but they
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certainly are not rich. mom and dad -- at the end of the day, it is all about money. ♪
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...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. melissa: celebrities are just like us reaganite or john legend and his super bowl performance his wife joining kim kardashian and kanye west for dinner. so you think that he's more me pancakes or scrambled eggs kind of guy? so okay, colonials are making $2000 less than their parents did at their age recently released data reveals that young people basically everywhere except on the east coast and senior earnings drop since 1980. james and john are back with us.
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so it's depressing nonetheless. >> i think it goes back to the story that started your broadcast, which is you cannot go after investment and business income because that is the money that funds technology and equipment, which allows people to make more money. if you want these kids to have more salaries you have to put the technology into the workplace that will justify those higher salaries. and this includes the increasingly still always cheaper workers of emerging market countries. david: melissa: if you look at this as a pair and come it can be so frustrating watch our politicians free things out. and i want to steer my kids towards the aa a job where they can actually make money. they have to learn and they have to get out there and do the
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things that can happen. >> you want skills that can give them a lot of options. the problem is policy and yes, part of it is education. but were not seeing business gratian because we don't have an environment that lets people grow without taxation and regulation and that's really, it is an irony. >> that's exactly right, it's a sad story and that's the middle classes that have fared the worst. melissa: thank you combo gentlemen. i wanted to show you something fun. take a look at katy perry in his costume from last night. check it out i think katy perry may have brought the costume from blades of glory. [laughter] >> it certainly deserves a
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standing ovation at the super bowl. >> you have to be much more creative in the economy. melissa: my hat is off to you. john lonski. here is liz. melissa: thank you melissa, we are talking planes and trains and automobiles and markets. thousands of light now today are grounded. train service also due to a fierce winter storm that is dumping snow in ice on roads and runways up the northeast coast. we will have a live report in just a moment. and the clock has officially run out. it expired sunday morning and now they have to risk potentially millions in compensation. we will ask, how do you

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