tv MONEY With Melissa Francis FOX Business February 3, 2015 2:00pm-3:01pm EST
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rs. people haven't been able to tell. cheryl: craig, very interesting. we're out of time. fascinating technology. of course he is the founder of corgin. that is it for me, cheryl casone. melissa francis over to you. melissa: isis even more brutal than ever. it reportedly kills the jordanian hostage and president obama caught the act vicious and barbaric. as meets with his cabinet over the $4 trillion budget. they're not in the mead to negotiate. how measles turned into a campaign issue. every politician has to weigh in on the vaccine debate. even when they say it's not it is always about money. melissa: breaking news. isis reportedly releasing video of a jordanian pilot held hostage since december, being burned alive by his captors. president obama spoke about this incident a short time ago.
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>> indicates the eagree to which whatever -- degree to which whatever ideology they're operating off of it is bankrupt. we're here to talk about how to make people healthier and make their lives better. and this organization appears only interested in death and destruction. melissa: here to discuss rich lowery, editor for "national review" and fox news contributor. jack hough is "barron's" senior editor. monica crowley opinion editor at "the washington times." she is also a fox news contributor. wow, you know, it just continues. you look at the president's response. he says this ideology, whatever it may be, still not naming it, still not, monica. what is your impression? >> i was stunned to hear the president. we know he had his difficulties actually expressing what this enemy is and idea today, after this whatever their ideology
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is. everybody knows what their ideology is islamic suppression, requires conquering infidel land and that is what isis. doesn't what president obama thinks about islam, it matters what islamists think about islam. they're running show in muslim world. they're conquering territory and slaughtering people across the middle east and rest of the world. we ought to pay attention to what they think about what they are doing. we ought to have commander-in-chief who is willing to fight the war the way it needs to be fought. melissa: rich, taking back to message we're sending he was obviously there at press conference to talk about something else, he was confronted with question what was going on. he made a quick off-the-cuff statement which often times more telling because it is not prepared. he says, sort of struggling for words. at one point he brings it back to obamacare and says we're here talking about the health of our people and making people feel better and they're killing
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people. it really does not feel like you've got someone at the helm that is going to stomp out people who want to kill us. >> right. the whatever their ideology phrase is just stunning. as though he doesn't have access to wikipedia and can look people up, with access to the best intelligence sources on earth. and to contrast between the way we conduct themselves and the way they conduct themselves yes it is very telling it is very important but meaningless unless you go there on the ground and kill them. we've been bombing heck out of syria. they have been actually gaining territory. melissa: we'll move to the market in one second. it is really rallying. jack, i want to give you a second to weigh in. >> i think this action speaks to their desperation trying to find new ways to. 6,000 of their fighters dead. my stop story. five new airstrikes in last 24 hours, buildings vehicles and men. i choose to focus on that. melissa: why didn't he say that then? he doesn't talk about that. we'll get more into this a
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little bit later into the show. i want to direct your attention to the markets. we're in rally territory. we're looking at a market huge jump there, up 272 points. energy stocks leading the way. they are enjoying a nice bump of fourth straight day of higher oil prices which are on track to settle above 50 for the first time since january think. -- think. jack, let me ask your impression. >> seasonal effect from refineries shutting down from maintenance. it is not clear whether this is longer term think. i certainly don't think anything that has changed this incredible trend we've seen. melissa: i agree with you, i totally agree with you, because i see different news outlets say this is driven by the streak going on which doesn't make any logical sense. i covered oil for a long time. if there is strike at oil the price goes down because demand for oil is lower. refineries are down. price of products goes up but not crude oil. to me, bp came out saying
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they're cutting cap-ex. you see that at the bottom there. to me this feels like trader driven rally. feels like there is position they're covering or momentum. doesn't seem like there is a lot of logic. wan to weigh in rich. >> i usually don't weigh in on trader driven rallies but feels to me the price is relative blip driven by seasonal factors. again, this is something that the drop in energy prices is good for the entire economy. every player in the economy except for some of the energy producers at the march against. melissa: right. and the labor in this field. president obama set to meet with his cabinet minutes from now. headlining the agenda, trying to push through the 4 trillion-dollar budget proposal. the white house is drawing a line in the sand, with president claiming he won't net on defense spending parameters. monica. >> meet the new obama. same as the old obama. nobody should be surprised by this either. this is the sixth time we've
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done this go round. every time he presents a budget it's a political document. it is not a serious fiscal document for the future of the united states. his blueprint is always political. always designed to make the republicans look bad. look, i want to give you free community college. i want to give you free child care but those mean old republicans worried about the deficit and debt and they won't let me do it. >> he used words invest so many more times starting to sound like warren buffett. we can talk about all that is wrong. we only have hour show. two things that seem good. both side seem to agree we need significant infrastructure investment. i would like to see that. there is an opportunity to do something about -- melissa: did you say investment? because we banned that word. >> oh, yeah. spending. something to bring home the corporate profits overseas. some sort of a deal to get a reduce the rate to incentivize to companies to bring those home. i would invest in that too. melissa: radioshack finally in
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demand again but it not way they intended. with chapter 11 bankruptcy looming, amazon and among takers to take over radioshack. radioshack, you've been there a lot. when you saw the "weird al" yankovic ad before black friday did you raise into the store. >> black friday, something else i know nothing about. i'm a child of the mid 20th century. radioshack is retail rocks. goes how dynamic the economy is. eventually 20, 30 years from now we'll be having this conversation about google. we having about uber and google and wall the ma. they are falling behind. melissa: you have to change with the times like everyone else. they were behind. >> creative destruction of the free market. like rich i'm very sad to see radioshack go. i was there two weeks ago. melissa: wait, wait. you're the one. you're the one! what did you go to buy. >> buy a capacitor or transistor? >> a car charger for my new
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blackberry. >> core audience in radioshack. melissa: what did that set you back like 3.99? >> about 12 bucks but not enough. >> did they throw in a need dill for the record player? >> make fun. melissa: can you remember if there is one near me and i sort of go -- >> went couple years ago for something. might have been like a headphones or something. i decided against it. they had 12 of what i was looking for but nothing that really, faces weren't right. melissa: you're called something that is become obsolete, to have radio in your name. >> exactly. melissa: it is -- >> the size of the stores, it is just right for a wireless business. that is why this talk about a wireless company taking over makes sense. melissa: makes sense. thanks guys. bill is finally coming due for obamacare. new york slapping consumers with a tax on their health plans. your state could be next. plus, living it up on somebody else's dime.
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melissa: short while ago isis releasing a video showing the captured jordanian pilot burned alive. jordan nan tv says the pilot was killed january 3rd. all the while jordan working with terrorists to spare the pilot's life up until this devastating news. chris harmer, institute of study of war. joins me on the phone. fox news has not confirmed that. it is other news outlets saying local to the area. do you believe he has really been dead since january 3rd chris? >> there is significant amount of evidence on facebook
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youtube, other social media sites indicating he was previously executed. all along isis was dangling this guy to the jordanian government as part of psychological warfare campaign. they were not going to exchange him for prisoner. they were always going to execute him. they delayed this to impact the jordanian decision making process as much as they can. melissa: a lot is made of the fact it is, i don't know how you grade levels of brutality because it is also ugly because this has taken it to a new level it seems. to elicit a certain response from us. we don't want to fall gnat trap. chris, what do you think is the appropriate response from americans right now? >> i think the appropriate response has always been we need to understand the core nature of isis. this is nothing different than they have done before except they're just publicizing it. these guys have always been brutal and always been vicious v they have been beyond categorization in terms of
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brutality. so i think the american people need to understand, this is not the jv team of terrorism. melissa: yeah. >> these guys are the olympic dream team of terrorists. they are self-selecting terrorists from all over the world to go to isis to be the worst they can be. melissa: let me ask you before we run out of time, you know, bill o'reilly made the comparison saying isis is, there is no difference between them and nazis. from your point of view, is that a fair assessment. >> yeah, i think structurally philosophically that is true. they certainly have destruction of is ray as primary goal. in this video, i don't recommend the viewers watch it, they compare jordanians assign it imagery. they use image of israel all the time in pop grand today videos. they have the destroy the jews approach. melissa: chris, thank you for your insight. >> thank you. melissa: terrible stuff. market in rally mode as oil surges 7%. nicole pet on floor of
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new york stock exchange. with more what is driving the trade. what is driving oil higher? >> we've seen momentum of oil trading higher. we've seen it sell off the last year or so for energy stocks in particular. we've seen momentum gaining. many people over the last 48 hours questioning whether or not that in fact had been the bottom. we've seen oil jumping over 18% in three days, we haven't seen a move like that in three days in six years. so energy stocks are jumping. nine of the sectors are higher with exception of health care and energy leading the way. melissa? melissa: nicole, thank you so much. the bill for obama care coming due again as of january 1st. states have to run exchanges without federal money. we knew this day was coming. new york's innovative solution is push the costs on to consumers. of course it is! completely predictable. the $69 million tax works out for now to $25 a year a person. other states falling -- following in their footsteps no
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doubt. paul howard manhattan institute. monica back as well. could you see this coming. you push the costs on to the states. what are they going to do? governor cuomo's initial response, let me petition and just slap a tax on every single policy out there to pay for the exchange. it will only getobigger. give me your thoughts. >> first of all new york is already the most heavily taxed insurance state in the nation. $5 billion in hidden insurance taxes and fees on everybody that buys insurance or covered by insurance in the state. this is adding yet more pain. as cost goes up, people drop out. it is not a competitive environment. if you want subsidy you have to go to the exchange. even if you buy the insurance off the exchange you have to pay the tax. that is the big pain. melissa: you are expert that drills down into the numbers. i lean on you heavily for this. will this go to other states? how will other states deal with it? this is why we bring this up. not because we live in new york but because we're warning what comes to a state near you. >> absolutely.
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the money is now going away. all the state exchanges are supposed to be fully funded themselves by january 1st 2016. everybody will have to look variation, charging insureds some kind of user fee. federal exchanges will have 3.5% premium tax on everyone who buys coverage. the big problem, why is there more competition? why am i stuck in new york's exchange? why can't i go somewhere else? melissa: that is a great point. monica, i want to be fair look at numbers and what we were promise and and what actually came to happen. when president obama told "the new york times," mark my words, premiums will go down. he said at the end of this you will see your premium lower by as much as $2500. now, the same administration told the same "new york times," in november, that the average costs was going to go up 20%. this year. >> you're kidding? this president lied about obamacare? no. no. i mean this is just the latest in a long litany of lies that they have told the american
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people over and over again to get the thing passed and make sure that it survived and wrapped its tentacles around the health care industry and economy as a whoa. look, when you were talking about all these new taxes of course it is horrible. remember what obamacare was really about, it was never about health care. it was always about government power and control. it was a massive wealth redistribution scheme. now when we talk about these new taxes to keep the exchanges going, what do you think is going on? once again, radical wealth redistribution. melissa: so obvious from the onset. i don't know why people believed this lie. amazing to me. math never worked. still doesn't. we can see it here. thanks to you both. appreciate your time. secret sauce is for sale. hefty price tag what makes the big mac, an international treasure. wow, that is making me hungry. chaos at the nation's airports. thousands of flights delayed. more snow on the way. do you ever have too much money? ♪
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melissa: from the u.s. to every corner of the globe money is flying around the world today starting in australia where folks can buy bottles of mcdonald's big mac sauce. are you kidding me? it's a supersecrettive recipe, one i would die to get my hand on. people can purchase it off ebay and pour all over their food. why ebay? why aren't they selling from their own site? here is the catch. only 200 bottles are being made. bids exceeded $18,000. come on! imagine lasagna you could make with that. that would be something. over to france monopoly is releasing a limited edition
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version of the fame stuffed with real money. actual wads of cash will be swapped into 80 sets. in front of them is holding 23,000 bucks. i got to go. i'm pogue to buy a few of these. landing in north korea, where kim jong-un has a lot on his mind. the dear leader says he stays up at night thinking about poverty and how the less fortunate people in his country may be suffering. he could share some stuff with them. that would be thoughtful. have you finished shoveling your driveway yet? don't get too excited. more snow is on the way. not only more shoveling. this could mean more delays at airport. fox news's molly line on the ground in newton, massachusetts. fox news's rick leventhal gets to be inside in laguardia in new york. molly, i will start with you since you're outside. just a little bit of snow this time? >> no way. we still have a boatload of snow here. over a foot in the city of boston. even more out into the suburbs and around boston. it is also really, really cold.
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it has been in the teens throughout the day. we just hit 20. it is expected to drop back down which makes it all the more challenging. tons and tons of snow piled up everywhere you look. a challenge finding a place put it all. challenge finding a place to park n hartford, connecticut, they towed over 500 cars. so many communities have had snow bans in place. you can't park on street. they have to get plows out there to clear things up. not everybody obeyed. so their cars were towed. also, the city of boston, struggling to find a place to put it all. they have been essentially farming this. take a listen. this is from the department of public works. >> we're actually bringing in a 350-ton melter today, to melt snow at one of our farms because our farm is at capacity. so in order to be able to farm snow tonight we need to melt it today. that's where we are. it is historic. >> now farm really kind after fancy way of saying a big vacant lot where they have been towing all the snow moving pushing it
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in there. the one warm spot for folks in new england of course, the new england patriots won the super bowl. they managed to make it home despite all the snow. last night a big welcome at gillette. welcomed fans home. tomorrow they have a parade. fans cheer them on to thank them for all they did. put off. couldn't make it happen today because of all the snow everywhere. do it tomorrow at 11:00 a.m. melissa? melissa: molly thanks. rick, how are things at the airport. >> much better today than yesterday, where we had two out of three flights canceled here at laguardia. 4,000 total nationwide. 805 at this one airport. there have been no lines at customer assistance all day long. all of sudden these people lined up, but there sill some issues. 83% of the flights are getting off the ground. arrives and departure board,you see yellows those are delays. only a few canceled flights. most are looking on time.
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688 total cancellations nationwide a couple hours ago according to flightaware.com. more than 1200 delays across the nation. runways and taxi ways are much clearer since the snow stopped. there are serious issues with icing because of weather molly was talking about. mercury took a dive. all the snow and slush on the ground froze over being called a "flash freeze." that is leading to delays with salt crews spreading salt an sand and deicing the planes before they take off. the snowy dumped only seven inches in new york city blanketed much of the area where molly is. poughkeepsie got a lot of snow. someone create ad time-lapse video. fortunately the storm is now over. all we're doing is frigid cold. 21 degrees in new york, could get down to single digits. more snow on the way because it is wintertime, melissa. melissa: my goodness, it is
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winter. what do we expect. still, molly rick, thanks to both of you, appreciate it. oil rallying the most in 2 1/2 years. breaking above $54 a barrel. taking dow along for the ride. get up to 238 points. go behind the move with scott shellady. scott, break down the oil trade first. those wire copy writers are throwing in things about the refinery shutdown which doesn't make any logical sense. is it a dollar play? is it, you know, momentum? is it a technical trade? what do you think is going on with oil? >> what's going on with oil is happening to a lot of other asset classes today if you look across all your different screens. what is happening in oil is happening in stocks it is happening in treasurys, it is happening in the euro. what we have happening the late trader to the party. a lot of times weakest trader. so the late traders to this party were the weak shorts. they wanted to sell oil at 50 and try to buy it back at 40. they're the ones blowing out on upside. happening with them.
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liquidating treasurys because a lot of folks were long treasurys. a lot of folks long dollar thinking we would take the index to 100. that is puking today. all the weak traders, late traders that make a trade crowded. they're blowing out. a number of different asset classes. that is the real story behind oil. not other ones people talk about. melissa: not the other bs headline out there that didn't make any sense. we knew it wasn't true from the beginning. scott, thank you for coming on straightening that out. i love it. robots getting a little bit of bad rap lately. this one is just here to help, a germ killing android keening up hospitals. plus the super bowl trip fit for a king. a man-date with bono? luck sure russ spending has governor chris christie in hot water. "piles of money" coming up. ♪ 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
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melissa: jordan dowling and earth quaking response. burning the jordanian pilot alive. the pilot was actually killed on january 3. chris christie lights to indulge in the glamorous side of life. especially when someone else is footing the bill. we have a fox news contributor with us. rich and monica are back with us as well. they dug into a lot of details. there were a lot of unflattering things in their. being the guest and jordan. picking up the tab for a
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christie family weekend in israel. they flew privately on a plane that had its own headroom and it. >> i think that chris christie is trying to gain some global if with his friends. he is doing a very good job of making sure that this is not taxpayer money. it does not necessarily look good for him running and 2016. down to earth, blue-collar figure. i think it does look bad when other people are footing the bill for nearly everything. he is going to great lengths to cover up the expenses for his travel.
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melissa: we talked about who pays for it. he said that he was flown as a guest of gerri jones on his claim. they were quick to point out that gerri jones has a company that received a contract after the governor recommended it. wonder if that is a conflict of interest. taxpayers did pay for something. they did travel to the 2013 super bowl in new orleans. new jersey was preparing to host. >> a real important public policy. attend the super bowl. [laughter] >> i do not think that this is corruption, per se. who wants to fly commercial? he has to get off the private at amby and a truck if he has any
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chance in new hampshire and iowa. being that when you hand your adversaries if you give them any ammunition, they will use it. >> the measles outbreak becoming a 2016 issue. coming out in terms of voluntary fact the nations. hillary clinton in the debate as well. the science is clear. the earth is round. the sky is blue. let's protect our kids. >> sure. i think that presidential candidates are dealing with this issue. they do not want government mandating things. diseases that were once eradicated essentially are now
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coming back because people think it is hip to go against what we have been doing for decades now. i do think parents should have some say on what the government is mandating they have to put into their children's bodies. it does not play well with the overall conservative principles. melissa: monica, talk to the politics of this. >> we have a new isis execution today. we are here talking about what the likely presidential candidates have to say. there is a struggle. the science settled on the issues of vaccines. it sort of was a celebrity hot dang for a wild. a lot of people fell for it, unfortunately.
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melissa: i am melissa francis with your fox business brief. s&p settling a battle. splitting a payment of one and a half billion dollars between the department of justice and 19 states. the settlement does not say whether the company broke the law. the epa is coming out against the states to department. it would project that it would not have much impact on climate. a new version of the gaming app arriving in the u.s. it will now feature an undo button. that is what we all need. an undo button. ♪
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get something else inside of their body that they did not plan on getting. hospitals have a new incentive now. one of them is the high-tech altar light radiating robot. you have to clear the room out before they are plugged in and turned on. raise under ever surface of the room killing all of this surface bacteria and spores which have no defense and die off. they all ingested just about one hour. >> nationwide, it is an issue. the battle we have is to ensure that whatever is brought into the hospital is not passed to the next patient.
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>> to big companies that sell these robots for about $100,000 each. as of january 1, 1 of the new regulations is it penalizes hospitals with high rates of infections. losing millions of dollars in medicare. melissa: very cool. thank you very much. car handling company. self driving cars. fifty scientists to work on software. here to discuss it all is auto expert for driven magazine. jack how is back as well. all of a sudden you are just hailing a robot from your phone. what you think?
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>> absolutely. this is already around. different variations inside the vehicle that you can utilize without actually providing your physical tended to use. google invests invest hundreds of millions of dollars into uber. it is not about competition. it is about creating competition did the real winner in this is carnegie mellon. >> i am glad you brought up money. the show is called "money." that is what we care about here. if you look at it, uber's revenue, drivers take 80% of every transaction. if they could just get rid of those, it would mean a lot. >> looking for a way to make
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money, there is a way off of these automated systems that are going into cars. way into a leg tonics. these automated safety systems. getting us to, at some point self driving cars. >> very interesting. google may be shifting as well. developing its own cap like service. possibly in relation to self driving cars. google is one of uber's biggest investors. mike just told us about this. is there an acquisition going on here maybe? >> no doubt. cheryl: mike go ahead.
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>> sometimes the best form of competition is simply creating your own competition. there needs to be something that can compete with uber. they make a big 80% off of every person that gets into their vehicles. the story is really about this livery service. p6 they would have the technology to do it. i love that. okay. thanks guys.
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♪ melissa: markets holding strong. the dow up more than 200 points right now. oil up more than 19%. look at that. wow. whether it is on wall street or main street. beyoncé. she is launching her meal on wheels for vegans. these meals are delivered to your home for 80, of course. it is free of gluten and soy and dairy. have you heard about this?
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he has to go on foot most of the day. he gets off work at 10:00 p.m. and does not get home till 4:00 a.m. people have been raising money for him the i think he is getting more than a car at this point. you may want to think twice about fluffing that towel into your suitcase. we have an executive buys president of linden tracker with us. why does somebody want someone else's used dirty pillowcase towel? this is a huge problem? it seems so yucky to me. how big is the problem? >> the problem is huge in this country.
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we have basically brought value to the hotels. it is more so the idea. that is the biggest strategy. knowledge is power. hotels and need need to know the value of their inventories. >> i will write that down. we are looking at a few of these. they track it. i put it into my suitcase. go to leave the hotel. what happens? the buzzers go off? >> no. the hotel does not know that you have been to take that towel from their inventories. they want to manage the amount of inventory total they have in a hotel.
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>> the bathrobe on the way out the door. they just fill you for the bathrobe basil. does it pay for it self? it seems like it would be expensive. >> melissa, it pays many times over. they pay us, kind of like direct tv. we simply ask them to pay us a monthly fee. we manage the inventory for them. they get reports sent to the automated every night. how many lindens got sent to the laundry. melissa: okay. sounds cool. thanks for coming on. appreciate your time. issue wealthy with plenty of time to work out? you have to hear about the muse
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behind the lulu lemon products. you will vomit. ♪ 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. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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melissa: the muses of lululemon, chip wilson stepping down from the board but not before shedding some light to new york times magazine. wilson says the brand's ideal customer is quote, 32 years old. she's a professional, single woman named ocean who makes $100,000 a year. additionally she is, quote, engaged. she has her own condo loves to travel, she's fashionable, she has an hour to workout per day. rich and jack are back. i mean wow, they leave out that she also has rich parents or a loaded married boyfriend because i don't know how she's working out for an hour and a half do you love it? >> we love ocean and the guy who's duped. if your working out for an hour and a half every day, you have too much time on your -- >> i actually saw ocean at a
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shock shack in long island. [laughter] she's kind of let herself go. melissa: she doesn't need to get shake shack and fitting into those tights that's for sure. gentlemen, thank you so much. that's all we have for you now. here's liz claman. liz: okay melissa, thank you. markets speeding higher in this final hour led in part by auto stocks which are surging after u.s. auto sales enjoyed one of the best januaries ever. ford gm, by yacht, chrysler, hyundai, mercedesed, look at the ones getting a nice bump today, almost everything up about 2% plus. strong car and truck sales helped boost those names. the earnings of auto nation, an, shares of the country's largest car dealer groups shot the lights out. best fourth quarter ever for its sales. the stock is jumping nearly 6%. the ceo has made a bold prediction on record auto sales for all of 2015. auto nation's mike jackson with me l
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