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tv   MONEY With Melissa Francis  FOX Business  February 4, 2015 2:00pm-3:01pm EST

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first time was back in september. "strange inheritance," 9:00 p.m. eastern time on fox business with the fabulous jamie colby. with that i will send it over to the fabulous melissa francis. >> cheryl, thank you so much. fighting back. isis brutality prompting a swift response from jordan. our government deciding to redouble its vigilance. listen to the real solutions that could be implementing right here right now. meanwhile not one, not two but four defense secretaries in six years. how a lack of leadership and vision could be hurting our battle against terror. plus how walking to work for a decade just earned this man $300,000. we have got the checklist for the ultimate crowd funding campaign. and money or marriage, when it comes to raising your kids new research shows that cash is king. what questions on this one? even when they say it's not it is always about money.
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melissa: two isis prisoners are dead in jordan after jordan delivers on promise to avenge the killing of its pilot with either shaking action. president obama was to meet at 3:30 p.m. for a sit down-that was already on the books. we have fox news contributor, geraldo rivera, the host of "geraldo at large." i will go to you first. what do you think of the optics of this meeting in the face of everything that happened yesterday. >> meeting in jordan or in washington? >> no, no washington. >> i like the fact that the jordanians, let me start with the jordanians, they are central it to this. they have a wonderful army. they are battle hardened. they have not really committed it. they have had the air force involved in coalition strikes. i'm heartened by what, i am heartened have sunni muslims
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demonstrating in the streets against sunni muslim extremist violence this despicable act, burning this man. that is as far as i know first time we've seen sizable sunni muslim demonstrations against the isis outrage. if this means you can get a populist outrage of something like the rage they showed about the damn cartoon if they can show that kind of rain against this atrocity, maybe you will get jordan as a meaningful participant in the coalition. melissa: you look, i watched the president's remarks live on the air as they were coming out they didn't match that emotion. his response has not matched that. i think to a lot of americans that is distressful. >> i think to most americans his response matches what they want. i think most americans, you could see -- melissa: do nothing? >> you could see it in the markets. i hate to reduce it to the markets but we are an economic show. you can see it in the economy. they don't see what is going on with isis right now as something larger than sectarian brutality. melissa: i don't think that is true at all. i don't agree at all.
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>> you don't have to agree wit. all over the world, americans do not want us committed over there. >> here's where they will. melissa: not doing anything about that is meaningful. >> of course, of course that is not what we're saying now. the president, right now most americans are with the president because this has not had an impact beyond that part of the country. i hate to say it. melissa: i totally disagree. scott martin. >> we had all kinds of separatist-like groups trying to say hey we're with isis we're not with isis. geraldo mentioned sunni on sunni violence. melissa: they also have an american woman. >> 9/11 was an existential threat. americans do not see this right now as an existential threat. neither does the markets. melissa: i have that on -- >> when it comes an existential threat. >> i think already is. >> may be but americans are not
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saying that. melissa: president obama's pick for secretary of defense is being grilled in the senate. if confirmed ashton carter would be the fourth person to hold the person in just six years. that doesn't inspire confidence. >> he is not a gi, is my only flaw i can see. he is very skilled veteran of the pentagon. he has been around for a long time. john mccain likes him the hawk of hawks likes him. so i'm okay with him. the fact that it is fourth in six years. hagel got reamed. let's face it. melissa: tough way to run a strategy, trying to have a cohesive strategy in the battle against isis, al qaeda and terror around the world four guys in charge for six years. >> leon panetta wasn't a gi. he was pretty good. bob gates? >> bob gates was. >> might have served time in the army. i will say this about president obama's policy with the military. >> i think panetta was a veteran. >> wasn't known as -- >> combat fighter. >> right. i will say this president obama is very uncomfortable with the
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military. and that's why you see this going on. he doesn't believe the military should play a central role in any part of our, of the american, of this country right now. >> what do you do, cycle through defense secretaries to find one guy that agrees with you? that's crazy. >> let's be clear he reflects not that support this i'm giving you facts, he reflects views of a lot of americans. melissa: totally disagree. >> this is most americans. melissa: i don't think most americans feel that way. >> many come on. melissa: all happening against a backdrop of oil taking investors for a wild ride, plummeting back below $49 a barrel an wiping out gains from a four-day rally. two reports of oversupply pushing oil off a cliff and reviving doubts it is too early to call a bottom. charlie's favorite eric bolling saying that, pointing out to us, oil made largest three day after vans in six years yesterday but four days ago it touched its lowest level in six years. >> what does that mean?
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>> the point is, it is incredibly volatile. every time we watch it go up it goes right down. >> when you look at macro situation with oil, it should go down a little bit and stablize at some point. here is thing when you have massive supply, you have great technology and not only that, there will be alternatives. >> you're not getting keystone pipeline. >> no. which potentially put as floor under things especially weakness overseas and economist. demand is way down. >> but do you need it? >> do you need it? i would argue you never needed it but a lot of pressure from the right. >> for jobs. >> jobs. 35 jobs? melissa: when oil goes back to the roof everybody will be talking about the fact we didn't build a pipeline. >> we'll get to it. >> then we'll build it. melissa: new york city mayor de blasio, one upping governor cuomo on minimum wage. the governor wants to raise the city's rate to 11.50 an hour, already a big jump from the current8.75.
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de blasio says that is not good enough. he wants to raise 13 bucks. none is enough. it will never be enough to live on. >>.25 dollars last time raised in 2009. peg it to $2009 and index it. whatever $7.25 was in 2009, that is the same kind of -- >> other way. you vane had too much inflation depending -- >> $10.90 from 7.25. should be $10.90 right now. and go up 2%. melissa: logical. why don't we do that? >> why don't we do that? peg it to an index. >> why doesn't comrade de blasio do something logical. >> this is slave wage. melissa: wage at any level. >> small business owner, try starting a business in this city. by the way if you took off some of the other regulations these guys face then might talk about doing some sort of a raising minimum wage. >> living wage you don't
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have -- >> geraldo. talk to them. they can't make their margins. >> had cot on fields with slavery. they went out of business. >> you telling me all the restaurants are slaves? >> many of them are. undocumented immigrants get more money in new jersey and $10 an hour plus lunch than legal people here. >> geraldo small businesses are not slave owners. they barely make their margins. >> they should not be in business. >> not going to have any business. >> they pay taxes. >> you have to pay a dollar more? melissa: hang on. hang on. government must have finally run out of ways to create more red tape in the u.s. because they're regulating the moon. such a great idea. letter to one that makes inflatable spacehab tats yes. >> i don't think i understand. melissa: faa says it should be able to claim territory without anyone else interfering. i'm not sure we understood that. the basically the idea they're claiming right to develop in a specific spot on the moon.
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you're able to stake your claim to that through the government. >> if you lan on the moon you stake your claim. melissa: you don't have to land. >> out of the sky? telescope? >> i name ad star after my older sister once. [laughter]. 25 cents. melissa: all right, perfect. we'll find our space on the moon and finish the argument there. >> i think private enterprise will be successful exploring space. >> it ain't going to be free. melissa: stay with fox business. liz claman sits down with one-on-one with the "oracle of omaha" warren buffett for a whole hour today starting right after this show at 3:00 p.m. don't go anywhere. she will have that coming up. just because you're here illegally doesn't mean the irs doesn't have your back. president obama's immigration plan providing tax refunds to illegal immigrants. a fender-bender begs the question do steroid affect your driving? oh, my goodness. lance arm strong's yellow streak continues. sheryl crow has got to be loving
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melissa: at least 26 people are dead as a trans-asia airways a plane crashes in a river shortly after takeoff. you can see the video. the plane narrowly misses buildings and clip as highway on its way down. that is incredible. there are around 15 survivors. they are searching for 17 missing passengers. the plane crashed minutes after takeoff. wow, really horrific. tax refund for illegal immigrants. irs offers reimbursement for people granted amnesty we president obama. money earned real legally while they filed tax returns that year. tony sayegh is here from jamestown associates. he i contributor. geraldo is back as well.
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tony, you're knew to the panel. i will let you go first. this has to do with people here illegally paying taxes under taxpayer identification number. already the government has paid back for additional tax credit for children, additional child tax credit, $4.2 billion according to the irs. >> the problem isn't in the eyes of most people now you will have this classification of people under president's executive order which is different matter all together but now that he did it, you will get the people receiving tax benefit refunds earned income tax credit. this is retroactive back to times they were here in illegal fashion. that is where you see majority of the reluctance of american people to accept these type of things. it seems patently unfair to pay reparations for people that are in the country illegally. >> this is money paid into the system. >> they were here illegally. >> they paid their taxes. >> first of all let's be serious. illegal i will immigrants will get much more out of benefits
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and services that then they pay in the form of taxation. >> i don't agree with that. >> a fact is a fact. melissa: geraldo look at stats people in the bottom 60% get more out of the government than they pay into it. so you would think immigrants here are probably in the lower 60% of the incomes. mathematically they would -- >> 10 seconds the crime of being in this country without proper authorization is a very minor federal misdemeanor. that is nothing. not paying your taxes earn an income is a far more serious offense. undocumented immigrants figured that out. so they pay their taxes under these numbers. now if retroactive, if they're made legal by the president's amnesty why shouldn't they get the money? it is their money. melissa: because they were here illegally. >> two issues here. are they owed money? i would say yes. give them back the money? melissa: they were here illegally. >> i will say this, a grandson of an immigrant, a lot of people stood on lines to get into this
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country. that is number one. number two you can't have welfare state and open borders. impossible. you won't pay for it. >> they don't qualify for federal programs. they don't qualify. >> qualify for state programs. by the way, you have -- >> if they have citizen born children. >> geraldo liberals will have to prove to me all the people in arizona who want laws barring illegal immigrants from getting state services are just hate immigrants. they don't. they see their programs, their school systems, their hospitals taxed like there is no tomorrow. >> there are 500,000 undocumented immigrants in this city, you don't even see them. except you see them delivering pizzas and doing jobs you wouldn't do and shoveling snow. melissa: hang on. >> i'm going to say. this is where you see them because my brother works in emergency room. you see them getting health care that we can't afford as taxpayers to pay for them. melissa: tony, go ahead. >> we spend billions of social
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services go to illegals, that is fact geraldo. whether or not is justified to do so is separate matter. melissa, this shows why the way the president enforced this executive action this am any tess through the fiat is problem. had we gone through a legislative process where we argued these out, made them part of a bill codified through action -- >> that is so disingenuous. >> republicans are not for any legislative process. what process? these are people that -- melissa: guys, guys. hang on. if you have folks out there paying taxes we know where they are. if they're here illegally and paying taxpayer i.d. numbers i doesn't understand why doesn't the government enforce it. >> we don't enforce it. >> immigrant vigor made this country great. >> of course they did. >> like my parents. >> who do you think could make it walking across desert. >> most people in this country. >> here is the economic issue though. geraldo. would i say this.
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do we really need to push down the wage rate on unskilled labor more than we have now? you do that by just, flooding the gates. >> i think anyone on the right who argues about pushing down wages without supporting a raise, a hike in the minimum wage -- >> she should be barred from even -- melissa: we'll leave it there. we have to go. >> depend on hike on middle. melissa: a few stories on our radar right now. colorado residents have extra green in their wallets. sale of the drug was designed to raise money for the state, it pulled in so much, about $50in that the law status has to give some of it back to ordinary citizens. there you go. those with craving for girl scout cook sis may steer clear of california. inflation is causing some troops to raise prices by 25% to $5 a box. i didn't think they were allowed to do that? i was a girl scout. no one surprised, lance armstrong accused of lying once again.
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police say the disgraced cyclist hit two park cars with his suv but had his girlfriend take the blame. she came forward with the cover-up. she wanted to protect her famous boyfriend. that is so sweet. one airline carrier is aiming to introduce standing seats because flying isn't painful enough. plus walking a mile in his shoes, or make that 20. how one man achieved crowd funding goal and how you can make money crowd funding too. i have all the secrets from an expert. don't go anywhere. of the lots of money for you coming up. ♪ the future of the market is never clear. but at t. rowe price we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider
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flying around the world today starting in russia which is cutting the price of vodka to stop people from drinking moonshine. inflation is so rampant in the country that it is making the liquor a lot more expensive to buy. so russians are getting desperate obviously and they're making high-proof sad can -- vodka, knockoffs in their backyard. that sounds safe. india has spent thoses of money on selfie booths. they are square shaped tents of the locals can jump in an take a picture alongside the country's prime minister. landing in china one airline is close to allowing standing seats on planes. the airline says tickets will be much cheaper and seatbelts will still be provided even though you don't have a seat. it makes a lot of sense. standing room will increase the plane capacity 40%. make the whole thing so much more enjoyable. stocks mixed as oil
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continues to plummet. adam shapiro is on the floor of the new york stock exchange with more on that one. adam wow, talk about that one. >> wow considering three hours ago oil was trading over $50 a barrel. now at 48.40. a lot has to do with the reading we got on inventories. double what was expected, over 6 billion-barrels. that was a larger surplus than people thought it would be. as a result you see oil trading down. energy sector on s&p 500 is the biggest loser of the sectors right now. the s&p is negative. the dow is still positive. a lot has to do with walt disney having historic, what was it, $101 per share. but oil once again below $50 a peril. melissa? melissa: adam, thank you so much. boating and marine companies are surging in popularity amid low prices. mercury marine is one of the leading producers of boat engines in the u.s. they have one of largest sound studios in the country. to tell us why they would need such a thing.
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our own jeff flock at mercury marine plant in wisconsin. jeff, a sound studio? >> first exclusion ever live report from inside, perhaps the most extensive and extraordinary sound studio you have ever seen. jeff, fire this engine up out here. they want to make sure the engine, listen to this by the way, they want to make sure the engines are not too loud. listen when they fire it up. can you hear that? john phieffer, the president of mercury marine, why do you go to such trouble? first of all, what am i looking at here? this is our sound room. and you're surrounded by microphones around the room. we isolate every single noise and exactly where it is copping from on the engine so we can eliminate it or reduce it to an acceptable level. >> i have to ask you why you go to such trouble? you're tremendously popular. is this one of the reasons? >> well, consumers today in the marine industry they want smooth and quiet.
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they want great performance but don't want to hear the engine. so we go to great lengths to make sure the smoothness and quietness of the engine is right where consumers want it. >> and melissa, you may know mercury marine is a division of brunswick, better known maybe for billiards and bowling but they have divested their bowling holdings. the pressure is on you now at mercury marine. you're half the company right now. >> the pressure is always on us and we have invested a lot in the company over the past five years. several hundred millions dollars in new products, new technologies. we're really excited about the future of our business. >> they make engines for all kind of different boats. melissa, i maybe leave you with the sound of a 300-horsepower mercury marine engine. jeff, go ahead and fire that up. give us a full rev on it. sound of money. melissa.
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melissa: it sure is. jeff, thank you so much. that is so cool. we are a billion dollars deep in the isis fight. the murders keep coming. it is time for some fresh ideas to turn the tide on isis. why money is the right place and it might make the difference. plus, rand paul shows he can walk the walk on vaccines. do we really need to see that though? i don't know. more "money," some good answers coming up. ♪ 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. i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't.
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. . melissa: isis is ramping up terror campaign with series of unspeakable acts. most recently burning jordanian pilot alive and posting the video for the world to see. the atrocities keep on coming. no one hates needless government spending more than me, but wanted to present
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strategies that the government can use to stem the tide. joining me peter brooks tony is back as well. we were talking about ideas, things to put money to work right now to start fighting this fight. it feels like we're not doing enough. k.t. mcfarland had this idea earlier on. why don't we have more bounties out on the heads of isis fighters? peter brooks what do you think? >> nothing wrong with it. i don't know what k.t.'s information is but i don't think it's been that effective. there was one out on osama bin laden for many many years and these individuals turn out to be quite loyal. melissa: that's a high-end. if you have low-end guys and you say bring me a middle guy, and i'm going to pay you a million dollars for it. a million dollars goes a long way in a place like syria and iraq. i mean, you could start picking off the lower-end guys. >> i understand that. i'm not sure it's going work.
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i think that the people there's so much concern about the cia, will they really pay you? is this just a scam to get you to come in?t of that myth and other things out that makes it difficult. i'm not saying you shouldn't do, it i'm worried if it's effective. melissa: tony what do you think? >> if you pay off local people to use their intel, they know a lot more than we, do we lost our intelligence capability when we left when the president refused to form social stat us in iraq. what i believe seeing in the wake of the totally horrific murder of this jordanian pilot, which is the moderate sunni arab states like jordan, and saudi arabia potentially like egypt and turkey joining us being the boots on the ground in the war, having intelligence and air capability support that effort and make sure we're fighting isis continuously not just on a policy received by
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the president. melissa: let's talk about how to supplement that idea. one of the ideas is hiring ground contractors. what if we put more money into having folks on the ground? we spent 26 billion dollars in iraq having mercenary folks, people for hire whether i.t. folks, gathering intelligence. all kinds of contractors that you could put out on the ground and the president could claim he doesn't have boots on the ground because they aren't official troops but instead these are people in there for profit. peter, why do you laugh that the idea? >> i'm worried about the risk. how do you control them. we use lots of contractors. i like american soldieris and know there is reluctance to put american boots on the ground. melissa: but we don't have that. isn't this better than nothing? >> to control them? are you responsible for their actions? you know, there's a lot of of risk involved in this and, of course, the lawyers are going to get involved and they're going to tell you this is probably not a good idea because you could be held
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responsible for their actions. there's a lot of issues here. melissa: i don't know that anybody is held responsible for anything going on over there right now. i think that might be the least of anyone's worries. talk about local informants that's something tony brought up. what about the idea of paying nominee local informants to give us more information, really pours money into that idea? >> it's been successful in some respects. we kind of do it already, i'm not sure it's overt policy of our government. melissa: that's how we got ramzi yousef. >> correct the local intelligence is replacing what we lost when the president failed to keep our intelligence capability that we built up during the iraq war which was robust. the reality is this is such a global problem the fact the president refuses to address it as existential threat does not give confidence to the people in the battle. the moderate sunni states to take the risk in joining us
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certainly not while he's the president. if you to talk about a real game-changer is with we change presidents in 2016. melissa: what do you think about the top of our show charlie gasparino was saying americans don't want to get involved? they feel the same way the president does. peter, do you agree with that? >> there is deep concern about the threats and the brutality presented to us, and i hope the american people realize that just because there's a fire down the street that the winds are blowing in our direction, and they have us in the cross hairs. i'll remind them of sydney and ottawa and new york city and paris and the pakistani school and isis flags in afghanistan and pakistan and yemen and libya and, of course what's happening in the middle east i don't think we can divorce ourselves from what's happening internationally, and you hear about fort hood. remember that? somebody recruited in place. these are dangerous times. i don't want to hiept threat but we are definitely in the
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crosshairs. >> we're going to leave it there. oil pulling a 180 with biggest decline after gaining yesterday. it closed down nearly 9% at 48.45, after taking as much as $5 a barrel. we'll go to keen on the marthas.com with the trade. james, what's going on with oil? we're making this wild move. what's the truth of this trade? >> right, we saw oil bottom out and rallying starting with the bullish news about rig counts starting to come in a little bit. and today as oil was trading above 50 bucks we had a bearish piece of news as inventories came in with a much larger bill than traders were expect. a lot of the upside action is short covering and doing a lot of technical damage and taking out a lot of the gains over the last several sections. >> appreciate it. act of kindness putting a
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spotlight on crowdfunding but takes more than a good story to get money out of strangers. i wanted to talk to an expert how to rake in the cash? these folks are making it look easy and i think you need some of this money. our own liz claman going one-on-one with the oracle of omaha. the exclusive with warren buffett, two big money making possibilities for you, because at the end of the day, it's all about making money. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure.
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. >> reporter: i'm melissa francis with your fox business brief. world's largest company just got a whole lot bigger. apple shares hit a record high today reaching $120.35. apple's market value was listed above 700 billion dollars for the very first time, wow! and toyota raising full year forecast to record high because of better sales in the u.s. a weaker japanese yen also helping. toyota thinks it will post a profit nearly 18% from a year earlier. and gm shares surging after a 21% jump in profit last quarter. the company's uaw workers will receive profit sharing of $9,000 each that's $2,000 more than they received last year. that's the latest.
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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. . melissa: walk this way a story about a detroit man who commutes on foot 21 miles each day is spurring donations from across the country. remember this? the online effort has raised $280,000, you can believe that? to help this 56-year-old buy a
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car, which got us thinking, what are the secrets to successful crowdfunding campaigns? here is alex daily known as the crowd sorceres. this is amazing, this story is compelling and heart warming. at the same time, this guy does not need $300,000 to buy one car, but people are passionate and part with their money on the crowdfunding sites. i know a lot of people try and do this and try, and some people don't raise anything and they have wonderful things. i want to know the secret. number one, talk about the target amount. how do you decide the right amount? >> what do you need? and why do you need it? you have to finish a film you need $50,000. start there don't go for $30,000. >> if you don't get any money, that's scary for people to put
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up the real number. put up what you really need. >> uh-huh. melissa: hiring help, you have a firm that does this. you have 100% success rate. you say i can help you shape your campaign, you take 20%, right? >> uh-huh. melissa: why do you have 100% success rate? >> i am bias i would definitely say hire someone. crowd funding is a full-time job, you need to be working strategy, you need to know the experience, the knowledge, you need to hire someone to actually do it. focus on your product, your project and film and turn to me to do the crowdfunding. melissa: do you have to raise 20% more because i have to pay you? >> that's a strategy we saw. if we need $10,000, throw in 2,000 to cover us. melissa: okay, number three, influence the influencers, what does that mean? >> this is a strategy they started at beginning that basically i said to reach out to the people that have a lot of social media falling, a lot
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of influence and ask them to support your project on the day of launch. when you launch, you want it to go viral, catch fire, and if you have the people with huge social media followings saying i donated, you are tapping into their communities and crowds of people. melissa: number four is huge, invest in a good video. sometimes have a great idea but presentation is terrible and people are turned off. >> yes. melissa: invest in a good video? >> yes. melissa: how you do that? hire someone to do that? >> yes. melissa: okay choose rewards with care what's a reward for people who don't understand? >> when you donate money, you get something in return. you donate $5 to a film you can get your name in the film credits. getting something of value in return for your money. if i say you're crowdfunding a product, the donator should get the product in return. so it's really getting these
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backers as involved as possible. melissa: how do you go with indiegogo or kickstarter? what is the best way to go? >> it depends on the client, it depends on the research and we use that platform. melissa: thank you so much. great information. liz claman joins us from omaha nebraska. she is sitting down with a very special guest. what do you have? >> i'll tell you, melissa the 50th anniversary, the golden jubilee of warren buffett running berkshire hathaway started from a couple dollars from friends and family to the third most valuable company in the united states of america. coming up, there are a lot of cross currents, we know that are worrying a lot of investors. strong dollar. low oil. when will the fed move?
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what's happening in europe? we are going to ask the man who is considered the most successful investor of our time. oh, yeah, he's here waiting in the wings. hi, warren, and sitting with us in a fox business exclusive. he's sitting with sam taylor who runs one of the companies that warren has bought recently. different type of company but come over back this way, i will be showing you something special in this box for the annual shareholder meeting for this jubilee year. 50 years at the helm of berkshire hathaway. it is expected to be the most popular tchotchke. he is only the shareholder to make money at the ceo meeting? how does that figure? i'm going be asking pointed questions that matter to your money. it is a full hour from the nebraska furniture mart. and yes, by the way, the massive nearly trillion dollar bet he's making on a time when we're not sure what housing is doing. we call it warren way.
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at the top of the hour in an exclusive with warren buffett. melissa: good for you. for love or money, when it comes to raising children, which is more important? being rich or being married? plus it pays to be mvp tom brady. awarding super bowl prize to a worthy teammate because the last thing mr. gisele needs is a new car. although you can never have too much money.
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. melissa: butler is the guy who made the insane last minute interception to the pats. tom brady doesn't need a car, who's he kidding? "to kill a mockingbird" author has another book coming out. lee thought the novel was lost but a friend rediscovered it. it is set for initial printing of two million copies in july. wow, that's cool. money or marriage? new census bureau data shows when it comes to parenting, having money actually makes a
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bigger difference than raising a child than being married. tony and geraldo are back with me. tonight lay the groundwork for everybody reeling right now. they looked at how often do you eat dinner with your kids? how often do you read to your kids? are your kids in extracurricular activities? kids who had wealthy parents did better on that scale than kids who had poor parents and money made a bigger difference than being married. they commingled a lot of facts. what's your reaction? >> the lowest ring in hell should be for deadbeat dads who don't pay child support, this is exactly why. money eases the pain it's not the emotional rift it's that the kid can't do extracurricular activities can't play in a team sport can't afford to go to camp. the money the abandoned spouse
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or the spouse who is split from husband, she can do just fine without him as long as she can stay at the same standard as before. melissa: anomalies, single parents were more likely to read to their kids. that was interesting. >> lot of counterintuitive data here. melissa: yeah. >> you would think a single parent -- >> wouldn't have time. >> they're eating dinner, as you point out, more with children than married couples. look, in the grand scheme of things, clearly, there are great benefits for a child to grow up in a two-family household. we see that in the long-term. confident children, they earn more incomes in the future. they have less health issues. a lot of good data associated. absolutely true, in this day and age particularly if you live in a metropolitan area money does drive your ability to achieve and doesn't necessarily not apply to this. melissa: then there are the ways that these things interact, poor families were
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more likely to become divorced. there's kind of the factors in here influencing each other, right? >> if you have money, you can have day care, if you have money, you can have someone to help clean your home. these are the pressures that are intolerable. i have multiple divorces, you never heard a bad word from any exes, they never suffered financially. we have the schism in terms of emotions, that's dramatic but you work to remediate that. melissa: people think having parents together is important. >> not if you're struggling. >> the thing that took me by surprise, this made sense as it defied everything i thought. melissa: just one study but interesting to talk about. thanks to both of you, appreciate it. the gop looking into the future by joining forces with pit bull. listen to how republicans are recording j. lo's best buddy?
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. melissa: all right, senator rand paul getting right out in front with this stance on vaccines, doing a little damage control at the same time. the senator getting his hepa booster shoot after controversial comments on vaccines. there you go. the fight is on for pitbull. republicans pulling for the miami born cuban-american singer to come to the grand ol' party in 2016. he served as a surrogate for president obama in the last election. tony and scott are back with me now. who knew? >> who knew he was a pitbull fan. isn't this guy a fossil by now? i'm not going to sweat the
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technique, they've tried this before, is it going to work? >> i got to tell you there's a lot of temptation to make fun of this segment. great thing to put on a bumper sticker. it make a lot of sense to court popular culture icons like pitbull. when you think about a brand a series of associations, the republican party is a damaged brand among young people and hispanics. melissa: is it sincere? he was out for the democrats in the last election. when kim kardashian says she wears lip gloss you say no, you don't, you are just getting paid? >> it increases power when you get someone to defect from one side to the other, it seems a legitimate sincere progression. melissa: did he convince you? that was convincing. >> makes the guy look like he's buff. >> i don't think he needs the money. melissa: guys, thanks to both of you. that is all we have for you. i hope you're making money.
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liz claman is sitting down with the man many people will pay millions for just the chance to hear his thoughts. and you liz are getting him exclusively for 60 minutes for free! "countdown" with warren buffett and liz claman starts right now. >> thank you very much melissa, live at the nebraska furniture mart in the heart of omaha. and, yes the man widely known as the most successful investor in history here in america is joining me. what about low oil? what about the strong dollar? what about the $107 billion stock portfolio he runs with names like coca-cola and amex and da vita health care. you need to hear about terrorism to the federal reserve to what's going on in europe? it may make you money, indeed. he's hear with us and you live warren's way, let's start the "countdown."

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