tv MONEY With Melissa Francis FOX Business February 19, 2015 2:00pm-3:01pm EST
2:00 pm
response to that story. i will think of one in 30 minutes. deirdre, thank you very much. what happens to me. hello, everybody. ready for action. americans say they want troops on the ground to fight isis yet the white house is still talking about jobs to counter extremists. economic disappointment. president obama promises more of the same. slow growth, flat wages and fewer people in the workforce. uh-oh. health scare on the west coast. doctors say drug resistant superbug may be linked to the deaths of two patients in a l.a. hospital. 180 people may be exposed. and the academy award winner set to star as ponzi-schemer bernie madoff. yeah. even when they say it's not, it is always about money. cheryl: president obama's idea of middle class economics, failing to deliver the growth that we have come to expect we
2:01 pm
should expect. according to the white house's own report to congress economic expansion would slow to 2.% under the president's plan. that is less than what we saw this year and more than a percent lower than average rate we got back in the 1990s. here to discuss, we've got charlie gasparino, dan shaffer of shaffer asset management. along with tracy byrnes on set. great to have you guys here. charlie on the backdrop you will have 2% growth oh, by the way 300 billion new taxes in next decade. >> we should point out how much has the stock market gone upped president obama? gazillion percent. >> too much. cheryl: growth is what you're saying. >> we have interesting sort of dichotomy. the dow has gone from six to 18. it is about 18 today, right? the economy has been stagnant. we were in recession when president obama took over. now very slow growth. i don't know when the last time we've seen a sort of divergence between the real economy which
2:02 pm
affects average people and the stock market. >> i'll tell you. 1927 into 1929. same thing. fed came out in 1913. cheryl: white house though, dan, saying this goes back what we saw in 1973. this is in the report i want to say. this kind of economic idea this plan that he is putting forth what we had in 1975. that was a good thing for the u.s. >> remember back in that period of time, we were inflationary environment. >> stagflation. >> not deflation. >> stagflation. >> prices were rally. oil prices going crazy. >> i'm old enough to remember this you guys might not be. we had stagflation. we had periods unemployment plus inflation which the country never had. >> throw the history books out. everything is different. what we know for a fact that any policy that he put in place to help the middle class has not helped them at all. has hurt them at end of the day. made 1% richer. boosted stock market. unfortunately put lower income
2:03 pm
people on the dole. >> going with what tracy just said, remember the federal reserve has interfered more than they have done since the 1920s and '30s in the market. regardless of the obama policies, you now have this other entity not owned not by the united states government controlling the markets and hurting the middle class. >> be clear here, if you're watching show, you want to invest, i hate to say it this is a good market to invest in. >> heck yeah. cheryl: wages are not going anywhere. >> but our viewers viewers actually care about this. 2% growth, very low inflation. >> should be in this market. >> fed not raising interest rates. maybe something will happen. cheryl: guys, i want to move on to something else the president is facing now. this is very serious topic. if you wonder where the line fighting isis with jobs. president obama speaking at white house earlier on extremism today, stressing importance of
2:04 pm
solving economic problems in the middle east. >> we must address the grievances that terrorists exploit, including economic grievances. so if we're serious about countering violent extremism we have to get serious about confronting these economic reasons. cheryl: that approach may ring hollow to americans pushing for more aggressive solution. take a look at new "cbs poll," 57% of the americans favor using u.s. ground troops to fight isis. just 39% felt that way back in september. it looks like americans, tracy saying yes it is time. boots on the ground. >> go get them. they don't need therapy. don't need to hold hands and sing kumbayah. go get these guys and show force and man up. >> i don't think the american people are saying that. >> i do. they're here charlie. >> that is something else. that is something else. >> not really. >> putting an armed putting massive amounts of troops in that area of the world is not what i believe the american people. i think what they want is more
2:05 pm
aggressive approach. maybe arming jordan arming various allies. >> boots on the ground though. >> history repeats itself. they didn't believe the nazis were taking jews and putting them on trains either. >> i know. >> what did the united states do? they waited until they bomb pearl harbor. now we're in the war? they will wait until they attack us. >> i don't want to get into world war ii and that history there but, there was a lot u.s. could have done. we were extremely isolationist back then. we could have been less isolationist. >> you think we need -- >> need to be less isolationist i think. here is the thing that is really rattling about this there is no doubt that those countries that are involved in where you see the sort of islamic fundamentalism, are extremely poor countries that, he is right about that. his prescriptions are wrong. >> right. >> but bottom line those countries have rejected capitalism over the years. they have not done -- >> close proximity to europe
2:06 pm
which is something i want to bring up. you were talking about the market as moment ago. this is something the markets are watching in regards to europe and ecb. germany rejected greece's plea for six-month loan extension. it casts doubt over future of eurozone. isis going potentially to italy think libya. >> i say one thing bit tally. the place is being overrun by immigrants. you don't know where they come from. this has been happening for years, we should point out. the other thing i wonder why greece, you know this better why would greece be lynn itch pin for entire eurozone? >> just beginning of what is happening to the eurozone. they're poor. no velocity money. people are out of jobs. very disrupted continent. >> germany? >> not just germany. 18 countries with one currency and 18 different fiscal policies. impossible that would ever work. >> what we have one country,
2:07 pm
germany, semiprosperous with a decent monetary policy and you have a bun of other countries spending money. cheryl: tracy what this is showing that the greeks are not in the negotiating position they wish they were. this is government ran on this platform. that is how this guy got elected, prime minister. now -- it is over. >> the notion he would get rid of all austerity measures. cheryl: he can't. >> like saying you're 20-pounds overweight and you can eat cookies. you can't. they're not making concessions. cheryl: the will not stop in greece. something else came out this morning i want to bring to y'all's attention. with regards to walmart, very important company. they're big loser on the dow despite their earnings. they gave a cautious outlook for coming quarter. they also announced a pay raise for 40% of their workforce in the u.s. this starts in april. all employees will make at least
2:08 pm
$9 per hour, tracy. this is largest american company saying we'll pay more than minimum wage. but do you think they caved to pressure? >> so they had a bunch of states that raised minimum but had no choice to follow suit. they didn't have to make it across the board. i think they should be applauded for that. did they cave? putting more money into training people. putting more money promoting people. walmart knows like anyone else -- cheryl: bad for walmart though. >> think they finally came to the realization that workers are getting restless. they're not happy with what has gone on financially in that organization. also scheduling. a lot of issues with scheduling there about workers and their hours. i think that, at this point you know, sorry for interrupting you i think management is finally saying if they don't do something here positive they're going to lose control of that -- cheryl: pr war. >> they caved. bottom line, they caved. here is what the market is saying. they caved. the market is scared that the
2:09 pm
government left-wing government left-wing legislators like elizabeth warren and others will start dictating power at walmart. that is what the market says. cheryl: market overall particularly the dow looking pretty weak a lot of that is walmart. something very interesting charlie, this is your thing. strange bedfellows between wall street and occupy wall street you're saying. they're defending fannie mae together. wall street and occupy wall street are working together? >> i did a story about the greenberg trade. if you think hank greenberg will prevail on aig right meaning the federal claims court will say shareholder rights. the federal government did do something nasty when it deluded shareholders during the bailout of aig, hank was shareholder, you think that is good for fannie mae shareholders. shareholders are saying the government is sucking all profits out of fannie mae. they're suing and using same sort of thing that hank is hearing about shareholder rights. if you think hank will win.
2:10 pm
that is good for the stock. the stock popped. i got bombarded with patrols attacking me. i'm for getting rid of fannie mae and freddie mac. the trillions, are essentially housing advocates, repay treat the money government took out of fannie mae and freddie mac they want to repatriot. so do hedge fund managers. bill ackman suing in federal claims court, repatriot money. give it back to freddie and fannie. housing advocates want the lend more to keep them in business. interesting alignment lefties sported people like elizabeth war return and bill ackman and all these others -- cheryl: full story at foxbusiness.com, correct. good. >> this is a story that is not going to go away. the stock is acting very interesting. cheryl: before we go to break i do want to bring this up to lighten the mood here a little bit. you all know the barrel scouts. you probably love their
2:11 pm
cookies -- girl scouts. they may not be getting their supply demand merit badge. there is thin mint shortage, causing orders to be slightly delayed. we found a solution here. for less than $60 you can buy miniature oven and make the cookies yourself. is this a win for business tracy? >> this is very big deal. i ordered eight boxes if i am part of 6% reportedly affected i will be upset with my little girl scout in town. there are two bakers. they're making them different. >> were you a girl scout? cheryl: i was not. cheryl: i was. thin mints were very popular. >> i could see that. i could see that. [laughing] >> yes, i want my thin mints. i'm coming after her, bottom line nice. cheryl: all right. coming up after a quick break. putin's next target. suspicious russian planes found
2:12 pm
2:15 pm
cheryl: so much for the cease-fire. fighting raging on in ukraine, with rebel fighters celebrating capture of a key town and word they have taken government forces as prisoners. this comes as a pair of russian planes raising alarms in the u.k. british royal air force scrambled two jets to intercept the russian bombers after they flew too close to u.k. airspace. they were spotted off the coast of cornwall in southwest england. two weeks ago the same thing happened on the east coast in the english channel. i'm joined by the chairman of consulting firm, american defense international.
2:16 pm
former deputy assistant secretary of the army. good to have you here. >> nice to be here. cheryl: why is he being so defiant, why is putin, basically this is cold war strategy he is using? this is second time he has done that with the planes near the u.k. what is he up to? >> no question. the don't make a mistake old russian bear is back. as far as vladmir putin he is concerned, he is old kgb agent posing as president of russia. he only understands strength. the old soviet leaders understood during the kennedy nixon or reagan administration. you know what? strength worked. but here is what is interesting about the, what just happened with those russian bombers getting very close to great britain. before, we're now learning before those bombers went very close to the british airspace they came very close, 26 miles off the coast of iceland,
2:17 pm
another charter member of nato. i spoke to a very senior icelandic official. let me tell you, they're very concerned. this is not the first time it has happened there, particularly since nato pulled out our military nato base out of iceland a few years ago. cheryl: this begs the question. you have u.k. warning that the baltics could be putins next target. a group of former soviet countries this is lithuania estonia, latvia. michael fallon says putin poses real and present danger to the baltics. nato has to be ready for any aggression from russia what form it takes. those are his words. my question, is he looking for a war with nato forces overall? >> no, but i think, the british defense secretary is exactly right. putin will keep on doing this. he is trying to reconstitute the old soviet union, make no mistake about it. cheryl: he wants mother russia mother russia back from 1985. >> you know what?
2:18 pm
he will keep doing this as long as we keep sending all wrong signals. when we cut the united states army to pre-world war ii levels that is the wrong signal. president obama goes to nato brussels last march, as far as georgia is concerned, a country's application for nato membership the united states supported since 2005, when president obama says last year georgia is not currently on a path to nato membership that is the wrong message to send to a thug like vladmir putin. cheryl: well you know, he doesn't have the economy behind him. the people are winter. there is a lot of hunger in the country. their economy oil prices he has a lot of problems but he doesn't seem to care. van, thank you very much. the for the perspective on this appreciate your voice on this. >> thank you. cheryl: well, while we're talking putin real quick have you seen this? this is the russian president. he may be at odds with most of the western world but he can take solace in this thoughtful tribute to him.
2:19 pm
a chinese artist creating a portrait of putin on an egg. he has done egg drawings of joesph stalin. yeah interesting. well, the west coast is dealing with a deadly new health scare. so-called superbug putting california at risk. plus, bernie madoff gets his moment on the silver screen. we're boeing to tell you, the actor, who is going to play the ponzi scheme king. do you ever have too much money? or infamy? ♪
2:20 pm
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.
2:21 pm
in my world, wall isn't a street. return on investment isn't the only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as fifty dollars. you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom!
2:22 pm
you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. cheryl: from the u.s. to every corner of the globe, money is flying around the world today starting in china, where over a billion people are celebrating the start of the lunar new year.
2:23 pm
fireworks displays are being launched across the country as people pour into the streets to see parades and dragon dances. the lunar new year has biggest migration of anywhere on earth where 700 million people travel to be with family and friends. in taiwan, tourism officials want to hand them an health etiquette manuel. they want them to go to chinese tourists. how to behave among groups of thai people. also landing in australia where pizza hut is launching its own line of nail polish. colors include, hot pepperoni voracious veggie. say cheese. not bad. we have news for you. there is another new all-time high for the s&p today even as energy prices continue to drive lower. let's go to adam shapiro on floor of new york stock exchange with more. adam? >> that's right.
2:24 pm
we hit the 2102 on s&p 500. we pulled back. the dow is down as well. nasdaq hit an intraday high. let's talk about what is going on with oil. energy information administration numbers what we have in inventory surprised a lot of people dramatically. over seven million barrels. increase people did not anticipate. american petroleum institute weighs expecting 14 million-barrel increase. that would have been a record. we're still producing 9.2 million barrels a day in the united states, the highest level since what 1973? as you can see it is doing a drag on energy stocks which are all falling today. no one doing well in the energy sector. back to you cheryl. cheryl: adam shapiro thank you very much. well major health care on the west coast as nearly 180 patients have been exposed to a drug resistant superbug at ucla medical center. seven people including two who have died said to come in contact with the deadly
2:25 pm
bacteria. we have a resume to gift and internist and joins me now. what is frightening about the superbug, half of the patients infected, they die. that is the highest mortality rate than we've ever seen? >> the people who die usually have bacteria in their blood. if the infection is caught in bladder, let's say, the mortality rate is lower. in some cases the patients don't have any symptoms at all. but it is an aggressive bacteria, you're correct. cheryl: let's talk about what happened over there at ucla so a lot of these patients already left, gone home. they have sent home testing kits. should those come in contact with them be concerned? is this only transmitted through infected instruments or body fluids or easier to pass on to others? >> the thing is it is passed on through direct contact. i mean it is good to know it is not in, not airborne. it is not that easy to catch unless you touch a wound or
2:26 pm
touch fluids as you quite correctly point out. but the bacteria does live on steel surfaces even. in fact, it lives on steel surfaces. it can be, hand-to-hand contact. so it can be spread. the main thing to know is, that if you get symptoms you should be seeing your doctor. cheryl: i was looking at this report out of the u.k. and they it is kind of a frightening take on this particular superbug. they're forecasting up to 10 million deaths per year if we globally don't come up with a treatment for the superbug. that is an astonishing number. >> just to clarify, look at details of that study, essentially they pointed out 10 million deaths globally by 2050 okay. the actual u.s. number would be 300,000. cheryl: but either way it is 10 million deaths. >> we have different medical practices to other countries. that number doesn't necessarily have to be the case, let's say
2:27 pm
per country, depending what they do to prevent further superbugs because there could be others. cheryl: it could eclipse ebola. that is the frightening part of all of this. thank you so much doctor. appreciate your voice on this. >> thank you so much for having me. cheryl: if you have noticed voices on friends reruns are bit higher than you remember, you're not going crazy. cable's sneaky trick to fit in more commercials. forget going every it in a barrel. you might do better tackling nying a from falls with a pair of skates. a bitter chill giving chills to america's iconic water falls. we have a freeze frame and iconic ice coming up. ♪
2:28 pm
you, my friend are a master of diversification. who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*?
2:30 pm
2:31 pm
melissa: we are getting breaking news. a minnesota man has been charged to conspire to provide military support to isis. he was stopped in new york. he is at least the fourth person from the twin cities charged as a result of an ongoing investigation. an effort to join the terrorist group. you'll get more details as we get them. at&t is rolling out a new internet service for $70 a month. if you want privacy guess what that will cost you extra. if you want to avoid being tracked. jared levy and james. great to see you. charging for privacy is this stupid or brilliant?
2:32 pm
>> i do not like it. they are monetizing something that most consumers do not already know is happening. there is a myth about privacy and security. privacy an end amenities online. they will get away with it. melissa: they will anger their home customers. >> it is a money grab. this is all spawned out of that neutrality. we were going to extort the content providers. we can now go to you the consumer. if you want to pay cheaper prices, we will do that for you. if you don't, we will sell the information for you. it is just the way it is. you have to protect your cells.
2:33 pm
this is the way it is going. time warner, i am sure will at go. melissa: everything is changing every day, frankly. you have to make room for these ads when it comes to cable tv. speeding up sitcoms and movies in order to get our time for commercials. compression technology on the wizard of oz. this is according to a piece in the "wall street journal." obviously, there is audience erosion that is happening here. this is their solution. a lot of people in washington are furious about this. >> this is not new. a lot of radio stations sped up records.
2:34 pm
i did this during the 1970s as a disc jockey. they are doing it here. some people like a faster pace world. the speeding up, people actually like it. melissa: i have an idea for this one. one of the co-creators for friends spoke up. she says she is. is. take less money in your distribution deal. >> that was an interesting take. i think this will propel or exacerbate people going away to go into more of netflix platforms. >> it is really just the idea of it. it will drive more stuff away. more content away and dollars away from those companies. melissa: i want to stay on the
2:35 pm
hollywood theme for a second. richard drive is as bernie madoff. jim, i am not so sure. >> waiting for the day where we actually show the madoff scandal by changing and retiring the ponzi scheme. the side of madoff was just so much larger. i think we are getting closer to the renaming of a ponzi scheme. melissa: they will go back in time and show how he got to that point. we do not really talk about that much. >> i think that will be fascinating to see. robert deniro. there has been talk about him also playing that role.
2:36 pm
>> the history of how he ended up to be such a crook. thank you very much. appreciate it. be sure to catch strange inheritance tonight at 9:00 p.m. eastern time. jamie colby. another family with a world record car collection. the cars are amazing. you do not want to miss this episode. more news. isis is advancing in northern africa. plus, preparing for the next generation. how countries are working to get millennial's in the door. at the end of the day it is all about money. ♪ right? wrong. because you're not you you're a cancer hospital and your daughter... she's a team of leading researchers... and that brilliant idea is a breakthrough in patient treatment that could save thousands of lives. which means you need a diverse
2:37 pm
team of advisors helping you. from research data analytics all the way to transformation of clinical care. so you call pwc. the right people to get the extraordinary done. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the 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. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.
2:38 pm
♪ cheryl: i have your fox business brief. jeff bush already making some good friends in high places. benjamin netanyahu tweeting a message of thanks to bush. jeb bush rupp lied by saying he was anxious to hear what the prime minister had to say. samsung giving apple pay a run for its money. the mobile payment startup works with a system. something that apple has struggled with.
2:39 pm
2:40 pm
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.
2:41 pm
melissa: europe on edge. less than 500 miles away from italy. now reports of a sinister new plan. a psychological weapon. that is according to telephone conversations listed into by authorities. the italian's will want to rescue all of those on board. separate reports clearly detailing their plans to hide jihad among refugees heading to europe. this comes as military leaders meet in saudi arabia. fox news is in jerusalem. >> these military leaders trying to figure out what to do about isis. something needs to be done.
2:42 pm
the arab countries make up the coalition. generally supporting the u.s. and nato. taking a much larger and active role. pushing the arab countries to do more. none of them are talking about any type of ground operation. everyone agrees that airstrikes have a limited ability to defeat and impact isis. what can be done. no country really wants to commit any ground. the idea of the plan is to train and equip the iraqi army. let them handle the fighting. there is also a limited plan. that, so far, has been a plan in place for several years now and really done nothing, in large part. what it is being discussed is
2:43 pm
trying to get saudia arabia to dial down their support for an extremist ideology that they claim is their version of islam. that is the foundations for isis. something the u.s. and nato countries have been pushing other countries to do. so far very little success in trying to get saudi arabia and other countries to tone down this level. back to you. melissa: thank you very much for that update. let's check in with liz claman. liz: we are keeping our eye on local stocks. jumping 3% right now. how can you imagine this?
2:44 pm
gaming 2 million customers in just a couple of weeks. t-mobile has done it. he is joining me at 3:00 p.m. eastern. why he is suddenly it was fearful and more annoyed by his competitors. he is one of the gutsiest ceos and will be joining us. a very interesting development. it is costing the u.s. approximately $2 billion a day. the advent of the container has changed the whole picture of all of this. this is costing everybody a lot of money.
2:45 pm
2:46 pm
♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five but now is a good time to get the ball rolling. keep in mind medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans
2:47 pm
insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free [decision guide]. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans
2:48 pm
endorsed by aarp an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free [decision guide] and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ melissa: whether it is on wall street or main street, money. nearly $2 billion. that includes a very generous donation from overseas.
2:49 pm
interesting if anyone decides to run for president. the head of price media reports out. 300 grand on a dinner at the collage she held in las vegas. thirty people as well as bottles of wine. more americans are finding jobs. combined with baby boomers. the ceo of the executive search. 25 million donors will retire.
2:50 pm
>> that is correct. they are starting to retire 10,000 folks a day. a tremendous amount of intellectual horsepower that is leading the generation. extremely bright. very well educated. looking at the culture and the business very differently. melissa: the next generation coming up is the millennial generation. the next generation that is coming right behind the boomers are the gen xers. 30 million less gen xers then there are baby boomers. about 30 million gen x. somewhere around 80 million. melissa: you were saying that the millennial's do not have the culture, the experience. they are not grown-up enough to
2:51 pm
2:52 pm
attitudes are just not as professional. >> i think it is actually a perception. i think it is very doable. melissa: julie, thank you very much for coming. niagara falls completely frozen over. as far as that south of the gulf coast. jeff flock reporting from chicago where we are near the highs of the day. it feels like 13 below.
2:53 pm
a brutal cold day. a terrible winter. broke a 79 year record. seventy-eight for a low this morning. the fourth time this year that schools have been closed as a result of the cold. the temperatures at noon, you get a windchill that is colder where you are. you have made a residency air or. now that i think about it, there you go. melissa: put a hat on. you are making them cold.
2:54 pm
2:57 pm
>> rolling out the swag. the oscars are just days away. hollywood stars are reaching for the gold. if you don't win not all bad news. this year's gift bags for nominees are worth a record $167,000. here's a reporter for fox news.com. this is almost -- this is a record for these bags. >> in 2005, it was only 150,000. so they're coming up a little bit extra with 17,000 more in that gift bag. but this is -- all celebrities
2:58 pm
that are rich and famous need more riches. it's insane. >> they do have to pay taxes on them, by the way. we should institute that. >> now we can all shed a tear. >> let's talk about what are in these bags. holiday in tuscany, years' worth of silver car rentals. a bicycle. >> yes, it's custom made for you. all these things retail for $12,000. that trip to tuscany is $14,000. the psychic can travel to you and can give you a read but teach you how to control people's minds. >> psychics, wow, a smart psychic charging 20 grand for that. also an adult toy collection. "50 shades of gray" made a lot of money. are we seeing a trend --
2:59 pm
>> there is a reasoning for why. it was that meryl streep couldn't go and buy these herself. it's a way for celebrities to not get caught buying -- >> buying sex toys at the store. let's talk about the oscars on sunday. a lot of independent films. it should be an amazing broadcast. >> it will be for sure. >> patrick harris. >> if i was a psychic, i would put my money on "boyhood" taking home best picture for sure. if it was the american movie goer, it would be "american sniper." >> despite all the political backlash against the movie as well. have you seen all the movies yet? >> i have not seen all the movies. a lot to cover. i've been busy with the celebrity pop culture. celebrities keep you busy. >> what will they wear? >> yeah. that's been getting a lot of controversy too. all the celebrities are saying,
3:00 pm
we don't want to tell you. >> thank you very much. appreciate the oscar wrap up. that is all for now. i hope you're making money today. "countdown" starts now. liz: well, cheryl, the nasdaq is making money. we're watching the markets as germany says nein to greece's offer. does that mean greece will have to go it alone? a so-called -- what effect will that have on your money here in the united states? our traders and incredibly smart money strategists have the answers on what to be in now to get through these bumps with greece. walmart's ceo says seasonal goods and office furniture will be impacted as a result of support slowdown. the economy suffers. so where are we on a solution? and how did we get here in the first place? the scoop from the man who knows the shipping business inside and out. see those cranes, and see those big boxes? guess what, that's what's at stake.
93 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on