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tv   MONEY With Melissa Francis  FOX Business  February 25, 2015 2:00pm-3:01pm EST

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jamie colby. melissa francis. did you love that kim card card story. no one would disagree she was great assets? melissa: i move on from that, adam shapiro. deals still a four-letter word in washington. come poe prize pushed to the backburner as president obama forges ahead to executive orders u.s. government gets closer to government shutdown. no one is spared of the isis's new handbook. outlining plans to harass europe. starting in rome. robots coming sooner than you think. one company made an artificial assistant and plans to install one in every home? proving there is market for anything. how one boston man is capitalizing snowfall, selling white stuff from own front yard. selling snow. it is genius. even when they say it's not it is always about money.
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melissa: new congress, same old d.c. president obama fighting back on immigration, heading to miami to tout his executive orders, just a day after swiftly vetoing the keystone xl pipeline and returning the bill to the senate. and the government shutdown de jure is less than three days away. we heard the promises for compromise but, we're left with the same old results. let's bring in today's panel. fox business's own charlie gasparino. we have tom sullivan here as well. along with pete health seth -- hegseth, concerned veterans for america and fox news contributor. pete surprises you to see gridlock in washington? >> big surprise. be interesting to see where this lands for a long time the president was able to hide behind harry reid in the senate. he would block a great deal what came through. part on. that gridlock to couldn't to
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1600 pennsylvania avenue which create as difficult situation for president and democrats. melissa: tom sullivan? >> everything is done for political score. that saul this is. we're into the new era. some described as veto era. the president hasn't vetoed but five things. now he will. this will be pretty common from him. and i don't think he cares. melissa: he has been kept insulated that is the point. reason why vetoes are so low everything was kept from his desk. here it comes. so we'll see. charlie gasparino. >> i think one of the reasons why you don't see markets move on any of this stuff, because they often do move on public policy matters. melissa: it is so inconsequential, gridlock right now, we're in a point right now where the president says something, congress says something, nothing's happening. it is almost a nonstory at this point. >> there is a lot of people who like gridlock. melissa: originally. look at markets t was still another record day on wall street. dow and s&p hitting new all-time highs as we're talking about this yeah. go ahead charlie. >> what was more important
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janet yellen or barack obama's veto? >> janet yellen. melissa: janet yellen is the most important thing on wall street. >> this is something, listen, my view is if the fed is not going to raise rates you would be crazy not to buy stocks right now. at some point the whole thing will blow up as we know it has to. there is a bubble here. >> janet tells us she will give a warning before that happens. >> if she does race it it will be 25 basis points. >> what you're saying gridlock is effectively baked in. market factors perpetual gridlock. could go higher with keystone pipeline, if we have business-friendly proposals would get a real hearing -- >> should go lower i think because oil prices will go down and markets will go lower. >> that too. melissa: mystery in paris for second night in a row. drones are seen flying over famous landmarks. an investigation is underway who is flying these drones and y what is your take on this story?
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>> experts say these are sophisticated drones. they're not metallic. they're not weaponized. likely someone messing with authorities. melissa: think it's a regular person? >> there were al jazeera journalists flying things outside city to test things. are they probing. messing with authorities. trying to perpetuate fear. in a city with that much surveillance just had the attacks, they can't catch these guys. melissa: seems like a pretty stupid thing to do. first night everybody talks about it. get out there second night when they seem to be thinking national security situation. if you're just a prankster, setting yourself up for very serious trouble. tom. >> i'm with pete on this the question baffles me the fact you should track where these came from and where they went to but they obviously don't have that capability, i don't know if we do either. >> sure. >> i presume it is somebody harmless. i presume some 16-year-old kid that got one from the hobby shop. but, but you don't know. melissa: you do? why wouldn't it be isis?
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why wouldn't they take up drones next? to look at what is going on blow something up? >> they would and they will. we live in a world where we had dominance of the skies. always assumed america will own that we're going into 21st century age where drones will proliferate. our enemies will have them. terrorist groups, individuals can use them. we haven't addressed our defensive systems to look at new capabilities. melissa: thinking of things flying through the sky or not grounded they can still fly but federal officials are allowing southwest airlines to fly 130 planes a 1/5 of its feet fleet after they missed inspection. they're giving them five days to operate while they inspect the jets. these things try to stay up in the air. >> the thing i find fascinating about, southwest has been in trouble before for missing inspections. there is something wrong at southwest. they're a great airline. this isn't that big of a deal short term, if you miss it by a
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few days. but the fact that they're operations system keeps missing these deadlines. everybody knows, faa inspection deadlines are gold. you just do not go past them. for them to miss it and go oops they turned themselves in on it. it also makes me wonder about the coziness been there between the regulator and company. the regulator should have said, southwest. you're past due. park your planes. melissa: what do you guys think. >> i agree? >> i agree as well. >> try to argue about this but -- >> i don't know how to keep up with all the regulations. how critical is the regulation if they're allowed to keep flying? obviously it is important. you have to have a deadline but if they're still flying -- >> the cozy part. it will cost southwest a lot of money. melissa: but if something goes wrong. >> if you're on southwest plane this afternoon how do you feel? melissa: absolutely you feel like people on delta losing track of several westminster
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dogs. did you hear about this one? owners claim the airline lost their animals at jfk airport. eventually all the dogs were returned to proper homes. this is another really crazy story because i think five different dogs that were leaving the westminster dog show. they were boarding the plane. one of the owners said i didn't see my dog get on the plane. what is going on out there? they were offered option going ahead to the final destination to wait to see what was going on with the dogs. the dogs didn't get on the plane of the very sketchy what happened here. eventually dealt at that spokesman, the dogs missed their flight so to speak. these are valuable animals. >> very. very, show dogs. >> and people feel about their dogs, i don't care if it is the mutt but this is fluffy the expensive dogs. these dogs are more precious to some of these people than their children. would you leave your children have them come on sinned them on whatever flight. >> dog is delicacy in some come on now.
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not these dogs. >> my property date ad woman -- melissa: somehow family members she ate dog. >> it's a delicacy. melissa: i don't know what i'm supposed to do with that. anyone out there help me? no no. let's move right on. morgan stanley,. >> he did. melissa: embracing -- >> he ate dogs. melissa: the bank made a 10 minute parody of "the hunger games" showing employees trying to kill each other for jobs. >> nbc. got it mixed up. melissa: there you go. first reported by investment news. march begin games. manager on fire. shot for conference. ultimately shelved. this is the big thing everybody everybody is watching online. we're not allowed -- >> we have breaking news. get the headlines up. here what we know. morgan stanley spent $100,000 -- melissa: on that thing? i watched it was really boring. >> they were senior people from morgan stanley in there. so the someone at the company
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sanctioned it but we do know is that morgan stanley is investigating who sanctioned it. one of the things they're worried about is that this thing was leaked out because it never made it to air, right? the brokers, it was obviously leaked out by either disgruntled employee or someone out to get them. so they are actively investigating this. i will point out this what gets senior management of morgan stanley really annoyed about video, of cost cuts. they are cost cutting in there right now. part of their thing. they're taking it this is parody of their cost cutting. melissa: irony, parody of cot cutting, cost $100,000 was yanked before anyone saw it but it has leaked online. we're not showing it to you, because everybody is trying to keep it under wraps. it is pretty boring. >> it was pretty boring. there were senior morgan stanley executives in that video. melissa: they spent a lot of time working on it. >> we should show it. >> i know. >> someone will get fired over this thing. i'm telling you the company is
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livid right now. >> is it online? melissa: yes. come to my office. we'll show it to you. >> if you think it is just a parody -- >> didn't see light of day? melissa: no. now everybody is watching it on line. apple of their eye going where no sit come has gone before. "modern family" takes place on screen of a math book shot with iphones, ipads. wave of the future. the whole i episode. >> it may be home wave of future. took them three months to produce. melissa: >> i saw you on there? melissa: i think i should insulted about that. >> caught out corner of my eye. >> took them three months to produce it. convenient and easy. if you want to put it on tv better have three months -- melissa: took longer but looks really -- no yeah. i wish. she makes more money than i do. >> i heard it was the next one. there is another blonde.
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melissa: help me with the actress's name. i tried. tipping point for small business, the knew minimum wage increase that is being called, an outrageous and unprecedented hike. plus it is all about that space. the second spacewalk in five days for nasa. lucky astronauts. more "money" coming up.
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melissa: restaurant owners pushing back against a controversial wage hike in new york. hundreds of thousands of tipped workers will see their pay rise to minimum of $7.50 an hour. that is before tips. that is up from an average of $5 an hour. here with me, steve moore from the heritage foundation. fox news contributor. matt welch editor-in-chief of "reason" magazine and tracy byrnes from fox business. steve moore, let me start with you. what do you make of this? >> i used to have a tips job.
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melissa: me too. >> i worked as server. if you're good at it, you can make some of these tip servers can make $30 an hour sometimes $40 an hour. all money is from the tips. if you make it more expensive to hire these people by raising quote, the minimum wage it will mean there is less of these people. you don't know who but i will be served by? served by an ipad, not a waiter. that is what is going to happen. it will mechanize anything. melissa: that is irony of this, matt welch. you make it more expensive per hour, make majority of tips, cut back hours and will lose money. >> of course that is the whole point of it. blue state, big city mayors and city councils love nothing more than to treat tourist money as if it will last forever. it is theirs. it is automatic. so you can raise minimum wage to living rage near airport hotels. all hotels. restaurants in the tourist area. all restaurants. you will wake up one mourning and see that tourists aren't
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coming. when they do they will get around those things. they will go to home restaurants and businesses that don't actually have to deal with minimum wage. that will hurt everybody. melissa: tracy? >> you have a 50% payroll increase for small businesses is what you're seeing right now. by moving from $5 to 7.50, 50%. you know what that means? steve is dead on. ipads everywhere. melissa: right. >> seeing in applebee's. it is out there. this will hurt workers at end of the day. melissa: future filled with robots, maybe a bleak one for human workers. new study warning no matter scenario robot economy will hurt humans that created it. this is bureau of economic research. it confirms what we already thought. they say when a robot replace as person, there will be a person hired in order to fix or create those robots? this study confirms that the robot, maybe knocks three or four jobs out of the work place. there is maybe one new job to fix the robot. so the ratio net-net.
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humans losing big time. steve moore? >> there is already robots out there destroyed one industry. they're called tractors. they totally replaced millions of workers in agriculture. i don't think that was such a bad thing for consumers or workers. look, these kind of technological changes make life on earth better. make american workers better paid because they become more productive on the job. like saying get rid of atm machines. melissa: yeah. tracy. >> i think robots will start a union so they're not kicked like that anymore. >> called artificial intelligence. melissa: either way though, for every job that a robot is doing we have industries bumping up popping up all over the place. melissa: matt last word. >> we've been talking about robots for 100 years now. in that 100 years has been the most prosperous century in our lifetimes. also increasingly the most peaceful because we're always afraid of them becoming skynet and killing us as well. which a lot of people talk about these days. it is okay.
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we'll be fine. >> the goal is none of us have to work because robots do all the work for us. melissa: thanks, guys. >> robot tv anchors. i can't wait. we know a few already. siri got a body. how one company made a physical version of the personal assistant. it is ready to greet you as soon as you get home. plus here is one way to get around all that snow. bikers in boston carving huge tunnels all around town. look at that! so cool. do you ever have too much snow? ♪
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he's out there. there's a guy out there whose making a name for himself in a sport where your name and maybe a number are what define you. somewhere in that pack is a driver that can intimidate the intimidator. a guy that can take the king 7 and make it 8. heck. maybe even 9. make no mistake about it. they're out there. i guarantee it. welcome to the nascar xfinity series. ♪ melissa: from the u.s. to every corner of the globe money is
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flying around the world today, starting in japan. where a new leak at the crippled fukushima plant may have gone unreported for months? plant officials say they detected the leak way back in april of last year when radiation levels spiked 70 times above normal. the governor of fukushima has criticized the plant for putting nearby communities and fisher american at risk. over to jamaica where marijuana is now legal in small amounts. people there can grow up to five plants on their property. hmmm. possession of up to two ounces of weed will be treated as just a petty offense of the aisle land nation is creating a cannabis licensing authority. to help regulate the sale of medical pot. whole thing south of control. landing in china where people are paying hundreds of thousands of dollars, for pigeons. these are no ordinary birds they say. they're belgian racer pigeons which can make owners millions of dollars each time they win in
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illegal competitions. hmmm. most expensive pigeons ever sold, is bolt. he sold for 50,000 bucks. that -- 350,000 bucks. that is a lot for a pigeon. here is a walk to remember. astronauts exiting the international space station and breezing through a cable job. it is their second spacewalk in five days, with astronauts butch and terry preparing the lab for the arrival of a future crew. they slowly unrealed two more cables. they had the tediously lubricate screws and brackets. all this took six 1/2 hours. how cool is that picture? look at that. wow! imagine being welcomed home each day by your very own robot makes you coffee, arranges your schedule, talks you through a recipe to cook it. that is what robot base is taking. artificial personal assistant in your home. like apple's siri in physical
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form. we have the ceo and also the robot, very lovely. what does this robot do exactly? >> sure. thank you for having me here. so basically i i have a maya have basic sensors. melissa: here name is maya? >> okay. melissa: i could probably name anything i want. i spent whatever it is 1000, to 20,000 bucks for -- 2,000 bucks. >> she can remember your face and optics around here. she can detect speech and say. move around autonomously. by combining those things she can perform very complex tasks. melissa: can you do something with her. >> she is wearing microphone. so i guess she is ready to go. >> i show you a couple features. melissa: okay, go ahead. >> read story to kids. >> and the princess followed the deer toward the enchanted. melissa: okay. well that is pretty cool, except my ipad can do that.
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why do i need her to do that? >> so i think, between kid and ipad different between interaction between kid and robot. talking to a person now. i'm reading story and changes light color of the room. melissa: she can sense what is going on? patrol your home while you're away. make sure nothing out of the ordinary. lower the room temperature. check on the pets. i can imagine a lot of cats and dogs terrified of a rolling robot. read bet time stories. read recipes as you cook. help you with styling while you get dressed? does that mean she can see me? >> she can recognize bunch of different objects. wear the shirts over jean and more data we feed to her, more she can recognize. melissa: can wake you in the morning which is her taking her life in her hands. can arrange her schedule. how can she arrange your schedule, i don't understand that? >> similar to the asked meeting.
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schedule meeting with john at 9:00 a.m. and talk to john to schedule a meeting. melissa: very cool. retail on, retail price is a thousand dollars. when do these comes out? >> ship at end of the year. melissa: thank you so much. one nfl team going for 50 shades of brown. why their bold new logo leaves a little something to be desired. plus, while you were shelling snow out of the driveway, one guy was selling it for cold hard cash. a boston man is making money selling snow. we promise this is not a joke. a run for your money up next. ♪ [ male announcer ] whether it takes 200,000 parts ♪ ♪ 800,000 hours of supercomputing time 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's
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it's even backed by a $1 million service guarantee. look, over 70 million people had their personal information stolen in recent security breaches, so be ready in case your data is part of a breach with identity-theft protection from lifelock. call now to try lifelock risk-free for 60 days. act now and get this document shredder free. that's a $29 value. or go to lifelock.com/ready. that's lifelock.com/ready. try lifelock risk-free for 60 days and get this document shredder free, a $29 value when you use promo code "ready." call now. melissa: an unusual sight in dallas this morning.
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targeting more than 20 million americans from texas to the carolinas. only briefly before another cold blast is it to move in. some folks solving the problem by building snow tunnels. it is genius. winter storm warning in effect with forecasters calling for as much as 4 inches of snow. john roberts has the latest. >> aren't you glad you aren't living in the sunny south today. the proof will be in the
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footing. they are doing everything they can to avoid a repeat of what they did last year. people took hours to get home. laying down a 23% soft solution. that way when the snow hits it, it melts. schools were closed today. other businesses starting to close down at 2:00 o'clock. these roads would be clear. >> as opposed to just coming out and saying you will have terrible snow. folks will still have an opportunity to get out of here at 2:00 o'clock and get home.
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>> these pictures start to show what could lie ahead. it could be east of north carolina. rally area. delta airlines saying they canceled 450 flights today. there may also be more cancellations tomorrow. today, it does not look too bad. all that snow blanketing boston. melissa: a man founded a website that is shipping snow to people across the country. he cannot guarantee that it will not melt. kyle joins us now on the phone.
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we are celebrating you and applauding you. you are packing up snow and mailing it to folks. who wants to buy snow from boston kyle? $20 for 16.9 ounces. you will not guarantee that it will arrive as snow. have you heard from angry customers saying they just received a bottle of water? it turns out that people do not mind. they are in it for the job. that is more of the job product. i have a more serious product that costs $90. >> for $90, it you have the 6-pound block of that tune. does that show up that snow? >> it does.
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absolutely. i package it in a plastic bag and then wrap it in tinfoil. i put it in a thick plastic styrofoam container. it is good for about 20-30 snowballs. >> what is somebody buying this amount of snow for? >> people in california that do not have access to snow or texas or arizona, i think it is just for kids to see their first little bit of snow. melissa: kyle, we applaud you. how much have you sold so far? >> -- melissa: wow. that is incredible. way to make lemonade out of lemons.
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we have an update on the story we brought you at the top of the hour. we now have morgan stanley's 10 minute parody video of the hunger games. manager on fire. it was shot for a conference last year. it cost $100,000 to make it. really? charles: killed this thing before it actually went out there. it was going to be shown at the broker management meeting. he said no. they killed it down. they did spend money on it which is ridiculous. they are investigating who leaked it. they think it could be a disgruntled employee. they week this thing as they were going around. focus. a senior executive that describe this thing as bad corn.
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somebody could get fired over this too. this is not like a secret thing. i believe that that gentleman works at morgan stanley. this is going to be -- melissa: i try to watch the whole thing. >> this is the talk of wall street. morgan stanley and investigating this. they think it is a disgruntled employee. they spent $100,000. melissa: thank you so much. isis detailing a plan to conquer it in just five years. topping the charts for
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♪ melissa: i am melissa francis with your fox business brief. shares of hewlett packard tanking right now. revenue last quarter fell nearly 5%.
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hotel chains partnering up with uber. rdnt edo en renights start at 3000 points. the supreme court showing sympathy for a muslim woman. the warming claims that the retailer did not hire her because her black headscarf was against the dress code. that is the latest from the fox business network. giving you the power to prosper. ♪
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you can call me shallow... but, i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment.
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real mature. so you wanna get out of here? go national. go like a pro. melissa: we have breaking news right now. the fbi arresting repro: men who allegedly planned to join isis in syria and carry out terror attacks on new york city. they ranged in age from 19-30. the youngest of the three arrested at jfk airport as he was about to board a flight to instant bull. e-book titled black flags from rome. a takeover of the entire
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continent. europe g hodges. this threat comes amid reports that isis has another 150 christians from serious. there is a lot to digest here. let's start with this e-book and how it lays out their strategy. what is your take on that? we ignored this sophistication at our peril. clearly, that is not the case. isis is the most technologically advanced terrorist group we have ever seen. it shows their strategic ambition. i do not think that they will choose to attack any time soon. at some point in the near future, they will start conduct
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gang attacks in europe. >> there are a lot of details in here. do we believe that? >> not only do we believe that it is observed that lead true. we see how many immigrants are coming out of europe. all they have to do is send out the message to those immigrants. stop coming here. stay where you are. it is clearly a two-stage solution for them. they are having a great deal of success. the second stage of that is now that we have supporters in every country in europe, tell them to stay in place and eventually, we will activate those cells. >> we think that they will be able to recruit left wing act to
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this. angry about what is going on in places like greece. strategy deed of not putting boots on the ground because the war in iraq was so popular. >> if you look back at the history of european terrorists, training a lot of the irish republican terrorists. the red army brigade and italy. a serious history of them cooperating with terrorists in the middle east. they are not on the same page. that really does not matter. melissa: thank you so much. very troubling. let's check in with with claman. liz: the dow still flying high.
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loose kanin drones. guess what. there is no video of these things flying across paris. we've got the cto of precision hop. one of the very few companies that is allowed to fly drones over the skies of some european nations. there is breaking news. we will be talking about that and the recipe for billions. we have two money managers working together more than $46 billion in assets. they will give you their recipe for billions. >> all right. the sniper that killed chris kyle faces life in prison with no chance of parole.
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police have arrested a 54-year-old man for possibly causing a train derailment in california. he is said to have abandoned a truck on the track before walking away. buick and toyota are expected to be second and third place. featuring a unique fortune. you will not want to miss this one. lebron james and mcdonald's. one of the biggest endorsers. plus victoria's secret losing at sex appeal. how is that possible. models leaving the brand. no, it is not just an excuse to
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♪ melissa: whether it is on wall street or main street, here is who is making money today. a quarter that is mostly because of the penguins of madagascar movie. that was a terrible movie. $200 million. shares up around 5% did steven spielberg cast of over 5 million shares. fighting the hand that feeds them. towing make donald under the
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bus. lebron's was courted by the media saying he did not get serious about his health and training until he ditched big macs. he backtracked and said he still has one mcmuffin a day. orange is the new black. purely similar to the old logo. those with a really good i could spot the difference of older fonts. i don't know. i wonder what they paid for that change. victoria's secret having a hard time getting their angels to stick around. they are not getting paid enough to wear those wings. older contracts reportedly worth millions. it is chump change. why would you even get out of
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that for that? $100,000. >> oh, my gosh. that is horrible. i don't get out of bed for less than 100,000. twenty-two years old. she wants to go back to school. she is doing an independent program. she wants to focus on her hobbies outside of modeling, which is probably acting. >> she is giving up her angel wings to go back to school? i find that so hard to imagine. >> that is what they are saying an end instagram post. melissa: well, you know, that is the gospel. absolutely true without question. heidi klum. a victoria's secret runway
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model. they are saying now that angels are sort of a dime a dozen. >> not necessarily a dime a dozen. a way that a model becomes a supermodel. they are getting more. they are becoming a brand. a time constraint. about faith two days a year. they could be working for maybelline or any other brand. melissa: the two that we mentioned before are household names in modeling terms. >> alexandria ambrosio. they may lose her. they still have other angels around. what would we do? melissa: thank you so much. check out shares of apple. continuing to move around here. pack a lawsuit.
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i tuned software in french on three patents held by smart / llc. one of america's most loved dog food brands is endangering man's best friend. very serious health concerns for your pooch. coming up next. ♪
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>> all right. a recent class action lawsuit targeting one of fnel, caueled as. the doctor from the referral group joins me now. first of all, do you believe the claims? >> i do, i do. there's just too many for them
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to be false. >> as we said, it's a class action lawsuit. they're looking for $5 million, but since 2010 more than 3000 people have gone on-line and complained. so those people, in essence, didn't have anything to gain at that moment going on-line and complaining? >> no, if you read the testimonials that's before the lawsuit came out and they want to warn people. >> what do you think is going on? >> i think it's poor quality control. either leaving top propylene glycol, the less toxic cousin to ethanol. >> it's probably a preservative, the fda approves it in human food as well in small amounts. >> in dogs it can cause what? >> liver damage and seizures signs with these cases. >> you have a dog here and you're a vet. you wouldn't give this to your
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own pets or recommend it? >> no, the scary thing is purina is a well-known brand and you think it's safe. >> i would like to say, obviously, it's not in their interest to put out dog foods that help dogs. they want to sell dog food. they contacted them and they said they believe the lawsuit is baseless and we intend to protect our brands. and beneful had two lawsuits filed with similar baseless allegations. and is this in other dog foods, do you think as well? >> it's absolutely in a lot of dog foods and owners need to be aware of that and look at ingredients they're feeding their dogs. >> what exactly are you looking for when you look at the label? >> just what you would eat yourself. if you can't pronounce it or don't want to eat it or put it in your boy, i wouldn't recommend giving to your dog. >> thank you for coming on. thank you pringles thanks for coming on. you look good.
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poor pringles looks terrified. we like pringles. we hope you're making money today. countdown with liz claman against now. liz: most of the market indexes, melissa. would you get o o aor southwest as the airline fails to inspect 128 rudders on its boeing 727 jets resulting in all kinds of cancellations and a scramble to remedy the situation. could journalists of the networks be the culprits in one case of the drones flying over paris? french police battling to stop the drones littering the skies of paris. we have breaking news on the story. a major break in the case. and the ceo of a major drone company approved to fly the skies of europe. what can be done to catch or ground les loose cannon

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