tv MONEY With Melissa Francis FOX Business March 17, 2015 2:00pm-3:01pm EDT
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ing by. is she wearing green? melissa: i sure am. we have a lot of news this hour. cheryl, thank you so much. we have late-breaking developments right now in the controversy over hillary clinton's emails. what the state department is saying about it right now that is brand new. giving it away the federal government hard at work spending your money i love this shelling it out to the wrong people new record for improper payments. are you kidding me? companies would like to think they know best. their new campaignses telling you what to think. oh, good. >> get ready to rumble. why mitt romney is getting in the ring with boxing legend evan der holyfield. even when they say it is not it is always about money. melissa: your tax dollars at work. a bombshell new report revealing the federal government wasted a
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record $125 billion on questionable benefits last year. that is according to the government accountability office. let's bring in today's panel. fox business's david asman, rich lowery, "national review" and also fox news contributor. over there is veronica daguerre, you recognize her from "the wall street journal" this report is so infuriating. i mean improper payments increased by 19 billion. they had been going down. this includes in addition to the fraud, errors and overpayments, underpayments and payments made without proper documentation. rich, let me start with you. >> well the core competency of government -- melissa: i'm sorry, the what? >> the core competency of government -- melissa: yeah, they don't have that. >> not even good at that. so look medicare, medicaid we've known forever, rife with fraud. the sail is true of the eitc, a major offender. as far as government programs go not a bad one but still gives away -- melissa: that is the earned income tax credit you're talking
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about which had nearly 18 billion in improper payments. this is the one we talk about new immigrants come in the country. file for back years when they were here illegally. that is 18 billion given away in improper payments. medicare is the leader of the pack. if you want so be leader among those giving away our money illegally. this is medicare payments to doctors and hospital, most improper payments at 46 billion. veronica. waste and so much fraud going on. what is sad people that actually need the money are not getting it because of all the fraud going on. especially when you talk about medicare and medicaid there is so much reform needed. but political will to get that done, good luck. >> what bothers me the most is misallocation of capital. this is $125 billion could have been put into the private sector, taken out of the private sector where it could have been allocated well for productive projects, all kinds of new businesses been created by this instead hard-earned dollars made
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by the middle class and upper class and capitalist system of america is going to waste for frivolous purposes. melissa: so true. this is my question. this is the government accountability office did the report and found so much fraud and waste. now what? so what? whose responsibility is it to get in there to stop this from happening? they now know exactly where it is. why isn't anyone doing anything about this? we asked who is responsible for following up looking in the own brain room. they said legally each individual agency now responsible. >> going to criticize themselves, they will do that. >> up to medicare to get in there and identify. no no, who is the police? who is the watchdog that goes in and enforces the law? >> it is not their money. this is the fundamental problem. no private enterprise would tolerate routinely this level of waste and fraud. >> there is one, there is one agency. melissa: who? >> every department has an inspector general. and the inspector general's
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office is supposed to look into fraud and abuse. we'll talk about it with regard to hillary looking into this thing. there is an independent inspector general in charge of every agency. are they asleep at the wheel? melissa: you mentioned hillary. i wanted to move on to hillary clinton. breaking news coming out of the state department. finally confirming -- >> oh interesting. melissa: if hillary clinton signed a epis race form when she left her job as secretary of state. listen. >> we have reviewed secretary clinton's official personnel file and administration file and do not have any record of her signing the of-109. in addition after looking into their official personnel files, we do not locate any record of either of her immediate predecessors signing this form. melissa: oh, yeah. nobody else signed it either. don't look here. look at everyone else you hear that sound? that is the sound of megyn kelly closing in on, i mean, watch
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yourself. here she comes. i mean that was the only answer they could come up with, right? god forbid they produced form she did sign. there would be hell to pay, rich. >> key phrases dealing with the clintons. old news, not technically illegal and everybody does it. melissa: everybody does it. >> state department offering that. melissa: you have a way to advance this. >> yeah. this, clearly is an issue in which there is enough suspicion about what happened to the emails that were deleted whether there was anybody present when these emails deleted who didn't have security clearance of the all sorts of things, so the inspector general needs to get involved. i have a very source close to the inspector general's in the national archives who read to me the following. we can put put up full screens. each inspector general will report expeditiously, to the attorney general when they have reasonable ground to be violations of federal criminal law. the inspector general is required by law when there is
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enough controversy to go to the attorney general and demand a subpoena to look into any documents or any server, computer, server, that is available that could be looked at. there is some, hillary's people said, hey, wait a minute. this is government property. no the server was on private property. it was a private server. so there is no conflict between the -- melissa: attorney general of president obama is not going to be motivated to go on this witch-hunt after hillary clinton. and witch-hunt -- >> i would sate to see, hate to see the kefuffle if he denied the ig coming to him saying we have the right to have a subpoena. melissa: are you sure? i don't know. rich don't you feel like they will weasel out from under this. >> of course they will weasel out. there is no will on the part of the obama administration holding her accountable. one thing driving story, at least the press for the moment really seized with this matter. melissa: markets seeing red. dow plunging triple dirge its as the fed kicks off two-day policy
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meeting. we'll have a official decision at this time tomorrow. tune in, followed by a news conference by fed chairman janet yellen. not to be left out oil is hitting a new six-year low. you want to take a peek at that. look at that. veronica, tell me what you think happen with the fed tomorrow? what is the first question for fed officials at the meeting? >> i want to hear if they will remove the word patience. we'll see about that we'll probably have more clarity what they're thinking about the economy on wednesday. and we'll go from there. i think that the timing of the rate increase we'll see when that happens also the pace. that is a key question we're all hanging on. melissa: do you think they take the word patient out? people backtracked on that. >> shows you how screwed up the world is. our economy is, that it rests on one damn word. aren't our markets a little stronger than to stand up for lack or addition of one word? melissa: good point. >> not very exciting word. we hang on one word make it something else. melissa: nobody in my house is
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patient at all. we're not familiar with that word. apple might be ready for prime time. the tech giant is preparing to launch its own television service in the fall according to "wall street journal" this is very interesting deal. it should be greeted with a little bit of skepticism. they're announcing this. they don't have the deal yet. don't necessarily know details. speculating 30 to 40 bucks. nbc universal is not in the group because they had a spat with apple. they're trying to tie together broadcasts to deliver it. what do you think. >> i think they could do it. the new apple iphone 6, has something called the hot spot app which allows to you create a hot spot without any cables in your house. create it by your phone with your at&t contract whatever it is somehow find a way to look that into the apple tv you don't have to pay anybody anything. you have already got it on your iphone. melissa: if you did that you wouldn't get our fantastic channel. >> you could find a way to stream it in. you could stream it in. melissa: if you just have apple. >> you could find a way.
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melissa: ready to rumble in salt lake city. mitt romney will take on evannedder holyfield in a charity boxing match. who wants to -- >> i love romney's comment. it will either be a very short or which i will be knocked unconscious. probably both. >> dedicated to charity for sure. i hope he knows evander is really good. really good. melissa: something he said makes him very likeable argues a little while ago, running for a certain office that he does this. rich does that smart a little bit. >> i'm over it. sort of. >> one thing that somebody, i can't remember who said it, it wasn't me. melissa: sure it wasn't. >> if is worth repeating, if he had been elected president when he ran against obama for obama's re-election, does anybody doubt whether he would have been reelected? you look what he did as governor. you look what he did when he was head of the olympic committee. you look what he did head of
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bain capital. the guy is a managerial genius. may not be a great campaigner. in fact he is a lousy campaigner. that is why he lost the election but a good organizer. melissa: thank you, gentlemen. the mystery surrounding robert durst continues to unravel. the billionaire facing a murder charge in los angeles, thanks to evidence in hbo's documentary. plus coke, paying big bucks to get your good graces. how the soda brand is marketing itself as a healthy snack. i'm not even kidding about that one. smart money coming up. ♪
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tyrone pugh was indicted by a grand jury in brooklyn, including charges of providing a material to a terror group. pugh was born in new jersey. he served in the air force four years. after leaving the air force he worked abroad. he worked for a number of u.s. and middle eastern and asian companies. he attempted to join isis after being fired from a job. it is in the form of a secret criminal complaint back in january but just now coming to light. we'll stay on the story and give you more details when we learn them. hbo's "the jinx," ratings surging for the show for the finale. the last episode was watched by 800,000 viewers according to nielsen that is 92% from the prior week. second airing of "the jinx" at 11:30 to include 250,000 viewers. that total for the night was
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1.5 million. the subject of the documentary, robert durst is charged with first-degree murder. fox news's john roberts has the latest. john what do you have? >> medical list, good afternoon, to you. amazing a arrest and related to a boosting a true crime program. robert durst at a court hearing oral liens parish magistrate held emordered him held until monday. possession after firearm, possession after firearm with a controlled substance that is little bit of marijuana. that carry as mandatory minimum sentence of 10 years. charged in los angeles with first agree murder with special circumstances. he could face the death penalty or very least, life in prison. his attorney dick deguerin that durst will fight the charges in l.a. >> bob durst did not kill susan berman. he doesn't know who did. that having been said, my concern is that the warrant that was issued in california was
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issued because of a television show and not because of facts. >> but first, durst needs to get back to los angeles in order to fight the charges. matt comb man, the man who put new orleans mayor ray nagin behind bars believes authorities here will pursue the weapons charges. >> i believe they will prosecute them this is not something meant to be a parlor game or parlor trick and the d.a. would not have filed those charges unless he was seriously growing to pursue the charges all the way to the court house here. >> if they do that, melissa robert durst could be here for months, not just days or weeks. back to you. melissa: amazing turn of events there, john, thank you so much. a few stories on our radar right now. american airlines shares soaring right now. that is on news its stock will be included in the s&p 500. the airline will replace allergan after the market close on friday. oil prices cutting losses
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briefly turning positive after hitting a fresh six-year low. experts say if a nuclear deal is reached with iran, it could open the floodgates for more oil into the market. nasa is issuing a stark warning on the california drought. it says the state only has enough water, to last one more year. then what? millions of israeli voters lining up at the polls as prime minister netanyahu seeks re-election. polls closing in just over an hour 1/2. officials here at home keeping a very close eye on the results. adam shapiro joins me now with more. adam, what do we expect? >> well, melissa voter turnout is pretty heavy in israel right now. the polls at 4:00 will close. that is 4:00 our time in the united states. although that might get some results through exit polling the actual formation of a government will take several weeks possibly a few months because in balance here is which party, whether it is benjamin net's likud party or zion it
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union led by isac herzog whether they get the nod to form a new government. at play the seats in knesset. no one in israel's history ever won a majority of the seats. more likely the zion it movement could pick up more seats than likud. if they pick up only four to six seats, it is possible if likud loses seats and form the government, and netanyahu would still be prime. if they get more than six seats in zionist union, and herzog would become prime minister. everyone is keeping a eye on that. last night, mr. netanyahu said there would be no palestinian state while he is prime minister. just recently mr. herzog said he takes the two-state solution seriously. he would give 100% effort not guaranteeing 100% outcome to a two-state solution with the palestinians. melissa: adam, thank you so much for that report. we'll stay on top of that as well. we have no breaking news right
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now. illinois representative aaron shock is set to reson according to "politico." the 33-year-old republican has been plagued by questions about his spending of taxpayer and campaign dollars over the last few weeks. there ace new way to send your children to school. not everyone is happening about this one. busy parents are putting their kids in an uber? you will chat this one out next. you don't want to miss this debate. plus the end of the runway for gisele. why the world's biggest supermodel taking a little bit of time off. do you ever have too much gisele? i mean money? ♪ 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
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over a new way to carpool. according to a report in the "washington post," some parents are opting to skip the drive to school counting on uber to get them before the bell by themselves. stick them in there, see ya. not everyone is sold on uber being a modern school bus. we'll hash that out. we have the princeton mom. along with matt welch, editor-in-chief of "reason" magazine. thanks to both of you. susan, what do you they have the idea? call them, uber. sally -- >> no. melissa: no? why? >> you don't put your child in a car with stranger and say see you later. no, that is irresponsible parenting. we certainly don't do that. this is part of what is means to be a parent. get kids up in the morning make sure they're dressed properly and homework is done, get them to school. why do they have to be in a car all together? why aren't they walking to school? we have obesity epidemic among young people. maybe a good idea if they walked
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to school. that is not a possibility? or walk to the bus or take the subway. melissa: the subway is safer? the bus is safer? >> of course it is. of course it is, i don't know about that. >> i wouldn't say that the bus is safer. i live in new york city. melissa: me too. >> i'm hot sure that the local bus drivers union getting the contracts here are the most safe source of drivers out there. i don't know if you ever seen kids on a school bus but not exactly the safest way you could have ever. >> i understand that but -- melissa: one at a time. >> question of choice. the wonderful thing about markets, they give us choices of different ways to go and one of the things and uber and other ride sharing services do, they allow us to assess people's level of trust including your own. it does thing a cab company can not. that a bus driver provided by schools can not. it tells us this person is trustworthy. they have a new choice for people who want to put kids in cars. melissa: this is the argument. this is a modern society right now. i live in manhattan. there is not a school bus
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thattation kids to school necessarily, unless you go to one of the public schools in your neighborhood. >> right. melissa: plenty of parents with small children, if they're not working moms. with small kids you go out in the snow with the baby to schlep the other one. >> yes you do. yes you do. you even wake the baby up from a nap and stick them in the stroller with his blankets and stuff to get to school. not only to get the older one to school on time but second time to pick them up and bring them home. that is what it is. that is job of parenting. >> i think this is totally commendable. my hat's off to you. i walk my daughter to school every day. >> right. >> nice thing for parents to do but i don't think it is only mode we can say in the modern society. there are other things to do. >> there are so many ways of completely abandoning our responsibility as parents and sticking your kid in a car with a string stranger is just one of them. melissa: for the record. put kids in back of my car. drive them to school in the
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morning. idea of being able to send them like that is e iting. my husband and i talked about this. if something happened. it would be your fault. you would never forgive yourself. >> that is exactly right. melissa: thanks for you both coming on, we appreciate it. thank you. it is 7:00 a.m., do you know your stance on hot-button issues? starbucks is looking to ease race relations. starbucks one latte at a time. are you kidding me! windy city is not only one rejoicing on st. patrick's day. we'll show you some other landmarks getting their green on liker money. "piles of money" coming up and lots of green. ♪
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the smaller cokes or more nutritious than smaller cokes because of less coke. >> it has fewer calories. it is less harmful but neither of them are actually nutritious. small steps to a healthier you. the founder and owner of said love. having a favorite beverage by reaching to a coca-cola mini can and enjoy. >> i do not know about you but i certainly consider caffeine nutritious. the one issue is these nutritionists having no shame or principles when it comes to providing people when they depend and trust them for information. it is all about proportions.
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i think that coke has done a good job tailoring to fitness trends we have seen over the last few years. melissa: they just take it a step too far. you can save those calories and have a coke. that is fine. everyone has a right to do with. it is the creepiness. that is what really bothers me. your next starbucks latte comes with a piping hot cup of social commentary. ceo how rituals pushing a race together campaign.
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discussing race relations with customers. if you get a cup that says race together your paris priest will randomly out of nowhere strike up a conversation about race. the last thing i need is someone to talk to me about race, i don't know, religion, politics. >> i think that this is ridiculous. overcoming race is huge. if you live with each other and you don't discuss it, that is a big problem. 40% of starbucks employees are minority workers. it is absolutely ridiculous.
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companies can do what they want, but i think the way you deal with race issues is by living in harmony with each other. will it become more of an issue when there is an issue there? >> they are supposed to make your coffee. people like. it is not their business. that is not what i am going in therefore specifically. >> the idea that you have a meaningful conversation while ordering a soy cappuccino at 8:00 o'clock in the morning is completely absurd. starbucks shareholders will not have to worry about it. if they really pushed on this, it would be reason to go to dunkin donuts. >> i cannot even take it.
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we are creating an incident for no reason. thank you. stocks down. this but off session lows. check out oil. crude oil settling at the lowest level since march 2009. let's go to nicole petallides on the floor of the new york stock exchange. when i get my coffee, just asked me about the weather i will say it is nice out and we will move along. as you noted we will have a flood of shares into the market tomorrow. the period expires and you get a flood of new shares. stephen nicholas put a buy rating on this.
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some others are a little worried about the counterfeit products they have to deal with. the department of justice is charging a u.s. airport veteran for providing support to isis. a federal grand jury in new york city indicted him for attempting to provide materials to the group. here is what we know about him. he was born in new jersey. he served in the u.s. air force for four years. he worked for a number of u.s. and italy eastern aviation companies and attempted to join isis after being fired from a job. he was set to be arraigned tomorrow morning. a teenage boy gets a life-changing gift. we will have an exclusive
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interview with and then using that knowledge he to tackle today's biggest health issues. even after leaving the cat walk, she still makes more and her husband tom brady. i love that. at the end of the day it is all about cap money. ♪ 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. your mom's got your back. your friends have your back. your dog's definitely got your back.
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♪ melissa: i am melissa francis with your fox business brief here it the first direct flight leaving to cuba. priced at $850. restricted to government workers and journalists. you can also go if you have family there. mcdonald's workers filing new claims of hazardous conditions. poor work conditions led to injuries from hot grills and fires. one worker claims he was told to suit a burned -- trying to clone a woolly mammoth. using dna extracted from mammoth tissue. that is the latest from the fox business network.
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it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next. melissa: there you go to. the world's highest paid model stepping off the road after 20 years of strutting her stuff. she was out there when she was 14. walking the catwalk for the last
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time next month. >> she is not giving up a set. >> that is exactly the point. her fortune came from her major deals with h hml under armour. she has a sample line. she has a lingerie line. she makes more money than her husband. >> absolutely. why did she do runway before? >> she wanted to be a volleyball player. she became a runway angel at the age of 14. her body is still unbelievable. >> shooting the victoria's secret swimsuit catalog. i was there with my husband. it was awful.
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she changed into this song. it was horrible. my husband did not think it was that terrible. she has already made all of this money. what is the advantage? >> a high-fashion model. big names. that is what she knew. i also find it ironic that she is finishing up her runway career in error country. >> my friend does some so cycle with her. we know that she works out. we do not know if that is how hard it is to have a body like that. when you are 30, it is harder to keep the weight off.
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>> 33,000. weeklong technology event. jolene kent is live with the founders of a company that uses existing technology. >> hey melissa. an exclusive interview. thank you so much for joining me today. you are the founder and ceo. you guys are doing something really amazing for children all around the world. >> 2013. november 203 team. we went in and we printed an arm for a boy who have lost both of his arms in the war. he was able to feed himself for the first time in two years.
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we taught his entire village. they were able to continue. >> that is an amazing piece of technology. you default as a company. what are you guys doing now? >> everything we do is technology. people taking the newest stuff and giving it to the people that are the most volatile. >> we have a product that will help kids with cerebral palsy learn how to walk within a year. what has the reaction been in the medical community? you guys are turning around prospects faster than other health professionals are able to hear it. >> we are not really worried about the medical community. the people that need prosthetics
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or wheelchairs that is something we are trying to address. there is commissioned less innovation. we just go and make it and then we give it away to the crowd and they continue to improve it. these guys are actually finalists in an innovation award. we will find out tonight how they do. thank you. >> good luck to them. that is amazing. the shore to watch fox business is new show strange inheritance. a family that inherits furniture worth a pretty penny. also be sure to check out my fantastic new hit show 9:30 p.m.
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returning to the nfl. auditioning for the team despite not playing since 2013. the former quarterback has spent the last 18 months we learning how to play. also making money opera. probably the nicest ever yard sale. more than 500 treasures are up for grabs. prices starting at $50. hoping to make more money after the success of a cinderella movie disney beauty and the beast is coming out in march march 272. emma watson is in the lead role. that makes sense. the nasdaq fighting to get into the st. patrick's day spirit
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there. let's check in with liz claman to see what she has in store for us. >> what is wagging the fed? which piece of data will be looking at? something is pulling these markets down. alan dershowitz argued lead the best-known criminal lawyer in the world. he is joining us exclusively. will that evidence, when it comes to the multimillionaire, robert durst that evidence that has now come to light. will it be admissible? if anybody knows it is alan dershowitz. allen will answer that question. does he believe it will be
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admissible? we are 17 minutes away from the polls closing in israel. one of the most dramatic elections ever. we will take you live to israel. we have the former mayor of she low. there is an amazing twist to his story. the polls kick down to closing. cheryl: thank you so much. google taking on a new role as your travel agent. we will tell you when to book your next flight and how to. all the things you care about. at the end of the day it is all about money and flying in style. ♪
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travel light and eat well. introducing a bash i cue briefcase -- barbecue briefcase. it comes equipped with built-in cooking grill, perfect for entertaining your climate. the new go-to satchel effortlessly transforms it from are a work necessity to a grill pan. and if you want to fill it with paperwork, you go ahead. lay off the hot sauce. very cool. now somebody who could use that, a little fun with spare change. no more wondering if your flight will have an outlet to charge your gadget, google is taking the guess work out of flying as it partners with route happy to show which amenities are on your flight before you book it. you know lee, i'm going the get you that grill suitcase, i think it's perfect for you. >> that would go great, like as my carry-on, it would be perfect. melissa: talk to me about site. so it helps you figure out what kind of amenities are on the
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flight that you're booking, is that right? >> yeah. google flight's basically updated, you can also find your flight by how much leg room you'll have, by wi-fi outlets and also movies on demand. melissa: how reliable is that? sometimes you think, you know, i know people would think, oh, i always take the flight to l.a. out of jfk instead of newark because they have the i new plane, and then they swap it out. >> it's not 100 percent reliable, that just happened to me the other day. i had a business class seat, and i lost it because they went to a smaller aircraft. i know, seriously. melissa: how could they do that to you? >> the airlines, i tell you. melissa: you said it's called what? >> google flights. melissa: it won't let you book through, it just lets you look? straighten me out. >> route happy is the technology they partner with google to enable to tell you what amenities -- you can book through google or just use
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research and go straight to the web site to do it. melissa: how important is this to people as they're booking their flights? >> i think it's real important. not only to people in general because it gives them reliable as possible information but also it's big toward expedia and orbitz because of the google rankings so google flights can outrank them. there's whole controversy going on with that. melissa: lee that briefcase is on its way the you. >> i can't wait. melissa: it's perfect for you. >> i'm going to barbecue sausage on the plan. melissa: it's very cool. lee, thank you so much. >> anytime. melissa: in honor of st. patrick's day, 160 iconic attractions from around the globe are wearing their pretty shades of green, check it out. england paying tribute to its irish neighbors the london eye sparkling with emerald-colored lights along the thames river italy's leaning power of pisa, the 183-foot statue is channeling its inner leprechaun,
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casting a green red light, and the festivities don't end there, egypt lighting up the sphinx to honor the emerald isle. very cool, right? i hope you're making money. "countdown" and liz, take it away. liz: we shall, melissa, thank you. in exactly the one hour the polls close in israel for one of the most contentious and whisker-close elections ever. the outcome may have serious impact on any prospect of peace in the middle east as well as on business ties and cooperation between this country and one of our closest allies. we're live with a former israeli mayor from the wes bank who unbelievably is also a victim of a terror attack. you will be surprised at where he stands on this election. he'll get you the latest on the exit polls and the feel on the ground in israel. how old one of the most famous and well-respected lawyers defend this man robert durst, the son of a wealthy new york real estate family suspected in one murder as well as the
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