tv MONEY With Melissa Francis FOX Business March 26, 2015 2:00pm-3:01pm EDT
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him pounding to get back in and passengers screaming in the final minute. yemen failure not an option. saudi's new military campaign to beat back houthi rebels as irrather than warns of bloodshed. defending the bowe bergdahl swap. the army sergeant swapped for five taliban terrorists now charged with desertion. but the state department says it was worth it. we'll start with the horrific plane crash that left 150 dead, now characterized as a deliberate act carried out by copilot. andreas lubitz. the pilot was locked out of the cockpit struggling to reenter as lubitz put the plane on a collision course with the french alps. a prosecutor addressed it today. >> translator: all i know he voluntarily allowed the plane to lose altitude. he had no reason to do this. he had no reason to stop the
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pilot coming back into the cockpit. melissa: police swarming his house earlier today. meanwhile the ceo of lufthansa saying that there is no indication this was an act of terrorism. here now to discuss you will of it our own charlie gasparino, steve forbes, chairman around editor-in-chief of forbes media. we also have rich lowery of "the national review." he is a fox news contributor steve forbes, let me go to you first. this new information overwhelming devastating. >> it is. you will see a real push now outside of cockpits there will be a code if somebody is locked out like that you can get back in. and, in the past understandably they have always tried to make these things so you couldn't get in. but as you know attendant is always supposed to go in as pilot goes out. i guess that didn't happen at this time. melissa: that's true. you look at all those things. they say planes equipped with the code you said. i don't know if we know if this one was or not. even still the pilot inside can
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override it. >> for five minutes. melissa: somebody inside, somebody else inside of there. somebody determined to crash a plane, rich you mean you can kill the person in there with them if they're so determined. >> yes but makes it a lot harder. this is the case where u.s. regulation is just best. two people have to be in that cockpit in planes flying into or originating from the united states is my understanding. a lot of european countries and airlines don't have that rule. i think that rule just would make this kind of suicidal homicidal act much harder to execute. >> i mean, we're a business show. obviously airplane, airline stocks traded off. but as rich said this situation probably can't translate well into the u.s. but i would say this. i just hope this is not another major hasan scenario where people were told, that this guy was crazy. that he, who knows what he was saying he was crazy b maybe
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muslim extremist. then people because of political correctness didn't report it or the company didn't act. that is one of the scariest things about political correctness, what major hasan, the army ignored it, obvious warning signs. i hope that isn't the case here. then you will see, that would be a big problem for everybody. melissa: more terrifying if he gave no indication and was a homicidal maniac. >> you can't never stop that every now and then the homicidal maniac will commit homicide. >> there are usually cases. somebody doesn't wake up in the morning to just crash a plane. >> that's true. melissa: yeah. >> i will be shocked if we don't hear about signs. >> people are, political correctness prevents us from racketing in rational ways. i think that, that might be the big story here at some point. melissa: oil surging above $51 a barrel spiking more than 4% as saudi arabia launches airstrikes against iran-backed rebels in yemen.
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this is really escalating and blowing up into a fight, a proxy battle between saudi arabia and yemen. steve forbes? >> well it is a civil war between those two branches of the muslim faith and saudi arabia seeing what we're doing which is in effect aligned now with iran in very unmistakable way, they have decided we have to take matters into our own hands because the u.s. will not be showing up. it's awol. melissa: people would say that is good, rich lowery. we've heard people say let saudi arabia fight its own battles. why would we get involved? they would say good to what steve forbes just said? >> the problem these are not very capable militaries. the saudis will muster this arab coalition but they're not very capable, they're not very disciplined. there is really no substitute for american power and influence in that region and what we're see something symptom after symptom of our withdrawal. just these bizarre through the looking glass circumstances where we're effectively allied
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with iran in tikrit in iraq at the moment. we're bombing tikrit. at the same time our ally, the saudis are fighting iranian proxies in yemen. just bizarre. melissa: i would say that is the problem. you go in, essentially on the side of iriran, when fighting isis and battling isis, battling iran on the side of saudi arabia. it is a mess. >> we're not just involved in muslim extremism. we're talking about sunni, she sheets -- shiite, various political things. oil traders trade off headlines. >> right. it is temporary. >> yemen is not a huge producer of oil as you know. i wonder if in their calculus putting it together, this thing is so bizarre what is going on there, despite the massive amount of supply coming on the market from the u.s., the middle east may be mired in such bad stuff -- melissa: go over to saudi arabia into the red sea. suez canal and they're worried
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about the traffic in the area. >> here is the investment play. does our supply outweigh, for once, what is going on in the middle east? i don't know. it is an interesting domestic play. melissa: terror plot stopped in its tracks. fbi arresting a national guard soldier and his cousin for conspiring to support isis and carry out an attack on u.s. soil. the national guard specialist hassan edmunds, was taken into custody trying to board a flight to cairo. his cousin, jonas edmunds had also been plotting to attack the same illinois base where hassan had been training. this is what you're talking about in the beginning. here this is a plot stopped in its tracks. fbi who smoked it out, a success story. >> well, i think i know a lost fbi agents. i don't think they care much about political correctness. they kind of go for the story, go for. they're good investigators.
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the problem inside of the army why does this keep happening inside of the military? why isn't the military effectively self-policing itself, self-policing these kids who are radicalized? i can't believe they never display any that they're hiding it that well. impossible to hide 24 hours a day. major hasan we should point out, not this hasan. major hasan who did the fort hood massacre for years running around spouting off this insanity and they did nothing. is there a problem? still inside of the army that presends them from stopping this? >> also so disturb trying appeal isis has to westerners and even americans. what is their propaganda? based on beheading people burning people alive. shows attraction of evil on a certain level, people look at that, say, i want to join that. i want to be part of that. melissa: is it a backlash against america steve? is it feeling disenfranchised? how do you get to this point in
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this country? >> part of those extremist groups always look attractive when they look like they're on the upside and we're taking a powder in the middle east makes a feeling that they are in as send dense. they could be defeated easily on battlefield but this president is not interested in doing it. we could wash our hands of middle east as this president is doing have iran is in charge. it is not good. it will spill over to the rest of the world an we're seeing examples of it. melissa: charlie gasparino says jeb bush is quietly building his war chest in preparation for a run at the white house. charlie. >> the bigger story i talk with wall street guys very close with jeb bush, what they're telling me some are not even so close, they're starting to become part of the circle, what i found fascinating that the infrastructure jeb bush has built to raise money and run a national campaign even without announcing. i think, here is the thing i
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think, that this from what i understand scared off mitt romney, you can't compete with this. you can't compete in the money-raising aspect. he is already basically pushed out chris christie. find of funny the juxtaposition. jeb is in dallas like yesterday, doing, $100,000 a plate while christie was in texas picking up crumbs. melissa: yeah. >> it is hard to see anybody beating jeb bush now. melissa: steve forbes, you're somebody has been in the midst of all of this. do you agree his money machine is so far out nobody has a chance? >> no, quite the opposite. he still has a problem with the base of the party, which is amazing given his conservative record as governor of florida. the problem is there. that's why you have opening for other strong candidates who can raise money from small donors. so, jeb bush has got to put out i think real substantive proposals to flesh out his goal of 4% growth, flat tax and other
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things to get the base on his side. if he doesn't get the base on his side as hillary clinton proved in 2008 -- melissa: doesn't matter how much money he has it doesn't matter? >> it matters. if you fallter in the early states you can fight for another day. you have to have a message for people. hillary clinton did not have in 2008. barack obama look beat what look like a formidable front runner. >> at the end of day voters need to vote for you. what is very much in doubt jeb is crushing on inside game and crushing on the fund-raising whether republican voters, not just the base, republican voters in the middle really want another bush and really think this guy represents something fresh and new we need after obama administration. >> one caveat to the story is midwestern governors. that, with some fund-raisers are holding back, does kasich step up pence step up or walker. is it walker-bush walker rubio.
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the real issue is the midwestern governors, can they step up. i say one thing, jeb bush was very good governor. >> quite a long time ago but he was very good. melissa: deliberate crash, how the actions of one man left the airline speechless and cost the lives of 149 others. plus chaos in yemen. how u.s. intelligence got into the hands of the enemy. more "money" coming up.
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in place. it's free of flavors and colorants, for a closer feeling to natural teeth. fixodent. and forget it. melissa: iran warning of bloodshed in yemen. the country is on the brink of an all-out civil war. look at that. chaos on the rise as saudi arabia leads air assault against iran backed rebel fighters in yemen. fox business's rich edson at the white house with latest on this. rich, what can you tell us? >> well, melissa, first there were reports egyptian and saudi forces were crossing into the yemen border. pentagon here in the u.s. says there is no evidence that forces
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from those countries, ground troops crossed into yemen through the southern saudi arabian border. while jordan announced it joined other gulf state countries in airstrikes against the houthi rebels in yemen. and the white house says it supports that gulf state coalition. >> we've certainly been in discussions with our saudi partners over recent days. we're well aware of their concerns. and so when they reached the point that they decided to take this action, you know, in our consultations with them, we've decided to be supportive in the ways that we've outlined through some logistical and intelligence support and so forth. >> melissa, you have this broader regional dynamic where you have these iran-backed shia houthi rebel bells fighting in yemen against forces aligned with shia muslims or sunni muslims. there was a question whether that was affecting nuclear talks ongoing in iran right now.
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the white house says that is not the case. back to you. melissa: rich edson, thank you so much. u.s. intelligence documents in the hands of the enemy. iran-backed rebels in yemen are in possession of files about u.s. spy operation insists country according to "las vegas times." here is lieutenant colonel bill cowan, fox news military analyst along with dakota wood from the heritage foundation of the thanks for joining us. let me start with you, colonel cowan. how big after blow would that be? >> a real big one, melissa, no question about it. there are when those plans were not carried out when they withdrew there. depending how much they got their hands on, perhaps some files were destroyed, if the houthi rebels identify people through the documents that undermines any effort we had going in the counterterrorism
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realm, running agent operations against al qaeda. melissa: dakota, this is one of the things you specialized in your time in the marine corps, evacuation of american citizens from countries that are in crisis. was this handled badly? >> well, i think there is some doubt as to which files we're talking about. so not only do the americans hold files on intelligence operations but the government that you work with. so some reports are indicating that these were yemen government files that the houthi rebels have captured but in either case as your other guest articulated, it reveals networks being worked and people in yemen that remain there although americans that have left are certainly at risk. melissa: colonel, you have three purple hearts. you are somebody who obviously knows battle very well and the sacrifice that people make. there are a lot of people questioning now at this point, it is such a mess in the middle east with some people on other sides, so many different fights all over the place.
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is it worth investing american lives and risking them to get involved in something seems like it is never-ending? what do you think? >> melissa, what a great question. my own son just returned last july from his fifth tour to afghanistan. now he is getting ready to go back on his sixth tour. so i have a personal interest in the involvement of americans throughout the region as we see chaos continue to grow virtually everywhere, it's a very fair question about whether we indeed need to be there or let our allies, our friend over there do all of the heavy lifting while we provide intelligence maybe logistical support, sometimes air support. no troops on the ground anymore. melissa: is that your opinion, we should not put troops on the ground and support them with everything else? >> i think when we're fighting isis it takes it to a little bit different level. ground, aerial observers, forward air controllers out there on the front lines may be important but when we talk about organized come boot units out there i don't think we need to
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see that anymore. some level of support particularly against an enemy like isis may need to be done but we don't need any americans dealing with the houthis right now. melissa: dakota tax you spend two decades with service in the marine corps. what is your opinion on the same question? >> no, i agree with that. no u.s. forces on the ground in yemen. weed into to support the saudis. they have the intelligence networks. they know the personalities on the ground. with the u.s. evacuated we would be having to start from scratch essentially. we do have an interest. we need to support the saudis in tear effort and support this 10-country coalition currently conducting strikes against the shia, houthi, iranian-backed rebels. melissa: gentlemen, thanks to both of you for your insight and your service. >> thank you. melissa: the nation's tornado drought comes to dramatic end. a trio of twisters rip through oklahoma, taking at least one life and leaving tens of
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thousand without power. obamacare hit hard for part-time workers. why many are going home with less in that their pocket as employers cut hours even more. do you ever have too much money? if you take multiple medications, a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse spray or gel so there's moisturizing relief for everyone. biotene, for people who suffer from a dry mouth. ♪ edward jones. with nearly 7 million investors oh hey, neill, how are you? you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. and we do. it's how edward jones makes sense of investing. 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;
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melissa: 25 oklahoma counts in a state of emergency after multiple life-threatening tornadoes touched down. powerful storms led to one death and several injuries. city of moore oklahoma once again caught in mother nature's wrath. two years after ef-5 wreaked havoc, 10,000 across the state are still without power after repairs were halted dues to rain and wind. response crews are back in action today. look at oil prices.
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we minutes to go until the close. crude is trading up. staggering 4%. look at the pop on the day. markets fighting for gains. the dow back in the green but still in negative territory for the year. let's go to nicole petallides on floor of new york stock exchange who is watching one bright spot. nicole? >> indeed. you didn't know whether or not lulu would be in fact a bright spot, melissa. earlier we heard about their latest outlook and somewhat disappointing and remember they were doing a big turn around overall, right? they were turning around the company. see-through pants recall. there was concern about the outlook. they get on the conference call and reassured investors that anything they're working on is just temporary. and the stock took off. you can an see that in the great two-day chart. you can see it up over 6% today. back to you. melissa: nicole, thank you so much. exciting new episode tonight of my hit show unpacked. following another fantastic
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episode of "strange inheritance" on 9:00 p.m. eastern fox business. first up, jamie colby will feature story about a man. this one is insane, the story, not the guy. he gives his whole fortune to two former tv actors. the best part is, he has never met them. then right after a 9:30, i take you behind the scenes where we dig up all the dirt that didn't make it into the original episode. here is a special clip you will only see on my show, unpacked. check it out. >> ray also had access to the computer. he knew. he could have found me. he could have done anything. but i think relationship had already been there. he knew about my family. he knew my dog's names from teen beat magazines. all written done this. i think ray was not ma than. he was harmless but there are one letter had directions specifically from the farm right to my house. melissa: how often does your stalker leave you millions of dollars though? that is the stalker i want. stalk me if you have millions of dollars you want to give away.
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don't want to miss the show. i was kidding about this. obamacare putting a dent in many paychecks of many part-time workers. the law's requirement that they give health insurance to anyone putting in over 30 hours a week. that led some to put a cap how many hours employees work. what a shock. who knew that would happen? 14% of the employers cut hours for part-time workers. i'm joined by steve moore heritage foundation and also a fox news contributor. i mean who would have guessed that employers would cut back just enough so that they don't have to do i mean, it only makes logical, mathematical sense steve moore. >> yeah. well, i knew. i have been saying this for two or three years this would be one of the logical effects of this law melissa. basically you've got, what we call, 29ers. a 29er is an employer who only hires workers for 29 hours a week or less to avoid these mandates under obamacare because
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you fall off of a cliff if you're over 30 hours a week. we see this by the way in the bureau of labor statistics data showing us declining numbers of hours worked for workers. that's a big problem by the way. how do you feed your family, how do you pay your bills, melissa only working 25 or 28 hours a week. >> that is true. other thing came out bending cost curve where i written that in my senior thesis i would have failed out of college. that would not exist in this circumstance. i don't know when you can do that. he will bend the cost curve down. survey found that 7% of the companies have higher health care costs this year than last year. there was no lowering of costs at all. >> no, premium costs have been rising for a lot of employers. by the way, i got an interesting set of data myself on one of the effects of obamacare which is, people are doing tax preparations now, obviously as april 15th approaches. turns out if you have an income over certain amount, i forget the exact number, somewhere
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between 60 to $70,000 a year you lose subsidies under obamacare. i have had tax preparers tell me that they are, people who are doing their taxes for if they make $65,000 a year, they lose $8000 of subsidies. that means they have more than 100% effective tax rate on their income that is to say, they have more aft tax income if they earned less money than more money. all of these are kind of perverse incentives built into the system. melissa: right. steve moore, thank you so much. >> by the way melissa, you are in my while. you are in my will. melissa: fantastic. you're welcome to stalk me. >> not even a stalker. melissa: no perfect. steve moore, thank you so much. deadly plane crash in the alps no longer being called an accident. we have the latest on the final moments of the flight and how tragedy could be prevented in the future. the copilot who deliberately brought a plane down. what investigators are saying about this 28-year-old. "piles of money" coming right
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melissa: alarming revelations in that airplane crash that killed 150 people. the copilot deliver it leave steered the plane into the french alps. fox news has more. what can you tell us about the cockpit locking mechanism? >> these stores were designed in the aftermath of 9/11. the doors were designed to withstand all it's fired half of
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them. the second pilot could type in a code on the outside of the door and gain access to it. the pilot can override that with a second locking mechanism. the: copilot would not let him in. it sounds like you try to break the door down. that is one of the last sounds that we heard. in the united states is faa requires two people to be in the cockpit at two -- at all times. >> alike to to use the one crew
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member will. that is the one person inside the airplane cock pit control all five insults. here in the states, it is time to return to three people in the cockpit. melissa: thank you so much for that report. the 28-year-old german showed no signs of psychological problems during company you value it is. after locking the pilot out of the cockpit he calmly stoned
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the plane into the french alps. >> he did not say a single word. it was totally silent. i think the victims only noticed that the last moment. you only hear the screams literally at the last moment of the recording. melissa: joining me now is a former crash site investigator. and former u.s. deputy assistant secretary of transportation. thank you for joining us. in addition to being a crash investigator, you are also in aviation. do you believe that or what would you look for as a
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psychologist? steve mack back the first thing we will do is go out to the house. we will look for over-the-counter drugs. look for any indication that he may have been abusing drugs. talk to people to see if he had an alcohol problem. see if he had a stress in his life. this is the fourth one of these airline pilots in the last two decades that has done this. it is extremely rare. there is almost always clues. >> canada just happened under the radar in most cases? >> i am not a therapist. i should stretch that. it is very difficult to dissect.
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first of all the initial hiring screening. they do give test called mmpi's. it is a personality test. probably more importantly they have an employee assistance program. pilots that are having these problems can go talk to a professional counselor. melissa: you specialize in technology policy. we have been talking a lot about this door in the locking mechanism. it is essentially so terrorists cannot get it give in and take control of the plane. is that a mistake? >> thank you for having me, louis. yes, it is.
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what we will be seeing we will go to making sure this area has qualified people who can fly the aircraft at all times. melissa: no matter what we do, a crazy person can do something like this. if he had other people in the cockpit, couldn't he have just killed them before he crashed the planes. >> that is possible. we are talking about a criminal act. often times when you have two people it is a fair threshold. this was a tragedy.
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melissa: do you agree with that? >> yes, to a point. i do not think that we will see a third pilot in the cockpit. this pilot only had 600 hours. i literally do not take that there is enough number of pilots in the world to bring back the third pilot. the idea of putting a flight attendant and may have to be reconsidered by the german regional carriers. melissa: a lot of people are making something of the fact that he only had 600 hours flying. >> that is a problem too. we will see more collaboration of these low our pilots.
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we will run out of pilots. what we should do is at least have some threshold. there are lives on board. when we lose 150 people, that is troublesome. we have now counted 950 lives lost sphere. that is the most in six and a half decades. often times what happens is we will go back and look at the reports. these recommendations were all in there. melissa: gentlemen things to both of you. we want to get a quick check on the markets. oil, the big mover today. crude ending the day at 51, 43.
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the dangerous trades that fires. bo bergdahl now facing life in prison. more money and some answers coming up. ♪ and when i find it, i go for it. (announcer vo) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps. and now, get up to a two-thousand-dollar cash bonus when you roll over your 401k or ira accounts. details at scottrade.com/retire. 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.
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profit for the second quarter came in at $0.30 a share. it is not all that. growing 18% in the past three months. many states now taking awake your drivers license if you do not pay those student loans. debt collectors say it is essential to helping them extract overdue payments. iowa and montana trying to remove the law from this. the holy father owing to the white house. that is the latest from the fox business network. giving you the power to prosper. ♪
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just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatever, janet. for all the confidence you need td ameritrade. you got this. melissa: attempting to reconnect with their terror reorganization. catherine, give us the rest of the story. a review of the five detainees show that they are all deemed high risk. after fox reported that three of the five commanders have tried
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to reconnect with their old network, there is strong disagreement between the u.s. intelligence agencies. going back to terrorism and political employees seeing their intentions as more than nine. she spun it as evidence. >> we have the ability to track and work with them. individuals were reported late on mind and engaging with individuals that they should not be is because we track it. >> this explanation is simply preposterous. the administration has no plan in place.
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melissa: thank you so much for that report. apple could surprise the world with their third new iphone model of the year. it would be 4 inches. we are awaiting news on radioshack. a judge likely to decide the results of its bankruptcy option. keeping some of its stores and business. the judge will also decide whether the names of addresses can be sold off in order to pay creditors. a verdict expected as soon as today. the jury has begun its elaborations. it is one of the biggest sex discrimination cases to it silicon valley.
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in the cockpit. the plane descended until it collided with the french alps. there is no reason to believe that this was an act of terrorism. meanwhile, police swarming a house earlier. little professional flight experience to his credit. he passed all medical tests administered during his training. the dow is now in the red. still negative territory for the year. let's check in with cheryl casone. cheryl: we are looking at the red numbers. volatility is going up.
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we will talk with our market experts about that. we will talk about what is to change when it comes to aviation in this country. do we need to read evaluate? a former air marshall and navy seal will be joining me here. you now have the saudis. you have rocco. affecting the price of oil. it could affect, believe it or not, the prices that you pay at the pump.
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♪ >> have you seen this? congressional leaders following in the president's footsteps by reading their mean tweets on camera for a washington dinner. house speaker john boehner. and nancy pelosi. minority leader. pardon me. going through the most brutal comments. take a listen. >> boehner is number one on my list of people i'd like to punch in the face. >> nancy pelosi looks like a tub of orange sherbet right now on c-span. >> speaker boehner looks like an angry autonomy oomp loomp a.
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he probably bribes people with gob stoppers. whatever that means. the pressure is on for a deal. we enter a crucial round. john kerry flying to switzerland for a make or break discussion with the iran prime minister. a week before the deadline. >> sorry peter barnes. let's go to peter barnes. >> the us partners push for a framework for a nuclear deal with iran by next week. but us officials says that while the two sides have made progress in the talks again, there is no guarantee of success. secretary of state carry kerry is back in switzerland for the negotiations. they met this morning as the talks began, washington and tehran took opposite sides on-air strikes in yemen led by saudi arabia against rebels
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allied with iran who are fighting to oust the country's president. kerry brought it up with the ran iranians. but you the saudi campaign is having no impact on the nuclear talks. >> we have serious concerns about iranian behavior a number of areas. talk about terrorism. talk about human rights. talk about the fate of american citizens who are inside iran in detention. and so, but the focus of the nuclear negotiations is on the nuclear -- the nuclear issue. >> the wants to make sure it would block a path -- in exchange for dropping crippling crippling sanctions against iran. thank you. >> we have new video for ousted yemeni president reappearing this evening in saudi arabia. this is after being forced to escape by boat from his strong hole from aden as iran backs
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shiite rebels storm into the region. saudi arabia launches new airstrikes targeting the rebels in yemen's capital city and rebel held military installations. we'll keep a close eye on that story. "countdown" with cheryl casone starts right now. >> thank you very much. well, who is flying your planes? (?) the investigation into the doomed german flight focuses on a a troubled copilot. why the captain was unable to get into the cockpit. we'll ask a former faa crash investigator and a federal air marshal during this hour. markets getting shaken by events in the middle east. saudi arabia launches airstrikes against rebels in yemen. protests then break out in the streets of yemen. now there are reports of highly sensitive documents getting into the wrong hands. we'll tell you what is at stake
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