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tv   MONEY With Melissa Francis  FOX Business  April 6, 2015 2:00pm-3:01pm EDT

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less violent version. (?) with that in mind, melissa francis is here, and money starts now. >> thank you so much. president obama trying to defend his nuclear deal with iran, calling it a once in a lifetime opportunity. not everyone buying that though. no accountability. "rolling stone" retracts one of its most slanderous stories. don't expect anyone to get fired over there though. now the fraternity at the center of it is taking legal action. is it a case of e-con101 for california's water situation. cheap prices got them into the place in the first place. keeping tabs on man's best friend. premium feature for man's best friend on a flight. even when they say it's not, it's always about money. ♪
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melissa: president obama coming out swinging and critics of his nuclear deal with iran. that includes members of congress, who are pushing to have a say on the agreement. speaking to the new york times, president obama made it clear that he is not looking for congressional approval. president obama: i don't want to set precedents that suggest that every time a president enters into one of these agreements that congress gets an up-or-down vote. my hope is that we can find something that allows congress to express itself but does not encroach on traditional presidential prerogatives. >> bob corker is moving ahead with the bill that would require a mandatory review by congress, setting up a crucial vote early next week. >> the fact is that congress has a rightful role to play in this. we've already played a positive role in this. going in this in detail
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making sure the questions are answered, is appropriate for us to do. that doesn't mean there won't be a deal. >> here to discuss that all. charlie gasparino. todd starnes from fox news radio. you were sitting here when the deal came out. the us was putting out their little snippets. they said we won't lift sanctions until they verified. they'll get rid of their advanced centrifuges. there was a great article from a reporter who said that's not at all what the iranian agreement says. they said they'll lift the sanctions right away and they can keep their centrifuges for ten years. they can't even agree on the framework. is this surprising? >> it's not the least bit surprising. at the press conference, the iranians expected that these sanctions would be lifted immediately. the white house said, no, that will be negotiated. that puts us back to square one. they don't have an agreement.
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what they'll do with the sanctions which is the core of the agreement. >> i agree. the bigger concern i have is, what happens throughout the middle east here? you know, we're looking at how the obama administration has handled this. it's a great big fiasco. you have the iranians saying that the administration is lying. you have the iranians marching in the street saying death to america. the administration seems to have their head in the sand. charlie: you guys might know the answer to this. does congress have to approve this deal? >> that statement by president obama that he doesn't want to set a precedent. that's flatly false. richard nixon, ronald reagan, have submitted arms control treaties to the senate for an up-or-down vote with virtually no exception. he's talking about something that doesn't exist. why he doesn't want the senate to contribute a vote that validates what he has achieved is a
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mystery. >> meanwhile the march jobs report firmly in rally mode. oil also seeing a huge pop today. (?) on a price hike bit saudis and a decline in the us rig count. charlie. charlie: i would say, this is not shaking it off. the market is saying, we probably won't get an interest rate in june. that janet yellen will be forced to put it back. when it comes, when the fed funds rate does go up hopefully in my lifetime, it will be very slow. the obama fed because i think janet yellen she's an appointee of president obama she's a dyed-in-the-wool democrat. she'll raise rates only if the market doesn't fall apart. >> so the jobs report came out. it was half what everyone expected. gdp we hit that 5% pop. like two quarters ago. now we're down to two.
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could go lower. maybe the economy is slowing, dan. >> complete mismatch between fundamentals and asset prices. they're coming apart. the wall street journal had an interesting piece about how the bond market is essentially broken. they want predictability and liquidity. they're not getting that from the fed. in absence of that, money is pouring into the stock market as a kind of last -- >> just for our viewers it will blow up. okay. we know it. every wall street executive i talked to from jamie dimon down to any trader -- the question is, i can't give you the magic bullet. >> when and where, we don't know. >> i don't think it will happen soon. if you're not in the market now -- >> you're missing out. but when the explosion comes, there you go. >> every time they suggest they're raising rates, the market tanks. >> the fallout from the "rolling stone."
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rape on campus. the university of virginia fraternity phi kappa psi will pursue legal action against "rolling stone." "rolling stone" replaced it with a critique which found the failure -- editing and fact checking, absolutely everyone is to blame. >> oh, my goodness. and no one is being held accountable here. "rolling stone" is saying that the person who wrote the article she'll be able to write for them in the future. this is nothing new with the mainstream media. there was no gang rape here. but that doesn't matter. just like the duke lacrosse. doesn't matter. advancing an agenda. didn't happen. it doesn't matter. they're advancing an agenda. >> i've worked at newspapers. i worked on the wall street journal. on the news side. you would be surprised
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how the sausage is made at these places. mistakes are made all the time. (?) i will say this, though when i was at the journal, we were deathly afraid for being sued for liable. we told who our sources were to the law. i don't understand how this thing got published. >> it's shocking how it went down. there was a quote from the reporter. >> here's the interesting thing. i don't think they named names. >> no. >> they used pseudonyms. you can be suedor sued for libel if it points to a particular person. the gentleman who did the review steve he actually offered me a job at the washington post ten years ago, steve must be looking at that and i can't believe that he -- he edited that thing or did that review with a straight face knowing who he is. (?) that story could not get
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published in most papers. >> he didn't edit it. he reviewed it. >> he must be wondering how did this ever happen? >> it's groupthink. they saw holes in the story, but they said the decision to move forward there's this internal momentum. the decision to move forward is at a pay grade above my own. >> they generally don't have power. fact checkers are like the guy bringing me coffee in the morning. >> you have a guy that brings you coffee. why doesn't he come to my office? >> i'm trying to make a serious point. >> sorry. >> fact checkers have zero zero -- >> this is more than on a factual basis. the whole story should have been questioned at the top. there was no -- no concerted effort to at least sit back and play devil's advocate which happens at most marilyn newspapersat most majornewspapers.
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the 25% reduction is necessary and able to be policed. jerry brown. >> it affects lawns. how long they stay in the shower. how businesses use water. if they don't comply people can be fined $500 a day. the districts can go to court and get a cease and desist order. the enforcement mechanism is powerful. >> wow. i mean, talk about a police state. todd starnes. >> i'm concerned about this especially all the people living down wind of the hippie enclaves like berkeley. we're talking about personal hygiene. >> i thought you would take this seriously. >> i had to cover occupy wall street. you can smell that stuff 6 miles away. >> charlie is like, even i don't want to follow that comment. even i don't want to follow that.
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>> i feel his pain. i was down there in occupy wall street. they were disgusting. >> let's move on. i think we went on the wrong direction on that one. utah family told to take down their cardboard fort or pay up. it violates rules relating to waste material or junk. telling the family to remove it within 15 days or face 125-dollar fine. you know, i have to say. so i have small kids. i shop online all the time. the boxes are there. so they make stuff out of the boxes. they get 24 hours to have it. then it's gone. it's kind of trash. i appreciate those kids are having a great time and they're adorable. that's a long time to look at that in your neighbor's yard. >> they find an official notice saying they have to take it down. >> if i own the house next door that thing is an eye sore in the
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neighborhood their right does not extend to degrade my property. >> i'm hearing this argument. i hear both sides here. >> i understand. which one of the neighbors called -- >> oh, i bet they know. >> you know they know. the dad said, we were going to keep it up a couple of days. now the city is involved he'll hold out until day 14 until the fines kick in. >> i can see that happening at our house. my husband would be like we're leaving it up until the last second. the sprinklers got it. it's falling down. crumbling. >> it will get disgusting. >> isit's pretty funny. major league baseball confirming the 2018 all-star game has been awarded to the washington nationals. only two teams had never hosted an all-star game. the nationals and the
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tampa bay rays. i'm appalling for tampa next. al-qaeda now gaining ground in yemen after weeks of failed airstrikes. plus, $800 a night was not enough to keep one family from being poisoned on vacation. how one hotel's dangerous oversight put all four of them in the hospital. smart money coming up.
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excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. >> kenya launching airstrikes in the airstrikes one day after a fight terrorism to bnp the bombing of the country's first major military response to last week's deadly attack a kenyan university. 148 people were killed when gunmen opened fire on campus.
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authorities now say one of the gunmen who attacked the camp this is the sign of a kenyan government official. meanwhile, a source telling fox news that al qaeda is helping al-shabaab expanding its footprint in yemen in a power vacuum merely to make the saudi led airstrikes haven't pushed back rebels from a key seaport. the southern city of aden is the last foothold for government forces and crucial to reinstating yemeni president hadi. i'm joined now by christian whiten. i want to get right to it because to a lot of viewers that may seem like this is yet another religious war going on the other side of the world. you say this is the first major since the gulf war and the possibility of the multinational site with very little u.s. involvement is notable. why is that meaningful quiet
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>> it is a big deal. as you point out this is the first time saudi has been involved in a major war. they've been involved in skirmishes before. this was the first time they possibly in conjunction with egypt and with other arab allies might feel the army mate make major gain any part of the world. it is significant because you have to shift from the u.s. in charge supported by governments to one being led organically. it is another major war. it does in fact have an impact on u.s. interests in u.s. business. >> to airstrikes fighting the saudi's is not pushing back the rebels. why is that? >> it is early days. a lot of calibration has to go has to go one of these things. ultimately we saw the century and our nearing month number 10 in the war in syria and a whack with very few gave been made
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just with their power. you'll make gains that have come against decree became with iraqi force on the ground. saudi may hope they can win this with their power which is significant. a lot of u.s. and european made material is very high-quality but ultimately it was life at risk around verses in the play. >> christian commits a directory much for your insight. or is on the radar right now. party city announcing plans for an ipo. the retailer wants to raise 400 million shares, costing up to $17 each. party city is the largest party goods store in the u.s. scoring big at the box office. fury as seven. that is the seventh installment of the same movie. are you kidding me? they made $140 million. first of the franchise to break 100 million bucks in its debut.
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amazing. retailers hit hard by kentucky's ncaa loss. store is expected to lose as much as $50 million in wildcats championship year. wisconsin will face off in the championship game at 9:18 p.m. eastern tonight. tracking your path at 30,000 feet. the new service that keeps an eye on man's best friend at a price. plus the way to get your hands on an apple watch. beat the crowd by knowing the exact time and place to place your order. we will target the trick. if you ever have too much money or too many apple watches?
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♪ gerri: the fight between uber and yellow cabdrivers comes to a
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head as frustrated medallion owners sue new york city. it would complicate uber's expected ipo as well. charlie is back with his exclusive story right now. charlie: well, it's called melrose financial. it's a credit union that essentially finances the medallions. >> they're suing the city or uber? >> the city. if they do sue. they haven't said they will definitely sue. they threatened it in a strongly worded letter that the fox business was first to report on. they're saying essentially this. there are all these laws that govern how you can pick up someone on the street. uber violates those laws. and the city is allowing them to violate it. as a result the city is allowing an illegal taking of property, of revenues that belong to new york city taxi owners. if you own a taxi, you have to buy a medallion. they go up for a million dollars. >> so people come to the
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u.s. they come to new york city. they don't own anything. they save up. borrow from everyone. they plunk down like a million bucks to get a medallion to drive a taxi. these folks are serious about protecting the value of that. >> and this one company, melrose financial is helping finance those. these medallions are going down in value. >> down to $800 now. >> so we have mayor de blasio who is a very liberal mayor. got a lot of money from the taxi owners for his campaign. he's essentially screwing them by allowing uber to operate with almost impunity. listen, i'm not a lawyer. i can tell you that this medallion finance company has very able legal counsel. i know who they are. written a whole thing on foxbusiness.com which should come out soon. i will say this, if you're uber, and you can't operate in new york city. we're talking about
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street hails. it's one thing for me to call and say in three hours, i want a car to come. question is, when i'm sitting there at a restaurant. i need a cab. >> they're there in less than a minute. how is that different from hailing a taxi? >> that's called a hail. >> i think they have a case. >> yeah. and one of the medallion owners say it's just a money game for the city. no kidding. they're only in it for the money. that damn city. really? well, how long have you lived here? >> well, the free market in me says, with all due respect guys you took a risk. there shouldn't be a medallion. who needs a medallion. the other half of me says, full discloser disclosure, my dad was a cabdriver. >> either you have done it or your cousin brother has done it. >> we lived varied lives. my dad derived a drived a cab in
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the '60s. this is the law. >> we'll make a chart of everyone in your family. >> it will be a mob chart. >> you said it, i didn't. always fun. counting down the minutes until you can get your hands on the apple watch. they released the first of four videos on how to use the highly anticipated accessory. it shows users how to navigate some of the basic features like its touch screen. our very own jo ling kent. you've been looking at these videos. are they good? what jumps out? >> what really jumps out that apple has a strategy of how they want you to look at their new product category. the first since 2010. since they unveiled the ipad. they're concerned about how people first interact with the watch. when i did it in san francisco they were very hands-on. they said, you should raise your hand to a certain point and do this and that. they're very specific
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because they want the customer to have a certain type of experience. you can't just walk in and try on one of these watches. you have to have an appointment. reserve one online in order to buy it. >> very fancy. i mean very fancy. bruce, you have the secret to actually gefg getting your hands on these? >> go online instead of in line. jo ling said it, they want you to register. what you'll get is a master class in building a brand. apple really knows how to make this work. melissa: when you go online and register, what do you feel like? >> every piece of it, the order they show you the videos. the way the videos are produced. even though they claim to be showing you the function of the watch, they're really showing you how cool it is, how sexy it is. they're appealing to your vanity and narcissism. who needs another watch? i don't.
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when you watch these, you want it. >> you have to realize you can't just stroll into an apple store and buy the watch. you actually can't even do that at all. you have to make a reservation online in order to pick it up in store or to get it delivered to your home. they're making this a very tailored type of experience. there won't be any lines to try them on unless you get those few open spots, middle of the morning when everyone is at work. melissa: what is the secret of getting this one first? who wants to jump at it? jo. >> sign up online. start preordering april 10th. they do fittings in stores. it goes on sale april 24th. the secret is, you have to have money. at least $350 in order to buy it. >> thanks to both of you. the race to 2016 picking up speed. rand paul getting ready to make it official. his chances according to the latest poll. plus paying the price. could the record drought
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in california mean a hike in your water bill even if you don't live anywhere near the golden state. the argument why water in the us is just too cheap. piles of money coming up. ♪
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>> breaking news. check out audio right now. up $3. look at that. that is a big tom thayer. senator brand paul rising. fox news digital politics editor. rand paul up two spots.
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>> a long shot. somebody who starts with some chips. supporting libertarian minded. also the fact that he has a high media profile and he had something interesting to say. melissa: martin o'malley. i have people whom are in o'malley was. >> there is not power. there is hillary clinton. she is the presumptive democratic 90.
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what else could go on? jim webb going out to iowa. going through the emotions. going after hillary clinton. wanting to incur the wrath. melissa: thank you so much. to feeding the washington machine. unleashing the american dream. >> mary read. there is a lot of questions about where he stands for
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israel. does he appealed to millennial's? foreign policies seems like a problem for if lots of americans. >> i think that the to like him melissa. let's talk about some of the good things. he is appealing to younger people. he is phrasing varies. question. the violations of executive authority. he is also reaching out to minorities in a very positive way. he should be elevating some of the younger black leaders out
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there. that is good stuff. melissa: thanks to both of you. whether water rates in the u.s. are just too cheap. australians pay more than twice as much. peter boland works at global water intelligence. thank you so much for joining us. >> generally speaking, it comes back to political capital and political will. firstly, it has been financed for the past decade by low-cost loans and grants by the government. melissa: people say that there
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is a good reason for that. we are in advanced civilized countries. you would say that makes it too cheap. they just let it run all over their lawn. >> certainly. you will see it picture after picture of golf courses mixed together. that certainly is not sustainable going forward. >> i think governor brown has a good idea yet mandate surcharges and fees for those that use too much water. i think cities will have to take a hard look.
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>> those that use too much water. you can already hear folks on the left. how do you decide? >> 80% of the water is used by agriculture. we are talking about a smaller fraction of all of our water use. you have water meters on your house. if you have a giant pool in the middle of the desert, you are doing the wrong thing. melissa: thank you for coming on. we appreciate it. one family and life threatening edition after a trip to paradise. how and $800 hotel room was contaminated. aggression at an epic scale.
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a massive pillow fight is breaking out across the globe. more "money" coming up. ♪ nd of risk that you're comfortable with i'd steer clear. straight talk. multiplied by 13,000 financial advisors it's how edward jones makes sense of investing. ♪ ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means using wellness to keep away illness... knowing a prescription is way more than the pills... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it.
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realizing cold hard data can inspire warmth and compassion... and that when technology meets expertise... everything is possible. for as long as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here. ♪ >> stocks are soaring now. they had been down over 100 here it positive economic news.
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pushing that out into positive territory for the year. we are watching tesla on the move. they reported that they deliver 10,300 cars. that is above the estimates. they will have to keep produce those and getting them out there. or he'll right now at 52.15. the aftermarket of about $3. we are seeing that is simply an energy index to the upside as well. that is the latest with your fox business brief. much more "money" coming up. ♪
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melissa: money is flying around the world today. officials are promising to pay off all of greece's debt. the imf will receive a check sometime this week. you know what, it is in the mail. don't worry about it. it is almost there. the prime minister is headed to moscow. all in over in cuba, fidel castro has made his first appearance in 14 months. he is alive.
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state newspapers just gushing over his appearance. he is still full of life and vitality. hundreds of people took to the streets in hong kong. part of international pillow fight day. people were told to abide by two rules. try not to kill anyone. that makes sense. it looks reasonable. tune in tomorrow for to do back to back episodes of strange inheritance. first, jamie colby meets a family pet inherits an alligator and crocodile ranch. oh this is tonight. excuse me. >> we have some baby alligators that are hatching right now. >> a have to be cute.
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>> they are. >> here come's one. hey, you. can we name the jamie? >> absolutely. where's my mama. >> that was totally amazing right until the second it hit her finger off. be sure to check out my show on thursday. you do not want to miss any of it. eight delaware families left in critical condition after being exposed to a lethal pesticide. have you heard this story? they used an illegal chemical inside their rental villa. family was airlifted to the hospital for treatment. this is that i think a lot of
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people out there are very scary. you really have no idea what has gone on there or if regulations are in place. how does something like this happen? >> you are right. this agent is used in the u.s. to. it is still use under certain circumstances. is it a particularly strong pesticide? >> it has a variety of uses. it is colorless and odorless. it does have a wide for it of uses. the u.s. has extension.
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>> i understand that the two boys are in a coma. what do you think? >> it is very concerning. it could be hours. it is variable. i think that was typical for this family. they were there for that day and they started getting gradually ill. they start having seizures. that is what happened to the boys. that is the acute phase. melissa: is there anything that i can do? >> it is not always easy to find this information.
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it had very widespread use. it is still used in california very widespread. >> far from an imam wade. you will never believe how much they make an hour. one buffalo makes a break for it. you can never have too much money. ♪
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$6000 an hour. took both a feeling the most generous. two chief executives made $13,000 an hour through 2014. making lots of easy money. hundred $35,000 for a commencement speech at the university of houston. i hope that he is working on that speech already. the university is funded by the taxpayer of course. the woman who found pearls in her waste or dinner. dining at a tennessee restaurant when she did into something hard and round. that is insane. i do not know. i need more evidence.
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that sounds fishy to me. get it? the dow surging more than 175 points at highest. liz: how come that never happens to me? >> is there a diamond in here? great to see all of you. what a rally. we are talking to market watchers. another headline. pulling the markets. almost like an undertow. we have two very important people to talk about this. dancing in the street in iran. complete negative feelings on behalf of other people. where does a guy like david
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rubén and on this? a big dump of a terrorist attack. they're interested in approving every single detail before everybody signs off on this thing. the california drought goes on to overdrive. are you going to be able to get a glass of water at your table anymore? what are restaurants doing about this? nearly 300 locations. something tells me they anticipated this. we will find out exactly what they are doing. wait until you see it. unveiling a dead in a box. have you heard about casper? you have now. melissa: i need to hear about
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that. liz, thank you so much. delta rolling out its latest premium feature. pink tabs on man's best friend. at the end of the day it is all about money and really cute puppies. ♪
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♪ >> flying with your pet already costs a hefty fee. for an extra 50 bucks, you can make sure that delta doesn't lose it. i'm joined by neil. he's an airline adviser. he's the former chief cargo officer at delta. you know, delta doesn't have the best track record with pets. especially after the westminster dog show. show me what you have there. >> thanks for having me. the device we've used to partner with delta is the pt300 package
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tracker. this is it right here. the size of an iphone 5s. the ray the device works it provides two primary functions. realtime in transit visibility to the package during its transit. >> let me stop you there. we have less than a minute left. they said it doesn't send you a message while you're in there. it let's you know what the temperature was and that the dog got on. or whether the crate is sitting upright. then you know it's arrived. you don't know what's going on during the flight. right? >> that is true. but based upon my experience, what happens in flight, very little happens during the transit when the pet is actually on the airplane. usually when things go wrong they go wrong before or after the flight. and so while the faa does govern, strictly govern the us of cellular transition during flight, there is wi-fi.
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this device can communicate over wi-fi. we hope to be able to do that. >> we have to run. thank you so much for showing us that. fifty dollars for that. coming more to just delta, i'm sure. that's all we have. hope you're making money today. here's liz claman. >> thank you very much. a lot to cover. last hour of trading. major moves in the market. the debate with the iranian deal heads to the hill. they press obama for congress to have a say. we're getting a bunch of letters from republican congresspeople at the moment. expressing dissatisfaction. the president pushing back. a major spike in crude oil prices. oil shooting up nearly 6%. traders reconsidering how quickly iran will be able to get its oil back on the market. saudi arabia hiking its price for crude sales to up. dollars down. we'll look at that. remember that

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