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tv   MONEY With Melissa Francis  FOX Business  April 9, 2015 2:00pm-3:01pm EDT

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only on fox business. in the meantime melissa francis is here. "money" starts now. melissa: we're fired up. thank you so much. it's a sentiment. it probably won't surprise you my loyal viewer. two-thirds of america calling government the problem. the battle for hearts and minds and wallets the race for 2016 barely underway. millions in donations already pouring in. lukewarm at best the apple watch reviews are in. and katy says they have it all wrong. she's bringing the watch in the studio to show us why she loves it. widespread threat, severe weather. tornado threats barreling across the midwest. out of this world or out of her mind nasa's chief on why we'll meet aliens this lifetime. seriously? because even when they say it's not it's always all about "money." ♪
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melissa: somewhere ronald reagan is smiling at this one. according to the latest fox news poll 67% of americans think the government is usually the problem. and not the solution. that is up 14 points from 2008. i wonder why. and this feeling carrying across party lines. majority of democrats and republicans and independents agreeing on this issue. here to discuss it all charlie gasparino, rich lowry along with judy. both fox news contributors. rich, this is no surprise to you, is it? >> it is not. it just goes to what a failure president obama has been on his overreaching ideological -- melissa: let's not point to him in particular. i think all government is a failure. >> it's true. but he said he would restore faith in government. by this metric, it's not happening. >> i wonder about the veracity of these polls. melissa: come on. it's higher than 68?
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>> no. people say they hate lawyers but all we do is sue each other. people hate government, but they vote in big government obama. melissa: i didn't. >> he won a resounding victory the last time. he got more votes. melissa: i don't think it was resounding. not resounding. >> i'm just saying people hate journalists but i get tips all the time. i just -- listen if this country was -- hated big government as much as it did, it does allegedly according to this poll, we'd have a republican president. >> absolutely. >> it's a problem with getting concrete expression of this general sentiment. any particular government program, it's almost impossible to get rid of. >> i think the government has always been the problem, i've thought that way since i was two. that's right. long before this. >> government may be the problem but it's also the solution in terms of keeping us safe, national security, the food you eat, the roads you drive on. this country needs
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effective government. and it hasn't had that for a long, long time. melissa: how about little tiny limited government that does the couple things you need like national security. >> the smaller it is, the more control you would exercise over it. >> transparent government is what we need. government that is accountable to its people. >> you have to ask yourself -- i'm playing the devil's advocate. melissa: obviously as usual. that's why we invite you. >> obama expanded government dramatically. rolled out obamacare, it failed kind of. it was a crappy rollout. this is the backlash against it. you have to ask yourself, can hillary clinton run on that type of agenda even if she has the left pushing her toward that agenda? i wonder if that's politically possible. melissa: meanwhile iran not willing to sing kumbaya with america yet. the president won't agree to the iranian deal unless sanctions
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are lifted. our triumph the biggest power in the world the us and the country's president acknowledge the fact that the iranian nation will never yield to pressure sanctions, and bullying. it sounds like this deal is working out swimmingly. >> we don't know how it will work out. what we're seeing now is the publicity prenegotiation. in other words, this is the iranian dream. this is what they want. this agreement is signed all sanctions disappear. they know it won't happen. we know it's not going to happen. melissa: i hope. >> each side is stating its maximalist position. >> they know how invested the president is. he's wait out there on this thing. it would be an enormous embarrassment to him if it falls apart. they'll push and push and push for more concessions. >> they're talking a lot of smack. you never talk smack, charlie gasparino. charlie: my first instinct was to be opposed to this. i know a lot of smart
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people in diplomatic circles that is that iran is a secular country once you get the lunatics out of control. i will say this, does this mean they want to wipe israel off the face of the earth? these guys constantly say stuff like this. how do you deal with wackos like this. as secular as many of the younger people in iran the mullahs that run the place are totally insane. melissa: all technical terms. >> but totally true. melissa: his own personal redemption time in jamaica. the bob marley museum in kingston obama has been. i'm sure no one has smoked a joint. no. >> they don't inhale. melissa: anyone have a comment on this one? >> this is the thing to do in latin america this whole trip, i'm sure. (?) >> they were supposed to have cuba as part of the world family by the time
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of this summit it didn't happen. this is something the president can do to take away the absence of cuba, america, kumbaya. >> thank you for injecting something tangible in this segment. >> what's wrong with that? >> i want to show the pictures. judy gave us the excuse. i absolutely can. alcoa stoking fears of a weak earning season pushing the stock down about 4%. according to thompson routers. it may not matter for most americans. the survey at bank rate, 52% are currently not investing in the stock market. (?) as we've seen all these highs, that breaks my heart. you have to be in there. buy the index. stay in. allocate. >> you want them to buy the index when it might implode? melissa: over a very long period of time. buy it and leave it. >> and not look. right?
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melissa: well watch the channel. please look. >> there's a bubble. what happened? did someone make a call? did your husband yell at you? melissa: no. i do think the equities are a bubble. private equity investors. not public companies we're talking about. i think equities are in a bubble. over a long period of time, you can't sit on the sideline. you get out when it pops then you lose. if you're in it 30 years, you'll make money. >> if i break it down in a manageable way, is the fed going to raise rates in a possible slowing economy, which looks like -- melissa: dudley said more likely than not this year. second half of this year. >> that doesn't mean june. if it's later in the year, that's good. i'd buy the market based on that. >> i think it will be later this year because of that jobs report on friday which was really depressing. terrible terrible report.
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>> which brings us back to the earnings report. worst earning season since the third quarter of 2009 for companies. it seems like we took a step back. that 5% pop in gdp a couple quarters ago. now it seems like we've slowed again after not getting everybody back -- >> some of it is declining price of oil. some of it is strong dollar. exporters are being hurt. we've seen disparity between the gdp numbers and the employment numbers. now they seem to be converging at a mushy middle. >> we might have a zero gdp print. melissa: no. no. >> yes. it's possible. melissa: i want to move on to the most important story of the day. nasa is predicting we will find life on other planets in the next ten to 20 years. doesn't give us much time to prepare for an overlord. we'll give it a shot. this is ellen head of nasa. >> jerry brown. melissa: so here's the caveat. we're not talking about
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little green men. we're talking about microbes. i asked elon musk about this, he said if there are other life forms they're being very subtle. >> it would be disappointing. >> it would not be disappointing. >> we have to look for intelligent life in the outer space because there's none here. >> true. >> i think they have to find a way to justify nasa's budget. if there's life out there somewhere, that nasa will be fine. >> i think elf could be out there. >> the pictures are so great. better than just launching a space shuttle every three months orbiting doing the same thing over and over. >> when we were younger we would get drunk and look at stuff and say there's a ufo. we always wondered why they wouldn't come down and say hi to us. >> i don't know what to say to that. >> have you been visiting the bob marley museum? >> thank you.
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my lovely panel. iran raises the stakes in yemen. deploying ships off the key port city in its first overt action. taking aim at hillary clinton. why carly fiorina is using her business background to carve out her own chance at the white house. more "money" coming pick ♪
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♪ >> iran making -- yemen devolves into chaos. sending two warships into the gulf of eden. secretary of state john kerry says the us won't stand by as iran steps up their involvement in yemen. here's what he told pbs. >> iran needs to recognize that the united states (?) is not going to stand by while the region is
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destabilized or while people engage you know, in overt warfare across lines, international boundaries in other countries. here melissa: here to discuss that by byron and judy miller. she's back with us as well. they're both fox news contributor. byron, let me start with you. secretary kerry says that on one hand, on the other hand, we're making a nuclear deal with iran. isn't that a mixed message? >> it is kind of weird. you know, we heard today from the top leaders of iran that this deal would have to be accompanied by a complete lifting of the sanctions on day one. obviously they're positioning themselves, but it's not a great sign for the continuing negotiations. on the other hand, it's very concerning these two iranian ships that have gone into the gulf of eden. it's very concerning.
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we've done aerial refueling of this coalition that's fighting in yemen. and it seems hard to imagine that we won't have to do still more if we want to stop this insurgency. >> it's so incredibly dicey for us right now. it's clearly a proxy war that is going on between iran and saudi arabia. and saudi arabia is used to being our ally. here we are trying to make a deal with iran on nukes. and just a little ways away on yemen we're ostensibly on the other side. can anyone tell what we're doing? >> i think the iranians know what we're doing. that is, we're trying to make a nuclear deal with them. the war knows we're trying to make a deal that will delay them and their program on the nuclear side. dealing with their region ambitions is much harder as we're seeing because iran continues to have great ambition in the region. when the saudis went into yemen the iranians offelt they had to respond.
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even though they were backing the houthi rebels that had taken control of most of the country saudis will not let the iranians exercise the influence they seek and want in yemen. >> this is a significant battle. right on saudis border. at the base of the red sea. so much commerce that goes through there. 10% of the world's commerce travels through this waterway. this can really blow up. >> that's the message of sending the two iranian warships in the area. the message being if we iran control yemen and the waters around it, we would be in a position to seriously disrupt international, commercial navigation. so there's no doubt that sending this just kicked this whole thing up a notch. >> yeah. byron thank you so much. we appreciate your time. jude hey, you have a new book out. it is called the story, a report's journey.
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focuses on your reporting around the iraq war. getting a lot of buzz and attention. what in here would surprise people? >> i think what will surprise some people is the extent to which a lot of what we think of as kind of established narratives of how we went to war and why we went to war turn out not to be true. they require reexamination. i try to look in this book at what we did and why we did it. what we reported and why i reported it, and whether or not we were wrong and right and what difference it makes today. look, we have just been talking about iran. we depend on intelligence. what iran is doing, is that right? are we getting it right? do we have the reporting that we need about those motives? i don't know. >> it's a fascinating book. i can't wait to finish it. you need to talk about your 85 days in jail which is the thing i knew you for. i can't wait to finish it. i hope everyone gets it. thank you for coming on. a few stories on our radar right now, day two
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of deliberations in the murder trial of aaron hernandez. charged in a shooting that took place near his home in 2013. a possible mistrial after a boston television crew followed two jurors from the courthouse. carly fiorina speaking -- speaking with our very own maria bartiromo on the california drought. hewlett-packard ceo pointing the figure at california environmentalists. it could have been avoided by building new infrastructure. >> 70% of the water that falls into california in the water it gets, 70% washes out to sea. this has been going on for decades. when the inevitable drought comes in california, there is no reserve. >> a national recall of of hummus. i think i have that in my fridge.
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they may have been exposed to potentially deadly listeria. i have to make a quick phone call. the winter wasn't rough enough. unintended consequences and intense allergy season. have you noticed it yet? we have. we'll tell you where it will be the worse. sensibility introduces style. mercedes truck perfect for storing your gucci loafers in the backseat. can you ever have too much money?
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♪ melissa: from the us, every corner of the globe money is flying around the world today. starting in greece. which just made a big payment to the imf worth half a billion dollars. you know that hurt. many investors worried it wouldn't find the
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cash in time for today's deadline. greece promised to start selling off state assets in order to satisfy creditors. over to north pole very brave people are taking part in a marathon. each runner is paid around $12,000 to fly to norway. they stay in a campsite. run 26 miles over frozen water. only 300 people have finished the race. for that, $12,000. my price would be higher. in germany a statue of the euro is in need of its own bailout. that sounds about right. it's a symbol of the european union outside the headquarters of the ecb, but now it stands vandalized. in desperate need of a makeover. they're appealing to private donors for tens of thousand of dollars. give 1,000 bucks, you have a plaque installed nearby. just what you always wanted.
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two moving episodes tonight of "strange inheritance." all starts at 9:00 p.m. eastern at fox business. first, jamie travels to oregon where she meets the world's youngest winery owner and learns the tragedy behind his fortune. a son son of a late rock 'n' roll legend. the valuable piece of music left behind to them. happens tonight at 9:00 p.m. on fox business. jamie gets teary. it's fabulous. spring has sprung. allergy season is in full force. those who suffer can expect one of the worst seasons in recent history. dr. kevin campbell explains why this is happening and how to prepare for it. so i thought it was my imagination. the last week or so, my eyes are itching. i'm saying this is the worst allergy season ever. lots of people saying it. it's actually true. why is it so bad this season? >> it's interesting. we've had a wet cold winter. when you have a wet cold winter followed by a dry
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spring, which we've had for the most part, it tends to make the pollen worse. also changes the way the trees bloom so we have a longer period of time where we have lots of pollen in the air. melissa: wow. so we really set ourselves up for this. after being punished all winter our reward is that we will itch for all of spring. some of the facts i was surprised about. 25% of the population suffers from some sort of allergy. pollen is the highest between 5:00 a.m. and 10:00 a.m. that's when you get hit the hardest. i also thought that was my imagination. i'm like wow, this is really bad on the way to work. that's the worst time of day? >> it really is. if you're an allergy sufferer, you have to be careful if you're out and about on a spring day, bring that into the house, it will stay in your bed sheets and all that sort of thing and stay longer. >> should you change when you get inside? what do you do to avoid that?
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>> i think you have to change very quickly and launder your bed sheets more frequently than you normally would. >> you can strip on your front porch and liven things up in the neighborhood in addition to keeping yourself safe from pollen. that could help as well. that was his idea, not mine. the money behind 2016 the battle is on for the hearts and minds for the american people. one of these guys just pulled in $31 million in a single week. this could change everything. the reviews are in, apple sending its watch to bloggers and editors across the country. but not me somehow. the feedback hasn't been that kind. we'll test that next though. piles of money coming back. ♪
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>> this is the month the race for the white house kicks into high gear. and it's issues of money. each presidential hopeful is sprinting to raise as much funds as possible before the summer deadline to declare their candidacy. our own peter barnes has a look at who is already leading the pack. peter. >> well melissa, senator rand paul tweeted last night that he raised more than a million dollars in just a little over 24 hours after launching his campaign officially. but supporters for other possible candidates leaking to the media are telling the truth, paul and others will have a lot of work to do to catch up to senator ted cruz and former florida governor jeb bush. several super pacs supporting cruz raised 31 million bucks by the end of this week. bush supporters were shooting for 100 million in the first quarter. that's the amount that will be the minimum to run a successful primary campaign. the strategy of all
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these leaks is to try to scare off potential competitors. there's one democrat who probably won't be scared off. hillary. one pac for her ready for hillary has been up and running since 2013. through the end of last year raised nearly $13 million. on top of that, there's a democratic super pac priorities super action that helped beat mitt romney in 2012. it plans to help clinton. >> she has the campaign from the obama campaign. jim is already running a super pac. she doesn't have to compete for dollars. it's just an incredible advantage that she'll start off with. >> now, we won't start getting the latest official campaign filing -- finance filings until next week, melissa. melissa: it's always about the money, peter. thank you so much. there you go. getting absolutely crushed. the digital game stock down 60%. the founder taking back
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the reigns of the company, ending don's two-year stint of chief executive. laurie simjoinslauren simonetti along with bruce. this is the classic situation where they try to transition to someone else they decide it doesn't work out. >> the investors don't like it. went through comments. look, you bring the founder back into the ceo office, that won't be good for the stock. you showed the chart. 243. under five bucks for over a year. this is a stock that four years ago, when everybody was playing farmsville and words with friends it ipoed at ten bucks. what happened? >> yeah, what happened was people decided they didn't have a lot of other products. bruce, the first guy who is the entrepreneur. you try to hand it off to someone who can grow the company and become the corporate manager. these guys are going backwards. >> they sure are. what's happened, of course everyone remembers that steve
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jobs did it so they think anyone can do it. what concerns me and what would concern me if i'm an investor, that guy coming back means no one wants the job. the upside seems fantastic but no one wants it. melissa: absolutely. the get-up-and-go, a lot of flash. mercedes and nissan are tag teaming to develop a luxury truck. the pickup truck market is growing. it isn't booming. mercedes is trying to create a vehicle for truck lovers around the globe. bruce, what do you think about this one? will a luxury truck sell? >> oh absolutely. everywhere, but the u.s. remember, mercedes sells an entire line of taxi cabs. mercedes vans. mercedes. it's only here that they're known for bling mobile. this will be a huge seller for them. they're known for reliability and power. this will work. melissa: they're talking about building regular trucks in other countries. which do not make sense. you go other places and see mercedes taxi cab
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and truck. it's not a luxury brand. if they try to build a luxury truck here in the us cadillac and lincoln tried that, it didn't sell. here people like the big heavy american truck. >> and they like the american manufacturers of those big heavy american trucks. you can always say though that these trucks have gotten fancier over the years. they're not as bare bones as they used to be. but they say they have no plans at least not yet to sell it here. i'm not sure that americans would be responsive to this. melissa: one of my favorite stories of the day. you can fill up any size mug at 7-eleven for a buck 45 a pop. i am a slurpee fanatic. i prefer coke but i will take cherry slurpee if they don't have
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enough. i saw you tweeting before this. are you with me? >> i believe it has to be 10 inches in diameter. i think that one is illegal melissa. melissa: customers can bring in pretty much anything they want as long as it's sanitary, leak-proof -- oh, and fits within a ten-inch -- >> yeah melissa after you figure out a way to fill that one up, you need a bathroom to live in after you drink all that. in all seriousness, this is a summer kickoff for 7-eleven. they expect each 7-eleven store to get 100 extra customers on saturday because of this promo. >> wouldn't they be so smart for me to fill this up. i would tweet it, instagram it, what a great pr stunt. how much could that much slurpee cost? thirty cents. it's just sugar water. >> the money has nothing to do with it. you don't need that much
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slurpee if you stepped off the face of the sun. >> yes, i do. >> it would give mayor bloomberg a heart attack which you would enjoy. it's all about the pr. i think it's a brilliant stunt. >> see you at 7-eleven. >> enjoy. >> absolutely. millions in the midwest hunkering down for another round of wild weather. running for cover as hail rains down like space rocks, but it was nothing, but blue skies for this thrilling shot. did you see this? shows the young pros how a hole in one is done in augusta. at the end of the day it's all about money and some golf claps. ♪
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♪ melissa: i'm melissa francis with your fox business brief. gm halting production of the chevy volt. trying to get rid of seven months of unsold inventory. only 7,000 volts have been sold. far below what they hoped for. things about to get a lot less comfy on airplanes. boeing and airbus adding more seats to their single aisle jets. one new boeing plane will cut leg room by 1 inch per passenger. both manufacturers have already received thousands of orders for new models. and under armour shares surging to an all-time high.
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they raised their price target on the stock 90 bucks. they think under armour has robust pipeline. that's the latest from the fox business news giving you the power to prosper.
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melissa: just one day from
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pre-order of the apple watch. a few lucky type logic experts were able to test drive the watch. >> i will get you hooked up. i have two say that ability to make and take calls. send e-mails. send text messages. it is really cool where we going with technology. i would actually hit were applied.
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he actually types it out pretty fast. they just did not rush into the market. they made this -- melissa: yes. it is ringing. speak fox business is calling. very appropriate timing. do not forget to talk to me. talking on speakerphone with your phone. the audience.
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i think a perfect example of this would be at a business meeting he other night. i look down and solve the text right there. these little touches to detail that apple did so well i think they are refund. melissa: what did not work? >> i think that the price was high. i would stick with a low-end model. four version one point oh, it is very solid. it will be on the market on april 24. even the apps that are on there right now there are a handful
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that still need work. for a fitness tracking device, and lots of people like to track. melissa: that is a new thing. all kinds of things. how much that exact one on your wrist cost? >> this is a middle of the line one. i want to back to one point that you made. i tested just about every device. it is very frustrating to remember to take a device to the gym. this is an all in one unit. it will ask tell you to stand if you have been sitting too long. you can actually enter in all of your workouts.
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a comprehensive fitness device. melissa: why am i not size that you like to work out hard-core? i love it. thank you for that great review, katie we hope you come back. tornadoes already ripping through parts of kansas, missouri and oklahoma. even more expected today. hail the size of grapefruit. the clouds grew dark over the royals at plate their first night game of the season. rick what are we looking at. >> katie not to go anywhere. i need to get to the studio and look at your watch. we have another rough day ahead of us.
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it has been a severely quiet weather season so far. i will show you where. shove -- we will start off with this severe thunderstorm watch. in effect until 10. back just to the north of maysville kentucky. ride along the ohio river valley north of peoria. over towards rockford and that towards east of the des moines area. i think that that is our bull's-eye. it will be all the way through 10:00 o'clock tonight. we will watch that they are closely. you can see all the warm moisture here. all the way down across parts of the deep south.
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we could see a tornado or two. quickly, a look at tomorrow. philadelphia. d.c. stretching all the way down to texas. melissa: rick, thank you very much. the taxes are just too darn high. another huge mistake from the postal service. why they have no intention of fixing this one. can you ever have too much money? ♪ ♪ ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself.
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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. 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.
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melissa: if you think your taxes are just too high, you are not alone. up from adf high of 24% in 2012. the real concern is getting audited. what to do. i generally hide underneath the couch. >> no. do not hide. do not hiding. all the headlines about the irs. this is figured to achieve because the irs do not have as many people out in the field. wrong. they dog you every step of the way. they can look back six years. let's say you do something you should not this year. next year, they can come and get
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you. melissa: absolutely. what are some of the red flags? >> if you are under report income peak that were a miscellaneous business expense. you have to have receipts for everything that you filed for. if you make a million or more dollars, there is a 10.7% chance that you will get audited. the more money you make, the more likely you are to get attention from the irs. you are in the crosshairs. >> and if you say that stuff about them on the tv, you are more likely to get audited. luckily, i use a fake name on tv.
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[laughter] you do not want to miss "the willis report." the u.s. postal service doubling down. saying they will not reissue a forever stamp meant to honor my at angelo. in its defense they are actually in good company on this one. president obama also mistakenly saturated the same quote back in 23rd team. that is not what she said. it was somebody else entirely. how is that possible? that was not supposed to happen. it looks like the brewers began to celebrate just a obit to early last night. at the end of the day it is all about timing. ♪
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ónóv
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>> to the master for the fourth year. the big three involved in doing that. >> here's jack at number 4. >> 140 yard par 3, across the water. a good golf ball. what a beautiful play. come on, come on come on jack! yes! oh! >> amazing shot by legendary golfer jack nicklaus in a par 3 contest at augusta national yesterday. the 75-year-old showing the roaring crowd that he still has the swing. sinking a hole in one. that wasn't the only thing that had the crowd's attention. the other fun part was the celebrity fighting of nile horren. i have no idea if that's how you say his name from one direction. he wasn't in the crowd, he was helping out rory mcilroy as his caddie. you must be a bigger one
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direction fan than i am. i don't know how to say that guy's name. but i'm sure everybody on the course knew exactly who he was? >> as far as i know the legend of bagger vance it's all about the caddie. i don't buy any of this. rock star? i don't buy any of it. >> i think it was fun or to pick up chicks. one of those. >> both of those work for me. >> definitely the hole in one was amazing though. i don't think he had anything to do with that? >> no definitely didn't have anything to do with that. the milwaukee brewers haven't won a game this season, that is no reason to skimp on the pyrotechnics. carlos gomez finding his bat interrupted by fireworks mistakenly set off during the game. the celebration a little premature since they lost against the rockies in extra innings. there you go. hitting, at-bat all of a sudden, boom. there you go. what do you think, bruce?
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>> you know, here's the problem, i'm not a baseball fan, either! >> not one direction and not baseball. but you are a fan of fireworks, you would have cheered and applaud for this one. >> i would have that's probably what they were doing when they should have been paying attention to the game. >> this news just crossing a record seven university of kentucky players announcing they'll enter the nba draft. willie cauley stein and two twin guards andrew and aaron harrison as well as carl anthony towns announcing plans in a news conference today. this team of stars of course did not reach the ncaa championship this year losing in the final four. but seven players, totally gutting the team. bruce we love you, thank you. >> bye-bye. >> that's all we have for now, i hope you are making money today. the market right now trading up 19 points. "countdown to the closing bell"
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starts right now. liz: interesting, they came they saw they sold in early rally. could we be in for a market comeback this hour? sure looks like this. the markets are back in the green. the russell 2000 is the holdout. so where do you turn for warren buffett-like returns? how about returns that one-up the oracle of omaha. we will introduce you to one investment adviser who is beating buffett year after year for 15 years. he's here exclusively. walgreens, the largest u.s. drug retailer closing 200 stores, part of cost cutting plan, first major move since buying alliance boots late last year. when you see store closures the company is getting leaner and leaner shares jumping 5%, now standing at $90.94. and

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