interviews. we thank you for joining us today and this week. coverage continues with "money." melissa francis is here. melissa: happy friday. stocks crashed across-the-board. the dow take a look at session lows. down more than re- hundred points. that puts the dow in negative territory for the year. toyota sliding. drilling for oil hits a five year low. the drop in crude is causing more big layoffs. 11,000 jobs. let's bring in today's panel. charlie gasparino. steve forbes. dagen mcdowell. steve, what you think of this big selloff today? >> you mentioned greece. also china. earnings are not what they should be. there is a deflationary

environment. i do not think there has been a rosy scenario. this reflects it. melissa: there is a lot of chatter out there. >> we have been talking about the possibility of deflation. here is the problem if there is one thing that hillary clinton is worried about is that this economy could turn south and go from just moderately crappy to very crappy. [laughter] >> that could really hurt her. the headline numbers look good. the underlying numbers are not looking as good. particularly corporate earnings. it does not mean that you sell stocks. >> they may keep the target for the next year. it may be good for stocks. melissa: taking we mentioned the oil stocks.

cheap oil has cost us about 100,000 jobs this year. >> norwell workers have been the hardest hit in that area. that is the huge untold story that is beginning to unfold. if you talk to people in texas in the midwest it is being felt across the board. people are losing their jobs. it is the curse of lower oil prices. it is hitting one of the great job creators. >> we had that in the past. we had problems with the oil patch. the economy was so dramatic, the markets went up. that is what is different about this. >> that is my point.

it has really propped up the overall jobs number. >> the obama recovery has been tenuous. >> really a war on prosperity. >> gas prices have fallen. it was -- melissa: all great points. president obama meeting with the italian prime minister. discussing the growing threat to europe. >> the prime minister and i agreed to work together even more intensively to encourage cooperation on threats coming from libya including the growing presence there including additional coordination with other partners. now we can stabilize what has become a very deadly and difficult situation. melissa: stabilize a deadly and difficult situation. >> you do not stabilize terrorism.

libya, yemen who knows what will be next. iraq has become the sex or of iran these events are underscoring this fail your. melissa: is italy at great risk because of the vatican? the center of christianity. you have isis in libya. they have stolen aircraft's. targeting the pope. >> that is really true. they are called to rally magazine which showed rome on the cover. it is what you are talking about. >> this is why it is hard to trust president obama and iran. i am not someone who is against having diplomatic relationships but you cannot trust someone who has underestimated the terrorist threat so much.

isis and the jv team, we have not. now he is asking the jv team to trust him. melissa: okay. 12% last year. the fairest of them all you remember this guy though pro- ceo and founder scoring a total pay package of $284 million in 2014. i would point out that was a year in which his company went public to great effects although the stock is down 30%. does he deserve to hundred $84,000? >> that is the thing. 2014. 2015 is a whole different matter. the fact of the matter is, you try to hire a first-rate person,

you try to do it on the cheap. not going to happen. melissa: it drives me crazy charlie, the ceo makes three times more than the average employee. how many average employees is he responsible for? >> written a lot of stories. a lot of these ceos are also paid in stock. it is tied to their performance. melissa: 4.5 lien. that is how we got that money. it is not a cash lump sum. he created the company. >> hillary clinton. you have to blame somebody for the lack of wage growth. >> it will be wonderful when hillary clinton talks about this. >> how about your hourly wage?

>> as you talk to your buddy at black rock, you know, if you really want to make this point corporate america's top people, what did you tell them? >> she asked for contributions. [laughter] melissa: no problem. a new program will offer zero down mortgages in detroit. is this a good idea? no down payment. no closing cost. they must have a steady income for the past 12 months. >> they should have done it years ago. they need to help revitalize the city. they need to do anything possible. melissa: detroit is an awesome city. i love the city.

they have football. they have baseball. have everything you would ever need here at and they are in the eastern time zone. >> i could think of about 400 places i would rather be. miami beach. i will say this, a couple years ago there was a great story about how a house in detroit was going for $1. when you have a depressed area like this, you have to start something new. you bulldoze it and put a resort right on the lake. >> okay. gwyneth paltrow -- [laughter] >> shaking his head on that they. [laughter] melissa: when it paltrow failing the $29 food stamp challenge. giving up after only four days.

what do you think of these celebrities that it out there? she put up on mind the picture of the kale and the salon churl and the lines. even she could not live on that. she cheated and had chicken and licorice and fresh vegetables. >> you do not get their intranet to go out and push. if there are problems, you deal with it. this is not what you do. melissa: she was tweeting about it on thursday. by tuesday she went to to fancy parties. hate is a strong word, but i really hate gwyneth paltrow. [laughter] she is such a poser. just own your elitism.

you do not understand anyone that is even remotely average. >> that is why she will work for hillary clinton. melissa: she got criticized for poverty tourism. there are so many people that have gotten on this bandwagon. >> she needs to go back to telling us about bowel irrigation. melissa: what? melissa: southwest flight. a snoring passenger stabbed with a pen by his seatmate. look closely at your television there. look at all the ink on the sleeve of this guys sure. if you look at the amount of ink there, she was stabbing him for quite a while. look at that.

she was escorted off the plane. she was accommodated onto another flight for causing a disturbance. the man was not injured. that is a lot of 10 stabbing. >> there is no blood. i only consider it stabbing -- it leads. >> i do not fly as much as you guys probably. i do not talk to anybody. i just sit there. i read. i order a drink. people act like idiots. melissa: block it out. >> people act like jerks. >> you have to behave, not that you are going to miss behave -- [laughter] melissa: i am always afraid of

doing anything. >> people do act like idiots. melissa: we have to go. we have to get another look at these markets right now. the dow is now down 343 points. session low. that officially takes us into negative territory for the year. down about 8% and a half. gop hopefuls try to sway voters. hold onto your money savers. a new trailer. it is already in a $2 billion gift to disney stock. more "money" coming up. ♪

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melissa: new hampshire is the prettiest girl at the ball this weekend. as more than a dozen white house senators are fair, all of them are seeking a breakout moment. steve forbes is back. it is very early to be out there according to new hampshire higher. it should be territory though. it is not as conservative as iowa. >> there are different types of conservatives and new hampshire then there is iowa. i went 10 to trend a lot more evangelical and are socially conservative. the next state with the south carolina. very conservative here and new hampshire higher is the "x factor" in those early nominating states. it is very important for certain candidates to do well there. melissa: who faces the biggest

challenge right now? is it maybe chris christie? >> the answer is all of the above. iowa they have to show they can win in new hampshire. very very hard to do. they are different parts of the republican party. someone like jeff bush, they have to break through new hampshire higher or they will be in deep trouble. in this kind of crowded field with this many strong candidates you will not have much room to falter. melissa: they share a house band on repealing it. hillary clinton has been a enthusiastic reporter on the tax. she claims it only hits the rich and superrich. the clinton used common multimillionaires techniques like dividing and a common trust. they have done extensive estate

planning as they should, to make sure they do not get hit-tax. they think it is okay for everyone else. >> yes. you nailed it. this is how they operate. it is a matter of rentable. it is a matter of fairness. i think that it is true. the media should treat any attempt by any prominent democrat to evade taxes or pay a lower tax bill like they would treat a republican sex scandal. there is a hypocrisy unlock. if hillary believes that america's rich are under tax and need to pay more in the government needs more of our money, why are they trying to minimize their tax burden? should it maybe happily lining up?

melissa: oh, how clever. they created a life insurance trust so they could have liquidity to pay their estate has. such great planning. however, they want everyone else to live with the tax and accepted and feel good and patriotic. steve forbes. >> this gets to a very important point. they say it is about the superrich. the small business owners are semi- large farmers who do not have that kind of sophisticated planning. the whole thing reeks of hypocrisy. it raises a small amount of money. worries families. for what? just to satisfy tax and the. melissa: people who are not rich inherit something amazing and then they have to sell it so they can pay half of it in tax. thank you for coming on.

we appreciate it. 350-point down on the dow. how one guy makes a living by chasing the wildest weather on earth. do you ever have too much money? ♪ so what about that stock? sure thing, right? actually, knowing the kind of risk that you're comfortable with i'd steer clear. really? really. straight talk. now based on your strategy i do have some other thoughts... multiplied by 13,000 financial advisors it's a big deal. and it's how edward jones makes sense of investing. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network,

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melissa: huge counts on wall street. stock losses accelerated with the dow down more than a hundred points. we are getting the news from the trading for right now. scott is that the cme. a lot of people talking about china. the change in trading rules and how they may open much lower one day. >> they have made it really

brought. starting things off on a selling no. we also have some problems with some trading screens. as of late, we have been coming in in the morning and veins have been for makeup. we still are not getting great news. this is the first time that we have not had that plunge to kind of send this type. i think with greece sneaking into the picture what we had with china today and the numbers we got from the beginning of the year some guys are waking up to the fact that maybe things are not that good. let take the top off of this and reassess. melissa: we are sitting down about 329 points. >> i do not think that it gets a ton worse. the weekend short of the lows. i do think that this last selloff has people squaring up. we have not had that, we have

had plunge protection keep coming in as of late, it does not pay to get short on the market. melissa: scott thank you very much. dow jones reporting that pharmaceuticals thinking about a bit. sources tell the dow jones that there is a $29 billion bid. it is the trailer that you have been looking for. ♪ ♪ >> i have killed. melissa: everywhere rejoicing. we are not alone here it disney shares soaring immediately.

kevin mccarthy is with us now. [laughter] melissa: also a fox news contributor. this trailer really is something to behold. >> first of all take you for having me on the show. it is an absolute honor. i get so deep down i get tears in my eyes. the trailer was incredible. i was actually late to a meeting because i was streaming it on my phone. when jj abrams puts the trailer on the screen and you see julie we are home, that was the ultimate nostalgia for all star wars fans. it is taking place 30 years later. it will open on december 18 2015. melissa: the hard-core star wars

fans were furious. they were so upset. they were like save me. how can we let this happen. this looks pretty good. to those people now feel better about that deal? >> 100%. jj abrams did a phenomenal job of ringing it back. he is adding new elements. the original cast returning. the trailer looks absolutely incredible. i cannot wait until december 17. i will be in the theater. >> i have a feeling i will be sending bob iker and e-mail. this is unbelievable. kevin, thank you so much. >> melissa thank you for having me on the show. i think that it will be the greatest movie of all time. melissa: we will save that tape ever you back if you are right.

the nanny state strikes again. restaurant menus will now be required to publish calorie counts for alcoholic rinks. what a buzz kill. it will cost a fortune. verizon shaking up the cable bundle. is it ready for prime time? piles of "money" coming up. ♪ every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.

♪ melissa: sox. the dow had its steepest selloff since locke -- since last october. let's go to nicole petallides at the new york stock exchange. nicole: we are down 300. that is a pretty big move. the biggest selloff we have seen since last october. traders, said, the news

overnight, that rattled people. some news. they came in. technology bubble. do not forget you can put it all together. selling everything. financials under pressure. the dow is down 1.85%. take a look at teva. it is considering a bid. it jumped $4.32 in just a few minutes. negative positive territory. wow. these are all according to store competitors. they had to deal with something else. mylan has made -- they are all intertwined. that will be one that continues to go up. melissa: nicole, thank you very

much. 5574. it had quite a week here. closing down a little bit lower. so much volatility they are. breaking up the bundle. it seems more like a slight bend. you can buy a base set at channels. our very own jo ling kent is here. along with stock are in. also jonathan clonaid. give me some of the details. >> this is going from a buffet to almost all the car. two additional channel packs to that. what you see here are the basic channels. you also get some cable net. and then you add to channel packs to that.

those are a lot of different kind of categories. melissa: i have some problems with this out of the date. first of all in that first group, that was not fox news channel. like everyone else in the world we have 6 billion channels in my house. we watch about 10. mike 10 were all in different categories. i will end up spending, it seems like, even more money. we watch cartoon network. we like bravo. separate group. we like fox news channel. espn. another group. nfl network. another group. >> the world smallest violin for you here. more abundant than ever been. what this move is we see this every time technology becomes

more advanced. restaurants, stock trading or entertainment. you have e-mail more both places whether it is online, cable and satellite. at the end of the day it is better for the consumer. melissa: it is not better for the could sumer scott. this will be cheaper. i am saying, it is not true. just to get the tent i want, i will end up spending more. >> that does not seem advanced to me at all. it seems as if we will screw the could to work even more. they will probably be buying more because of the channels that you mention. i am not afraid to admit it. lifetime as well. guess what, it will cost me a ton of money. jonathan the channel are the ones that hold the cards not

the distributors. they are the ones forcing to have them bundled. >> you can still sign up for the old plant. you can still get the channels if you want to. melissa: i do not feel bad for anyone. for rison is very smart. they are just disguising this as a way to make it better. >> a lot of folks they only work one to your or two tiers. melissa: we have to go. hillary clinton is planning to get tough on wall street. reports say about to name. dantzler as her chief financial officer. a big role in drafting the dood-frank act. wiki leaks has just been published all the information from last year's sony hack. 30,000 documents and 170,000

e-mails. ordinary people that work at sony. they are publishing that stuff. the archive is newsworthy they say. right. regular employees and their babysitters. bloomberg terminals crashed this morning. thousands of professionals were unable to log into their system. the bank of england had to delay a $4 billion debt sale. writer of the storm. how one guy makes a living by chasing tornadoes. your phone goes off in public and it is an embarrassing ring tone. at the end of the day it is all about "money." ♪ 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: i am melissa francis with your fox business brief. twitter is getting serious about being tweets. investing in new ways to detect and limit the content. it will also tripled the number of staff it uses to respond to complaints. more popular than you think. 20% share of all desktop searches in the u.s. google still the number one choice. yahoo! search engine sword. five years since the bp well

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melissa: frozen on capitol hill. pat roberts unintentionally broke the ice. it was at yesterday's finance committee meeting. >> , on. ♪ [laughter] >> just let it go. [laughter] sorry about that. melissa: the republican senator later tweeted "somebody had to tell the administration to let it go." hash tag for the grandkids. all the major averages down. liz claman is all over this one. >> just finished. those stocks are way down. of course you see what is happening here. we are all over the markets. we have a guy named jim biondo. the markets are getting slammed

today. we are also looking at a breaking tweets. bloomberg is tweeting that the comcast time warner cable merger will be rejected because of antitrust lawyers for the government to not like it. that is a developing story. we have chris young. he looks at verizon and telecom. we will ask him about that as well. the s&p media analyst. they breaking news on comcast. we shall see. we have called into the company. the fcc. kids let's go glamping. have you heard of this? coming up, we have the ceo of -- melissa: i think what happened

was there is no ways to make camping glamorous. someone just cut her mike. enough. it cannot happen. we are well into tornado season with twisters pounded parts of texas, kansas and oklahoma last night. some towns reporting hail the size of baseballs. our next guest is all-too-familiar with these systems. a storm chaser. he joins me now. how did you decide to do this for a living? it seems insane to me. >> i get that a lot. my mom has the same opinion. i have always had a love for weather. you experience it from a safe distance. relatively. melissa: how much danger are you actually in?

>> absolutely. there is danger involved. i try to get as close as i can and making those split-second decisions from second to second really makes all the difference in the world. >> the show is called money. on one hand, it pays really well, i would think to get these kind of pictures. there are not that many storms. you almost have to hope for terrible weather in order to pay for your bills. >> i document all kinds of forces of nature's around the world. hurricanes avalanche. i call inside volcanoes. melissa: how do you plan this? how do you make sure you are close enough? >> it really does depend on what i am doing. it is tornado season. coming up soon i will be at oklahoma kansas home a

nebraska. i actually take people on trips. melissa: what does that cost? >> about the thousand dollars for two weeks. melissa: if no tornado comes to give me my money back? >> it is like a whale watching trip. you will see some of the most amazing storms you could possibly imagine. melissa: thank you very much. you have a fascinating show coming up. leave your wallet and your bag. united finally catches up to the competition. plus because roughing it never means you without your frappachino, starbucks is betting you want to huddle around the campfire with this new flavor. you can never have too much "money." ♪

melissa: is now bleeding red. all of the games this year the steepest selloff since october. 5574. it was not enough to derail the biggest game. scott martin and jonathan are back with me now. what is your take on this? >> probably something that was coming for a wild. we have seen volatility up quite a bit this year. biotech, pharma. as we have seen in the past, these are like quick close. they come back up and they go higher. >> it is like catching the falling knife.

the pendulous swings. stocks and commodities. we have seen quite a bit of green. oil has had an amazing comeback. stocks have never fallen financially for the better of two years. a healthy correction. not changing a big-time trend. melissa: united airlines wants to offer a three course meal to some of its passengers as well as free beer and wine. scott martin, are you signing up? >> free beer and wine absolutely. i don't know if it will be on a plane, though. we have people getting stabbed with a pen for snoring. the peppercorn filet mignon. i do not think so. >> airlines have become accustomed to competing on

price. try to find some way not on price. they are doing it on international fares. melissa: when you pay a fortune you are fine for hours and hours and they are like, oh, here are your pretzels. you really are not serving any food at all? we need to know to bring a grocery bag on with us. the next time you order a starbucks frappachino you up to tell them to hold the campfire. it all starts with marshmallow infused whipped cream chock chocolate sauce coffee. add a little alcohol and you have a winner there. >> right. we should put it on united. this is coming along the lines

from the peppermint woke up. i hope this thing goes well. i hope they charge an arm and a leg for it because we own the stock. >> i used to own. >> i used to work back at starbucks. the most complex drink was a mocha. he has turned this from a store into a lifestyle. each of these new additions -- melissa: jonathan, you worked at starbucks? >> i did. the first stock i ever bought was starbucks. i should have held on before i sold it. melissa: domain, thank you very much. the first to think of when you drink a glass of wine is the calorie count. if not it may be now. at the end of the day it is all about money and boxed wine. ♪ it begins from the second we're born.

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>> looking to sit back tonight to have a glass of wine or two or three? what if calories are listed on your menu? that will become standard nationwide by december. fox news's adam housley live in napa, california. live on this story. the nerve adam? >> the nerve, melissa. when you talk to people here in napa tasting wine but distilled spirit. they tell you not surprisingly they don't care. when they have a glass of wine it is about enjoyment and less than calorie counts. come december, new fda rules come into effect. a pizza master and napa wine-maker he says traditional -- nutritional labels and wine may be a half-baked plan. >> i don't know how much having those information can help the consumer. >> starting late they are year, a new fda rule will try to give consumers an estimate of calories they consume in each

glass, requiring chain restaurants to list calories in alcoholic drinks. >> calories is very limited view of the product. >> basically the government think or don't know what people think about what they drink. in a release fda says, it will give consumers easier and easy to understand nutritional information to make informed choices for themselves and their families. >> desired effect is to give people an educated view of what is in their food, including how many calories they're consuming which is important for controlling obesity. >> but average drink is in 150-calorie range while the plate of food can vary by hundreds. new rules don't apply to drinks or thed at the bar wine list or drinks not on the men my mean you. >> that is more regulation for the alcoholic drink industry. >> calories change when they mess and what about bar and

mixers? there are too many loopholes. >> it is not sustenance. it is an indulgence. >> again there are a lot of loopholes in the rule. the wine makers and distillers will fighting back. they will be lobbying to get this rule changed before it goes into effect, there are too many loopholes melissa. >> this is so true. i remember they did this with restaurants. it sounded like a great idea. it only applies to chains and these other restaurants don't have to do it. so not really fair. do you have any idea how much this will cost? that ace huge issue? they have to go in and do it to change their labels? there ace big cost involved. >> there is in fact, more so for the wineries than the distillers. wineries say you make a cabernet every year, 2012, '13 '14 every year that vintage has to be sent in and test and calorie range has to be determined. every vinage you have to do that more for big wineries. potentially 5% more to consumers

or 10%. >> right. that is great point. person buying a bottle of wine that will pay in the long run. adam housley thanks so much. >> absolutely. >> that is all we have for now. i hope you're making money on this friday. big losses for stocks. you're down 300 points. here is liz claman. liz: if you're short you're making money. thank you melissa. we have a huge selloff with a couple huge companies began to sink on one single tweet. why it is sending ripples through the cable and tv world right now. is verizon cutting off nose despite it is payment cords. it releases a new payment proposition. this is being done to stem the flood of millenials saying no more cord. looking at future of cable and cord cutting trend. cost of blasting a parking lot attendant with comment like these caught on tape. >> that is why i have a degree you