tv MONEY With Melissa Francis FOX Business May 1, 2015 2:00pm-3:01pm EDT
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it along. melissa: a 6th braidy letting the president know he may have been long winded with his answer he was just trying to wrap things up before lunchtime. >> baltimore police officers charged with freddie gray death and president obama said it is vital that the tribute comes out, a huge medical break through, a decade in advance. and world is about to watch the biggest pay out in sports history, how these two split 300 million bucks no matter how long they fight. and dow bounces back, surging more than 150 pounds right now -- .s right now. because even when they say it's not, it's always about money.
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>> freddie gray death is ruled a lomhomicide baltimore police officers face murder charges. 5 of those officers have been taken into custody. >> with today's official indictment, i have ordered police commissioner to utilize the full extent of his legal authority, and immediately suspend all officers facing felony charges warrants have been executed and 5 officers are in custody. >> wow. president obama's speaking out on the death of freddie gray, saying it is vital to get to the truth. >> it is absolutely vital that the truth comes out on what happened. to mr. freddie gray. and it is my practice not to comment on the legal process involved that would not be appropriate.
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but i can tell you that justice needs to be served. melissa: officials are bracing for a round of protests in baltimore and the nation, we bring in our panel arthur. and veronica. that is a serious charge second degree murder, what do they have po prove happen. >> they are going in new york it called depraved indifference. something that you are so depraved you are not thinking of other human beings but you have no intent to hurt or kill anyone the example in law school it is new year's eve a quarter to 12, and you take your car for a ride at 60 miles an hour right through times square. you don't want to kill anyone, but what you are doing is so depraved it is a depraved, you don't care about other human
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beings they are saying happened here is, that one thing they didn't talk about is how the injury happened. but they say at some point an injury took place in the van that officers knew that a injury took place they knew he was in depress, they said -- destress, he said he could not breathe. they got not assistance until they were at the station house and heave not he was not breathing any more. melissa: was there a -- >> did a police officer stop short, was a kid playing ball and ran out in front of the car cops hit the brakes? did that cause his injury? they talk a lot about no seat belt. no seat belt, that leads me to believe there may have been no intent for police officer who was driving or anyone in their to hurt him, but there was a degroovedegree of negligence so high
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by not strapping him in and driving erratically. melissa: would that qualify as second degree murder. >> that is a very big stretch. in my opinion. and i don't want to go too far afield. but, there is a little bit of a conflict, if i have for this prosecutor, her husband, is a city councilman. right here in baltimore. right there. and he has been vociferous about justice for the deceased. and the legal purpose -- the legal process has to play out and they are in the same resident as the person who is making the decisions if i am the governor of the state of maryland, i am going to ask my legal team to consider this is a type of case where a independent prosecutor should come in. melissa: here is the danger. >> they don't have, if they don't have evidence to convict. then you indict but then convict
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does not happen, how does the city then reacting. i am jumping ahead. >> you are right, but justice system cannot be dictated by how thugs react on the streets if they don't get what they want in the courtroom. a prosecutor or a judge or jury should not decide a verdict based on what people on street who president has referred to as thugs will react. >> these charges in short run to preventing additional riots. >> there are a lot of unanswered questions, we will see how protestor react today. melissa: that was an intense reaction, 6 officers charged severely 5 taken into custody already. it sort of, they have to now follow on like you said. it almost seems like something has to come of it for people to be satisfied do you think? >> it will be a very dangerous upsetting day for the people of
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baltimore if this goes to trial and -- >> they said about ferguson as well. >> a fuge case in new york, bruce springsteen wrote about it called "front 41 shots police thought he was doing something wrong he reached for his wallet to give them his idea, the officers thought he was the reaching for a gun they shot him and the officers were acquitted. somehow the "new yorkers" did not burn down the buildings we need to act appropriately. melissa: a huge story that would be top of mind if not for baltimore, tensions in strait of hormuz u.s. navy beginning to accompany american ships through the strait two days after iran seized a western cargo ship. this would be so serious.
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>> a lot of tension in that area of the world 30% of the oil gets slipped through that strait, a person trade route. are there underlying tensions with yemen? this could play a part of it. iran saying it is not. i think it is good u.s. is being vigilant on this. but we have to watch the price of oil this could have realismcasion for royal market. >> we can handle price spike but thank god for our u.s. oil industry u.s. supply roughly 80 highs, it has been so strong, that we with stand any supply disruption that might happen because we have been so aggressive, in producing oil with the new is in most middle east there is a new wrinkle every day. in the meantime, weakest link shared of linkedin crashing,
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seeing the deepest loss ever trading at lowest level since october, the stock tries just crashing. >> this will be a problem revenue growth will be's problem, there are too many companies chasing too 52 dollars -- too few dollars advertising revenue can be so big a part of the economy. these names of going to get hit. you saw what happened with twitter, revenue growth, slowed, slowest rate since it went public. apple does not have that problem, that is why -- >> so hard not to be a fad in ocean is media linkedin. everyone was talking about it for a while it is the same, facebook, you know younger friends they tell me that kids are not on facebook any more. >> they are out, i think that linkedin is focusing, on-line
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learning they bought a company for couple billion dollars. i think some of their earnings miss had to do with that, and future projects are getting affected by that. i think that street is giving them some leeway looking forward short-term. this stock has been a high flyer for so long. look at share price it is down. >> you said about apple you know, that holds true now, but let's see where apple is in 2 or 3 years look at blackberry. >> consumers are fickle. we should talk about social media you are on every social media platform. >> i am not. >> you're even on tender. >> oh, woe. wow. melissa: nfl draft serving as a catwalk for jocks as teams pick their newest super stars dante
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fowler's outfit was number one. with golden shoes nike released a special pair of kicks for second pick marcus mariota. 8 on there do have you golden shoes? >> i do not. melissa: i feel you are a golden shoe kind of guy. >> nfl the drafts draft growing up for us was nothing they created a huge event. and speaking from a real hands on perspective these young men getting in amount of money and attention it does not -- if you look at history did does not bode well for them in the future unless they have a strong solid family unit that are guiding them through this
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trechous road of life. melissa: elan musk's latest product launch may not be his sexiest ever but wait until you see what it can do for your energy bill. melissa: wait knoll you see -- until you see had heart stops ride with u.s. air force thunderbirds, more "money," maybe a little about barf, coming up.
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at $127.24. >> a troubling report from faa the boeing dreamliner jet could lose power in certain situations. that not good. the glitch can occur if aircraft is powered for a long time without interruption, boeing said the fault has never happened during a actual flight, but they are still working on a fix. i hope so. >> and thunderbirds in texas preparing for an air show, jeff flock took a ride today in a f-16 fighting falcon, jeff, what was it like. >> oh, my lord, geez, we pulled how many geez? >> 9 geez. >> that was incredible. melissa: woe. amazing. i don't know i heard he throughthrewup jeff flock are you?
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>> yeah do you top see it, this is live right now this is practice for the air show. >> oh. i hope we get that back, i love jeff flock, he was the a real dare devil we'll get that back. liz claman on the loose in omaha, we'll tell you whether or not she is hearing from top ceos. and what she is asking warren buffet. >> and manny pacquiao and floyd mayweather ready to rumble in vegas, wait until you hear what people are paying for pac-man short, short. "money" coming up.
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ng around the world starting with u.k., bracing for general election next week, there is no clear winner in sight, polls suggest that david cameron conservative party cannot secure enough votes for a majority the opposing labor party not doing much better, likely thaal leaders will need to form a coalition with a smaller party. >> to turkey police fired tear gas at hundreds of people, it all part of a may day protest. which have shut many streets in the center of istanbul. ly on -- riot who police were using water cannon. >> in germany scientists create a chimp robot used for unmanned missions to the moon, it is climb, grasp at rocks and move overall types of terrain it
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looks terrifying. melissa: up to 40,000 people are expected to descend on omaha nebraska for the annual meeting of wearch warren buffet and berkshire half way liz claman with more. >> reporter: look at this line, you have to see this, it stretches all the way back there and note everything they are carrying they are buying hundreds of dollars worth of merchandise. we'll follow, and show how far the line snakes. it goes several loops before you get to the cashier. u.s. sneaker business it $20 million industry, he bought brooks 3 years ago and replaced up this morning with the ceo jim webber find out real feel. >> there is always great energy
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here, but for us, the running energy is growing here. so it is so much fun for us to be here. people are excited about products that we bridge, and about -- we bring and the run we do sunday. liz. brooks is good for about a half billion in revenue for warren buffet company he loves you because you are a catch machine are you talk about products, you are selling these 50th anniversary shoe with picture of warren buffet right here on the inside. the gold laces for 50th anniversary. how much is this going to cost? how many are you expecting to sell. >> probably sell further,000 of these -- sell 4,000 of these, i think we'll likely run out the glycerine is one of the best selling shoes in the market right now runners love it with the berkshire touches and gold, the theme of the week it should be fun.
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liz: you are for running there are new trends now. how do you carve out a niche that is still as attractive for a sales perspective in midst of these other things, you name it? >> running is still the next big thing in our view. there are so many people running, it has been growing or for every a decade, we technology will continue to grow because it is driven by health and wellness phenomenon, in middle of everything else is running, 50,000 people in new york marathon last fall it was soldout, people are being more active, and running is in the middle of it. liz: shine is -- china is number two sneaker market, are you worried about it? piracy knockoffs? how do you keep your sneakers. >> runners are in charge, we're so focused on building the best product out in the marketplace.
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i've never been more excited about our product 55 line, our -- pipeline, our mission is to be number one choice for the runners in the world they vote with their feet, and their credit cards,ion connecting with them is what it is about. this assault we do. -- this is all we do, we're only major brand that is exclusively focused on runners. liz: why can't you get warren to run the race. >> the word circumstance he is either sleep -- word is, he is either sleeping or reading annual reports but he is supporting the i'll take that. liz: he is on the t-shirt, in the next hour, burlington northern chairman matt rose, and the beautiful kids -- bust buffett
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kids that and more coming up at the top of the hour. >> looking forward to that liz. thank you. we made contact with jeff flock did the planes take you out are you okay? jeff: they blew us off of the air. we have pictures of some of what looked like, i don't know, i am hearings thunderbird over. i blacked atlanta one point you are -- i blacked out at one point, you are pulling 9 g's that will put a hurting on you. i feel like i have been out drinking all night with a terribleterhangover, this is incredible. they are just f-16s they are incredible pieces of machinery
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they did bomb things, they can shoot machine guns from that, sense missiles out from that. it is a multi-task piece of airplane that i was very privileged to be on one today. melissa: you are a brave man you still seem a little woozy. >> i asked they will let you do it if you want. melissa: i don't think so, jeff flock thank you. >> a test that can detect cancer more than a decade in advancement our doctor breaks down how it works. and why it could save lives. >> tim cook doing it on the cheap, why the apple watch may not be as fancy as you thought. piles of phone phone "money" coming up. ry good. you see something moving off the shelves and your first thought is to investigate the company.
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melissa: protester in baltimore praising news that 6 officers will face charges in the death of freddie gray, they include manslaughter assault and second degree murder. fox news' leland vitter on the ground in baltimore where he got into a heated exchange with reverend al sharpton. >> what do you have to say to the businesses that were looted when you toil the police to stand down. >> hey, excuse me, why can't we ask questions? we can't ask questions? >> you can. >> to a public official? you can't ask. >> you have opportunity. >> i can ask questions you will answer the questions then? then you will? >> answer all questions. >> excuse us. >> woe. woe. >> i still don't understand why al sharpton was in charge of who was getting to ask questions and not ask questions as a member of
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media himself that makes no sense to me, leland vitter, what is going on there now? >> reporter: melissa, i'm not sure baltimore would be celebrating any more if the ravens had won the super bowl, it is crazy here on this street corner. right after the charges were announced, the place went wild. i am getting to christian to pan over everyone is dancing in the street, what is a main corner, it was place of all riots that happened in the week. go to your right. you will see the line of police, there are hundreds of police officers in riot gear, s.w.a.t. teams backed up by national guard, all professional but some demoralized feeling their officers were thrown under the bus. tell us, the chant was no justice no peace. is this first step in justice?
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will there be peace? >> this looks likes first step right here, to achieve anything in life you have to take baby steps, i consider this baby step toward justice, you know, that is the way i look at it. >> reporter: almost like the balloon of anger was popped on the announcement of changes the questions are two-fold what happens in the next couple of days here in baltimore in the streets, and these are only charges, so number two there is a controversial trial to come then the verdict, you can very celebrate or residents warn me, that if there is an acquittal it would make rodney king riot look elementary. melissa: wow. thank you leland vitter. the dream of going off the grid got more real. tesla revealing the highly anticipated battery lineup, there is one made just for your home starting $3,000, increasing capacity of solar
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panels and can be used during power outages are. and joining me now jonathan hoenig. do you own tesla? does this make you want to if you don't? >> i don't own a tesla, but i am sure appreciative that musk for pursuing better energy technology and battery technology. i remember carrying a boom box with 8 big double d batteries -- or drchtionbd batteries, i don't think this willing solar. melissa: i meant do you own the stock? >> no. >> scott martin? >> we own it we own some solar city and jonathan still owns that boom box i have seen it [ laughter ] melissa: tell me about the battery, what do you think about that battery? >> a great idea, but your lead
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was right this excludes a lot of consumers it is really expensive, any of the new technology as cool as it is, it has to be affordable for middle america. melissa: i thought it was interesting that toyota tweeted. the sceptics think that the hydrogen car are bull -- then they put a star in there. they are getting edge we their campaign to you know hit back at tes lamp maybe not feeling modern enough. we'll keep an eye on that. and apple wants you to fork over $350 for its new watch, but it probably does not want you to know, it is a bargain to produce, they find apple watch sport lowest product cost of any apple product at $84. they did a tear down, it was about 84 bucks to build it and they want to change you 3
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something for it, does that make you like them or like it more or less? >> it makes me like them more, because, you know 300 bucks for apple watch it does not matter if it costs dollars 10 that is a huge advantage, more than 350 in value. and when you calculate that, how much it cost to make to don't leave out billions of dollars in mind power and man hours. melissa: there is a lot more in that, but 24% of the sale price is what it costs in hardware? scott? >> that is sweet. probably a good reason to own the stock. jonathan made the comment about value of brains, i don't know, i think that watch is a cool gadget. but i don't need that on my wrist that bad. melissa: no, yeah. i don't know. this will be an interesting one to watch. in the meantime.
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microsoft, wants to guess your age, do you to want go to next thing? no? >> i'll guess your age melissa. melissa: that is okay. dow continues to rally we go to nicole on the floor of the new york stock exchange. >> reporter: we're seeing gains up 180 that is a big move for dow jones average that is one full percentage point, s&p 500 and nasdaq gaping more than 1% each. -- gaining more than 1% each, russell also bouncing back. it has been a tough week on wall street, russell was down 3% this week. this is a snap back, i had a conversation, with keith. watched trend line, and support line off of december lows saying this is a snap back. question is, whether or not you hole the moves then you can break out. but in the meantime, that is what we're seeing, a mover for you, yum brand a big mover
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hedge fund third point showed ain't interest saying it is attractive up are their stake in the company because it has been under pressure because of poultry issues, this is kfc attacko bell -- tacky bell, andtaco belland pizza hut. back to you. melissa: nicole we know that dow up 179 we're seeing a rally here. as we head to close friday, strong market. you might want to take your summer vacation away little bit early this year, gas prices, they are on the hike. as summer approaches, and copper not just out policing the streets. tomorrow's venue place at the boxing match? all about money. the real question that needs to be asked is "what is it that we can do
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melissa: new rules for crude by rail u.s. and canada will have to phase in new tank cars within 3 years. they have thicker steel walls making it harder to puncture if they come off the tracks, regulators are trying to reduce of risk after several explosive accidents in recent years. >> and facebook is about to pass
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1.5 billion active users it could reach that milestone this summer. >> twitter and instagram have 300 million. >> and gas prices continue to climb. average price near $2 .60 a gallon that is up 9 cents in a week. it is also sweat% higher than -- 28% higher than late january. >> is the latest in fox business network.
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melissa: floyd mayweather and manny pacquiao ready to duke it out in vegas tomorrow night they are getting paid for every hit they take, fighter set to split estimated 300 million dollar purse it is richest in sports history and manny pacquiao confident he has divine intervenetion on his side. >> i am not worried i rely on the word of god. and he said do not fear for i am with you. i will strength en you and help you. melissa: there gump here to discuss it all forbes sports editor. j.t. the brick from fox sport radio is this bringing boxing back charging $99 for pay for
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view, is it a one-off or will it make it really stick and gel? >> well, i believe that boxing has been great for last 15 years, you had oscar de la hoya era, and mayweather and manny pacquiao, you missed out to great boxing, but this is a game changer, the amount of money spent on this fight to promote it tickets closed circuits venues and floyd is making $150 million, if manny pacquiao losing and i think he will lose a close fight he will get $100 million to lose, mike tyson never made more than 30 million a night. melissa: it is huge. other month stats because the show is called "money." manny pacquiao paid 2.25 million selling space on his shorts, i love that idea, 2.25 million does that blow you away?
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not when you think of how many people are going to watch the fight, a lot is about sponsorship revenue. and i have to say i disagree, for boxing i think this is a one-off there are no other combatants that will command anything close to this the de la hoya fight was in in 2006 or 2007. but the last fight of century 1971, if you adjusted money that ali, and frasier split it was 30 million,. melissa: it is interesting they will have pay-per-view police, you will pay based on how many people are watching, which is hard to figure out if you bars are pay $5,000 if you have between 100 to 150 people.
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but they are paying $15,000 if you have 400 to 500 people. do you actually think that -- j.t., will they be out trying to enforce this. >> they should try the bars and restaurants that try to illegally get this fight and not do it correctly. but speaking here in vegas mgm has a number of properties, you can only watch the fight if you don't have a ticket at the mgm property, those $150 tickets are being scalped for $500, because people cannot even see the hype on the strip. i don't know how the fight will turn out, but this is worth every penny. if you are sitting at home paying $99 that is the deal of a lifetime, it would be worth $99 just watching them walk into the ring, it is a good value. melissa: cool, all right, thank you so much.
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>> 141 kentucky derby kicks off testimony attomorrow at church hill downs the great thing are hats in the stands. joiny me now hat couture. how much of your hats? >> well, they range from many different prices, average from $400 to $1200. melissa: what is different about your hat versus if i just went to macy's and bought a big fabulous hat. >> there is a big difference, a millner is someone that makes hats from scratch i go back to a old way of making it called blocking, i can measure your
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head pick out april and -- material and making a hat just for you. melissa: royal couple it seems kate has brought hats back in fashion. for a while it was old ladies, and now kate made the fascinates fas fator -- fascinates or. >> everyone knows what a fascinateor is because of kate. it is -- hats have been a big part of derby and for young and old. fascinators people are really liking how light weight they are and easy to wear, people of all ages are embracing the fate fascinatesser. melissa: thank you jennie. >> absolutely. melissa: steve ballmer playing stage dad in clippers game over spurs
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today beside himself as final second tick down, let's hope ballmer has something left in the tank, there is no crying in basketball either. look at him. life style of truly rich and famous are now more than $100 million dollar homes than ever before. >> a lot of broken hearts in vegas this weekend why britney just canceled a bunch of her shows on one of the busiest weeks of the year. what? you can never have too much breadth. now? can i at least put my shoes on? if your bladder is calling the shots ... you may have a medical condition called overactive bladder ...
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melissa: it is a headline that is as ground breaking as scary. a new test could predict with 100% certainty whether or not a person will get cancer within 13 years of the diagnosis. joining us now dr. robert, i don't know if i want the test. >> basically, i think important explanation for test, they are really the caps on en of chromosomes. if they get frayed. then those caps cannot protect the dna . if the dna getses damaged maybe it pushes to us a place of developing cancer. melissa: back a step. do you believe that claims of test are true? >> i think that technology in testing if phenomenal. now we can say we have an ability to evaluate the ends of the chromosome. my problem is that some of the claims that are printed are out
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there. melissa: you don't believe them. >> they are contra decry. these people are getting tested for the damage, all of 135 developed some form of cancer. numbers don't match. 100% accurate measures end of the chrome scone but not 100% with people developing cancers. melissa: could you then prevent it or do something about it? >> that is a good question, that is where the conversation, and study should go. the real thing people have control over is not aging, but their life style, you know nutrient, dense food, exercise life style. melissa: could this go in a scary direction where you get a insurance policy they go out and make you get a test. >> premiums go up now is this
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another way to push a test that increase you know monetary gain? the test is phenomenal, thank god technology is there but you have to question what really is being said in the study based on funding. melissa: doctor thank you. >> thank you. melissa: the new avengers movie one of the most highly anticipatedy is sequels of the year, will it be enough to knock "furious 7" off of the top it is all about big bucks andsltu "money." and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions
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♪ gerri: whether it's on wall street or main street here's who is making money today. starting with the ultra wealthy. the number of homes valued at $100 million as surged within the last year. that's amazing. there are now ten properties in the us with that price point. up from three last year. losing money brittany
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canceling two shows after injuring her ankle. maybe she'll check out the big fight. i'm a little suspicious. still making money furious 7, the mega hit has reportedly surpassed sales of harry potter taking $1.4 billion at the box office. that's amazing. about to get smashed by the hulk. the age of you ultron is breaking records. are you going to see it? >> it's a busy sports weekend. a lot of other people will see it. that's probably the best in terms of competition. it's already a record breaker overseas. you have the kentucky derbiy. mayweather pacquiao. nothing will slow down this movie. first of all, we can look, if we look at the numbers. i feel like i'm covering the economic report in
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doing this. the standard it has to beat. the previous -- harry potter. a lot of people think it will get close. probably top that. how do we know that? it's already doing great. the midnight opening. $27.6 million. one of the best ever in that category. this movie remember, opened early overseas. it's 300 plus million worldwide already. thanks to foreign money. robert downey jr. scarlett johansson. i don't know if i'll be on the list. but a lot of people will be this weekend. >> have you seen the furious 7? i won't see it until there's a furious 8. what about you? >> i don't get out much. melissa: see either that, when i have a sitter, i want to go out to dinner and have a drink.
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>> that's what we tell you ourselves. melissa: thank you so much. that's all we have for now. hope you're making money today. the market on this friday up 166 points. "countdown" starts right now. liz: thank you very much, melissa. thank you very much, melissa. redemption for warren buffett's berkshire hathaway and burlington railroads. matt turns it around. how is he turning around that railroad that buffett owns? how will he face new regulations that the entire industry is being pinned with? matt rose coming up. staying humbled and focused even when your dad gives you $3 billion. meet the buffett kids. and what it's like 50 years after their dad founded this company growing up buffett. maryland state attorney announcing new charges ranging from
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