tv MONEY With Melissa Francis FOX Business May 7, 2015 2:00pm-3:01pm EDT
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ccording to one mcdonald's executive. he had time to grow up and mature. apparently raising family out in the bushes. buschs. burbs. we'll hand it over to melissa francis and money. melissa: thank you so much, lori. move over larry mow and curly. looks like the three stooges ha competition in our very own government. your tax dollars hard at work. you went believe this. epcaseping bird flu. one turkey farmer is doing to protect his business as the u.s. sufferers its worst outbreak ever. decision time for the nfl. what do you do after an investigation concludes that tom brady probably knew air had been left out of his footballs? rapper an act to ja rule is her. his new business goes beyond the music. because even when they say it is
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not, it is always about money. melissa: if the government was aiming for scandal it just scored a hat trick. the irs not just keeping tax cheats on the payroll but promoting them. over pentagon employees, charging gambling and escorts to their government credit cards. a va worker has the same taste for adult entertainment with hundreds of thousands of dollars of stolen money. charles payne host of making money. jack you've hough. we're waiting for charles payne. he is in so demand. >> i can't wait. melissa: he is that's right. >> which one do you want to start with. melissa: start with the irs. >> right. melissa: refusing to fire workers that they found cheatings on their taxes. >> yeah. melissa: 60% of the cases involved willful violations.
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1580 deemed to intentionally cheated on their taxes. >> only thing i can think of these folks must be hard to fire because they're union workers. i never quite understood how you have a labor union supposed to help you gain leverage against person that pays your wages. but in this case the taxpayers are paying wages. we have union that fights against us to prevent these, prevent the irs from betting rid of people who are cheating on their taxes. melissa: these are the people policing us, making sure we're paying our taxes and they're not paying their taxes. gregg jarrett, let me ask you about the defense department audit that found pentagon employees using their government credit cards to gamble and pay for adult entertainment. >> it is so stupid because i always use my personal credit card for hookers -- melissa: you would think. >> and gambling and stuff. what dib tushes me is that these people who are really stupid are working at the pentagon you know. they're the ones who have the finger on the trigger. melissa: the point with the credit cards though one they have made about the pentagon thing is, they were using the
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pentagon cards to hide it from their spouse. >> right. melissa: they're not afraid for the government to know that they're getting, using escort services and that. they don't want their spouse to know. >> they counted 900 visits. spending was almost $100,000. according to my math but i don't go to the places but that is a $1000 a visit. >> their solution once they got caught, the pentagon, says we will tell the people it is against policy. hello. it is against the law, converting to personal use government property. melissa: other thing that drivers me crazy about the thing always details come out through an investigation with the inspector general in their particular department. you don't hear more about it. like it comes out they have done it but then no one gets punished. it just sort of sits there. for example, in the with the va. a federal former federal employee in michigan admitted to embezzling $150,000 from the va
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spending it on addiction to gambling prostitutes and strippers, including lap dancers from a stripper named ashley. >> most of the money went to ashley. $150,000. what the va didn't do is check when they hired this guy he is an ex-con, with a long criminal record. are you kidding. they hired him. >> ashley seems to have real skill for balancing the books. maybe the va should look into a hire. melissa: exactly. all right. don't count your government out yet. the obama administration is all over the real crime in this country the size of the billboards in times square. i wish i was kidding about this story. the feds telling new york to pull down many of the iconic knee i don't know-lit -- neon lit signs. a 2012 law limiting billboards applied to types square. only took the government three years to catch on. 1965 highway beautification act
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which limits signs to 1200 square feet. the feds were walking around times square said, wait a second, these are bigger than that! >> the signs in times square are as iconic as underpants cowboy and dirty elmo. i don't envision without doing them anytime. >> we talked to the federal highway administration. they're backing off. saying, we really didn't intend to yank $90 million in federal fund to you guys. we'll, we have been working for a year they say on a solution. they could write it in 10 seconds, you are hereby exempt, times square. melissa: but there has to be more to it right? what it that they want? why did they come in picking on them. the signs make $23 million annually. >> they are thugs. they're the federal government composed a lot of stupid people who nothing better to do. melissa: thanks for sticking with us. the senate opening to the floor of first of two votes on the iran bill. the proposal would give congress a chance to weigh in on any
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final deal. today's vote requires 60 of 100 senators to agree to formally end floor debate on the legislation. and there will be another vote on the actual bill as well. we'll bring you the final tally as it comes in. that's what you're watching there. across the atlantic the stakes are high as u.k. voters take to the polls in the most unpredictable election in decades. the outcome could affect country's eu membership and scotland's desire for independence. senior washington correspondent peter barnes is at the white house with more. peter? >> hey, melissa, the white house says it isn't taking sides in british election. but when president obama met with prime minister david cameron here at the white house in january he lavished praise on cameron saying he was a great friend, a trusted partner. and he praised his handling of the british economy which has been growing. he revealed his nickname for cameron is bro. the lake power party in britain went nuts accusing the
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president meddling in british politics f the president was trying to give his bro david cameron a boost at the polls, it does not appear to have helped much. polls show that conservative cameron is in a dead-heat with labour party leader ed miliband, with neither party likely to win a majority of seats in the house of commons which means whoever gets the most seats today, likely will have to, form a coalition government with one of the three other smaller parties that are competing in this election. the polls close in britain at 10:00. and that means, 5:00 eastern time back here in the colonies. melissa, back to you. melissa: peter, thank you so much. stocks near session highs, powering higher after two straight sessions in the red. let's go to nicole petallides on floor of new york stock exchange who is watching three big movers now. nicole. >> indeed melissa. let's start off with yelp. yelp was halted and resumed trading on reports from the "wall street journal" and
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dow jones they are in fact exploring a sale. we've seen mergers in the group. expedia bought orbitz worldwide and. it could fetch $3.5 billion. no deal is imminent according to reports but a stock to watch. whole foods market which is down this year is down again. down about 14% this year. down over 9% today. same-store sales slowed. they will try to get rid of that whole stigma, of whole paycheck to stop there. smaller stores that are value focused. alibaba down 17%. it had a revenue beat and changing of ceo. the chief operating sister will move into the ceo position. jo ling kent had opportunity to interview him. the stock is up along with it. melissa: thank you, nicole. they work hard for their money but not every major treats them right. so-called stem fields come out
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on top standing for science, technology, engineering and mathematics. liberal arts and humanities bringing up the rear. my panel is back to discuss. charles made it. charles payne in the house. >> okay. melissa: i will go to you first. they compared pet troll yum engineers who earn 4.$8 million through their career, $136,000 a year. which is triple what someone made who majored in early childhood education. >> i know. it is, hey, listen, here's the thing. most of the people who take these courses know what they're getting into. it is okay. it is their calling. they are okay if they make 35 or 40 grand a year. after a few years making that, paying back student loans they get upset. those are target voters. raise taxes on petroleum engineers. something not right, not fair. pay my student loan. everybody is cool with it through the college first couple years. as the bills mount up people get angry.
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melissa: okay. >> any younger viewers deciding what to study, study science. if you learn physics in school, decide later want to go to wall street, people on wall street know you're smart enough to do the job. if you study some other wishy-washy field. stay away from journalism. i don't want the competition. melissa: stay away from journalism. early childhood education we need teachers but it sadly doesn't pay anything. talk about science careers. those are the same. biology majors for example make a third less than physicists. are you physicist? >> no. that is one of the things i'm not. i'm actually a lawyer by trade. melissa: right. >> don't hold that against me. we all sin. but interestingly, if the biology major goes on and gets an advanced degree, then they do make as much as physicists, which i found really interesting. melissa: okay. >> but i want to get back and get petroleum engineering degree. work for harmed ham. >> up in north dakota.
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that is only thing. >> harold down in oklahoma city. i'm available, harold. melissa: thanks, guys. he can run from the cops but no escaping the mcdonald's makeover machine because there is nothing cooler than a burger stealing bandit looks like he grills them on the weekend for his kids. wait until you see his shoes. tom brady gets sacked like never before. think about what the "deflategate" scandals teaches the next generation. "piles of money" coming up. >> good lesson for kids, kids if you cheat, don't play fair, you will be the mvp of the super bowl and marry one of the most beautiful women on earth. remember that. [applause]
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excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. melissa: nfl independent investigation into the new england patriots deflated footballs finding that quarterback tom brady probably knew about it. it was a key game that helped send his team to the super bowl but the quarterback contends he knew nothing about it. the brady camp is now firing
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back at the report. his agent don yee, saying quote, the wells report, with all due respect is a significant and terrible disappointment. it is omission of key facts and lines of inquiry suggest that the investigators reached a conclusion first and determined so-called facts later. charles and jack are back with me as well. believe it or not spent basically the whole morning reading through this thing looking for smoking needle. all i can find in here they can prove that the deflator did it and that the other guy egged him on. they don't have any direct evidence tom brady told him to do it. >> not necessarily that he told him to do it. listen, you're a quarterback. you understand the feel of the ball. you touch them all and feel the one you want. if he knew the ball didn't feel right, played with it. there may be responsibility. melissa: they didn't prove that. >> he might have known they were deflated. melissa: go ahead. >> i think that is just it. you can assume that he knew. melissa: i don't think you can assume he knew. this is america.
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>> he didn't know geoff hand. >> we always assume. that is why it is america. melissa: that the ball felt under inflate tad. >> they could have been doing it, obviously it would benefit him. anyone could have told him to do it. could have been gisele out there telling him. >> it was perfect for him. had that squishy, perfect tom brady feel. melissa: should he have raised his hand and says, this ball feels fantastic? >> he got the one he wanted. bottom line here is the real dial, medical list if you ain't cheating you ain't trying. melissa: this is the best they could do. the investigation found that it is more, it is more probable than not that brady was at least generally aware of inappropriate activities. can they punish him based on that? more probable than not? >> i don't think -- that is a lame statement. >> i don't know that you can punish someone on more probable than not. >> in the nfl they probably will. melissa: everything about tom
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brady is raised to level of deity. beyond handsome. most fabulous quarterback. his wife is supermodel. even his baby model is stunning. the kids. is he tarnished. does anyone care. >> i don't care. i never held him in that much high esteem in my book to begin with. melissa: not a pats fan. >> not a pats fan. he hasn't really knocked me over that way. melissa: you net-net, don't care? you think he probably cheated? >> i think he probably cheated. you know what? he is amazing he would have won the game anyway. >> this will blow over. took a little bit of air inside this thing and moved it over here. melissa: does he lose any money. >> could be a fine from the team. melissa: they don't need that much more money. >> maybe pr. melissa: speaking of crooks, the hamburglar is back in town. however the cute cuddly version from our childhood is gone. he was replaced by this dude.
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who apparently spent last 13 years hits gym, living his best life. spokesman for mcdonald's says, the hamburglar has been very busy during his time off, raising his family in the suburbs. i wonder how mrs. hamburglar feels about him back in the public eye? i don't, i don't know. what do you think about that? >> i don't even know what i'm looking at here. melissa: like some dude, like the guy from the trivago ads. >> i'm uncomfortable with his handsomeness. melissa: really. >> i like a chubbier hamburglar. that is just me. melissa: more comedic. >> i think hamburglar is supposed to be funny. >> mcdonald's had big corporate restructuring. has the hamburglar back. they are doing everything right except selling more hamburgers in exchange for money. melissa: kale was giant mistake. spending time on this guy, i don't know what it is about. as a wise said recently it is
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about the french fries. i guess. >> make a better burger. how about that? just make a nice big juicy better burger without antibiotics. melissa: there you go. >> that dude is creepy. that dude is creepy. melissa: that hamburglar is very strange. thank you. calling all dessert lovers, a scientific reason why eating chocolate might help you lose weight. adding chocolate you will lose weight. i'm not kidding. ja rule is here to tell us all about his latest business venture. do you ever have too much money or too much ja rule? ♪ ♪ ♪ ♪ ♪ ♪ ♪ the ones with the guts to stand apart -
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flooring. the move follow as "60 minutes" segment back in march that alleged its laminate flooring made in china contains toxic levels of formaldehyde. today's actions are a big sigh relief for investors. the stock surged 4% in the earlier in the session but now up at 1%. but shares are trading less than half their february levels. look at that. some families inherit old memorabilia. some old furniture. but an alligator farm? tonight on "strange inheritance," jamie colby meets two families that inherit wildlife sanctuarieses. that starts 9:00 p.m. only on fox business. >> if you need another reason to eat chocolate, i know i don't a new study from germany finds adding chocolate to your diet, especially the dark kind could speed up weight loss. dr. kevin campbell is here. i drilled down on the study. this is near and dear to my
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heart around seemed like it needed investigation. two groups. one on a low-carb diet. but they added 42 grams of dark chocolate daily. the third group got to eat whatever the heck they wanted. the group with the chocolate lost 10% more weight and kept it off longer than the group following the better diet with just the caches and not carbs. that is amazing to me. why did the chocolate help them lose more weight? >> i think two things are going on here. we know dark chocolate with 80% cocoa or more serves as antioxident and promotes the growth of lean muscle. however i think it is more psychological. if you get a taste of something good every day, in the midst of an exclusionary diet you're more likely to stick to that diet. i think that is probably the biggest reason they lost more weight. melissa: i think so too because you talk about building more lean muscle. that weighs, that weighs more. so if you have muscle in your body that will not help you lose more weight?
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>> no the way it can help though muscle burns more calories because it metabolizes more sugars in your body and uses more nutrients. so it burns calories faster when you have muscle mass, particularly doing weight workouts and things like that. but i think it is all about giving yourself a little taste of the chocolate every day. melissa: that's what i think. >> absolutely. melissa: you're more likely not feel deprived and stick to the rest of your diet but in the meantime you have to be careful not to overdo it on the chocolate. another study report finds high blood sugar levels can trigger alzheimer's disease. researchers discovered elevated blood sugar levels can increase level of toxic proteins that damage the brain. so you weigh less but have alzheimer's. that is no good. >> that is no good. what we have found out looking at diabetes research that when you have high levels of blood sugar it promotes formation of a particular protein that is deposited in the brain. that is associated with alzheimer's.
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they're called seen nile plaques. when that happens it causes memory loss and changes we see inals humors. important to control our blood sugars particularly if we have diets. melissa: thank you very much, dr. campbell. >> thanks for having me, melissa. melissa: the bird flu outbreak is raging across the country. our next guest is a turkey farmer who is miles away from an infected site. listen to what he is doing to protect himself. plus the minimum wage still a hot topic for lots of politicians. how one town is trying to push it to six teen bucks an hour. -- $16 an hour. ♪
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melissa: c to turning c. san francisco could soon have the highest minimum wage in the whole entire country. $16 an hour. without approval from state lawmakers. here now is steve moore. also a fox news contributor. along with our very own lori rothman. seattle already increased their minimum wage to $15. one study that that that will cost them 19,000 jobs. they decided they will go to $16 an hour. i do not know. maybe they support it. what do you think? >> the races on. we used to laugh at somebody that would propose these really high minimum wages and now this
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is where a lot of them are going. the end result of this will be people at the bottom of the income scale will be the ones priced out of the labor market. the evidence is very, very clear about this. melissa: let me ask lori rothman a question. this story i actually like. a small town that will do this experiment and they will braze their rates really high. if this blows up, people know where to find the local officials. if you want -- i don't know. they can support a minimum wage. a big box store. outside of san francisco. we just got the job this morning. the economy conditions are
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something that companies whether they are small businesses or big companies will be forced to pay a higher wage anyway. because of this tie in a labor market. melissa: andrew pall mall wants to propose a wage board. asked if he can raise the minimum wage. going around everyone else. >> let me tell you through most of the 20th century we had minimum wage that is much higher than it is today. the result was the greatest of wealth creation in the history. >> of the minimum wage. it happened at the same time. >> consumer spending money. they create jobs, ultimately. >> here is where you are wrong.
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the. where we have the most economic growth is the 80s and the 1990s. ronald reagan never increased the minimum wage. now we have the biggest economic boom. creating jobs and higher wages. economic growth. >> we have to wait for this. melissa: tens of millions of birds are dead of avian flu. our next guest is a turkey farmer. he says that he is worried and scared. the disease will end up at his farm. kent joins me on the phone from minnesota. you are really convinced that it is going to end up on your farm? >> we have a worry. we have no idea where it will end up. it is a detrimental disease. it hit so hard and fast.
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you do not have any time to react to it. melissa: have you received any guidance or help? >> our government has been working on programs to control this for over 40 years. we have a lot of people. they are all working together to control this problem. we have a lot of support behind the scene. >> right now we are quarantining. they are not allowed to come into our facilities. we pick up our products at a remote location. we do not have traffic coming into our farm. any trucks that come from farm to farm are being disinfected prior to coming to our farm.
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they are disinfected on the way out of our farm. we are doing as much as we can to control as much traffic that could control our farm. melissa: what it would it cost you? >> it would be a huge expense. it also depends and how quickly you catch it. >> what is the scope like? i do not know much about the size of your particular business. can it close you down? >> hundreds of thousands it could cost you if you did not catch it early enough. yes, it could close you down. melissa: how did it get so far out of control right now? >> this bread comes from wild birds.
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probably a cross between the asian strain and american strain of the virus. viruses typically mutate. a combination of both that is coming to the flyaway's when the birds migrate. that is where it is being tracked into the farms as far as they know. melissa: thank you so much for coming on the show. we will be thinking about you. for you it is your whole livelihood. thank you for coming on. we want to get a look at crude oil prices right now. 5894 a barrel. the biggest drop in a month for oil. and a lot of optimism from elon musk.
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in the that they cannot shut his shares are now on news that a private equity firm wants to buy the stores. they go could value around $2 billion. it looks like this is the new apple watch app. it links search in vehicles to lock and unlock and honk your horn. some say this could be used by parents to spy on kids. nothing but net. look at those moves. who knew that the pope was such a basketball star. hoping his new business goes over smoothly with millennial's. our exclusive interview with john rule just minutes away. at the end of the day it is all about money.
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night. the potential for a cyber attack on the united states. we have seen cyber attacks grow. when i was at the cia i think we were getting about 1 million attacks a day at the cia. that tells you the level of cyber attacks that are trying to penetrate our information system. >> that is the latest from the fox business network. giving you the power to prosper. ♪
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go national. go like a pro. melissa: every corner of the globe, money is flying around the world today. starting in saudi arabia. john kerry meeting with the exiled president of yemen. a five day cease-fire in yemen's war. reaching millions of civilians. saudi arabia says it will stop its airstrikes as long as iran backed robles also agreed to stop fighting. benjamin netanyahu was able to form a new government with just a couple of hours to spare. then yahoo! now has the bare minimum to form a coalition. landing in vatican city where pope francis has now become the
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newest member of the globetrotters. he has his own custom jersey. how nice. on the back is his name and the number 90. in honor of their 90th anniversary. living it up. selling more than 30,000 albums worldwide, ja rule is taking it to a new business. an elite credit card for millennial's. the founder and ceo. thank you for joining us. ja rule, so many celebrities become random ambassadors for something. why did you choose this? >> you know, it is a very unique situation. whenever you can marry up with the less fortunate you get the birth child. [laughter] >> it is called hip-hop.
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[laughter] melissa: this is called the credit card. >> this is the credit card. when you marry those two worlds together you get something very special. >> it brands things in a different way. we speak to the less fortunate. we are the voices of the have-nots. those voices came from something very dark in something you know miniscule and they were able to make something positive out of that. melissa: there you go. this is not a traditional credit card. with this one it is a regular credit card. making it into a black card.
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it gives you privileges. >> a most important thing to look at. the only thing on this that we carry around that is not relevant is our debit or credit card. you bring them together and create these great experiences that you do every single day. melissa: your load your credit cards onto this little black heart. >> $250 a year. bring it to -- bring it together. fashion stores. restaurants. jim's. etc. it gives brands a unique way to connect. >> let me ask you something about current events.
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what do you think about what is going on in baltimore? >> i think that it is a sad situation. it is not just all the more. i think that this is going on throughout the country. i think it just needs to, somebody needs to be the peacemaker to bring it all together. making things better on that front. i do not know who will step up and be our leader, so to speak. as long as we keep watching peacefully i think that that is the best way. how sharpton out there trying to fill that void. he must not be doing it successfully.
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>> it is tough for us. we have to also be role models. have you thought about the 2016 presidential race at all? >> i like hillary. it is crazy. you know, i also think that jeb is a good candidate as well. i am a democrat. >> all right. ja rule, thank you for coming on. breaking news right now. the senate passes the ironic bill 98-one. the bill now heads to the house next week.
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you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to
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indiana jones. another movie is on the way. the project is in its early stages. it suggests that harrison ford will certainly be involved. hoping to make money. the old scarface mansion. it was home in the movie. selling for under $18 million. way less than the $35 million they were originally asking for. very nice. still making money. the flight of the century. $10,000. claiming that it was brand-new unopened, undamaged. the listing has since been taken down.
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i hope that no one actually bought it. let's check in with liz claman. >> threatening to go to espn with tom brady. deflating game balls. the talk of the town. even in las vegas. our own charlie gasparino is there with a big-name in the nfl. nfl franchise. turning the portfolio into an ironclad winner by following the same principles as training for the ironman. eight different triathlons. he is also a major wealth manager. he swam the english channel.
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melissa: scary night for those in america's heartland as 51 tornadoes were reported across four states, oklahoma texas nebraska and arkansas. funnel clouds destroying dozens of homes flipping cars over, tearing down power lines. the severe weather is expected through the weekend. meanwhile, california
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searches for ways to drench its thirst. one city is building the largest plant in the western hemisphere to make saltwater drinkable. our own robert gray is in carlsbad california, with more on this one. robert talk to me about this one. >> reporter: hey, melissa that's right. it's still under construction as you can see and hear behind me, a $1 billion plant all funded by private money, mostly floated bonds a couple of years back and they've got private investors for the other 20%. they've already got a buyer as well, the san diego county water authority is locking in rates currently twice what they're getting from other imported water. they're making a bet, though, that that imported water is going to go higher. officials say in about ten years' time they should cross and, of course, it would be less expensive. take a look at a diagram of how this works. right across the street from the pacific ocean, except you can't drink it, right? they bring the water in here, 100 million gallons a day, it's
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filtered twice and they remove the salt from it during this process. 50 million gallons funneled through a 10-mile underground pipeline to the aqueduct where it is blended with the other water supplies that are imported. of course, we can take a look here at some of the filters. there are 16,000 of these guys melissa, in the plant behind me, and i'm told if you take the paper filters out and then put them all together and stretch them out they go all the way to the california border with oregon, to the state line. back to you. melissa: wow. all right, robert, very cool. thank you so much. more on the biggest story of this hour probably, the senate passing the iran bill. 98-1. declaring that it has a say on any final agreement expected by the end of june with iran. the bill prevents president obama from waiving sanctions on iran for 30 days. it heads to the house next week for another vote where it is expected to pass.
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that's a big one to keep your eyes on. that's all for now. the market right now up 114 pointings. i hope you're making money today. countdown with liz claman starts right now. liz: well, will it hold in this final hour, melissa, that's the question. breaking news, the web site known for reviewing just about everything is now under the microscope itself. the "wall street journal" reporting that yelp may be putting itself up for sale. we'll tell you what could fetch and what kind of review investors are giving to the idea. the phrase water, water, everywhere but not a drop to drink about to be turned on its head in california. you just saw the water plant that aims to help drought problems. i'm about to fly to california tomorrow. there is apparently, a catch with the plan. training for an iron man can be grueling and takes hours of preparation and dedication. those same principles need to be used in investing, says a wealth manager who's completed eight iron
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