tv After the Bell FOX Business June 5, 2015 4:00pm-5:01pm EDT
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close. it off the lows of session, still down, [closing bell ringing] >> nasdaq just about flat for the week, we shoul mention treae rates are going up. up 4% for week up 14. 6%. there is something happening with ib arrests, wall street is closed, but here is everything you need to know right now. markets ending week lower dow down for a third week in a row to the floor of new york stock exchange, woo biggest movers. and next week, nicole to help us. >> so much to look at right now dow is down 55, closing bell just sounded we saw financials take off, ted weisberg, has been out thing that group saying that interests will help financials along, j.p. morgan, all-time record high today, and others hitting new highs.
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the financials did well, and watching some winners of the week, including fireeye and gopro, fireeye with cyber security, talking about china and federal employees, and the irs, the hack. anthem, home depot, that has been a stellar performer up 9%, with gopro with positive comments from analysts about the camera, on down side intel down 7.95% for -- 7.5% for the week, and caesar casino with concerns, and as far as economic news, ppi next week, and watching for inflation, retail sales, and sentiment numbers to name a few. >> nicole thank you very much. >> jobs in america, employers adding 280,000 jobs in may. unemployment rate ticking up to 5.5% as more people search for work. fox business peter barnes in
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dc with latest. give us a break down. >> one thing we've been watching for is strong erin creases in wages, in may wages took a healthy pop, but over last year, wage growth has been up and down month-to-month, keeping it on the historically low side, but, the white house said at least inflation, has been lower because of lower oil prices. >> over the last year, nominal wages are up 2.3%. because of falling price of gasoline has really lowered the inflation rate is does put consumer in a better position, to spend. >> but. the employment policy instate said don't pop the
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champagne cork just yet. where can you find a job if you are looking for one? education, and he'll services. rose 57,000, and retailers hired 31,000 more workers, but mining and logging sector that including oil product, cut 18,000 jobs in may. that sector has lost 68,000 jobs so far this year >> with a june 30 debt payment that is due at the end of the month. that would total 1.6 euros. athens may call a snap election to break an
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impasse -- >> meanwhile, leaders of the world, seven leading economies leading at a luxury spa to talk about everything from ebola to climate change. sounds nice. g7 leaders include germany, france, britain, japan, canada, italian, and the u.s. russia has been excluded from the g8 since its annexation of crimea. angela merkel defended putin's decision saying russian participation is not conceivable. so there. david: what could possibly be the largest cyber attack on the us government. the government doesn't know exactly what information was taken or why those who took it wanted it. fox business' blake burman has more from inside the beltway. blake. blake: it's believed the cyber attack on the opn, which comprised the identities of 4 million current and former
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government employees originated out of china. however, the white house press secretary wouldn't pin the responsibility on that country or its government. the intrusions started in april, lasted until may. the opn says additional exposures could also still be revealed. despite that, ernst says, a government upgrade won't be implemented until next year. john: we'ryear. josh: we're trying to determine the scope of this intrusion and how precisely how some individual or group of individuals was able to gain access to the system. so it's too early to say exactly what impact the einstein system would have had. >> a chinese spokesperson is pushing back on chinese involvement. saying, quote, it's irresponsible and unscientifically to make conjectural trumped up allegations without deep
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investigation. ernst stopped short of calling china an adversary. he said the president has raised, quote, legitimate concerns with china in the past about its cyber activity. back to you in new york. david: we'll have more on this coming up. melissa: the fight against isis, a majority of americans believe president obama is not prepared to do whatever it takes to defeat islamic extremists. that is according to the latest fox news polls. additionally, 57% support the us using its military strength to destroy the terrorists, quote, once and for all. >> and it has been nine months since president obama pledged that we would ultimately destroy isis. to date, the results have been mixed. general hearstman spoke about the operations. here with the details, fox news jennifer griffin. i didn't realize it had a name, jennifer. >> it does.
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(?) david, the air force general in charge of the us air led campaign pushed back against -- for us pilots targeting isis are so strict that they cannot permission fast enough to kill targets. pilots are returning three out of four times with their bombs intact. they conduct 14 strikes a day. compared to hundreds a day during prior air campaigns. here's lieutenant general john hearstman. >> the comparisons being made to conflicts against field -- don't apply. the folks making them haven't been in a fight like we're in now. they wrapped themselves in a friendly population before we even started. there isn't a well-developed target set for that. >> swaths of what territory isis held at the start of the war shows that isis holds more territory today despite 300 days of airstrikes. the comparison was created by defense one
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in conjunction with the institute for the study of war. as of midnight june 3rd, the us coalition has conducted 4,347 airstrikes. the us has carried out 3,000 airstrikes. the thought that we're observing large numbers of dash terrorists and not killing them anywhere is fiction according to general hearstman. >> the thought that we're observing large numbers of daash terrorists and not killing them is relative fiction. the targets we didn't prosecute wouldn't change the strategic or tactical situation. >> there have been more than 100 proposed strikes where the pilot was a friendly force. >> very tough to target those terrorists over there. jennifer griffin, thank you very much. good report. melissa: all right, coming up. hurricane blanca headed north up the pacific. the latest update on
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what the west coast can expect this weekend. >> jobs are in focus all day. white castle's jamie richardson is going to tell us about hiring and the minimum wage battle and the pressure for a healthier menu. >> at white castle? david: i don't know. who would have thunk. >> american pharaoh looks to take the triple crown. a look at his competitors coming up. ♪
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melissa: the eastern pacific is on high alert for what could be the first major hurricane of the season. hurricane blanca is swirling and with a vengeance towards mexico's beaches. though the storm has weakened to a category two, word is out that it may regain strength before it hits. stef davis, meteorologist with accuweather. what's the story? >> thank you. yeah, we're continuing to track hurricane blanca. here's a big picture look at our infrared
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satellite. spinning 550 miles southeast of cabo. a category two hurricane. that means we have sustained wind gusts at 100 miles an hour. blanca continuing to move to the north and west at 10 miles an hour. and that's what we'll continue to see it do as we head throughout the weekend and into the earlier parts of next week. now, the bulk of the activity will remain away from the mexican coastline for now. but it will set its sights on baja, california. and the popular vacation spot of cabo is a cabo san luca. what we can expect, flooding rain, dangerous sea. strong rip currents. and locally damaging wind gusts. it will weaken as it moves. we expect more tropical -- by the time it hits san lucas. dangerous situation for that popular vacation spot. heading towards the earlier parts of next
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week, blanca continuing to shift towards the southwestern united states. we'll continue to keep our eye for the potential of flash flooding risks, mainly during the day tuesday across the four corners area. melissa: stef, thank you so much for that. we'll keep an eye on that. david: good news for those who missed on southwestern's flash sale. they're extending the deal for another day. after the high demand caused their website to crash. they launched their three-day sale on tuesday. had flights for as low as $49. other airlines like american airline trying to match the sale. the sale ends tonight. get on the phone immediately. big anticipation for the belmont stakes this weekend. american pharaoh looking to win the triple crown and be the first horse to do so since 1978. he said to me when i said is it pharaoh or
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pharaoh? he said, dude, it's pharaoh. why do they have the ah at the end? >> you're the only one i know that pronounces it that way. david: all right. what are the stakes? what are the odds, first of all, that the horse will win? >> well, the odds are five to seven. he's the odds-on favorite. you have to bet 70 to win 50. those odds could get worse for the better. all the focus is on american pharaoh. with good reason, he proved he could win at pimco and virtual downs. he's strong and fast. he could make history here at belmont park tomorrow. we saw him on the track tomorrow. getting a workout on that mile and a half oval. he'll be competing against seven and a half other horses. and they will try to prevent american pharaoh for the 12th thoroughbred to win the triple crown. he looked very relaxed this morning. full of energy and color. his weight is good.
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he looks healthy despite four races in six weeks. the owner is very excited about the possibilities. >> he is a special horse. but to win the triple crown, a task that has not been done in 37 years and only 11 have done -- i want it for the horse. because that will define greatness. i know he's a great horse. once he does this, he goes into a completely category. >> it would be like his son winning an oscar or the world series. i'm sure he has not one either one of those, his son. >> there's serious issues. one involving security. i understand they're stepping up. what are they doing about it this year? >> well, consider this, they're limiting the crowd this year to 90,000. last year it was over 112,000. there were real issues with getting people in and out of here. it was a mess after the race. limiting it to 90,000, it's still the largest
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sporting event in the tri-state area of this or pretty much any other year. it's bigger than any super bowl or jets or giants game. they have to focus on security. they have a couple members of their security team to begin with. they're hiring 300 more part-time security workers to work tomorrow. nypd. state and local police. as well as federal agents. in fact, the new york racing association went out and hired the former head of the new york fbi office to handle security here at belmont park. i spoke to george earlier today. >> well, i'm looking for -- i want people that come here and have the best day of their life. i want them to see history. i want them to have a good time. i want them to not worry about anything. don't worry about security. don't worry about somebody, you know -- you know, wrecking that experience. this is about coming here and having a good time and enjoying it at the race track.
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>> his job is to make this a hard target, he says. and he hopes he's done that. he hopes his worst problem will be all the people drinking there. >> let's hope that's the worse. melissa: absolutely. thank you so much. they always say on this day before the triple crown. there's nobody else that will get there and do it. it hasn't happened since the '70s. it basically never happens. >> i think the fern was the last horse. our producer knows the former owner of the fern. it has been a long time. sometimes you have to look at the long shots. i'd rather put $5 down and win $100 than put $100 and win one on the favorite. >> right. yes. >> so, anyway, i'm looking for the long shot. >> i'd rather win more money than less. yes. david: i guess that is kind of self-evident. moving on. melissa: you're a good sport. a fox business exclusive. the white castle vice
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melissa: the part-time economy, 6.6 million people are working part-time. it's not by choice. these americans are either seeing their hours cut or they're unable to find full-time jobs. here now, jamie richardson, the vice president at white castle. he joins us now. what was your take on today's job number? jamie: you know, melissa, looking at today's job numbers. if this were the summer reading club, the pit and the pendulum. one month good news, one
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month bad news. there's no certainty. as employers, we're waiting for the enterprising individuals to break through and have the economy recover. there's signs of hopes. we've seen this before. we're looking forward to a time of more steady footing that the restaurant and retail space want to provide. >> it's a tough time to be a worker, but a great time to hire people in your business. a dearth of people are looking for jobs. another 400,000 people joined the work workforce. 97% were under 25 years old. that sounds like a lot of part-time workers ready to work at a place like yours. are you able -- what is the market like? how tight is it? jamie: the market is getting tighter. in our neighborhoods, there are more people. you know, we're looking for the right people. and it's about the right people. getting the right people in the right places. our customers demand more service than they ever have.
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the hamburger heroes behind the counter. how do we attract those up-and-comers? those people that will make a difference in the long haul. they don't talk about the crippling effect that the health care law has had on 30 hours a week. that makes a difference. that doesn't show up in that monthly report. it's one we're aware of. melissa: you're trying to keep people under the number of hours? >> our full-time employees are at 40 or above. in that 40 range. we have that base of new hires that if we were to put everybody above that, we wouldn't be able to afford it. melissa: it's too expensive. jamie: exactly. melissa: there's a lot of talk about the minimum wage fight. how is that impacting you? jamie: sorry. you were cutting out. melissa: there is so much talk about hiking the minimum wage. i know you're not in los angeles where they're talking about this directly. but in cities all across the country. the locals are trying to raise the minimum wage.
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the local government. how is that impacting you? jamie: it's a huge barrier. the governor has appointed a three-person committee to determine what the wage should be in one industry for all of fast food. it's devastating to our ability to grow and keep our doors open. 20% of new york fast food operators have said if they move ahead with the minimum wage raise, they'll have to close their doors. that doesn't help people. that doesn't provide more opportunity. melissa: would you shut down doors and hire more people, you're in new york? >> that's the last thing we want to do. we've been in new york since 1930. we would fight with all our might to protect the jobs we have. when this happens by fiat and we don't give the individuals the ability to seek the careers they want, this is bad news. it's scek disconnected from reality. the government is taking it this far for politics
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and not looking out for people, it's unfortunate. melissa: you're going to announce and get rid of all artificial ingredients in your products. subway is the latest one that jumped on the bandwagon. taco bell said they would take the color orange out. i don't know how they'll make any of their food any longer. that's confusing. is this something that white castle feels pressured to do? jamie: you know, for white castle, we always had 100% beef. bakery fresh bun with one pickle. our customers are craving transparency. we've been offering that transparency, sharing our ingredients, we've been doing that since 1966. we all have to ask good questions. listen and then respond for our customers in ways that make sense. melissa: one perfect pickle. how do you dice it up and get to all your customers if there's
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only one. that has to be a problem, jamie. jamie: hot and tasty, that's the way to do it. melissa: i love having you on the show. you're a good sport. i'm teasing everybody. i think it's friday. david: smart guy, i like him a lot. pepsi is going natural. we talked about white castle, now it's pepsi. pepsi is introducing a line of fountain craft sodas called stubborn soda. it will be made with natural flavors. cane sugar instead of high fructose syrup. orange hibiscus and pineapple cream. the sodas could be released as early as this summer. melissa: why have soda? why not just have juice? david: they're using real sugar. we'll taste and see. another cyber attack, and many are pointing their fingers to china.
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putting all federal employee's personal data at risk. tom dan how d donohue spoke with neil cavuto saying china is pushing the boundaries. >> i believe that china has gone over the line. i think that they're going to find a need to slow it down because they want and need a business and economic relationship with us. david: well, joining me now is wall street journal's danny. morgan wright. senior fellow at the center for digital government. and george waller cofounder and executive vice president of strike force technologies. folks, thank you for coming. danny, first to you. it appears -- it's hard to tell much about what's happened. it appears that the chinese are trying to put together a data bank of government employees. why would they be wanting to do that? >> well, without, you know, talking to china
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directly, you know, when i talked to current and former us officials they think they would do with such a database, and if you are spying on another a country, it's very handy to have a list of potential intelligence targets and lots of data about them. where they live. what health insurer they use. what banks they use. these are all pieces of data you can use to trick them to giving up information they shouldn't. such as their user name and password. and so it's not even so much that -- at least when i talk to us officials, that china wants information on every government worker. they want the potential to have information on any government worker should the need arise. david: i remember the cold war. the way the russians worked it. they looked for vulnerabilities in people that worked for a target, whether that target was a government or private business. and they'd find those vulnerabilities to find somebody they could turn to work for them. might that be going on
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with the chinese here? >> yes, that's absolutely the case. they'll find people who could have financial problems. they'll coerce them to potentially giving up access to a government site or other information that furthers their advancements. david: to ask an obvious question, why is our security for computers so weak in the us government? we saw with the irs that they're using software that is outdated. >> look, david, as a former security clearance holder, i taught behavioral analysis at the nsa. we look at this stuff. there is good security in certain places. the biggest reason is there's no accountability. who will get fired over this? who will get demoted? where is the accountability for the people breaking into our systems. naming or shaming north korea. has done nothing to stop the rise of china and their attacks on the
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u.s. david: you know, danny, we recently had -- a couple minutes ago, we had a fox news reporter with senator lindsey graham. we don't have the sound because it just happened. but lindsey graham said, look, we have to go beyond where we've gone with china. we have to tell them that our trade relations are at risk unless they stop this. china, without the us to trade with, their economy would shrivel up. >> well, there's a delicate balancing act there. the challenge that the us negotiators face, and these negotiations have been going on for years. it's one thing if the us is saying, don't spy on us companies. don't try and take their trade secrets. for the us to tell china, spying on government agencies is crossing a line. it's pretty thin ice there. the us acknowledges we do the exact same thing to chinese agencies. david: well, i don't know if we do it in order to collect spies the way the chinese are
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apparently lining themselves up to do. i don't think it's quite that bad on our part, do you? >> no. it's certainly not that bad on our part. we're not trying to infiltrate the entire country of china and learn any -- all this information about their individuals to either commit identity theft or to further advance, you know, some type of hacking. so it's definitely -- that's not the case with us. david: all right, morgan, is there any way to counterattack? not in terms of trying to screw up their system? but just in order to defend our own data banks. >> time to give them a digital bloody nose. we need to be able to hit back -- david: be specific. >> take out -- fix some of the power grid like we affected iran. show these guys they're just as vulnerable as they think we are. give them a reason to pause. the question about them wanting to come to the table and do trade with us is really not going to work. you have to meet force
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sometimes with force. and cyber space is the new battlefield when you look at dod. cyber space is now the fifth domain. david: morgan is for playing hardball. very good discussion. appreciate it. melissa. (?) melissa: a few other stories on our radar. opec announced today that it is staying the course on oil production. pumping about 30 million barrels a day for the next six months. us safety regulators are investigating a brake problem with jeep's grand cherokee. david, can you take over? david: in particular, 20,000 of these vehicles from 2014 model year. this comes after nine complaints from drivers of automatic braking for no apparent reason. all the controversy surrounding fifa, we're learning its staff in switzerland are among surprise, surprise, the highest paid employees in the country. average pay and compensation, $242,000 per person last year.
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that's -- by the way, melissa, without any of the perks. melissa: my hero. did you see him save me there? what a gentleman. thank you so much. this is what's great about having a partner. >> hey, it's friday. we count on each other. melissa: we will tell you the best cities for jobs and to call home for relocating. my parents on fox & friends earlier. i was joined by the next julia child. do you see her there? more on this after the breaks.
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♪ melissa: putting jobs in the spotlight, nearly 400,000 workers entering the labor force in may. let's bring in the panel to break it all down. jack how from behrens. rich from the national review. he's also a fox news contributor. there was a lot of really interesting data inside this report that overall was good. one of the things that was very interesting was the number of people that came into the work force. i thought maybe it was a lot of people who were getting benefits and
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they ended. but it turns out 97% of them were under the age of 2 25. is that 400,000 people graduating from school and looking for jobs? what is that? >> the numbers of young people coming in were positive. and they're encouraging. one of the things that's really hurt this economy is a lack of new household formation. the lack of young people moving out from their parents' home, starting homes. buying homes. starting families. that sort of thing. if they're getting jobs, that's a start. melissa: yeah. of course, we have to clarify, these people entering the work force means they're looking jobs. it doesn't mean they're getting them. it's thought to be encouraging. veronica, the number of people working part-time that needed full-time work ticked up to 6.6 million. that makes you think that the quality of jobs out there is not that good. >> the average workweek stayed flat. people are underemployed looking for more work and hours. you could have these younger people entering
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the work force, getting jobs. if you have an mba and working as a barista, is that a good quality job? the answer is no. melissa: you see according to the latest poll in fox news, 36% of americans believe that the president's economic policy has helped the national economy. but they think that it has -- it either has hurt them personally or made no difference. they have this perception that overall things are getting better, but just not for them personally. >> right. and even those numbers about things getting better, they're evenly divided. even though we've had positive job growth month by month, a really long stretch now, that we're just digging out of a huge hole. you still have 17000000-something 17 million people looking for work in this country. the downsides is entirely positive. but we need more and more to get to a tight labor market. >> those policies have had a gigantic effect
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out of -- driving people out of savings accounts and into assets. everyone has a job. when people look around, they're saying, i'm not making much more at work. everyone seems to be doing well. the stock market is so high right now. melissa: that's a good reason why people feel the way they do. >> a huge feeling of uncertainty. that feeling of fear. i hear from a lot of financial advisers is that fear is dominating the individual middle america investor. they're afraid to make moves. they don't trust this recovery. they don't believe it's here to stay. some are sitting on the sidelines. especially the younger investors. the millennial investors are afraid to take action. they don't trust it yet, still. melissa: let me ask you a political question. is this enough of an improvement in order to benefit the democrats, in the sense that hillary clinton doesn't get blamed on what's going on in the economy?
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>> i think it's too much of a muddle. one of the most notable polls we've seen in the last week or so, how in the republican electorate, what do you care most about in 2008? 70% is the economy. now national security is much higher on people's radar screen. melissa: jesujack, i'm hearing e and more, people feel like a crash is coming in the stock market. crash is too dramatic. they're saying that it makes you feel like there's a pullback ahead. what do you think about that? are you hearing more of that drumbeat? >> i've been in this business for a while. there is no really sure fire way to predict a crash in the market in the short-term. (?) you can look at valuations across the market. melissa: they're high. >> you can be reasonably sure what your average returns will look like in the decade. will it be below average or above average? i think it's pretty certain it will be below average. melissa: thank you to all three.
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critic say it's a dangerous move. take a listen. >> this is early detection when chemicals go through drinking water, when they fall through the soil like a falling curtain of chemicals, it takes a long time for the chemicals to reach the drinking water. david: the panel is back to talk about this. jack, veronica, and rich. rich, this was one of those things that for the mainstream media was settled science. like global warming. it was settled science. they had a movie called gas land, which was all the proof they needed. even though some of the stuff that was in there. they lit the drinking water on fire. they turned on the faucet. they said it's directly as a result of fracking. it turns out it wasn't. >> it goes to the power of the visual lie. all you have to do is light drinking water on fire once, and everyone is terrible of fracking. david: npr ran that story every
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night for a year. >> natural gas is naturally occurring in your water. i don't know if you want to drink it. it's not because of fracking. if it's not that, it's earthquakes. there's a theological opposition to this. president obama is saying we can't find the actual evidence. david: they're not biased in favor of fracking. president obama has spoken out against it. if they think it's safe, it's safe. what does this mean for the fracking industry in the u.s.? >> well, i don't think much right now. because there are also some economics that play here. we've had a downturn in the price of oil. this business has become less profitable. here in new york -- maybe there would be pressure to reverse that and allow these companies to operate in some of the poorer sections of our state. the problem is, you have, for example, hedge fund manager einhorn was arguing, a lot of these fracking companies have been paying way more on capital expenditures and equipment than they should with their
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revenues. they're not producing free cash. david: new york state has sections of it. that are as poor as appalachia. we have sections that haven't had jobs for years. when governor cuomo said he would ban fracking, listen what he had to say in light of what the epa now says. >> from the data, there are questions that are raised that you consider serious questions about public health. and there is no research that would deny those questions. david: well, now we know that absolutely is not true. the epa says it's not true. so is he going to have to reverse himself? >> we'll see. he has a lot of people who don't want him to reverse it. i think there will be a lot of opposition. david: a lot of poor people in new york state want the business. want the cash. they need it. >> we have this epa report. he can't use not having the research as an
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excuse anymore. fracking has turned around a lot of sleepy small towns. put a lot of people to work. now they're getting six figure jobs because of it. you can't deny it. >> those people in new york, they're not going around protesting the governor. they don't have pressure groups on their side. and the research will never satisfy them enough. >> he was talking so slow in that clip. it was like he was making it up. david: i think science is moving faster than governor cuomo talks. melissa. melissa: i don't think i have a camera this way. here we go. all right. whether it is on wall street or main street, here's who is making money today. pharmaceutical company kraut. the fda giving a preliminary go for what is being called viagra for women. coming with a few safety restrictions due to fatigue and low blood pressure. official decision is expected in august. also making money, the
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nba game. game one of the finals. scoring a 14-year ratings high. lebron james scoring a career high during the game, nailing 34 points. but the real winner was steph curry and the warriors who trumped the calves in overtime. honey, she's home. sha nigh kicking off her major tours. sadly, it will be her last. you may know me as the co-host of "after the bell." did you know i'm also an expert on cereal as well? yes. more on this coming up after the break. ♪ is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome;
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me do a little cooking this morning. >> cooking? >> yes, watch. >> well, this is what we do for our annual fish fry, something we do in the south where we fry fresh grouper and make cheese grits and sausage baked beans. >> is that the way cooking goes with martha. you watch your mother-in-law. >> i stand here and cheer her on is my role and i take credit for it to say i made it. >> that makes perfect sense to me. she makes food, i make tv. that's how it works, right? >> you can learn how to cook. >> my wife came from nicaragua. she had people cooking for her all her life. she couldn't boil water when she came, now one of the best cooks in new york city. >> she's a better woman than i am. there you go. the truth is everybody likes what their mother makes. what i got married i asked my mother-in-law for her recipes. i copy them, he thinks it's fabulous, even better flying
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her into make it. >> we are blessed to be in new york where we have the options. that does it for us, deirdre bolton for the next hour of "risk & reward." >> that is a strong show. >> melissa, david, thank you so much. coming up on "risk & reward," one nurse takes the ultimate risk, choosing to go to the source of ebola to help. new york giants superstar victor cruz tells me his thoughts on tom brady's four-game suspension. and can you get a career coach such as warren buffett or sheryl sandberg. we'll show you how.
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