>> you never got lower than a-plus. melissa: i don't know about that. >> up to her level, my homework would be to increase traffic even more. the markets rediscovering a lot of essential advertising plays. we've seen strength in local tv marks. adverting is a hot place to be. if she keeps increasing clicks, increasing visits you will see yahoo!'s stock price continue to increase as well. melissa: gentlemen, you're fabulous. thanks for coming on. always appreciate it. >>> shelling out bribes like there is no tomorrow. a pharmaceutical giant is accused of being a criminal godfather in china, wow! is this st of doing business in one of the world's most lucrative markets? it is one hello of a party for tesla this year. goldman sachs may have just crashed it. wait until you hear how much money elon musk lost today. he can afford it. more "money" coming up. ♪ every day we're working to be an even better company - and to keep our commments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all o

liz: money with melissa francis is next. have a great night. >> i'm melissa francis and here's what's "money" tonight. how do you define wealth? you won't believe what a national survey reveals that it takes for many americans. are we completely out of touch with reality? we have a morn any power panel to weigh in. i'm wearing money green so i'm ready. >>> plus the world's first intelligent home security system. why does it make we want to hide under my bed? it could be hackers and the nsa's new best friend. we'll talk to the company's ceo. >>> who made money today. at long last they may finally be getting their groove back. stay tuned to find out who it is. even when they say it's not it is always about money >> there is an epa gasoline mandate that is bad news because it divert crops from food production to ethanol and it could raise food prices too. that is bad news for drivers because higher ethanol means lower gas mileage. and aaa says too much ethanol could cause engine damage that's not covered under warranty. and that's goo

>> a whole house melissa: is it a house you would want? >> no. it had good bones. dwood floors. melissa: major fixer-upper though? >> nr the wealthy part of town. it might have found the floor there. that is one bit of good new >> i was reading par of your show ahead of time, sneaking a peek. street lights are broken. garbage going uncollected. detroit perpetually on fire the last few days. we have talked to young couples who are flocking to detroit. listen to this. >> this has been just a wonderful place to start a business. we're surrounded by many other companies just like ours that are ready to leave detroit for the future we've all been envisioning a long time. melissa: at love tech folks saying this is a real opportunity. they can get in there and start a busins. >> they can get office space keep and maybe people are hungry for work. it would be wonderful if it were true. yet i look what they have done and they're stil doing. if obama had spoke in detroit today, listening to him and listening to t people say yea, more for head start. yea. it sound good. they d

: i guess. >> i don't think it was a ploy. melissa: okay. ask you, talk about marketing who you are, a lot of people are talking about the new wendy's wendy, the new image. i think we have it. i've got to show it to you. so they changed her collar a little bit. we've got to look close i at her collar. -- closely at her collar. and that black writing underneath her face seems to maybe spell a word that might make moms feel better about taking their kids to wendy's. what do you think about that? first of all, do you see what i'm talking about there? >> i do see it. melissa: see how the black, what is supposed to be her collar -- >> right, and the button makes the o. melissa: now it looks like it spells the word "mom," almost like she's wearing one of those necklaces like carrie bradshaw. do you think this is is subliminal marketing, a coincidence? what do you think, bruce? >> my absolutely positive answer is i don't think so. melissa: really? >> the book came out in -- melissa: do we have the old wendy's just so we can compare and see how diffe

a year. that is stupidity. melissaral crime of loan application but they were talking about juicing their income so they could get a bigger mortgage. a lot of americans did that, no? >> americans did that. melissa: yeah. >> now, in light of what has happened with the banks fiasco, banks are very tightly scrutinized and they check everything out. they check out references. check out tax returns. melissa: do they really? there was something called a liar loan. people got very comfortable with that that is one of the reasons i wanted to do with this segment. forging of w-2s is insane. when they're talking about lying on loan documents to make their income look better so they can get a berg loan, didn't half of america do that and that is how we got in this huge financial crisis, turns out you could go to jail for that? >> absolutely. that is one of the reasons why we got into that. banks double-check and triple check. melissa: do they really do that now. >>> they do. i applied for a loan six months ago. they're very tough

melissa: of lively. football is totally different. a game, buu it is happening all the time. >> of the ad but baseball. melissa: 90% of the time nothing is happening. getting ready to go up. is that when you put the ad out? what good is it? how much "money" are they making? >> if they do it well they could make up part of a million dollars. melissa: what does that mean? >> doing it where it is not -- not only offensive to the viewers that advertisersre not going to want to get involved. melissa: angry at the product. >> light of a star with the uniforms. you could advertise. and that could be bad. that can have something like you can see me from the fund with an optimal company. the umpires to wear for eyeglasses. melissa: why don't they do this? >> if they stay in the background of this stuff on the field, that is not technically on the field. melissa: whatever. >> that is where the players play. that was the -- as long as they keep getng touchdowns. melissa: stoppage. i know what happens. i just care. and i am watching the game want t

melissa: you can get a lot of those for free over the air. >> but who does that? melissa: is that an argument? it is out there and free. speak a lot of things are happening that has never happened before. time warner cable, the subscription service to the customers. ananytime you have that situatin you have a concern of a potential. >> that worked against cbs because if cbs went dark you could go on to time warner cable, get internet access, get e very same shows over the internet. kind of under pinning the cloud to have in this case. melissa: only three hours of cbs left, oh, no. now time for the fuel gauge report. natural gas futures slid into bear market. below normal temperatures for much of the country lowering the outlook for natural gas demand. 5.2% since april 19, that was the 2013 hi. high oil prices making their way into prices at the pump. the average prices climbed more than $0.08 over the past two weeks hitting $3.67 per gallon. opec revenue from oil exports hit an all-time record. and report says the cartel brought in nearly $1.3 trillion in 2012, an

a welfare system. first welfare state. melissall me about the similaritieses because when you go through them point by point there are a lot. bread sir l circus is one. >> bred circus as a roman poet wrote. wars and high taxes and slavery, if you couldn't pay your taxes become a slave. to try to mollify people they had welfare state. they gave them free stuff. they devalued the currency. a bushel of wheat that once cost eight roman dollars, a century later cost 120,000 roman dollars. melissa: they printed money and tried to lubricate the system and make things easier and eventually someone had to pay the bill for that. >> there wasn't money to pay the bill so it collapsed as much as detroit is collapsing. >> gave away bread, that is like our welfare state? >> they gave away grain and olive oil and also subsidized it. we aren't as bad. we don't have slaves. we don't have shows in the coliseum where they kill people. the emperors were just horrible. melissa: we do have reality shows. i mean, i don't know. >> there's a big difference

have a great weeend. >> you too. melissang up on "money," house flipping making a roaring comeback, shunned after the housing market collapsed, up 20% already this year, and the head of one company making a killing on it oining us. plus, one of the history's most iconic items is up for auction. it's unbelievable. what will it take to get your hands on one of the original schindler's lt? the man behind the sale fills us in. can you ever have too much "money"? not for this. ♪ ♪ melissa: whether it's wall street or main street, this is who made money. some days a person loses so much money, you start with them. today, that's bill gates. microsoft stock with the worst day in four years with a huge miss on second quarter earnings, hammered more than 11% as a result. gates is still microsoft's biggest individual shareholder with about 401 # million shares meaning, wait for it, he lost $1 .6 billion today. that's rough. making money today, anyone who owns chipolte, it never tasted so good, seeing strong growth, and consumer traffic

a d. for that warehouse to empty. melissa: there are reports that they're just shuffling this in between warehouses that they're not even delivering it within that time. that all they'reoing is moving it to a different warehouse and not selling it. do you bieve that? >> i thought it was an interesting comment from the journalist in the "new york times" but we don't have evidence of what's happening to the metal. i can tell you we're not taking it because of inefficiency of working capital for the business. melissa: what can be done to address this situation? do you think a rule change would do the trick? there are some folks think it wouldn't. that they're sort of gaming the system by doing this she game and moving it around. even if you change the time frame that wouldn't necessarily fix the syste what they want for banks and other, i guess speculators to be kicked out of this market? >> that is a really ieresting question. the lme, london metal exchange have made proposed rule change which would ultimately equalize to some

a dime. really? that's true. melissais a match making website called creditscoredating.com using scores -- they are self-reported, though. the cynic says you can write whatever the heck you want. >> yeah. melissa: if i want to know what the credit score of somebody i'm dating is, is there a way to do it? it's important. it shows how responsible someone is. >> yeah, and those websites where you self-report your credit score are not different from the websites where you put a picture and choose the one from high school, but now you're 45 and fat. there's a variety of places where you can get a free credit report and score, annualcreditreport.com, credittheft.com is a good choice. free, print it off, and if they are not happy, -- >> every time i dated, i gave a woman at least 850, at the lowest seven. so, you know -- [laughter] melissa: all right. i think we'll end on that note. thanks to both of you. >> really? melissa: that was a lot of money. yes, i don't know where to go from there. [laughter] check the credit scoree >>

i would looe to not be able to use my phone in a way. melissaria's secret models, they have all the answers. did you know that? a model said that she would not be caught dead on one of those city bikes in new york. saying that cycling is best kept indoors in new york city and that someone is bound to get hurt. what is your take on it? >> i think those things are deadly. >> just wear a helmet. you won't look cool but wear a helmet. >> i think that's one of the main things. it is like a mean girl skit. so you think you're really pretty. [laughter] melissa: the problem is they have unleashed a lot of bikes in new york city. many haven't rien a bike in years and they decided they couldn't find a taxi so they might as well swipe their card or whatever and go ahead and try to bite bike down the street. and they just unleash horrible bikers in the middle of the street. >> there has actlly been 700 trips already. she reported accidents. at this point in time to look like we are doing okay. >> even if i'm not cool, i would still wear a helmet even our ow

a great system. professional jurors, no. melissale sitting at home watching rights now have all tried to get out of ju duty. we have done our best to not be a part of it not because they're day jobs. it's hard to find some way with the willingness, you look at what these people went through, it is not comfortable. they are taken away from their families. facing all kinds of jeopardy afterwards in a case like this, seems the stak are really high, a maybe a lot of people who would be good jurors will do anything to get out of it because they don't want to be put in that position. >> i think education is ke when you're paid for jury duty, there is no higher survey than being on jury duty or in the armed forces. if you're working someplace in new jersey and you get picked on a ry, that is a responsibility that you should take seriously. and i think people do. i have a lot more faith in the united states that people try to get outnyway. melissa: people who work in new jersey are good. i am kidding. there you go. thank you so much for com

we'll create a future egyptian economy that will be more successful. melissa: rawls a pleasure. ank you for coming on. >> thanks, melissa, appreciate it. melissa: next on "money," when you give visitors a shot of financial valium, this is what happens. ben bernanke says the days of easy money, they're not over. stocks shot to record highs. don't expect the good times to last. we'll tell you why. >>> believe it or not the u.s. government posted a surplus in june. is that possible? three times bigger than expected? hmmm. time to break out the champagne? i don't think so. find out why. you ever have too much money? the government doesn't. ♪ if you've got it, you know how rd it can be to breathe and man, you know how that feels. pd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathehe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney p

a buy, sell or hold. even when they say it's not, it is always about money. melissa: meredith whitney is one of wall street's most famous oracles. she written a new book, fail the of the states. she predicted the subprime crisis. i recently spoke to her to get her forecast for some of the biggest issues facing our money. we started off with housing because it seems to be exploding again. i meanto a lost areas we're seeg housing prices really climb back and my question for you, since you saw the first one coming and everything that came with it, do you think that we are on the precipice of another housing bubble, yeso? or no? >> no. you have homeownership rate right around 65%. it probably has to go to 64% to normalize. it got close to 70% in 2006. that was the peak. that was really driving home prices. i think what is going on right now, you're bouncing off the bottom and having double-digit bounces off the bottom. phoenix, arizona, for example, market sup 20% but still off 45% from the peak. you're dealing with very big bounces off very low bottoms. there are except

there's a lot of examples of that. melissathe key is you need to have somebody like google come in and say we'll build a huge building, employ several thousands people. you need a forward-looking company to hire a bunch of people. what can the city do tomorrow to make that happen? >> well, you know, but that's my point. downtown, that's already happening. you know, again, 12,000 new jobs in the last three years. melissa: not fast enough because look what's going on in the city. >> well, the hygiene factor, if you will of attracting that outside capital is the city finances. it's difficult for a business that may be located in chicago or l.a. to invest in the city that has the severe financial problems that the city of detroit does, and that's why we have been, as an organization, as a business community, really egging the governor on to put an emergency manager in the office. he's done that, we applaud him for that,s and bankruptcy is the best route forward at this point. if we have to do it, let's do it. melissa: and get the

a deal? >> its absolute buy. melissa: monica and i should pool the money and go over there. >> take a collection around the office. melissa: who buys something like that? exactly who already owns it? >> your friendly russian neighborhoode oligarch can find $380 million in the couch cushions. melissa: can you borrow that or all cash? what percent do you have to put down on 380 million? >> get an appraisal team. melissa: i think fha would back the loan sadly. >> by the way, melissa, if you have to take a loan for this you probably can't afford it. melissa: you probably can't afford it. if i'm asking these questions you definitely can't afford it. here is fun one from our own fox family. take a lookt what happened to fx news's mike tobin reporting live from boston last night. >> section explosion goes off according to the fbi at the location wherea he dropped it -- please don't do that where he dropped his knapsack [laughter] melissa: he is so money. he is so money. please don't do that. he didn't even, he didn't even stop.

is that a fair charaerization? >> no. melissa: you disagree with that >> this is not really preventative medicine. meane is far more powerful green house gas than carbon dioxide although doesn't last nearly as ng in the atmosphere. over a pound of methane traps as much heat as 72 pounds of carbon dioxide. potency declines over time but over a century it is 25 five times more pwerful than carn oxide. you don't want to accidentally or deliberately release a lot of this stuff into the atmosphere right now. melissa: no. >> public health implications of that, global sea level rise, flooding, human catastrophes are a very real possibility. so you don't want to accelerate global climate change whether you believe in itr not. it'seal and, we've changed the chemistry of thecean. we don't want to accelerate that process. melissa: although that cld be a differentiscussion. steven, as asia is barreling closer and closer towards this, is it a disaster fr the enviroent? >> well it is a potential as richard said, if we do hit one of these depos

it will be grounded for a while. melissa: the key for coming. what is the difference between the u.s. and zimbabwe? they have a better tax system. seriously. a report says we are worse than zimbabwe and egypt. we lay out three fast fixes to fix it. plus the beatles on ed sullivan, the moon landing, the greatest movie of all time i watched every minute. sharknado devours the internet. we have a director to join us. i can wait. more money and plenty of sharks coming up. ♪ clients are always learning more to make their money do more. (annto help me plan my next move, i take scottra's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my lening every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." melissa: america of the beautiful home of the brave the 94 best tax system in the world. seriously. in the g

that was not mh of a difference. melissaank you for coming on, good luck to you and best wishes for the future. you are cap it and brave, good for you for seizing the opportunity. next line "money," has a curtain closed on the box office flops? you may be shocked to hear what movies are making money. plus the u.s. oil boom is booming. give any idea how much bigger could actually be? why se states are not even trying to get in. is yours one of them? melissa: matter what time it is, "money" is always on the move. shares of netflix getti hit after hours. estimates the subscriber growth came in below expectations. adding 630,000 subsccibers during the quarter. estimates were for up to 800,000, so that is raising concerns. bscriber growth for netflix may be slowing. we will keep an eye on that one. summer movie season in full swing but you would never know what looking at the numbers. studios have been rolling out the big bucks for films like "turbo," endedp bringing in less money than it cost. ey have time. yet the low-budget ho

that was not much of a difference. melissak you for coming on, good luck to you and best wishes for the future. you are cap it and brave, good for you for seizing the opportunity. next line "money," has a curtain closed on the box office flops? you may be shocked to hear what movies are making money. plus the u.s. oil boom is booming. give any idea how much bigger could actually be? why some states are not even trying to get in. is yours one of them? "piles of money" coming up. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and okerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office. i can talk to someone who knows how i trade. (announcer) scottrade. because i don't trade like everi'm with scottrade. me. awarded five-stars from smartmoney magazine. melissa: matter what time it is, "money" is always on the move. shares of netflix getting hit after hours. estimates the subscribe

right now this is a city that is in dire need of at. melissamichael, you could do it without taxpayer money. you look at the example of met life stadium in east rutherford, new jersey. it is the most expensive stadium built without public money. there are a lot of examples. chicago, wrigley field. a big renovation it. >> and pacific bell in the late 1990's. they tried to take it to the voters a couple of times spending for subsidies. they were told no both times and said we will finance a privately. the bottom line is you're only loing at the asset se of the balance sheet. they're is a liability side, and that will be imposed on taxpayers far and wide across machine. you have to look it is on that balance. and on that balance the empirical evidence from economists around the country shows that the stadium's shows zero been negative economic impact for cities. melissa: how would deceiving get done? can ey float bonds for this given that there are about to go bankrupt? they don't have the taxpayer base to even pay to keep this tree lights on. eve

melissa: a go to the website and go through a look at what i really want on it. >> they will have to plan. melissa: come on. come on. i want to talk to you. >> that hundred million visitors , that compares with -- i just got this number, 102 million americans watched prime-time. of tv channels combined. get 100 million are going to facebook. tv gets 43 percent of our time in 42 percent of our ad budget and spending in the u.s. mobil is 10 percent of our time and only 1 percent of our and spending. facebook is out to change that. i think it is a pretty extraordinary plan. i wonder what users will say about those ads. they squawk when they start putting up little tiny display ads. so terrible. but eventually we forget. people go there. i just wonder what they will say also, am i going to be about to give my permission for you guys to put tv ads in to my knees feet? i have been paying facebook guys all day and no one is answering. melissa: they don't care. >> it has to be true. melissa: one of the biggest problems has been fatigue. people who did for a while and it was novel and then th

they made a securities filing to own bit coin. melissaewers know. >> but the problem is it is not regulated. >> it is not changeable either. that is the problem with the etf. it is more difficult proportionately with the s&p with a bit of cold and they knew by gold and you own physical cold-blooded is not a tangible it is literally just been corrected files on a computer. it is controversial and the don't even know who invented it but they have not found out. possibly in pan but supposedly a finite supply of them. but there is no real reason otherthan pure speculatio they did earlier this year and they went through the roof $13 andhe beginning of the year to peaking at $260. messa: they were buzzing and soaring then they crash. why would they be doing the etf now? >> they're the largest individual owners of bit coin reporting at $11 million i don't know what price cap but had they sold near the top there would have done well. melissa: do they laugh at it? is it a good idea? what is the five? >> i have not heard a lot of positive side but

a 13% bump that more expensive private schoo. melissathat is what people don't reale is how much have gone up as a result of the access to funds it is a tough problem to solve, thank you very much. more bad news r bonds, but before you to note, did you know a reco $80 billion has bee pulled out of bonds since june, twice the amount that rafe exit in 2008 at the height of the financial crisis. does that mean you're about to lose big money? with pronounced money manager, president of the delmont a project. it has been interesting to say the least to watch everybody run r the exit and it has had some impact across the line. we have seen $80 billion run for the door and in some cases talking about citibank in particular, they have not let redemptions go through, they stopped people from getting their money back because they have reached this threshold that lookike panic. do you see that getting worse? >> it is interesting. talk about yelling fire in a crowded theater. this is it the worst kept secrets i've seen in my entire career. they beli

maybe it was a test. melissa: even now they said the tip of volatility of the table right now eliot got it out of the way. do you believe that? >> is a market already pricing in what happened? i don't think because the headlights will be tapering will be coming see you cannot dismiss it. so tomorrow watched the yield that will be important. the market will tell us tomorrow of what he said today. if that goes up that will say they expect the tapering is coming souders. >> it doesn't matter what the fed does of reducing bond purchases. you are the balance sheet experts. melissa: that we watch the ted your margin higher and higher. >> but then by 2016? >> right now the market tells us to expect to begin the taper but tomorrow it will tell us if it is the end of this year or next year. >> but with higher interest rates will also indicate. >> mortgage originations fell 23%. melissa: but i wonder in this economy. >> he says enough is enough we will verbalize interest-rate this is what they should be the economic cycle.

a public town hall meeting. everyone was given the ability to make comments. melissau are not consulting, you're just helping out, you have a reputation for fairness a helping tough situations exactly like tis. you mentioned just a moment ago as you are involved in the distribution of monies in the wake of te boston maratho bombings, that happened in split second. newtown seven months. what is the difference? >> the difference is a disagreement between the foundation that was holding the money and the families as to h much of that money shod be distributed and how much should go to the families and communities. a communitywide project. that is what it's about. bad things happen to people everyday in this ountry. it was privately donated by americansafter the newtown shootings. it's unique in my experience. melissa: the governor, the attorney general tried to bring the two sides together. she said for sometime that what we some time that what we need in this country is a cmpassion fund in which money would be turned over almost immediately to amilies in the wake of tra

jen spends her days searching for her twin sister melissa. aend seen melissa in the city of lynn just north of boston. >> i will head over to lynn pd, see if they have information on her whereabouts. i'm trying to find out some information about my sister. her name is melissa penton. p as in peter, enton. >> yeah. i can give you a view of the log. >> that would be helpful, thank you. >> okay. hold on a second. >> thank you. >> she's in on the 24th, the middle of the week. >> so it says she was bailed out. does that mean she was arrested and bailed from the station or did she go right to court? >> she should have been bailed right here from the station, yes. >> okay. just trying to figure out right now if she has any warrants or if she's on probation, kind of get track of her. is this her new address? >> that would be address she gave at the time of the booking. >> okay. thank you so much. >> okay. >> i'm very worried for my sister. >>> using information from the lynn police department, jen penton made contact with her twin sister and today they

all read as the code about him being black, and therefore, a criminal, is not generally enough even though that's the code. >> right. melissa, i mean, when i think about the politics of this also, i mean, we have seen the president issued a statement that was fairly, fairly neutral, it was kind of thoughtful about the loss of the life, but it certainly didn't say take sides or say this verdict was unjust. it called for peace and reflection. you can only -- i mean, seeing what was on drudge in the run-up to this, seeing the way the right wing has stirred themselves up on this, the fact hannity got the first interview with george zimmerman. you can only imagine, melissa, what would happen if president obama and eric holder's justice department were to indict george zimmerman on federal civil rights charges, right? >> i mean, yes, but i can also only imagine sort of what would happen if they don't. in terms of their base of support. >> amen. >> so i just want to be really careful. i think the challenge here is when the department of justice brings these kinds of charges, they typically do it, with, as maya was saying, sort of

a powerful first impression. the all-new nissan sentra. ♪ . >> more with our panel coming up, including our very own melissa harriserry who's written a personal account about a conversation with her daughter about the race and zimmerman trial. it's posted at msnbc.com. we're asking viewers to send their stories online. send them to mhpmail@msnbc.com. or use #caringforourchildren. we'll be right back. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? jeffri mr. zimmerman won't see a courthouse again, that is not true. zimmerman will have to testify in a civil suit. you cannot avoid that. and his testimony could lead to some very interesting new evidence. the federal government, the justice department, suspended an investigation. they did not end it. >> that was my colleague, the reverend al sharpton, commenting on the contention