Transcripts For FBC MONEY With Melissa Francis 20140206 : co

Transcripts For FBC MONEY With Melissa Francis 20140206



portfolio manager mart thousand martoma was found guilty of insider trading just a short while ago, and, it has got everyone buzzing. here to tackle both topics in a head-to-head, fox business senior correspondent, charlie gasparino and hedge fund manager, ed butowsky. nothing below the belt. >> i have to tweet something out. excuse me. melissa: right away? that is good point. we're ripping twitter yet we all on it and using it. >> i love it as a news-gathering tool and news-dim semination tool. i use quite a bit. i move stocks on this thing. i don't think they have figured out how to monetize it. >> right. >> i think before an investor ever gets involved in this thing i think you have to ignore anybody that owns the stock, like the gentleman we have on here -- melissa: just ignore anyone who owns the stock. that is strong statement. >> here's why because they're talking their book. goldman sachs underwrote it and put some huge valuation on company recently. this company has to go out and prove itself first likeslike facebook. if that happens buy it. melissa: why is he wrong? >> there are a couple points to it. stocks move in anticipation where they go. revenues were up 30%. >> the stock's down. >> of course it is. let me finish my point. the stock is priced when, they ipo'd the stock is waswell priced perfectly? >> 29? >> charlie, i mean -- when they price that stock they priced it based on where the market was. it went up in anticipation of what numbers are going to be. they're starting to prove the model out. the users, dropped some of their numbers. it was 250, went down to 241 in monthly active users. charlie, you have to let me finish. >> i will. >> this is something you buy, and you say you know what? somewhere down the road one or two years you look back at fifth at this 50 stocks. >> truth in advertising, where was it priced at? where was it priced at? melissa: 29, right. >> where is it now? >> what point are you making? >> you said it was accurately priced. >> i think it was. >> and it is 50. >> the stock moved up and people bought it in anticipation. >> so it is going down. >> i don't understand your point. >> my point is this. >> what your point? >> it was fairly as you use in your words, it was fairly priced at 29. >> right. >> it is not fairly priced now. they have not proven themselves and today -- melissa: fair at 29, your own point sitting at 50. are you selling? that is humongous profit. >> this is like electrical wire -- >> did you. >> let me finish my point without interrupting me. like a electrical wire going back all over the place. six to nine months from now maybe you buy the stock. >> did you bite stock. >> i don't own the stock. i don't own the stock at all. melissa: would you sell it right here? >> depends on what percentage of my portfolio i have. >> if you're eric bolling got it at 20 nine, you sill it here, you sell it here. melissa: i would sell it here at 50. but i'm not a trader. on charges, what happens from here? >> i don't think anybody really notion. i think the feds want him to flip. highly unusual people flip after being found guilty. but it is not unprecedent the. i talked to doug burns, former prosecutor. he kind of laid this out. melissa: don't you think if he had something he would have already said it to stop it from getting this far? >> that's a great question. to give steve cohen his due, maybe he doesn't have anything. i will say this, there is thing with some of these defendant who is think they're invincible and they're delusional, that they didn't do it and don't want to admit to their families. i talked to a u.s. attorney on this case. he thinks that's where he is. he just didn't cooperate against cohen. he didn't cooperate at all. he went for the gold and he had an impossible case to win. that says something about him. melissa: what do you think? >> well he's guilty of the guy is going to jail? will he flip? is there something there? i don't know. when it is time to be prosecuted getting his punishment maybe there is negotiation at that point but i have no idea. i will tell you that he is guilty. he is going to go to jail most likely and should go to jail. >> most likely? melissa: you've been a big defender of steve cohen. >> i've been a defender of due process okay? i said in this case, $275 million was the profit from this trade. what i don't like is coloring stevie cohen and everybody at sac as cheaters. 275 million, charlie, hold on. $275 million of profit. they made $39,750,000,000 of additional profits. we shouldn't sit back and say -- melissa: charlie? >> i have to finish a point on the show. >> you did finish your point. melissa: timed it out. you've been talking a lot more. >> you evade the question. >> what do you think? >> mathew martoma when he had the 20-minute phone call with steve cohen and reverse ad billion dollar position shared insider information with him. >> i have no idea. >> you have no idea. >> how would i know? i live in dallas. i wasn't on the phone. >> you don't have newspapers in dallas. >> sometimes you have to watch when reporters report. >> that is -- melissa: all with same brush. the implication you don't believe there was insider trading? >> no, he is found guilty. guess what? he is guilty. don't color the whole firm -- >> guy he shared information with. >> don't color the whole firm as firm that does insider trading. >> why not? >> prove it. prove it. >> they're out of business. >> no the firm -- >> of course there is whole another story here. >> has the firm been indicted. >> of course the firm was indicted. >> so they pled guilty. >> so the whole firm is colored. melissa: if they pled guilty seems like they are guilty. >> so much more to this story. >> firm pled guilty to insider trading. they're out of business. what are you talking about? >> 40 million doll 40 billion they made profit. i was investor. trade are 275 million, are we to assume, let me finish talking, charlie, are we to assume $39,075,000,000 profit came from ill bee gotten gain? you want to accept that, then you accept that. melissa: guilty of insire i had trading is guilty of insider trading. >> you're suggesting that the firm is not guilty of insider trading. it is. it is out of business. >> that is not why they're out of the business. >> they're not out of business because of insider trading? >> charlie, there is lot more to the story. >> they are out of business because they pled to insider trading. melissa: the official u.s. olympic collection from ralph lauren is almost sold out, but how is that possible. he his design has people scratching their heads. is it plain ugly or what do you think? we'll have more in "spare change." >> there is no doubt that people are still struggling. we have a ceo on a mission to hire the unemployed. you have to hear why. don't look now but there is a drone over your home. why realtors are turning to tech to beef up high-end sales. more "money" coming up. 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[ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ >> they need our help right now but more important this country needs them in the game. i'm asking ceos to give more long-term unemployed workers a fair shot at new jobs, a new chance to support their families. melissa: out of a job but not out of luck. the president calling on companies to hire the long-term unemployed in his state of the union address. we've got one ceo who has made that her mission. jody miller, cofounder and ceo of business talent group of the thanks for coming on the show. >> happy to be here. melissa: what's the advantage to hiring someone who has been out of work for a while because i know a lot of companies look at someone who has been on the sidelines and they think, why hasn't someone else picked them up? >> well, first of all i look at talent and i want to hire the best possible talent. i think you systematically reject anyone who has been out of work for a period of time, you're missing fantastic people and there are many good people in the labor pool that are not getting a shot. melissa: people looking at resume's they're overwhelmed with people out of work and one of the quickest way to look through and looking at people out of work six months or more and saying if my competitor hasn't picked them up i don't want them. what is better way to sort? how do you tell folks who have been on the sidelines for a while from no good reason for people who have been on the sidelines for a while for a good reason? >> it takes more effort like what they have done the time they have been out of work and what skills they have adaptable to your labor situation. when labor gets tighter which seems unusual thing to say, look at demographic trend and baby boomers retiring, you're going to see and we're already seeing labor shortages in certain pockets. employers will have to reach into pools they haven't reached into before. when they do i think they will be surprised at the quality of talent they can find. melissa: when you say you made it your mission to hire these people what does that mean? what have you done? >> well i mean, i don't think i would say it is my mission. what i have done is, i have in fact hired people who have been unemployed. and they have been terrific. they have been unemployed because they have been taking care of family. they have been unemployed because they like being independent professionals. and what you find is that there are people who are out of the workforce in a traditional way. when they decide to come back in, they're enthusiastic, they're eager, they're rested, they're excited about their job. they're not burned out from a job they didn't like enough to stick with. that is how you can recruit them. so you find they're wonderful qualities for people who have decided to come back into the workforce, and, they're also, the core skills that people have, their intellectual curiosity, their work it thick, their integrity, those don't go away and in a world where technology is changing, very rapidly, core skills often can be the most important thing that a person brings to a job. melissa: i mean a lot of folks if they have been out of work for a while, give them a chance, you get all kinds of loyalty out of them. >> absolutely. melissa: they have tons of energy. you know i get tweets all the time from people who have been on the sidelines for a while. what would you say to them? how do you differentiate yourself as someone who is ready to get back to work and raring to go and is a talented person and versus someone who has been on the sidelines for a while because their skills are outdated? >> couple things you can do. one, explain why you've been out of work. number two, what you've done since you've been out of work. melissa: what is good thing you say you've been doing? new. you done volunteering in a way you expanded your skills and been networking and expanded your contacts. that those are things valuable to a new employer. melissa: a lot has been made of this recession of being a man-session. if you look unemployment rate recently, men at 6.%. women at 6.5%. i know a lot of families in general where the husband lost his job but the wife did not. is it harder on men? how does that change the pool of people that you're looking at? >> i think there is no question we're dealing with an unprecedented number of men out of work. i do think this is something we have to address. at the same time several million jobs in the country are going unfilled. melissa: right. >> you do have a gap between the skills this labor pool has and what's needed in the job market. so i think that is an opportunity for individuals and for government to get better informed about what employers are looking for and make sure that there are ways that we can fast track the training and education that would help this labor pool be more attractive. melissa: yeah. >> in interesting ways, if you're out of work, you have the ability to learn these new skills, that people in jobs may not have. melissa: great point. >> so you could actually leapfrog them much in the same way cell phones allow to you leapfrog landline technology that is an advantage. the other advantage i would throw in there is, you can try, you can get into a job and show what you can do and often times, you know that will be the way in which you get back in the workforce. melissa: jody miller, thank you so much. >> thank you. melissa: a good and hopeful message. i like it. >> thanks. melissa: don't you hate getting emails from groups you never subscribed to? drives me crazy. unions could be the next group infiltrating your in-box. the national labor relations board wants to force your employer just to give out your email address to groups looking to unionize. fox news's shannon bream is live with more. what is going on here? >> supporters of the proposed rules from the national labor relations board, they would streamline and expedite the process on employees voting whether or not they want to unionize. requiring employer to provide telephone number and email to the union. afl-cio president richard trumka applauds the new measures and adds, quote, the current nlrb process is delayed and offers too many ways for employers to manipulate and drag out the process through costly litigation and deny workers the vote. this will help improve the election process. the national labor relations board proposed similar rules back in 2011 but a federal judgg the board was operating without a full quorum of members at the time. the critics say so-called ambush rules are another union payback by the administration they're vowing to fight. gop senator, lamar alexander top republican on the labor committee saying the new rules are quote, how the obama national labor relations board continues to be union advocate than an umpire. this latest effort is a political power play on behalf of unions that makes an end-run around employers and forces workers to make decisions without all of the facts. by the way, the public does have an opportunity to weigh in here before these rules become final. the government will be taking public comments until april 7th. melissa? melissa: wow. shannon, thanks so much. interesting report you. >> got it. melissa: up next, obamacare, an even bigger threat to workers than we thought. a new study shows nearly half of all companies want to cut health care benefits. many more workers could suddenly find themselves demoted to part-time status. we have the duke economics professor behind the bombshell report. an auto industry breakthrough, new technology that enables electronic cars to move further and for longer. don't go anywhere. do you ever have too much money? ♪ ♪ [ male announcer ] you're watching one of the biggest fincial services cpanies in the country at work. hey. thanks for coming over. y. [ male annouer ] how did it come to be? yours? ah. not anyme. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing. you make a great team. 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[ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. melissa: if you thought the bombshell cbo report on obamacare that we told you about yesterday was bad, wait until you hear this. the devastating new study shows that nearly half of u.s. employers are considering cutting jobs as a direct result of obamacare. not exactly what our fragile economy needs right now. here is the coauthor of this study, campbell harvey. he is a professor at duke university fuqua school of business. thanks so much for joining us. >> good to be on the show again. melissa: let me start with some of the, some of the findings. 44% consider reducing health benefits to current employees. are you talking about getting rid of them all together and taking a $2,000 penalty or what? >> so basically what happens, the government increases the cost and makes sense that corporations respond to that by trying to slash some of their costs. so 44% of firms, and this is a sample of over 400 cfos across the u.s. large firms, small firms, medium firms, public firms, private firms. 44% say they will try to reduce the cost and in terms of cutting back the benefits. melissa: how do we know that is as a result of obamacare, hang on? how do we know it is not just them trying to do it? >> we asked them very directly. so the question is phrased, as a result of the aca. so it is very clear that this is a result. and there is 44% in terms of current employees. that is a key word, current. because actually, we also asked about the retirees. 10% of the firms said that they were looking to cut back the benefits for retirees as a result of the aca. melissa: so how do you reconcile that with 48% are considering reducing employment all together? i mean if they're reducing benefits, do they also need to reduce employment? >> so, basically, you have to do many things. so, one thing is to reduce benefits. and then, if you actually look at other questions that we asked, as a result of the aca, 20% of firms said that they were going to decrease the number of employees that they hire in the future. and, 10% of firms said that they were looking to terminate employees. so current employees being terminated as a result of the aca. and then finally, we talk a lot about this, part time, full time thing? melissa: right. >> well we got the data. the data is really clear. 41% of the these firms, 41% of these firms are actively looking to move full-time employees to part-time status. melissa: wow. so what is your takeaway? >> well, my takeaway is, we saw this, you know, cbo report yesterday. melissa: right. >> that 2.3 million jobs are going to disappear because they basically claim that people will choose not to work. melissa: right. >> well our study actually looked at it another way and said instead of choosing not to work, it is employers that are choosing not to hire people. so in my opinion, given the data in our survey, that there's a much greater effect in terms of decreased employees as a result of the aca. melissa: sound like if we interpret the numbers from your study, we're basically half are looking to respond actively to what's going on with health care that it would be more than 2.5 million jobs that would go away. do you think the cbo estimate on the impact of jobs is low? >> i think it is hugely low-balled because they only consider one aspect. and actually it is no the first thing i would look at. so they're looking at people that choose not to work. and what we're looking at, and we're surveying, as i said, 400 cfos, duke university and "cfo" magazine and they're basically telling us that there is going to be substantial bite of this legislation and, it is coming at a horrible time. look, if you're rip van winkle waking up today, opening up "the wall street journal" seeing one in six men that are 25 to 54 are out of work, you're thinking, gee, this is a serious recession we're in. this is really bad timing for us. melissa: professor harvey, thanks for coming on the show. i hope you come back again. >> will do. melissa: let's go to john lonski, moody's chief economist for his take? with is your take on what you heard? he is pretty adamant? >> what he says agrees with a good deal of anecdotal evidence i come across. i find only people benefiting from the jobwise, labor lawyers helping companies understand the affordable care act. i run into so many situations where small business owners tell me, i'm not going to expand my business beyond 50 employees. and that's not good. we need jobs. we want to encourage businesses to grow and expand. melissa: but you know, that makes a lot of intellectual sense that would be a response. those who argue against that say, somebody who has a business they really want to grow, they need a certain amount of labor, you can't artificially hold your number of employees down below this level. it costs money to hold people at 29 hours, so you don't have pay for insurance to pick up another employee just to avoid the insurance doesn't make economii sense. how do you respond to that. >> the simple fact companies are evident withing resources how to best deal with the affordable care act. they're hiring lawyers that i spoke of earlier. melissa: right. >> they're looking at, you know, spending time and resources that could be better spent on expanding production capabilities, hiring new workers. this is costly. this is going to be costly beyond the 2.5 million jobs that the cbo said are being discouraged by this particular legislation of the it is also going to be far costlier than the one trillion dollars expected to add to the federal deficit. melissa: everything you said makes perfect sense. won't they at some point get over that, and realize i will have to pay this amount? cheaper for me to expand my business, make more money and absorb this cost i hate that is ruining my business, get over it, pay it, expand your business and hire people? i'm being the devil's advocate. >> this will take time and time is money. the longer we wait for companies to adjust, we have to go through the period, fewer jobs than otherwise, less income than otherwise. this is not good for the economy. it is not good for society. melissa: yeah. let me ask you about the job's report tomorrow because we're talking jobs. that will be obviously big news tomorrow. what do you expect to hear? >> 170 new jobs but anybody's guess because of the possible temporary loss of jobs due to the polar vortex. melissa: right. how do we bring jobs back? i mean we're sitting at this point where we have some people sitting on the sidelines. the only reason why we're seeing the unemployment number go down, we have a record number, 92 million people have totally given up sitting on the sidelines not looking for a job any longer. how do we turn that around? that will be the biggest question tomorrow when the number coombs out? >> enhance ability of business decisionmakers, cut back on regulation, reduce taxes in some cases so businesses have stronger incentive to expand and hire new work years what do you think of moves like the president's? we were talking about it in the last block before, trying to get the long-term unemploymented back to work? the president wants to push companies, ibm, everyone else, you have to get people off the sidelines and bring them back in. do you think they will do that. >> i want to see the carrot. i don't know where the inincident tiff is for the companies to respond in that particular manner. melissa: that is interesting question. what is appropriate carat? if -- carrot. if we want to fix the problem with folks on the sidelines what -- >> we spoke bit. step back and reconsider the current framework of health care reform. melissa: well they're not going to do that. what is another idea? does it make sense to give tax incentive to a company for hiring someone on the sidelines for a long time? or is that unfair to folks that just got fired? >> i think perhaps it is not a bad idea. we might want to reduce taxation of more than a trillion dollars of cash that is held overseas. bring some of that money back home. melissa: right. >> that could help expand businesses. with production capabilities and like. we want to consider. this is just not a question of jobs. focus on this report, 170,000 jobs, whatever it might be, one of the props we have in this recovery we're not getting the same lift to personal income and to consumer spending that we got in the past when unemployment rate fell by a percentage point. melissa: low-paying. that is so true. john lonski, thank you very much. always appreciate your insight. up next you have to hear about the black goo that could mean a lot more electric cars in your neighborhood. find out how a new technology breakthrough will put a lot more green drivers on the road. and "who made money today?" we're still waiting for this guy to come on and explain the missing reviews on his all-purpose guide website but no worries. he is taking his sweet time about it. he just made tens of millions of dollars, so he is in no rush. "piles of money" coming right up. so ally bank has a raise your rate cd that wothat's coect.n a rate. cause i'm really nervous about getting trapd. why's that? uh, mark? go get help! i have my reass. look, you don't have to feel trapped with our rai your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we'rhere to help you turn your dream into a reali. start your business today with legalzoom. we'rhere to help you turn your dream into a reali. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrivess by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. [ mawhile a body in motionat resnds to stay in motion.t... staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and yoyour doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naoxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high bloodressure or when nsaids are taken for long periods. nsaids, like celebrex, increase the chance of serious skin or allergic reactions, or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. are at increased risk forpirin stomach bleeding and ulcers. don't takeebre if you have bleeding in the stomach or inteste, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or thro, or trouble breathing. tell your doctor your medical history. get help right away if you have swelling of the face or thro, and ask youroctor about celebrex. for a body in motion. a technological breakthrough could be a big driver for the electric car market. "fox news'" douglas kennedy has the details on came bridge crew. very cool. lay it on me, doug. >> very cool! today electric cars go less than 100 miles on a single charge. "fox news" -- and to many, it's simply not far enough. peter has been driving a tow truck in new york state since 1999. more and more you're seeing electric cars that don't quite make it to the next charge. >> right. because they have nowhere to charge. where are they going to go? then you have a framework. >> reporter: for years researchers have been stumped because building a -- better battery usually means a bigger one. >> the electric car inevitably goes slower and using more energy.at's right. it's a problem they have been working on. how to get more electrical energy to a less weight and smaller space. >> a scientist at mit. he says he has the solution. namely a battery-charged liquid he calls came bridge crude. >> this is going to allow you to make a lighter, cheaper battery with more energy. >> that's right. this material is a -- batter electrode. we take conductor particles and put it in electrode to allow us to extract the electricity. >> reporter: another problem with electric cars is how long charging takes. he said once his liquid is charged, it can be stored and easily transferred. in fact, he envisions a future where we no longer pump gas. but instead fill our cars with fully charged cambridge crude. peter remains skeptical. >> we're not ready for electrical cars yet. >> reporter: not ready yet but pretty soon cambridge crude will take us three times as far at half the price. melissa: that's amazing! leave it to m. i. t. to come up with these things. how does it allow vehicles to go further? >> basically it's all about weight, mel melissa. the lighter you get, the further you can go. this is about half the weight of a regular lithium battery. melissa: are there other applications? >> the department of energy is now looking at this and given a grant to basically use this for grid storage, which they say will be much cheaper than any of the storage they have now. melissa: absolutely. doug, thank you very much. >> good to see you. melissa: very cool. from the u.s. to every corner of the globe money has been flying around the world. i love saying that. starting in the u.k. the most expensive valentine's day dinner could be your for $100,000. that's nothing! the british star chef will personally come to your home. the eight courses include native oysters with the pearls, i love that. bamboo with slow-cooked dug and egg. not so much. a $3,000 gold leaf to finish it all off. i think i would rather have in and out. i'm sorry. i know, that's terrible. over to panama work on the important canal is on the brink of failure. much the horror of the world's cargo company. the spanish company leading the expansion deny the work come to a halt. reports suggest that hardly any work is being done there. the contractors have yet to come to an agreement with the local government on who will fund more than a billion dollars in cost overruns. yikes! >> in sochi the jamaican bobsled team lost the luggage. they managed to raise nearly $100,000 only to lose vital equipment in route. they have the sled, that's good. but the blades that go on it, no. they lost their uniforms. i have my fingers crossed for them. lost their luggage on the way to the olympics. here is some buzzing up ahead? it might be your local realtor scouting for homes with the humble drone. you won't believe how the real estate industry is using the drones. don't move, i love this story. at the end of the day, it's all about money. we all know that drones are being tried and tested in some unusual applications. but how about using them to sell your house? i think it's clever. our next guest is doing just that. real estate agents are now jumping on board to have personal drone videos taken of their property listings. genius. randy is a realtor in northern california. what gave you the idea? >> it's a financial we've seen in the last few months. seen video of different property. not necessarily properties but monuments, lakes, lake tahoe, and it was a thought that how can we get this to use basically in our day-to-day selling of homes. melissa: you hired a company to take the pictures? i own a pair of drone. it takes video and operate it with the ipad. why did you hire someone? >> one, i'm in a real estate sales. i don't know how to supply the drone. i found a company that, you know, one, you can do both. i wanted something to look professional, look still, and when the finished product came to me it needed to be something on par with the properties we're marketing. melissa: i can see that. i was thinking i can loan you my 7-year-old to do it. he's fantastic. i'm looking at video now. it looks really good. it makes a lot of sense. getting that variable i know being in television having an aerial and overhead is more impressive than standing in front of a property. how many homes have you done this for? >> this was number two. we have number three and four next week. >> how much does it cost per home? >> it's $500 per home. it includes video editing -- actually the finished product for the time he shows up to he delivers that video it's $500. melissa: my mother-in-law is an amazing real estate broker in florida. i know, from her that this is the kind of thing that you pay for; right. you don't pass it on to the people who are listing with you. it's another service that you offer them to make yourself desirable? >> absolutely. we sit down with sellers and go through the market plan at home. it's essentially another tool in our toolbox we use to get -- find attractive and highest and best offer for the property. we have hits from all over the world that are coming in. they want to view the property from different angles is a home -un how question show the home in different angles and different views. melissa: do you have any positive it worked. have you sold a house to someone who saw the video online. >> it's really new. today we had the home on tour. we saw four people who saw it on the news and at the property that said i had to see the house from the news bit. saw the video, and it had to be there today. melissa: are you the only one in your area doing it it? >> there are some in the south bay that are doing it. in the current marketplace i'm the only one. melissa: i don't want to scare you or burst your bubble. do you know what you're doing is against the law? the faa has a rule as 2007 unmanned aircraft are excluded from business use. it's a problem that amazon gets in to as well. you're kind of using a drone for a business purpose. >> we are, actually. but, you know, i think there's a big difference the drone that amazon is using is being flown by remote location. our drone is being operated at the site, never over another roof line. it is on the property of the homeowner. the safety issue is really nil compared to what the safety issue could be with the drones that, you know, liquor store in minnesota delivering the 12-pack of beer across town. those are being remote controlled from different location. melissa: well, my hat is off to you. it's a creative and innovative way to market your property. i bet there are a lot of people in the audience thinking about how their business could benefit from this type of marketing. very cool. thank you for coming on. good luck to you. >> thank you, thank you for having me. next up. our olympics team is wearing uniforms made in the u.s.a. have you seen them? would you be caught dead in them? the ralph lauren duds are selling like crazy. the first weren't too bad. have you seen the other? i don't know we'll show it next. you can never have too much money or too many ugly sweaters. there it is! melissa: time for a little fun with "spare change." clothing designer ralph lauren is making more than a little "spare change" on the official limericks clothing. it's red, white, and blue. interesting all over. you might say, actually, the twitter verse has exploded comparing the duds to the ugly holiday sweaters. isn't it what it looks like. if so many people don't like them, why are they selling like hot cakes. here to tell me entertainment journalists and marie claire magazine editor. selling out? >> even if you want one you can't get one. melissa: i don't. i'm okay with the fact it's not available. how can it be selling. what am i missing? >> i'm coming from the fashion point of view. i think they're cool. the navy blue sweater, i'm kind of digging it. melissa: the sweater? >> it's cool. melissa: i mean, it's the bad grandpa sweater. >> that's making it hipster, edgy. and it's ralph lauren. when ralph lauren does it. melissa: i don't -- >> okay. i'm not alone in my disdain although i feel like it set here. i said my eyes hurt which is how -- jimmy fallon said thank you, team u.s.a. for showing me what it's like to be an american flag that threw up all over a christmas sweater. i think freedom barfed on the outfit. matt damon said it's like fridays threw up on them. there's a lot of people that thought vomit when they saw them. so did i. we're not fashionable. >> from a business perspective, this is only a good thing. can you imagine if the line got released and nobody said anything if there was a big yaun. the fact it's generating conversation is nothing but upside. melissa: right. >> there is a buzz but the fact they have sold out shows that people want a piece of history. and also 100% of the proceeds go to the u.s. olympics committee. so i think people feel like it is handmade in america. it's a limited edition. i can be a part of history. i can be part of the historical event. melissa: go to the ralph lauren site. >> johnny looks damn good in his. >> he does. melissa: these are men that look great in anything. and the average guy who puts on -- or nothing. and the average guy who -- did i say that? did i say that out loud?? the giant rolling grandpa sweater like mr. rogers. and on top the busy tags all over it is not going to look either manly or hot. >> i don't think it is for everybody. it's something who has to wear with confidence and look good in anything. kind of the preppy -- melissa: yeah. it's generally preppy! it is. how can it be good for a fashion company when everybody is making fun of it. if you have people openly joking how ugly it is. i can't believe -- >> inspire people to buy the sweater. >> it's ironic. today kicks off new york fashion week. we're in the throw of fashion talk. every year there's a designer or crazy outfit that ends up being the butt of the joke. that's pr. that's the name of the game. if fashion you want to stand out and be the one that everybody is talking about. this fits the bill. melissa: do you see people copying it now. is there going to be a trend of vomity sweaters coming from designers? tommy hill hill figure? >> it's the limited edition. it has a purpose. there's people have been saying that, you know, when all the athletes are wearing it from afar it will look like a patchwork american quilt. it has a different effect. it's not like hey, average joe. grab a beer, put on the baseball hat. melissa: these are olympics athletes. by definition they have the most phenomenal bodies of anyone. >> and there's a flagger. >> i think -- it's my prediction. melissa: thank you very much. i notice neither of you have the sweater on. melissa: okay. up next who made money today? millions of businesses have been yelping out about the shady practice of his company. he's cashing in left and right. can you figure out who it is? keep on watching and find out. you can never have too much money. whether it is on wall street or main street. here who is made money today. anyone who owns yelp. shares of the online guide and business review site continues to rise after the revenue came in stronger than expected. unique visitors climbed by nearly 40%. the stock cost nearly 19% today. good for them! ceo jeremy stoppingman has around 5 million shares of the company. he made $71 million. it's so money. very nice. we are still waiting for you to come on our show and talking about the disappearing reviews. remember your folks didn't like the segment. tell us why we're wrong, okay. making money from a legendary moment of rock and roll history. a long-time beatle's collector is auctioning off a ed sullivan show in the first u.s. live concert 50 years ago. it's autographed and expected to fetch between $800,000 and $1 million. i bet it goes for more. "all you need love." and a lot of cash. and making a cool $1.5 million. the winner of the e sure. the newly married 29-year-old was presented with the money. they were tweeting like crazy in the hope of winning the dough. i did. i can't believe i didn't win. i wanted the money! couldn't have come at the bedroom time. the winner and his wife are expecting a baby in less than a month. way to go! that's all we've got for you. i hope you made money today. just a reminder, we are moving, on monday. you can catch us at 2:00 p.m. eastern. i packed the truck. we have everything in there. get your money fix earlier. you can always listen to the show on sirius xm radio channel 113. ly see you -- ly see you here tomorrow and monday at 2:00 p.m. hello. tonight on "the willis report." besides free checking. hello new bank frees. consumers hit where it hurts. also, what is going on with men in this country? a record number of working age men in their prime not working. any fresh? >> tons of six-inch subs to choose from. >> subway subway will stop making the bread used with a chemical used in rubber mats. we're watching out for you tonight on the "the willis report." ♪ lots of great stories tonight. but first, the c

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portfolio manager mart thousand martoma was found guilty of insider trading just a short while ago, and, it has got everyone buzzing. here to tackle both topics in a head-to-head, fox business senior correspondent, charlie gasparino and hedge fund manager, ed butowsky. nothing below the belt. >> i have to tweet something out. excuse me. melissa: right away? that is good point. we're ripping twitter yet we all on it and using it. >> i love it as a news-gathering tool and news-dim semination tool. i use quite a bit. i move stocks on this thing. i don't think they have figured out how to monetize it. >> right. >> i think before an investor ever gets involved in this thing i think you have to ignore anybody that owns the stock, like the gentleman we have on here -- melissa: just ignore anyone who owns the stock. that is strong statement. >> here's why because they're talking their book. goldman sachs underwrote it and put some huge valuation on company recently. this company has to go out and prove itself first likeslike facebook. if that happens buy it. melissa: why is he wrong? >> there are a couple points to it. stocks move in anticipation where they go. revenues were up 30%. >> the stock's down. >> of course it is. let me finish my point. the stock is priced when, they ipo'd the stock is waswell priced perfectly? >> 29? >> charlie, i mean -- when they price that stock they priced it based on where the market was. it went up in anticipation of what numbers are going to be. they're starting to prove the model out. the users, dropped some of their numbers. it was 250, went down to 241 in monthly active users. charlie, you have to let me finish. >> i will. >> this is something you buy, and you say you know what? somewhere down the road one or two years you look back at fifth at this 50 stocks. >> truth in advertising, where was it priced at? where was it priced at? melissa: 29, right. >> where is it now? >> what point are you making? >> you said it was accurately priced. >> i think it was. >> and it is 50. >> the stock moved up and people bought it in anticipation. >> so it is going down. >> i don't understand your point. >> my point is this. >> what your point? >> it was fairly as you use in your words, it was fairly priced at 29. >> right. >> it is not fairly priced now. they have not proven themselves and today -- melissa: fair at 29, your own point sitting at 50. are you selling? that is humongous profit. >> this is like electrical wire -- >> did you. >> let me finish my point without interrupting me. like a electrical wire going back all over the place. six to nine months from now maybe you buy the stock. >> did you bite stock. >> i don't own the stock. i don't own the stock at all. melissa: would you sell it right here? >> depends on what percentage of my portfolio i have. >> if you're eric bolling got it at 20 nine, you sill it here, you sell it here. melissa: i would sell it here at 50. but i'm not a trader. on charges, what happens from here? >> i don't think anybody really notion. i think the feds want him to flip. highly unusual people flip after being found guilty. but it is not unprecedent the. i talked to doug burns, former prosecutor. he kind of laid this out. melissa: don't you think if he had something he would have already said it to stop it from getting this far? >> that's a great question. to give steve cohen his due, maybe he doesn't have anything. i will say this, there is thing with some of these defendant who is think they're invincible and they're delusional, that they didn't do it and don't want to admit to their families. i talked to a u.s. attorney on this case. he thinks that's where he is. he just didn't cooperate against cohen. he didn't cooperate at all. he went for the gold and he had an impossible case to win. that says something about him. melissa: what do you think? >> well he's guilty of the guy is going to jail? will he flip? is there something there? i don't know. when it is time to be prosecuted getting his punishment maybe there is negotiation at that point but i have no idea. i will tell you that he is guilty. he is going to go to jail most likely and should go to jail. >> most likely? melissa: you've been a big defender of steve cohen. >> i've been a defender of due process okay? i said in this case, $275 million was the profit from this trade. what i don't like is coloring stevie cohen and everybody at sac as cheaters. 275 million, charlie, hold on. $275 million of profit. they made $39,750,000,000 of additional profits. we shouldn't sit back and say -- melissa: charlie? >> i have to finish a point on the show. >> you did finish your point. melissa: timed it out. you've been talking a lot more. >> you evade the question. >> what do you think? >> mathew martoma when he had the 20-minute phone call with steve cohen and reverse ad billion dollar position shared insider information with him. >> i have no idea. >> you have no idea. >> how would i know? i live in dallas. i wasn't on the phone. >> you don't have newspapers in dallas. >> sometimes you have to watch when reporters report. >> that is -- melissa: all with same brush. the implication you don't believe there was insider trading? >> no, he is found guilty. guess what? he is guilty. don't color the whole firm -- >> guy he shared information with. >> don't color the whole firm as firm that does insider trading. >> why not? >> prove it. prove it. >> they're out of business. >> no the firm -- >> of course there is whole another story here. >> has the firm been indicted. >> of course the firm was indicted. >> so they pled guilty. >> so the whole firm is colored. melissa: if they pled guilty seems like they are guilty. >> so much more to this story. >> firm pled guilty to insider trading. they're out of business. what are you talking about? >> 40 million doll 40 billion they made profit. i was investor. trade are 275 million, are we to assume, let me finish talking, charlie, are we to assume $39,075,000,000 profit came from ill bee gotten gain? you want to accept that, then you accept that. melissa: guilty of insire i had trading is guilty of insider trading. >> you're suggesting that the firm is not guilty of insider trading. it is. it is out of business. >> that is not why they're out of the business. >> they're not out of business because of insider trading? >> charlie, there is lot more to the story. >> they are out of business because they pled to insider trading. melissa: the official u.s. olympic collection from ralph lauren is almost sold out, but how is that possible. he his design has people scratching their heads. is it plain ugly or what do you think? we'll have more in "spare change." >> there is no doubt that people are still struggling. we have a ceo on a mission to hire the unemployed. you have to hear why. don't look now but there is a drone over your home. why realtors are turning to tech to beef up high-end sales. more "money" coming up. [ male announcer ] e new new york is open. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, a ows more businesses... we're open to it. start a tax-free business at startup-ny.com. [ mthat if you wear a partial,w you're almost twice as likely to lose your supporting teeth? try poligrip for partials. poligrip helps minimize stress which may damage supporting teeth by stabilizing your partial. care for your partial. help protect your natural teeth. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that ount might last. i s trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ >> they need our help right now but more important this country needs them in the game. i'm asking ceos to give more long-term unemployed workers a fair shot at new jobs, a new chance to support their families. melissa: out of a job but not out of luck. the president calling on companies to hire the long-term unemployed in his state of the union address. we've got one ceo who has made that her mission. jody miller, cofounder and ceo of business talent group of the thanks for coming on the show. >> happy to be here. melissa: what's the advantage to hiring someone who has been out of work for a while because i know a lot of companies look at someone who has been on the sidelines and they think, why hasn't someone else picked them up? >> well, first of all i look at talent and i want to hire the best possible talent. i think you systematically reject anyone who has been out of work for a period of time, you're missing fantastic people and there are many good people in the labor pool that are not getting a shot. melissa: people looking at resume's they're overwhelmed with people out of work and one of the quickest way to look through and looking at people out of work six months or more and saying if my competitor hasn't picked them up i don't want them. what is better way to sort? how do you tell folks who have been on the sidelines for a while from no good reason for people who have been on the sidelines for a while for a good reason? >> it takes more effort like what they have done the time they have been out of work and what skills they have adaptable to your labor situation. when labor gets tighter which seems unusual thing to say, look at demographic trend and baby boomers retiring, you're going to see and we're already seeing labor shortages in certain pockets. employers will have to reach into pools they haven't reached into before. when they do i think they will be surprised at the quality of talent they can find. melissa: when you say you made it your mission to hire these people what does that mean? what have you done? >> well i mean, i don't think i would say it is my mission. what i have done is, i have in fact hired people who have been unemployed. and they have been terrific. they have been unemployed because they have been taking care of family. they have been unemployed because they like being independent professionals. and what you find is that there are people who are out of the workforce in a traditional way. when they decide to come back in, they're enthusiastic, they're eager, they're rested, they're excited about their job. they're not burned out from a job they didn't like enough to stick with. that is how you can recruit them. so you find they're wonderful qualities for people who have decided to come back into the workforce, and, they're also, the core skills that people have, their intellectual curiosity, their work it thick, their integrity, those don't go away and in a world where technology is changing, very rapidly, core skills often can be the most important thing that a person brings to a job. melissa: i mean a lot of folks if they have been out of work for a while, give them a chance, you get all kinds of loyalty out of them. >> absolutely. melissa: they have tons of energy. you know i get tweets all the time from people who have been on the sidelines for a while. what would you say to them? how do you differentiate yourself as someone who is ready to get back to work and raring to go and is a talented person and versus someone who has been on the sidelines for a while because their skills are outdated? >> couple things you can do. one, explain why you've been out of work. number two, what you've done since you've been out of work. melissa: what is good thing you say you've been doing? new. you done volunteering in a way you expanded your skills and been networking and expanded your contacts. that those are things valuable to a new employer. melissa: a lot has been made of this recession of being a man-session. if you look unemployment rate recently, men at 6.%. women at 6.5%. i know a lot of families in general where the husband lost his job but the wife did not. is it harder on men? how does that change the pool of people that you're looking at? >> i think there is no question we're dealing with an unprecedented number of men out of work. i do think this is something we have to address. at the same time several million jobs in the country are going unfilled. melissa: right. >> you do have a gap between the skills this labor pool has and what's needed in the job market. so i think that is an opportunity for individuals and for government to get better informed about what employers are looking for and make sure that there are ways that we can fast track the training and education that would help this labor pool be more attractive. melissa: yeah. >> in interesting ways, if you're out of work, you have the ability to learn these new skills, that people in jobs may not have. melissa: great point. >> so you could actually leapfrog them much in the same way cell phones allow to you leapfrog landline technology that is an advantage. the other advantage i would throw in there is, you can try, you can get into a job and show what you can do and often times, you know that will be the way in which you get back in the workforce. melissa: jody miller, thank you so much. >> thank you. melissa: a good and hopeful message. i like it. >> thanks. melissa: don't you hate getting emails from groups you never subscribed to? drives me crazy. unions could be the next group infiltrating your in-box. the national labor relations board wants to force your employer just to give out your email address to groups looking to unionize. fox news's shannon bream is live with more. what is going on here? >> supporters of the proposed rules from the national labor relations board, they would streamline and expedite the process on employees voting whether or not they want to unionize. requiring employer to provide telephone number and email to the union. afl-cio president richard trumka applauds the new measures and adds, quote, the current nlrb process is delayed and offers too many ways for employers to manipulate and drag out the process through costly litigation and deny workers the vote. this will help improve the election process. the national labor relations board proposed similar rules back in 2011 but a federal judgg the board was operating without a full quorum of members at the time. the critics say so-called ambush rules are another union payback by the administration they're vowing to fight. gop senator, lamar alexander top republican on the labor committee saying the new rules are quote, how the obama national labor relations board continues to be union advocate than an umpire. this latest effort is a political power play on behalf of unions that makes an end-run around employers and forces workers to make decisions without all of the facts. by the way, the public does have an opportunity to weigh in here before these rules become final. the government will be taking public comments until april 7th. melissa? melissa: wow. shannon, thanks so much. interesting report you. >> got it. melissa: up next, obamacare, an even bigger threat to workers than we thought. a new study shows nearly half of all companies want to cut health care benefits. many more workers could suddenly find themselves demoted to part-time status. we have the duke economics professor behind the bombshell report. an auto industry breakthrough, new technology that enables electronic cars to move further and for longer. don't go anywhere. do you ever have too much money? ♪ ♪ [ male announcer ] you're watching one of the biggest fincial services cpanies in the country at work. hey. thanks for coming over. y. [ male annouer ] how did it come to be? yours? ah. not anyme. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing. you make a great team. 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[ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. melissa: if you thought the bombshell cbo report on obamacare that we told you about yesterday was bad, wait until you hear this. the devastating new study shows that nearly half of u.s. employers are considering cutting jobs as a direct result of obamacare. not exactly what our fragile economy needs right now. here is the coauthor of this study, campbell harvey. he is a professor at duke university fuqua school of business. thanks so much for joining us. >> good to be on the show again. melissa: let me start with some of the, some of the findings. 44% consider reducing health benefits to current employees. are you talking about getting rid of them all together and taking a $2,000 penalty or what? >> so basically what happens, the government increases the cost and makes sense that corporations respond to that by trying to slash some of their costs. so 44% of firms, and this is a sample of over 400 cfos across the u.s. large firms, small firms, medium firms, public firms, private firms. 44% say they will try to reduce the cost and in terms of cutting back the benefits. melissa: how do we know that is as a result of obamacare, hang on? how do we know it is not just them trying to do it? >> we asked them very directly. so the question is phrased, as a result of the aca. so it is very clear that this is a result. and there is 44% in terms of current employees. that is a key word, current. because actually, we also asked about the retirees. 10% of the firms said that they were looking to cut back the benefits for retirees as a result of the aca. melissa: so how do you reconcile that with 48% are considering reducing employment all together? i mean if they're reducing benefits, do they also need to reduce employment? >> so, basically, you have to do many things. so, one thing is to reduce benefits. and then, if you actually look at other questions that we asked, as a result of the aca, 20% of firms said that they were going to decrease the number of employees that they hire in the future. and, 10% of firms said that they were looking to terminate employees. so current employees being terminated as a result of the aca. and then finally, we talk a lot about this, part time, full time thing? melissa: right. >> well we got the data. the data is really clear. 41% of the these firms, 41% of these firms are actively looking to move full-time employees to part-time status. melissa: wow. so what is your takeaway? >> well, my takeaway is, we saw this, you know, cbo report yesterday. melissa: right. >> that 2.3 million jobs are going to disappear because they basically claim that people will choose not to work. melissa: right. >> well our study actually looked at it another way and said instead of choosing not to work, it is employers that are choosing not to hire people. so in my opinion, given the data in our survey, that there's a much greater effect in terms of decreased employees as a result of the aca. melissa: sound like if we interpret the numbers from your study, we're basically half are looking to respond actively to what's going on with health care that it would be more than 2.5 million jobs that would go away. do you think the cbo estimate on the impact of jobs is low? >> i think it is hugely low-balled because they only consider one aspect. and actually it is no the first thing i would look at. so they're looking at people that choose not to work. and what we're looking at, and we're surveying, as i said, 400 cfos, duke university and "cfo" magazine and they're basically telling us that there is going to be substantial bite of this legislation and, it is coming at a horrible time. look, if you're rip van winkle waking up today, opening up "the wall street journal" seeing one in six men that are 25 to 54 are out of work, you're thinking, gee, this is a serious recession we're in. this is really bad timing for us. melissa: professor harvey, thanks for coming on the show. i hope you come back again. >> will do. melissa: let's go to john lonski, moody's chief economist for his take? with is your take on what you heard? he is pretty adamant? >> what he says agrees with a good deal of anecdotal evidence i come across. i find only people benefiting from the jobwise, labor lawyers helping companies understand the affordable care act. i run into so many situations where small business owners tell me, i'm not going to expand my business beyond 50 employees. and that's not good. we need jobs. we want to encourage businesses to grow and expand. melissa: but you know, that makes a lot of intellectual sense that would be a response. those who argue against that say, somebody who has a business they really want to grow, they need a certain amount of labor, you can't artificially hold your number of employees down below this level. it costs money to hold people at 29 hours, so you don't have pay for insurance to pick up another employee just to avoid the insurance doesn't make economii sense. how do you respond to that. >> the simple fact companies are evident withing resources how to best deal with the affordable care act. they're hiring lawyers that i spoke of earlier. melissa: right. >> they're looking at, you know, spending time and resources that could be better spent on expanding production capabilities, hiring new workers. this is costly. this is going to be costly beyond the 2.5 million jobs that the cbo said are being discouraged by this particular legislation of the it is also going to be far costlier than the one trillion dollars expected to add to the federal deficit. melissa: everything you said makes perfect sense. won't they at some point get over that, and realize i will have to pay this amount? cheaper for me to expand my business, make more money and absorb this cost i hate that is ruining my business, get over it, pay it, expand your business and hire people? i'm being the devil's advocate. >> this will take time and time is money. the longer we wait for companies to adjust, we have to go through the period, fewer jobs than otherwise, less income than otherwise. this is not good for the economy. it is not good for society. melissa: yeah. let me ask you about the job's report tomorrow because we're talking jobs. that will be obviously big news tomorrow. what do you expect to hear? >> 170 new jobs but anybody's guess because of the possible temporary loss of jobs due to the polar vortex. melissa: right. how do we bring jobs back? i mean we're sitting at this point where we have some people sitting on the sidelines. the only reason why we're seeing the unemployment number go down, we have a record number, 92 million people have totally given up sitting on the sidelines not looking for a job any longer. how do we turn that around? that will be the biggest question tomorrow when the number coombs out? >> enhance ability of business decisionmakers, cut back on regulation, reduce taxes in some cases so businesses have stronger incentive to expand and hire new work years what do you think of moves like the president's? we were talking about it in the last block before, trying to get the long-term unemploymented back to work? the president wants to push companies, ibm, everyone else, you have to get people off the sidelines and bring them back in. do you think they will do that. >> i want to see the carrot. i don't know where the inincident tiff is for the companies to respond in that particular manner. melissa: that is interesting question. what is appropriate carat? if -- carrot. if we want to fix the problem with folks on the sidelines what -- >> we spoke bit. step back and reconsider the current framework of health care reform. melissa: well they're not going to do that. what is another idea? does it make sense to give tax incentive to a company for hiring someone on the sidelines for a long time? or is that unfair to folks that just got fired? >> i think perhaps it is not a bad idea. we might want to reduce taxation of more than a trillion dollars of cash that is held overseas. bring some of that money back home. melissa: right. >> that could help expand businesses. with production capabilities and like. we want to consider. this is just not a question of jobs. focus on this report, 170,000 jobs, whatever it might be, one of the props we have in this recovery we're not getting the same lift to personal income and to consumer spending that we got in the past when unemployment rate fell by a percentage point. melissa: low-paying. that is so true. john lonski, thank you very much. always appreciate your insight. up next you have to hear about the black goo that could mean a lot more electric cars in your neighborhood. find out how a new technology breakthrough will put a lot more green drivers on the road. and "who made money today?" we're still waiting for this guy to come on and explain the missing reviews on his all-purpose guide website but no worries. he is taking his sweet time about it. he just made tens of millions of dollars, so he is in no rush. "piles of money" coming right up. so ally bank has a raise your rate cd that wothat's coect.n a rate. cause i'm really nervous about getting trapd. why's that? uh, mark? go get help! i have my reass. look, you don't have to feel trapped with our rai your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we'rhere to help you turn your dream into a reali. start your business today with legalzoom. we'rhere to help you turn your dream into a reali. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrivess by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. [ mawhile a body in motionat resnds to stay in motion.t... staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and yoyour doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naoxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high bloodressure or when nsaids are taken for long periods. nsaids, like celebrex, increase the chance of serious skin or allergic reactions, or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. are at increased risk forpirin stomach bleeding and ulcers. don't takeebre if you have bleeding in the stomach or inteste, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or thro, or trouble breathing. tell your doctor your medical history. get help right away if you have swelling of the face or thro, and ask youroctor about celebrex. for a body in motion. a technological breakthrough could be a big driver for the electric car market. "fox news'" douglas kennedy has the details on came bridge crew. very cool. lay it on me, doug. >> very cool! today electric cars go less than 100 miles on a single charge. "fox news" -- and to many, it's simply not far enough. peter has been driving a tow truck in new york state since 1999. more and more you're seeing electric cars that don't quite make it to the next charge. >> right. because they have nowhere to charge. where are they going to go? then you have a framework. >> reporter: for years researchers have been stumped because building a -- better battery usually means a bigger one. >> the electric car inevitably goes slower and using more energy.at's right. it's a problem they have been working on. how to get more electrical energy to a less weight and smaller space. >> a scientist at mit. he says he has the solution. namely a battery-charged liquid he calls came bridge crude. >> this is going to allow you to make a lighter, cheaper battery with more energy. >> that's right. this material is a -- batter electrode. we take conductor particles and put it in electrode to allow us to extract the electricity. >> reporter: another problem with electric cars is how long charging takes. he said once his liquid is charged, it can be stored and easily transferred. in fact, he envisions a future where we no longer pump gas. but instead fill our cars with fully charged cambridge crude. peter remains skeptical. >> we're not ready for electrical cars yet. >> reporter: not ready yet but pretty soon cambridge crude will take us three times as far at half the price. melissa: that's amazing! leave it to m. i. t. to come up with these things. how does it allow vehicles to go further? >> basically it's all about weight, mel melissa. the lighter you get, the further you can go. this is about half the weight of a regular lithium battery. melissa: are there other applications? >> the department of energy is now looking at this and given a grant to basically use this for grid storage, which they say will be much cheaper than any of the storage they have now. melissa: absolutely. doug, thank you very much. >> good to see you. melissa: very cool. from the u.s. to every corner of the globe money has been flying around the world. i love saying that. starting in the u.k. the most expensive valentine's day dinner could be your for $100,000. that's nothing! the british star chef will personally come to your home. the eight courses include native oysters with the pearls, i love that. bamboo with slow-cooked dug and egg. not so much. a $3,000 gold leaf to finish it all off. i think i would rather have in and out. i'm sorry. i know, that's terrible. over to panama work on the important canal is on the brink of failure. much the horror of the world's cargo company. the spanish company leading the expansion deny the work come to a halt. reports suggest that hardly any work is being done there. the contractors have yet to come to an agreement with the local government on who will fund more than a billion dollars in cost overruns. yikes! >> in sochi the jamaican bobsled team lost the luggage. they managed to raise nearly $100,000 only to lose vital equipment in route. they have the sled, that's good. but the blades that go on it, no. they lost their uniforms. i have my fingers crossed for them. lost their luggage on the way to the olympics. here is some buzzing up ahead? it might be your local realtor scouting for homes with the humble drone. you won't believe how the real estate industry is using the drones. don't move, i love this story. at the end of the day, it's all about money. we all know that drones are being tried and tested in some unusual applications. but how about using them to sell your house? i think it's clever. our next guest is doing just that. real estate agents are now jumping on board to have personal drone videos taken of their property listings. genius. randy is a realtor in northern california. what gave you the idea? >> it's a financial we've seen in the last few months. seen video of different property. not necessarily properties but monuments, lakes, lake tahoe, and it was a thought that how can we get this to use basically in our day-to-day selling of homes. melissa: you hired a company to take the pictures? i own a pair of drone. it takes video and operate it with the ipad. why did you hire someone? >> one, i'm in a real estate sales. i don't know how to supply the drone. i found a company that, you know, one, you can do both. i wanted something to look professional, look still, and when the finished product came to me it needed to be something on par with the properties we're marketing. melissa: i can see that. i was thinking i can loan you my 7-year-old to do it. he's fantastic. i'm looking at video now. it looks really good. it makes a lot of sense. getting that variable i know being in television having an aerial and overhead is more impressive than standing in front of a property. how many homes have you done this for? >> this was number two. we have number three and four next week. >> how much does it cost per home? >> it's $500 per home. it includes video editing -- actually the finished product for the time he shows up to he delivers that video it's $500. melissa: my mother-in-law is an amazing real estate broker in florida. i know, from her that this is the kind of thing that you pay for; right. you don't pass it on to the people who are listing with you. it's another service that you offer them to make yourself desirable? >> absolutely. we sit down with sellers and go through the market plan at home. it's essentially another tool in our toolbox we use to get -- find attractive and highest and best offer for the property. we have hits from all over the world that are coming in. they want to view the property from different angles is a home -un how question show the home in different angles and different views. melissa: do you have any positive it worked. have you sold a house to someone who saw the video online. >> it's really new. today we had the home on tour. we saw four people who saw it on the news and at the property that said i had to see the house from the news bit. saw the video, and it had to be there today. melissa: are you the only one in your area doing it it? >> there are some in the south bay that are doing it. in the current marketplace i'm the only one. melissa: i don't want to scare you or burst your bubble. do you know what you're doing is against the law? the faa has a rule as 2007 unmanned aircraft are excluded from business use. it's a problem that amazon gets in to as well. you're kind of using a drone for a business purpose. >> we are, actually. but, you know, i think there's a big difference the drone that amazon is using is being flown by remote location. our drone is being operated at the site, never over another roof line. it is on the property of the homeowner. the safety issue is really nil compared to what the safety issue could be with the drones that, you know, liquor store in minnesota delivering the 12-pack of beer across town. those are being remote controlled from different location. melissa: well, my hat is off to you. it's a creative and innovative way to market your property. i bet there are a lot of people in the audience thinking about how their business could benefit from this type of marketing. very cool. thank you for coming on. good luck to you. >> thank you, thank you for having me. next up. our olympics team is wearing uniforms made in the u.s.a. have you seen them? would you be caught dead in them? the ralph lauren duds are selling like crazy. the first weren't too bad. have you seen the other? i don't know we'll show it next. you can never have too much money or too many ugly sweaters. there it is! melissa: time for a little fun with "spare change." clothing designer ralph lauren is making more than a little "spare change" on the official limericks clothing. it's red, white, and blue. interesting all over. you might say, actually, the twitter verse has exploded comparing the duds to the ugly holiday sweaters. isn't it what it looks like. if so many people don't like them, why are they selling like hot cakes. here to tell me entertainment journalists and marie claire magazine editor. selling out? >> even if you want one you can't get one. melissa: i don't. i'm okay with the fact it's not available. how can it be selling. what am i missing? >> i'm coming from the fashion point of view. i think they're cool. the navy blue sweater, i'm kind of digging it. melissa: the sweater? >> it's cool. melissa: i mean, it's the bad grandpa sweater. >> that's making it hipster, edgy. and it's ralph lauren. when ralph lauren does it. melissa: i don't -- >> okay. i'm not alone in my disdain although i feel like it set here. i said my eyes hurt which is how -- jimmy fallon said thank you, team u.s.a. for showing me what it's like to be an american flag that threw up all over a christmas sweater. i think freedom barfed on the outfit. matt damon said it's like fridays threw up on them. there's a lot of people that thought vomit when they saw them. so did i. we're not fashionable. >> from a business perspective, this is only a good thing. can you imagine if the line got released and nobody said anything if there was a big yaun. the fact it's generating conversation is nothing but upside. melissa: right. >> there is a buzz but the fact they have sold out shows that people want a piece of history. and also 100% of the proceeds go to the u.s. olympics committee. so i think people feel like it is handmade in america. it's a limited edition. i can be a part of history. i can be part of the historical event. melissa: go to the ralph lauren site. >> johnny looks damn good in his. >> he does. melissa: these are men that look great in anything. and the average guy who puts on -- or nothing. and the average guy who -- did i say that? did i say that out loud?? the giant rolling grandpa sweater like mr. rogers. and on top the busy tags all over it is not going to look either manly or hot. >> i don't think it is for everybody. it's something who has to wear with confidence and look good in anything. kind of the preppy -- melissa: yeah. it's generally preppy! it is. how can it be good for a fashion company when everybody is making fun of it. if you have people openly joking how ugly it is. i can't believe -- >> inspire people to buy the sweater. >> it's ironic. today kicks off new york fashion week. we're in the throw of fashion talk. every year there's a designer or crazy outfit that ends up being the butt of the joke. that's pr. that's the name of the game. if fashion you want to stand out and be the one that everybody is talking about. this fits the bill. melissa: do you see people copying it now. is there going to be a trend of vomity sweaters coming from designers? tommy hill hill figure? >> it's the limited edition. it has a purpose. there's people have been saying that, you know, when all the athletes are wearing it from afar it will look like a patchwork american quilt. it has a different effect. it's not like hey, average joe. grab a beer, put on the baseball hat. melissa: these are olympics athletes. by definition they have the most phenomenal bodies of anyone. >> and there's a flagger. >> i think -- it's my prediction. melissa: thank you very much. i notice neither of you have the sweater on. melissa: okay. up next who made money today? millions of businesses have been yelping out about the shady practice of his company. he's cashing in left and right. can you figure out who it is? keep on watching and find out. you can never have too much money. whether it is on wall street or main street. here who is made money today. anyone who owns yelp. shares of the online guide and business review site continues to rise after the revenue came in stronger than expected. unique visitors climbed by nearly 40%. the stock cost nearly 19% today. good for them! ceo jeremy stoppingman has around 5 million shares of the company. he made $71 million. it's so money. very nice. we are still waiting for you to come on our show and talking about the disappearing reviews. remember your folks didn't like the segment. tell us why we're wrong, okay. making money from a legendary moment of rock and roll history. a long-time beatle's collector is auctioning off a ed sullivan show in the first u.s. live concert 50 years ago. it's autographed and expected to fetch between $800,000 and $1 million. i bet it goes for more. "all you need love." and a lot of cash. and making a cool $1.5 million. the winner of the e sure. the newly married 29-year-old was presented with the money. they were tweeting like crazy in the hope of winning the dough. i did. i can't believe i didn't win. i wanted the money! couldn't have come at the bedroom time. the winner and his wife are expecting a baby in less than a month. way to go! that's all we've got for you. i hope you made money today. just a reminder, we are moving, on monday. you can catch us at 2:00 p.m. eastern. i packed the truck. we have everything in there. get your money fix earlier. you can always listen to the show on sirius xm radio channel 113. ly see you -- ly see you here tomorrow and monday at 2:00 p.m. hello. tonight on "the willis report." besides free checking. hello new bank frees. consumers hit where it hurts. also, what is going on with men in this country? a record number of working age men in their prime not working. any fresh? >> tons of six-inch subs to choose from. >> subway subway will stop making the bread used with a chemical used in rubber mats. we're watching out for you tonight on the "the willis report." ♪ lots of great stories tonight. but first, the c

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