Transcripts For FBC MONEY With Melissa Francis 20140808 : co

FBC MONEY With Melissa Francis August 8, 2014

Dierdre the markets melissa markets in the mid of a rally, up50 points despite us air strikes in iraq and continuing bloodshed in the gaza strip. Two use fighter jets dropped 500pound bombs on isis strongholds just outside the kurdish capital of erbil. President obama reversing policy authorizing military action saying, quote, america is coming to help. We have James Frischling and barrons Senior Editor jack hough. How do you explain the Market Reaction to all this . If the markets were tanking we would blame it on the bombing. Melissa absolutely. I dont think there is any connection. What peel look at with stocks. There is possibility of fed unwinding stimulus on the market. That could hurt. You think about why the fed is doing that. Because the Economic News is pretty good. I think in the long run this pause in stock returns is good news for stock investors. I think there are some buying opportunities. Melissa james, the world is falling apart though the why doesnt the market seem worried about it . I think were becoming somewhat numb geopolitical risk, russia, ukraine, middle east and going back to iraq. I agree with jacks point. People are looking to the fed. There has been good data. The chinese trade data blue away expectations. Theyre shunning geopolitical risk and embracing good things in the markets. I dont think the markets cared about iraq since 2001 and 2003. We had all sorts of black swan events, libya, and it didnt affect. The issue is aging bull. Doesnt just go out to pasture. Crashes into walls. Melissa theyre saying rally here is fact things are settling down in ukraine. There is a pullback there. Theyre saying geopolitical the reason why it is up, do you buy that, either of you guys . I think economic improvement. I think investors are going about it wrong way. Buying utilities and Consumer Staples and safe haven of the they should buy nor well have a gutwrenching ride. Natural Market Forces will come back in. Melissa up almost 40 following fda decision to lift the hold on the companys ebola drug, potentially making it available to patients. News comes as cdc chief tom frieden, calls the virus spreading to the u. S. Inevitable. Inevitable. That is vary. Youve been talking to so many experts saying it is not inevitable in the United States. What is interesting about the serum. We continue to talk to experts. Nobody really knows what will happen in the United States but what is interesting about this serum, it could be fasttracked what is called the animal rule like bubonic plague or anthrax medications. That is interesting. Melissa flip side of this, this is one of the things weve been hearing whispered, theyre worried about getting antidote falling into the wrong hand because somebody might weaponize ebola. This is something that has been talked about for a long time. So if the serum is out there to cure it, they can change the ebola strain and weaponize it . What should i be panicked about first . Ebola spreading to u. S. Or someone weapon noising ebola. Melissa i think we can panic all of it. The biggest threat of ebola is ignorance handling cases. Basic hygiene. It is not as big of a risk in the u. S. We have Better Communications to tell people how to avoid sort of thing. Better treatment in hospitals. They dont have the stuff in west africa. Melissa what do you think, james . Im not sure i should say desperate times require desperate measures. Concern about ebola bringing it here to the country, will fast track anything this company can do. That is why the stock is rallying. Melissa cbs ceo,less mean vest ending speculation of acquiring cnn. We thought about it but it is not going to happen. Real interesting part he said theyre more interested in creating content for netflix and elsewhere. In other words they dont want to buy content. Create it and sell it off. Thats right, melissa. Becoming a library of content. The word cnn would be valued 10 billion. Les moonves called that, silly. Pieinthesky valuations. When you look at market cap, cbss market cap is 6 billion, higher than netflix. Apple could buy both cbs and netflix. Melissa does cbs look like spurned lover . Girl left behind wasnt asked to prom, sort of sitting there if. Cbs would have if price was cheap and so one forced to make a sale under those conditions. Other i think cbs doing just fine. Melissa i think somebody possibles gobbles whole thing up. With affiliate fees, retransmission fees, cbs is doing well with its even portfolio of assets. Melissa lululemon shares are up following founder chip wilson decision to sell half of his stake in the company for 845 million. People want this guy out. Theyre scared of him. They lost 3 billion of its market cap yeartodate. Melissa up today on he might get out. That is interesting. Who can take over lululemon . It has really devoted Customer Base and has a strong band. There are still positives. Melissa you wear lululemon when you work out . They make your butt look better. Im wearing them now. They mike it look better on television. I would be worried beyond the politics. Im worried about competitive advantages here. Gap is a tough competitor. There are a lot of people melissa no. No, lululemon. It is pretty unique product. Do you use it for lift as well an separation . Should i go further or totally out of place . Someone stop me. I will stop you. I doesnt use it. This is second bite of lululemon apple. They made money first time around. Theyre a good partner. Bring muchneeded stability to a company with competition, quality, but also melissa i applaud you getting through that answer with a straight face. Didnt ask me. Melissa i love lululemon. They have great products. Melissa delta attempting to keep passengers happy by virtually limiting flight cancellations. Nixed 19 out of almost 70,000 flights in june, believing delay. Ers would rather endure you know they said, if that is what customers hate the most, lets not cancel anymore flights. That is what the Vice President said. Theyre on time rate goes way down. That was the option. When you have a flight that is super delayed, you could cancel it or roll out a plane that will take a couple hours. What is the smarter choice . Delta is doing well in lot of different areas. This starts by pruning routes you have only routes with full plane to make you money. Having good as sortment of routes to begin with youre able to do this. This has been a process going on for a a few years. Melissa is cancellation the worst thing you can possibly do . Does that anger everyone possibly more than anything else . What do you think, james. Not enough time to talk, cancellation with notice, no harm, no foul. Jam you up at airports. They make more money not letting flights go less than fuel. Melissa thats right. I think there has been a rash of crazy cancellations. Im happy to see them doing this ive been there night before canceled flight said storm coming next day. The storm didnt come. My flight was canceled any and i was beyond furious. Supposed to get more money than what they tell you with current government rules. Supposed to get good thousand bucks depending on trip. This is finally fly the friendly skies. Deltas stock has been in up right position because it is more customer friendly, not canceling flights. Melissa here is one of the most important stories of the day. This is perfect Tech Solution for romantics or stalkers, not sure which. New happen app, happen, keep as log of every person you pass on the street. So you pass someone, not they were really hot, made eye contact, you didnt stop and accost them or embarass yourself or whatever you normally would be doing, instead look later, given theyre on the app as well, find them. Wow, i passed you on the street. This proves what i always knew, the internet was invented for sex. Thats it. That is what it is all about, right . Good news for flashers, perverts, all sorts im not sure what use it would be. Melissa also they say it is pour people you pass on the street. If you read lower, users can try to send a charm to someone to get their attention. So maybe you didnt pass them. It is free to women. But men have to pay. Big shocker there. Love that part. You should talk to the pretty girl while you have your chance otherwise natural selection. You lose out because cowardly and weak at time. Melissa really . Is that you . You accost women. You have a new baby, think back to the day. What was it like . I cut 50 . Melissa in your lululemon shorts doing that, accosting people on the street. Depends on my mood. Melissa james, youre not going anywhere near this one i notice . I will say the websites, dating websites, are coming off now and applications, geolocation applications are soaring. A little scary to me. Melissa terrifying. Thanks, guys. The phone, the world, is waiting forward, just weeks away from apples big unveil. Newly leaked photos revealed rather unusual features on the new iphone 6. Plus the Great American struggle, folks retiring later and putting off purchases as they wait for things to get better. More money coming up. Melissa geopolitical concerns not slowing the markets gains. Lets go to cm etrader andrew keane there with what is going on. Andrew, what is the main focus right now . This market has been unbelievable. I find this is very, very Challenging Market to trade, seems like for the most part, every time we rallied over the course of the last week we pot sold. Last thursday on the 31st, got ugly. Dollar was down 100 points of the looks like headed to 18 eight at this on s p 500 futures 1880. Possibly shortterm bottom could be in. We havent had big correction over 10 in two years. I dont think this is the thing to do it. Ive been very cautious. Ive been net long over the last couple weeks. Hurt me a little bit, not that badly. Melissa what are you expecting monday . What are you looking for . S p 500 futures open sunday night at 5 00 p. M. I will be glued in to see reaction. If we close in on the highs, looks likes well, well get follow through from airlines and banks with nice reversals today. Melissa andrew, thank you so much. Appreciate your time. Just stumbling along, according to the new survey. One in four of american households, quote, just getting by. Here fox business Senior Correspondent Charlie Gasparino with united advisors scott martin and Jonathan Hoenig from capitalist pig hedge fund. Both are fox news contributors. Scott martin, does that surprise you, 42 say, just sort of getting along . No, it doesnt, melissa, and it is really a sad state of affairs out there. There is a lot of surveys that have been done the last couple years really exemplify this point. The other one i favor, dont like the results of but it is a good indication, 47 of the American Workers, guys, have less than 10,000 saved in their retirement accounts. Melissa yeah. Half of American Workers dont have offering of retirement plan, melissa, in their work place. No wonder everybody feels broke because they kind of really are. Melissa not to mention, Jonathan Hoenig, 36 say they will retire later. They had to, melissa. This recovery has been so weak, compared to the 2000 downturn after the tech implosion, the recovery was much bigger. The stimulus, all the assistance was much smaller. I think we can make the case reason people are so less well off because the economy is much less free over the last couple of years. Melissa yeah. All the controls, all the regulations have made saving, investing, accumulating wealth almost impossible. Charlie . I would say this is a real, i usually like to mix it up and try to disagree with my panelists but i agree 100 . Melissa go ahead. Bring it. I cant because i mean what you guys are saying is right. Look at it at every level. Look at jobs produced. A lot of lowpaying jobs and highpaying jobs. People in the middle getting squeezed. Look at stock market. This is kind of key. Market is up today. If you look at average stock in the s p 500 index, averages, take out, apple, take out google, were in a correction. The wealth effect is not even working for the rich people right now. That is how you know who were in bad times. Melissa 42 said they delayed major purchases. Of the 18 put off major life decisions. So many are retiring later. But, if you have a score to settle with fico youre in luck. The company is making changes to the way its Credit Scores are ulat newes c l t some this may make folks party like it is 2007 again. Is this good or bad, Charlie Gasparino . You know, this company is kind, this is the Credit Rating company. Melissa right. You are late 35 seconds on your credit card bill they ding you. I melissa right. These guys struck me as keystone cops. For them to have as much power they had for many years melissa good point. It always scared me. That said, lets face it. One of the reasons why we had a Great Recession because credit was handed out willynilly to people. Melissa like candy. Go ahead. Charlie, the reason they have so muchowyre gment issued monopolies. I agree with you. I dont know if this is a Credit Rating agency where they have, i know what youre talking about. Stamp of approval. Credit is cheap. Melissa some of the credit is cheap but almost unavailable for people actually to get. This is not a government monopoly. Melissa some of the things theyre doing makes sense. For example, they will give less weight to unpaid medical bills with a collection agency. Hasnt everybody had one where youre fighting back and forth with them, been charged wrong amount and wrecks your credit and they have that over your head . Some of the things, it does get out of control. What do you think, scott . Well, it does, melissa, and i think this revamping is well overdue. We saw, in recent Consumer Credit numbers, tens of billions of dollars of credit is getting extended to the consumer, which is good. That is up off the floor from the 0809 era. There are a lot worse four letter guys to say on tv than debt. I dont mind debt as long as you grow. We just answered that in the last segment. Were not growing. You know here is where i kind of like the fact that there are companies that are throw down the hammer. You know, when i grew up, my father hated debt. I mean it was a necessary evil. But it was necessary but it was evil. Weve turned that around where somehow good to go into debt. Melissa leverage is a good word now. You want to lever lever it up and live beyond your means. That is a problem with this country. Charlie, americans have learned that lesson. They are been tightening their belts. Youre right, more than the government, thats for sure. Melissa we leave it there, guys. Thanks, twice. Zynga may have partnered with one of the biggest golf pros in the game but its earnings are still not quite up to par. Find out who lost major green after its poor quarterly report. Were in the dog days of august right now. You might want to grab a sweater. Polar vortex round three. Weird weather update coming up. Do you ever have too much money . Friday night, buddy. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. These wifi hotspots we get with our Xfinity Internet Service are and apply online. All over the place. Hey you can stop looking. I found one. See . What do you think a wifi hotspot smells like . Im thinking roast beef. Want to get lunch . Get the fastest wifi hotspots and more coverage on the go than any other provider. Xfinity, the future of awesome. Melissa from the u. S. To every corner of the globe, money has been flying around the world, starting in malasia, where the government gives its National Airline complete overhaul by delisting shares and taking it private. Malaysia airlines is being bought out by a Investment Fund which is looking to cut back on less profitable routes as well as install the new management team. I bet. In france lawmakers want supermarkets to hand over all the unsold food to the poor. The proposal will make it compulsory for big chain grocers to collect out of date and edible meats and pasta and vegetables hand them to charities to redistribute it. Experts believe a third of all food good for consumption is lost or wasted. Landing in bangladesh where factory workers protest over lost wages, mobs of angry garment workers clashed with police close forcing of hundreds of factory workers closed operations. It is august but thermostat doesnt feel like it. Wait until next month. Dire predictions from accuweather, another polar vortex could grip the nation as early as september. Known . The great lakes and northeast. Rain an early cold much of the rest of the country, except for the droughtstricken west that could use the rain. Jack and jim are back with me. Felt like summer around here. I love it. It is beautiful. It is cool out. If you called it global recall withing before you really had egg on your face. It is good it is climate change. It is changing. I worry about it. I have a hard time telling if there is increased volatility in the weather or were paying closer attention. Melissa were just obsessed wit i think. Were obsessed. It is beautiful outside. I have to say it is august and i had sweater on this morning. Im not complaining. It is a truly beautiful summer for tristate area. We had extreme weather. People getting nervous. It affects businesses whether Disaster Recovery or continuity. Melissa if it is colder in the fall than it should be, people will buy stuff sooner. They blamed winter for bad sales and bad numbers. If it is colder sooner in the fall, they cant complain, that will send people out to buy jackets, right . I suppose. How the weather affects retailers one thing but i worry how it affects crop cycles. If we have problems with the harvest and planting. Melissa you worry about that in your lululemon shorts. Thanks, guys. Hawaii on weather alert as Tropical Storm<

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