Transcripts For FBC MONEY With Melissa Francis 20141020 : co

FBC MONEY With Melissa Francis October 20, 2014

Politico. Bring in todays panel. Fox businesss charlie gas. Jack hough from barrons and veronica daguerre from the wall street journal first we were going to hell in a hand basket. Now it is just out of control. I think administration right now is getting its act together on ebola. They recognize it as it, we shouldnt be dealing with this hysterically but should be dealing with this in con greet steps. Having a strike force is completely logical way to do it. Having a czar is good way of doing it. Melissa you let that person know youre on television right now . [laughter] dont have your television on but im in the middle after very important segment. Get right back to you. The point i was trying to make before i was rudely interrupted. This is not outnumbered by the way. Melissa youre very hoarse over there. Been beaten up by women all morning. Melissa good way to start the day. No. It was actually very nice. I will talk about later n any event when you have this sort of delayed response to a crisis as we have right now melissa okay. Listen, if we need a Rapid Response team, if we need to do all these extra protocols, if we need a czar, why didnt we need it two weeks ago . I think it is interesting this is political poll. Hell in a hand basket was fox news poll so people could blame the source. It is not accurate. Not fair but they do that. Politico is leftleaning organization. Much more mainstream, not leftleaning. Melissa i think it shows people on both sides of the aisle are nervous. They dont see leadership they want to z theyre worried about our government. They dont trust the government. They dont trust the banks still. Theyre afraid of wall street and they dont know what the direction of the country is going to be. The anxiety meter has run ahead of actual effects. Timing could not be worse for democrats. That is why the market fell off. Why would the markets go nuts . Investing public is reflecting this stuff. If you dont have any idea how to catch it . If you down play it and obviously giving wrong information how to get ebola, if you dont have response to it melissa were being misled or not told the truth and maybe no one was really in charge. A bunch of smart traders put that into the equation. Market could be pricing in the Economic Impact could be much larger. I think it will come back because i think theyre taking right responses. Melissa ibm tanking and dragging down the dow along with it. Shares of tech company hitting a new low after ditching its 2015 earnings target of at least 20 per share. Look at that chart. That is very ugly. If anything, this really proves there is always a shift going on in technology. Have to stay on top of it. Any legitimate tech company has to show will they be a victim of cloud or benefactor of the cloud . Companies spending less money on local networks and paying as they go for networking. Ibm so far is looking like a victim. We should point out ibm has history of adapting to changes in the market. Melissa they do. They did services as a business. Did great transition to that at the right time. Really moved away from hardware. Now there is this change. Last quarter their hardware bus plunged but saw negative growth on services. Melissa i dont know if big data, what theyre doing in big data will keep up what theyre losing from hardware and software. I think this speaks to the tech investors. Tech investors want to see Revenue Growth and that is not something ibm has been putting out. Melissa that is a trade buffett is losing a billion dollars. Speaking of losing heavy money, john paul son big bets falling through. Charlie with exclusive scoop on this one. Im getting this from traders. We should point out paulsons pr people will not deny this weve asked them three times. What is going on around in the market he may have been the biggest loser betting on arbitrage threat on shireabb breakup. It was supposed to be Corporate Tax averse. It didnt happen. They were leveraged from what we understand. We hear the number bouncing around paulsons losses are 1. 5 billion which is a huge loss. Melissa again, on the air. You do want me to report you do want me to report con tame rain justly. The market traded off a couple reasons. We were down 4 off and ended up down only 100 or so, 170. That shift had massive flight into quality, most because of the abbshire deal. The arbs thought it would happen. Bought shire long that was acquired company and they lost. Melissa okay. Get ready to shut your wallet. Apple pay is rolling out for iphone 6 users. Many retailers, including walmart are not available on apples network right now. I think the big battle in this space will be the fact that so Many Companies you dont think of like macys, saks, who make a ton of revenue off the own internal card, having that fee and interest payment, that will be the hold. That will fight these guys. What do you think . Store branded credit cards are seeing that is a big source of revenue. They will not want to give those up quickly. Melissa no way. Theyre not signing on to it yet. See if apple is able to convince them. Wont lure customers away if it ends up being a big thing. The good thing about apple they have to spend next to zero dollars to get the thing off the ground. It is not very hightech. Mostly about cutting deals with credit card and banks and credit card companies. You know, it could produce incremental revenue. Melissa it is about rewards. Do people stop shopping at macyss because they cant use apple pay . The reason they go to must macys and get rewards is the discounts. That is how the Department Stores get them, even though youre there rather pay with the American Express you use the blame ming dales card because you get a rebate down the road. I dont know apple, no matter what they can do, how do they win over customers . Maybe down the sources. A lot of people, it will be a slow rollout. A lot of people dont have iphone 6. They dont have ipad. I dont. Charlie is totally impervious to apples charm. They cant break through charlie. I bought the steve jobs book. I read about that. That is is it. Closest youve gotten to apple product. You are totally impervious. I did some reporting that the board was worried about tim cook was enough of innovator which i think turned out to be accurate. Melissa you were worried that they might bug the apple devices or boobytrap them or that is why youre staying away from apple. I dont need it. It isnt necessary for my daily life. The only people using it are real nerds. There you go. Melissa ready, set, latte. You no longer have to wait for the morning jolt. Starbucks is testing a new feature on its app would have your extra shot no whip, pumpkin latte. Spice. Melissa already for you. I wasnt going through all of that. This is made for me. I actually dont stop by starbucks in the morning because the line is too long. You know i would prefer it but not that there is a guy at this network who loves the apple, the Pumpkin Spice latte. Melissa who . Neil cavuto. E h. People dont know that about neil. Melissa he is Pumpkin Spice latte freak. A freak. Melissa a freak in general or about the Pumpkin Spice. Has a fetish for this stuff. Wait a second. He would be the perfect the e the elation he is going to have. Melissa okay. I think it is great but i want i think it is great. I want to see how they do it logisticwise. How they make sure my Pumpkin Spice latte will be hot and steamy before i get there. I dont want it lukewarm. Starbucks has reached the end of a second big growth spurt. I dont think this will move the needle. Melissa i have faith in it. I dont want to wait in line. If i could app it and pay for it and swing buy and grab it and that is game changing. People devoted to this like the apple products like neil cavuto. Melissa toys r us better tread lightly. The toy mom demand the move remove Action Figures from the hit, breaking bad show. They were selling things like crystal meth containers and drugs. Really . Melissa this is a real product. Look up close. From the show, breaking bad. Like murderer and a drug dealer and you actually manufacture drugs with that toy . Melissa no, your children pretend theyre selling it. That, sr. With the rub is. You have to get rid of this, get rid of half the xbox games. Keep it out of my little pony section and you remember the saturday night live skit . Melissa im glad youre familiar with my little pony. You remember the dan akroyd saturday night live switch selling bag o glass for your kids. Melissa that was a good impression. Kind of like that. Melissa not appropriate. Dont buy it though. Dont be offended. You dont have to buy it. Melissa i have a friend, i think they might want to keep their distance from this. I agree with you. Im in charge of the credit card. Not paying for that. I dont know. Need to be melissa thanks everybody. Feeding the enemy. How u. S. Aid finding its way into the wrong hands. Sweden sending an sos to the world. A russian sub came sneaking up into their waters, did a pretty bad job covering its tracks though. More money coming up. Go ahead and put your bag right here. Have a nice flight traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the most ontime flights are nothing if we cant get your things there too. Its no wonder more People Choose delta than any other airline. Melissa from the u. S. To every corner of the globe money is flying around the world today starting in sweden where a massive military operation is sparking comparisons to the cold war. Ships, helicopters, divers, theyre all combing the baltic sea for signs of a Russian Submarine that authorities suspect entered swedish waters illegally. Officials release ad photo of the mystery vessel this week. All you can see is a dark speck surrounded by foaming water. Perhaps swedens version of loch ness monster. I dont know. Over to the congo, Leonardo Dicaprio is exploring his wild side, teaming up with netflix to release documentary about endangered gorillas. It will be released in celebrity theaters and on streaming site on november 7th. I can not wait. Lanking in u. K. , were talking about the heir to the Prince William and wife kates second baby of course. The in a first for the couple, they release ad month for the oil birth. That is april. No word if its a boy or girl. But the palace has ruled out twins. Okay then. Turning to markets, ibm still weighing but the dow fighting to turn positive here. Lets go to Nicole Petallides on floor of new york stock exchange. Nicole, homebuilders, racing higher today. Very interesting. Earlier the group, market was lower but homebuilders were holding to 3 or 4 gains. The group is still very attractive. Kb homes up 3 . Ryland up 3 . Nbr the best of the bunch up 6. 25 . You see a 3 gain for the group. With the idea of expanding mortgage credit makes it easier to get a mortgage, with smaller down payment, maybe you have a lower credit score. Really expanding idea people get homes. That the is first thing. The other you have Interest Rates which trended lower. With you know that very well. That helped the group. Were seeing the group jumping. Back to you. Melissa nicole, thanks so much. Very latest on ebola. Finally good news as the cdc clears nearly 50 people monitored for an infection risk. No new cases have been reported since the second nurse, amber vinson, was diagnosed with ebola last week. The new ebola czar, ron klain, was invited to testify at a congressional hearing on friday to examine the governments response to the recent outbreak. However a House Oversight aide tells fox news that klain wont be able to attend. And, the military establishing a 30person strike team that would be ready to deploy within 72hours of a reported infection of the deadly virus as ramped efforts could pay off. My next guest warrants that we could face a mutated version of the virus were not prepared for. David sanders is a ebola viru gift, from vanderbilt university. Lets start with the controversial point. You think it could mutate. That has been the big point of worry and debate. Want to focus there is no evidence of airborne transmission at this point. Melissa yeah. That individual americans, as, individuals have nothing really to fear at this point. Those are two important points. Somebody else brought up idea of airborne transmission. There was a backlash saying against that, saying it was not possible for number of reasons. Turns out several of those reasons were wrong. That is where i entered. They impinged on the research ive conducted, along with my collaborators we showed that ebola was capable of entering the lung from the airway side and people said, well, that cant happen. But it can happen. Melissa it can happen . Thats right. So the virus melissa youre saying it can happen but we shouldnt be worried about it . Thats right. Melissa why . But we have no evidence that is how it is currently being transmitted. Melissa but it could. That is important point but, it needs to happen to be highly transmissible. Melissa that thing you bring up is one of the most important fears about ebola. We get information and it is contradicted and turns out the other thing is true. That is what is so terrifying to people about this one minute were told, youre safe, everyone is safe and next thing you know two persons working with the person are infected. That is what is so frighten. I agree with that. We have to have confidence in the credibility speaking to us. That is why i decided to speak out about this because the people media was consulting on these particular issues were not in fact informing them correctly. Melissa you decided to come out and say no, you can get it it can be transmitted by that route. If you kay say it cant go airborne, there are good reasons but you shouldnt focus on things that arent true. Melissa what do you think of the strike team they put together . Does that make sense . Should they have done it sooner . It might have been better to do it sooner. What ive spoken about this in of the past i previous we cant in fact train every single hospital for ebola treatment. Everybody hospital should be able to do diagnosis but not everybody hospital should be prepared for treatment. What we need to do is focus training efforts on a smaller number of hospitals to try to make sure all treatment is done there. It is training that is really difficult. Anybody can use the equipment but to be trained to use it properly, really requires a high degree of skill and that training isnt melissa great point. Makes a lot of sense. Thank you so much. Appreciate your time. Oh, yahoo . The tech company set to report earnings tomorrow. Marisa mayer says she has a turnaround plan and this time it is going to work, for real. Well see. Plus it is a manning milestone as the quarterback breaks another nfl record. Do you ever have too much football . Its monday, a brand new start. With centurylink visionary cloud infrastructure, and Custom Communications solutions, your business is more reliable, secure, and agile. {door unlocking} hey, whats up . door closing hows it going . What are you doing . I cant believe youre watching this without me. We agreed wed catch up on everything tonight. If i did this to you, youd murder me in my sleep. You know what . Just watch it by yourself. sighs i cant not know when i know that you know. The latest episodes of the top 100 shows are preloaded and ready to watch with xfinity on demand. Melissa there is nothing sadder than a tech company thats lost its mojo. Yahoo is still struggling to find its way and now there are reports that ceo marisa mayer will be announcing, a new and refreshed plan for the company as soon as tomorrow for more were joined by brew terkel from turkel brands and simon constable from the wall street journal it is mean of me to be sarcastic but ive been hopeful in the past and i feel like i had my hopes dashed again and again. Bruce, are you hopeful . The problem is that were going to have a message for you tomorrow is no longer soon enough. We used to say, what have you done for me lately but today we say what have you done for me next . She needs an early victory and needed to have happened last week. Im not hopeful. Melissa yeah. Simon, what do you think . Im a huge marisa mayer fan. She is fabulous and fashionable. She is managing a troubled and company and what has been leaked out is really bad. The plan involves a change in Acquisition Strategy and layoff plans. Plans to lay off 500 people. Melissa u oy. You think that laying off 500 people in Silicon Valley would be good because they are pricey, jordan and india. Melissa that is not much of a cost savings. Watch out, a new windows wearable is about to track your every move. Microsoft will reveal its own smart watch within weeks, wow could be like the windows watch. Maybe a start menu on the wrist . What do you think about this one, simon constable, can you hardly wait . Yes i can wait. I can wait until it is back to the 70s. Look, microsoft hasnt had a Consumer Product that worked, with the exception of xbox ever. Thats it. Melissa bruce turkel, all i can say blast hair hearts you know . There is bless their hearts. There is different way to look at it. Microsoft is perfectly positioned to bring out a product cross platformed. Apple locks you in. Google locks you in. Maybe microsoft is key to not lock you into one or the other. That is the key to the product. Rebooting all the time. Because you click, im sorry. Got to reboot. Melissa as long as you dont need to know what time it is because it i fretz e frozen,. Not windows 7. Come on. Melissa something fishy at blackberry. This is my story. Believe it or not, my husband and i went on the hunt for a new blackberry. I know. Were only people out there. His stopped working. The a wouldnt work any longer. You know how many words use an a . Let me tell you, it is a lot. A lot. No one had any in stock. We called people. In manhattan you cant get a blackberry. The ceo says were glad were having inventory issues. It shows people want the phone. No. It doesnt. You have a blackberry. They go what . Oh, no. You want what . Are you kidding . Do you really want that . Were supposed to get a passport. We dont know when. Do you have anything else, something old . Do you have anything with an a, anything with an a blackberry makes . No havent seen a blackberry forever. This is their retailer whatever blackberry is saying about their sales figures right now

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