tv MONEY With Melissa Francis FOX Business July 2, 2013 5:00pm-6:01pm EDT
melissa: i'm melissa francis and here's what's "money" tonight. running out of time and running out of options, egypt's president has 24 hours left to control the chaos or the army will reportedly push him out. four people are reported dead and u.s. embassy in cairo is preparing to shut its doors. are we witnessing widespread revolution? plus you may as well save time and hand your checking account info over to a thief. a little-known practice by banks could leave you dangerously exposed to fraud. we'll tell you why and how to protect yourself. and, "who made money today"? here's a hint. they're doing figure eights after scoring the best month in year. can't figure it out? keep watching. even when they say it's not, it is always about money.
melissa: so our top story tonight, made in america. just in time for the 4th of july, a new film tackles what may be one of the biggest but least talked about problems that we're facing today. it is the unmistakable decline of american manufacturing in the face of global competition. the departure of all the jobs that go with that. vincent is one of the direetors of the cleverly titled, "american made movie." welcome to the show. i watched the trailer. looks like a fantastic movie. one of the things your narrator says right out of the gate is that making things is important. i wonder, is making things important? what about creating technology? what about intellectual property? i mean that's a lot of the shift we've seen here. why do we need to make things as a country?
>> thanks so much for having me on amanda. i think it is important to realize, we as consumers have such an integral role in the relationship to manufacturing, and making things is important and i think the first step of that consumers need to demand it. when we go to shop today we look for the lowest priced item and not necessarily maybe what is sporting not only the local economy but also the national economy -- melissa: why do viewers have a responsibility out there to buy a more expensive product because it is made in america? because the person who is watching at home who shops at wal-mart is focused on that money maybe buying food for their kids or a bert education. why should they buy a more expensive pair of sneakers to support american jobs? i mean that may be a good goal but they have even higher priorities? >> no, definitely. i think, you know, it's really important to realize, i guess, if, take the shoed model you just brought up there. new balance is one of the
stories in our film which they're the last athletic shoe manufacturer in america. i think that, you know, understanding that my money is going to supply shoes, sneakers, made in maine and, up state massachusetts. that relationship that i feel like i have an impact on that economy. and so, it might cost a little more for certain products but i feel what i'm doing with my dollars is something that sim packing. even the local economy. if there are people at home that shop at wal-mart but buying produce they know is from their own backyard, it is something that i think we're having a greater impact on it. we can't rely on leaders to, you know, change things if we don't show that we demand it by our purchasing power. melissa: but why should we demand it? that is not an efficient use of resources. if something is more expensive because it is made here generally because the labor is more expensive and our economy is more advanced and people are earning higher wages. that's a good thing but the
business goes away to a place where there is cheaper wages and it is creative destruction. we repurposed our resources to do something else like create an intellectual property, create technology. that's the way the economy works and it doesn't mean those people are out of work. it means they're doing something more productive? >> no, no, that's true, melissa. it is important to realize that you know, our country was founded of these great principles of entrepreneurship. melissa: yeah. >> the elements we make everything here. from henry ford even today, with facebook. you have to realize that in order to allow that to grow, i think it starts on every level. it is showing that we as a country will support our local economies and support our national economy to be able to stand behind it. melissa: okay. >> but it is important. melissa: it is such a big issue, i want to bring in steve moore from the "wall street journal" as well who has been listening in to this conversation. steve, give me your thoughts. >> hi, melissa. i'm actually pretty bullish on american manufacturing.
i don't see a big decline. it is true manufacturing employment declined a lot, melissa. if you go to the average factory in america today, they are so hyper efficient and computerized but, you know, i've been, as long as i've been an economist for 30 years i've heard about the decline of manufacturing. i don't think it is as nearly as severe, by the way i agree with vincent. i like to buy american and i think it is important we have a manufacturing base. i will say one more thing on this, melissa. one of the reasons i'm very high on american manufacturing. guess what country in the world has the lowest cost power? the united states of america. the energy revolution is having really big positive effects for american manufacturing. you have a lot of german and european companies that are now looking at relocatings factories in the united states. it's a great thing. melissa: no. i mean that is really true. vincent i ask you to respond to that point. because i talked to manufacture you ares about that point because they're moving production back from china, if you have it closer to where you're selling it, combine that
with the idea that energy is so much cheaper because of the shale revolution. we're seeing so much natural gas online to make energy cheaper it makes cost sense and they can bring the price down but that is letting price dictate it, vincent. that is really kind of what our economy is all about. it is not about making a movie that pulls some people's heartstrings that they buy more expensive products because they feel guilty but getting production line more productive you about getting a better, cheaper good here, no? >> that is part of it. it is understanding the label. you brought up a good point, let's say a german manufacturer, bmw. they're producing cars in spartanburg, south carolina. immediately you see a german manufacturer, what does that mean to me as an american? but it is employing people in south carolina. the same way mercedes-benz and honda in alabama. if you understand the label and i think the relationship these companies or these manufacturers have specifically to our country, it can have a greater
impact. melissa: yeah. steve, at the end of the day it always has to be a better product that is cost competitive. can you get, let me ask the question a different way. can you get people to buy goods because they feel compelled because they're made in america and they feel like he must do that or does it have to be about price and quality? >> melissa, if you cut me, i bleed, red, white and blue especially this time of year. so i do want manufacturing jobs in the america. i haven't seen the film. vincent, i'm looking forward to seeing it. there are so many obvious things we have to do here in washington to make america more competitive. you know, the tax system is completely anti-manufacturing. >> right. >> the regulatory structure. the completely crazy energy policies the president announced last week would do so much harm to our manufacturing. if we got our policies right, look, i think american workers can outcompete anybody in the world. mellssa: yeah. vincent, we've got to go, i know you agree on the tax point. you have another great movie on that front as well.
good luck to you. congratulations on this. thank you for coming on the show. happy 4th of july to both of you. >> thanks, melissa. you too. >> thank you so much. melissa: next on "money," deadly protests in egypt. president morsi could be pushed aside -- look at that -- bit army in less than 24 hours, unless he gets these enormous protests on your screen under control before then. look at that video. we're going live to cairo. more "money" coming up. wow!
melissa: turning now to egypt. incredible images of protests that have now turned deadly. hundred of thousands of people are in the streets right now. the u.s. embassy in cairo will be closed tomorrow. there is talk of the egyptian military taking over if president morsi can't contain the situation within the next 24 hours. let's bring in mike barrett, ceo of security consulting firm, diligent innovations. it seems like we're reaching a breaking point here, mike. the president has less than 24 hours before the military vowed to come in as we just said. from the look of those pictures, it doesn't seem like he is going to be able to settle everything down in that period of time.
what happens? >> i think you're right, melissa. certainly the big issue is always the military. the military has always been the historical center of balancing power within egypt and i think frankly at love us were surprised that they were so quick to ease mubarak out of power and actually did stand by when they had democratic elections that brought into power morsi. what i've seen the people are in power again. wait a minute. we didn't want one vote one time. we wanted real freedom and equality for everybody but not just one vote where we choose the muslim brotherhood and we're stuck with sharia law. melissa: what would you say about the tone of these protests ? we're looking at pictures right now. what is notable to anyone watching there are fireworks. there's a light show. at the same time, it looks like there are nearly a million people, something like that by estimates. but it has turned deadly in spots as well. what would you say about the tenor of this gathering? >> well, i think what you're seeing is that the hopes and
aspirations of these, the young people that were there in egypt on the streets were so dashed and they were so down and low for basically the last year-and-a-half. now they're saying wait a minute, we have a chance. if we do this, we can do it right. frankly the fact that the military is on their side, there is really good chance. they get to do a do-over. and they get to rehit the redo button and try democracy. melissa: what are the odds they will get it right this time? seems like the more they do thi3 the more nervous you get? will the military just say we'll take control and what are the odds that something even more wrong will go wrong? >> i used to live in turkey. turkey was a country with a nascent democracy after the second world war. what was interesting the military actually had three coups over the period of 60 years. they did it in order to protect rights of minorities. we talk about america as democratic nation which is true. but the other two-pieces of that, your viewers will appreciate that we protect minority rights and we also have
a free market system. you have to have all three of those pieces together. that way people feel they have a stake in the existing society they can climb up the ranks. they can create wealth. they have opportunities. i think one of the things that was naive coming out of the arab spring, oh as long as we get process right. if we have open elections and process is fair then the outcome will be great. what we're seeing here is actually as i said a do-over. you're getting the opportunity to add in two other key elements. protection of minority rights so you have some level of protection for people who may be of a different religious strand or secular. melissa: yeah. >> and also the economics piece which has to come along. the completely fallen off in egypt. the economy is a shambles. melissa: you sed example of turkey. things have taken a turn there recently. in egypt the most recent development the president is treating demanding that the army withdraw their ultimatum saying he will not be dictated to. the fact he is tweeting this, does not make you think it will work out well for him?
>> that's right. i mean certainly if he felt he had power on his side he would be out in public, out on a podium, right, exactly. the military is very strong historically. what you're seeing they're standing up and people are saying we would rather have the military than a guy who is essentially tried to take dictatorial powers for himself. which is exactly what you've seen by morsi ever since the election. melissa: thank you so much. we appreciate your time and your perspective. obviously this is frightening situation brewing. fox news's connor powell is live in cairo with nor. conor, we're looking at the pick curse. what is it like there in person? >> there is definitely a sense in cairo outside of tahrir square here that egypt is on the verge of sweeping political change. whether or not that will be democratic change or violent change it is really unclear. now you just looked at tahrir square you think it is one big massive party, something like the end of the mubarak era two
years ago but this is ot all of egypt right now. there were violent clashes across the country today. the party right now in tahrir square is really due to the fact that opposition leaders believe that the military has intervened and is taking the side of the opposition. they believe that the military essentially is now anti-morsi, anti-muslim brotherhood and the military will intervene to end this regime, this muslim brotherhood regime. whether or not that actually happens tomorrow is still a big question but the people in tahrir square believe that is going to happen tomorrow when that military deadlines comes to an end tomorrow around 5:00 or 6:00 p.m. local time. the head of the egyptian military did meet with president mohammed morsi today. the military is apparently floating some type of plan that would scrap the current constitution, would dissolve parliament and hold new elections sometime in the next few months that would be a huge blow to the muslim brotherhood which controls parliament and
presidency. that is not something the muslim brotherhood wants to see today. today the rallies that the muslim brotherhood held around cairo and egypt were very, very different than what we've seen in the past. less about defending mohammed morsi the president and more about defending islam. the muslim brotherhood is turning this situation, these past few days into a fight against those who would want to remove islam from egyptian lifestyle. this ends up with possibility of a civil war here. that is being whispered around. a very different feeling than you get from being down in tahrir square. there is a lot of concern if something peaceful doesn't change, doesn't come about in the next 24 hours, that the next couple weeks could be very violent, melissa. melissa: conor, stay safe. thank you so much for that report. time now for today's fuel gauge report. the reason we're telling you about this on a show called "money" because egypt's unrest fueling yet another rally for
oil prices. crude climbed for six of of the past seven sessions. it is just below 100 bucks a barrel. it closed up more than 1 1/2%, at 99.60. that is the highest since may of last year. despite rising oil prices good news for drivers at home ahead of the 4th of july holiday. gas prices are going down according to aaa. they have fallen seven cents a gallon over the past week. the national average stand at 3.48 a gallon. not bad. apple making a leap into solar power. they will build an 137-acre solar farm next to its data center in reno, nevada. they will use a solar power technology making the sun's raises seven times more powerful than normal. that would make a tanning bed. i was kidding about the tanning bed. you know that. in the past three years bp paid out more than $25 billion for claims related to its gulf oil spill disaster. you know how these things go. when it's a big company with
deep pockets everyone want as piece of the pie and hundreds of new claims are adding billions more to bp's legal tab, many of which are totally unrelated to the spill. fox news's john roberts has been following the story. john, obviously a lot of people have a hard time having too much sympathy for bp but are they getting fleeced at this point? >> you're reading my mind, melissa. it is tough to have any sympathy for bp. but situation is raising a lost eyebrows. you mentioned the amount bp paid out already. the could go up several billion more that the new settlement bp claims is spinning out of control. last year it entered into a new agreement to compensate businesses in the states surrounding gulf area and oil spill for profits that they lost in 2010, the year of the spill but bp complains that the way this new claims administrator, patrick juneau, is interpreting the rules, a lot of business, some hundreds of miles from the gulf are getting millions of dollars for claims completely
unrelated to the oil spill. the former solicitor general ted olson is representing bp on this. this is what he told me. >> this system has gone completely off the tracks because the claims administrator is defining terms so loosely that people can make claims when they really haven't suffered any losses. >> in fact plaintiffs attorneys are actively soliciting clients on the basis. look at this advertisement for a florida attorney. on his web site, if the numbers work, there is no need to provide proof that bp caused your loss. the law presumes bp caused the this is what bp agreed to. in commonly asked question of the section of the same website, look at question, i don't think bp caused my loss. the answer, as long as numbers pass the test, the law presumes bp caused the loss and we do not have to prove anything further. in same commonly asked question section, the attorney says he will counsel businesses on how to show a loss even if they made
money the year of the spill, melissa. melissa: that is unbelievable. i don't think bp caused my problem. doesn't matter. we can power through that, basically what that said. >> that's what the agreement says. melissa: what does the other side say? >> other side says they're doing nothing wrong. we contacted the office of the claims administrator, patrick juno here is what he told fox news in a statement. since june 4th, 2012, we process claims efficiently and correctly in accordance with settlement agreement and orders of the court. other supporters same bp had its eyes open when it went into this. it knew what it signed on to, now that it looks when it will cost them billions of dollars more they're trying to change the rules. >> went into court. this is what we plan to do. we understand what we're going to do. to now come back and retrade the deal or claim there is something unfair about the process i think is is inagainous at best on bp's part. >> but bp claims it is
fundamentally un-american to expect something for nothing. ted olson will go into the fifth circuit court of appeals next monday to ask for some of bp's money back. meanwhile breaking news on this today. a district court in new orleans appointed former fbi director louis freeh as a special investigator to look into allegations an attorney work negotiate office of the claims administrator was getting kick backs from law firm who were seeking millions of dollars from bp. melissa? melissa: john, unbelievable story. thank you so much for that report. >> you bet. melissa: that is crazy, right? i don't think bp caused my loss. don't worry bit. we'll keep going. coming up on "money," it is like handing your keys over to a thief. a common practice by banks could give others access to your checking account. you have to hear this one. i was shocked. plus an extraordinary number of americans hate their jobs! hate them! this according to a new study. if you're one of them fear no more.
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turbulence for the stock. higher fuel costs threatened to airline's bottom line. shares of united, southwest, jetblue and delta all got their wings clipped today. lose-losing out on money today, kanye west, and kim kardashian rejected 3 million-dollar offer for pictures of their baby daughter according to "the new york post." they are holding strong not to exploit their kid, the one they named northwest. right. right. on to troubling trend going on at banks across the country, essentially lets your checking account be accessed by someone else. major banks like bank of america for example, are reusing checking account numbers. think about that. do you have any old checks in your drawer at home? we all do. if someone else used to have your account number, and they still have those checks, they could be writing checks from your account. got same number on it.
here to explain why banks are allowing this to happen, how to protect yourself, john ulzheimer. great to have you back on the show. this breaks down to banks basically recycling account numbers. why are they doing that. >> it does break down to recycling. this sound suspiciously similar to why. 2k. someone didn't think ahead. we would have too many checking account customers and run out of permutations of five and six digit accounts. i did the math. if you take a five digit can number there are 359,000 permutations of that number. if you have more than 59,000 checking account customers like most big banks you will have to recycle a number no longer in use or increase the number of digits which is incredibly expensive. you have to reprogram systems. someone did not think ahead. melissa: no. even if you add another digit that still only gives you 900,000 numbers. >> that's right. melissa: i mean it's not, it is kind of their fault but not kind of their fault because you only
have some numbers. so inevitably you have to recycle them. what else can they do? there is a law you have to wait three years to recycle them. is that doing the trick? >> it's not doing the trick as you know if you find a book of checks as you're moving that could be five or six years old, they're outside a three-year period. still, the routing number is the same, right? the routing number is the same. melissa: yeah. >> if the account number is the same theoretically, this is check fraud. this is nothing more than check fraud. someone can perpetrate it. no one accidentally writes a check against an account they know has been closed six years. take the math one step further. if you take the digits to eight, that is 90 million permutations. that solves all your problems. no one has 90 million checking account customers. melissa: then as you said the banks have to redo all the software and everything they have. >> i know. melissa: i guess that is what has to happen over time. there was a sorry about an older couple, this was having to them again and again.
small amounts someone was writing out of the checking account over and over again. they didn't really notice it until their son i think it was got involved. >> right. melissa: realized checks were being written. but they lost a significant amount of money over time. what should individuals do to protect themselves. what should viewers do? >> few things you could do. first off unfortunately become more engaged with checking account. log in every couple days to make sure transactions are familiar to you. number two. you know, maybe it is time to not do business with a megabank and do business with a smaller bank where they're not going to have 15 or 20 million checking account customers and there is no issue of recycling numbers. third, keep really low balance in the checking account. your risk exposure has been limited. melissa: interesting. thank you so much for coming on the show. we appreciate the tips. >> you bet. melissa: up next on "money," you know the saying if you love what you do then it's not work? sadly a new poll shows an
astounding number of people hate their job? is that possible? leave something easier said than done. we know that you have to change your attitude. stick around. we'll tell you how. plus what is cooler than a million dollars? the world's first bitcoin fund. the winkelvoss twins filed for an ipo it is all the word on wall street. we have all the juicy details. "piles of money" coming up. ♪
melissa: rehab breaking news with the escalating sid to wit -- situation in egypt right now the president morsi is addressing the nation we don't know what he was saying but he left -- less than 24 hours to bring the situation under control before they stepped in for the you can see from the hundreds of thousands of people that are gathered in tahrir square setting off fireworks in celebrating what they believe there soon independence from morsi he does not seem to have under control so right now he is addressing the nation we will bring you more on that as soon as we have it. if you are one of those who loves your job consider yourself very lucky because a new report shows that 70 percent of people hate
their jobs or totally disengaged. how was that possible? and companies are losing $450 billion per year because of its. that is a lot of lost productivity. listen up psychiatrist dr. apple says he has the secret to change your mindset. 70%? that is a huge number. they hate to their job or totally disengaged? >> here is what this study shows that 50 percent of the people approximately said they have feelings one direction or the other. but then there is the 18 percent out there that are actively disengaged so
as to tell everybody how bad it is but i am surprised i didn't know one-third of people feel that their jobs are wonderful i thought by and large it is something they did. i thought most people go to work to earn a living and if they didn't they wouldn't. melissa: really? i think a lot of people like their job you are contributing to society, you do something. >> that is a little naive if you braddish to store or grocery store it may be nice to interact with customers you take 10 home -- take some 10 bucks an hour it is what you do to put bread on the table. me it is hard to change your job with the economy. so if you are a miserable then you have to look at the glass half full.
so what can you do to reset your own happiness level? >> 50% say they're not miserable but just disengaged and 18 percent are miserable. if you are one of those the bottom line is you have to bring yourself to it in a different way. here is where i get my sense of self. in the reason i am here is the i am good enough to hire me how did they lose sight of that? is not supposed to be that you go to work for self-esteem but you go to do your job and get a check and reminding yourself of that could be good. >> i worked at places but in
order to make them more competitive what you do if you have a horrible loss? would you do in spite of that? >> if you believe you have a horrible loss to change your job you should. if you have the option sometimes you can't approach the boss to say things are getting untenable. here is why and sometimes the a chart departments have an option with any problem you're having even with somebody above you but i would caution that the attitude adjustment for the boss whole lot of people don't like their boss. that is the person setting standards if he is not harassing you are committing any kind of other infraction he is your boss. melissa: i love all of my
bosses. >> you cannot love all of them even hours. we would like to tell them a thing were to but we are privileged to do what we do. melissa: not be. thank you for coming. coming up they were smoked over earth facebook but now a new scheme to get investors rich their filing the first bit going public offering it is all the word on wall street. stay where you are. it is all about bit coin. ♪
melissa: breaking news on the president's health care law reuters is reporting the administration will delay the employer mandate through 2015 delaying penalties that don't provide health care coverage they have been set to take effect in 2014 so this is a huge development. moving on to the whispers in the rumors of behind the scenes gossip the inside scoop of the new ipo that
mate -- might make you laugh or cringe. all the word on wall street we are talking about the of legal costs twins they're going to turn bit coin into the etfs? they made a securities filing to own bit coin. melissa: our viewers know. >> but the problem is it is not regulated. >> it is not changeable either. that is the problem with the etf. it is more difficult proportionately with the s&p with a bit of cold and they knew by gold and you own
physical cold-blooded is not a tangible. it is literally just been corrected files on a computer. it is controversial and they don't even know who invented it but they have not found out. possibly in japan but supposedly a finite supply of them. but there is no real reason other than pure speculation they did earlier this year and they went through the roof $13 and the beginning of the year to peaking at $260. melissa: they were buzzing and soaring then they crash. why would they be doing the etf now? >> they're the largest individual owners of bit coin reporting at $11 million i don't know what price cap but had they sold near the top there would have done well.
melissa: do they laugh at it? is it a good idea? what is the five? >> i have not heard a lot of positive side but possibly the most ridiculous thing i have heard. there is no reason for it to exist. if you already own bit coin then it is another liquid mechanism for them to be bought or sold. melissa: people are also talking about the apple stock prices falling 42% but at the same times as cfo to comb $68 million. amazing the biggest amount for any cfo? you hear people talking about this, how was it possible? what is the impact? >> there is controversy over the amount to the average worker and in this case in that context don't be too
hard of oppenheimer. they did a lot of tax dodging. but he made it a genius move to issue the bonds at extremely low rates. if you look at the amount of where they have lost of value that is about 10 times his annual salary. he already earned 10 times that compensation and is every of the year so it is exaggerated that the year before he did not make that much, a few billion dollars it is exaggerated in the sense he is not getting the $68 million every single year. he has earned his keep this
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to the norm will "spare change." about obamacare that penalties for large employers are delayed. it was supposed to start 2014 but the administration says for larger employers that don't provide coverage coverage, instead of penalties starting 2014 they will give them one extra year. >> i think this is just the beginning of the tsunami with all kinds of exceptions and delays and waivers. this is collapsing under its own absurdity before it starts. the exchanges are not ready by january 1st, they're supposed to kick in but nothing is ready to go. big government at its worst and most inefficient. this is very significant and just the start. melissa: just the first in the line of things? how does it play out? >> you already have democratic players that were architects of the law from baucus to rockefeller saying
it is a train wreck. , is so complex to be incomprehensible the rockefellers road to it that they knew it had to end up looking like a disaster. >> is a large employers cannot figure it out what about the small employers? between 25 and 50? they are not getting a pass and they have to go through the chaos. melissa: now let's go to "spare change." we're joined by two of my favorite people monica crowley and adam shapiro. thank you for that impromptu news. edward snowden is seeking political asylum from 21 different countries but eight of them say his request is not valid but roseanne barr and danny glover is oliver stone think he should be protected from prosecution they are
petitioning the president of ecuador to grant him asylum. like using will happen? >> we'll have an opinion but i don't think we know e. enough is see a trader or someone protecting his individual right? for the hollywood celebrity to think it is too soon. has see jeopardize the security of the united states or done something that will protect individual freedom? for oliver stone and roseanne barr to speak out it is premature. >> the president of ecuador? the roseanne barr appeal will make a difference? >> is she even on your radar to? >> he probably knows these people but i don't think it will sway the president one way or the other but it ddes talk about the hollywood community.
melissa: a russian rocket carrying three satellites worth $200 million. exploded and crashed 17 seconds after liftoff. but the engine suddenly turned off? it caused a large spill of toxic rocket propellant. residents were told to stay home with the windows closed and close the shops. if this is embarrassing. >> for the russian space program, right now we rely on russia to get things up into space but accidents happen. we need to know why those engines shut down but is a slap in the face. >> totally embarrassing and a humiliation for vladimir% to six his presidency and try to resurrect in the former soviet power to build up the military to gain that power back so that is humiliating. melissa: reportedly hiring mostly women because they
weigh less than men. and up to $500,000 per year. the airline denies the policy but admits it has a month the highest ratios in the industry. what do you believe is going space? >> there may be a little bit of? as some. melissa: there is more than one reason? >> gorgeous flight attendants it is very retro back to the 1950's before the sexual harassment laws kick to but they tried to rationalize to say we're trying to cut down the weight of the total aircraft including water and the in-flight magazine is a lot thinner. [laughter] >> the airlines used to have weight requirements i don't
think they had the argument it was fuel-efficient. thank you so much. we will see you back here tomorrow. the oil report is next. >> we begin tonight with breaking news. obamacare reversal the white house delays penalties for larger employers that don't provide health care coverage for another year the penalties were to start next year but now are getting pushed off until 2015 with a director of the manhattan institute center for medical progress welcome to the show. it looks like the federal government