tv MONEY With Melissa Francis FOX Business May 6, 2014 2:00pm-3:01pm EDT
speaking of next month, in the shorter term, next hour, melissa francis, has everything you need to know. what is coming up? melissa: there is already a lively discussion going on my set, thank you so much. minimum wage revolt. another state jumps on the ten .10 band wagon. business owners are not going down without a fight. why pay workers more than when you can get a computer to do their job. panera bread's plan to get rid of workers with kiosks. we have inventory software founder john mcafee is here with the latest trick up his sleeve. speaking of disappearing act, washington state is looking where the money goes when you invest in kick-starter. even when they say it's not it is always about money. melissa: we start with twitter
of the stock getting absolutely crushed today, hitting a new all-time low after lockup of shares expired, allowing early investors and employees to sell their stakes in the company. let's get to our panel now to discuss our very own charlie gasparino and elizabeth macdonald. we have a and g capital hilary kramer. you told them so on twitter? >> i think i did. the real question is when does eric bolling show up. melissa: stop, stop. you have a long-running dispute with eric bolling on value of twitter. today, largely in decline. >> he is investor of the he did tell me he is sticking in it for the long haul just so you know. here's the thing. we do point out in eric's defense facebook had a crash sometime after the ipo. and then the firm innovated and came up with some new stuff and bounced back wildly. that is what they have to do. melissa: go ahead. >> net-net, they're losing people who are tweeting. we also learned -- melissa: 40% of the people are fake. >> exactly. >> the problem with twitter is,
they have the diluted existing shareholders. that is the "barron's" thesis too. they have issued a lot of stock to pay employees. you have to wonder when they will do a 10 for one split like citigroup did to make the stock go up. >> twitter is not citigroup in the sense that citigroup was bailed out. >> other companies do reverse splits. >> what twitter has to do to get back on the positive side they have to innovate and follow the facebook playbook. my view, i think she is overexposed but i don't want to see her anymore, they need cheryl sandburg, operating type. melissa: adult in the room to fix things. >> they need an adult. cheryl sandburg is whole another discussion. twitter to me, it is already over, game over. >> tech company or valued as news media company? melissa: is this about twitter or -- >> she makes a good point, is it valued as news company or tech company? what i point out and why we all should be scared about our jobs in the future, niece media,
tech, internet, all converging and makes reporters redundant. that is what this will do if they play it right. melissa: you could never be redundant, charlie gasparino. >> your lips to god's ears. melissa: in a matter of minutes the dow jones plunged and recovered 1,000 points that trillion dollars worth of wealth was temporarily lost but it came back of the has anything change? is this reviving our conversation? >> nothing really has changed, melissa. as a matter of fact the only reason we haven't seen another "flash crash" because volatility has been so low and there is so much complacency in the market. if we see volatility spike, we're going to see another "flash crash." melissa: can i ask who cares? if it came right back does it matter that we had the "flash crash"? it went down and went back up. >> "flash boys" should have started this argument but it didn't. michael lewis blames everything on high frequency trading which i think is a side issue. reality is we have 50 stock markets out there. melissa: right. >> when you have that type of fragmentation in the markets you will have "flash crashes" when a
price doesn't look right because you have a lot of computer technology. has nothing to do with hft. if michael lewis wrote intellectually honest book he would have focused on 50 markets, not this nonsense of a side issue. >> the other thing about the high frequency trading being unfair. all right, don't sell public data. make all public data free and have it synchronized. >> is it public though. >> that's what i'm saying. >> a lot of that data, here is the problem that they have, we're divulging, diverting to a different conversation but a lot of that data they say, high frequency guys get first is proprietary data of the new york stock exchange. they should sell it to whoever they want. >> or make it public and free. then you fix the problem. >> how do you make something public, eminent domain? i don't know. melissa: that's a good point. maryland becoming the latest state to move toward a 10.10 minimum wage as businesses ram up movements to counter the movement. maryland in particular, they
spent a fortune, small businesses and large businesses alike trying to push against raising the minimum wage to 10.10. >> the minimum wage going up will be disasterous. all we will do is lose jobs. look at walmart model. walmart is big because of scale. that is why, why they have -- melissa: very big jump. >> is that 40% -- >> but in reality, $9 is really where most people are working at the minimum. so we're not really talking about -- >> depends on the state. depends on the state. >> but it is going to be a killer of jobs ultimately because businesses can't handle it. >> what about the argument you pay people more and have more money to spend, emac? >> meaning they have more consumption power? melissa: liberals all make the market. business owners who are loaded will cough up a little extra money we would have a living wage and buy more products. >> the question is again becomes circular argument. would businesses raise prices because of inflation and hike in the minimum wage.
so that would cut purchasing power. >> all i can say, i want people to make on low end as much money as possible. i would say this, non-biased studies show the economics are against raising minimum wage. the cbo is non-partisan. congressional budget office. all the data they show says if you raise it, at some point, this is kind of -- >> there is the data right there. they say it would most likely cost 500,000 jobs. >> hold it. melissa: up to a million. >> that is the midpoint. >> it would raise nearly a million out of poverty, that is the other side of the cbo report. melissa: but other half are out of work. >> businesses going under so those people wouldn't really be working. >> the economics are really bad when you parse through this. melissa: would you like fries with that. restaurants try to use technology instead of workers using minimum wage. panera will announce use of key of courses instead of cashiers. we knew this was coming.
kiosks. that is the first place i notice innovation, at airport. you order food on a tablet or at a kiosk and they have one person working behind the counter. >> there is trend out there, checkouts, human beings iced out of their jobs because you have computers doing it. you have mcdonald's. you have applebee's using tablets to order your food. fa pair -- panera is using that type moved dell. melissa: putting eight kiosks inside the restaurants. cut down number of workers. people which get served faster. >> i'm reading thomas picket at this ace book. i'm still reading it. picketty. i will say this, he is on strongest ground when he talks about technologies essentially eliminating jobs particularly on the low end. melissa: right. >> where he is on weakest ground, obviously someone has to make kiosks. if you create taxes on business an investment those kiosks will
be made in china rather than here. melissa: if they're made in china rather than here, also not the same people that would be serving at counter who have training in order to run the can iistics and not same number of people. these are big problems -- kiosks. >> i want to see the day we go into morton's and some steakhouse and ordering off a tablet. i think that is the direction. restaurants are so labor intensive. >> what is really interesting about this story, too, is that who knew that one out of seven of those humanly entered orders are wrong. melissa: go to the restaurant -- meanwhile. i don't want to go without talking about google because their same day service crashed in manhattan. did you hear about this, yesterday on very first day? they're supposed to take your orders until 4:30 and bring to you that day. by noon there was big red sign, we're done. not as easy as amazon makes it look. >> certainly not easy but also very indicative what is going on which is the internet companies, the amazon, ebay and google, are going to be replacing those
big box stores. this is beginning of a trend. i understand, google couldn't handle it yesterday. but that doesn't mean in the future that is not the direction that we're going. it tell as lot about the companies we should be investing in. melissa: amazon, same day delivery or next day delivery? why would i waste time at walgreen's when i could get stuff delivered to my house for free. >> it doesn't work all the time is that what you're saying? melissa: i practiced, many times every day. google this is their first day. it was their first day. >> i'm happy they didn't design the health care website. melissa: that's okay. you guys were fantastic. thanks very much. gearing up what will likely be the biggest ipo of the year. what you need to know about alibaba before it debuts on wall street. our next guest knows but he is not telling. the always mysterious john mcafee joins us next with his nsa.to help you hide out from more money coming up. ♪ we asked people a question,
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 amount might last. i was 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. ♪ if we want to be ready for a longer retirement. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well:
jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
melissa: founder of the antivirus software, mcafee. it is now looking to protect your messages. john mcafee has a app for encrypted messages shatter. it claims to keep information secure and private. joining me now, john mcafee, himself. speaking of private. you're in secret location at that? we're not allowed to reveal where you are? >> absolutely not. it is my vacation spot and i don't want people crashing my party. melissa: okay. i thought maybe the nsa was looking for you but you not wanting to crash your party. >> no. actually, no one from u.s. government is looking for me. i think people from other governments might be looking for me, so. melissa: that clears that up. your messaging app is called chatter. what are you trying to achieve with that? >> well, the app was designed by teenagers for teenagers. i think that we as a adults have missed the boat. we have designed and electronic universe that provide no privacy and no security. if this continues, if the next
generation does not catch on to the tragedy of this event then as a culture we're doomed. so the app was designed by a number of students at rit. one of them as young as 13 who holds two associate degrees and is his second year at rit so they are very bright students. melissa: one of the problems we hear all the time young people don't care about their privacy. they are growing up in a world where they have none and they're used to it. that's why they're willing to text out, explicit pictures of themselves or write anything on facebook they don't expect privacy. they don't even really care about it. >> that's because we as adults not explained the necessity of privacy. privacy is a choice. when you have dinner with someone brand new, let's say you meet your neighbor for the first time, you don't divulge the intimate details of your life for obvious reasons. you don't know anything about your neighbor. you don't know how the neighbor judges anything that may have
done. as you get to know the neighbor, you may choose, that is your choice, to divulge more and more. so at some point if you become food friend you can choose to divulge everything about your life. we haven't explained this to kids. melissa: no, i agree with you. let me share some criticisms of the app so you have the opportunity to address them. paul sawyers writes we couldn't use it to work and generate code and email. were not able to find other users. that is a big stumbling block? >> it's a beta version and we detailed that i think you will find just as many positive comments as well about the application. like any new product it will have props. we're addressing them. new version is coming out almost immediately to address these issues. so it is software. i ace new product. new products frequently have problems. melissa: he of gigam writes although secure encryption is
chador's main selling point, how does the app keep information secure? >> we use a key server. >> the text is incripped by the server and sends that so the end user. if someone is listening on the line they will see nothing but encrypted text. they will never see a key. the key comes from another location. melissa: that makes sense. >> so -- melissa: can i ask you real quick, the last time you were on you were talking about a phone that the nsa couldn't hack. i think it was called d-central. >> yes. >> what is the latest with that? >> we're still working on that. d-central one was first version that came out two months ago. the product scans your applications and tells you exactly what you have done by blindly agreeing to all of the permissions that apps request. everybody who runs it has been shocked to find that 90% of
their applications are turning on the phone, turning on the camera. they're using the phone without telling you. melissa: yeah. >> sending emails and messages without telling you. so basically an awareness tool. you need to be aware first, you are living in a world with no privacy. melissa: right. >> if you have no awareness of that we can't sell you anything and you can't help yourself. that was step one. step two was a communication program. if we can not communicate securely, what value does communication have? melissa: yeah. >> so it is coming like everything else is slow. i've been slightly handicapped being underground for two years. melissa: well that is a handicap. we look forward to seeing the product. i hope you bring it to us as you bring it to us. john mcafee, always a pleasure. thank you for coming on. >> thank you. melissa: alibaba expected to file the highly anticipated public offering as early as today. with billions of dollars at stake, what do you need to know about china's largest online commerce company? joining us our very own jo ling
kent and "wall street journal's" spendter ante. what do people need to know? >> it's a massive company. it dominates 80% of the e-commerce market in china. that is only growing bigger and bigger. they have alipay which is their version of paypal. so there are at love opportunities here to make money. but what i'm looking at having covered alibaba for year is board governance here. that could be a challenge of. jack ma is visionary, rags to riches. he owns 7% of the company as you see there with yahoo! and softbank -- melissa: no longer ceo, right? >> no longer ceo. cofounder and he is also, someone that makes a lot of the decisions though. and what a lot of investors might be worried about is some of the board governance that came with the alipay spin-off that resulted in some questions where the board was in terms of making decisions. also the communist party. we can get into that later.
melissa: spencer what do you think is their biggest challenge going forward? >> i think growth is their biggest challenge going forward like most internet companies. the valuation is supposedly around 150, maybe high as $200 billion. that is probably one of the highest valuations we've ever seen for a eye poe. the is if you're going to value it that highly will they continue to grow? in recent quarter, yahoo! grew 66% in the first quarter. that is extraordinary growth. investors will look to see if they continue that rate. melissa: thank you, very much, guys. airlines making less and less with baggage fees but what about all the tactics using to get charges out of passengers? some of the chars are outrageous. what are some of the ridiculous things that the airline made you pay for recently? the vampire regiments. the theory that youngblood could get you living longer?
humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident
and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with our base auto policy. and if you switch, you could save up to $423. liberty mutual insurance -- responsibility. what's your policy? melissa: let's take a quick look at the markets. the dow holding with triple-digit losses. nasdaq down more than 1%. investors are gearing up for big earning after the bell today. gaming companies, activision, blizzard, electronic arts reporting in just a short while. a lot going on. we have to head to nicole petallides at the new york stock exchange with more on all of this wow. take it away. >> we have a lot to watch in the earnings realm, including activision blizzard and electronic arts. let's see how they're trading at this point. activision blizzard down and
electronic arts down more than 2%. both of these names are to the downside ahead of their reports. with activision, their numbers last year were not great year-over-year pertaining to 202007. as a matter of fact videogame software sales plummeted 11% year-over-year. this is a new year and new realm more videogames. we'll see how they do with some of their popular names, including new release, diablo 3, reaper of souls and call of duty, advanced warfare. we're watching that for activision. analysts think they will maintain their guidance. then for electronic arts, they may tight metals fall, ex--- "titanfall"s" very popular on te video list for video papers. this is one we'll watch according to npd group. this has some popularity. we'll watch other names. whole foods, groupon, trip advisor, electronic arts and activision, all after the bell.
and disney, don't want to leave that one out. melissa: busy, nicole. dracula might be on to something. new research shows that vampires may be a key to the fountain youth. dr. manny here with the exciting theory. >> vampires, that's it. melissa: how do you -- tell me the theory. >> this is not a theory. this is based on animal studies that came out of harvard earlier in the week where they injected youngblood of mice into older mice, mice that were like 60 or 70. melissa: transfusion? >> they danced the cha-cha with the new blood. more energy, better memory. they did a whole butch of things. the whole thing behind it, there are components in blood, especially when you're young, disappear as you get older. they look to one specific protein gdf-11. the whole notion of finding, you know, certain proteins when you're young and then give them to you when you're older might be the whole basis of dracula here.
melissa: what is the application then? i mean how -- >> application is -- melissa: do we have blood tran fusions? will we replace our blood? what are the we doing to take advantage of this? >> not necessarily. i mentioned in the article that wrote on foxnews.com, if you look at findings in 90 and over study being published, and people that live over 90, they have a lot of common themes. and perhaps one of the things that they do is metabolically keep their cellular levels or production, youngish. that delays -- melissa: can you taste the protein or do you have to have a blood transfusion? >> i'm sure some smart scientist at a tech company -- melissa: figures out how to capitalize on this. >> there you go. melissa: fda questioning the use of aspirin to try to prevent a first heart attack. the headlines are, aspirin a day does not keep a with heart attack away. >> that is not should be the headline. melissa: misinterpretation. >> fda denied bayer pharmaceuticals because they wanted to label aspirin as
preventing heart attacks in generic way. there is no data to support if you haven't had risk factors or haven't had a heart attack that aspirin doesn't do anything. they shade, no, the data is not there. they want to you take aspirin if you're high-risk category especially if you have a stroke or heart attack the talk to your doctor about using aspirin. they need to look at factors of high-risk. melissa: down mean for our audience for people who have been told factor 5, told to take aspirin, not doing it. >> no. i take it myself to. absolutely not. this is about mark connect. melissa: dr. manny, you're fantastic. thank you. the beginning of the end of crowd funding? oh, no. washington state attorney general is suing a kick-starter campaign that he says failed to deliver. i can't believe it! a viral ral video giving a whole new meaning to go fish. that is a game-changer for our friend with gills. it is, the fish is controlling that.
fish bowls of money coming up. ♪ (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.
those people can become billionaires. dungee feel great about yourself? >> it is amazing the attorney general is getting involved at this little to change capital structure. they got mad, but kick starter guys. they donated money. somebody with the product didn't deliver. now they wanted peace of the action. after the fact, read the fine print. >> i have to say investor beware. i have done a kick starter campaign, got the product. melissa: what was the product? >> i donated to someone who was raising money for a lot contra film and i got that dvd and a film and most of these produce real thing is you get in the
mail from these artists. mostly artists and creative people but you have to know there is no guarantee should the government be getting it? i don't think so. it is a business issue. if a kick starter project is going out of business. >> the biggest incentive of anyone to make this work. watch out when elizabeth warren decides this is a problem, then decide to take action. melissa: what would you recommend? to get on and -- >> ratings where people can show what they have done in the past. melissa: a great idea but there are a lot of people who do kickstart armani times, kickstart many projects. >> that is where this has a weakness but creative thinking, no one has a better incentive than kickstart results. melissa: the lawsuit clawing money back essentially it looks like a. >> they are but your chromosomes seems if you donate money and
are promised a product in most cases like yours you are supposed to get a product if they raise the goal. >> this is a different issue she is raising which is the people who gave money wanted some of the profits. i say to them you left it in. >> forgets theory. microsoft is unveiling a new assistant that is a desperate move by microsoft? >> the person who named it must be watching game of thrones. will it work? will this be a game changer or any game change for micro fort -- there behind the times. >> it doesn't work very well. i was outside the office trying to call this person. a lot of these were great. melissa: what does it say about
microsoft, they're ripping off? the only thing lemur than theory is the copy. >> it sold a lot of iphones. if microsoft comes through and make something that works it might sell the loans. melissa: agreed to use in your dashboard. >> i have russell iphone. it is not -- i am proud of it. my students call it a smart phone. i don't even know what it is. melissa: if that isn't -- >> it goes by the jeans. melissa: you don't care, you don't think this will help microsoft? >> the few people who tell me how to cross the street. melissa: now for something we had to show you, creative types in the netherlands of come up with an innovative way to give your pet fish the freedom it
probably always wanted. it is 8 mobile aquarium that senses the direction your friend really wants to travel deep in his heart because of a camera on top the tracks its movements. the wheels then turn and take the fish wherever it wants to go like how hamster's travel on their plastic balls but with technology thrown in, what do you think? >> last time i was on the show the burrito was here and that kills that, destroys that. melissa: that is better than the fish on wheels? >> this always wanted to get out of the tank and here they are. liz: a share of the bug government put on a treadmill. >> government-funded? melissa: no doubt. is the fish terrified and can't figure out why the tank won't hold still? or is the official like i am almost there? >> or is really hungry because it travels a lot. >> makes a sharp turn and might
fly out of the tank. >> crashes into something and skills and it dies, very sad ending. overwhelmed stock, a little bit off track with the latest foray into the world of pets, the ceo is here to tell his critics why all of this makes sense because at the end of the day it is all about money. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.
melissa: melissa frances with your fox business brief, merck selling its consumer business for $14 billion. maria bartiroma spoke with the ceo on fox business about what they are focusing on next. >> what is exciting at merck is what is coming through the pipeline, and focus on that pipeline growth. melissa: another day of a gm recall the automaker won 60,000 saturn cars to be returned, this time a problem with the gear shift which has caused 28 crashes and four injuries and directv reported a drop in first quarter profit around 19%. that is just 12,000 u.s. subscribers down from 21,000 the year before. that is a latest from the fox business network giving you the power to prosper. peace of mind is important when you're running a successful business.
so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. melissa: overstock.com taking on a fight between online retailers to the next level with actual dogs. and new feature allows you to search for adoptable animals new york location at no cost to the shelter. the move has tens and tails wagging and critics say is taking a bite out of overstock's brand identity.
the chairman and ceo patrick burns, thank you for coming back to the show. >> good to be back. melissa: what do you think about critics who say you are losing focus? motley fool says somewhat longer strategies are not relevant to what overstock.com was originally successful at the web based close down merchandising. what do you say? >> they are wrong on so many levels that remind me of the old joke about albert schweitzer which ends with the fellows saying there is nominee an orphanages. we are not doing this -- we are not doing the pet adoption tab as making money, it is a public service. the process was easy, we developed great technology is that as you know you can search through 100,000 watches, at and you get the watch you want but we figured out we can take the
same technology integrated with 6,000 shelters around america and give our customers the best experience for going on and searching, you can search through 6,000 shelters to get the animal you are looking for so i think that is great, 100 in million households in america, 10 million i humane society supporters so there is good business case regions and technology reasons, by developing this agreed to externalities that we get to apply to the rest of our business. melissa: makes a lot of sense and you are branching out into farmers' market area, your stock has been in a slump, the you think the farmers market fits with your core gold? your core mission? >> i think it does. they're looking at things very narrowly. think of it this way, pet adoption shelters are in the overstock business, overstock inventory they're trying to liquidate, farmers' market, there are other reasons fitting
technology, not about overstock shopping but it is about technology to connect local farmers with local consumers so all about stripping out information costs. melissa: you were one of the first bullies into the bitcoin arena and it has exploded on your web site. what is the biggest challenge? you are one of the first to use it on a larger scale. >> we are the first major one and we have the 1 million so far and there has been no challenge, it has run like clockwork, we integrated through:base and since we did that hasn't given us the second one. melissa: do you put it back in dollars right away? what are the mechanics of other people and learn from this? >> the mechanics are coin based instantaneously translates back into dollars for us and we keep tempers and in bit coin to accumulate a small amount of bitcoin but 90% we transfer immediately back into dollars so
there's no volatility. melissa: i hope you will come back soon. >> tell the wall street colonel who are always writing those stories they got to figure out why is it we keep more profitable than amazon? if we make these mistakes happen we end a more profitable than amazon. melissa: thank you. joining us is cheryl casone filling in for liz claman. what should we expect in the next hour? always get the last word. liz: patrick did such a great interview and i love the shelter angle. good luck coming up at the 3:00 eastern hour including a live report from jeff flock on a huge press event tonight, sergio marchionne unveiling the big turnaround for chrysler, fiat and the component is cheap, classic american brand, spending billions of dollars but they will be building these jeeps outside the u.s. the we will be talking about that, giving his take on a turnaround crisis which was an american company
that was bailed out and we will be talking a little food, we will be talking to the ceo of hill shire farmers. costs going crazy, pork and beef and why he is getting more into organic, healthy, natural foods. melissa: sounds like a great show. kids love to get their hands on their parents's gadgets. now that tech world is looking to cash in on the latest must have device, the fitness tracker. you can never have too much money.
when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies.
if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with our base auto policy. and if you switch, you could save up to $423. liberty mutual insurance -- responsibility. what's your policy?
losing money. anyone with a piece of etna health shares sinking today after david einhorn says he is betting against the company. the billionaire investor thinks it is a bubble stock that can drop 80% from its recent high. that was enough to scare some investors, shares by 14%, the ceo, jonathan bush, owns 1 million shares meaning he lost $19 million today. making some serious cash just days into her new job apple stock employee angela aaron, has been awarded a signing bonus worth $68 million. she has been made up of 110,000 shares and all she has to do in return, regardless of performance. britney spears being sued by former doctor for allegedly
breaking her nose during rehearsals for this music video right here. the center is said to have swung her hand cracking the studio. and britney has refused to cough up any money for it. better work that one off. we like the britney video. the tech industry, the target, tech toys for kids, the newest player in this right gadget game, toy company and lead fraud in, look at that, this summer, i kids going to be interested in where rebel attack? samantha kelly joins us from matchable. >> bids like to get their hands on what their parents are using. and even cars, the little car as you drive around in, this is a natural step where where rebels
are heating up. melissa: the thing that attracts them about their adult's devices is they look like adult diverse as -- devices. and some of these guys like me pad are heading in the wrong direction. >> something that makes sense, the adult market becoming more popular, smart watches, supposed to come up with theirs. since it is already on the risk or will be more on the risk of adults kids are going to want like you said to grab at it and take it but this will be yours. melissa: do they do the thing, they track where they have beaten, and -- >> definitely a boil down version. for example it is similar to something like that. it does encourage you to exercise, move a little bit
more, and has a virtual pet baked into it so you have a dragon or dogs or cats or win food for it. it is a game thing. melissa: rewarding them for moving more is a terrible idea. thank you so much. going to extreme lengths to avoid sky high baggage fees, some even wearing their luggage. one of the airlines just yet, they are raising billions from lots of other sneaky charges and more on the way. you can never have too much money. there's a new way to buy a car. it's called truecar.
and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit truecar.com today. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything
from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding,
like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. melissa: there is a wonderful thing happening in the airline industry right now. no, they will not fly is around
for free. there has been a decline in baggage fees. the amount that airlines raked in on fees dropped by 4% versus the prior year. back with us to discuss, mark brennan. jo ling kent. it is not like they lowered the fees. we got a lot smarter doing things like using airline credit cards to avoid baggage fees, frequent flyer miles instead. bringing less junk. how about you? >> i never check a bag unless i absolutely need to. some very smart consumers saying no, we don't want to pay these fees in the air last have to adjust but they are also charging in other ways, food, any sort of extra space for the few inches in front of your knees, so there are other ways in which the airlines are crafting ways to generate revenue. melissa: you know better than anybody else. this was a great way for them to
generate revenue, people have found ways to get around it. >> they are charging for blankets. melissa: i always bring like a fleece or a scarf. >> airlines are not nonprofit. he tells m somebody will fly thm from los angeles to new york, he have to make it up somewhere. on the cost side they are fighting pilot unions, flight attendant unions. what i would like to see is raise the fee on carry-on luggage. think how much time you waste. somebody says it will fit, the flight attendant says that will not fit in the overhead, meanwhile dozens of people waiting in line. melissa: we totally disagree with you. i think checked luggage is for
suckers. you are fighting a losing battle. some of the ways they are getting back. they are raising prices on changing reservation fees or canceling. they are raising overall prices, and they are charging for better seat on the plane and other amenities. i always fall for that, the slightly more room. >> jetblue is my airline a choice. melissa: psychologically do we feel better i will pay for more room, but i hate paying for my bags. do we feel better about that? >> it is something you can enjoy every minute. it pays dividends. >> in one case it is a penalty, in the other case it feels like you are buying something. melissa: things to both of you. i hope you're making money
today. "countdown" starts right now. >> the italian job, chrysler gets that time makeover with a new logo and ambitious five-year plan. going global. will the ceo drive up sales and profits? facebook million dollars video ad challenge. an audition like none other. when thewe will tell you what id this unusual move and whether advertisers are willing to take this. and illumination, it is the energy of flowers. plus, can it out bloom big boys like ligh white hundred flowers? we talked the startups cofounder. "countdown to the closing bell" starts right now.