tv MONEY With Melissa Francis FOX Business June 13, 2013 5:00pm-6:00pm EDT
continue the up swing in the market. we need a .5% gain in the dow in order be green for the week. liz: at least we didn't get four losses in a row. "money" with melissa francis is next. melissa: i'm melissa francis and here's what's money tonight. is edward snowden an under cover spy for china? one of china's foremost experts make that stunning declaration. he joins us with details. plus, get all your vitals in the comfort of your own home. a new device could prove a breakthrough for the health industry. it gives your about ten seconds. i tried it. the man hyped it is here for a live demonstration. it is pretty cool. "who made money today"? one of the nation's biggest investors who refuses to give up on old media. can't figure it out? stay tuned to see who it is. even when they say it's not it is always about money.
melissa: tonight we start with a shocking new suspicion of nsa whistle-blower edward snowden, is he in fact a spy for the chinese government? snowden keeps leaking information to china, the latest revelation being the u.s. has more than 61,000 hacking operations around the globe, and that we specifically been targeting the chinese. everyone has been wondering why he chose to hunger down in hong kong to begin with, right? and whether he may defect. if he is actually working for the chinese, while having top secret security clearance here in the u.s., clearly that takes things at a whole new level. gordon change is the author of, the coming collapse of china. he has been following the story closely. he thinks snowden might be a double agent. you have pretty compelling thinking on this lay it out for us. what are the clues? >> the first thing that he goes to hong kong which has an extradition agreement with u.s.
and a tradition of close cooperation with u.s. law enforcement. that means the only thing that stand between him and a life term in a supermax prison is beijing. but you know, it is interesting that his first disclosure was timed just before president obama met with xi jinping in the shirt sleeve summit. that really derailed obama's idea about talk about cybersecurity. the the most recent revelations are operational detail this is not just a question of spying. detail of nsa spying on hong kong and china. this only helps beijing. melissa: we think after spy coming over and getting information and staying secretive and giving it to the person he was spying for. why would he be so public if he was a double age sent. >> part of it he might have been tipped off that nsa was closing in on him. melissa: he would just flee. he wouldn't make this huge splash and put himself out there? >> but he did flee to china.
i think that means he is outside of basically the u.s. ability to get him. and that's important. so that now he is really free to do what he wants. the important thing here, when we step back and look at this, there's a lot of that we do not know right now. melissa: right. >> for instance, everybody has been asking, how could a 29-year-old who has been working for a nsa contractor less than three months end up witt all of this information on his own? perhaps the issue his, maybe he wasn't on his own. melissa: what does that mean? you think there are other spies for china within the nsa already that were helping him? what do you think? >> yeah. i think that would be something you would have to look at because he did exfiltrate a lot of data in a very short period of time where most nobody thought he could do that. so the issue is, are there other people in the nsa up in the food chain who helped him? maybe also in, you know, there are a lot of federal agencies in hawaii where he was. this is a critical place for china. this is where we do our surveillance of china. so we have to start thinking about all of this.
when snowden runs prematurely out of hawaii, we have a lot of questions we've got to ask. and what he has been doing in terms of showing this operational detail is absolutely critical. melissa: your sources tell you that the fbi office in hawaii has been thoroughly penetrated? >> yeah, perhaps. melissa: really? what does that mean? >> that means essentially he has been tipped off and that he, he fled at the time he did because he was told it was time to go. melissa: there are others in hawaii helping him? you're saying hawaii is a place that is -- >> we've always known all along that china has devote ad lot of attention to hawaii because the headquarters of pacific command are there. nsa is there. a whole bunch much of federal agencies this is very close to china or as close as we get. the important thing here china has been putting its agents into hawaii. we have to assume a lot of this has been penetrated. melissa: so why is what he is doing right now, why would that be beneficial to china, him being out there, him being so public, saying that, exposing
the nsa program? why is that good for china? >> it changes the global narrative. we were talking before about chinese hacking. you know, cyber espionage, cyberattacks, all the rest of it. melissa: now we're talk about american hacking of china? >> absolutely. that has taken it off the table. at the summit president obama was supposed to have, did have with jinping. they were making the case that china had to stop this and if they didn't it would affect the economic relationship between the two countries. now it is harder to make that case the conversation has changed. we're on the back foot. this really did help china. melissa: do we ever find out? if that was the case do you think it comes to light this is what happened? are there clues we should look forgoing forward? like, for example what happens to snowden now and where he goes? >> i think snowden probably will end up at one point or another back in china because it only makes sense for him. he is now too hot. as he disclosed more and more operational detail, and apparently he has a lot of
detail about how we go. you know, the servers that we're looking at, all sorts of things, this is stuff that china, china is the only customer for this right now. >> well, russia, i mean isn't russia is big customer for anything that he has as well? >> except though probably what he was doing was targeting what he was looking for in terms, of course russia would like to know in general. what he has is detailed with regard to nsa's operations against china. that is obviously much more interest to beijing. melissa: is it possible he wants to be a spy for them. that's why he did all this and flees there? does he want him to adopt them now and that is not how it started? >> it could have started any number of different ways. we could take him at his word he changed or china flipped him midway through this apparently he has too much information for him acting on his own for less than three months. we have to assume he has been working with other people. that is the only logical explanation nation for all that we know now. melissa: interesting.
gordon, no doubt that will cause a lot of conversation. i hope you will come back. >> thank you very much. melissa: next on "money," enter the mind of edward snowden. don't tell me you haven't been sitting at home psychoanalyzing his interview and wondering what is he capable of doing? isn't chinese spy? we get insight from a top psychologist. you will be surprised to hear what he has to say. more "money" coming up. ♪
♪ melissa: just heard china expert gordon change's suspicions that edward snowden is a chinese agent but the question about who he really is remains. what can he learn about him from the interview with guardian? what do his word and body language tell us? psychologist and host of culture shock radio, jeffrey gardere joins me now. thanks so much for coming on the show. everyone i know has been watching the video because it is really compelling. he is really well-spoken. you know, the interview itself, i watcheddit a bunch of times. hard to tear yourself away from it. right off the bat he came out and identified himself.
what does that tell you? >> tells me many whistle-blowers don't identify themselves. really what they do is for the good of the many. it is not about them. melissa: this is about him? >> this is about him and i see some real narcissism here. i'm the one who has released this information and i'm going to make it right. there is something not really quite right about that and i wouldn't even call him a whistle-blower at this particular time. melissa: no? why? >> whistle-blowers say there is something wrong with system and we just want to make it right. it seems he has so many knives to grind here. melissa: yeah. >> says ssme things about the nsa and people use their power and they're used to it and they don't have any real good conflict resolution. they just smash the opposition. so that tells me that this is someone who is somewhat, not just, narcissistic but we see some paranoia there too. melissa: we asked to you pick a
couple things that jumped out at you. let's play a the first one. this has to do with wiretapping of the president. >> not all analysts have the ability to target everything, i sitting at my desk certainly had the authority to wiretap anyone from you or your accountant to a federal judge to even the president if i had a personal e-mail? melissa: what does that reveal to you? >> whoo. melissa: you don't think he could do that? do you think he was lying? >> even if he could do that, why talk bit, why talk about it in that particular interview? it all comes back them. it comes back to this power that he has to even be able to listen in on the president of the united states. again whistle-blowers we found them to be like daniel ellsberg, we found these people to be very humble, in what it is that they're doing. it is not about them. it is about the mission. melissa: do you think he was lying when he said that based on his body language and based on everything else?
i know it's a guess. you are just watching a tape. do you feel like he was lying? >> it is hard to look at bottomed did i language which he stays rigid the whole time. tells something about him. there is no real emotion in almost anything that he says. he is almost like a robot telling these particular stories. melissa: lie, not lie, you don't know, can't tell? okay. >> not yet. melissa: let's look at another one. other thing that jumped out at you. go ahead. >> i could be, you know, rendered by the cia. i could have people come after me or any of their third party partners, you know. they work closely with a numb before other nations. or you know, they could pay off the triads, or any of their agents or assets. we've got a cia station just up the road in the consulate here in hong kong. i'm sure they're going to be very busy for the next week. melissa: that really jumped out at me, when i was watching the full clip. i was like, wow, so you think, basically the entire world is organizing in secret right now thinking about you and attacking
you and also sounded like science fix. but then again, i'm not in the nsa so i don't know. >> right. melissa: maybe they are like that. what do you think? >> maybe they are like that but it speaks to grandiosity, that you're so important, those ideas of reference, everything is about you. but as well some paranoia there. of course paranoia means sometimes the reality is that someone may be after you. melissa: right. >> but he put himself in that position, number one, and number two there's a station right up the road. come on, let's calm down. you put yourself in that position. you know something can happen. there is definitely some paranoia there. melissa: at the end of the day do you believe in general the things he is saying based on everything that you have seen? is this somebody where you trust their word or you think they made up a ton of stuff? what's your read on him? >> i think where there is smoke there's fire, melissa. so many people are analyzing him, looking at him. melissa: yeah. >> some things don't ring true. it is the general populace, even
people who feel that he may be some sort after patriot, even those people are just really unsettled by the way this guy just blew his clearance blew his oath and there is so much coming out of his mouth that is unnecessary. if you're truly a whistle-blower. say what you have to say, back off, don't keep telling all the power that you have. >> you're good. don't analyze anything i'm doing or saying. i don't want to hear about it. thanks for coming on the show. good stuff. i love that that was interesting, right? coming up on "money," a new whistle-blower putting the keystone xl pipeline in jeopardy. a former transcanada employee sounds the alarm. he says canada's pipeline industry is in shoddy disarray. he joins us to explain the problems. you have do you ever have too much money or too many whistle-blowers? ♪
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♪ melissa: whether it is on wall street or main street here is "who made money today." anyone who owns gannett along with warren buffett. it is acquiring belo, a television company owns 20tv stations among other properties for $1.5 billion. this sent gannett's stock leaping 35%, a five-year high. good for them. warren buffett berkshire hathaway owns 1.74 million shares of gannett. that means he made nearly $11.8 million today, if he cares or notices that is nothing to him. meanwwile losing money today, investors in coty. the perfume giant is behind brands like calvin klein. the ipo is the third largest in the u.s. this year and its stock debuted today but investors apparently smelled something a little sour. shares closed down 1% there. making diva-sized money today, beyonce.
she is currently performing her mrs. carter show world tour in the u.k. ticket sales are so high the tour is now expected to take in more than $100 million. put a ring on that? another bump in the road for the keystone pipeline. a former transcanada employee speaks out on what he calls shoddy practices at the company controversial and highly politicized keystone xl pipeline. he testified to a canadian senate committee there is a culture of noncompliance that ignores legally required regulations. if true, that is certainly not good news for canada or the ultimate future of the keystone pipeline. joining me is the man behind the allegations, former transcanada engineer evan bokes. welcome to the show. >> thanks for having me on. melissa: why are you coming forward with this now? you have known about a lot of these details for the better part of six years. so why come out now? >> well, it's not about now. this has been a very slow
progression. the, for instance the first tile he talked to the regulator was in march 2007 ven. so, this has been a long time coming the reason why you're hearing about it now is because i got mainstream media coverage as a result of the canadian senate hearings. melissa: so, tell me, what is it precisely thaw say is wrong with pipeline? what has you the most concerned? >> well, to me it is all about compliance because when you, if you're basing your construction practices on risk, then you put people in a corner when it comes to compliance. some people have to make decisions that they're not comfortable with and they can't really take accountability properly for and that is actually the basis of it. melissa: we talked to people in the industry that were unrelated to this specific project, specifically john stude from association of oil pipelines. he basically made the case there are design requirements. how thick the steel needs to be.
what kind of steel. how to perform the welds. what kind of procedures, temperature, basically there are so many regulations along the way that are standard practice. that it would be impossible not to comply with them. that there are people out in the field. basically saying that what you're saying doesn't really ring true, that it wouldn't be that possible. how do you respond to that? >> well, having codes and regulations in place is one thing. doing it is quite another. i think my evidence i gave to the canadian senate absolutely proves that talking the talk and walking the walk are two different things. melissa: i mean in response to all that canada's oil minister, joe oliver, said that, 99.99% of all the oil going through u.s. pipelines has is going to through u.s. pipelines has been delivered safely. if what you're saying is true, how wwuld that be the case we haven't seen anything happen? >> we're talk about the difference between risk and compliance. the reason why i did that, my focus was to make sure that
people that were supposed to be able to do their job could do their job. if you want to operate in a factor of safety, you could still operate your pipeline and still have a very successful pipeline but it doesn't change the fact you're not in compliance. melissa: so, what are you, i mean what is your bottom line on this? do you feel like america shouldn't go ahead with keystone xl pipeline? do you feel like it should be a different company that transcanned can't be trusted? what is really your takeaway? >> i think what is happening in texas right now is showing that transcanada is still not stepping up to the plate as far as compliance goes. and i would really uuge the feds to step in and make corrections. my testimony at the state senate hearing was, involved the new learnings, you know. we have had some, fairly extensive experiences apyet we take nothing and apply it to the new, to the new pipeline. we are still doing the same old
problems the same old way. melissa: transcanada has responded to what you said. they said they had had an internal investigation they emimmediately cooducted as a result of your allegation. they found most of the items you raised had been identified and been resolved at the time of construction through routine quality control process. this review also confirmed the issues never compromised the safety or up integrity of the pipelines. the results of the review were shared and they want to make it clear you were not terminated for speaking out againstt3 raising, raising those concerns or for speaking out. what do you think about that? what do you think about their response to you? >> that is a fairly extensive response and, i would, encourage transcanada to share the responses of that internal audit with public like i went and shared the documentation with senate. certainly what i gave to the senate doesn't support what they were talking about. and they had multiple reasons to, to terminate me after i created that much trouble for
them. they can pick one. it doesn't really matter. there are some reasons that they could pull out of the air. but the reality is they know what i did and they know why i did it and, and same people that are in charge of the keystone pipeline right now are the same people that were the people that who have put projects in compliance before. so -- melissa: why woold you come, there are big groups in the u.s. that are against this pipeline and are loud and have very loud speakers and megaphones they can hold up. why wouldn't you come to some of those groups in the u.s., to say here, i have evidence that this pipeline isn't safe? seems like you could get out your message loud and clear? >> well the big thing, i don't think that it pose as problem. i'm not a dirty tar sand sort after guy. i believe we should pipelines. i believe we should build safe pipelines. people want you to polarize to the eggs dream anti-pipeline or extreme pipeline. that was not my point ever. my point was you should build
them safely. melissa: thanks for coming on the show to share what you have. we appreciate your time. >> thank you. melissa: time for the fuel gauge report. it is an energy story big enough to stand alone. u.s. oil production saw the biggest increase in its history last year. this is according to a new report by bp. u.s. crude output hit 8.9 million barrels a day, soaring a million barrels from 2007 ven. i never thought i would see that. the production surge was the largest in the world. shale formations in north dakota and texas are mostly to thank for that. the report says u.s. production is also helping stop a spike in global oil prrces. all right. next on "money," looks like something from "star trek" but this new device could be a break-through for the health industry. a smartphone may be the only thing you need to track your vital signs from now on. the man behind it is here. "piles of money" coming up. ♪
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saying that there's a 60% chance of a global recession in the next three to five years? that's a scary prediction. and the world bank is forecasting slower growth, even slower global economic growth. so how much trouble is right around the corner? joining me now, brian wesbury, first trust advisors chief economist. we also have sam stovall, s&p capital iq chief equity strategist. thanks for being with us. brian, what do you think about the grim economic forecasts? >> you know, melissa, great to be with you and with sam and, you know, anybody can make a forecast about anything. melissa: sure. >> it is always potential in the economy that bad things happen but i just, i remine people that over the last four years everybody has been waiting for 2008, 2009, to come back and i just think the odds of that are really slim. to have a true global recession, it is almost like everything has
to be synchronized. when you look around the world we're not synchronized at all. i think the, the previous recession before 08-09 that really took the whole world down was back in the early 19 '80s, late, 1970's. this is a 30 year apart experience. melissa: you're not buying it? not buying it. >> i'm not buying it at all. melissa: that is you being cheerier than usual. i'm surprised about that. sam, what do you think about all that? >> i guess my first thought when somebody says there is 60% chance of something, that's almost a pretty good run on join flipping. >> that is good point. >> also when you think back to 1900, the u.s. economy has lasted only 44 months on average, so we're already four months beyond that, since world war ii. the average age of an expand shun before it falls into recession is 57 months.
so only about nine months to go from there. melissa: yeah. >> so when somebody says we could have trouble three to six years from now, my thought is, well, okay, tell me something i don't know. melissa: still, i mean, brian, the world bank predicting that we'll see 2% growth. that seems both horrible and optimistic? 2% at this point is, to me, feel like more than we can hope for and it's a terrible number that will not help very much. maybe that is why we saw the nikkei plunge 6 1/2% overnight. >> yeah, i mean it may be. the nikkei, the japanese are throwing, understood dells at the wall to see what sticks and, i think the run-up in their stock market was a lot overdone. you know, 2% is about what europe is experienced for the four decade. melissa: oh. >> that is nothing new either. just to go right back to what sam just said, tell me something i don't know. melissa: okay. >> all of this is priced into the market, everything, whether the worst prediction or the best prediction, it is all price
understood the market. and what that tells me we're more likely to have an upside surprise he think in the future rather than a downside. melissa: you think? i don't know about that. sam, do you agree with that? it is all price understood the market. i think ben bernanke is what is priced into the market and i don't know if the market is really thinking about the fact that we have this kind of slow growth out there? >> i was going to say, melissa, can't you hear me nod my head? i do think if there is a surprise it would be to the upside not to the downside. -@melissa: why? >> let's face it. going back to the beginning of this economic expansion in june of 2009. it at best has been described as a half-speed recovery where we typically only been reaching about half of what we normally see in each of the four years since world war ii. melissa: your upside surprise is in economic growth or stock appreciation? >> i think one will lead to the other because now we're going through what i call a painful metamorphosis. sort of like the cicadas
sledding their skin. we're going from liquidity-led bull market to fundamentally driven one and we'll need economic and fundamentals to allow investors to feel confident that the economy can stand on its own two feet. melissa: we are going to need the economic fundamentals but i don't see them coming. brian, you see the economic fundamentals coming from where? shale revolution? >> retail sales. the whole world was expecting 3 or 4/10s. we got .6. isn't this the story of the last four years. melissa: .6 is .6. >> .6 times 12 is 7.2. that is pretty blockbuster if you add it up over a whole year period. we haven't had that over the past year. incomes are up about 4% from a year ago. retail sales are up about 4% from a year ago. so, sam's right, it's a half-speed kind of thing but
when you look at it, the u.s. is about to become energy independent. i mean, give it next three to five years. we, you know, if i were opec i would be worried about a recession. not america. melissa: yeah. okay. >> we have some of the greatest technologies that we've ever seen. the cloud, the smartphone, the tablet. this stuff is real and that tells me that we could have an upside surprise. melissa: i love a cheery brian wesbury. i will leave it on that note. thanks very much i appreciate it. >> my pleasure. >> great to be with you. melissa: turning to a medical break-through, one company invent ad product can change the way you and your doctor monitor your health an wellness. could have huge implications everywhere. silicon valley based company has developed scout. a all in one device gives you vital signs, temperature, heart rate, blood ox, more than that in ten section right on your smartphone anywhere you are. here to show it off is the founder and ceo. welcome to the show. why did you think there was a
need for this device? >> well, so in two thousand five i found myself in hospital with my son and basically when you arrive in the hospital it is actually never by invitation. melissa: right. >> always there by shock. and you see suddenly around you all these monitors and all this data. melissa: right. >> and then you actually see that you never know anything about it. so -- melissa: all that information is kind of never brought together in one space. >> no. melissa: they almost never shape to you what it all means. it is important enough they're willing to weak you up in the middle of the night to do all the tests again and disturb you when you're finally getting somm rest. it must be important but they don't really share it with you. >> yeah. melissa: you were saying i was read. i had two sons born and went into the nicu, went through all the information and all the information and you go home and there is no information. you think there's a need at home people can benefit from this.
>> yeah. melissa: why? why do you need to know what your blood oxygen level is at home? >> i don't see the sense when you're dieing you get all this information and when you're alive you get nothing. melissa: yeah. >> should be the other way around. i think indeed, knowing all these parameters like, oxygenation and your blood pressure, diastolic, your temperature, it may be like boring details but in the home they are vital signs are medical help is built on. melissa::yeah. >> we're still following averages after global body that doesn't exist. so, this is not personalized. >> show me the device. let's get started. let me try it right here. >> so, you know, take your left hand. put your finger and thumb on the device. yes. >> okay. i have to hold still and not talk while i'm doing this while% i put this to my head, talk to me about the process of becoming a businesss how much is this going to cost and how did you raise the money
and what do you plan to dooover time? go. >> as you see, you put it on your hand..3 you see already the ekg and the ppg. it is scanning. so, we will now wait for the six vitals, that it is going to, to take. so the, we are up, it is there already. your heart rate is slightly up. as you can see. you know,. melissa: okay. 98.6. perfect. so i don't have a fever. luckily my weight is not on there i was happy about that. it went dark. i was going to be furious with you if that was on there. that was quick. it works. >> this is the prototype. we are now feeding in all the algorithms. as you see, the six most important -- vital signs are there. >> vital signs there there.
melissa: will cost $200. >> 199. melissa: that is very different than 200. >> i learned that in marketing. >> exactly. that is lot of money. do you think there is a big market for this for 200 bucks. is there anyone out there that does anything like this? >> many companies do little portions of this, but there is nobody who actually puts it all together an says, like i'm going to put, like a hospital in your phone. and by, and, the answer to your question, are people going to pay for it? we started a go-go campaign which is still going on. we're making like one person every minute that -- melissa: ingigo is a way to raise money for a new venture. you said give us $200 now and when we get the company up and running we'll give you one. the goal was $100,000 but you raise ad million when he is it coming to market. >> first quarter of 2014. melissa: thanks very much.
i'll just keep this one. i'm kidding. good luck to you. >> thank you. melissa: up next on "money," big tobacco make as big come back on tv. e cigarettes raise a big storm. twitter me if you know who that is we'll have a contest. how long will it be before they're pulled from the air, these ads. at the end of the day, it is all about money. ♪
♪ melissa: smoking on tv has been banned for about 40 years but those images are making a come back in commercials in the form of e-cigarettes. take a look. with blue you could smoke at a basketball game if you want to. how about not having to go outside every ten minutes when you're in a bar with your friend? the point is you anywhere. melissa: they are currently unregulated but are they risking a tv ban just like traditional tobacco? attorney heather hansen. i feel the companies are in a weird spot. if they do ad where they show how cool these ecigs are and make them cool they risk getting
banned like tobacco. if they say it is healthy and great alternative the fda will swoop in and regulate them. is that absolutely right? >> you're absolutely right. they have been regulated as tobacco. there was a case in 2010 the company fought against being regulated as medical device because they wanted to get into the country. the court said they have to be regulated as if they were tobacco. they could be pulled from the airwaves as soon as fda decided they would want to? melissa: do you think they would do that? >> absolutely. you read the stuff about the cigarettes. people are huge fans of then. help ad lot of people to quit smoking. seems to your point if they were to market them as devices they would be able to advertise them. but right now, if they're marketed as tobacco they're a gateway for children. the fda under the tobacco controlled act of 2009 has the right to control the way tobacco is market. the way they are classified as
tobacco and instead after device they will have trouble with advertising. melissa: if you had to pick your poison so to speak, what advice would you give the guys? would you say go ahead and let yourself be regulated or, go for fda approval then try to market yourself as a quitting device? what would you tell them? >> i think that is the way to go to have less regulation. the tobacco act of 2009 was found right around the same time as this case. so i think that the e-cigarette companies didn't know what they were in for. there is so much less regulation with regards to the drugs as far as addertising. for tobacco there are greater regulations. they already said you can't smoke these on planes. you can't have them on trains. so the transit authority has already stepped in. the fda is not far behind. if i were working for the e-cigarette companies i may really consider being marketed as a device so you have the opportunity to advertise and people are, i mean it is already, the word-of-mouth has already grown these so far they
say by 2023 there will be more vapors, what people who smoke these are called, than smokers. it's a growing, growing business. i think people who use it to quit smoking are the largest percentage of people who use it. melissa: oh, absolutely. seems like everywhere i turn, these things are around. they're especially being advertised a lot. so that is certainly expanding word the mouth. would you advise them to do something like some type of3 disclaimer? like only meant for adults to try to fend off the kid thing out of the gate? >> they're going to have to. melissa, they're part of the 2009 law against tobacco. you can't have flavored tobaccos. the reap for that because they don't want children to be attracted to smoking. these come in flavors. there is water mellon, pena colaud today. it will be really difficult to say they're not marketing to children. i think the best bet to stay away from all of that to be marketed as a device. they have to go through as you already stated the steps to do that and application. if they want to continue to
advertise, continue to have all the delicious flavors they talk about, they will need to change the way they're regulated for sure. melissa: it is really true. when you see the flavored things i get nervous. kids made it pretty uncool to smoke. to do the flavor thing starts to get them back in that territory. heather, thanks for coming on the show. appreciate your time. >> thank you. have a good day. melissa: up next on money, you don't need et to make your bike fly any longer. a new prototype paves the way for flying bikes. i'm sure this will end well. all the details in "spare change." don't go away. you can never have too much money. ♪ (announcer) trade knows our trade
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i bet they did. no arrests have been made yet. what do you think was going on here? i wondered, do you might to bring that up in descending a right back. >> in the supplier called paulo escobar incorporated? ides think -- i hate to think what happened to the person he said that box. melissa: he was sent in a box somewhere else. >> exactly. >> that's a phone call i would not have made. know what, missed a baena shipment and leave it at that. pandora's box. >> no pun intended. melissa: i would have immediately send someone to pick up that box to me immediately if not sooner. now on to the next motta transportation, flying like. three czech companies have partnered to create -- it flew for five minutes. the creators say it needs a more powerful battery before humans can take off. how long the think it will be before we are commuting, this to work. if the mayor was in charge of
this he would make the batteries solar powered. >> i suggest people look into this thing called an airplane. i mean -- melissa: why fly around on a bike. >> how are you supposed to parallel park that? melissa: de you have one of those of home? >> i am an avid cyclist. it's bad enough being on the road and playing dodge ball with cars. thing siesta figure out. i will tell you this. you're going to do it in the air. melissa: new jersey governor chris christie made an appearance on jimmy phelan last night. he did not disappoint. went on to explain why decided to hold a special election. watch this. >> another unelected politician just sitting around.
whether it is in the senate aad house representatives.3 >> when he sits around the house of representatives he really sets around the house of representatives. melissa: white does it always have to be the fat jokes? >> one way to garner some votes. impersonate a factor, wider barry white. melissa: are you a fan or is he did to you, like so many people? >> i'm a huge fan. self-deprecating is the best. quite frankly, he is really taking a lot of shots will allow the people on his weight. you know what, it does not matter what your sizes. if you can run, that is what
counts most. he appeals to mess america. melissa: he was really funny. on and on and on and he did a great job. he is a really great sport. he won a long way to fixing that thing he did back in november that we will talk about. major cutbacks. 3g teamed up with warren buffett will likely cut the company's fleet of corporate jets. there's one. how can you et rid of that? also bringing in a new ceo to get hundreds of millions of dollars. you can't -- that's not really their plane, by the way. this is a fun little thing that was made. >> librarian at the gay all over again. essentially that is what these guys do. they want to trim the fat. flying commercial, the
executives -- >> the private equity gas? they never fly on regular planes. executives. melissa: we have to go. that's all the "money" we have for you today. we will see you back here tomorrow. here comes "the willis report." ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" is america letting down our heroes? veterans claim they're waiting years for benefits. also, young people and obamacare we are investigating the impact for this group of americans. and don't sweat to the summer heat. take the steps now to lower your electric bill. we're watching out for you tonight on "the willis report." ♪ gerri: let's get right to it. our top story tonight, broken promises and corruption plaguing our nation's brave men and