Is always about money. Melissa our top story tonight, it is the holy grail of the energy industry. How to store electricity once it has been produced. Like saving solar energy for a cloudy day. A new project with giant mirrors in the arizona desert is currently catching the heat from solar panels and holding it so it can be used anytime you need it. The process is very closely watched by experts as a possible gamechanger. Here to explain is pat dinkel, from Arizona Public Service the company with the cuttingedge technology. We have nick lori is from the heritage foundation. Pat, let me start with you. How does it work . Explain it to me. Melissa, you did a nice job at front there. Melissa thank you. That is good thumbnail. Really traditional generation uses a lot of it uses steam to turn turbines to create electricity. It is helpful to think about that rather than photovoltaic solar energy. What this does is use about three miles of large mirrors to heat up an oil and create steam then which with the use of a turbine. To your point the big thing about this, im really excited about is in the middle of that process are large molten salt storage tanks which allow to us use the steam whenever we want. We have flexibility. That is not something you traditionally see in renewable energy. Were very excited about that. Melissa that is the problem. When it is very, very sunny solar power is fantastic. When it is nighttime or cloudy it is not. The problem they always say you cant store it to save for other times the same problem with Wind Turbines. How expensive is this . That sounds like giant mirrors, sound very expensive. You know, generation is expensive. I think it is easy to miss that when we look at cents a kilowatthour for the electricity we use at home turning off lights. But all generation Going Forward is expensive. The nice thing about this there is really great value in the solar power plant. And the reason being is, if you look at the southwest united states, we peak at about between 5 00 and 6 00 in the summer when people have their airconditioning running and turning the lights on. Businesses are running. Solana gives us flexibility. Can run full out at 5 00, 10 00, and midnight. The other Renewable Resources cant do that. So it is a really great value for us because it gives us the flexibility we get with traditional resources but we get a renewable resource. We dont have to worry about changes in gas prices. Dont have to worry about environmental policy changes. Its a great resource. Our customers are demanding it womb very happy and exciting to put this in our portfolio. Melissa solana is the name of the project x in case people didnt get that from what you are saying. You have tremendous amount of sunlight, very strong sunlight. Where else do you think this is a great idea . Your question is a good one, melissa, because Renewable Resources a very much a regional situation. Melissa yeah. You have to harness what you have. Thats right. But you look at the different resources. You know you talked about wind in your intro. Winds a fam noll resource in certain parts of the country and they can produce electricity very inexpensively. Arizona is not the best place for wind but were a tremendous place for solar. Other places will not be as good for solar. We have to look at it kind of relatively. New jersey obviously has done a lot with solar. Certainly though in the west and southwest, solar is a something of a nobrainer. Photovoltaic panels have decreased. Solar thermal technologies continue to evolve. And it certainly makes a lot of sense in the south and southwest, there is no question about it. Melissa pat, thank you so much for coming on. It is really interesting stuff. We love the technology. Thank you. Thank you. Melissa lets turn to the Energy Economist for the heritage foundation. You heard everything that came before you. I want to drill down on the dollars and cents what he is talking about but i respect the technology but it has to have price parity in order to make sense for people at home. What do you think of the dollars and cents behind this . Well so far solar is lagging behind on the dollars and cents. If you look at current cost of energy as well as projected future cost of energy, natural gas and coal are much cheaper, sometimes twice, solar is twice as expensive as thee sources of energy, not to mention nuclear and even wind are cheaper. So it has a long way to go to reach cost parity. When it will reach cost parity they wont need subsidies to artificially prop up their industry. Melissa sure, without question but does this get you closer . Were looking cost of building operating a plant on the screen. This is new technology. It is one reason it would be so much higher. Solar thermal, 26. 2 cents a kilowatthour. Based on building a plant at 2 billion. Regular solar is much cheaper, 14. 4. A lot has to do with initial buildout and technology. Coal though, still way cheaper, 10 cents a kilowatthour. And natural gas with all the fracking just has become so cheap. So does this get them closer, solar . Does this get solar closer over time to finding parity if you can store it . You. Know i think it does get them closer in the fact that theyre dealing with this problem of intermitt ansy. This hopefully can resolve that. But theres still a long way to go in terms of reaching cost parity. As you mentioned these statistics come from Energy Information agency, a Governmental Organization that doesnt is any stake in the game which Energy Source succeeds or fails. So i think that it still has a long way to go and again, the more innovation that occurs the more entrepreneurial activity that comes in the renewable sector is a good thing but again, there are other reliable, affordable Energy Sources out there that it has to compete with. Melissa absolutely. But should investors be excited about this . They are, i want to give them credit. They are tackling one of of the biggest problems that has been out there with Renewable Resources. I have been outstanding at Wind Turbines where youre looking how much energy is generating and it is zero because the thing isnt even moving fast enough to generate enough energy to make up for the energy that is going into keeping it running. So i have to applaud these guys for trying to come up with a way to Harness Solar Energy when it is actually out there and working. Do you think that investors should start to get excited about this or is it too early . I think its a little too early. Im not an investor. So they can make those decisions on their own but when you look at those cost differences, what i want to see whether consumers really want this when the investor tax credits go away, when the loan guaranties go away which solana was recipient. Weve seen failures with the Loan Guaranty Program and some of these renewable portfolio standards go away that mandates a certain percentage of our electricity has to come from renewable sources. What i want to see them compete in the marketplacing to be successful that way. I would like to see innovation. I would like to see costs driven down for renewable sources but it should be done without the help of the taxpayer. Nick, thanks for coming on. We appreciate that. You bet. Melissa we love the technology but want to keep it real from a money perspective. Next on money, steve cohens sec scandal could be ending with a deal in the works. Hard to belief he is caving. Making money in ways you never thought of. South korea as a safe haven . He says yes. But we have five things that you may have never ever considered. Theyre even crazier. Keep it right here. M. O. Money straight ahead. n7 melissa so we can hardly believe it but looks like hedge fund heavyweight sac capital is caving. Steve cohens firm reportedly raising the white flag to the feds agreeing to pay a penalties more than a billion dollars. Details out saying the fine would be biggest ever in Insider Trading case but could be worth it to cohen since might keep him out of jail. Here to break it all down business law attorney seth barren swag. And our own Charlie Gasparino who has been on this from the beginning. Is this over, charlie . Is this the end of the line . I dont think its a big deal. Justice department wants two billion out of him. They want some concession of guilt. This is guilt of the firm. Has nothing to do with him personally. And thats where it ends with this. He wants to give a billion. So they reach somewhere in the middle. Melissa big piece has to do with the sec. That is the big deal. Well see what the about bute driving the bus is not the u. S. Attorney for the southern district. It is the Securities Exchange commissio. They have the hammer that steve cohen fears the most and they did, not even on a civil fraud charge. Did it on failure to supervise charge. Theyre seeking a lifetime ban. Melissa the lifetime ban. That is a big deal. That is what steve cohens lawyers are trying to do. Theyre trying to persuade the sec to somehow modify to take less than that. I dont think they will go for it that will kill steve cohen more than anything else. Melissa seth, do you think a lifetime ban is in the offing . I think thats a great point and it really goes to one of the lesser discussed aspects of this whole story. This is very complicated situation. It is historic and a landmark moment for the Justice Department. It would be as you said the biggsest settlement in this type of case however it is complicated. The only way steve cohen wants to wrap this up if he can mop up all the legal issues into the same settlement bucket. Melissa right. As charlie said has to include probably two things to be happy about cuting a check for 1. 2 billion. One he has to have assurance the criminal liability is dead letter. I know that might already be looking good for him but that has to be put to bed. Two, this sec case is very important. Potential lifetime ban and they have to scoop that into a settlement bucket. These discussions are complicated. I agree everything has to be bought together. I dont think the money is that big of a deal to him. I dont think he is fretting. Melissa there are reports that he is selling two andy wore who paintings to pay legal bills. I have a hard time believing that. I dont believe that either. Melissa doesnt he have enough cash around . Like most traders involved in the art world, they trade this stuff he is worth 9 billion. 8 billion. This is not about 500 million. This is about the lifetime ban. And i think that, and the other thing is, i dont think the Justice Department will ever give him a clean bill of health saying well not go after you personally. I think that will continue. The chances of them going after him personally are low unless someone flips. Looks like matthew mart tome, one of his exportfolio managers is not flip flipping or michael steinberg, another portfolio manager, his trial is coming up in november. We need to ask the sec about, they probably wont comment, this is their thing will they modify the lifetime ban. Steve cohen, i know people that know him, he is telling people that is what is killing him. He wants to come back and raise more money. Melissa seth, do you think there is any chance what serve he avoids the lifetime ban . Seems like he is lucky he will stay out of jail . He will not avoid the lifetime ban. Well i agree with charlie that is an uphill battle but i think its a real possibility. Melissa really . Sure, it is possible. The government, both sides have motivation to make a deal. The government is looking bringing in 1. 2 or 1. 4 billion and in these kinds of whitecollar settlements there is duty of cooperation where they would get an understanding they would get people to roll over on mathew martoma. Melissa dont they have to say we threw this guy out of trading. We went after him. He was dirty. We took all the money from him and by the way he will not manage money again, dont they need that . They do. That is the irony, but dont be shocked if they close the deal. There could be a wrapin with the sec if that is the case not only people point out what you just pointed out irony. Big fish gets away and sandberg and martoma would go to jail. This is just my two cents. Im not an attorney. I covered this for a long time. I wrote a book about Insider Trading but i dont think the sec caves in. I dont think they get anything out of it. Melissa you think they hold out, lifetime ban, agree with you. The Justice Department doesnt care about them. They dont do that. Melissa sec has to throw him out of tradeing. He was just indicted. Justice Department Said it was variable magnet of Insider Trading. Sec says this is firm out of control and you dont ban him from the street . Melissa a lot of people believed that for a long time. People ask me if steve cohen committed Insider Trading . I just tell you this. Everybody that knows about that, every investigator believes he condoned it. Maybe not did it but condoned it or create ad system. Melissa that is how people on the street and people close to this absolutely feel. Guys, thank you so much. Coming up on money, you think heard all the ways to make money . How about south korea as a safe haven . We have five ways to that you never dreamed off. Health inspection horrors, they can kill a business. We have the inside scoop what to do so your franchise is an aplus. Do you ever have too much money . Melissa this is the reason you watch money. Which have our money here. If you think you heard it all all the ways to find big returns, think again. Have you considered south korea as a safe bet . According to analysts from Morgan Stanley it is the new safe haven for investor. Far tamer than what our next guest came up with. Jonas max farris. Cofounder of maxfund. Com. A fox news contributor. I need safe haven for our money money over here. Trying to figure out what to do with it. Korea, italy, not what you would think of. What do you think . Traditional safe havens, switzerland, luxembourg. Everyone knows their safe havens and currencies are overpriced and yields less than 1 . It is safe but wont make any money. Italy is not considered safe. It is considered the next greece but reality it is not the next greece. Get a normal yield, 4. 5 . Melissa why do you think it is not the next greece . Because it is not, ill tell you why. If you ire row fell apart that is the greece risk. They have legitimate businesses to export. They will benefit melissa olive oil or mafia or . Italy deappreciate their businesses will export and ben fit from cheaper currency. Tourist volume would be so high, travel there cheaper. Im not saying it wouldnt be in ruins if they left the euro. They have a doomsday plan better than other countries in the area. Melissa okay. South korea, i dont know that seems like a little bit of a flyer because of the neighbor to the north. Not totally, Dennis Rodman is the least of his troubles. There is that. There is political risk. Consumer is leveraged as you saw in the damsing video where people spend money. Financially melissa is that, like an investment term . Yes, consumer culture spreading into the area. Also good for the economy but has potential pitfalls to investors. Their government though is very sound taxwise, financially, politically, et cetera. So. Melissa i will give you a couple of my dollars for that. I like that idea. Your nex one i think is genius. Forever stamps. Yes. Melissa there is arbitrage in forever stamps. I thought about this people thought about this the rate keeps going up and up. They say you can buy the forever stamp. Buy a million forever stamps. Unless the post office totally goes out of business. We keep propping them up. Seems like that will happen forever. This is shawl investor idea. Not institutional money or hedge funds at the post office. Forever stamp is not indexed to inflation but poster stamp. When they raise a penny this is 2. 7 return. This some cognex day. Load up. Melissa sell them on ebay . You could buy your own, the ones you need over the next few years and lock in. You know you will beat inflation probably. That is a pretty good return. Tips, institutional product, do not beat inflation anymore. They have a negative return. It is hard, say global forever stamp for the big players could buy them for 1. 10. Dont jump around with the 46 cents. Melissa right. Is it illegal to sell them on ebay . I dont know the answer to that but a lot of opportunities are borderline. Melissa that is true. A lot of opportunities are borderline. I love this one, walk around the building if you live in new york and sell forever stamps. Lumber. Will give you something for forever stamp. I like that. Lumber and timber. What is the opportunity there . Okay, once you get into collectibles and things alternative there are lot of problems. Storage costs. Pay collectible tax rate. Then there is half. But if you have the landnd get to it in theory you can plant trees. Melissa that kind of lumber. Big players are going to buy. Just buy land. That is property tax costs and other problems as well. Melissa okay. Talking about you got dead land. You could plant the walnut tree. 50 years later. Got really honk horizon time. Melissa give me last one. Marijuana. Private equity looked for this. Investors have to be down with it. Legal in washington, colorado. I dont know the law. I will say for Small Farmers there will be opportunities. There is already farmer tax breaks. Melissa yeah. Youve got land. I think they will let you grow it on small levels. You have to research this one out to stay out of prison. If you want something that is little more on the level, treasury direct isavings bonds. Individuals buy those. They will always beat inflation. They dont have coupon payments if the government defaults until you cash it in. Like zerocoupon bond. Melissa that is really boring. I will not give you any dollars. Can i have one for the weed . Melissa two for the weed. I want stamps and weed. Italy, i dont know. Smoking pipes. Melissa that is not a bad idea. You are full of ideas. What a genius. Im an investment advisor. Melissa thank you. I loved it. That was good stuff, right . Big news out this week that twitter will be trading on the New York St