Transcripts For FBC MONEY With Melissa Francis 20150415 : vi

FBC MONEY With Melissa Francis April 15, 2015

Book says quote, weakened Manufacturing Activity was attributed to strong dollar, Falling Oil Prices and harsh Winter Weather. Here is some good news. The report noted many districts savings from Lower Energy Prices are driving retail sales this cycle as is improving weather situation. Melissa. Melissa wow, peter barnes thank you so much. Lets look at market reaction. Stocks near session highs. The dow is up almost 100 points. Bring in todays panel. Our very own charlie gasparino. John lonski moodys chief economist. John, i will start with you. You are the economist. What do you think of that . Looking at beige book we have need for very low borrowing costs. We have modest growth despite federal funds melissa we have need for Lower Borrowing cost . It is not working. Imagine what if they were higher when what we would look at. Things would be going downhill pretty quickly. Look at housing. We had a stretch when we had 10year treasury yield approaching 3 . Home sales are down yearoveryear because of higher mortgage sales. At least were pet getting growth. Some growth. Melissa john lonski, i love to you to death. The counter factual is bs i never let anyone say that. You cant say if we didnt have it would be worse. Speaking of bs, departing with the Winter Weather john, maybe you can back me up on this, some sort of economic study about this last year, this year, oh, my gosh, the economy slowed down because of Winter Weather. It is winter. It snows. On the western half of the country it was pretty summery. I dont buy this Winter Weather. Data is seesonally adjusted. Well have zero percent economic growth, gdp growth probably in the first quarter. Melissa you think it is really going to be that bad . It could be. Atlanta fed is saying 0. 1. Revised up from zero. You will raise rates in that environment. Melissa i think it is not doing anything . Will you propping it up. Melissa get to a story i like even better. U. S. Capitol Police Investigating a gyro copter landing on grass sy area of the west lawn of the u. S. Capitol. It is similar to helicopter. It had a person inside. From here that may look like a toy but there was a guy inside or gal im not sure. Nearby streets are closed. Tom sullivan, youre the pilot in our group. That is gyro copter. That camera angle doesnt show very well, but it looked like logo of the u. S. Post office was on it. Im thinking prankster an april 15th making some sort of tax protest. First of all entire capital area is shut down. Flight restriction, nothing can fly. Somehow this got through an penetrated radar that is supposed to protect the capitol the white house and all government buildings. Melissa that makes you feel good, doesnt it . Like keystone cops. Didnt the guy jump over the fence to get into the white house . Melissa this is somebody flying a helicopter. This could be a terrorist. Is not but could be something if youre able to fly that close . Theyre very unstable. I dont like them. Think theyre unsafe. Have you been on one of them. Ive never flown a gyro copter. You can fly one around 1000 feet in the sky if you want. Oh god. Im telling you seems like the president of the United States should be protected at all costs. Some moron in a gyro copter can get in there seems insane. Melissa what about protecting congress what do you feel about that. I dont care. That is another story. Melissa i thought you might say that. Meanwhile from the nfl star to life behind bars, former patriots player Aaron Hernandez was sentenced to life in prison with no chance of parole today after being convicted of firstdegree murder in the 3030 shooting death of odin lloyd. Pretty amazing. I mean they had no eyewitnesses that he pulled the trigger. I know a lot of people in the patriots organization. I know mr. Kraft. Im not best friend. Acquaintances. Im a pats fan. This kid came to them with bad record. Shows you, listen as we attack the Capitol Hill Police or whatever letting that thing through nothing is 100 . The pats have one of the best organizations in football. This guy with a very troubled past, not just troubled, this guy was a bad kid, slipped through the cracks and was a star. Melissa because he had incredible talent. More than slipped through the cracks. Had 40 milliondollar contract. Money talks. But they actually do look at the player player themselves. He was even able to fool him they cut him the day after the arrest. The nfl is under a lot of pressure to clean up its act. This isnt fair because this would abroad brush. This is the outlyer. Nfl players are rough tough, aggressive. They dont go around killing people. Melissa john lonski, i dont want to be chastened because i didnt like your counterfactual. I love you. I couldnt let you get away with that. This guy is high salary, takeaway money can not cure all problems. Melissa i love that thank you good one. Tax day has you shaking your head how much you paid last year, youre not alone. Im furious about it way. Fox poll shows Record Number of americans feel the same way 63 say their taxes are too high. I want to know who that 2 says it is too low. Buffett. That is up from a previous high of 54 in 2012. Statistically insignificant. Plus or minus three. Melissa i guess. Obamacare new burden recognize are the biggest factor in yearly cost of 234 billion as professionals lose 6 billion hours weeding through the tax code. There is so much about this appalling. I want to Say Something good about the irs. Melissa youre not allowed. No, no no. Irs are greatest people in the world. You have been audited again, havent you . Melissa you cant say that today. Im so furious, so furious about my tax bill. 63 say it is too high, john lonski. I happen to agree with them. Reason why they feel this way, mostly because theyre disappointed what theyre getting for their money. That is what is so troubling. What do they give us . They give us obamacare, prior to that. We had the federal government, fail to stave off a financial crisis. We had problems in the middle east over problems go on and on. Incompetency applies to both parties unfortunately. People have no idea how much they pay in taxes. Maybe even, a few of them know the bracket but most of them dont have any clue how low it is compared to those kinds of numbers. I think were overtaxed but we pay a lot less than people think they owe. Melissa what . Yes. Melissa no. Here is what i think. Should abolish withholding and everybody have to write a check and pay the bill to the government every month. Amen. Melissa so you feel the pain how much much your wages is going to the government. And, because they withhold it. You dont really realize how painful it is. You know who started that . Melissa when you write the rent or mortgage, should write a check to the government so that you see that it is your biggest bill and biggest liability every month. That would cure this problem. Then you out there would start to care about how much of our money is going down the drain in washington. God it makes me furious. Today should be election day as well. Melissa yes, i like that. The guy who started withholding advisor to fdr. William macy of Macys Department store take the money at source. Youre in in a bad mood today. Im in good mood. Melissa im getting hot and flushed. Turn up the airconditioning in here. Im just you know why im in a good mood . Melissa why . I saw veronica vain at moochs party. Melissa all right. Shocker from europes central bank a quiet press conference disrupted as a girl jumps on to Mario Draghis desk and dumped litter on his head. The woman was quickly restrained eve leaving the ecb startled but unhurt. Linked to a radical feminist group. Falsely registering as journalist. I have to tell you this makes me a little bit sad, john lonski, no one in our country is passionate about Monetary Policy. This would not never happen here. Remember, they have negative bond yields, negative Interest Rates in europe. This is what happens when Interest Rates are below zero. When you as investor have to pay money for privilege of lending. Lets be clear. This is concerted effort by the left. This is not just monetary policies. Theyre attacking establishments. Bill bratton walking through times squares square through red paint. He is Police Commissioner of new york city. Radical left in this country is more radical than the right this country. They attack public official. Goes to the security question about the gyro copter. She registered as a journalist from germany. Ed koch someone tried to throw a pie at him and grabbed the guy. That is the appropriate response. One of these clowns come at you, knock them out. Melissa take opposite point of view. We should be this passionate about Monetary Policy and tax policy. How come you dont throw stuff at people . Melissa i might. I might think about it. Im really mad. Nuts on right like you are not as nutty as the nuts on the left. Melissa im not getting nutty there. They were called the tea party. Called every name in the book. They are not nuts. Melissa protesters hit the street as wage rage spreads across the system. New system that could be stealing their jobs while theyre away protesting. Youre not imagining things. Airplane seats are getting smaller. Even feds are getting worried about that one. More money probably higher taxes coming up. Melissa fight for 15 an hour. Workers across the country staging wage protests for higher minimum wage. This is more than a food fight. Fastfood employees, home care, airport and other low wage workers. This is edgar gonzalez. He is mcdonalds employee. He supports the movement. What do you hope to achieve . Were here in los angeles. Were waiting for people to gather. Were expecting thousands of people to come here and march throughout the university of southern california. Well be joined by students and professors and just general workers fighting to make a living wage. Melissa i understand that youve been working at mcdonalds for the past two years. That you are a Maintenance Worker and a cook and youre looking for a higher wage. Have you thought about trying to find a job somewhere else that pays more . Have you done that . Yes i have actually looking right now. I want a better job. I dont want to leave my coworkers behind. There is lot of workers that have been there 20 years. That is all they know how to do. Why not provide them with living wage and some benefits, are you worried about the fact, seattle looking to raise minimum wage to is a dollars an hour. Nonpartisan groups, say that could cost that one little area 19000 jobs. Arent you worried some will get more money and others will get fired . What do you say to the guy that gets fired . That is why were fighting not only for 15 an hour but a union. If we get those 15 and hour, they will start cutting hours and try to do retaliation against us. They will try to fire us. Were fight to unionize as well. Not only is a that were asking for. Melissa the other thing they will do, replace you with automation. I dont know if youve seen well talk about this later in the show. Olive garden has gone to tablets, applebees outback chiles, all the restaurants are replacing ordering with you, with ordering with a computer. Doesnt that concern you . No. Not at all. Like i know that customers before customer service. It is really it is really complicated when youre dealing with a computer. That doesnt concern me at all. I think that there will always need workers and when machines run down, they go out easily. A lot. 9 an hour is not enough for tuition and pay rent and buy diapers. It is really hard. I cant do it. Melissa no one can argue with you on that front. Edgar, thanks so much for joining us. We appreciate your time. Good luck to you. Thank you. Melissa as workers fight for higher minimum wage automation is coming. Olive garden is the latest restaurant to roll out tablet ordering system. Here is todd starnes with fox news radio. John lonski is back as well. John, let me ask you a economic question at first. This is what hurts me. You heard edgar talking about the fact that he want as higher wage and he said he is going back to school to learn a skill. Political science. I mean, this breaks my heart. I dont know what job he thinks he is going to get with that degree. God love him for trying to get education to get a job to not work at mcdonalds, but can you tell me where the jobs are in this economy . Are they in Political Science . Unfortunately he is probably wasting his time and money going for Political Science degree. Melissa that breaks my heart. That is very sad. What youre looking here in part, the argument over minimum wage stems from lack of upward mobility. That is what is so troubling. People are trying to train themselves to get into an education are worst possible area. Melissa go ahead. Cold hard, reality, who will pay 20 for chalupa at taco bell. That will happen if you force higher wages on fastfood restaurants. Folks will not pay that kind of a money. I remember working in school. I worked at popeyes Fried Chicken in high school. I had to work a second job. You do what you brought to do. Melissa im sorry. Dont mean to cut you off. We have breaking news right now. We have new information on the gyro copter that landed on grassy area of the west lawn in the capitol. I want to bring in blake berman on the news. What do you have blake . We want to be very clear off the top, we do not have any confirmation at all who may have been flying the gyro copter. Nothing official with a name. Ive been watching video posted on Tampa Bay Times on website, article video, very preproduced, highly produced in which a name by the name of doug hughes from the tampa area, 61 years old, sitting in front of that exact same gyro copper, lays out exactly what he is going to do here. Im quoting. He says no sane person would do what im doing. He says he is not suicidal but what he says he wants to do is to draw attention to Campaign Finance reform. He said he would deliver, you saw the u. S. Postal service there on the background, this doug hughes is a postal worker. He said he would deliver 535 letters addressed to every single congressman based on Campaign Finance reform. So if this is indeed the same person, from this highlyproduced video, it appears to be a postal worker from tampa. Melissa. Melissa on Campaign Finance reform wow. Campaign finance reform. Melissa i was mad about tax policy today. Maybe im focused on the wrong issue. Blake, thank you so much for that. Wow. The verdict is in. All details as the Aaron Hernandez trial finally comes to an end. More money, a lot of answers coming up. What say you madam foreperson, is the defendant not guilty, guilty of murder in the first agree or guilty of murder in the Second Degree . Guilty of murder in the first agree. Melissa that was scene in massachusetts courtroom earlier today when former nfl player and super bowl champion Aaron Hernandez was found guilty of firstdegree murder in killing of odin lloyd. Hernandez faces life in prison without the possibility of parole. Fox news legal analyst lis wiehl joins me on this one. They didnt have eyewitness for him being the one that pulled trigger right . They didnt have direct evidence, eyewitness that sees something. They didnt have the gun. They didnt have a gun that actually killed him. They didnt have bloody fingerprints any of that but they had great circumstantial evidence. They were able to put together they being prosecution case brick by brick based on all the circumstantial evidence. They had pings on the sell towers where he was taking this rented car. They had dna evidence. They had a joint at the scene there. They had a piece of gum with his dna on it, near the casing of they had a lot of evidence. Melissa video of him coming back, gun in his hand in the video . This is Video Surveillance of his home. When he after the killing there is video of there is surveillance of something that could possibly be a gun. But there was also a witness his fiance, testified day afterwards he told her to take a box. She didnt know what was in the box. She didnt open up. Also one of the codefendants. There was a lot of evidence. Melissa the other two codefendants they never, do we know their story . They did not testify. They all pled not guilty. They are growing to be. They have trials coming up. So i think that the prosecution thought that hernandez was really one most culpable. You can see that, set one that rented the car. He is the one that had the fight with lloyd. He is the one that paid one of the defendants if you listen to melissa obviously didnt need to why didnt they grow to the other two guys to try to get him to flip on him . That is the problem. You cant necessarily do that you have to try to get them to flip. If they dont flip hernandez is pretty powerful guy. If they dont flip. There is nothing you can do. Cant compel the testimony. They may lie if you compel their testimony. Melissa just amazing. A career mid 20s. I know. Melissa spend, 60, 70 years in jail. 40 million down the drain. People talk about appeal on this it doesnt matter in the sense that he is facing two other murder charges in different district. Melissa lis, thank you. Sex, drugs dea agents. The scandal takes a turn for the worse where we look at your tax dollars and mine are really going on this tax day. It is killing me. Swapping a brownbag for a doggie bag. Why more americans are spending dollars on dining out instead of stocking up the fridge. Piles of money and some snacks coming up. Its more than a network and the cloud. Its reliable uptime. And multilayered security. Its how you stay connected to each other and to your customers. With centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services all with dedicated responsive support. With centurylink as your trusted Technology Partner youre free to focus

© 2025 Vimarsana