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tv   Risk and Reward With Deidre Bolton  FOX Business  October 9, 2015 5:00pm-6:01pm EDT

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i want to thank governor brown. >> all right, again very controversial, not all of the people in the community were crazy about having him come to speak, particularly since he says he wants to politicize the shooting for his own purposes. >> that does it for us on this friday. "risk & reward" starts right now. >> the pentagon making a big strategic shift, abandoning $500 million program to train moderate rebels to fight isis in syria. welcome to "risk & reward," i'm deirdre bolton. officials said only four or five u.s. trained rebels ended up fighting. so this is a far cry from the 5400 projected. the president of the american
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islamic forum for democracy with me now as is retired gunnery sergeant jessie jane duff of the u.s. marines. based on what you know about the conflict in syria is the pentagon's shift to providing support vetted rebel commanders a better tactic? seems like anything would be better. >> yeah, i mean, we need to be on the side of good in this conflict, and today's announcement that we're pulling away from the passive aggressive nothing that we've been doing is basically another whisper in putin's ear, go ahead, you have the green light to do what you want, massacre whatever you want because we're not going to do anything in there. and the most insulting thing is to tell putin, you're entering a quagmire. he's not in there to help solve the problem, he is the problem with assad. they want to massacre populations, they want to allow isis to thrive. they're in there to protect the military regime of assad and their continued decimation of
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the syrian population. so today's message from the white house is just more appeasement, and more signal that america is completely out of the game. the good guys have nobody on their side. deirdre: i want to pick up on the points that you mentioned there with jesse, the idea that putin is not worried about collateral damage. i'm not saying the u.s. is perfect but obviously does try to prevent civilian casualties when possible, obviously, hitting the doctors without borders hospital was a gaffe in afghanistan. you have been in the line of fire. what do you see happening in syria with all of these presences? >> it looks like complete disorganization. we have to recognize, $500 million went down the drain for no results. essentially 54 trained syrians went into fight and many of them were attacked by al qaeda, and essentially they ran,
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overtook a prisnever. they were supposed to get a minimum of 5,000 fighters a year, up to 15,000. what this suggests, you cannot train people to fight your war. you cannot give them the motive and desire. our western ideals are not the same. they did not want to go fight isis. they wanted to defeat assad, and we didn't appreciate that. what it boils down to is the rebels want to get rid of assad because of what he's done to their people, what he's assassinated them, murdered them well over into hundreds of thousands of civilians are dead at his hands and they have been incapable of getting rid of him with minimal or no support from us. deirdre: as far as somebody who has been on the ground, what is your best advice? we often talk about the disconnect, whether it's business or government between leadership and the people who, in this case, will literally be in the trenches, what would you say to the u.s. government? >> what's happened is that this administration failed to listen to the leaders that are in the pentagon. so now we have a situation
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where we have had no substantial improvement or success in syria, and we are now watching what the russians are doing and we can't stop it. what happened with a lot of the missiles is they went into the region of hamas and went into aleppo and shot out one of the weapons depot backed by our own cia. so the russians know exactly what they're aiming for and going after the assad rebels, the ones that want to get rid of the assad regime. they're not going after isis. deirdre: zuhdi, want to bring you in on that point what targets russia is hitting. apparently russia was aiming for a few targets in syria but ended up hitting some in iran. are the russians not as strong as we think they are? >> one of the reasons they're doing this is to get the rust off of their weapons and start to get involved in a hot conflict in order to help a fellow thug, assad, and we have to -- they've denied it but
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they're going to do that because iran is the closest ally in syria. it's interesting, the russian orthodox church is calling this a holy war which is putin's church, on the other hand they're fighting along the khameneist, they're going to package the propagandat way it fits the narrative, and for the american government to say we're backing away from the rebels, after russia decimated the rebels and the depots, we were helping them saying we don't want the implication this is a proxy war against america. we're going to step away and let you put assad back into power. and to say america in 2015 doesn't have the capacity to determine who's good and help this era of awakening continue towards democracy is a sad day for freedom. deirdre: and seems as if the russian defense ministry is just as spinning. they're released pictures that show terrorists in syria trying
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to bomb mosques, but the russian government is saying, while they're doing this to implicate us, and i'm assuming jessie jane that this would be means or motive for retaliation. >> absolutely. this is a classic standard that all is done with many terrorist groups. they hide behind civilians and use civilians to protect them, and then win their shot. they get this international uprising saying this is horrible. and the russians are trying to get in front of that saying we're not touching the mosques. considering the russians are not the most honest brokers in this, i wouldn't be surprised if they blow up a mosque and deny doing it. i don't know if the press conference or release was to circumvent something they will be doing. but they have armed near the mosques and looks like they're going to try to give the impression that russia is attacking their religious places of worship. >> jessie jane is exactly right, the assad regime has decimated 500 to 1,000 mosques
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in two years and isis has also of the shia alawite variety. bottom line russia is going to continue the evil assad is doing and say that's not what we're doing, that's isis doing that and use the propaganda to spin it. deirdre: all right, so glad for both of you. zuhdi jasser, president of the american islamic forum for democracy and retired gunnery sergeant jessie jane duff of the u.s. marines. >> thank you, deirdre. deirdre: on matters closer to home. republicans are reeling after a surprise move from kevin mccarthy, assumed to be the top candidate to replace speaker john boehner. congressman curt coffin was with me last evening. another potential candidate also from florida, congressman dan webster telling neil cavuto how surprised he was by mccarthy's move. >> i think everybody was shocked to begin with. i've been in the legislative
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process for 36 years, never seen anything like that before. >> did you and congressman chaffetz say we're here, let's vote on this now among the two of us who are interested? >> i don't think we had a chance. i can tell you that. even if we had, it was up, done, adjourned, good-bye. deirdre: my political power panel is with me now. ashley plat, fp 1 strategies and democratic strategist julie roginsky, ashley one of the most circulated pieces on politico, five reasons no one wants to be house speaker. why only a fool, hero, caretaker or some combination of all would want this job john boehner wants to vacate by month's end, what happens next? >> you know, i honestly don't know what even happened, which is hard to say what's going to happen next? this couldn't have been better scripted in an episode of house of cards. you saw kevin mccarthy make a
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statement no one was expecting and they are reeling. and there were headlines, republicans weeping, and mccarthy did a good thing coming out and saying this is what i think is best for the party. for once, he put people before politics, which is very rare to see. i think that is the sentiment that a lot of people right now want, and that's why when there is a majority, republicans have it, you start to see more of the factions. when you have the majority, they start to speak up, that's why the democrats their big strategy is to decline everything that the republicans want. the republicans have the power to be able to say, hey, maybe this is better for constituents or maybe this is what we like. so next steps going forward, a ton of great people that are putting their name forward and i think there's going to be speculation as to whether or not paul ryan does get into the race, but it's a high demand job and one that consumes a lot of time. deirdre: julie, picking up on the point, the idea of a fragmented party. seeing on the other side of the
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fence of course hillary clinton as a front-runner, talking about the presidential campaign but sanders, o'malley, we've been talking about the campaign overall as being one of outliers. do the dems somehow look more organized at this moment? >> no question, purely because you can not look more disorganized than the republican conference right now, which essentially is a failed state. they can't get their act together, can't govern themselves. >> julie, what happens when you have the majority and you can't govern yourself. why is bernie sanders in the presidential race? >> excuse me? are you telling me nancy pelosi would have a challenge to the leadership if she suddenly got the majority. >> i don't know, no one thought hillary clinton would have a challenger in bernie sanders. >> of course they did. the republicans are in disarray on the presidential side, too. that's the not point. you have a majority in the republican party but you live by the sword, die by the sword. they got their majority by having a vast amount of people
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not interested in governing. they overpromised and it's no wonder that the tea party turned into the very people -- >> kevin mccarthy did what he thought was best for the party, which is putting people before politics. >> that's not governing. that's not governing. that's not governing, my friend. >> more to follow. >> what governing is passing legislation that can be signed by the president and working in a bipartisan matter. governing is actually passing a budget. deirdre: we have to leave it there. we're going to continue to talk about the strength and the unity of both parties. when we come back, the unfriendly skies. a new report showing your boarding pass can be hacked. we'll show you how to protect yourself. new details for the doomed el faro cargo ship investigation. authorities try to figure out why it couldn't avoid a hurricane? geraldo rivera with me next with what he calls the real answer he says. it was all about money.
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cursing must be in fashion because "gq" magazine going no-holds-barred. giving ben carson a four-letter headline. my next guest says the publication went too far. jimmy fallon taking jabs at the presidential candidate last night. more after this. >> they're saying that republican candidate ben carson made a number of serious mistakes as a neurosurgeon and left the sponge in one patient's brain. when asked how it affected his life, the patient said it's fine, i'm still running for president. it's fine. it's going to be good. the promise of the cloud is that every organization
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. deirdre: president obama is visiting the families of the victims of the shooting rampage
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in oregon today addressing the press just moments ago. >> i'm going to be very brief here. i just want to first of all say thank you to mayor rich. i want to thank governor brown. most importantly, i want to thank the entire community and the entire state of oregon for coming together at this terrible time to support the families. obviously in moments like this, words aren't going to bring their loved ones back, but the one thing that they share is how much they appreciate the entire ucc community coming together, how much they appreciate all their neighbors, all their friends and people all across the country, offered to help. the thoughts and their prayers. what i just told the mayor is
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if there's anything we can do at the federal level to help the community heal from this loss, obviously, we're going to be there. i'd like them to know that flying out here with some of the members of the oregon delegation, they feel the same way, and the governor obviously has been paying a lot of attention to how we can be most helpful to the families. but there are going to be, i think, moments, as we go forward, where we're going to have to come together and figure out how do we stop things like this from happening. and i've got some very strong feelings about this because when you talk to these families, you're reminded that this could be your child or your mom or your dad or your relative or your friend, and so
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we're going to have to come together as a country to see how we can prevent these issues from taking place. but today, it's about the families and show what we feel for them and they certainly appreciate all the support. deirdre: there is the president, you see him addressing the press in oregon. addressing as well the families of the victims from that shooting, that tragic shooting just earlier. well, the el faro cargo ship, speaking of tragedies sinking with numerous casualties in the caribbean, conditions under hurricane joaquin was the cause. there is a new report that shows the ship deviated and sailing close to full speed when it was lost. fox news geraldo rivera says the tragedy was all about the money. first of all, great to see you why, do you say this was all about the money. >> great to see you as well.
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i think that they put schedule over safety. el faro was a 40-year-old vessel. it was a rust bucket. this was the last trip the ship was going to take before they retired it for a complete refitting. this captain steered that ship right into the eye of that storm. he put himself north of the bahama islands, he had no place to turn. he should have turned back to jacksonville, never left jacksonville or chose another route. i think that unless there is exculpating evidence, this is the blood of 33 mariners on the hand of this owner, tote marine. deirdre: let me ask you this, first and foremost. we spoke with captains and said how could this happen? in this day and day with all the technology and one of the guests told us he said listen, sometime us when leave a cargo ship loaded down in port and you have a hurricane, it's just as dangerous as going out to sea.
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the captain probably made the best decision he? could. >> i absolutely disagree with that. i sailed my own boat around the world, i went to maritime college, many of my classmates had a reunion, a former captain of el faro was at the reunion from kings point, from new york maritime, from maine maritime, massachusetts maritime. we lost 28 american sailors, that vessel had no business withon old engine being where it was, the chief engineer was alumni of maritime college as well. deirdre: you are saying he was trying go into the eye of the storm where it's calmest. is that the right call? >> bizarre explanation, you go into the eye of the storm, you have the second half of the storm going to hit you when you leave the relative kauchl the eye. he had no business being where he was. container ships are on tight schedules, i submit the reason he tried to speed up and sneak over the north of the bahama islands to get into san juan
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was for scheduling purposes and the fact that they did not abandon ship, they had two life boats, they can turn upside down, every way six ways to sunday. why didn't they abandon ship? the fact they lost power is proof they shouldn't have been there in the first place. deirdre: he, the captain paid for it with his life. >> the worst maritime disaster in over 30 years having to do with american sailors. deirdre: geraldo on the o'reilly factor, launching a brand-new segment. you want to tune in 8:00 p.m. eastern time and find out what it is. it's going to be cool. thanks, geraldo. forget saving for college, save for child care. there is a new report that says child care costs more than college in almost half of america. we have one angry mother who is speaking out. retail chain urban outfitters getting heat for
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asking salaried workers to do a special activity. one without pay. more details on that. first, time to buy a shredder. hackers found a way to get all of your personal information right from your boarding pass. how they do it and how to protect yourself? after this. just like eddie, the first step to reaching your retirement goals is to visualize them. then, let the principal help you get there. join us as we celebrate eddie's retirement, and start planning your own. it's a highly thercontagious it can be especially serious- even fatal to infants.
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and start planning your own. . deirdre: if you casually leave your boarding pass in the seat in front of you, on a counter somewhere, beware. that little piece of paper has a goldmine of your information that hackers want. morgan wright is with me now. morgan why is this such a valuable treasure trove for would-be hackers? >> you know, deirdre, i just came back from international travel and i have to tell you, i don't use anything paper anymore for one is exactly for that. let me tell you what they can
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get off the boarding pass. name, gender, flight, flight number, they can get your frequent flier number. they can get the record locator so they can go in, lot of websites, a lot of them with the record locator, with the information, you can reset an account, reset the p.i.n. get access to some of the account, the minute you do that, it's a matter of stair stepping into social networks, e-mail, things like that. deirdre: you're saying that somehow being paperless leaves people less vulnerable? >> yeah, there's never a silver bullet, deirdre, i don't want to tell people, but when you have it on the phone, if you lose your phone, you've lost more than the boarding pass. i kept everything when i travel. i took a picture of my passport and was able to submit that ahead of time. i didn't have to expose a lot of my information. it's not the best solution but a better solution than leaving paper tickets with a free
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decoder off of the internet, you can glean all of this information. deirdre: thank you so much. crazy to think that is one more place of vulnerability. we're taking your advice. morgan wright joining us there, cybersecurity expert. when we come back, selling your car made easy, the promise of one of our start-up founders. a new report that government workers make way more than the private sector. we'll give you the stats. first retail chain urban outfitters criticized by employees, telling them to work the weekend, but for free. we'll tell you why. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... this big, bold, beautiful world.
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. deirdre: the holiday shopping season is near. retailer urban outfitters asking employees to work weekends without pay. larry winget with me now, author of grow a pair is with me. larry, how is this possible? from what i read urban outfitters is calling the weekends team building exercises but basically packing and shipping goods. >> you know, i don't have any problem with them doing this, i don't. i think the people upset by this are people of entitlement mentality that think every single minute on the job has to be measured and paid for this. is a company not asking for every weekend, they ask for volunteers for six hours. they're going to buy lunch and give you a ride. any good employee should do whatever it takes to make sure their company stays profitable
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to help the company out because profitability in a company means job security. deirdre: job security, but don't you think that's egregious, personally, i do understand a team building activity. if that means going on a hike or doing something like that, but just doing more work for free? >> you're doing something you probably haven't been doing before. they're asking for people from headquarters to help them pack and pick, and i don't see a problem with doing something, not being new and different for you, getting to know people you're sharing the time with and maybe you didn't on the job from before. i don't see what the big deal is with this. deirdre: all right, you're going to get a call from urban outfitters ceo asking if you want to work with them. larry, i want to ask you about the new study from the cato institute that reveals that government workers outearn private sector employees by 78%. that's huge. and, of course, the detail is it's really all about the benefits.
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but is that still such a great disparity and too much so? >> you know, this is something we all really should be upset about. not urban outfitters. this shouldn't bother me, it should bother everybody. when you've got the american worker out there whose wages have stayed pretty much flat for the last ten years, to find out that not only is government bloated and too big, but it's incredibly overpaid. here you got the average guy out there paying his taxes to support people who, one, don't work, and then to support people in the government who get paid nearly twice what they do for the same job. that is demoralizing. it's no wonder at this point that outsiders look so good in the polls. people are sick and tired of government and this is just one more reason. deirdre: that is just one more reason as you rightly point out and why many state pensions are near going bankrupt. it's hard to keep up all the legacy programs. larry winget, great to have you with us, thanks for joining.
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>> thank you. deirdre: the cost of netflix subscription is going up at a time when more competitors are honing their product. tell you about a competitive threat there. if you're looking to sell your car, one start-up founder has a way to make it easier, everything from the test drive to posting pictures on the web, it's one-stop shopping, or selling in this case. time to save for child care. a new report out that child care costs more than college in almost half of america. one angry mom is with me next, speaking out.
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a packed passenger jet just missed motorists by yards. it grazed an airport perimeter fence. airport authorities insist it was a normal and controlled landing. another terrifying moment every hiker's worst nightmare. four backpackers plunged 26 feet into a river after a suspension bridge in new zealand collapsed as they walked across. >> luckily they survived and escaped with only minor injuries. unbelievable and true. rain falling in last night's game one of the alds between the houston astros and the kansas city royals. the royals' grounds crew jumping into action, one unlucky member nearly engulfed by it. the grounds crew member did
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escape injury, as you can tell, close call there. surveillance video showing a daring escape of a 17-year-old kidnapped victim, teenage girl abducted on her way to bridgeport, connecticut, she jumped from the moving car, she did emerge uninjured. well thought-out on her part. speaking of children, if you thought the rising cost of college was out of control, wait until you hear this. a new report that says nearly roughly half the states in this country more expensive to pay for a year of day care than for a year of college. with me now parenting expert and concerned mother erika katz and our own lori rothman who is a superstar on tv and superstar mother. >> a little too generous. deirdre: about the costs for many people it doesn't make sense for women to work anymore, and then we say there's not enough women in the workforce, right? >> part of the problem is you want to have a job and make
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money but you don't want to take all that money and give it to child care and basically just working to pay for child care. deirdre: and you come back with the idea as in, hey, maybe i should raise my kids myself, if it's not financially viable. but lori, for many professional women, almost a place holder, they just accept for a few years at the beginning, they're going to be scratched. they know their salaries are gone. >> the affordability factor is absurd. child care should be, according to the department of health and human services 10% of income, whether you are a single or dual income household. it's upwards of 20 to 30% of family budgets right now. out of the park. if you have younger kids, you need more round the clock help, so that is definitely more costly than if you have school children as we all do. it's a little cheaper. not much. still a significant dent. deirdre: erika, when you think of, this what is the solution that comes to mind? every market is different.
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new york is a small place, there is a different pressure point that often basically hurts professional people. i'm assuming that's not the same everywhere in the country. >> i knew from personal experience, i stopped working because it was so expensive and didn't make sense to do it. so i stopped working, and then i was with my kids for eight years and when i went back into the workforce i had to reinvent myself and it took a lot longer to make money. deirdre: you have a creative experience, it's a transferrable skill. >> it is, if i were to go back to advertising after raising kids for ten years, i'd be with kids right out of college. it wasn't a great thing for me. i had to reinvent myself and write a book and do something different, and it did take a while to make money and it was because of the child care costs, when you think about, it i had to send my kids to college soon so i didn't have the years to save. i think what you have to do is decide, maybe i'm going work and just pay the child care
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costs so that my earning potential is higher when the kids are actually able to go school. deirdre: which, to your point is a bet, like being at the poker table and keep putting money in the kitty so you can play and all works out in the end. thank you very much, superstar moms erika katz and lori rothman. when we come back, the cost of netflix going higher as other streaming services are coming up with their plans. fire tv could be headed down the same path as the now nonexistent fire phone. we're going to talk about amazon's rollout and talk about the challenges. first elon musk commenting on apple hiring what he perceives as his company's failed engineers. more on the talent war between tesla and apple when we come back.
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hurry, ends tuesday! know better sleep with sleep number. . deirdre: breaking news, recode reporting twitter is planning layoffs that will affect most if not all departments. our tech panel with me now on the latest developments. so we are here with pete, lori, john. what do you make of jack dorsey, ceo second time around and seems like okay, here's some changes. >> and getting it out of the way early, that's for sure. i don't think that's dire in twitter sense, twitter in general is in a dire situation. after the ipo and the ipowed too early, everyone is agreed on. that they were flailing around trying to figure out what products they would do. they went on a hiring spree. they are focused, know the things that are working for them. other projects have come to
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fruition. deirdre: i don't think they ipowed too early. i think most journalists, media types do, and i'm not sure it's applicable to the way facebook is. 4200 employees last quarter, more than double the 2,000 employees it had in the second quarter of 2013. they went on a hiring binge at some point. >> i like it, jack is making bold statements. he comes in, launches moments after he comes back, then says 140 character is not sacrosanct. deirdre: which i think is lame, for the record. word smiths everywhere, we love the modern haiku. >> now says 4200 employees, it's bloated. we're going to focus people, streamline that. like to see him do it with the structure and the vision going forward, but i applaud the move. i think it makes sense. >> i kind of agree, if you don't mind me weighing in. the day it was announced he was
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going to take the ceo spot, the stock shot up and perhaps he felt a little pressure to keep the momentum going. you showed the stock chart and seeing twitter come back. it's been tough going there for twitter, and he's not waste anything time. deirdre: hard to grow with snapchat. >> the catalyst to please the investors. deirdre: speaking of pleasing investors, you have to have top tech talent. apple hiring some of tesla's engineers and in response elon musk told a german newspaper, the workers weren't that good anyway. they have hired people we fired. we jokingly call apple the tesla graveyard. if you don't make it at tesla, you work at apple. i'm not kidding. if you were at apple, how offended would you be? sour grapes, we're building our own car and we're going to smoke you in five years or send
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your private e-mail to elon musk. >> i love it. the history is fascinating, a year ago there were acquisition talks between the two companies. as early as may apple says i love it they're getting into the cars and now he's saying it's a tesla graveyard. that coupled with the fact they're going after the employees which is the gold here, really made the gloves come off and change musk's tune and we're in a cat fight. >> nothing like a whining billionaire. >> big talk for someone who shipped the $140,000 suvs. deirdre: he hasn't cracked the manufacturing code yet. >> this is a bit of posturing and he's in such a tear with all the announcements with tesla, they're going to announce autopilot soon for the model s. you know, it's just something, but i think apple as always
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will sit back, you say your thing and we'll come in and dominate. deirdre: we'll keep offering good packages to the people that we want to work here and we'll move on. speaking of moving on. fire phone may be the unfortunate precursor to the new fire tv. lori, the fire phone bit the dust, right? now tv seems to be having a few hitches and not like it's that easy a project. >> look, things finally turned around for amazon, they finally reported a profit. here . deirdre: they want to have the pipes and the content, they're up against netflix. >> for bezos to take amazon off the tv website. it is poor. deirdre: then he came back and said it was like a mini step back saying, well --
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>> by way of bezos. >> and disingenuous, especially with chromecast. he kicked chromecast saying it was not compatible with prime. it's up to amazon to build support for chromecast, not google. but it gets the whole, with the fire tv versus prime, amazon is a hardware and a software player in this space, and i think that leads to a lot of confusion here for them. >> which is unfortunate. >> they put the app in random places, not on apple tv, it's on a bunch of other hardware. kind of on android. deirdre: apple says stock is at a high, that is the point. no one is confused. the consumer is not confused and management is not confused. john, what's your take? >> fire phone was horrible, fire tablet was horrible. fire tv sounds pretty bad. >> fire tablet is not horrible. they were good at tablets.
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>> anything with fire on it is not worth it. is that frankenstein like fire. wrap it up, we're all out. pete, lori, john, glad to have you here. when we come back, volkswagen ceo apologizing profusely before congress yesterday for emissions scandal, he says could take years to fix. up next, entrepreneur who says he can help vw owners sell their cars and yours, too. >> i would like to offer a sincere apology, sincere apology for volkswagen's use of software program that serves to defeat the regular emissions testing regime. we are still working on the time frame. these actions take one, two years minimum.
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>> in light of the volkswagen scandal, owners may have trouble selling their cars. they might want to list them on shift.
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the founder and ceo george harrison, so, george, there are other online use marketplaces, what made you want to build a another and presumably better one. >> well, there are other online dealers, no online marketplace for people to sell cars themselves in the way we do because we have basically created a new way to buy a car. instead of going to a dealership to check out a car, the car comes to your doorstep for a test-drive and brought to you by somebody who is basically your in the process . charles: so you're saying there's a service that brings it to that person' person's residence but how do people get to try out more than just one. >> well, one of the things we've learned about car research in the last decade or two a lot of people know what car they want and they try at most two cars before they make
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a decision of which one to buy and we would be happy to bring two cars to customers if that's what they want. >> so far you're available in los angeles and san francisco. where's next. >> yeah. we'll be launching probably two or three markets this year and then more markets next year as well. but the goal is to be about 20 markets by the end of next year. >> okay. by about 20 markets. how are you scaling up and are local dealers being particularly unwelcome to you? >> we actually don't really run into dealers very much because that's a very different market. so about 50 million americas sell cars every year where they sell a car to another individual, that has been happening for decades. we're adding simplicity and trust to that market to make it very easy for the seller and the buyer. the seller can download the app from our website to price a car anywhere in the country and what an what that car's worth and then submit that car
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for a sale, come to the seller's house, inspect the car, prep it for sale by putting trust to it and then we'll bring the car to the buyer. so that market's already sort of a market that exists, the private party market out there, and we're just making it simpler and nicer so we don't compete with dealers very much at all, and we wish them well. >> george, talking about volkswagen, it's hard to pick up a paper and not seeing these headlines about the company, essentially lying, about how fuel-efficient the models were. do you anticipate getting vw cars and of course the ones that we have been talking about in focused on with this scandal has been diesel, which are a small percentage in the u.s. anyway. but what would you do if somebody reached out to you? >> we would still sell those cars, obviously we would disclose the information to the buyer about what's happening. but fortunately it's not like a mechanical issue with the car, the car still functions, so we don't have a problem
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selling any cars that meet standards. we have a very, very high level of standard. all the cars go through a detailed 150-point nonpartisan, so as long as it passes inspection, we would sell it. so i would encourage any vw owner to sell that at >> you have raised more than $70 million, goldman sachs is just one angel, highland capital, to what extent are you going to have to raise more money as you expand in more places. >> well, generally speaking i think you should always have enough capital to work for a long time, and we're very fortunate to have great investors who really believe in our business, but we want every race. so we are very well capitalized, and i don't think we're thinking about fundraising any time soon. we think we have enough money to expand to about 20 markets . charles: all right, george, glad to have the time, thank you very much. george joining us there, the
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founder and career of shift. a quick reminder, check out our website, bonus interviews,, glad to have you with us here on risk and reward. making money with charles payne starts in two seconds. charles: the gop in a civil war, the establishment versus the antiestablishment but will the party be the biggest casualty? and the obama administration giving up on its fight against isis, scrapping a $500 million program to train syrian rebels and greed is always good. government workers bringing home pay but what about the taxpayers and their children? making money starts right now. ♪ ♪ . charles: well, like that gop civil war plot thickens, of


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