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tv   After the Bell  FOX Business  September 8, 2016 4:00pm-5:01pm EDT

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unemployment continues to go down. payroll hiring continues to go up. we think the workforce is strong and will benefit and financial and consumer names. [closing bell rings] liz: patrick has 70 billion in assets at brandywine. thank you, patrick. i'm handing it to david asman and melissa francis for "after the bell." david: we are here, thank you very much, liz. no new record for the nasdaq today. stocks sinking in final moments for trading. major averages ending in the red. oil is huge story. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have you covered on big market movers. here what else we have for you coming up this hour. outlining ambitious plan for education. how will he pay for it? ask his economic advisors steve moore. house republicans on capitol hill demanding answers on nearly $2 billion paid to iran by the obama administration. was it even legal? that is what congressman nick
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mulvaney want to know. he is going to join us. major brownedder, wow, did you see this for third party candidate gary johnson. david: ouch. melissa: may cost him dearly. ralph nader, former third party candidate weighs in what he needs to do to salvage the campaign. david: i want to hear what ralph has to say. the dow in the red again. nike, apple, ibm, travelers at bottom of the heap. phil flynn, price futures. huge jump in price of oil today. at cme in chicago. lori rothman on the floor of new york stock exchange. lori, after yesterday's big announcement, apple is one. big drags today. reporter: you said it. worst day for apple since the post "brexit" vote. it wiped out more than $15 billion in market value.
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shares close down nearly 3% today, putting it $1105.52 a share. -- $105.52. since announcing new iphone version, apple will not release the first weaken sales. that is once again, got to say something's up an they're not all that ambitious, optimistic about sales. apple having knockdown effect on some other wearable fitness devices. announcing the apple watch series 2 with the gp built in, that could cut into market share for fitbit and garmin. both shares down as a result. guys, back to you. melissa: thanks very much, lori. phil, oil seeing a big jump, settling at two week high because of the weekly inventory reportings right? >> that is part of it. that is the draw down in weekly inventory since 1999.
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whopping fifteen million barrels of oil. that biggest draw down was in the gulf coast. that saw the biggest drop in oil imports in history since they have been keeping record. wonder why hurricane hermine played havoc with oil imports in gulf of mexico. seeing that show up in numbers this week. what is interesting in things behind the numbers really bullish. normally you would think this time of year refiners would be ramping down. they're not. refiners actually raised production. they processed more crude than ever in history on this date. if you talk about gasoline demand, apparently everybody was buying gasoline before the storm. gasoline demand, highest ever for this date. so really it was a story of supply. it was story of demand as well. of. incredible story. back to you. melissa: phil, thank you very much. david: barnes and noble shares sinking like a stone after announcing worse than expected
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sales, including sales of the nook tablet, remember that? fell 25%. barnes & noble lowered future guidance citing challenges in the consumer sector. we have scott martin and james freeman of "the wall street journal." makes me very sad. i love books, an bookstores. you go there, looks like they will be dinosaurs pretty soon, right? >> well it is tough to compete with amazon. it is tough retail market generally. they're blaming the old regime. they fired their ceo a few weeks ago. david: that is always what they say, right. blame the guy who is out of there. >> basically saying he cut in the wrong places. took people off the shop floor. he cut inventory. maybe better way to go was look in the back office. david: what about these nooks? i would like to believe the nook sales that drew barnes and noble down, not the bookstores? >> yeah. i mean the nook has had a tough
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time due to competition. amazon fire caught up or had a fighting chance. i appreciate your sentiment about bookstores. david: yeah. >> the other problem with that, david, tell you what, man, 10, 15 years have they really changed that much? that is the funny thing they stayed the same, customers, consumer tastes change. james is right, they're getting killed by amazon online. amazon books is coming to brick-and-mortar now, which basically put them out of business. david: i think that's a great thing. hopefully amazon will go back to the future with the bookstores. so they may not be dead yet. melissa: i don't know about that working 9:00 to 5:00. workers plan to work past retirement according to a new survey from bank rate. scott martin, when you break this down, 38% will choose to work they really enjoy it, like us where they can't give it up. 35% say they basically can't afford to stop. >> that's the big number.
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i want to find the 38% that say we really enjoy work. melissa: it is us. what are you talking about? >> aside from present company certainly but i'll tell you what's funny, melissa, the way the economy has changed with technology and the fact that people get together and form interest groups and connect via transactional operations and contractors you have ability to go do hobby and interest on the side where technically you're still working but maybe not at the 9:00 to 5:00 job that keeps you interest in what you're doing and earn a little money on the side. melissa: james, 13%, 13% of the people not retired say they hope to retire in their 50s. retire in their 50s? that is like the new teenage years. >> probably not alone thinking retirement seems very boring, why do it. melissa: yeah. >> paying for college i probably can't retire anyway. melissa: ever. >> make the best of a situation. we have longer lives.
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we're healthier. when you look how little income you can expect in retirement from your fixed income portfolio i think it is good people are getting used to idea of working longer. melissa: there you go. david: as you heard first, right here, john malone's liberty media, announcing that they are purchasing formula one racing in a cash and stock deal worth $4.4 billion. they will keep headquarters in london and chief executive bernie eccleston is on board. scott, john malone is my hero, for a lot of things. to make billions of dollars and spend billions of dollars on something that is fun like formula one, what is better than that, right? >> i'm an admirer of johnnal loan. i believe in what he does. racing is especially popular international. demographics of those that go to the races and watch races are very good. i think he made a good move. david: chase carrie who used to
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work here at twenty-first century fox will be chairman. that they have a really strong management team. >> respectful think, they're smart guys, this is a shrinking market. david: you're bearish on formula one? >> formula one, it's a shrinking international market. obviously it is never, at least not for decades hasn't been big in the u.s. david: no. we like nascar. >> but, i just, i'm not sure i see it here. definitely is general proposition sports because it's live it can hold viewers in a way that the recorded programs allow cord cutting. it does help in that sense. looks to me like a paying for declining market. david: anywhere but the united states. you're right, nascar is big here. anywhere except the united states, formula one is still just huge. we'll wait and see. john malone usually knows what he is doing. thanks to you both. melissa. melissa: amazon changed the face
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of retail as we know it, and the fast-food industry says they could be next. how jamie richardson says they are combating the amazon prime effect. david: maybe that is why she chose to meet with the press this morning to try to explain herself and hit donald a little more. more what she was asked and how she responded. melissa: donald trump outlining his plan on school choice to help children in poor communities get a better education. steve moore, one of trump's financial advisors will tell us how he plans to pay for this. >> too many americans living in our inner cities have not been included in the american dream. when any part of our country hurts, our whole country hurts. people get anxious and my office gets flooded with calls. so many things can go wrong. it's my worst nightmare.
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melissa: donald trump laying out his education plan in cleveland to help people living in poverty get a good education. trump saying it will be easy to fund the plan. >> i want every single inner-city child in america, who is today trapped in a failing school, to have the freedom to, the civil right, to attend the school of their choice. our government spends more than enough money to easily pay for this initiative. with billions and billions of dollars to be left over. melissa: all right. here now is steve moore, trump economic advisor, fox news contributor. so as i was listening to this speech, isn't that school vouchers? isn't that what he was talking about? >> well he is, i don't know if it is going to be vouchers or scholarships but we're going to give money to the parent and take it away from the school districts and let money follow the kids.
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this is an historic speech, melissa. this is a big deal he is talking about. total revolutionary change in our education system. i am so impressed by this. melissa: the reason why i say, aren't we talking about vouchers here, it is, while i agree with you, from an economic point of view, this is fantastic idea but it is not new. i mean this, vouchers is something that people have talked about for a long time, rather than having money flow, so when you have a child, paying taxes and that money is in that school district, like myself you take your child out put them in parochial school or something else, that money is sitting at school. let the money follow family and child and spend it in the private school. >> yes. melissa: but that is always, reason why we never done that is because the teachers unions are so strong you can never actually get it done. >> that's true. melissa: what would be different this time? >> we'll try to convince inner-city parents and parents around the country, you know what? we should have an education system that looks out for the kids, not teachers unions.
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i think parent will be wildly enthusiastic about it. donald trump is first republican in a long, long time, maybe ever to make this message, to inner city kids, big deal. every single kid in a lousy school district where they're not performing will be able to send their kids to a private school. we have a program here, melissa, small little voucher program in washington, d.c. i interviewed a lot of the parent. they're doing much better in parochial and private schools than public school. melissa: i have no doubt? >> why can't we expand that to every kid. melissa: hang on. we don't have time. you're wresting kids from, let me ask you. hang on. >> i feel so strongly about this. melissa: steve, hold on! let me ask you about paying for this. >> yeah. melissa: are you saying that you will take the exact amount of money allocated for that child and it will follow them? dollar for dollar you wouldn't be spending anymore than is currently being spent? give me real number. >> so there is $60 billion
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roughly in the u.s. department of education budget. this program costs about 20 billion. we're going to, most of that money, awe he no, melissa, most of the money department of education spends is totally wasted. give that to the parents let them go to good schools? every time a child uses one of these vouchers it reduces burden on public schools. melissa: dollar for dollar, 20 billion away from the school system as it is right now, directly into the hands of those parents. no additional -- >> u.s. department of education. this is the single most important thing we can do to reduce income inequality. give every single schoolkid the same choices that barack obama's kids have and your kids and my kids. melissa: no, absolutely. couldn't agree more. >> i love it. so excited about this. melissa: but he might be the right guy to do it. thank you. david: fighting unions. there is nothing harder than that. melissa: it would be really tough without question, but i mean this is, that is real equality. david: it is, it is. as former school teacher, i can tell you they have a lost control.
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slamming the two-party system but gary johnson didn't help the case for a third party much today. the candidate had a major misstep on foreign policy former presidential candidate and consumer advocate weighing in whether or not this the end of the line for johnson. donald trump blasting the obama administration and hillary clinton for reducing our military generals to rubble. >> he is absolutely right. there is a severe disconnect between this white house and the president and our military. there is a lot of frustration within the ranks, and a lot of frustration in the senior leadership about what we're not able to do. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪
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melissa: breaking news right now, shares soaring, following a big beat for the second quarter both top and bottom line. i was shopping a lot. the retailer is backing its financial year revenue growth of 1 to 3% as well. wow. david: do not get a commission for that. melissa: sadly, no.
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or a discount. david: libertarian presidential nominee gary johnson had awful deer in the headlights moment when asked about a question about a city in syria critical in the middle east struggles. >> what would you do if you were elected about aleppo. >> about? >> about aleppo? >> and what is aleppo? >> you're kidding. >> no. >> aleppo is in syria. it is the, it is the epicenter of the refugee crisis? >> okay, got it, got it. melissa: oh,. david: johnson spoke with our own kennedy an promised to be better prepared next time. >> as much as i hate to say it, knowing ahead of time what the issues are, very quickly, that wouldn't have been an issue, would not have been an issue. david: so was johnson's slip a disqualifier. here now is ralph nader, famous third party presidential candidate in 2000, noted
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consumer advocate. really founder of consumer advocacy. he is author of a new book. he comes out with one every week. this is called breaking through power. he has a history of doing exactly that. ralph, gait to see you, what you saw the johnson clip, was there empathy there? did you ever have a brain slip like that? >> no i didn't. that is human slip. he might have been tired and thought it was acronym. in a city full of acronyms. he ad recovered and admitted he was wrong. important thing had he been in president in 2000, we wouldn't have iraq war, spill over into syria and exexpansion of empire and an down constitutional of military adventures. david: trump says if he was president he wouldn't have those things either? yeah. the important thing words seem to dominate in the american culture over deeds. what trump says, what hillary says. it is deeds that count. david: by the way we have the perfect excuse for gary johnson,
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not that he needs any because he is great guy. aleppo is actually a spice. it is a spice that my wife actually found in our cabinet. there is a picture of it. he could have said i thought you were talking about the spice. melissa: my goodness. no. >> he was much more honest than that. david: he was. >> he should never say this may be the end of the campaign. this is crazy. david: we have you on because you are honest. you have been a big critic of crony capitalism no matter whether it comes from the left or the right. in fact we talked about a book you wrote about just that subject. when you look at the clinton foundation and see all the connections that institution has had with governments and people and businesses that have leaned on governments to do their bidding, do you think that there was pay for play with the clinton foundation? >> it was clear it was inferred. that is the real problem with her emails and more is coming. it is the content of the emails, not so much the classification, non-classification. it is lethal quadrangle.
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hillary clinton at state department, clinton foundation, bill clinton making $10,000 a minute or whatever his speech is, and corporate mining magnates and other big corporations wanting favor. david: well it is, the business interests, particularly ones that involve national security. the uranium deal involved about 1/5 of all the uranium reserves in the united states. that seemed to be one of those pay for play things. >> yeah. and the connection with, they want favors from the state department. they use bill clinton. give huge speech fees and make donation to clinton foundation and it is unsavory. there will be more emails coming it. david: they are giving me a wrap. anything illegal what you've seen so far by the clinton foundation. >> not in documented sense. so unethical, so unsavory or unseemly, that should be a
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serious indictment itself. david: ralph nader calling it like he sees it. as he always does. a new book, breaking through power. that is a man who knows what those words mine. >> thank you very much, david. david: catch kennedy's full interview with gary johnson 8:00 p.m. eastern on fox business. melissa. melissa: republicans pressuring the white house over a ransom payment. lawmakers are demanding answers why $1.7 billion was sent to iran. representative nick mulvaney grilled officials on the issue today. was he satisfied with their response? he will join us next. plus, hillary clinton has a new defense for her email controversy. uh. >> to try to pin it on colin powell is down right shameful. best defense for hillary clinton after lies she has told time and time again about this, if your best defense is colin powell, come on, you have no defense.
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david: hillary:softening her mea silence after 28 days, democratic nominee taking questions in kind of a press conference. a move donald trump is calling disasterous though. blake burman live in d.c. with the latest. wasn't an official press conference t was a tarmac one. she took four or five questions, i guess. >> she was there in front of her plain in north carolina earlier today. the members of traveling press who with her, david. i counted five questions of the top that she took.
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then there were two questions that were shouted to her from members of the media. so seven total in that event there with the members of her traveling press corps today. it did happen in north carolina. there are some swing state polls, a poll out of that state today, two of them, actually, which show just how tight north carolina could be, the we'll give you the two polls. take a look here. according to quinnepiac university survey, hillary clinton who is up four points over donald trump in the tarheel state. however a suffolk university poll released as well, shows trump up 3. when you factor in third party candidates, polling average shows clinton leading in that state by a mere .3%. it is part of the reason why she was campaigning in north carolina today, after, that press conference. she then went on to this event which you're looking at here in charlotte. at that event she took aim the donald trump's performance at the commander-in-chief forum, especially for his praise of vladmir putin.
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>> that is not just unpatriotic. it is not just insulting, to the office and the man who holds the office. it is scary! it is dangerous! [cheering] reporter: after north carolina, david, clinton headed out west. she will be addressing the national baptist convention in kansas city, missouri. that is slated hour 1/2, two hours from now. david: blake, thank you very much. melissa. melissa: here is fred barnes "weekly standard" editor. hillary clinton support ir. what do you they have the new approach. seems like she is trying to be more accessible. is it working. or seeing reason why she was less successful before? >> well, look, i wouldn't call it anything but press evict. look it is good for her to be available. i think shy made the right decision. it should be. she can handle questions all night.
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as long as not about the emails. those that she doesn't like. you know, you knew that she was not winning that forum last night. because her aides were complaining about the moderator. you don't complain about the moderator when you're winning. melissa: went as far as, blake as to say that matt lauer was being sexist, whene we after her and her treatment and his treatment of her versus his treatment of trump. how do you think she came off last night? why do you think she came back out on to the tarmac? trump was tweeting, she gave a did i sass truss news conference on the tarmac to make up for her poor performance last night. i'm betting she wouldn't agree with that. i bet she thinks she came out for a different reason. what do you i think, blake? >> she came off as presidential. this was commander-in-chief forum, the point for each candidate to demonstrate whether or not they're prepared to be commander-in-chief. i think hillary clinton answered that question. melissa: but on the tarmac what did you think of her response? >> yeah, right. i think on the tarmac, i mean
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look, i think fred's right to a certain, to a certain extent. attacking the moderator, gets you off message. probably not something that i would have done but the point may be there, and certainly they felt it necessary to make. melissa: yeah. >> you by think bigger issue is hillary clinton's available to the press. she has been available to the press. melissa: well -- >> i think we're making a lot of noise about a press issue when i think we ought to be talking about issues. melissa: it was her to some extent because she changed way she was doing things. she must have felt like it was fair or not, the she must have felt the message was resonating with the crowd so she got out there. when she gets on the tarmac and dangerous, hit that note, similar when he gets out there and says she is crooked or that the foundation is criminal. >> yeah. melissa: everybody is kind of singing the same song. does it work for them? >> i don't think it works for either one of them really. melissa: no? >> the fact is, i mean when she says he failed the
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commander-in-chief test because of what he said at the, i don't know what you call it last night, wasn't exactly a debate, whatever happened there, the forum, trump could come back and say, well she failed that commander-in-chief test because she didn't protect national security information on her e-mails and so on. that is name-calling. that is not substantive. the truth is i think trump had fairly low bar to rise above at that forum and he did. he succeeded and was, he did fine. it wasn't great but it was certainly good enough in his case. melissa: blake, seems like we settled at this point in the campaign right now the rythym, trump gets making major policy speeches these days, that is what he is criticized about having not enough substance. he has education and do what he will do on military. hillary clinton is coming out now she is responding to criticism of her by trying to be, look more accessible to the press, whether that was a fair criticism or not.
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do you think these two moves by each campaign make sense? >> i do. i mean look, donald trump has been, has been long on style, short on substance. and trailing as badly as he is he is certainly had to come out and articulating sensible policy positions. i still don't think he is there but i think he is trying. hillary clinton was certainly being dogged by this notion unfairly and i think inaccurately, that she wasn't accessible to the press. melissa: oh. >> they both addressed that. they did. you will see continued accessibility although i would argue she has done hundreds of interviews. engaged with the press and been on the record. melissa: everybody thinks what they think. coal been powell, pardon me, defending his use of his personal email account during his time in office and advising hillary clinton, the former secretary of state, quote, i was not trying to influence her, but to explain what i had done eight years earlier, to begin the transformation of the state department information system. i have been interviewed by the
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state department ig fbi about my actions. i stand by my decision. i'm fully accountable. fred, i mean, this is, keep going over this territory where she kind of drags him into it and he pets really mad about it. does this help anybody? >> yeah, it helps colin powell. he is winning this argument because another one of hillary, said, even even last night, it was a mistake having this private email but i don't make excuses. she makes nothing but excuses. she blames colin powell. she blames state department officials because it was their job to decide and let her know what was classified document and not or not. so, and look, his private server was in his office. it wasn't at his home. melissa: he didn't have a private server. he used an aol account. completely different. >> and anyway, and his, whenever there was classified information, he put it on a secure server.
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secure email. so there is, pretty dramatic difference here. melissa: big difference. we've got to go. thanks to both of you. david? david: congress taking aim at ransom payments as word $1.7 billion paid out to iran was made entirely in cash. lawmakers begin a hearing on capitol hill to examine whether that money qualified as ransom payments. whether the cash payments were legal. congressman nick mulvaney was at hearing this morning. here is what he said. >> all federal payments made by any agency shall be made by electronic fund transfer. didn't this transfer of cash, at least the $400 million in cash, hard currency, doesn't that violate 208.3? david: he was quoting the law there. republican congressman from south carolina joining me now. congressman, first of all the concept of three planefuls of cash, $1.7 billion, took three
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full planes of cash. that has nothing ever done in our history before. >> drives home how much a billion dollars is if you have to have three plain loads to carry it. what you didn't show was the answer to that question, the state department is taking attitude they did not break the law because they sent an electronic funds transfer to escrow agent, a bang overseas, that the bank turned it into hard currency. they're washing their hands saying they followed the law. we're not satisfied with that explanation and our investigation will continue. david: you quoted the law. the reason why the law exists because cash as everybody knows is untraceable. you write a check you can trace it. you pay out cash you can't trace it. in the middle east where they're paying out cash to terrorists among other people, you just don't want them to have access to $1.7 billion of cash. so it goes against not only the letter of the law but the meaning, heart of the law, right? >> and the question that did not get answered today, was did iran
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specifically ask for cash? they refused to answer that question. you're absolutely right the reason we've got that to follow the money. you give somebody dollar bill or ounce of gold, you can't follow it. we've essentially given tourists $1.7 billion of cash they can spend anywhere. david: the other big question, was it ransom. the administration says no. anymore evidence come out today to suggest it was? >> is absolutely was. it absolutely was. what came out of the hearing it was absolutely ransom. you have to weigh that against the fact i think every administration since carter has done the same thing. we're not trying to single out this administration for doing something other administrations haven't. original deal to get 52 hostages in 1980 was ransom. that still doesn't make it right. we're not singling out the administration for paying ransom. we're trying to draw attention anybody paying ransom is bad idea. paying in cash is especially bad idea. david: it gives us one idea of $1.7 billion of cash really
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means. three planefuls of cash, that's what it means. congressman mulvaney. thanks for being with us. melissa. melissa: the united kingdom may take notes from donald trump speeches because they are about to enact a very similar plan to one of his. what coat be? david: plus two nominees battling it out, their military plans, i should say two leading nominees, trump saying harsh words about clinton's military past. >> in china she failed miserably. she failed miserably in north korea. her policies unleashed isis, and spread terrorism and put iran on a path to nuclear weapons. seconds can mean the difference between life and death. for partners in health, time is life. we have 18,000 people around the world. the microsoft cloud helps our entire staff stay connected and work together in real time to help those that need it.
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david: donald trump and hillary clinton both pushing their own military plans giving specifics what they would do as commander-in-chief but trump coming out saying hillary clinton and president obama have done a terrible job in the past. >> i think under the leadership of palm obama and hillary
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clinton, the generals have been reduced to rubble. they have been reduced to a point where it is embarrassing for our country. david: major general pal valile, joining us now. reduced to rubble comment being insult to the military but look what happened over the past seven years. not only did president obama fire a lot of generals and higher echelon officers but he also opposed their advice, specifically with regard to pulling out troops in iraq that many people said was done so precipitously it gave isis the air it needed to spread how do you respond to that? >> i think donald trump was absolutely right and rubble, david, means a mess. that is what the pentagon is today. hardly capable to carry out operational missions. because of a lot of things. morale, spare parts, downsizing all of the manpower resources
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that the army, navy, marine corps and air force have. i get that from inside. most of us, at least advising trump haveold him it has been crumbling and, it was even done under clinton as i remember, david. so this is not new new to the democrats. david: there has been a lot of inside reporting, even "politico" reported about that yesterday, we talked about it with the discontent with the military. we know a lot of generals if not most of the generals, i assume you probably know this for a fact, whether most of the generals in the pentagon said if you pull 30,000 troops out of iraq you are going to have trouble. after we did that, that is when isis really began to spread its wings. has anybody, is anybody in the pentagon doubting that? >> no, i don't think so. completely politicized like some
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of them have been and are. you know, david, i'm only general has been on operational covert mission inside of syria. so you know, by by that experience and vetting over there, pulling out of baghdad and iraq like we did, then allowing iran to take over really what is happening inside of borders in iraq and controlling that situation we completely failed to put back in armed forces was a disadvantage and greater iranian influence. david: there is another part of this, general. it is an insult to the soldiers marines who fought in iraq and shred their blood in iraq. they did that not just as principle but to hold territory we dave that territory, maybe a mistake to go in the first place but certainly a mistake to leave and how we did.
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>> that's correct. the strategy over there in my opinion is wrong from the beginning. but that is something else to look as far as hindsight but to pull out once we had successes over there, in the surge and basically create a vacuum, same thing we've done in other parts of the middle east. and when you create that vacuum, guess who moves in? isis, iran and others that will just make continued trouble for the world. david: vacuums do not last long in the middle east. general, great to see you. thanks for coming in, appreciate it. >> thank you, david. melissa: the uk is certainly paying attention to donald trump. the nation plans to build a wall, 13 feet high at its border in calle, france, this in order to prevent migrants from sneaking aboard ferries or vehicles heading across the english channel. the minister of state immigration, that must be state immigration, says they will start building this wall soon.
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david: hmmm, 13 feet doesn't sound very high. donald trump want a one higher than that. melissa: criticism of the wall. maybe there is something in that? david: amazon prime minister effect, even fast-food restaurants are not immune to competition from the retail giant. next, jamie richardson white cause sill -- white house castle, is here to explain. also tim tebow getting ready to hit the field, that one. ♪
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what they're calling amazon prime effect. online retailer already changed face of retail. raising bar for restaurant chains in some ways. here is jamie richardson, white castle vice president. call the amazon prime effect. you talked about this that people don't expect to get burgers in the mail obviously. the amazon prime conditions customer you shouldn't be in any pain. if you want the stuff right away you should get it right away. >> we were in a restaurant association meeting and research realized that is happening with customer expectations. goes from your mind to your mailbox in matter of moments. you get whatever you want. melissa: right. >> get school supplies. melissa: overnight. you look what is the pain my customer is feeling i have to erase? >> right, absolutely. melissa: the pain with amazon was waiting for stuff. they got rid of that. in your business what is the pain you have to get rid of?
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>> people wanted our menu available all day, every day. we've been doing burgers for breakfast since 1921. breakfast is available all day every day is going great. waffles for dinner. why not. melissa: one of those places, it would either be breakfast and it would be lunch and they want breakfast. inevitably that is a problem. you get rid of that another thing you learn from the amazon prime effect, using technology to your advantage. in your business, we were looking today, the idea of robotics, and replacing employees with robots. some study said that they think 2020 is the tipping point, when you really see more people behind the counter disappear. do you think that's true? >> i'm not certain that is going to happen overnight. in our industry heart for hospitality and human interaction factor solves problems on the go. any automation that helps serve customers better will happen. it will accelerate because we
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see labor rates going up. melissa: they talk about the counter you type order and keep people in the back. to me it is opposite, people in the front talking to people and automation is happening in the back. i've seen different machines that can make burgers. >> right. melissa: where do you think robots more likely, hidden in the back or at the front, at counter? >> for white castle our technology focused how we prepare food better, hotter, tastier, yeah, back of the house. that freeze up more hospitality for the guests when we they come to voice. >> wages drive that. talking about raising minimum wage, fan cats at top can afford it, but so many places you go into are franchises. these are small business owners right? >> small business owners for restaurant. we're seeing changes in city of new york and chicago. first thing it hurts is people it designed to help. we're seeing happen in our neighborhoods it. is tough on them. melissa: raise prices for people
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coming in. a lot of times you can't raise them that much, or cutting number of people, number of hours. >> fewer jobs available at end of the day. melissa: 1% margin, 2% you talked about. >> right. melissa: jamie, thank you so much. as you fun, david? david: how much fun do we have jamie. the man who actually makes the sliders. he does. he hasn't played baseball since high school. mets signed former heisman trophy winner and nfl quarterback tim tebow to miner league contract. he played before 28 teams, apparently impressing scouts with his power and bat speed, melissa. melissa: okay. washington spirit women's soccer team moved up pregame national anthem before players got on the field in order to prevent opposing team player from kneeling during the anthem. she did this at recent home game in protest. in solidarity with san francisco 49ers backup quarterback colin kaepernick. the team says they don't want to subject fans and friends to the
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disrespect they feel such an act would represent, calling the team's decision, player called the team's decision disappointing and disrespectful. interesting. david: bad habits die-hard. how you can save thousands of dollars, by convincing yourself going to the gym. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪ one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. always has to be who sat your desk? phone we are all in for our customers. now, with one talk from verizon... hi, pete. i'm glad you called.
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melissa: a new study shows regular exercise can save you thousands of dollars. david: patients with heart disease engaged in fuzz cal activity three times a week for 25 minutes saves $2,500 in annual cos. melissa: gym rats safe $500 off
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their medical bills. do they factor in how much they spend on gyms and gym clothes? >> chocolate and red wine are also supposed to be good for the heart. >> classified material has a header which says "top secret," "secret," "confidential." none of the emails sent or received by me had such a header. classified material is designated, it is marked, there were no headers. there was no statement, top secret, secret or confidential. liz: hillary clinton dishing out word games for us to digest. i'm elizabeth mcdonald in for


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