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tv   The Willis Report  FOX Business  May 8, 2014 5:00pm-6:01pm EDT

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it has been an interesting week. more to come. "the willis report" is next. david: we'll see you tomorrow. liz: i know. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," you're spending a fortune on highly paid financial advisors but are they worth the money? find out why some are holding you back from retiring comfortably. general motors claiming its recalled cars are safe to drive. >> if you use only a single key on the key ring. gerri: is this true or a bunch of baloney? we'll get answers. what about stock lockups can cost you big. we're watching out for you on "the willis report." our top story tonight, the department of energy is doling out tens of millions of dollars for a windmill project off the coast of new jersey. it's a project that was rejected
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by the state not once, but twice. the main backer of the windmills? a chinese company. for more on this the "washington examiner"'s tim carney. tim, welcome to the show. >> thanks for having me. gerri: good to have you here. why is the d.o.e. wanting to give out money for a project that new jersey doesn't even want? >> well, the department of energy is very hard trying to push wind. wind is lagging behind solar. solar is getting advances where it is becoming more affordable. that is not happening nearly as much as wind. still doesn't make sense to do it as opposed to fossil fuels. the department of energy is really trying to jump-start some of these projects. the local town opposed it, the authorities because they saw the way the chinese company did their accounting was stable. it was not standard american accounting. they didn't know if this was another green energy company that was going to fail. and the department of energy has
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a long history of supporting such failures. so maybe they don't have as much concern. gerri: credibility is not in evidence here. the new jersey regulator said, hey this, is too risky. we don't want to do it. proposal is to build five windmills three miles off the coast of atlantic city. new jersey regulators said no. the project would be owned0% by a chinese company? is that part of the federal government strategy, they want to give business to companies in china, not companies here? >> this is one of the weird effects that happened in this crony socialism as people call it or venture socialism. where they're going we want these. sometimes they're supporting foreign companies, making things here and selling them. sometimes they support foreign companies owning things here. sometimes they're supporting u.s. companies selling things abroad and supporting it. there is no economic sense behind it. gerri: no. >> the profits on this deal go to china.
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it is just about trying to push out green energy because somebody at the department of energy has decided it's food. of course these things end up going to political cronies or in this case, foreign companies who's accounting we can't vouch for. gerri: crazy. crony socialism, i love that phrase. look at these numbers. as you've been rightly pointing out in this segment, government is throwing all its weight behind renewable energy broadly, we spent $26 billion backing these companies. they only created 2300 jobs. we're spending 11.5 million for each and every renewable energy job we're creating. that is terrell way to go. do you agree? >> yes. i also think it can actually hurt us. if we're looking for some sort of energy independence or fuels that don't give off green houses gases. when the government says we'll support this project or we're going to subsidize this project,
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the government can not know as well as free market what the projects are most promising. they're taking moneyway from what could be a more promising green energy project and giving one to regulators have picked. we call it picking winners and losers but energy department seeming picks losers and somehow thinks it a winner. gerri: remind me of solyndra. this is company that the government loved and gave a lot of money to and went belly-up. >> i could name a dozen companies like solyndra. razor technologies. aminex, first solar, not first solar but all sorts of other green energy companies that have failed since getting federal support. gerri: we ought to know better. there are studies out there that show there is no reduction in carbon dioxide emissions with wind energy or very little. here is what the energy secretary had to say about this he said, offshore wind offers
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untapped energy resource for the united states, could create, thousands, manufacturing and construction supply chain jobs across the country and drive billions of dollars in local economic investment. tim, do you agree? >> see, i don't know and that's why i'm glad i'm not in charge of investing money. i would like the decisions to be made by people that say there is promise here and federal government is making sure is clears away any unnecessary regulatory roadblocks. instead folks at department of energy who are playing with our money as investors instead of letting the market allocate the money to where it is going to work. i don't know if solar is going to work. if wind, if egeothermal or which particular types of these are going work. that is great reason to let people invest their own money instead of secretary of energy investing my money for me. gerri: nobody ever does a good job until their dollars are on the line. taxpayer dollars, you're happy to spend and throw over your
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shoulder. when it comes to your own money you get serious. tim, thank you. >> thank you. >> from your tax dollars to your retirement money. hey, are you smarter than a hedge fund manager? chances are you might be according to a new survey that found for the second month in a row, hedge fund performance trailed both stocks and bonds! in other words, if you had simply bought index fund in march and april you would have beaten the pros. for more on this, anna dunne with alpha capital management. great to have you here, anna. thanks for coming on. you're in charge of finding hedge funds out there to put high net worth money into. you've seen these numbers. you've known these numbers. is it surprising to you that the hedge fund guys are doing such a lousy job right now? >> thank you for having me on. yes, you know, it is always disappointing to see hedge fund returns go down in both march and april. tough to crucify a manager just based on two months of performance but we were disappointed to see them kind
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ever melting down at the same time a lot of momentum stocks were. gerri: what is interesting i think that everybody assumes this would be a stock picking year. so you would assume active managers could do better. what went wrong? >> a lot of the hedge fund seem to have been in technology an health care companies. a lot of the big flyers that were in the news a lot last year, maybe twitter, tesla, things like that, really got hurt in the first quarter. gerri: so a lot of people climbed on board the nasdaq wagon and got shot as a result of some of those stocks really took a hit. you know, what's interesting about hedge funds it is what you pay for them, which is a ton of dough. 2% is the fee. and then they take 20% off the top. now let me tell you, i can buy an index fund and it is very nearly free. isn't that a better investment for individual investors right now? >> you know, we at alpha capital still firmly believe in active management. the stock market has gone straight up. it is going to go down. there are just market corrections that always happen. when those happen you don't want
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to be just in etf. you want someone smart manning your money and that is where hedge funds show value. gerri: sort of grand debate, isn't it? active or passive. a lot of people choose one or the other. sometimes you get a blend. here are the results. average hedge fund over the year, march down a third of a percent. april down .17 of a%. s&p 500 up marginally, almost 1% but not really doing better. i know a lot of individual investors can't bet in the game of hedge funds. really high net worth clients who can. what specialty are you recommending right now? what kind of specialization is really paying off? because those hedge fund managers use all kind of strategies. >> absolutely. you know we always recommend our investors to take a cautious approach. tempting to look at s&p, to say, hey, i could have been up 30% last year. but you can't sleep at night when hedge funds are doing better and s&p is going down and you're only invested in the s&p.
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we like to caution our investors to take a longer term approach. gerri: i long the long-term approach. anna, we saw a story today about how much financial advisors tend to earn over a lifetime of savings. i'm not sure how much i believe in the numbers. they shea $400,000 what you pay your fa over time. the truth is, most people don't have a financial advisor for their entire life. so they're probably not paying that much money but what do you think of the idea of having a financial advisor in the first place, particularly people who don't meet your high net worth requirements? >> you know, every firm is different, so even if you can't invest in a hedge fund, if you're not an accredited investor you can still have a financial advisor helping you pick what you want to be invested in. i think they're a very valuable service for the average investor. there is too much going on in the markets to keep track of it if you have a full-time job outside of the investment world. gerri: anna, thank you. >> absolutely. gerri: just keep those fees below 1%. 1% or below. now we want to know what you
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think. here's our question tonight. are financial advisors, are they worth the money? log on to vote on the right-hand side of the screen. i will show you the results at the end of tonight's show. we have more this hour. we take you inside the business of travel. how you can go on an extreme new vacation, cool stuff. we have the best action vacations by land, sea or air, right. gm releases a new video to prove just how safe their recalled cars are but do their claims hold up? details coming.
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engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow.
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i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. gerri: general motors still insisting their recalled cars are safe to drive if you follow some very specific instructions. today the automaker releasing a video telling drivers what to do to stay safe until they can get their car fixed. joining me from rochester, new york, is lauren fix. she's the car coach. lauren, let's get down to this because it is an interesting video. i want to know, this is a big program they have launched to try to set the record straight to get people to bring cars in. is it working? >> well, i think when you put out a youtube video, if you want it to be trending, if you want it to be, at the top of the youtube list, when you go on
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that website, i think you need to make hashtags that are trending and social media to draw people to it because most of the kids that talk to, they will never even know it's there. gerri: well, you make a great point. 2.6 million vehicles recalled. gm trying to convince people to get the car into the dealership and get it fixed. let's listen to this video and then i want your reaction. here it is. >> okay. >> to give you an idea of the extensive testing that we've done to insure these vehicles are safe to drive with just a single key, i want to give you a first-hand look at some of the footage we have supplied to the national highway traffic safety administration. gerri: so there you see, the video and as you said, extreme driving conditions. is this a fair representation of what real gm owners would be facing with these cars? >> well i have actually been to the proving grounds. gm really does have an appropriate proving ground, if the watch the whole video.
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they're trying to replicate what would happen on normal roadways and lovely potholes and everything we have. we know the maintenance of some of these cars if you haven't replaced shocks or springs, you will not be able to replicate natural wear and tear. it's a great example and good for nhtsa because legislators are saying park the cars. kids that own these cars, if you look at graphics you're looking at 20 something years old or people who don't have the finances to afford a brand new car. so, to park the car, they don't have the kind of money to buy a new car or they would be driving a new car. gerri: we were talking before about the key chain. that is what gm says, get rid of heavy key chains, you have an example to show what you shouldn't use. >> a little bit much. this is typical of a youth's key chain or what most people have on their key chains. for a lot of people, easy to find it in your backpack or purse or your bag. but you know, we carry thumb drives and extra keys and
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whatever kind of stuff that they have got. the truth is, the weight on the key is causing load on the tumbler. that could potentially cause it to go to the off position. so they're saying get rid of all that. put the ignition key exclusively on a single key ring, to find it and use that until you get the repair made. >> the other thing they're saying today, frankly they're not even taking their own advice in the video, is they want to you use a specific kind of key. so take a look at this representation of what they're saying. so they're saying use the key with the circular hole in it and not the other one. what is this about? >> well i actually made a phone call to general motors and spoke with someone in the communications departmenand they said the reason they showed that in the video, when you purchase these cars new, they did have the slot the key. when the new ignition cylinder goes in you will get two keys have just a single circle. until then they want you to follow their advice, which is just the use ignition key and when you get the new cylinder
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put in you will get two new keys because our old keys will not longer be useful. gerri: that makes sense. they will give you a new key and don't want to you confuse the two. >> that's good. gerri: what else could gm do to get people back to the dealership, get this thing fixed? >> if you want to reach that marketplace is offer them a discount. thing is, it will be on a used car. if you're buying a car that has 10 years old, its value in total is not worth a lot. you could use it as a down payment on a newer car but i think you have to try and entice them to come in with some sort of a social interaction. you will have to use the internet. i run into people all over the country when i travel. i see one of the cars on recall list, i ask the driver if i can find them, hey, are you going to take that car into a dealer? just kind of getting feedback. of the 99% of the time i get, there's a recall on that car? i didn't know that. i'm thinking, wow, have we not covered in newspaper, print, radio, everywhere?
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but the fact is the original owner no longers owns the car in most cases. so as it changed hands it has gone through used car lots. so if you do know someone, please tell them get your car into the dealership and sign up to the get cylinder. gerri: quickly before you go, lauren, the company said, hey we'll give you employee discount if you buy new. you made a point a lot of people can't do that they can't afford it. how big of a discount would that be? >> it will not be that much. depend on the vehicle. if you buy a cadillac, obviously bigger margin to play with as opposed buying a chevy spark. the spark is a great car. that would be a good switchout or a chevy cruze ecoversion. they have a lot of good car on the market. you could go 1,000, $1500 off. depend how you load it up and finances and credit rating. that will make a difference on financing, leasing unless you buy it out for cash. gerri: great advice. thank you, lauren.
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>> thank you. gerri: coming up later in the show we take a look at tribeca reborn, how this manhattan neighborhood has come back after suffering severe economic damage. next we answer the question, how do you do that? how to look out for stock lockups. we're looking out for you and your money. up. a short word that's a tall order. up your game. up the ante.
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sell. they get to sell and apparent with twitter they all sold. this sending the share price to an all-time low for the company. so where does twitter go from here and what other lockups should we be on the look out for? joining me united advisors chief strategist scott martin. so you know as people who might want to invest in twitter some day what do we make of the fact that insiders dumped stock like a hot potato sending it down 18% and wiping out four billion dollars of market value? >> it was really nasty, wasn't it, gerri? is kind of from, we should have known category because you're right. twitter had a really good ipo. went up 30 plus some% in the couple months and took elevator ride down to where it is now. kind of become the johnny manziel of the stock market, kind of a boom-bust issue. that is the thing, gerri. it is running into the period which is sec mandated lockup where like you said the insiders
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can get out. ipos in general are success for the company especially those on inside and who work there and get shares and accrue them over certain period of time. once you have a flush like this, we saw it in facebook as well, that tend to be a good time to jump in. gerri: that's my next question. is this time to jump in or time to stay away? what's next for twitter? >> so twitter is facing a pretty tough tape right now. meaning the market itself seems to be hammering these growth stocks and it is selectively doing it. twitter is making money. they do have revenues, right? so their cash register is ringing. the problem, gerri, they just can't keep the money via profits. so listen, they're hitting these companies that don't have very good profits right now. so i would wait until this kind of market environment changes a little bit. but i do think twitter will be a good value at some point in the future because the business model makes a lot of sense to me. gerri: well, you know what i do find interesting? about these companies? it seems their business model
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works for a while and then it stops working. the half-life of these companies in view is getting shorter and shorter and their validity in the marketplace, their attraction to young internet users it lasts for a while but it is not like ge. not like companies that have businesses that seem to go on forever. i do think though it's a great idea to look at other companies that have lockup expirations coming up and here are a few. amc entertainment. fidelity guaranty ad life and hilton worldwide. a company called, i hope i pronounce this correctly, zulily? >> zulily is interesting one. internet based company. hilton as well, very interesting. those are two companies still kind of consumer oriented. hilton may be more established kind of like the ge comment you made. you have to watch out for the dates, lockup periods where people get out. it's a simple supply and demand issue, gerri. when supply hits market or there is more of something typically it goes down in value. that is what you're seeing when
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folks dump these shares, prices sufficienter. >> an opportunity one way or the other. either to get out before the selloff, or to pick it up if you like it. can you make a recommendation on one of these stocks right now that we just mentioned? >> yeah. i like hilton, gerri. because they're established. hilton is a worldwide leader. they have good revenues. they have pretty good profits and the hospitality industry as we've seen in recent economic data is contributing a lot to gdp and they're hiring workers. that is a good place to focus some of your investment dollars. gerri: that sounds good. scott, thank you. >> see ya, gerri. gerri: time to look at stories you're clicking on tonight on a mixed day on wall street. the dow jumping 30 go points today with the s&p and nasdaq -- 32 points. weekly jobless claims fell more than expected. number of americans filing for benefits dropped to 319,000 last week, which was better than the 325,000 forecast by economists. the report snaps three straight
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weeks of gains. barnes & noble is planning to expand on college campuses according to reports. the bookstore wants to open more than 300 new locations in universities and colleges within the next few years and it is no wonder the company wants n the average student spend more than 1200 bucks each year on textbooks and supplies. amazon is expanding its sunday delivery service after successful launch in new york an los angeles. amazon prime members in philadelphia, dallas, houston, philadelphia and 12 other cities can order as late as friday to receive orders on sunday. the company is expanding service to most of the u.s. later this year. those are some of the hot stories right now on fox business. still to come, your opinion, it matters to us at the bottom of the hour. you will sound off on what is important to you. i will read your tweets, your facebook comments and e-mails. next, it is the business of travel. are you planning a big trip soon? how to get away from paying
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b1 there has been a blow to crazed airlines. according to a new government report, u.s. airlines are taking in less money from baggage fees than back in 2012. so why? $100 million? what is going on?
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>> one is that the airlines are taking some of the profit and they have installed larger overhead bins and their planes. and so the new planes have also come what larger overhead bins. people are resisting. so fewer people forgo smoking. and people are forgoing checking bags. gerri: here the baggage fees by airline. getting a sense of who is leading the pack and so how is a consumer do you avoid paying these fees. >> one way is to get the credit card to give you a free check rack. and there's no there is no fee for the first year and about $95 a year after that. another thing that i use all the
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time, and a lot pulsates nonsense, but put everything in a box and take it to fedex or kinko's and ship it to your home office. >> it is a great idea. the one i might as well be sure it's going to get there and go right to my destination. >> so generally you don't have to should this come everything in a sturdy box. gerri: here is something i'm worried about. when it comes to baggage fees come i'm afraid they're going to start charging us for our carry-on baggage. how likely is that? >> i'm afraid as well. frontier has just started charging on their lowest fares,
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$25 but now everyone has to pay on these figures. which major airlines are going to be the next to do it? welcome i would say this the one that most people know what it is that they can compete with united in denver. gerri: don't hang around. >> i don't want to say specifically, but it could be united. and i'm sure they're probably thinking that it's creepy. doing so someone made that move, what they say, great idea? remapped jetblue does not charge for the worse back. southwest is not charge for the first and second. however, spirit airlines charge
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and then we took airlines copy them and now frontier airlines copy them. so there's a lot of copycatting in the airline industry. gerri: before you go, what is your best advice for people to save money? >> fly on jetblue. and just pack light. they are not going to charge you toward this carry-on fee. so there's many who have under seat luggage. you can google it. and you don't even have to pay a baggage being. gerri: thank you for the great information. on capitol hill, the travel industry is asking congress to
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reauthorize the program includes foreigners to visit united states, and it's funded in part with the u.s. travel association says it's worth it. roger dow joins us from capitol hill where he just testified. >> we are the only developed country that has never promoted come to the united states and usa's budget has 100 million dollars on that, the return is about 47 to one. this before. gerri: so let's talk about that travel in the u.s. economy. how much can they afford?
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>> it is a labor-intensive industry. and then all of them make up about 15 million jobs. we've added them faster than any others factor in the u.s. economy by 49%. back to where we were prerecession creates a great place to work and possibly jobs you can't outsource. gerri: no, not at all. but it just makes me raise my eyebrows. because it's the number one export it and that is our biggest single export of travel. >> at our biggest service export. if you take $180 billion, it's almost counterintuitive because it is the biggest exporter and the fastest growing, 25% of all export growth luster came from the travel industry.
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the travelers are coming here, they want to come here, they want to spend money. gerri: here is the bottom line that you're asking for. you're going to tax me when i go see my mom in north carolina, or is this only a tax in foreigners coming in the country? >> it is a tax that is only paid by visitors to the u.s. so it's miniscule compared to elsewhere. and these are the people that use our services. >> so how would it be levied? is that attitude that airline ticket? >> a visitor would see it coming from these countries where you don't need it, like the uk. and every two years they have to register and there is a chart for $14. and then they can travel 50
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times. when they register it last for two years. gerri: roger, thank you for coming on tonight. and now we want to hear from you. here's what some of you are sending me. our financial visors, are they worth the money? is a great question from i don't know, but i tend to lean towards no. and gilbert writes that some are not, but most are depending on your needs if you're not using a financial professional, you may need a financial professional. and here are some of your e-mails from yesterday's show. elizabeth warren the leading student death.. and everyone should pay for
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their own education. the youngster can justify to me what he wants that degree and underwater basket weaving, he should have a good reason. and the main problem is they can only teach political correctness. and coming up next, where you want to go on your next vacation? stay with us.
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my dad has aor afib.brillation, he has the most common kind...
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stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
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gerri: it is the business of travel all day long on fox business network. one of the countries best destinations, the pacific northwest. have you been in a matter from face and turn. whitney is with me from his marketing company. tell me what is going on with participation in these extreme sports? >> kids are not just playing tee ball and football anymore. we have between our here for kids to get involved. and it takes a lot to make this go. gerri: tell me about this.
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what you have? is a water that attracts them? ocean? wakes? >> some of my favorite things to play hooky on our little bit of skydiving and we ski around here, with anonymously being surrounded by water. gerri: there's even a pretty nice one country out there as i recall. >> rumor has that. gerri: what is hot and what is not? what is the cutting-edge? something tells me that what i would can that are in it reedsport commute day oh, that is not. >> it's really not extreme, even folks these days, the word extreme, it's really more individual sport that have taken off nationally, stand up paddle boarding. gerri: we are looking at
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pictures of wake boarding. extreme sports for me is riding the subway, so you're teaching me a lot. and we appreciate you on the show today. breaking this down, the conversation into land and sea and air, on land, were you having people do not. >> like i said earlier, the great thing about it up here is in seattle the weather has been great and the mountains are still getting snow. so a lot of us have even played hooky on cinco de mayo and so right now i'm sure a lot of us are heading out to have a lot of fun. gerri: we just saw some people where they are doing some cool stuff. so let's talk about this. you said skydiving? >> yes, absolutely. and out here outside of olympia, washington, the guys that run
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that, it's a third-generation job zone. and it's right near mount rainier. so you can go skydiving in a lot of places, but it's pretty neat to go in the lower 48's biggest mountain. so that is pretty cool. you can go tandem or if you really want to get into it, we will have you out here for a field trip in decertified. >> i'm covering my eyes is watching the video, not sure if you can pull that off areas. >> i am such a scaredy-cat with heights. tell me about your company and how you plug into all of this two i think it's interesting to find out. another west coast is a very different place. the pacific northwest is so different. kids are doing all of these different individual sports. what does your company do? >> we represent athletes and brands and events that are unique to the northwest. i have been here for 15 years.
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gerri: thank you so much. >> thank you for having me. gerri: still to come, my "two cents more". in tribeca is one of manhattan's hottest areas. the brand-new 36 million-dollar penthouse. you have to see it to believe it. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. gerri: coming
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gerri: after the september 11 terrorist attacks, downtown new york took a hit as people left. the neighbors are making a comeback like tribeca with celebrities and restaurants and here is a look. >> you know, tribeca certainly has changed, believe it or not, there are nine new developments going up in this area right now. this was a high-security construction zone for years and years, so that is certainly different. we are in a 36 million-dollar listing here in tribeca. but i want to show you some pictures that we took earlier. because this is more than 7000 square feet of luxury and you can see the different bedrooms. and that's really all about the view here. certainly that is one of the big selling point in of the property. you are going to pay a lot in taxes.
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$11,000 per month. the maintenance on the building, 24 hour doorman service. all of that's going to cost you. but for a high cash buyer is going to spend $36 million, they will likely spend cash in his apartment and that is something that is going to be worth it. so looking at this, this is the main living area and also a private entrance, private elevator, high-security everywhere, and i have had control. so it's going to the kitchen. i just want to show you, take a look at this. and then i had this italian
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marble that they imported from italy. gerri: i could become work. i could serve on that no questions asked. that's easy for me. [laughter] >> that is a huge kitchen. i lived in tribeca. my apartment did not look like that, but it is impressive. so i just have to get my brain wrapped around a. how expensive is this? if you can afford the price, will be paying each month? >> the mortgage is about 10 grand, about $10,000 per month. i did want to show you this, automatic doors, this is something i've never seen before, they are actually, you touch them and they open, it's electronic. this is all the storage that you get. and then again the view is. and then of course the covered
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refrigerator. there's no food in it. it's not a gerri willis refrigerator because you're simply stopped with food. but again, this apartment, i think one of the cool things about it, this is one i think that we should get this international vibe that will come in, it's going to be entertaining and that is the most important thing. by the way, i do want to show you you have new jersey and then you have this opening up of the museum. and that's going to be great this year. so kids and dogs in parks, whole foods, it is so different than it was just a few years ago. and for those of us that live in manhattan, it thrilling to see that this area has come back. robert de niro in the film festival brought in a lot of
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money since he started that film festival in 2002 and his son is a cobroker of this apartment and his father just doesn't want to be on television. gerri: too darn bad. so let me tell you, that kitchen is awesome. because it's so subtle and the way it is designed. >> i will leave you with this. this is your view from the kitchen, and that is, of course, new jersey. the because new jersey has gone so built up, people don't realize that new jersey is becoming it's own metropolis. so there you go. gerri: we will be right back with my "two cents more" and the answer to our question of the day. stay with us.
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gerri: we asked if financial advisors are worth some money, we ask the question on
6:00 pm, 36% said yes, 64 years said no, interesting. thank you for joining us, see you back here tomorrow. neil: you know, when they have a big rush to spend billions to deal with climate change. i should remind you, we already to the opportunit tune of $77 b, true. i am neil cavuto. dirty secret on cleaning up our planet and heating up, is that we're already trying to address it to the tune of 77 billion dollars from 2008 through last year. that how much we commited to various programs to fight climbal change. now we hear that we tens of billions o


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