Announcer this is on the money. Your money, your life, your future. Now, becky quick. We begin with family leave. The United States is the only industrialized nation that doesnt guarantee paid Maternity Leave. That is beginning to change as cities and states pass programs to help new mothers and fathers. Companies like netflix are going a step further. Leave to stay, that is our cover story this week. 2016 has been called the year of the parent. This year, San Francisco became the first city to require fully paid parental leave and new york state joined california, new jersey and rhode island in requiring paid time off statewide. So only 12 of u. S. Employees get paid family leave from their employer because federal law only mandates that the Companies Offer unpaid time. But advocates say as more mothers reenter the workforce, that needs to change. In 1975, only 47 of mom with childrens under the age of 18 worked. Now its up to 70 and its not just mothers who want time off for a new child. The acceptance of paternity leave is growing as well with 90 of new fathers taking time off. A survey by ernst young found that millennials are more likely than other generations to cite paid parental leave as an important benefit. Employers are taking notice, especially tech companies. That are fighting to retain talent. Netflix offers unlimited paid parental leave for the childs first year while facebook offers four months. One woman is taking the conversation further in her fictional novel meternity. The main character fakes a pregnancy so she can have time off from her job and the novel sparked some criticism from some who thought it trivial liesed Maternity Leave. Joining us is the author megan coy. Thank you for being here. Its a fictional novel but it did touch a nerve. Yes. Its fiction that was meant to be a lighthearted book but a woman, 31, single, works at a beauty magazine and shes burned out at her job so in a screw ball way decides to fake a pregnancy because shell get what she perceives as the rights and privileges of those that are pregnant. And the New York Post picked it up and says she wants all of the perks of maternity without having a baby. What happened . I think they kind of took the idea of the book and created my headline. You know, so the idea for the story was i was sharing this story that i did, i quit my job to carve out time for myself and freelance but it was really meant to be my personal story and i called it a meternity leave but a joke to myself because all of my friends were having kids and i wanted that for myself. So its a way to joke around with myself and i called it my meternity leave. I will say it caught my attention just because there are so many feelings about Maternity Leave, about what mothers can and cant do right, about just workplace leave and i think its probably an evolving workplace at this point where things are changing pretty drastically. You waded right into the middle of that conversation. I think what was crazy, i had written this book from this totally visceral place, just feeling it myself and i was interested in it and then after the story came out i realized how universal this was and how many of us are struggling with it and balancing everything. In the workplace today, i think employers are much more flexible than they used to be. Not just Maternity Leave but paternal leaves right now or leaves so that you can take care of a sick relative or pet. I think its forcing the workplace to be more flexible and maybe thats a good thing for all of us. I think some people feel like its difficult to ask for that flexibility but i think there used to be onetrack to do things and now theres so many ways to go about it. One of the things you cap actual really brilliantly in the novel, too, is the controversy that it creates in the workplace. The coworkers taking advantage maybe or taking some of these policies and going with them people get left behind to clean up their work. Thats probably something youve experienced, right . Yeah. I think in my early 30s i had always thought in my 20s you work really hard and cover for the women in their 30s and 40s and have kids and eventually the cycle will come around for you but i think at that moment, 30, 31, it didnt happen for me and i thought, what am i going to do . It is a little bit unfair but all of my friends started having kids and you see from the other side how difficult it is for moms going through this and how its not easy at all. They are doing two jobs. And i dont feel that way anymore. Youve evolved in your thinking . Yes. Ive heard from people dealing with this, too, and they are like, it is unfair. I think there is a sentiment of that. The addition of social media and the internet makes it a much more veer viralant stressful someplace when you hit a controversy or a nerve like that. Yes. It was frustrating because the story didnt reflect what i feel but i can understand where moms and people were coming from when they were attacking but at the same time, when you dont see the effect your words are having on the person, it makes it easier to hit send and thats a little difficult and i think maybe before, assuming somebody feels a certain way, maybe you might want to ask them. Do you think everybody deserves a break from work at some point . I dont think people deserve a break necessarily but i think it can be a positive thing. Like if you can make it work for yourself or talk to your employer and figure out because you created a great track record for yourself and ill come back way more creative and productive, it can be a good thing. What are you doing now . Im trying to work on my next book. Any ideas that you can throw out at us . Yes. Ironically, one of the characters in this book, i was fascinated by her friend brie so im going into her life and seeing what shes dealing with. Its about a single woman trying to find love. I think you made a lot of people think. Thanks for coming on. Thank you for having me. Now heres a look at what is making news as we head into a new week on the money. Oil prices bubble to a new high. Crude oil above 50 a barrel because of falling supply, increasing demand and weaker dollar. Recent fires in canadian oil territory were also responsible for the rising prices. That in part pushed stocks up in the middle of the week. The market seems to like higher oil prices. The dow closing above 18,000 for the First Time Since april. The nasdaq and s p 500 hitting their highest levels of 2016. Stocks fell on friday. If it can happen to him, it can happen to anyone. Mark zuckerberg had some of his social media accounts hacked recently. It turns out he used the same password for them. It was da, da, da. Probably because he is a new father. Were guessing he wont be using that again. Up next, were on the money. Seeing the future. A new experimental medicine that is decades in the making may actually prevent these children from going blind. And later, are you ready to buy a new car . You better make sure you check your Credit Report first. Why someone elses money mistakes could ruin your deal. Take a look at how the stock market ended the week. Me go, this is pretty interesting stuff. Its really cool stuff. As we learn more about genetics companies are turning that knowledge into more effective treatments. We met one family whose kids are some of the first people to try this. Let me see that. Reporter caroline and cole carper have been through more of your typical siblings. I cant imagine it being any different than the two of them being together and going through this together. You know, theyve had to learn braille together and gone to school for the blind together. Reporter they were both diagnosed with lca, a rare retinal disease. The doctor really said theres nothing theres no medical treatments at this time. Reporter both caroline and cole were expected eventually to go blind. But their parents found an experimental treatment and two years ago, the kids enrolled together in a clinical trial. It was a spark therapeutic, a Biotech Company formed out of the research of Childrens Hospital of philadelphia. The idea is were taking the correct functional copy of the gene and adding it back into the cells that have dysfunctional or missing copy of that gene or blueprint. Reporter its called gene therapy. And its relatively unchartered territory medicine. The Technology Uses a modified virus to deliver a healthy copy of the gene to make up for one that causes disease. Scientists have been working on it for decades. But only now are the first gene therapies approaching the market. Spark is the most advanced. The healthy genes are delivered through eye surgery. Once they are in place, they are designed to do the work of a normally functioning gene, meaning patients only undergo treatment once. In trials of 41 patients, the therapy has shown to improve both vision and light sensitivity with no major side effects. Caroline and cole were no exception. Before their surgeries, both kids had trouble seeing in low light. Now, though their vision is not perfect, they say they are noticing big differences. Good things are to come. It was snowing and im like, oh, i can see the snowflakes. It was really cool. To actually see something ive never seen in my life before. Reporter spark is one of several Companies Developing gene therapy targeting everything from Sickle Cell Disease to other disorders. If successful, it will be a new paradigm, fighting genetic disease in one treatment. I thought it was really cool, how simple it was and how it changed my life. So we mentioned gene their piece designed so patients only have to receive one treatment. Spark is so committed to this idea, it chose once, or o. N. C. E. As its stock ticker. Its getting fda approval for this treatment. This is amazing. Watching those kids to suddenly be able to read, thats amazing. He was a braille champion before getting this treatment. It was really incredible. When you talk about a onetime treatment, thats phenomenal for the patient receiving it. Unfortunately the way markets work is a lot of times youre going after the drugs that will give you the most money and the most return and that tends to be the ones treated as chronic illnesses. How do they price Something Like this when its a onetime treatment . Thats the biggest question about this new class of drugs because a lot of Rare Diseases youre paying 300,000 per patient for the rest of the patients life. For something given once, do you pay a onetime cost of 1 million up front or do you spread that cost out with new economic models that we havent even tried before in the drug industry . So this is all being talked about right now. Its amazing to see the progress that theyve made. It sounds like its out of science fiction. It does. Meg, thank you. Uhhuh. Up next, we are on the money. No credit . That is a big problem. Why not paying your bills on time could ruin your chances of landing that dream job. And two american hikers trekked to the top of mt. Everest and took snapchat along for the journey. Dinner may i be excused . Get the new xfinity tv app and for the First Time Ever stream live tv, watch on demand, and download your dvr shows anywhere. If youre planning on making a big purchase or changing jobs anytime soon you might want to make sure you check on your Credit Report first. This detailed history of your borrowing and spend something often looked at by employers or big banks and if youve got bad news on it that is bad news for any of those. If you cant remember the last time you checked your report or dont know where to begin, dont worry, Sharon Epperson is here to explain. Sharon, for people who arent that clear about it, what is a Credit History, what is a Credit Report and how do you go about checking on your own . I lot of people know that your credit score is something lenders will look at but they dont understand what goes into making that score, that is your Credit History, the information on your Credit Report. That includes credit card balances, your auto loans, your mortgage, sometimes rental information will be on there as well as any bankruptcies you may have had, any negative items that you may have had. I would also like to point out that even a collection on a library fine to be on your Credit Report as someone who knows someone where that happened, wont say who that was. You, right . Boy. What happens . How far back does the Credit History go . If i want to check mine now where would i go about doing that . Negative information will be on there seven years. Thats something that you have to keep in mind. All you can do is pay your bills on time and wait it out to make sure that that has less of an impact overtime. You want to go to experian, equifax and trans union, you want to get a free copy of your Credit Report from only one place, annual Credit Report. Com. You can get a copy from each of those agencies once a year, once every 12 months. For free. For free. If you do find some errors on that report, things that youre pretty sure are not yours what do you do about it . You need to look at your report, figure out what the errors are, circle them, make sure you understand what they are and get the supporting documents to dispute why they are errors and then you need to contact the Credit Reporting agencies, let them know about it as well as the creditors. What if you find some pad information on your Credit History and you realize that it is you, it was the library book that you kept out and owed 2. 50 on. Then what do you do . You have to fix it. You can fix it yourself, you can perhaps go to a Credit Repair Service if you think that they can do a job for you thats going to be a legitimate job. What you want to make sure is that you dont get scammed by some companies out there, say theyre going to fix t make it go away right away, thats not possible. How do i know a scam from the real thing. Its best to try to do it yourself first. There are websites out there that will rate Credit Repair Services. I think its better to try to do it on your own. If they say theyre going to try to change your identity or help you change your identity, thats something that you want to be aware of. If they charge you an up front fee, a Credit Repair Service says pay us this now and we will fix it all for you thats likely a scam. I will pay you tuesday for a hamburger today. Sharon, thank you. Up next on the money a look at the news for the week ahead and the mountain climbers facing a life changing decision near the summit of the worlds tallest peak. Renews from within. Plumping surface cells for a dramatic transformation without the need for fillers. Your concert tee might show your age. Your skin never will. Olay regenerist, olay. Ageless. And try the microsculpting cream you love now with lightweight spf 30. Looktry align probiotic. Our digestive system . For a nonstop, sweet treat goodness, hold on to your tiara kind of day. Live 24 7. With 24 7 digestive support. Try align, the 1 ge recommended probiotic. Cathys gotten used to the sme. In her kitchen rbage. Yup, shes gone noseblind. She thinks it smells fine, but her guests smell this. Ding, flies, meow febreze air effects heavy duty has up to. Two times the odoreliminating power to. Remove odors youve done noseblind to [inhales] mmm. Use febreze air effects, till its fresh and try febreze small spaces. To continuously eliminate up to two times the odors. For 30 days febreze small spaces and air effects, two more ways. [inhale exhale mnemonic] to breathe happy. For more on our show and guests, go to otn. Cnbc. Com and follow us on twitter onthemoney. Here are the stories coming up that may impact your money this week, on tuesday the medical open Market Committee begins their two day meeting. We will see if they raise interest rates. We will also see how the retailers fared for the month of may. And jimmy page and robert plant of led zeppelin are set to appear in court over a Copyright Infringement case for the strong stairway to heaven. And friday brings new data on real estate. Thats when the number of Housing Starts for the month of may is released. Its unusual enough to try to climb the worlds tallest mountain. It is even more unusual to do it without bringing along additional oxygen. What two men did bring along without the oxygen this time around was snapchat. Everest no filter, that was the hash tag for the first time that gave followers a look at their adventure. One made it to the peak and the other did not but both returned safely. I asked about the hardest part of their journey. For me, the hardest point was the point that i turned around. This was something that i had dreamt about since i was a kid. Only 1500 feet away. 1500 feet from the summit, got dangerously cold, shivering uncontrollably. Theres no question, i had to turn around and come down because this is more important. Life is more important. I give you massive kudos for recognizing that it was something that you needed to turn around. That must have been really difficult. It was. Its something im going through now, feeling that and knowing i made the right decision but i failed on the mountain. Corey, you made it to the top with no oxygen which is something fewer than 200 people have pulled off. What for you was the most striking thing, the scariest thing, the most concerning thing along this journey . The hardest part for me was adrian turning around and for a number of reasons. A, youve spent all of this time being with your partner and investing so much time into the climb and then they leave and that put me in a position of being alone on the mountain in the dark in a storm and thats very scary. But the hardest, you know, sort of i guess the most striking thing for me is how little impact being on the summit actually had. I was there for three minutes and then i was gone. Two months of climbing and planning. Yeah. And really a whole lifetime of investment into climbing and thinking about this and wanting to do this and then you are there and youre like, im scared and i want to leave. You brought the world along with you with snapchat. People were really able to see and it was an unfiltered view of what was happening. It really felt like an experiment for us. Snapchat posts right away. Its instant and i just loved that because i think a lot of people dont understand what it takes to climb everest. Was it about getting feedback . Was that motivating you guys along the way . I think, yes. Absolutely. Especially on summit day, there is an element of like you know, i dont want to say the worlds watching but it kind of feels good to have people who have your back and they are invested and excited. Adrian, youve been doing mt. Everest many times. How many times to the top . Six times over the last nine years. When is enough enough . When is enough enough . You know, im not sure. I truly love the human struggle that happens on everest. So clients with supplemental oxygen, they push their bodies so far. It takes so much mental strength. I love watching that. And thats what i really felt this year, like finally finding that point of failure and being broken by the mountain. I loved it. But youre going back, right . Im dreaming of going back. Are you going back without oxygen . I certainly want to try. Is this just a way of life for you at this point . It is a way of life. Ive been spending seven to eight months a year living in a yellow tent on mountains on the planet in the last 20 years. Certainly its my way of life. I just think theres a misunderstanding that once you do something, you stop. You reached the point. And i dont think climbers, especially people who are very passionate about climbing big mountains, there is no box. Its a motion through life that continues to give. And i just want to say congratulations to both of you. Were glad youre here safe and we look forward to hearing of your other adventures. Thank you both. Thank you so much. Thats the show for today. Im becky quick. Thank you for joining us. Next week, how to keep your pets safe and healthy this summer. Each week, keep it right here. Were on the money. Have a great week and well see you next weekend. Hey there. Were live at the Nasdaq Market site on this tough afternoon for stocks. While theyre getting ready, heres whats coming up on the show. England yes, you can add that to the growing list of concerns. But relax, weve got a way to protect your whole portfolio for less than five bucks. Plus, heres how thursdays investors are for yield. Good thing we have a way to create income out of thin air. Well break it down. Plus, forget gold and oil. Another group of commodities have gone hog wild. And its setting up for a perfect trade