Recession since the great depression, the divide between the rich and the rest is still deep. Can there be a real economic recovery if everyone cant say its 78 and sunny . Stephen moore, chief economist of the Heritage Foundation and a coauthor of a new book. Austan goolsbee, professor at the university of Chicago Booth School of business. Gentlemen, thanks for joining us. The economy we learned this week shrank in the first three weeks of the year. 1 contraction. First time in three years. Blame it on the weather, kept shopper out of storesance house hunters out of homes. Looking backwards. Looking forward, growth as high as 4 this quarter. Stephen, is this a recovering economy . For the past 15 years, a bipolar personality economy. You get some months where you get a nice buildup in the economy, and weve had 3 or 4 growth, then it tumbles again. Thats been the pattern throughout really this fiveyear recovery. I would say for most americans theyre still very worried. Americans are theres still way too much unemployment and the real anxiety is among middle class people who have jobs. 90 of the americans who have jobbed that are very worried about losing them. I would argue 90 of americans dont have jobs. Its actually less. You may be right. Lets not tear apart economic statistics. Everyone will turn the channel. Let me ask you this, austin. I worry about this caution. You have stocks hitting fresh record highs this week. Look at the bond market. Talking about caution theyre seeing. Tenyear treasury bell below 2. 5 , a sign of weakness. Whats happening here . Why cant we get confident about the economy . You know, i agree with you. We should be worried about that. I think the main thing that has led this recovery to it is recovering but it doesnt feel that great, and i think steve is right, that people remain worried. I think its that we had a bubble. The bubble popped. The economy cant go back to doing what it was doing before. And thats a slow process. It means people have to move states, change industries. Got to do a bunch of transferational things that are relatively slow. Now, i think the decline of gdp and the forecast rebound, a lot of that, you say, has to do with the weather. Overall, shown modest growth. No better than modest, but no worst thanned monthest either. Austin, how do you get to that part of the economy thats doing well . Where theres fights, battles for talent . Where people are making money. People are making money in stocks, where companies are starting to build out and buy equipment again. How did you make sure youre in that part of the economy and not the part thats not doing anything . If youre a earn, the data screams out at you its about skills and education and training. And weve got to find a way to get people retrained. One of the biggest problems here facing in the longterm unemployed is theyre not coming from industries that are growing, and they dont have the skills to move into those industries. Christine, i would add something to this. There was a front page story in the wall street journal friday that talked about the regional, difference in terms of the growth in regions. Save a promotion. What my book is about. The fact that youre seeing real growth in the southern states, and some of the mountain states, you know, my son is graduating from college, as you know. He cant find a job. I said, look, justin, if you want a job, move to texas. You can get a job in five minutes in texas. A lot of states where the economy is booming. I think it has to do with the policy differentials. The region really get creamed right now is the northeast, where you live. New york has lost more jobs than any other state. Yeah, and home prices in the most recent case, home prices fell in new york, one of the few regions. Two key reports on ceo pay. Average ceo made 11. 4 million last year. Re wan the numbers, guys. It would take 756 years of fulltime work at minimum wage to make what the average ceo makes in one year. Or cut it this waysthe combined income of 224 families making the Median Household Income to reach what the average ceo make, median ceo pay. Is thas sign of strong corporate performance, austin, or another, i dont know, another line in the growing income inequality story . Its probably both of those. You know, corporations have returned record profitability. So you can see why the shareholders are saying, reward the guy. Hes making us a lot of money. Thats why the stock market is going up. At the same time it is a sign of a vastly diverging economy where a few people are doing amazingly well, and there are a lot of people who are really struggling to get by. Thanks, guys. Have a great day. All right. How to improve to make sure its 78 degrees and sunny in your economy . The single best way, education. I agree. A trendy debate. Is it worth it . The answer is College Worth it, clearly, its yes. Last year the average college grad made more than 29 an hour. The average high school grad, about 16 an hour. David otter actually found not going to college will cost you 500,000 in lifetime earnings. Cost you. The Unemployment Rate for college grad is much lower. Right now 3. 3 for College Graduates age 25 and higher. High school grads, above 6 . Numbers clearly say college is worth it. Another number. The cost of college, up 544 since 1985. Seven in ten College Seniors graduate with student loan debt. Why is it so expensive . Tech billionaire, Dallas Mavericks owner mark cuban told me what he thinks. Talk about a bubble. An absolute bubble for tuition and the bubble thats going to burst is when someone smart comes along, finally, some politician and proposed were going to limit the amount of guarantees in Student Loans to 10,000 a year. Ive heard that theory before. Former education secretary bill bennett made the same point right on the show. The availability of federal funds continued to drive up prices. The question isnt whether college it worth it. Clearly it subpoena the question, whether its time to rethink the way we pay for it. Coming up, brad pitt may have gotten all the attention after being attacked at the maleficent premiere, but Angelina Jolie is the real star of the movie. How hollywoods highest paid actress makes and spends her money. Next. Led to the one jobhing you always wanted. At university of phoenix, we believe every education not just ours should be built around the career that you want. Imagine that. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Once again the unimaginable horror of mass killing making headlines. Santa barbara mourning three victims, three shot to death, three stabbedsthe constitution gives us a right to bear arms giving Business Owners the right to sell them. Kevin wright sold guns to the shooter in santa barbara. It happens from time to time, but what about the guy sold him the knives or swords that he used or about what what about the guy that sold him the car he was driving around hitting people . I mean, do they feel bad or knew he was going to do something bad with it . Gunmakers arent seeing pressure other than sales of handgun. In fact, just the opposite. Smith wessonest positive eses in sales and stock up 17 so far this year. Colt plans increase production, private company, obviously a sign of increased demand. Gun sales dipped earlier this year, probably because of increased background checks and slowing demand for assault rifles but americans love guns. Business is good. No matter how you feel about them, theyre big business. Around 4 billion in annual sales of guns, handguns, firearms and ammunition each year. For more stories that matter for your money, give me 60 seconds on the clock. Google may be rainbow color, but the work force doesnt look that way. An internal reports 70 male, 64 white. Just got cheaper. Owners cut the price from 79 to 65 per square foot. 44 of office space still vacant. Wall street and the world cup. Goldman sachs created a model for predicting the winner of the International Soccer tournament. The banks favorite for the cub, brazil. Partly because of the teams home field advantage. Did apple just pay 3 billion for these guys . Hiphop legend dr. Dre and Music Executive jimmy foreign minister livine. And disneys frozen, became the fifth highest gross ever. With maleficent out this weekend, disney is hoping for another hit. The movies star Angelina Jolie is known for action movies, but mostly animated. Her two highest grossing films, kung fu panda, 1 and 2. Heres how she works and spends her money. Well, well. Angelina jolie is starring in minding your business. Her character might be bad, but her business is definitely good. [ laughter ] a big screen presence for decades. From a girl interrupted. Lets go. To action heroine. Still alive, baby . We neat to get to that tower. Reporter altogether her movies brought in almost 5 billion at the global box office. I like it. Reporter now shes taking on another childrens movie thats suring to a hit and bringing home an estimated 15 million paycheck. Is it true . Reporter shirr was the highest paid actress in hollywood without even appearing on the big screen and also the only woman to crack the top ten highest paid actors lists, making about 33 million. Yeah. Well i have a stupid income for what i do for a living. Reporter a lot of that cash came fra highprofile endorsements like her 10 million deal with Louis Vuitton but also has her own wine with brad pitt and her own jewelry line. Now known more for what she gives back than what she makes. A very heavy experience. Reporter donates about onethird of her income to charity. Given time and money to the u. N. Refugee agency more than a decade visiting dozens of kurnlgts i love spending time with refugee, a great reminder how we should all view life. Reporter spends millions funding schools and clinics around the world and has been outspoken on capitol hill and abroad about childrens immigration issues, preventing Sexual Violence and more. Brangelina sold pictures of their dwtwins fors 14ds million. The most expensive ever taken to benefit theyre foundation. There are other families in the world that arent as fortunate as ours. Reporter actress, activist, philanthropist. The business of being Angelina Jolie is all about taking action and giving back. I cant do anything but be grateful for what i have. Angelina . The only jolie in minding your business. Her daughter is also in the movie making a reported 3,000 a week. Not a bad paycheck for a 4yearold. Up next, the surveillance economy. One new york city star is asking residents to track each other. What theyre looking for, next. Tell the good from the bad . O so we gave people the power of the review. And now angies list is revolutionizing local service again. 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Woo hoo [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. New york city home to more than 8 million trying to count every person on its streets. The city is working with a startup using existing surveillance systeming to track where people are, what stores theyre in and even what theyre carrying in their hands. Rachel crane has the story. Reporter americans spend roughly 37 billion hour as year waiting in lines. At the grocery store. For a hamburger. At their favorite restaurants. Imagine if you didnt have to . That may soon become a reality in new york. Where theyre embracing new Recognition Technology that will count every pedestrian in the city. Every neighborhood in the city walks. We really need to have an understanding of what that activity looks like to serve new yorkers better. Reporter over 60 of commuters in new york city travel by foot or public transit. For a city of 8. 4 million, thats a lot of people to count. The department of transportation counts pedestrians around the city and send a few people to go twice a year and they just sit there with umpire pitch counters. Doesnt really give a view what its like day in, day out, through different seasons. Reporter a startup called place meter is trying to change that providing a realtime picture of, nos pedestrian traffic using hundreds of existing video feed around the city. We lay in computer russian all algorithm. Reporter counting about 10 Million People a day and can count occupy people are inside a building. The citys already using the data, providing pedestrian accounts to businesses in the Online Business atlas and data integration. Inside of yelp or google maps you could set up an alart telling you that restaurant you always wanted to try but it always packed, right now is the right time to go. Reporter today the company only covers about 25 of the city. To help count the rest, place meter is offering to pay residents to stream video from their own windows using an old smartphone. Today we count different kinds of vehicles on pedestria pedestrians. Tomorrow we classify gender and age. Then detect people with strollers or bags and things like that wrt with Detection Technology rapidly improving an obvious concern, whether their stapes can track the detail of our daily lives. What we do is turn video feeds into data. By nature, they are creepy, until somebody looks at them. In our case, a computer looks at them. When one frame goes to our system, we process it, turn it into data and delete t. A lot more things were e can do if we have better understanding of the pedestrian in the city. When to schedule trash pickup. How many police to deploy to an area. The brter information the better youll be able to manage it. Not waiting in line . That would be something in new york city. Coming up, Steve Ballmer is ready for courtside. From selling computers to buying an nba team. The man and antics behind the 2 billion deal, thats next. Sea captain theres a narratorstorm cominhe storm narrator that whipped through the turbine which poured. Surplus energy into the plant which generously lowered its price and tipped off the house which used all that energy to stay warm through the storm. Chipmunk theres a bad storm comin narrator the internet of everything is changing how energy works. Is your Network Ready . The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Humans. We are beautifully imperfect creatures living in an imperfect world. Thats why Liberty Mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. Call. And ask an Insurance Expert about all our benefits today, like our 24 7 support and service, because at Liberty Mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. Plus, you could save hundreds when you switch, up to 423. Call. Today. Liberty Mutual Insurance responsibility. Whats your policy . Right now you know all the dirty secrets of the Sterling Family. What about the guy buying their franchise . Steve ballmer, rising to its top of microsoft when it ruled the tech sector. Judging from his past antics, hell fit right in as the newest nba owner. He always seemed ready for courtside. Former microsoft ceo Steve Ballmer was famous for energizing his employees. I have four words for you i love this Company Reporter ballmer started, would go at the company and his oversized personality became known fast through videos like this, promoting windows 1. 0 in 1985. Watch as windows loads lotus with miami vice. Reporter and a spoof to this 90s club hit. Baby dont hurt me Steve Ballmer. Reporter in 1998, ballmer rose to president , then ceo in 2000. Taking the company through hits like xbox and kinect and flops like windows vista. Our job, our job, is to make sure that not only is pc not dead but were constantly innovating it, reimagining it. Reporter he stepped down at ceo of microsoft just three months ago but remains on the board of directors and is a digger shareholder than bill gates. Hes worth more than 20 billion, according to the forbes and sits at number 35 on the magazines annual billionaires list. Ballmer grew up near detroit where his father was a manager at ford motor company. He went to harvard and briefly attended Stanford School of business and is no stranger to the business of sports. His name has been tied to a possible deal for the sacramento kings. But that fell through. Now hes poised to make the biggest nba deal ever going from hightech billionaire to courtside baller. Four words ite write the check. If the deal goes through that gives the Sterling Family trust a whopping 16,566 return on their investment. Donald sterling bought the clippers in 1981 for 12 million. From one tech mogul to another, square ceo and twitter found e jack dorsey wants to give Small Businesses quick access to cash. Its an alternative to the traditional loan. Our own Laurie Segall sat down with dorsey. What is he trying to do for Small Business . He wants to help Small Businesses grow. Always jacks thing. First square was essentially, lets help Small Businesses accept credit card payments. Now saying give them an alternative to a loan, a cash advancement if they want. Not charge interest, pay percentage by day. I asked Details Behind that. Listen to what he said. We have this deep, deep understanding of our merchants, because theyre running their own business on the register, we can actually advance them working capital, and we made it very, very easy for them to pay it back in the course of doing their business as well. I think data is the key word here, because now a lot of Small Businesses are using Square Register and every time someone swipes their card, score takes a little data about the company. What hours are people buying coffee quite a bit . Now theyre able to look at it and say, question can tell if you need money, we can advance this, and thats the thinking. A little pivot for the company, which to date has focused solely on mobile payments. Talk about him a second. A twitter founder, now square. He uses an interesting term to describe himself. He does. Let me preface this with the fact he used to have blue hair. Has a taught tu on this forearm. Had a nose ring, ear piecing and calls himself a punk. Listen to this. Im still a punk. I always what was amazing to me about the punk scene, why i got into it is because there was a confidence of, im not going to go off and be shy about learning. You know, hes always, has a fight in him. Scrappy fight. At the beginning of twitter, everyone said it wasnt going to work and ales of people said it with square. How does he deal with the stress . Takes an hour and a half walk to work every day. Starts, wakes up at 7 00, gets to work add 8 30. Doesnt look at email, text messages, listening to music and it helps him be centered and thinks about things and takes a different route every day because theres something surprising about deviation to routine. He is a punk. A punk. Thank you for starting your saturday smart with us. Follow me on twitte twitter christineromans. Have a great weekend, everybody. Hello. Im dana bash in for fredricka whitfield. Were following breaking news in the cnn newsroom. Americas only known current prisoner of war is now in u. S. Custody. Army Sergeant Bowe bergdahl was taken in afghanistan in 2009, and now weve learned this special forces picked him up at 10 30 a. M. Eastern from his captors in afghanistan in exchains for his releases u. S. Handed over five detainees from guantanamo bay. Bergdahl is now in a Forwarding Operating base in afghanistan and his family just hours ago learned he was free. The local qatar government brokered the deal