There are just two weeks of summer officially left. And if you havent taken vacation yet, join the club. Only 25 of americans use all of their paid time off. But that could be a big mistake, both for you and your company. Why . That is our cover story. Your dedication to the office may actually be damaging your career. If you take ten or fewer Vacation Days, you are leslie like to receive a bonus or raise in the last three years. Still millions of taking less time off. The average number of Vacation Days taken has fall tone about 16. Four days less than 209 days most people took off in the 1990s. 340 of workers fear returning to a mountain of work or no one else being able to do their job. The results, last year 600 million Vacation Days were left behind and unused and that could hurt the economy. Using the days to get away would add 223 billion in spending and experimenting with their vacation policies. Ked, which is best known for the ted talks, closes down for two week break to employees know they are not missing out. We go on break and we are not thinking about work or our in boxes and we come back at the same time and were refreshed and rey to going again. Believe it or not, some foe bior your vacation. Fs to every note gives a 1,000 bonus bnb get an extra 2,000 to travel. Joining us that talk about the value of vajation is katie dennis of project timeout that began out of the u. S. Travel association and sarah green carmichael of the Harvard Business review is here and welcome to both of you. Thank you for being here. And sarah, lets talk about why americans arent taking all of the days theyve been granted. It really comes from the same impulse that makes them a good responsibility, a sense of duty. A sense of ambition. These are all things that help us on the job. But i think for a lot of us, they could sort of push us too far and maybe even push us into burnout and make it hard tore take the time off. Katie, why is it important that employees take the Vacation Days theyve been granted. I think americans work really hard but we need vacation the break so we could work smart. And i think the value of vacation goes so far beyond just the time off that you get youre going to get the best version of the person you hired. You will get someone more engaged and more productive and creative and they will want to stay and those directly affect your bottom line. And katie, lets assume you work somewhere where maybe the boss is a little lessen lightened in their view less enlightened of what you are doing with your Vacation Time and maybe discourage these and do you have any tips to people that could take the days and not feel guilty about it. One of the first things, it. We have a culture of silence around the workplace where twothirds of employees hear very little if at all about vacation and we fill it with fear and anxiety and if we start a conversation people would be surprised to see that the managers we survey with positive about vacation and they know it is good for employees and the team. Wait a second. That the good in theory. It is not good when you have things that need to get accomplished and a work staff that is thin because weve run into where weve asked for Vacation Time off and been told we cant take it or made to feel guilty if you do actually take it. And i think do you have to be responsible about your request. Think about the timing. Think about what is happening. And that is where planning could be really effective. If you block your calendar and you are very clear with people when you are going to be out, it most fear by saying im going to be out and make sure everything is covered and instill that confidence in your company. Sarah, i will admit im one of the people who overbooks my vacation and i feel like when im coming back to work and it is a relief, a vacation from my vacation. Would tips would you give to people to make sure you are taking a vacation that is worth it and rejuvenate you. One of the people come back feeling stressed out is plan company and for you. Second, make sure that when you are researching the destination you are going to, you have a lot of local information. Hire a travel agent or get local information and some other way and make sure that could boost your enjoyment of vacation and reduce the likelihood that something will go wrong that will cause you stress. And finally, go far away. And in the survey, they found that people, when they asked people the most rewarding vacation experience you had it the country. So if you do those three things, there is a greater likelihood you will come back feeling refreshed and ready to go back to work. Katie, do you agree with that, going somewhere where your iphone and your blackberry didnt work. The idea of unplugging is all of the rage right now. But for some people it stresses them out more to have complete disconnect. So make sure you set boundaries for yourself. That is the most important thing. If you are going to check emails, say from 8 00 to 9 00 available to my family and friends and whoever im with the rest of the time. The boundaries will let you enjoy your time more and it will be an expectation for the people you are with of when you are available to them. Sound advice but i have a feeling a lot of americans will have a tougher time taking this advice and following up on it but thank you for your time. Thank you so much. Thank you. Now here is a look at what is making news as we head into a new week on the money. Shoppers were more cautious with flat in july. Below the expected rise of four tenths of a percent and the Commerce Department said americans spent let on food, electronics and clothing but auto sales and Online Shopping were higher. Part of the reason consumers may have been spending less is the Consumer Price index dropped and that is a sign of deflation, dropping by four tenths of a percent t decline for march. It is a strong week for stocks. The all three indexes posted record closing highs on thursday. The last time the dow and the nasdaq and the s p reached new peaks and same day, almost 17 years ago, december 31 of 1999. The stocks closed mixed on friday. And the chefs at burger king have been busy. They are introducing what it is called a whopperritto. Let me say that again. Wopper. It will be out for a limited time and sell for 2. 99. Walmart is counting to accelerate the obligation with amazon. We introduced you to the ceo a year ago and when the Online Shopping site launched. This time i sat down with the ceo of both companies and asked why they are teaming we are syrianus mr. Ecommerce and as weve been watching jet. Com grow weve paid attention to their ability to scale so quickly, i think walmart has got an incredible set of assets. It just gives us scale almost overnight because there they are doing hundreds of billion dollars of dollars of revenue and with incredible purchasing power and the 4600 store network is a really powerful asset for any company to leverage. We talked before about the centers and an operating system but we have even Higher Expectations and Higher Standards about what we ultimately want to achieve and the jet brand adds to the walmart portfolio. Mark will focus on the United States for walmart and jet and help us innovate in ways that we wouldnt have alone and faster. And were going to take the ideas and put them all over the world. Have a lot of ideas, but they have to do with ecommerce with walmart. My thanks to Doug Mcmillan and mark laurie. Up next, were betting on batteries. How a rare element may help fuel the future. And later, going for gold. And going broke. The huge price parents are willing to pay for their kids to chase olympic dreams. Right now as we head to a break, take a look at how the stock market ended the week. Passionate about people and that is what helped me get started in business. Im michael churn yao and im the owner of sea mores. The crew is my family too. We offer three staff meals and run a weekly benefit and offered aflac. It allows the crew to focus on the work in front of them because they know they have extra coverage. Making people happy, that is our number one you listen, and you laugh and you worry. You do whatever it takes to take care of your familych and when it is time to plan for your familys future, were here for you. Were legal zoom. And for over ten years weve happened families just like yours with wills and living trusts. So when you are ready, start with us. Welcome despite the fact that a gallon of gas sells for just about 2 and in some places even less, there is a race to develop a new energy source. It is mineral in high demand and used for batteries and electric and hybrid vehicles. Phil lebeau takes us to a lithium mine where the power surge is generating jobs and benefits. That is not a mirage. Thare lithium extraction nevada and it eventually leaves behind lithium. A primary component in the batteries used for cell phones and electric vehicles. Weve been driving demand up for a long time with electronics and portable electronics but now it is the electric vehicles and they demand more lithium. Reporter ure engy mi is ng to tap the supply of lithium in water tables deep below the nevada process of waiting for months for the water to evaporate to build behind lithium, they want to build a processing plat to produce it within hours after it comes out of the ground. It is important because the mineral is in demand but also because this desert is just four hours from reno, nevada, where tesla is building a plant that will be a huge supplier of lithiumion batteries. It is called the giga a massive facility where the Sustainable Energy Company Tesla is shipping powers by lithiumion battery packs. And it has a superexponential rate. And they expect to Start Building lithium battery packs for the new vehicles, including the new model three which will 35,000 and according to tesla could generate huge sales. I believe we are on track to meet the half million in 2018. Reporter more than 90 of the cars and trucks in the world are still powered by gasoline and that is unlikely to change any time soon. But as sales of electric cars like the tesla model s. , chevy volt or nissan leaf continue to grow, so will demand for lithium. A relatively unknown mineral found in deserts that could be future. Lithium may be relatively unknown to most people except for those with electric or hybrid vehicles but make no mistake,s in in demand. In fact, becky, spot prices for lithium in the last year are up 20 . That speaks to the race for this new mineral that are the key to Widespread Adoption of electronic overwhelms in the buying them because they want to be more environmentally conscious but what kind of impact does it have on the environment or is there a big one . Well, one of the bigger ones is the impact for the wildlife in the area. Because you have these big extracti ponds and so and any birds or other wide life that are going into the ponds, as the water evaporates, obviously the level of lithium is higher and other chemicals could have an impact on the wildlife in the worth watching but at this point were just starting to see that development of lithium pick up and that will be one of the key focuses in the future. Bill, thank you. I learned something new today. Good. Up next, we are on the money. Paying to play. How parents are choosing kids sports over their own for over 300,000 nevadans, Social Security means a secure retirement. Heck supports privatizing it. Turning our savings over to wall street. And risking it on the stock market. Hecks plan means billions more in fees for wall street. And theyve donated over half a Million Dollars to his campaigns. Those numbers speak for themselves. Joe heck is a threat to a secure retirement, because hes part of the problem in washington. Afscme people is responsible for the content of this ad. Afscme people is responsible my experience with usaa is awesome. Homeowners insurance Life Insurance my eie awesome. Homeowners insurance and l inuranand ent 20 years active duty and she still refer to me as Gunnery Sergeant when i call. Because of my service in the military, i passed that on to my kids, something that makes me happy. My name is roger zapata and im a usaa member for life. Get an insurance quote and see why 92 of our members plan across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica. Create investment and Infrastructure Investment and University Partnership and the lowest taxes in decades are creating the right environment in new york state for to thrive. Let us help grow your company tomorrow and today at business. Ny. Gov. The rio games are in full swing and everyone has a little bit of olympic fever right now. Especially the 44 million kids who are playing organized sports. This may have their own gold medal hopes. Of course the big dreams come with an equally big price tag. And while footing the bill for trainers and club and equipment and parents are side lining their own financial goals. More. This has me worried. How much are parents spending to get their kids into competitive sports. Spending a lot of money. Twhird thell spend between 100 and 500 a month per child on competitive sports. What if you have four kids. Exactly. So parents are putting up this money. It is a significant chunk of change. Obviously it is impacting the budget. How often does it actually pay off in the end where the kids get some sort of a scholarship or somethi what is really interesting is how many parents are prioritizing kids sports over really important financis having an emergency fund. 60 of parents with kids in sports have no emergency fund. That is a lot of folks. And many of them have sidelined rye tiermt savings and retirement and College Savings for kids so they are putting hopes and dreams in their kids athletic scholarship and the reality is less than 25 actually get an athletic scholarship to college. And that is important to note. Put that in context. Less than 25 see this pay off in a monetary way. I could understand as a parent that is an impossible decision, how do you say no to anything your kids want but do you have any tips for people to you have how to figure out how to balance and you are not short changing anybodys future, including your own. Prioritize your sports. Many kids play multiple help narrowing the player field and literally could help. And when you are looking to buy the equipment for your child, think about gently used or the older kids in the neighborhood that may have some equipment that you may be able to use. That is one way to cut costs. The other thing to consider is volunteering yourself, whether you could coach or maybe you dont have the skills to do that but maybe there is other way you could help the team. And the other thing to consider is when you are looking at what type of lessons to get, get whether it is a sports activity we wont lose four or five kids. You may be able to get a discount that way. And think about the things that you buy for the sports related that are not the equipment, the supplies, the snacks and the gatorade and the Water Bottles and that stuff and see if you could buy it in bulk and pool your money with other parents and get it at the beginning of the year and make sure you have enough supplies. Go to costco first. Exactly. Sharon, thank you very much. Sure. Up ne look at the news for the week ahead. And our very own kate rogers enters the checking out a new startup with knockout potential. Well be right back. Search from over 4 million cars and use your desktop and tablet or smartphone. It is fast and friendly with no ads or distractions. Find classic and new cars all on being made and 2 million making their own. Five seconds gained and a nomination won. When it counts, the biggest moments count on comcast business. With 5,000 of nbc coverage for the day. Over 900 miles of fiber laid for the Democratic National convention and 40 pit stalls monitored at once for nascar and transferred for the big game at levi stadium. We know what it takes to connect millions. Imagine what cst for your business. Rams has won countless awards and we have best in class fuel economy. Along with an exceptionally smooth ride. So what is all of this awardwinning engineering adding up to . Ram. Americas longest lasting pickups. Get a great deal during the ram Summer Clearance event. Total listing. Comes right now. Use your desktop or tablet and smartphone and it is fast and for more on the show and on our desk, go to the website at opm at cnbc. Com and on twitter at on the money. And here are stories impacting your money. Th walmart, dow and cisco. Monday will mark the anniversary of woodstock. 400,000 people headed to upstate new york for the famous threeday festival that weve all heard so much about. Lots of fond memories. On tuesday we get a reed on inflation with the Consumer Price index for july. And check out an Amusement Park this tuesday. Some of them are going to be offering discounts to celebrate National Roller coaster day. Then on wednesday, the Federal Reserve will release kind of a sport, you know how important it is to have the right equipment. One woman discovered that no one was making the right stuff for her sport. Kickboxing and martial arts for women, so they took matter news her own hands. Kate rogers joins us with more. Hey, becky. That is right. And gear that fits properly is an even bigger challenge for women playing a sport long dominated by men but nguyen lee is out to change that. Take a look. Big idea teaching kickboxing noticing an all too common problem against female fighters, theyre gear didnt fit properly. The women of my community and my students that i was training with, heard the same complaints or frustrations and questions which isre do find good womens gear that actually fits. And for me, the more i heard it, the more i realized that i, too, was wearing stuff that didnt mit me. I was wearing mens stuff and i training based on how they fit. Which wasnt well. Based in portland, oregon, lee was inspired by nike, adidas and Columbia Sportswear and she decided to make gear for fighters who participate in boxing, kickboxing and krav maga that mark a contrast from the neon shiny options seen on the market place today which meant no bubble gum pink gloves or spandex. These Women Deserve their their athleticism deserved respect and the way to get to that is saying you deserve a product just as good as mens. She took that message nationwide in 2015 first on kick starter and now on the web and in a handful of local gyms and so far they have raised over 500,000 in product and they retail from 50 to 120. And we wanted to design what the modern day female rocky inspiration behind our sportswear line. And despite the fiercely competitive nature of the athletics industry, the community has rallied around her and the brand message. There is also a Strong Community of fostering local artisans and local businesses. We saw that a lot in my recent trip to portland. The Small Businesses there, especial thon athletics were supported in the city thanks to the active and healthy lifestyle. It is a great fit. What is different about the female fit. Fit. They did all of these focus groups with everyone from people who are actually doing this seriously and competing, rather, to moms that are just trying to get fit. And people who are doing it just for fun. And they did all of the focus groups to basically have a glove that fits tightly around a smaller hand. And space in between for blisters and things like that. And more padded here. It is bigger than the notice i would normally well. They felt big when i put them on but when i was sparring with her it fit way better. Do you pack a punch. I wouldnt hit you hard. I want to come back on the show. Thank you, thank you. That is the show for today. Im becky quick. Thank you for joining us. Next week, the best apps to save you cash on the back to school shopping. This is on the money. Have a great week and well see thanks for waking up with us this morning im nia wong. We start off with some breaking news this morning. North Las Vegas Police are investigating a double murder near North Las Vegas boulevard and city hall. They tell us that they found two people shot and killed. Police are still looking for the suspect. We have a crew heading to the scene. And well have more throughout the morning. another life is taken this morning after a car crashed into a trailer. This happend near lamb boulevard and las vegas boulevard. Metro tells us. Before midnight. A driver ran into a parked semitruck trailer covered in bars. The passenger immediately died on the scene while the driver manager to survive with nonlife threatening injuries. At this Moment Police arent sure if this is a dui incident this is the 66thtraffic related death this year. nia wong
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