illegal immigration . pete: border security, a lot of that 400 million dollars that we send is for strengthening border security and counter drug operations which up until this point unfortunately have been ineffectual but i want to talk about the remittances, the money that illegal or legal immigrants send back to their families. we got the numbers we are going to put up on the screen from 2015 and 2016, those are bignumbers. 1.6, $1.9 billion in 2015 and 2.4 billion in 2016, that s a 20 percent increase and you say that money going back is staying out of the us economy but if we put a tax on it, that s a handsome amount of money that could be added to paying for a portion of that wall . that s correct. there is a study that was done by a think tank that showed that all we need to do is put a 10 percent fee on those remittances going out from western union or any other medium that s utilized. if they did that, we would
millionaires money is just rampant down there. when they do raids, they don t a closetful, they find entire rooms stacked to the ceiling. donald trump running for the presidential nomination has taken a lot of heat but he s saying we should have cut off u.s. aid to mexico u.s. taxpayers giving mexico money a long time ago. what say you? i would almost agree with him, from doing this business for over 35 years, every year since i can remember for the last 30 years, we ve given them it 200 million to 400 million dollars to fight drugs and they haven t utilized a dime of that. most of the monies get pilfered oft by the high officials and put in their pockets. they are not spending it to fight drugs. thanks for bringing your perspective. a lot of tough questions ahead for the mexican government and
contracted more than expected in the first quarter. rumor has it maybe due to our worse weather we have seen in years. let s bring in steve sedgwick live for us from cnbc. good morning. what else are you watching today? great stories for you. nice to see you. chevrolet cruise a stop/sell order on u.s. and canadian models. a problem about with the inflator model in the air bag and i think it s to do with until they solve that out they are stop sell and 33,000 vehicles affected on that. go pro you see the athletes putting on their heads. they are going on the market on the nasdaq. they will raise just over 400 million dollars. it s going to value the entire company at around about $3 billion. it s the first consumer tech
lotto loot. it s megamillions. how rich can you get? the jackpot estimated at 400 million dollars. dollar, dollar bills y all. someone could become a megamillionaire tonight. chances of winning the big money? 1 in 258 million. i like those odds. 400 million dollars would make for a nice retirement. the number two trender. for sure. i will not wear rose colored glasses when it comes to russia. this is without question our number one geo political foe. mitt romney takes on obama timing. against 11 people. we stand ready to oppose further sanctions. if we stay our ground and we ratchet up the sanctions we can make russia pay an enormous cost. clean and unclear, number three. the department of state looked at this issue is oil
i think that s awful. here s the deal. yes, they have a lot of brands. they are selling a lot of things. ak-47s. what s wrong with that? what s wrong with selling a gun? nothing, really, as long as everything is legal. but this is a cash cow. this happened right before christmas. they have ever 400 million dollars from all of the products they have associated with their name. this is a cash cow for a&e. they milked it. they had showed they would be airing already in the spring. this gave more value to a red hot brand. hold on. i am a gun own. i have a shotgun and a handgun. i want one of those mossburg rifles. am i wrong? you can t wait for father s day. you will get it right away but why not. that s your right. you can bear arms. you can buy a gun, do the paperwork, follow the law.