Transcripts For WJLA On The Money 20170305 : comparemela.com

Reporter building set brackets is made in the usa. From manufacturing to packaging. Small businesses like brackets are the brains behind most u. S. Made toys. But thats just a small sliver of the 25 billion spent on toys annually. While the made in the u. S. Label is attractive to toy retailers everyone says wow, youre made in the u. S. , thats incredible. How did you do it . We support you. The conversation quickly turns to is it cost competitive on my store shelf . Reporter a classic conone drum for any manufacturer. Domestic production comes at a higher cost and thats also the case when manufacturing apparel. Another where made in the u. S. Is rare. But its not extinct. This factory in massachusetts has 740 workers. They make about 1,100 suits every day, but it is a rare example, because 9 8 of the clothing and shoes sold in the u. S. Is sold abroad. There are a lot fewer text tile mills and factories than in years past. Skilled sewing labor at low cost is also extremely hard to find. Theres a near record of open job positions in Manufacturing Base because we just dont have the workers with the skills necessary to do it. Reporter coupled with the supply complaints and youve got a difficult setup for american manufactures to make the economics work. But joseph has made it work manufacturing suits here in massachusetts for 30 years. Were really proud to be made in america but i think our distinction is we make it well in america and thats an important part of it that the customer is so smart today. Reporter the problem for many mid tier retailers is the price behind that made in the usa label may be just too high. Many americans say they want to buy American Made products but intent and action are two different things. The higher prices shoppers who then end up choosing the less expensive foreign made goods. Thank you very much. As she was talking about the number of manufacturing jobs in the United States has been on a 30 year decline. Could that trend reverse . Retail consultant is the ceo of Kniffen Worldwide Enterprises and drew greenblatt is the president of Wire Products and chair of the National Association of manufactures. Thank you both for being here. 98 of clothing is manufactured overseas at this point. Is there anything that could bring those jobs back . Theres not much that could bring most of those jobs back. If we brought them back it would have to be extraordinarily automated. Even if we put a high tariff on because the cost of producing abroad is so low and the shipping is not that much, but for most of it we havent made patterns in america, we havent made the product in american forever. It would take lots of time but they automated that the jobs would be maintaining the equipment more than it would be producing the product. Still jobs but not necessarily the jobs were thinking. They would be very small but most of it couldnt come back because its just too expensive so far. When it comes to at least some of these product lines thats what were talking about with clothes and shoes. What about other things, are any of these jobs you think that could come back to the United States if you had Something Like a tariff . Well, im very optimistic about American Manufacturing. Were going to see an American Manufacturing renaissance. Its coming fast. Whats happening is so many new policies are going to be enacted its going to make america even more attractive to bring back opportunities to our country. For example, were talking about reducing regulations 75 , cutting our tax rate from 40 something percent down to 15 . Some are not going to come back here because it makes more sense by going elsewhere. But things like and bulldozers and cars its going to thrive here. What about what jan had just said about that skills gap that exists if youre looking for maybe different jobs to run help run some of the machinery and those . Do you think well get those jobs that we think of traditional manufacturing jobs, you dont need to go to college, you can get a high paying job and have benefits that last for a long time . Are those jobs coming back, drew . I think so. Youre right though. There is a significant skills gap. We need schools to be teaching math, english, the stem educations. These things are critical to create the talent pool so that we can hire these people. We make everything in baltimore city. We export to 39 countries. We make baskets for automotive and like toyota and General Motors and we make baskets for caterpillar and boeing. Those guys are building factories in america, growing factories in america and theyre poised for big the these policies improve. You think we can turn the clock back . Is there a way to do that . I think he described a 15 to 20 year program if you could do it. In terms of the training. Am i in favor of a cross border tax . I really am. I think it would dampen demand here. I think it would increase saving, it would bring back jobs and we would get exports. In the short term it would be a huge pob and we wouldnt bring those jobs back. But remember, this is really attacks on the poorest people in america if we do this and what it results in is raising prices to get there. Longer term maybe its great. Better jobs, it all works but in the short term that could be really painful. The Creative Destruction of retail would be going faster and i find it very frightening. For the country i think it would be a net positive. Want to thank you both for your time today. Thank you. Making news as we head into a new week on on the money. The dow powering past the 21,000 mark on wednesday, climbing 300 points barely a month after smashing through the 20,000 record. The nasdaq and the s p 500 setting some records of their own with the markets pausing to catch their breath on thursday. Stocks rebounded on friday. Americas economy grew at applauding pace the last quarter of 2016. The second reading of the Gross Domestic Product which is the broadest measure of the size and scope of the u. S. Economy was unchanged at 1. 9 . Consumer spending was strong while Government Spending fell. A billion of anything is a lot, but when you multiply that by 365, well, it turns out more than a billion hours of youtube videos are watched every day worldwide according to the company. To put it in perspective, if one person were to try and watch all of that it would take about 100,000 years give or take. Up next, forget the longest wait at the Doctors Office. You could have a house call within an hour. And later, rise of the machine. Why more and more people are trading in their Financial Advisor for a robot, sort of. Now lets take a look at how the stock market ended the week. But grandma, we use charmin ultra soft so we dont have to wad to get clean. Charmin ultra soft gets you clean without the wasteful wadding. It has comfort cushions you can see that are softer. And more absorbent, and you can use up to 4 times less. Enjoy the go with charmin. I love how usaa gives me the and the security just like the marines did. At one point, i did change to a Different Company with car insurance, and i was not happy with the customer service. We have switched back over and we feel like were back home now. The process through usaa is so effortless, that you feel like youre a part of the family. And that they can be protected. Were the williams family, and were usaa members for life. Call usaa today to talk about your insurance needs. We cant stay here why . Terrible toilet paper ill never get clean way ahead of you. Charmin ultra strong. It cleans better. Its four times stronger. And you can use less. Enjoy the go with charmin. It may have been a while since the doctor appear at your door if you werent feeling well if ever, but house calls havent gone the way of the horse and buggy. Now a new app can send a doctor straight to your the startup was made up by a husband and wife team. Thank you both for being with us today. Weve been watching Health Care Prices going up. Its a huge concern for people. Renee, is it something that i can get a doctor to come to my door, can we do itffordable . We want to make it convene yen yent and have our patients have access. How much does it cost . Were in network with all the ppos. Did that take a while to line up . It sure did. Weve kept the price of 99 if you dont have insurance or you dont want to use your insurance and then once we did get all of those insurances lined up, over 85 of our patients now do use their insurance to obtain our service. Thats great. Nick, i know its a situation where your doctors dont handle emergencies but what kind of calls would they come out for . Our doctors can do anything thats done at a lab draws, annual physicals, sports physicals for kids. Disease management, hyper tension, post discharge you come out of the hospital and you need care. People sometimes assume the Doctors Office has some magic stuff, but we bring all that magic with you with us to your home. And do it right in the privacy of your own home. These are real doctors. Right . Theyre licensed. So thats a process for us. Theyre licensed to practice medicine. Theyve been trained, theyve been on visits with me and a team of other people who supervise what a house call should look like. Why do these doctors do it . They love it. 85 of our patients are seen with doctors that work with us. This is their career choice and they love it because they want to spend time with their patients. Medicine the way its become youre behind a computer when youre practicing. Youre filling out forms, youre signing things. Youre not relating to your patients anymore. Youre not developing a rapport with their us doctors thats why we went into medicine to care for human beings and we want to spend time with you. I know the app is available in some cities in california. Do you have expansion plans . Yeah, we announced last week we are planning to expand nationwide over the next 12 to 18 months. Ultimately our passion has been fix medicine for patients, providers and payers. Acce accessibility across the Socio Economic spectrum has been a big part of what we want to do. I want to thank both of you for joining us today and helding us about it. Thank you for having us. Up jenext, were on the money. The price of robo. Is it worth the price you pay . And what he is s just like the people who own them, every business is different. But every one of those businesses d legal help just like the people who own them every business is different. But every business will need legal help as they age and grow, whether it be help starting your business or contracts or employment agreements. Our network of attorneys can help you every step of the way. Well handle the legal stuff that comes up along the way. Legal help is here. Sound familiar . Then youll love this. Incredible protection in a pad this thin. I didnt think it would work, but it does. Its called always discreet watch this. This super absorbent core turns liquid to gel, for incredible protection thats surprisingly thin. So i know im wearing it, but no one else will. Always discreet for bladder leaks fios is not cable. Were wired differently. Maybe thats why weve en ranked highest in stomer satisfaction jd power 4 years in a row. And now you can love fios too. Get our best offer of the year. 150 meg internet with equal upload and download speeds, tv and phone. L for 79. 99 per month, r the first year with a oyear agreement. Plus get hbo for a year and free multiroom dvr service for two years. Go to getfios. Com or call 1. 888. Get. Fios get the best. Get fios. If you want professional advice when it comes to retirement it is going to dos y cost you, technology in the form of robo advise soaadvisers to t prices. Thanks for being here today. Thanks for having me. What is a robo advisor . Its automation of all the tasks that constitute good portf of your money. So how does it work if i call up and say yes, sign me up for one of these products . What happens . Well, at betterment, you come to us and you sign up and we ask you about your goals and your personality and we learn all about you and based on that, we tell you how much to save, what accounts to open, and we then maximize that money for you in ways that the traditional Financial Firms cant because they dont have the technology or the incentive to do the right thing for their customers. Putting me in bond funds, figuring out how risk diverse i may or may not be . For a long time the industry has been dominated by Mutual Fund Companies trying to sell you whatever is on their shelf. Or brokers who are trying to sell you whatever makes them the most money. There has not been a firm, an institution thats there standing up for customers doing whats right for them all the time every day. At vanguard he says index firm. They have a robo adviser too. Theyre not fighting for you to make the most of your money. If it tracks the s p 500, it doesnt matter where you go. Thats the old thinking of how to manage your money. It doesnt work very well. Its not actually making the most of your munch you can do better than that and i love this because the industry has led people to think that you cant do better than that. Well, actually warren buffet says it gets better than that. But hes not aware of how much better it can do. He tells me he has somebody doing taxes for him. Hes very good at it. And thats his point that all the rest of us are not going to know enough to be able to do this. However your funds performed over the last two, five and ten years. We outperform every year because were doing more for you than an index fund. Tell me the last year, two years, five years. We make customers 1 to 2 more than they could make investing because of the way we reduce your tax bill. Theres no way you can promise that. Betterment can. It depends on your personal situation always, but on average and in general we improve our investors returns. Tell me the numbers. Just because of taxes. Slow down because if you can actually do this this is a big deal. Im incredibly skeptical. Tell me the numbers. You can beat the index funds every year . Because of the way that we manage your taxes, on average and overtime we will outperform by 1 to 2 . Outperform the index funds . Correct. Think about the way that most investors invest. Most people time the markets this is not what most people will do. If you were to put the s going with you you will beat the performance including the fees that you charge . Lets talk about what investors actually do. No, lets focus on the s p 500. If its only in stocks thats not a very well diversified fund and its not what you should do. Thats what warren buffet should do. And well manage your money better than that. Im fired up about it. I do not believe that you can back up these results. I guess youre not listening to me because ive been telling you examples of how we make more people more money. Tell me numbers. It depends on your personal situation every time. How can i tell you how much i can save you on your taxes . It depends upon your income, what state you live in, all of these are factored in and were always working for you and the old industry is not. This is part of it. Im not arguing the old i agree old industry charges high fees. It isnt working for people. We have this idea that we should have to manage our own money and that it should be hard and difficult. Im saying Financial Services have not been providing enough service for decades and its time to expect more for our Financial Services companies and now that theres robo advice we are doing that. Okay. As i said, im skeptical. I appreciate your position and i appreciate your time coming on. Thank you much. Up next on the money a look at the news for the week ahead and Warren Buffett is selling but this time were talking about real estate. Why he took out a loan and why it does seem to haveff for him. If you get a 30 year mortgage its the best instrument in the world. I will never never wash my hair again now, i fuel it new pantene doesnt just wash your hair, it fuels it. With the first prov nutrient blend, making every. Strand stronger dont just wash your hair fuel your hair. Because strong is beautiful. A 401 k is the most sound way to go. Lets talk asset allocation. Sure. You seem knowledgeable, professional. Would you trust me as your Financial Advisor . I would. I would indeed. Well, lets be clear, here. Im actually a deejay. [ laughing ] no way i have no Financial Experience at all. That really is you . If theyre not a cfp pro, you just dont know. Find a certified Financial Planner professional whos thoroughly vetted at letsmakeaplan. Org. Cfp. Work with the highest standard. What powers the Digital World . Communication. Like centurylinks Broadband Network that gives 35,000 fans a cutting edge game experience. Or the network that keeps a leading hotel chains guests connected at work, and at play. Or the it platform that powers millions of ecards every day for one of the largest greeting card companies. Communication counts on centurylink. Here are the stories coming up that may impact your money this week. Well see how much americans spent during the month of february with the Consumer Spending report. Well also get how busy factories were in the first month of the year. Wednesday, marks International Womens day. It celebrates the social, cultural and political achievements of women. On friday well see how many jobs were created last month and it marks the beginning of south by southwest, that festival in austin. Artists and Technology Enthusiasts alike will gather for a few days of conferences, conferences and oh, yeah, partying too. Warren buffett is known as one of the worlds greatest investors a hes also pretty good at picking real estate. We sat down with him recently and asked him why hes selling his long time Manufacturing Base<\/a> because we just dont have the workers with the skills necessary to do it. Reporter coupled with the supply complaints and youve got a difficult setup for american manufactures to make the economics work. But joseph has made it work manufacturing suits here in massachusetts for 30 years. Were really proud to be made in america but i think our distinction is we make it well in america and thats an important part of it that the customer is so smart today. Reporter the problem for many mid tier retailers is the price behind that made in the usa label may be just too high. Many americans say they want to buy American Made<\/a> products but intent and action are two different things. The higher prices shoppers who then end up choosing the less expensive foreign made goods. Thank you very much. As she was talking about the number of manufacturing jobs in the United States<\/a> has been on a 30 year decline. Could that trend reverse . Retail consultant is the ceo of Kniffen Worldwide Enterprises<\/a> and drew greenblatt is the president of Wire Products<\/a> and chair of the National Association<\/a> of manufactures. Thank you both for being here. 98 of clothing is manufactured overseas at this point. Is there anything that could bring those jobs back . Theres not much that could bring most of those jobs back. If we brought them back it would have to be extraordinarily automated. Even if we put a high tariff on because the cost of producing abroad is so low and the shipping is not that much, but for most of it we havent made patterns in america, we havent made the product in american forever. It would take lots of time but they automated that the jobs would be maintaining the equipment more than it would be producing the product. Still jobs but not necessarily the jobs were thinking. They would be very small but most of it couldnt come back because its just too expensive so far. When it comes to at least some of these product lines thats what were talking about with clothes and shoes. What about other things, are any of these jobs you think that could come back to the United States<\/a> if you had Something Like<\/a> a tariff . Well, im very optimistic about American Manufacturing<\/a>. Were going to see an American Manufacturing<\/a> renaissance. Its coming fast. Whats happening is so many new policies are going to be enacted its going to make america even more attractive to bring back opportunities to our country. For example, were talking about reducing regulations 75 , cutting our tax rate from 40 something percent down to 15 . Some are not going to come back here because it makes more sense by going elsewhere. But things like and bulldozers and cars its going to thrive here. What about what jan had just said about that skills gap that exists if youre looking for maybe different jobs to run help run some of the machinery and those . Do you think well get those jobs that we think of traditional manufacturing jobs, you dont need to go to college, you can get a high paying job and have benefits that last for a long time . Are those jobs coming back, drew . I think so. Youre right though. There is a significant skills gap. We need schools to be teaching math, english, the stem educations. These things are critical to create the talent pool so that we can hire these people. We make everything in baltimore city. We export to 39 countries. We make baskets for automotive and like toyota and General Motors<\/a> and we make baskets for caterpillar and boeing. Those guys are building factories in america, growing factories in america and theyre poised for big the these policies improve. You think we can turn the clock back . Is there a way to do that . I think he described a 15 to 20 year program if you could do it. In terms of the training. Am i in favor of a cross border tax . I really am. I think it would dampen demand here. I think it would increase saving, it would bring back jobs and we would get exports. In the short term it would be a huge pob and we wouldnt bring those jobs back. But remember, this is really attacks on the poorest people in america if we do this and what it results in is raising prices to get there. Longer term maybe its great. Better jobs, it all works but in the short term that could be really painful. The Creative Destruction<\/a> of retail would be going faster and i find it very frightening. For the country i think it would be a net positive. Want to thank you both for your time today. Thank you. Making news as we head into a new week on on the money. The dow powering past the 21,000 mark on wednesday, climbing 300 points barely a month after smashing through the 20,000 record. The nasdaq and the s p 500 setting some records of their own with the markets pausing to catch their breath on thursday. Stocks rebounded on friday. Americas economy grew at applauding pace the last quarter of 2016. The second reading of the Gross Domestic Product<\/a> which is the broadest measure of the size and scope of the u. S. Economy was unchanged at 1. 9 . Consumer spending was strong while Government Spending<\/a> fell. A billion of anything is a lot, but when you multiply that by 365, well, it turns out more than a billion hours of youtube videos are watched every day worldwide according to the company. To put it in perspective, if one person were to try and watch all of that it would take about 100,000 years give or take. Up next, forget the longest wait at the Doctors Office<\/a>. You could have a house call within an hour. And later, rise of the machine. Why more and more people are trading in their Financial Advisor<\/a> for a robot, sort of. Now lets take a look at how the stock market ended the week. But grandma, we use charmin ultra soft so we dont have to wad to get clean. Charmin ultra soft gets you clean without the wasteful wadding. It has comfort cushions you can see that are softer. And more absorbent, and you can use up to 4 times less. Enjoy the go with charmin. I love how usaa gives me the and the security just like the marines did. At one point, i did change to a Different Company<\/a> with car insurance, and i was not happy with the customer service. We have switched back over and we feel like were back home now. The process through usaa is so effortless, that you feel like youre a part of the family. And that they can be protected. Were the williams family, and were usaa members for life. Call usaa today to talk about your insurance needs. We cant stay here why . Terrible toilet paper ill never get clean way ahead of you. Charmin ultra strong. It cleans better. Its four times stronger. And you can use less. Enjoy the go with charmin. It may have been a while since the doctor appear at your door if you werent feeling well if ever, but house calls havent gone the way of the horse and buggy. Now a new app can send a doctor straight to your the startup was made up by a husband and wife team. Thank you both for being with us today. Weve been watching Health Care Prices<\/a> going up. Its a huge concern for people. Renee, is it something that i can get a doctor to come to my door, can we do itffordable . We want to make it convene yen yent and have our patients have access. How much does it cost . Were in network with all the ppos. Did that take a while to line up . It sure did. Weve kept the price of 99 if you dont have insurance or you dont want to use your insurance and then once we did get all of those insurances lined up, over 85 of our patients now do use their insurance to obtain our service. Thats great. Nick, i know its a situation where your doctors dont handle emergencies but what kind of calls would they come out for . Our doctors can do anything thats done at a lab draws, annual physicals, sports physicals for kids. Disease management, hyper tension, post discharge you come out of the hospital and you need care. People sometimes assume the Doctors Office<\/a> has some magic stuff, but we bring all that magic with you with us to your home. And do it right in the privacy of your own home. These are real doctors. Right . Theyre licensed. So thats a process for us. Theyre licensed to practice medicine. Theyve been trained, theyve been on visits with me and a team of other people who supervise what a house call should look like. Why do these doctors do it . They love it. 85 of our patients are seen with doctors that work with us. This is their career choice and they love it because they want to spend time with their patients. Medicine the way its become youre behind a computer when youre practicing. Youre filling out forms, youre signing things. Youre not relating to your patients anymore. Youre not developing a rapport with their us doctors thats why we went into medicine to care for human beings and we want to spend time with you. I know the app is available in some cities in california. Do you have expansion plans . Yeah, we announced last week we are planning to expand nationwide over the next 12 to 18 months. Ultimately our passion has been fix medicine for patients, providers and payers. Acce accessibility across the Socio Economic<\/a> spectrum has been a big part of what we want to do. I want to thank both of you for joining us today and helding us about it. Thank you for having us. Up jenext, were on the money. The price of robo. Is it worth the price you pay . And what he is s just like the people who own them, every business is different. But every one of those businesses d legal help just like the people who own them every business is different. But every business will need legal help as they age and grow, whether it be help starting your business or contracts or employment agreements. Our network of attorneys can help you every step of the way. Well handle the legal stuff that comes up along the way. Legal help is here. Sound familiar . Then youll love this. Incredible protection in a pad this thin. I didnt think it would work, but it does. Its called always discreet watch this. This super absorbent core turns liquid to gel, for incredible protection thats surprisingly thin. So i know im wearing it, but no one else will. Always discreet for bladder leaks fios is not cable. Were wired differently. Maybe thats why weve en ranked highest in stomer satisfaction jd power 4 years in a row. And now you can love fios too. Get our best offer of the year. 150 meg internet with equal upload and download speeds, tv and phone. L for 79. 99 per month, r the first year with a oyear agreement. Plus get hbo for a year and free multiroom dvr service for two years. Go to getfios. Com or call 1. 888. Get. Fios get the best. Get fios. If you want professional advice when it comes to retirement it is going to dos y cost you, technology in the form of robo advise soaadvisers to t prices. Thanks for being here today. Thanks for having me. What is a robo advisor . Its automation of all the tasks that constitute good portf of your money. So how does it work if i call up and say yes, sign me up for one of these products . What happens . Well, at betterment, you come to us and you sign up and we ask you about your goals and your personality and we learn all about you and based on that, we tell you how much to save, what accounts to open, and we then maximize that money for you in ways that the traditional Financial Firms<\/a> cant because they dont have the technology or the incentive to do the right thing for their customers. Putting me in bond funds, figuring out how risk diverse i may or may not be . For a long time the industry has been dominated by Mutual Fund Companies<\/a> trying to sell you whatever is on their shelf. Or brokers who are trying to sell you whatever makes them the most money. There has not been a firm, an institution thats there standing up for customers doing whats right for them all the time every day. At vanguard he says index firm. They have a robo adviser too. Theyre not fighting for you to make the most of your money. If it tracks the s p 500, it doesnt matter where you go. Thats the old thinking of how to manage your money. It doesnt work very well. Its not actually making the most of your munch you can do better than that and i love this because the industry has led people to think that you cant do better than that. Well, actually warren buffet says it gets better than that. But hes not aware of how much better it can do. He tells me he has somebody doing taxes for him. Hes very good at it. And thats his point that all the rest of us are not going to know enough to be able to do this. However your funds performed over the last two, five and ten years. We outperform every year because were doing more for you than an index fund. Tell me the last year, two years, five years. We make customers 1 to 2 more than they could make investing because of the way we reduce your tax bill. Theres no way you can promise that. Betterment can. It depends on your personal situation always, but on average and in general we improve our investors returns. Tell me the numbers. Just because of taxes. Slow down because if you can actually do this this is a big deal. Im incredibly skeptical. Tell me the numbers. You can beat the index funds every year . Because of the way that we manage your taxes, on average and overtime we will outperform by 1 to 2 . Outperform the index funds . Correct. Think about the way that most investors invest. Most people time the markets this is not what most people will do. If you were to put the s going with you you will beat the performance including the fees that you charge . Lets talk about what investors actually do. No, lets focus on the s p 500. If its only in stocks thats not a very well diversified fund and its not what you should do. Thats what warren buffet should do. And well manage your money better than that. Im fired up about it. I do not believe that you can back up these results. I guess youre not listening to me because ive been telling you examples of how we make more people more money. Tell me numbers. It depends on your personal situation every time. How can i tell you how much i can save you on your taxes . It depends upon your income, what state you live in, all of these are factored in and were always working for you and the old industry is not. This is part of it. Im not arguing the old i agree old industry charges high fees. It isnt working for people. We have this idea that we should have to manage our own money and that it should be hard and difficult. Im saying Financial Services<\/a> have not been providing enough service for decades and its time to expect more for our Financial Services<\/a> companies and now that theres robo advice we are doing that. Okay. As i said, im skeptical. I appreciate your position and i appreciate your time coming on. Thank you much. Up next on the money a look at the news for the week ahead and Warren Buffett<\/a> is selling but this time were talking about real estate. Why he took out a loan and why it does seem to haveff for him. If you get a 30 year mortgage its the best instrument in the world. I will never never wash my hair again now, i fuel it new pantene doesnt just wash your hair, it fuels it. With the first prov nutrient blend, making every. Strand stronger dont just wash your hair fuel your hair. Because strong is beautiful. A 401 k is the most sound way to go. Lets talk asset allocation. Sure. You seem knowledgeable, professional. Would you trust me as your Financial Advisor<\/a> . I would. I would indeed. Well, lets be clear, here. Im actually a deejay. [ laughing ] no way i have no Financial Experience<\/a> at all. That really is you . If theyre not a cfp pro, you just dont know. Find a certified Financial Planner<\/a> professional whos thoroughly vetted at letsmakeaplan. Org. Cfp. Work with the highest standard. What powers the Digital World<\/a> . Communication. Like centurylinks Broadband Network<\/a> that gives 35,000 fans a cutting edge game experience. Or the network that keeps a leading hotel chains guests connected at work, and at play. Or the it platform that powers millions of ecards every day for one of the largest greeting card companies. Communication counts on centurylink. Here are the stories coming up that may impact your money this week. Well see how much americans spent during the month of february with the Consumer Spending<\/a> report. Well also get how busy factories were in the first month of the year. Wednesday, marks International Womens<\/a> day. It celebrates the social, cultural and political achievements of women. On friday well see how many jobs were created last month and it marks the beginning of south by southwest, that festival in austin. Artists and Technology Enthusiasts<\/a> alike will gather for a few days of conferences, conferences and oh, yeah, partying too. Warren buffett is known as one of the worlds greatest investors a hes also pretty good at picking real estate. We sat down with him recently and asked him why hes selling his long time Vacation Home<\/a> in california. We went there for summers for many years, and then it became much more going there at christmas for maybe three weeks or so and the kids would gather, but they couldnt gather for the whole summer as they got to be adults so it had all these great times there, i mean, we had we always had people there. But when my first wife died in 2004, at that point i lost interest in the house and my kids continued to use it to some degree subsequently but now theyve got other interests in terms of vacation spots closer to where they live so the time has come to sell it. 150,000 to 11 million. That is a Phenomenal Growth<\/a> and this is just the listing price. When i bought it for 150 i borrowed some money from Great Western<\/a> savings and loans. I only had 30,000 of equity or Something Like<\/a> that. For 50 years or something of the sort, but i i guess i thought Interest Rates<\/a> were attractive or something. Why did you have a mortgage on it . You didnt need one did you . Why did it have a mortgage on it . Well, i still thought i could probably do better with the money than have it being all at the house. That 110 or 20,000 i was borrowing, i was buying berkshire in the early 1970s. I would have bought 3,000 shares of berkshire with the proceeds of the loan so thats 750 million instead of putting it into the house. Yeah. What about now . People can get a mortgage for 3. 5, 4 . If you get a 30year mortgage its the best interest in the world because if youre wrong and rates go to 2 which i dont think they will, but you pay shags. I mean, it is an incredibly attractive instrument for the homeowner and youve got a oneway that berkshire cant do that. We cannot issue a 30 year bond and have it so we can call it off tomorrow at par. No way. And an individual can do it. Its a great instrument. For most people your home is your most value you believe asset. It should be. If youre going to live in an area for a considerable period of time, the home is terrific. The home i live in now i bought in 1958 here and i wouldnt trade it for anything. I mean, its got all kinds of good memories, the kids, its home to them, its home to their friends. I mean, if you find a house you like and youre going to stay in the locale for a while, buy it with a 30year mortgage and you its good for a family. How much of the home being a Great Purchase<\/a> is relienant on being able to deduct your mortgage interest. That is a factor. I doubt very much they take away the Interest Deduction<\/a> in the end. All these things come up and you try and do it and now youve got every home builder and realtor and everybody in the country pounding on your door if youre a congressman. Well see. My thanks to Warren Buffett<\/a>. That is the show for today. Thank you, everybody, for joining us. Next week, distracted driving. Why its on the rise and how one new app may not be helping things. Each week keep it right here. Were on good morning, america. And new this morning. Wheres the proof . The firestorm erupting over Donald Trumps<\/a> explosive allegations, claiming president obama ordered the fbi to illegally tap his phones at trump tower. If it is true, it would be the biggest political scandal since watergate. The twitter rage that started it. And what the obama camp is saying this morning. White house turmoil. President trump reportedly going ballistic in the oval office. What set him off . Cameras capturing an animated steve bannon, one of his top aides. Why trump took off for florida. Leaving him and chief of staff Reince Priebus<\/a> behind. Agony in mosul. Residents fleeing isis last stronghold in iraq","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801408.us.archive.org\/16\/items\/WJLA_20170305_123000_On_the_Money\/WJLA_20170305_123000_On_the_Money.thumbs\/WJLA_20170305_123000_On_the_Money_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240627T12:35:10+00:00"}