tv 60 Minutes CBS October 23, 2016 6:00pm-7:00pm MDT
people like kim kardashian becoming significant forces in advertising. often posting pictures from every day life. you've turned you into an empire worth in excess of $100 million, i've read. >> i would think that has to involve some kind of talent. ( laughs ) you know? >> i'm steve kroft. >> i'm leslie stahl. >> i'm bill whitaker. >> i'm armen keteyian. >> i'm scott pelley. minutes." >> cbs money watch sponsored by american express open. proud supporter of growing businesses. >> good evening. at&t's $85 billion purchase of time warner announced last night now faces the scrutiny of federal regulators. apple, general motors and
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>> pelley: in these final two weeks, hillary clinton is leading in most of the states that will decide the presidential election. but in the one state that nearly always gets it right, she is in a dead-heat with donald trump. we decided to ask ohio what it thought because ohio has picked the winner in every election since 1964, and no republican has ever won without ohio. the buckeye state, especially foreign trade which is undermining industry. among the steel mills, suburbs and inner city of cleveland, we found a political identity crisis as the state that nearly always predicts the president becomes unpredictable. a job at the mill was a birthright in lorain, ohio, for 121 years. in 1895, the spark of the
and the plant, two miles long, forged the rails, the drilling pipe, the weapons and the wonders of the 20th century. >> carlos hernandez: oh, my. it was wonderful. we were making steel. we were making money. >> pelley: making steel was all carlos hernandez knew for 28 years. but seven months ago, he and 542 others punched the clock for the last time as cheap chinese steel helped silence the furnace in a new century that h not be america's. >> carlos hernandez: it was just a funeral procession coming out to the gate, knowing that you're never was coming back. you know, we sacrificed time with our families to try to make this company succeed, you know. and this is what it's come to. just a ghost town. just a rusted, empty, meaningless place right now. >> pelley: the meaning of this election is chewed over at george's family restaurant,
sign, hyphenates the name of the place into "u-rant"-- and do they ever. >> aury hernandez: trump, i don't trust him. can you imagine if he's the president of the united states? what he's going to do behind closed doors, with women, with his secretaries, or his, you know... >> carlos hernandez: you mean like bill clinton did? >> aury hernandez: it's done and over with. why you keep bringing it up? >> pelley: carlos for trump, and aury for clinton, have been married 36 years. they're hoping for 37. i'm sorry i wasn't there when you two sat watch the first debate. >> carlos hernandez: oh, we couldn't sit together. >> aury hernandez: no, he sits in his bedroom, i sit in front of the tv. >> carlos hernandez: and then we come back and forth and argue, argue. >> aury hernandez: i go over there... >> pelley: you couldn't watch the debate together? >> aury hernandez: no. >> carlos hernandez: no. >> pelley: carlos and aury are raising two grandchildren. he's on unemployment, but they're going broke slowly on her fast-food salary. >> carlos hernandez: it just shows how we're losing our jobs, how things are moving away. you know, everybody's saying
taking our jobs and stuff like that. well, the jobs are moving. they don't need to come here anymore; jobs are going to them. >> pelley: and so, when you hear donald trump saying the same thing about jobs, what do you think? >> carlos hernandez: that's what resonates with me, what he has to say. >> pelley: but it doesn't with aury. >> pelley: why not? >> aury hernandez: i don't trust him. >> pelley: he's talking about bringing the steel industry back, bringing the coal industry back. >> aury hernandez: hillary can do that. we can do that. >> pelley: stop those jobs from going to mexo. >> aury hernandez: that's what he says. i just don't trust him, i don't like him, and i don't believe in him at all. >> pelley: when you hear donald trump say those things that he said on that videotape about women, how do you get past that? how can you get past that? >> carlos hernandez: it's awful what he said, but i come from a steel industry. we all say things that we wouldn't be proud of saying in front of other people. but he didn't say it to a... he... he was talking with another guy. it was words, it wasn't action.
same way? >> aury hernandez: no, i do not. trump is a liar, number one. number two, he's constantly on hillary about bill clinton, and bill clinton is not running for president. another thing that we're past and we should just forget about it is the whole email thing. it's done and over. she apologized, it's done. just move on. >> carlos hernandez: yeah, but that... >> aury hernandez: i let you talk. >> pelley: but the text of the speeches that she gave to wall street high rollers, and she world, you have to have a public position and you have to have a private position.," that feeds in to that sense that many people have that she's not trustworthy. >> aury hernandez: i believe in her, i do, compared to him, that he's so... such a pig. because to me, he's a pig. >> pelley: this is ohio in a buckeye shell, the most even split in any state- people
even within themselves. you are as republican as they come. >> cyndra cole: i am. >> pelley: social conservative. very religious. you are not with donald trump. >> cole: i am not. >> pelley: there's none of the rust in white clapboard portage county. cyndra cole, mother of four with one on the way, has managed republican campaigns. you're sitting in this interview, rooting for your party's nominee to lose. >> cole: is that bad? it's bad, >> pelley: you tell me. >> cole: yeah. >> pelley: even her lawn is divided where her neighbors have made their stand. >> cole: the very first time that i very sincerely said, "i will not vote for that man" was when he mocked the reporter with special needs. >> oh, i don't know what i said. oh, i don't remember. >> cole: i had a really hard time with that, because as the mother of a child with special needs, i know how hard we work every day for her to do things that others take for granted. and for somebody to trample on
>> pelley: and it says what about character? >> cole: a lot. >> pelley: in your view, is donald trump doing lasting damage to the republican party? >> cole: i think that the republican party can survive a donald trump candidacy. i have a really hard time believing that the republican party can withstand a donald trump presidency. >> pelley: you might vote for hillary clinton. >> cole: i may. >> pelley: are you voting for hillary clinton or against donald trump? >> cole: you see, that's where i have a really big problem with this election. i don't want to be voting agains i want to vote for somebody. i want them to tell me... i want hillary clinton to tell me what she's going to do for my daughters. not just because she's the first female president of the united states, but because she cares about women in a way that men can't understand. >> pelley: but you're listening. >> cole: i'm listening. i'm trying. i'm really trying. >> pelley: you're trying to get to the place where you can vote for the democratic candidate? >> cole: yes. >> pelley: and you can't believe you're saying that to me. >> cole: i cannot believe that i'm saying that. >> pelley: at parkside church, cyndra cole and her family run
tommie jo marsilio was once a county commissioner. >> marsilio: i trust donald trump. i trust him to protect this nation and keep my family safe. and i trust that he will not... not engage in behaviors that are concerning to me. >> pelley: you have a daughter who's 15. >> marsilio: i do. >> pelley: what do you tell her when she hears these things that donald trump has said about women? had an opportunity to tell her anything, she gave me her opinion, which i thought was astute. and she said, "you know, sometimes guys say things that are stupid, and i think that's an example." she says, "mom, don't you think everybody makes mistakes?" and i said, "yes, i do." >> pelley: why is hillary clinton not a more attractive candidate to you? >> marsilio: i don't trust her. >> pelley: what has she done that leads you to find her untrustworthy? >> marsilio: i think the better question is, what has she done
the emails are a problem. and i hate to be so bold about it, but it seems like there's one cover-up after another. certainly benghazi was mishandled. so, mishandling a situation to start with is bad enough, but when you have a sustained pattern of behavior over a period of years, i just don't trust anything she says. i don't believe she'll keep my family safe. >> let us go to the house of the lord. i will bless the lord. >> pelley: for clinton to have more than a prayer in ohio, she needs enthusiasm among african americans. and you think african americans in ohio are going to go to the polls in the numbers they did for president obama? >> jawanza colvin: that's our job, is to make sure that they do. >> but you know this is one of those definitive elections. >> pelley: pastor jawanza colvin spreads the gospel of the ballot around his olivet institutional
hillary clinton spoke here. donald trump was not invited. but isn't this exactly what donald trump is arguing, that the democrats have let your community down so why not make a change, take a chance? >> colvin: well, i think the question is, what's the alternative? i have not heard anything from mr. trump and have not heard anything in terms of his rhetoric that offers anything of promise. just even the language that he used, "the african americans," ju evokes a notion of distance and disconnect. >> pelley: colvin worked the neighborhoods to get out the vote. lisa tolbert said, "count on me." do you feel a difference in your enthusiasm in this election, as opposed to the last one and the one before that when barack obama was running? >> tolbert: that was a historic election. that was, you know, you finally had a good candidate, and he
so, that gave it an extra excitement. this is a necessity. >> pelley: there was nobody who was going to keep you out of the polls. >> tolbert: right. this is a necessity. >> pelley: are you enthusiastic about hillary clinton, or are you just voting against donald trump? >> tolbert: i don't know if i'm very enthusiastic about her. i do think she's qualified. looking at her resume, she is qualified. >> pelley: but you'd really like to have another option. >> if there was another option. and i believe she could do the job. americans vote in large numbers in ohio, ohio votes democratic. and when they don't come to the polls, ohio votes republican. what's going to happen? >> tolbert: i'm going to pray that they come to the polls. i'm going to... >> pelley: but you're not feeling that groundswell. >> tolbert: i'm not hearing it. >> greg sedar: i think it's kind of voting this time, we're going to have to pick one or the other, and it's kind of like
>> pelley: these men and lisa tolbert should have hillary clinton in common. this is the united steel workers local 1104, and the only picture of a president on the wall is f.d.r.'s. at the door, the leadership backs clinton, but a sign doesn't paper over jobs lost to trade and the outrage of laid- off men. so, show of hands, how many trump voters do we have? okay. there are three. and hillary clinton voters? >> tom morris: i'm... i'm undecided. i'm not sure which one i want to vote for yet. >> pelley: carlos hernandez joined greg sedar, wayne townsend, tom morris and craig cooper. craig, what did you want to hear in the debates? >> cooper: just basically that, you know, that... that they're starting to watch out for... for us as... as americans. it just seems like they're so involved with themselves that we as a people don't matter anymore. we're just... you know, we're here as pawns, and they want our
and after they get our votes, they're like, "okay, thank you. see you later. bye." >> pelley: these men are in a college program to retrain workers who lose their jobs due to trade deals. greg sedar looked a little lost, like a farmer in the dells. >> sedar: it goes back to the days when democrats were always for unions and republicans were against. we're... we're... need jobs and we're... we're desperate enough we'll take them, whoever is going to give them. >> townsend: the idea of getting a good job like we have at a young age and working it for 30 years and dream of having a house, a car and a child and a family and retiring at a decent age before you're too old and too crippled to enjoy it, is gone because of trade deals. >> cooper: i've said for the last couple months, there's billions of people in the united states, and these are the two best people that we can get to lead us? i just find that hard to believe. i really do. >> that one is peanut butter oreo. what kind do you want, buddy? >> pelley: ohio nearly always
a mix of american ingredients-- part north, part south, part farm, part factory. but for those shopping this time, 2016 is like making a choice when they're fresh out of your favorites. i wonder, on november the eighth, is there any chance you're just going to say to yourself, "you know what? i'm going to sit this one out. i can't do it"? >> cole: no. i have to at least go to the polls to vote for rob portman. >> pelley: the senator of ohio, >> cole: yes, yeah. >> pelley: you're interested in the down-ballot races. >> cole: i'm very interested in the down-ballot races. and i think that's one of the ways that we as republicans can overcome a hillary clinton presidency. >> pelley: so, there's an even chance, at least, that you're going to vote for hillary clinton and then vote for rob portman in hopes that he can stop her policies? >> cole: yes. >> pelley: and that is politics in 2016. >> cole: it is. yes.
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in the league are falling through financial trap doors, often led by the very advisers paid to protect their newfound wealth. tonight, we're going to focus on how one financial adviser ensnared dozens of n.f.l. players in a risky investment that saw them lose tens of millions of dollars, and how the players' own union didn't sound the alarm until it was too late. for the first decade of this century, jeff rubin was one of the most prominent financial advisers in the n.f.l. with clients that included some of the game's biggest stars, until he gambled on a deal that blew up spectacularly. >> fred taylor: jeff was a crook, and jeff is a thief. he's a liar. he's a con. he's deceiving. he's all of those things. >> keteyian: fred taylor was an all-pro running back in the n.f.l. when he was thrown for a loss by his longtime financial adviser, jeff rubin. >> jeff rubin: i'm shocked that fred would say that. shocked. >> keteyian: but that's the
who in do you think they're going to blame? >> rubin: i understand that, but i would hope they would be able to go ahead and understand what happened. >> keteyian: it all began in this office building in boca raton, florida, in early 2008 when rubin brought taylor and a dozen other n.f.l. players to a sales pitch. >> taylor: jeff said, "look, we're going to have a meeting up here. i... i think it's something big, and you guys would probably enjoy it. you know, you'll probably all be ri f i'm talking crazy rich." so, we said, "okay." >> keteyian: rich for the rest of our lives? >> taylor: yes, yes, yes. life-after-football money. it's... it's really good. >> keteyian: what was supposed to make the players crazy rich was country crossing, an entertainment and gambling complex to be built, oddly enough, near the cotton fields of rural southeastern alabama. underpinning the project financially was a modern version of one of the oldest games:
electronic bingo resembles a slot machine, takes only seconds to play, and, by 2008, was sprouting throughout alabama. country crossing planned to install nearly 2,000 electronic bingo machines, a number that excited jeff rubin. rough math, it's about $100 million a year. >> rubin: your math is correct. >> keteyian: so, a huge pay-out in the end? >> rubin: huge pay-out. >> keteyian: fred taylor decided to make an initial investment of $500,000 in country crossing. so did tight end vernon davis, then on his first contract with the san francisco 49ers. davis bought into rubin's pitch. so, he's painting a very rosy picture? >> davis: it was beautiful. it was a painting i'd never seen before. it was fantastic. >> keteyian: rubin had his clients go all in on country crossing and electronic bingo. >> rubin: it was a ton of money. >> keteyian: how much money? >> rubin: $51 million, i believe. >> keteyian: how many players?
weren't the only outside investors, but they had the most to lose. the n.f.l., if it has a cardinal sin, gambling is a cardinal sin. >> rubin: yes. >> keteyian: why in the world would you allow your players to invest in something that has a gambling component to it? >> rubin: armen, you're completely correct. i mean, absolutely. if i can go back in time, i wish i'd never set foot in alabama. >> keteyian: rubin had a 4% ownership stake in country crossing. "60 minutes" has also obtained documents showing that 10% of the money rubin ed players went into pankas holdings, his personal corporation. jeff rubin desperately needed the money because in april 2008, the i.r.s. filed a federal tax lien against him in the amount of $440,000. on top of that, he was underwater on his $3 million house. and you're responsible, jeff, for managing other people's money, advising them. and you're in a financial mess. >> rubin: it was a rough time. i mean, the only way i could
probably a huge mistake for me. >> keteyian: his biggest mistake was believing the legality of electronic bingo was settled in alabama, given the state's turbulent political climate and its byzantine gambling laws. >> troy king: here is the alabama gambling law. >> keteyian: you are kidding me. >> king: pages, amendment after amendment after amendment. >> keteyian: troy king was alabama's attorney general at the time. after studying alabama's countless amendments, king determined that electronic bingo was legal in the county where country crossing was being built. >> bob riley: gambling, with a few very narrow exceptions, is already illegal in alabama. >> keteyian: then, in december 2008, midway through his second and final term in office, governor bob riley abruptly announced the formation of an anti-gambling task force. >> king: there was no way this could end short of somebody being destroyed, the governor or
it was armageddon. there was no other outcome possible. >> keteyian: despite governor riley's threats against gambling from the state capital, jeff rubin continued to recommend his n.f.l. players invest in country crossing. >> king: at that point, i believe anybody who was investing money without understanding what a risky proposition it was, was acting very, very recklessly. >> keteyian: "60 minutes" has also learned that a document known as a subscription agreement, which outlines risks until january 2010, long after players had already poured tens of millions of dollars into country crossing. in bold letters, the subscription agreement stated that "electronic bingo operations may be characterized as illegal gambling under alabama law." in a sworn deposition two years ago, rubin was asked if his players ever received that subscription agreement. his reply?
pitfalls of the project." why don't you raise your hand and say, "hold on a second?" >> rubin: that's my fault. i had no idea. >> keteyian: is that negligent? >> rubin: i don't know. i... i... i have... >> keteyian: well, either it is or it isn't. >> rubin: i'm not... i'm not really sure. i don't know that... i don't know the answer to that question, "was it negligent?" looking at it now, it's awful, okay? i put my trust in a lot of attorneys, just like the players put trust in me. >> keteyian: in mid-january 2010, country music stars were on hand for country crossing's official opening. the crowds poured in, the electronic bingo machines were humming. and then, two weeks later, at 4:00 a.m., a seemingly endless caravan of 135 cars carrying state troopers appeared out of the night to descend on country crossing. they were coming for the
>> taylor: it was a sick feeling. it was a very sick feeling, very sick feeling. >> keteyian: you call rubin? >> davis: i called rubin, and, of course, "oh, it'll be okay. it'll be just fine. we'll make... we'll make it work." >> keteyian: doesn't turn out to be all right. >> davis: it's a nightmare. >> keteyian: country crossing eventually went bust. today, all that remains open is a pavilion where electronic bingo has been replaced by old- fashioned paper bingo. the les n.f.l. players $43 million. stars like ray lewis and terrell owens got burned, as did players earning smaller paychecks. >> taylor: a lot of guys had to... their homes were foreclosed on or short sold. some repossessions. a couple of guys have had to take loans that they don't necessarily know how they're going to pay them back. >> keteyian: what would you say to them? >> rubin: i would apologize. i'd want to catch up.
>> rubin: yeah, absolutely. i'm sorry this happened. it's been a disaster. you know, that was my life. >> keteyian: you know, some of them honestly would like to get their hands around your neck. today, jeff rubin lives in denver, out of the fast lane. he's been barred from serving as an investment adviser by finra, the financial industry regulatory authority, and by the s.e.c., the securities and exchange commission, in the wake of the country crossing debacle. >> rand getlin: in my summation, of investment losses in the history of the n.f.l. at the hands of one investment adviser. >> keteyian: rand getlin co- wrote groundbreaking articles about country crossing for yahoo sports. what surprised getlin is how the n.f.l. players association allowed rubin to operate unchecked. in 2000, the union had established a financial advisers program to help protect players and their money. jeff rubin was registered with that program.
guys to their financial destruction. and yet, jeff rubin stayed registered in that program for the better part of a decade. >> keteyian: jeff rubin's name was on that n.f.l.p.a. list as registered with the union, giving you what? >> taylor: i definitely would gain a sense of security with every registered adviser that's in the pamphlet or on that list. >> keteyian: so, did the n.f.l.p.a., the players association, ever call you with any questions about what you were doing? not one time did we get a call, an email, a fax, a telegram, a helium balloon. we got nothing from the n.f.l.p.a. in regards to this project. >> keteyian: only after regulators sanctioned him in 2013 did the players' association send out an alert regarding rubin and his misconduct. we wanted to talk to the n.f.l. players association and its current president, cincinnati offensive tackle eric winston,
program, but, after repeated requests, the union declined to put anyone on camera, including winston, who was once a client of jeff rubin's and invested around $1 million in country crossing. >> chase carlson: if they were proud of the program, they'd be sitting in this chair. >> keteyian: chase carlson is a lawyer who represents 13 n.f.l. players who claim they were ripped off by rubin and two other financial advisers registered with the union's program, which carlson says is littered with cas failures. >> carlson: it's a disaster. >> keteyian: that simple? >> carlson: they don't know what they're doing. >> keteyian: another registered adviser with the players association, ash narayan, was charged with fraud by the s.e.c. just this summer for secretly siphoning millions of dollars from investors, including quarterback mark sanchez. >> carlson: he agreed to invest $100,000, and the financial adviser transferred about $7 million to the investment.
receivership, and mark'll be lucky if he gets anything back. >> keteyian: about half the league uses financial advisers registered with the program. the union says applicants to its program must pay an entry fee of $2,500 and agree to an extensive background investigation. but how vigilant can the union be in monitoring its financial advisers when kevin carreno is still listed on its online directory? carreno was killed in a plane crash seven months ago. he's still alive, as far as the n.f. i >> carlson: you can still refer him clients. >> keteyian: the players association protects itself from any legal liability. on its web site, it states that the union is not responsible for and makes no representation concerning the skill, honesty or competence of any registered player financial adviser. then, why have a program to begin with? >> carlson: right. if you can't rely on these people for skill or competence or honesty, then what's the
>> keteyian: the notion that their own union does limited due diligence on its registered financial advisers is news to many players, like vernon davis. is that troubling to you? >> davis: it's very troubling. here i am, putting my trust in a registered financial adviser, and i'm thinking that i can at least go to sleep at night without worrying. >> keteyian: the exact number of n.f.l. players who have been damaged by financial advisers over the years may never be players are afraid to go public. retired running back fred taylor was one of the few willing to speak to "60 minutes." >> taylor: there's this big pride and ego thing that hinders those guys from sharing their awareness. we're big, supposed to be macho, strong, you know? why would we let little, puny, you know, nerdy financial advisers or agents take advantage of us? >> keteyian: so, there's a certain level of embarrassment. >> taylor: there's a huge level of embarrassment, in my opinion.
>> keteyian: taylor is back on his feet financially, but he and vernon davis were lucky in a way; their talent enabled them to sign endorsement deals and lucrative second contracts that made up for their losses. davis, who's learned expensive lessons, says it's time for players to start taking responsibility. how much blame do you put on your own shoulders? >> davis: i take most of the blame, and i think as athletes the n.f.l., i think we should take the blame because we can change it. we can change it.
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trend in advertising that might surprise you. it doesn't show up in any traditional media. it's exploding on mobile devices, set off by young people, most in their twenties, who have attracted large numbers of followers on social networks- platforms like facebook, twitter and snapchat. they're called social media influencers, and some of them have larger followings than the most popular movies or tv shows. major companies are paying them millions of dollars to influence them to buy products. tonight, you will hear from some of the biggest social media influencers in the world. together, they've been viewed billions of times. ? ? ? ? ? ? if you find yourself dumbfounded by the notion that 21-year-old logan paul could become a millionaire with goofy online
probably not a millennial. >> paul: it's easy. just dance. >> whitaker: these no-budget, low-quality postings-- shot with his cell phone camera- have attracted more than 30 million followers on all his platforms, more than either donald trump or hillary clinton. they're drawn to his boyish charm and slapstick humor. >> paul: slapstick with a sense of wit, fun, high energy. >> whitaker: so, that's your shtick? >> paul: my shtick, yeah, yeah. >> whitaker: and he's turned his promoting products to his online followers. >> bic it up. >> whitaker: by mining online data, advertisers know he's reaching their most coveted demographic: young people. he's been such a successful pitchman, he was featured on the cover of "ad week." >> paul: the biggest companies in the world and brands have come to me to help sell their product to the younger generation.
my content. >> whitaker: and they pay you well for this? >> paul: yeah. hello, my people of the internet! >> whitaker: he's now in such demand, he's earned the freedom to make ads the way he makes his videos: off the cuff. we watched him making a dunkin' donuts ad in central park. >> paul: oh, i'm so sorry! >> whitaker: all ad-libbed, all his idea and style. you just make this up on the fly? >> paul: yeah, if someone has an idea, it's like, "yeah!" we just run with it, you know? >> whitaker: when he posted the seven million times. and dunkin' donuts told us this spot had the same reach as a prime time tv ad. for one day's work, logan paul was paid almost $200,000. so, you're worth all the money these companies pay you? >> paul: to be honest, i'm worth three times the amount i'm getting paid. >> whitaker: so, you're a bargain? >> paul: i think anyone on the
because it's so new, no one really knows what they're worth. >> whitaker: the more followers an influencer has, the more money they can make. the successful ones are an eclectic bunch, most in their mid-20s who started it just for fun, like zach king. >> king: i kind of call myself a digital magician. >> whitaker: he's built a follin with his video illusions that are easy to binge watch. amanda cerny, a former model turned comedian, has more than 20 million followers. >> cerny: i posted my snapchat video i just shot five minutes ago, and now i have 35,000 views. >> whitaker: one of the most successful is andrew bachelor,
than 37 million followers. about half of his following is from one platform called vine. videos on vine are just six seconds long. what can you do in six seconds? >> bachelor: i can teach you how to cook something. >> whitaker: in six seconds? >> bachelor: i can, yeah. >> whitaker: you can make me laugh in six seconds? >> bachelor: i can make you laugh in six seconds. i can make you cry in six seconds. six seconds. >> whitaker: in six seconds? >> bachelor: yes. >> whitaker: in six seconds? ( laughter ) >> bachelor: i can do it in four. ( laughter ) >> whitaker: so... so show me what you do. >> whitaker: show me how six seconds can make a star. >> bachelor: all right. so, the movie "batman vs. superman" came out, right? it was a 90-minute movie. i'm showing you if "batman vs. superman" was real and in six seconds. >> whitaker: does that get a lot of views? >> bachelor: yeah, mm-hmm. >> whitaker: how many? >> bachelor: a couple million. >> whitaker: advertisers pay bach just to place their products in his clips. he made a handful of videos
earned more than $300,000 from the sandwich maker. you're making money off of this? >> bachelor: i can retire if i wanted to. >> whitaker: off of six-second videos? >> bachelor: yeah. ( laughter ) you hate me. that's a laugh of hate. >> whitaker: i chose the wrong line of work! ( laughter ) social media influencers are a small slice of what the advertising industry spends overall on ads, but it was enough to catch the eye of hollywood. paul cazers is an agent with c.a.a., one of the biggest talent firms in town. do they make too much for what they do? >> cazers: absolutely not. they're the new rock stars with a bigger audience than old hollywood ever had a chance to access. when they take a video or a picture and push a button on their phone, immediately disseminated to millions of people across the planet, that level of access is unprecedented. >> whitaker: c.a.a. made its name representing stars of the
represents emerging stars of the tiny screen we carry in our pockets, like logan paul. >> cazers: when logan does a branded campaign, you can see how many millions of people have watched it, where they've watched it, what age they are and their demo. furthermore, it's more than just the views. you can see their engagement. you can see... people are continuing to talk about a video afterwards, and they're sharing. i don't know how you could even put a price on that. because of the internet, logan paul has a worldwide reach. his star power when we went for a stroll on hollywood boulevard. >> paul: how are you? what's your name? >> juliette: juliette. >> paul: juliette! are you guys french? >> juliette: yes. >> paul: nice! >> whitaker: you know who he is in france? >> juliette: you are a superstar in france. >> paul: oh, no way. >> whitaker: he's a star in france? >> juliette: yes. ( laughter ) >> paul: all right. >> whitaker: in just 20 minutes, visitors from kuwait, israel, mexico and sweden also told us they follow paul. >> i'm from mongolia.
i... like, i don't even know where that is. i have no idea. ( laughter ) >> whitaker: there may be no more recognizable face on social media than kim kardashian's. she has attracted more than 160 million followers by exposing her life seemingly minute by minute online. this month, her visibility became a liability when thieves in paris tracked her and robbed her at gunpoint of a reported $10 million in jewelry, jewelry she had shown on instagram just a few days earlier. the incident is still being investigated, and she hasn't posted since. before the robbery, she told us that being so public is what helped make her so popular and wealthy. >> kardashian: there are pitfalls-- lack of privacy, loss of privacy-- and that might not be for everyone. >> whitaker: that's a pitfall? >> kardashian: yeah. for me, i can handle it.
exist without social media? >> kardashian: not in this way. i totally attribute my career to social media. >> whitaker: i have read that you have figured out how to monetize just the act of living. >> kardashian: i guess so. yeah. >> whitaker: the reality is, she's a savvy business woman who was one of the first to turn those millions of eyeballs millions of dollars. she posts pictures and gets paid for clothes she wears, products she uses, brands she endorses. we've been talking to a number of young influencers. many of them have different talents. they do comedy, they dance, they sing. what's your talent? >> kardashian: it is a talent to have a brand that's really successful off of getting people to like you for you.
into an empire worth in excess of $100 million, i've read. >> kardashian: so, i would think that has to involve some kind of talent. ( laughs ) you know? >> whitaker: gary vaynerchcuk is searching for the next kim kardashian. he runs a digital advertising company called vaynermedia that finds new online talent and connects them with brands. the day we were there, former wrestler hulk hogan was seeking advice on monetizing his social media en >> vaynerchuck: as long as you guys find the right cadence, as long as you don't make it a complete p.r. piece every episode, you will win. >> hogan: right. >> whitaker: how do you develop a following? >> vaynerchuck: it starts with, are you good enough; are you pretty enough-- model; are you funny enough-- comedy. >> whitaker: some "it" factor? >> vaynerchuck: some "it" factor. the person that's the 18,417th funniest person never, ever had a shot on being on television.
opportunity to make $100,000 a year making skits on instagram, youtube, facebook, snapchat and twitter. that's... >> whitaker: $100,000 a year? >> vaynerchuck: that's right. >> whitaker: and that might be why 25,000 people showed up last spring at the online video industry's annual convention in anaheim. it's where teens and 20- somethings come, hoping to learn to become the next kim kardashian or logan paul or perhaps baby ariel. like watching the 15-year-old lip-sync songs on an app called musically. >> baby ariel: ? just gonna stand there and watch me burn. ? >> whitaker: she pitches candy, she has her own line of lipstick, and three bodyguards to hold off her fans. it might seem crazy, but today some kid with an iphone and a dream can make more money than earlier generations could have imagined. >> vaynerchuck: during the time
influencers popped up, making their first video ever-- maybe 40, maybe 400. so, the market is quite wide. it's just who's going to win the depth game and be the best at it. >> whitaker: it's a worldwide popularity contest conducted minute by minute. one sign of just how popular influencers have become: they've caught the eye of the federal trade commission, which now requires that influencers make absolutely clear when one of their postings is an ad. the influencers told us government watchdogs are not going to slow this business down. kim kardashian had a setback when she was robbed, but, like the other influencers, she's banking on the future of social media. >> kardashian: i do believe that the pros in my situation and my lifestyle have been more beneficial than the negative things. >> whitaker: and the money is not bad.
>> this cbs sports update is brought to you by ford. i'm james brown with scores from the n.f.l. today. four vikings turnovers nomped them to the ranks of the unbeaten. oakland had its fourth straight road win. cincinnati beats cleveland with 5 59d yards of total offense. tom brady has two touchdown passes, leading new england to its third straight win. for more sports news, go to cbssports.com. ? ? one smart choice leads to the next. ? the new 2017 ford fusion is here. it's the beauty of a well-made choice.
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a man attacked me in a parking garage. tried to stab me with an 8-inch knife. but i carry a pistol. i fight back. that's why i'm still here. every woman has a right to defend herself with a gun if she chooses. hillary clinton disagrees with that. don't let politicians take away your right to own a gun. donald trump supports my right to own a gun. >> whitaker: in the mail this week, viewers had different responses to our story about syrians "finding refuge" in the
i'm bill whitaker. we'll be back next week with another edition of "60 minutes." retirement. r get organized at voya.com. how tall are you? how do we measure greatness in america? it's measured by what we do for our children. it's why as president i'll invest in our schools. in college that leads to opportunities... not debt. and an economy where every young american can find a job that lets them start a family of their own.
? they say they're coming for you but i don't want none ? ? 'cause i really don't care and i'm still kinda young ? this view is sick! yeah. wow, you sure know how to pick a location. yeah, we'll have these shots plastered across the 'gram by the end of the week. so, where do you want me? uh, up there, on the ledge. that ledge? yeah, come on. i've done this, like, a thousand times. let's go. uh, are you sure this is safe? you're good. you're good.