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tv   CBS Overnight News  CBS  January 4, 2016 3:00am-4:00am EST

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family to newly poor practically overnight. realize this could happen to you, and that's why it's so important for you to get a financial education and take the proper steps to take care of your family. and the best way to do this is through real-estate investing. statistics show that real-estate investing is the most likely way to achieve financial independence, and more average, everyday people have become millionaires through real-estate investing than anything else. in fact, the irs reported that over the past 50 years, of all the americans who declared more than $1 million on their income tax returns, 71% of them were in real estate. you see, in high school and college, they teach us how to get a job, but at my live events, i take pride in teaching you how not to be dependent on a job and how to take control of your own destiny. >> before going to than's event, i was living paycheck to paycheck.
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in fact, on my first deal using than's system, i had nothing in my savings at that point. on that deal, i made over $40,000. fast forward to where i am today -- my net worth has grown astronomically. i am buying and selling multiple properties every month, and the sky's the limit at this point. i absolutely love knowing that i do not have to depend on anyone else for money ever again. >> we have so many successful students just like marina, who came to one of my events, who just wanted more opportunity and a better life, learned my system, and are now out there making money in real estate, loving what they do. throughout this show, you're gonna see and hear from successful students of mine from a wide variety of different backgrounds, from teachers to truckers, to realtors and contractors, to attorneys, to stay-at-home moms and dads. many of my students started with little to no money and on a part-time basis. one of the reasons i have so
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many successful students is because one of the first things that we teach you at the event is how to find killer real-estate deals you can flip and how to find the best deals that you can hold on that create monthly cash flow. in fact, this property right behind me was a pre-foreclosure that i got at a rock-bottom price using one of my strategies that you're gonna learn at the event. this isn't just something i talk about. this is what i do every day, and this is what my students are out there doing every day. and this is something that can change your life forever. >> well, our eyes have been opened to amazing strategies that we didn't even know existed, and now our company is getting killer deals. >> now, i know what you might be thinking -- "than, don't you need money to be successful in real estate?" you see, that's one of the biggest misconceptions. in fact, take this house behind me. this is a house i flipped with none of my own money, and i made $38,000 on using a private lender. and one of the things we're gonna teach you at the event is how to find private lenders in
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your area who are willing to loan you money on real-estate deals that you find. >> after attending this training event, i can tell you i now know exactly where i'm gonna get more money to do more deals. >> announcer: if you're looking to make more money and take control of your personal and financial future, then get ready, because than merrill, the star of a&e's hit tv show "flip this house," one of the most successful real-estate investors in the country and america's number-one real-estate-investing expert has one heck of an opportunity for you. than is hosting a one-of-a-kind free two-hour real-estate wealth-building workshop where you will learn his three-step system for getting started flipping homes and buying and holding income properties. >> the system can work for you even if you don't have any money or experience. now, if you have money and you're comfortable right now, in my opinion, there is no better place to invest than in real estate, and at the event, you're gonna be introduced to a couple strategies you can use to build
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including one strategy where you can earn up to 16% to 18% interest on your money, supported by united states law and backed by real estate. it's a killer strategy. >> nothing even comes close to the events that than and his team put on. they are information-packed and have helped me so much. >> over the course of this show, you're gonna see examples of the 31 real-estate deals that i have going on right now, like the one behind me that i'll be selling in just a few days and will make over $35,000 on. at my events, you're also gonna see examples of people who are making money in your backyard using my system. and that's why these live events are so valuable, because you're gonna be learning what is working right now in today's market, as opposed to outdated information from a book written three years ago. however, if you sit around and wait, you're gonna miss the absolute best window of opportunity to make money. because we're at the bottom of the market cycle right now,
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which is the best time to get in. right now, i'd like to give you the opportunity to get two tickets to the upcoming two-hour training event for free before they're gone. >> announcer: if you're looking to make more money and take control of your personal and financial future, then get ready, because than merrill, the star of a&e's hit tv show "flip this house," one of the most successful real-estate investors in the country and america's number-one real-estate-investing expert has one heck of an opportunity for you. than is hosting a one-of-a-kind free two-hour real-estate wealth-building workshop where you will learn his three-step system for getting started flipping homes and buying and holding income properties. at this event, you will learn exactly how you can do this without needing money, credit, or any prior experience. than's system has created thousands of success stories around the country and helped numerous people make money and change their financial futures forever. when you attend this live event, you will discover five untapped and consistent sources of properties than and his students
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have been buying for significantly under-market value that the general public doesn't know about. you'll also learn about a nationwide source of wealthy cash buyers than and his students flip these properties to. when you register and attend, you'll also get than merrill's "money resource guide" that shows you the seven best sources of money you can utilize to flip real estate using little or none of your own money or credit. this resource guide addresses the number-one problem most people have, which is how to get the money for your deals, and it's yours, free, when you attend. plus, you'll also get than's vip success package for free, which details out how than finds his deals and buyers and is full of other valuable resources that every real-estate investor needs to be successful. don't let this opportunity for you and a guest to attend this powerful live training event in your backyard pass you by. seating is extremely limited, so you must call the number at the bottom of your screen or go online right now to reserve your free tickets. make your guaranteed reservations right now, before it's too late. >> one of the reasons i've
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consistently made money in real estate and why i've been able to build a sizeable rental portfolio and why i have 31 deals going on right now, like this house behind me, is because i discovered five untapped and very consistent sources for properties that you can pick up significantly below market value. in fact, these five sources for deals produce the profits that you're seeing right now that i've flipped in the last two months alone. this is also one of the reasons why we have so many successful students around the country who have done thousands of deals. at the event, we're gonna introduce you to what these five sources are and how you can use them to find a deal for yourself very quickly. we're then gonna teach you a strategy of how to put a property under contract and then how to flip or sell that contract to another person. this is a perfect strategy if you just want to dip your toe in the market on a part-time basis and if you don't have a lot of money.
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in fact, i want to roll a clip of one of my students, terriel, who's used this strategy over and over again. >> hey, than. i just want to thank you for everything you've taught me, man. i learned some killer strategies to get started in real estate without needing any money. in my first year alone, i flipped eight properties, because i learned how to find consistently good deals. in fact, i just wholesaled a deal to a wealthy cash buyer. i made $30,000 on one deal. i used to worry about money all the time, but now that burden has been lifted. i'm spending time with friends, family, and life is amazing. anyways, thanks again, than. i couldn't have done it without you, buddy. >> terriel is an amazing guy who had literally zero experience before he came to one of my training events. terriel's now working for himself, loving life, and living his dream. one of the reasons terriel is so successful and why we have so many successful students is because we teach you things that make flipping properties so much easier.
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be introduced to at my event is how to find wealthy cash buyers who are currently buying properties in your area. these are wealthy people who are paying cash for properties right in your area and around the country, and many of my students have tapped into this source of buyers and has made it so much easier for them to get started and have success. just listen to what some of my students have to say. >> i'm happy to say that, since going to the training, we're on our fourth deal, and the most recent deal we closed on, we made over $35,000. >> as a practicing attorney, i was definitely somewhat skeptical at first. however, after having a chance to meet all the guys, i can tell you that they're really a down-to-earth group, unbelievably successful, and it is very refreshing to be learning from guys who are operating at this kind of a level -- at such a high level -- in today's market. >> we actually were able to make $19,000 in profit when all was said and done in our first
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>> as a single woman, i was somewhat intimidated by investing in real estate. however, than's event gave me so much confidence to succeed. i now have made $30,000 on my first deal, and i have five other deals in the works. >> folks, right now, the middle class is shrinking in this country at an alarming rate, and there's a huge transfer of wealth taking place between those people who understand the laws of money and how to invest in real estate and those who don't. a job does not mean you have security. you need to know that, no matter what happens to your job or the economy, that you have the knowledge in place to make money forever in real estate. and nobody can ever take that away from you. just imagine having more time for you, for your family, and having complete control of your financial destiny. that's the gift that i want to give to you. folks, it's scary right now.
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age 65 have enough money to retire on or are financially secure. and this is according to the u.s. census bureau. so, if you've ever worried about money, or you're not where you want to be financially right now, then you have to make a change. you have to step outside of your comfort zone, learn something new that can help you get to your financial goals and help you live a life you've always dreamed of. the reality is, if you keep doing what you're doing right now, you're gonna have another year next year like you had this year. however, if you want a different year, a better year, more time for your family, more time for yourself, just a better life overall, then you need a specific plan and system to get you there. that's why you have to pick up the phone. make your guaranteed reservation for this educational event and attend so you can better
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put the power in your hands and start taking control of your own life financially. >> shawn and i attended than's event a year ago, and we were pretty much novices when it came to real estate. the way that our business has been growing, i'll be able to quit my regular full-time job within the next 12 months. >> at the event, we will also teach you the second way i flip properties. and that's by fixing the property up and then selling it, like we do on our tv show. for example, this is one of the 31 properties i'm working on right now. on this property alone, i'm gonna make several times over what the average american makes in a year. just imagine how doing just one deal like this would impact your entire life. in fact, here are the profits i made in the last two months alone, just on properties i've rehabbed. i love this aspect of real estate because you can make even bigger profits, while, at the same time, you're improving neighborhoods.
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looks on tv. that's why you have to learn how to do it the right way. you see, a lot people who end up fixing up properties without a system -- they end up spending way too much time working on the houses themselves. at the event, we teach you our hands-off system for rehabbing properties and how to get these properties fixed up without you ever having to swing a hammer or pick up a single paintbrush. we educate you on the process so you know the steps, who you have line. we also teach you exactly how to get the money for these types of projects. in fact, one source we show you is an absolute gold mine. our students have used this source to get millions of dollars for deals they've rehabbed. just listen to some of these stories. >> i've been in construction as a residential home builder and years. i even sit on the board of directors for the national association of home builders. i'm here to tell you that the
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systems that than, paul, and j.d. have put together are the most extensive and conclusive systems that exist anywhere. they make it so easy to flip houses and make money. >> what really excites me about it is, number one, i see my retirement totally different now than i did five years ago. >> i thought i knew what i was doing. i've been investing in real estate for 30 years. it's so refreshing to learn from someone that's doing the business at such a high level in today's market. >> if you truly, truly want to change your life, to take control of your own destiny, to be in the driver's seat of your life, do it. do it now. >> i bought five properties. i've wholesaled three of those properties. i've just finished my last -- my first flip, and i'm holding onto one piece of property as a long-term strategy. go ahead. take this step. it's a leap of faith, and you will not look back. it will change your life forever. >> announcer: if you're looking
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to make more money and take control of your personal and financial future, then get ready, because than merrill, the star of a&e's hit tv show "flip this house," one of the most successful real-estate investors in the country and america's number-one real-estate-investing expert has one heck of an opportunity for you. than is hosting a one-of-a-kind free two-hour real-estate wealth-building workshop where you will learn his three-step system for getting started flipping homes and buying and holding income properties. at this event, you will learn exactly how you can do this without needing money, credit, or any prior experience. than's system has created thousands of success stories around the country and helped numerous people make money and change their financial futures forever. when you attend this live event, you will discover five untapped and consistent sources of properties than and his students have been buying for significantly under-market value that the general public doesn't know about. you'll also learn about a nationwide source of wealthy cash buyers than and his
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when you register and attend, you'll also get than merrill's "money resource guide" that shows you the seven best sources of money you can utilize to flip real estate using little or none of your own money or credit. this resource guide addresses the number-one problem most people have, which is how to get the money for your deals, and it's yours, free, when you attend. plus, you'll also get than's vip success package for free, which details out how than finds his deals and buyers and is full of other valuable resources that every real-estate investor needs to be successful. >> learning how to invest in real estate using this system has brought us closer together and put us on the path to financial freedom. >> announcer: don't let this opportunity for you and a guest to attend this powerful live training event in your backyard pass you by. seating is extremely limited, so you must call the number at the bottom of your screen or go online right now to reserve your free tickets. make your guaranteed reservations right now, before it's too late. >> just a few months ago, i attended one of than merrill's
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since then, i've sold two properties, i have six houses under construction, and i have three houses under contract. in fact, the house behind me i just sold and made $38,000. i'm providing a better life for my daughter, and i'm absolutely loving life. now i'd like to introduce you to the man who changed my life, my mentor and friend, than merrill. >> it's important for you to know that, when you attend one of my live training events, you're gonna be learning from someone who is successfully doing this right now in today's market. over the years, i've flipped hundreds of properties. i built a sizeable rental portfolio, and i have 31 deals going on right now, like the one behind me. i also have a track record for teaching other regular, everyday people how to be successful in real estate. in fact, i have some of the most successful students in the country, who have done thousands of documented deals using my system. i've literally created a road map for you to achieve your
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financial goals. this event -- it's gonna be a turning point for many of you watching this show right now. but you have to pick up the phone in order to make that change. all you need to do is call the number at the bottom of the screen or go online right now to reserve your two free tickets to my upcoming two-hour educational event. >> than's event gave me the confidence that i needed to succeed. since then, i have completed 15 real-estate deals, and i'm in the current process of completing two more. >> we have a lot of students who had zero real-estate experience who are now flipping multiple properties a month. however, learning how to flip is only part of what we teach you at the event. the second important step we teach you is how to build long-term wealth with real estate. you see, the key to building true lifelong wealth is to learn how to acquire income-producing
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here, that produce monthly checks for you whether you work or not. and if you think about it, no matter what you do for work right now, chances are you wake up, you leave your house, you leave your family, and you trade your time for money. however, there's only so many hours in a day that you can work. so, your ability to produce income is capped. just imagine owning real estate that produces money for you every single month, regardless of whether you're at work, on vacation, or asleep in your bed. this newfound financial freedom is gonna give you peace of mind, it's gonna give you more free time, and it's gonna allow you to give back to those that you care about the most. >> because of the training, i've acquired a few income properties, set up passive monthly income streams, and in the next few months, i will be able to quit my job, all from what i learned. >> now, i know some of you
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watching at home may have been to other trainings, or you're financially comfortable right now, or you're already in real estate in some shape or fashion. you might be wondering how i can help you. well, over the years, i've helped so many people grow and literally automate what they do by learning our system. take gregg cohen, for example. gregg is a student of mine now doing over 100 deals a year and absolutely crushing it. i've even had students who have attended our training events, who started using our systems, and are now so successful that other people started taking notice, and they now have their own tv shows and have been featured on shows like "flipping san diego" on a&e and "property wars" on discovery and "house hunters" on hgtv. in fact, here is one of those students. >> than, your system and what you teach is amazing. as you know, i was a realtor before becoming an investor, and i went to your seminar, and it all clicked. i started rehabbing properties
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and using your systems, and my business took off like wildfire. and as you know, the discovery channel started calling me when they found out what i was doing, and now i'm featured on "property wars." going to your seminar was the best decision i ever made. >> curt is a great guy who's become very successful using our three-step system. and what really blows me away is not only how well curt and our thousands of other students are doing financially, but, more importantly, how proud their spouses and families are of what they've done and what they've accomplished and just how happy they are now. >> i have a business that my wife and children are proud of. we're going into neighborhoods and being paid to fix up properties. i'm building a legacy for my wife, my children, and my grandchildren, and i'm doing something that i absolutely love. >> at the event -- and this is killer -- we introduce you to three powerful and little-known strategies for investing in real estate passively and earning high rates of return. in fact, one of those strategies
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you're gonna be introduced to, you can earn up to 16% to 18% interest on your money, supported by united states state law and backed by real estate. this is a little-known, passive real-estate-investment vehicle that's been around for over 100 years. we're also gonna show you how to use this strategy and other strategies to flip properties 100% tax-free. these are killer ways to invest build a retirement account for you and your family, because your money's gonna be growing so much faster in a tax-free or a tax-deferred environment. you see, working a job and just saving money alone may not get you to your long-term financial and retirement goals, and that's why it's so critical for you to learn these powerful, long-term wealth-building strategies. >> right now, we're working on houses number 14 and 15, and we
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and on our last four deals, we're averaging $100,000 in profits on each deal. >> after all the closing costs and all the expenses it took to do the rehab, we made approximately $110,000. >> this house behind me -- i got it under contract, and using the strategies that you taught me at your event, i was able to sell that contract, and i made over $9,000. >> it completely turned my life around from "a" to "z." that is, by far, the best thing that could have happened to me. >> as you're watching at home -- we only have a few seconds left, so pick up the phone and call the number right now to make your guaranteed reservation. this event is an opportunity many people will jump on in this area and change their lives forever. them. if you want a better year this year, compared to last year, you have to do and learn something different.
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situation or your background, you can do this successfully. real estate has changed my life, and i know it can change yours. i hope today is a day that you mark on your calendar, one where you can put a mark of an event where you and your financial future and your life took a giant leap forward. thanks for watching. i look forward to having you at
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man: i realized, at that moment, these people really needed us and i was going to make a difference, right here in my community. announcer: be there for your community,
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>> it was the toughest day of my life. >> reporter: burchanowski is posting each adventure to
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facebook. some are simple. there's number 43, build a snowman. others are sweet. like number 66, take a relaxing bubble bath. and ones all dog owners can identify with. like number 12. watch a sunset with my best friend. why did you create the bucket list? >> we just wanted to do something that would be special for her in her last days. >> reporter: it seems to be striking a chord with people from across the country, who write back with words of encouragement. the duo still needs to check off about 30 items. >> i try to, you know, give her as many hugs and kisses and as many treats as she wants nowadays. >> reporter: it's a journey no one really wants to take, especially with their best friend. jamie yuccas, cbs news, new york. that is the overnight news for this monday. for some of you the news continues. for others check back with us a little later for the morning news and "cbs this morning." from the broadcast center in new
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>> announcer: this is the "cbs overnight news." welcome to the overnight news. i'm jeff glor. president obama is back at the white house after his two-week holiday in hawaii. at the top of his current agenda, gun control. the president says he's preparing a series of executive actions that would not require congressional approval. chip reid reports. >> reporter: it was just after the mass shooting at an oregon community college in october that the president decided he had to take executive action on guns. he made the announcement in his weekly address, posted on the white house website. >> i directed my team at the white house to look into any new actions i can take to help reduce gun violence.
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attorney general, loretta lynch, to discuss our options. >> reporter: sources tell cbs news those options include expanding the definition of who is in the business of selling guns so that more gun sales trigger background checks and requiring enhanced reporting and tracking of lost and stolen guns. the president blames the republican congress for giving him no choice but to take unilateral action. >> we know we can't stop every act of violence. but what if we tried to stop even one? what if congress did something, anything to protect our kids from gun violence? >> reporter: last month senate republicans blocked democratic proposals that would prevent people on the terror watch list from buying guns and require background checks for online gun purchases. meanwhile, some states are taking action on their own. in california a new gun control law that took effect yesterday allows judges to order the seizure of guns from people deemed dangerous by their own family or by law enforcement. texas, though, is going the
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other direction on gun control with a new law allowing guns to be carried openly in public places. the nra did not respond to our request for a comment. but when the details of the president's plan are announced, which could be as early as next week, the response from gun rights supporters is expected to be furious. 2016 brought a series of notable new laws to states from coast to coast. here with a look, kris van cleave. >> reporter: the new year brings some good news for taxpayers in oklahoma and in massachusetts, where state income taxes are dropping and minimum wage workers in more than a dozen states will get raises in 2016. but the most controversial new laws center around guns. in texas a new open carry law allows people with concealed weapon permits to wear a holstered gun in most public places. >> it's going to be a learning process. there's going to be some growing pains at the beginning. i'm sure there will be some people that will be startled possibly by the sight of someone
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carrying openly. >> reporter: this as california tightens its gun laws, banning firearms in or around schools even for holders of concealed weapons permits. bb and pellet guns sold in the golden state will have to be a bright color like pink to make in hawaii new signs are posted warning of a first in the nation law raising the legal smoking age from 18 to 21. the law applies to cigarettes and electronic smoking devices. a second law there bans e-cigarettes in places where smoking is prohibited. >> our youth survey shows that a fourfold increase happened in public high school students who use e-cigarettes. from 5% in 2011 to 22% by 2015. >> reporter: tennessee becomes the first state to create an online registry of animal abusers for people who have been convicted of animal cruelty. state representative daniel jernigan supported the measure. >> if you're going to pull a dog behind a truck, if you're going to burn a cat, if you're going
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to do severe animal cruelty, then there needs to be some consequences to your actions. >> reporter: among other new laws taking place across the country, washington, d.c. has prohibited styrofoam food containers. california has banned drivers and bicyclists from wearing earbuds in both ears or resting them on their ears, closing a legal loophole. and parents in north carolina can freeze their children's credit reports to prevent identity theft. elsewhere, illinois is starting a pilot program allowing for what are essentially combination locks on certain prescription painkiller bottles. also, oregon and california became the first states to automatically register people to vote when they obtain or renew a driver's license. the republican presidential contenders are strongly opposed to the president's gun control plans. john dickerson discussed the subject with gop front-runner donald trump on "face the nation." >> well, i don't like it. i don't like anything having to do with changing our second amendment. we have plenty of rules and regulations. there's plenty of things that they can do right now that are already there, they don't do them. we have a tremendous mental health problem. we're closing places all over
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the world. all over the country they're closing. nobody's doing anything about that. all they want to do is blame the guns. and it's not the gun that pulls the trigger. so i don't like it. i don't like what he's doing. i think that he's looking to do executive orders to do something having to do with guns. >> background checks happen for normal gun purchases at a normal store. so his argument would be just do it here. it's this loophole, you want to make it the same everywhere. >> john, i'm going to have to take a look at it, but i don't like changing anything. right now they have plenty of rules and regulations and they i mean, we should build like sickos. we have sickos all over the place. and that's the problem. >> so you'd spend more money on that? i would definitely spend more here's the problem. get the guns. you can have all the but the bad guys are always going to have the guns. >> let me ask you about executive orders in general. like them? don't like them? that the president uses them to go around congress. >> well, i don't like them. and our country wasn't based on executive orders.
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nobody really knew that we even had an executive order, such a thing. it's supposed to be you get along with congress and you cajole and you go back and forth and everybody gets in a room and we end up with deals. and there's compromise and lots of other things. but you end up with deals. here's a guy just goes -- he's given up on the process and he just goes and signs executive orders on everything. >> so if you were president -- you seem like the kind of guy who if you were president you would use an executive order or two. >> i will say this. there's a lot of precedent based on what he's doing. now, some have been -- his executive order on the border amazingly the courts actually took that back a step and did something that was very surprising, is they did the right thing. so that maybe that one. but i would be rescinding a lot of executive orders that he's done. i mean, he just -- the one thing good about executive orders, the new president he comes in, boom, first day, first hour, first minute you can rescind them. >> let me ask you about a video that's been put out by al shabab. this is an isis-affiliated terror group. and in the video they use you, donald trump, a clip.
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for a total and complete shutdown of muslims entering the united states until our country's representatives can figure out what [ bleep ] is going on. >> then the video goes on and says "the west will eventually turn against its muslim citizens." they're saying to muslims either you join jihad or leave the united states because of what mr. trump is proposing. >> look, there's a problem. i bring it up. other people have called me and they say you have guts to bring it up because frankly it's true. but nobody wants to get involved. now people are getting involved. people that are on different persuasions than me right now, john, are saying you know, maybe trump isn't wrong. we want to examine it. there's a lot of bad stuff going on. i'm watching the news tonight, actually. cbs. and so many of the elements. you look at germany. you look at brussels. you look -- all over the world they're shutting down cities that never had a problem before.
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that never had a problem before. you look at paris, what happened. you look at california, what happened. john, maybe it's not politically correct. there's a big problem out there. and we have to solve the problem. >> the cbs overnight news will be right back. a mouthbre how can anyone sleep like that? well, just put on a breathe right strip and pow! it instantly opens your nose up to 38% more than cold medicine alone. so you can breathe and sleep. shut your mouth and say goodnight mouthbreathers.
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cold and flu. but disinfecting with lysol can. lysol wipes and spray are approved to kill more types of germs than clorox. to help keep your family healthy, lysol that. the retail sales numbers are trickling in from the holiday shopping season. michelle miller has a look at the winners and losers. >> reporter: unusually warm winter weather triggered sales drops in coats, hats, and gloves. but consumers did spend money on other things. according to mastercard, retail sales grew almost 8% this holiday season compared to the same time a year ago. women's apparel and furniture led the way. sales in both sectors were up more than 10% nationwide. >> people are just out shopping. >> reporter: david sabel runs mattress and furniture supercenter in tampa. he's keeping his store open on
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season. >> from black friday until now our sales have been up 65% compared to last year. and it is the highest increase i've ever experienced. >> reporter: and rising spending in the furniture business shows the u.s. economy is strengthening. says sarah quinlan, senior vp at mastercard advisers. >> the furniture is more important because that really shows sustained confidence. i'm buying that sofa and i'm investing and i'm saying that i have confidence, i'm going to hold on to my job, get bonused and be able to pay off these purchases. >> reporter: there were some surprising dips in buying trends this time around. sales in men's apparel and electronics were both down. but quinlan says it's no cause for concern. >> this was a tremendous year for the economy in the united states as reflected in retail sales, which really does reflect the entire economy. which really bodes well for the new year.
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other factors driving the spending surge -- cheap gas and e-commerce. online shopping is up 20%, and elaine, consumers, they're spending roughly about 75 cents of every dollar saved at the gas pump. uber is looking to expand in china. but the company faces both legal hurdles and local competition. seth doane has more. >> reporter: with the smog and traffic to prove it, china has as many as 750 million urban commuters. and there's a multibillion-dollar battle for their business. >> it has all the cars around us here. okay. he's letting us in. >> reporter: we crisscrossed beijing to witness the fight from the front seat. in the ring heavyweights uber worth upwards of $70 billion. versus china's dd quaidi valued at 16 billion.
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>> reporter: we're in a dd car. this gentleman picked us up. but he doesn't want to go on camera. he says he's doing this to make a little extra money. "i can make about $800 a month," he said. "it will help cover the expense of my car." ride-hailing services are brand new to china and are technically illegal but the law is selectively enforced. both didi and uber are operating in a gray area while the government reviews its regulations. >> call on uber here. two minutes away. >> reporter: since this kind of operation is still considered illegal in beijing, chu jong fo because it will cover all the didi dwarfs uber here. it's in 360 cities across china compared to uber's 21. both companies are spending big to lure drivers and riders. and both are relying on publicity stunts like this
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the city of hangzhou. in a letter to investors uber's said competing in china is not for the faint of heart. we'd add driving here is not for the faint of heart either. seth doane, beijing. kenya may seem like an unlikely place to find a vibrant country music scene. but on a recent trip to nairobi with president obama major garrett saw the influence of elvis on a local musician. >> reporter: as daylight drifts away, bonfires crackle, longnecks stand guard, and -- country music makes the twilight feel right. this is nairobi, kenya, a city of nearly 4 million. 8,000 miles from the grand ole opry. but for a reporter traveling with president obama the country music and feel of americana is unexpectedly real. right down to the performer, elvis.
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not knowing what real love is elvis otieno, or sir elvis as he's known in these parts. he is not an impersonator. he's as country as johnny cash. lose these new york blues >> my mom and my dad loved elvis presley. and so when my mom gave birth to me, that was the year elvis presley died. mysteriously i became a musician. wheel >> reporter: elvis was born in rural kenya, the son of a rock me tell me about country music in nairobi and in kenya. is there an audience for it? >> a huge audience here in kenya. way back then from '50s and '60s there has always been a country music program on the airwaves in the kenyan soil. >> reporter: there still is.
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times a week. david kamoso hosts the show and says country took hold after kenya freed itself from british colonial rule in 1963. >> kenyans got exposed to country music a long time ago. well, i don't obey no social graces >> reporter: locals call sir elvis a phenomenon. >> the songs sound like the original. that's why wherever he goes there's a huge following. >> reporter: like flash and sarah mwasa, who follow elvis wherever he performs. >> me and my wife are just crazy about this guy. we love country. >> his voice is just amazing. >> reporter: elvis sometimes shares the stage with esther kankara, an up-and-comer on the kenyan country scene, who styles herself after an american country legend, dolly parton. >> i really love singing her songs. most people say i sing like her. or she sings like me.
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country has such themes like family values, love, god, and country roads. >> reporter: those timeless themes, elvis says -- -- give country music universal appeal and sometimes set dreams in motion. like leaping from an outdoor stage in nairobi to a honky-tonk or something bigger in america. >> it is a dream. but i always put myself in a spot where if it doesn't happen i don't think it's going to be a really big story for me. i keep it simple. >> just like country. >> yeah, that's right. oh, yes, i'd rather love and lose you than never know real love at all >> reporter: major garrett, nairobi, kenya. it's taco tuesday. you're not coming. i took mucinex to help get rid of my mucusy congestion. oh, right then i'll swing by in
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like 4 hours. forget the tacos! one pill lasts 12 hours. i'm good all day. wait! your loss. i was going to wear a sombrero. only mucinex has a bi-layer tablet that starts fast, and keeps working. not 4, not 6, but 12 full hours. start the relief. ditch the misery. let's end this. (cell phone rings) where are you? well the squirrels are back in the attic. mom? your dad won't call an exterminator... can i call you back, mom? he says it's personal this time... if you're a mom, you call at the worst time. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. r it's what you do. where are you?r it's very loud there. are you taking at
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wizard is making quite a splash movies. john blackstone has the story of action movie kid. >> reporter: james hashimoto is pretty much your typical 5-year-old. with superhuman powers.
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millions of views. they're created by his dad, daniel hashimoto, hashi to his friends. >> here we go! >> reporter: special effects wizard who's worked on films such as "kung fu panda 2." >> you know what i told you about climbing on there. >> reporter: the short clips dad. >> i'm climbing. >> i know. your mom's going to kill me. >> reporter: real moments at home not directed by dad are simply captured on a smartphone and then turned into movie-quality magic. >> you forgot your lunch! >> he's pretending to be iron man i think and blasting up the kitchen and i thought it would be so fun to add graphics and show them to him so he can see what it's like being a real superhero. >> what was your reaction the first time you saw james blowing the kitchen apart? >> sorry. >> i guess i thought oh, hashi. >> reporter: mom, mandy richardville, has her own outlet for creativity.
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kitchen. >> he has a daddy who makes cartoons, and he lives basically in a chocolate factory. >> reporter: the couple has action movie kid book. the cover, of course, animates. thanks to an app called blipper. amazing what you can do with an old-fashioned book now. >> it sure is. >> you clearly have the video ideas, but when it came to writing the book, mandy, you became the brains in the operation? >> mostly. i don't know if became is the right word. >> i would give her credit for being the brains of the operation overall. >> reporter: combining his heroic deeds with his love of sci-fi, the book has the kid taming a slime monster. >> slime monster is no match for action movie family. >> reporter: action movie family. >> whoa. >> let's go.
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you engage in your child's imaginative play you can kind of create these really fun memories for them. >> reporter: for "cbs this morning" john blackstone, los angeles. colorado state university has a new program in beer. barry petersen has this story. >> there are beers over there. >> reporter: beer and college have gone together for a long time. >> don't lose the foam. that's a common technique people have a problem with especially if you're pouring off a keg. >> reporter: but not like this. colorado state university is one of several colleges now offering a major in beer. >> is this fun? >> it is fun. and it's a lot of work as well. >> reporter: jeff calaway would know. he left the cutting-edge world of biotech to teach about a beverage that man started brewing 7,000 years ago. and beer, it turns out, is complicated. >> this isn't brewing beer in your garage. you've got to have a lot of science that goes with this. >> absolutely. so before the students even get
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to think about brewing beer they have to learn biochemistry, microbiology, physics, organic chemistry. there's a lot that you have to do to work your way into the lab. >> reporter: a lot of students set their course to work with craft beers like new belgium, a brewery just down the street. >> america is the best place in the world to drink beer right now. this is where the innovation is happening in beer. >> reporter: ceo kim jordan and her former husband started making beer in a garage in 1991. today new belgium craft beers are shipped across america and even to sweden. but little breweries are doing big business. in 2014 the craft beer market was $19.6 billion strong. still smaller than the $101 billion in sales of beers overall. but craft brewery sales also grew 22%. so to help train more future beer makers new belgium donated a million dollars to the csu program.
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it's a career with a beverage that has a philosophy all its as benjamin franklin lovingly put it, beer is proof that god
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natalie cole passed away last thursday. anthony mason looks back on her life and legendary career. >> reporter: in a career that spans four decades, natalie cole sold more than 30 million records. you are my first love the daughter of the legendary nat "king" cole and jazz singer maria hawkins ellington, cole made her name in r&b. i'm so glad she broke out in 1975 with the hit single "this will be." this will be an everlasting love for me
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grammys including best new artist, was originally offered to someone else, says music journalist james bernard. >> it was offered to aretha franklin first. i miss you like crazy >> reporter: for all of cole's talent it was her father's legacy that would both help and haunt her career. >> hi, ed. how are you? >> reporter: she appeared with him in 1957 on cbs's "person to person" with edward r. murrow. >> how many of those pups would you like to keep? >> all of them. >> reporter: cole was just 15 years old when her father died of lung cancer. his loss would lead to a struggle with drug addiction. she wrote candidly of her many low points in a 2000 autobiography, "angel on my shoulder." in an interview with "cbs sunday morning" in 2006 she described one of her darkest moments inside of a burning hotel room. >> i had pulled my paraphernalia. i had my drugs. i was getting ready to say okay, this is the way i'm going, i guess i'm going out like this.
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and when they hacked -- you know, axed the door down and came through, it was like valhalla. it was like god was saying, i'm not through with you yet. unforgettable >> reporter: cole's greatest triumph came in 1991 with the album "unforgettable with love," covers of standards originally recorded by her father. that's why darling it's incredible her duet with her dad on "unforgettable" would sell 14 million copies and earn cole six grammys. she discussed the collaboration in an interview on "cbs this morning" two years ago. >> i never got a chance to say good-bye. and so i continued to converse and tell my dad how much i love him when i get an opportunity to sing these kinds of songs. >> reporter: despite health problems including hepatitis c and kidney failure, cole continued to put out records and tour. to help secure her legacy.
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