tv On the Money ABC June 5, 2016 7:30am-8:00am EDT
hi, everyone. welcome to "on the money." i'm becky quick. going green? why the convenience of plastic bags may soon cost you. dozing in dollars. why catches more zs can make you more productive. and why ag is cool. you may need more than a strong back these days. from your basement to your bathroom to your bedroom, which home renovations pay when it's time to sell? and here comes the bride. the new trends when it comes to saying "i do." "on the money" starts right now. >> this is "on the money." your life, your money, your future. now, becky quick. >> we begin with plastic bags. they can cause big problems for the environment. most are thrown out and not easily recycled. now more than
plastic bags are banned or shoppers are charged the fee to use them. that is our cover story tonight. plastic bags have gone from a shopping convenience to what some say is an environmental nuisance. over 1 trillion of these bags are used each year and 90% are thrown out after each use. even worse, they can take up to 500 years to degrade. more than 200 cities in 20 states and the district of columbia have passed plastic bag regulations, ranging from complete bans in austin and seattle to fees. aspen charges 20 cents. do these regulations work? the d.c. fee has resulted in a 50% decrease in the use and in los angeles, they went from using 2.2 million bags a year to 125,000. but not all regulations have had the same impact. residents used heavier grade plastic t
degrade. consumers were buying garbage bags. and they are currently on hold and awaiting a public vote in november. will bag laws help reduce the litter out there or is it having the opposite effect? todd myers is author of environmental director of the washington policy center. thank you both for being here with us today. jenny, let's start with you. you worked on the first plastic bag ban in san francisco in 2007. do you think this makes a difference and what have you seen in terms of an impact? >> these laws make a huge difference. i thought it was particularly problematic form of waste. cities are the ones that pay to clean up bag litter and plastic bags clog recycling machinery and make it harder to recycle the things that are actually really useful to
bottles and cans. in san francisco, originally there was a ban on plastic bags and i helped rewrite that to make it be a ban on thin plastic bags and a charge for paper bags and the thicker plastic bags that qualify as reusable. that's where we really saw a huge change in consume early behavior because people hate the idea of having to pay something for a plastic bag. >> todd, you called the plastic bag ban an environmental fad. why do you think that? >> the mab tra is to reduce, reuse and recycle. plastic bags cannot be recycled because they are reused. i have dogs and i use them a lot. second, they are used twice for bin liners. plastic bags use a lot less energy. they use about one-fifth the energy of a paper bag and 200 times the energy. it does more for
because what people switch to is far more environmental damage for energy and water quality. and that, i think, is the real problem with the donald trump feel good solutions that they feel good but when you look at the science and environment, they do more damage. >> it brings up a good question about unintended consequences. >> well, let's be very clear about what we're talking about because i am a proponent of not just straight plastic bags, bans that just ban plastic and don't address other types of carry-out bags. over 200 cities have adopted these laws and they learn from one another about what laws work and what don't. >> what bags are acceptable? i mean, you just heard about cotton bags being something that takes more to grow and get through. paper bags requiring a lot of trees to be cut down to make. what is the best alternative? >> the best is to bring a
reusable bag and to use that bag over and over again. it's true they take more resources than single use plastic because they are meant to be used over and over again. i'm a proponent for charging a fee for all carry-out bags and that way people have to stop at the register about whether they need a bag or not and that's where we see the biggest impact. 5 cents you wouldn't think it would matter that much but people hate the idea of something that they are used to getting for free. >> even when i don't need it with an item or two. you have an argument that as a germ freak you got to me. you point out that e. coli can contaminate the reusable bags. how big of a problem is that? >> we had a girl's soccer team in oregon that had that problem. the problem is with reusable bags, you have to watch them and it's another environmental impact.
water. i understand wanting to use less. but a plastic bag ban moves people to something else. if you go to whole foods, what they are going to try to sell you is a cotton reusable bag which uses 100 times as much energy and costs 300 times as much impact on water quality. this is the biggest problem. plastic bags do get into the water. they do have impact. i'm not saying that there is zero impact. a plastic bag ban makes that problem worse by focusing and creating an even larger environmental problem. those are the tradeoffs that we have to think and if we're going to do something about reducing resource use, we can be smart about it. i'm not saying that there is no impact but we have to be smart about it and plastic bags are not a smart way to do it. >> i will tell that you you both have given me a lot to think about. thank you both for your time today and really appreciate you bringing this to our attention. >> thank you so much. >> n
making news as we head into a new week "on the money." a stunning job's report for the month of may. 38,000 jobs were created, way below analysts expectations and it was the few west in five years. however, the unemployment rate fell to 4.7%, the lowest since november of 2007. it was at least in part because fewer people were looking for jobs but figure out those two numbers. good luck to you. the s&p 500 closed at the highest level in seven months. though stocks fell on friday. a sign of stabilization in the manufacturing sector of the economy. the institute of supply management's manufacturing index showed a third straight month of growth. it contracted for the five previous months. the average alone is north of $30,000. experience shows that these loans also averaged $503 a month and that's the first time the average payment was above $500. get this, a third of
have repayment terms of 73 to 84 months. that is a very long time. when you think of farming in america, you likely think of long days, hard work and an american tradition. what you probably don't think of is high-tech workforces. they go hand in hand. trying to pralant the seeds of opportunity. >> reporter: tracy never saw a corn seed or soybean, much less the high-tech tools used in farming today. that changed during college internship with monday tan sew. >> i never knew how much technology went into farming. once i got on that tractor it was like stepping on a spaceship. >> reporter: the wow factor cons convincing the graduate his future was in agriculture, not construction management, as originally planned. >> growing up, you see farmers on cartoons or on tv and they don't really seem like it's much to the job but
there's a lot of science and technology that goes into growing the seed that we sell. >> reporter: the payoff, at 26 he's a production manager checking billions of soybeans a year before they ship to dealers. another payoff, knowing he has a hand in putting food on our table. >> it's great to know that the job that i do actually has results that people can use and results that people can see. >> reporter: now, he came to monsanto throu an internship program formed with the 1890 school, the historically land grant colleges. it's one of the many avenues pursued to get the needed workforce and the need is great. it's estimated that each year for the foreseeable future, the number of high-skill jobs in ag will outspace the number of college graduates to fill this job by 22,000 each year.
becky, back to you. >> thank you very much. next on "on the money," is staying up late dragging you down? my conversation with arianna huffington about the val you of sleep. which projects are best when it comes to boosting your home's resale value? as we head to a break, let's look at how the stock market ended the week. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support.
are you tired? from most of us, that is a silly question. lack of sleep is a public health problem. arianna huffington is co-funder of the huffington post and leading the charge for americans to get more sleep. it's called "the sleep revolution". thank you for being here. >> thank you so much, becky. >> i love talking to you about
people walk around and think it's a badge of honor to say i only slept four hours last night, you tell them that they are crazy and wrong and short changing themselves? >> this is really this moment and which is equivalent to where we were with smoking in the '60s, people thought it was glamorous. the science was in that tobacco is killing us. it's the same way now. there are too many people who think not sleeping enough is a badge of honor but the science is in and it degrades every human and our decision making and our happiness. you know when we are sleep deprived we are more cranky and moody. >> by the way, you have personal experience that brought you to this moment? >> i actually slept from sleep deprivation having done everything wrong and nine years ago now and
millions of us because if we live in this delusion that burnout is the way to succeed and get things done when in fact now we know, including from when we get all of the sleep we need, which unless you have a genetic mutation, it means you can do great on four or five hours -- >> it's a very rare mutation. >> it's very rare. about 1% of the population. the rest of us need somewhere between seven and nine hours to be at peak performance. >> how many hours do you get? >> i get eight. 95% of the time. like in any life, there are things that intervene that make it impossible to get all of the sleep you need but the majority of the time i get eight hours. >> arianna, you recently joined the board of uber and uber announcing that it's in a partnership with walmart and will deliver groceries to people's door. what is your role? how did it all come about? >> it cam
a wig believer in uber, which is the transportation as reliable as running water. and which transforms and, from my point of view, there's nothing more stressful than having to get somewhere and not having the transportation to get there. >> i want to ask you one more question. donald trump when he first announced back in july that he was going to be running, "the huffington post" decided to cover him in the entertainment section. now he's the republican nominee for president. do you regret that decision? >> not at all. we believe that if donald trump, which explains to us putting him in the entertainment section, which is why when he proposed banning 1.6 billion muslims from this country, we moved him from the e
reminding leaders of all of his dangerous positions and now i see our job is to continue informing leaders of what he stands for. voters who vote the way we vote but we need to do our part. >> and if he becomes president? >> we will continue covering him the same way. >> all right. i want to thank you for being here today. >> thank you so much, becky. glad to see you. >> thank you. up next, dreaming of a designer kitchen? tips to keep you from breaking your budget while tearing down those walls. and later, the cost of saying "i pand then want theirt withteeth whiter,ivity i hesitate to recommend anything especially a whitening toothpaste. whitening toothpastes tend to use um abrasive particles, i hesitate to recommend anything, especially a whitening toothpaste. they tend to use abrasive particles but now true white doesn't have that abrasiveness to it. there's an option for these patients and
thanks to rising home values, the amount of money that people expect to spend on renovation reaches $325 billion this year. if you're one of the many looking to do a few upgrades, we have a few tips on what projects to tackle. joining us with more, senior personal finance correspondent sharon epperson. sharon, the homeowners are doing these renovations. >> that's what you want to do. try to make it so that you do something that you need to do perhaps but that you are going to be able to benefit from when you sell that house. one of the things that came out of the
association of realtors is that you want to look for something that is going to really help that deal. >> are we talking bathrooms? kitchens? >> kitchens are number one, best indoor improvement that you can became. >> that's what new buyer's want? >> that's what they want. it costs a lot of money, about $30,000, but you can probably recoup 20 grand of that back. >> so you're not throwing it down the toilet? >> exactly. >> what about the bathrooms? >> they are up there high as well. you're going to be able to recoup that as well. that's something that you want to keep in mind. there's something that you want for yourself. >> carpeting. >> closet renovation. speaking about somebody who has a tiny closet. it doesn't cost that much to do it but the buyer doesn't care about how you've organized your closet, you know? >> exactly. >> what are some ways that you can try to save money if you're getting into a home renovation? >> you want to make sure that you keep the same footprint that
you don't want to move a bunch of the plumbing because that can cost a lot of money. the first thing you should do is to negotiate. make sure you negotiate that price. they are expecting you to haggle a little bit and something you may not realize when you're getting rid of old material, hauling that stuff away can cost a lot of money. see if you can get habitat for humanity to come to you and take those things away for free. >> that's a good point, too. not everybody has a big lump of cash sitting around. how do you finance it? >> by looking at various things that you might already have for your home in terms of the equity in your home. if you can do a cash-out refinancing, you refinance your home and the money that you're able to -- when you refinance it and get extra money, you can then use that for the home improvement. you can take out a home equity line of credit but then some folks don't that have in their home and want to do skome improvements. so a personal loan may work for
careful with this, but you can get the money in your account in 48 to 72 hours and some people who really want it as soon as possible, that's something that they may consider. >> thank you. >> great to see you. >> up next "on the money," a look at the news for the week ahead. and it's one of the most important days of your life. it's probably one of the most expensive days, too. what is end interesti for 2016. e life insurance automobile insurance i spent 20 years active duty they still refer to me as "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy my name is roger zapata and i'm a usaa member for life. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life.
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for more on our show and our guests, go to our website. otm.cnbc.com. here are the stories coming up that may impact your money this week. on monday, we'll see how much consumers spent in may and on tuesday we'll see how much they borrowed when the consumer credit numbers come out for the month of april. the primaries take place in five states as well as the caucus for north dakota. democrats will be watching california since it carries the most delegates. and on thursday, a 24 carat diamond estimated between 26 and $29 million. june is not only the beginning of summer, it's also one of the most popular months to say "i do" according to the wedding marketplace the knot. the average cost of a wedding in 2015 was $32,000. while the costs keep rising, the nu
couples are spending more and more on the guest experience. joining us to talk about the latest wedding trends is kristen maxwell cooper. thanks for being mere. >> thank you for having me. >> people are spending more and inviting fewer people. what gives? >> couples are really looking to have more personalized experiences at their wedding. so that only enhances the guest experience. >> what are we talking about personal experience? >> so they are inviting -- they are looking to have a cigar room, maybe a satellite bar with margaritas if they met on scinc de mayo so it's costing more. >> do you need a wedding planner? >> you know, it always helps. around 26% of couples are having a wedding planner. whether that's the day of coordinator or someone who takes them through the entire wedding process, it's the professionals who are really
you're vision come to light but it's a personal preference. >> is it better to do al a carte or a package? the place that comes with the dinner and with the dance and the rest of it? >> it's about comparing apples to oranges. you know, it's -- definitely a package deal, you pay that price and get it all but al a carte you're able to mix and match and kind of get your -- >> exactly. what are ways that couples can try and save money by putting this together? >> cut the guest list. fewer people, you spend less money. we have other fun tips and tricks. you have a smaller wedding cake, sheet cake, cut that. guests will never know the difference. we have great articles that will help you with different tips and tricks on the knot. >> how about gifts? the gowns. whatever else you're putting together. how can you save money if you're
>> so definitely find out if there is a room block and book the room block because the couple most likely got some sort of deal on the room block. look into going in on a group gift. that's very popular. so if there's a more expensive gift on the registry, go in with some friends. >> christian, thank you for your time today. >> thank you. >> that's it for the show today. i'm becky quick. thank you for joining us. next week, improving your fico score. each week, keep it right here "on the money." have a great week and we will see you
good morning, america. breaking overnight, forced to flee. [ sirens] the raging wildfires in an area that's home to celebs like kylie jenner. >> there's a fire next to my house. am i going to have to evacuate. >> extreme heat creating tinderbox conditions. fast moving and dangerous. thousands told to get out. the race to save homes threatened by those flames. celebrating a legend, muhammad ali's hometown preparing for the champ's good-bye. a grand spectacle planned. the celebrity eulogies and the fellow athletes now paying tribute. >> he paved the way for me. >> the famous faces remembering the greatest inside and outside of the ring. >> ali's death playing into politics. donald