tv Your Money CNN December 21, 2013 6:30am-7:01am PST
we will see you back here at the top of the hour. >> on an all new "your money," christine romans shows you how easy it is for hackers to get a hand on your credit card number especially with all that happened at target. your money starts now. it's not just santa who knows whether you have been naughty or nice, nsa and google and credit card hackers. i'm christine romans. the rollout of healthcare.gov is a fiasco, but this week a federal judge ruled the nsa's bulk collection of phone records is unconstitutional. is the program essential to security or abuse of power? let's look at this from the perspective of the nsa director.
general keith alexander says the nsa intelligence program has prevented 54 terror attacks. now put on your google glasses. google says the company has overstepped. the nsa is tapping into links connected to the company's data centers giving the government access to users information. the nsa denying those claims. tech companies are worried this could damage businesses. cloud computing companies could lose a quarter of their businesses. companies have filed against nsa. this week, they took the case to the white house. we have john with us and shivane
mcdermott with us as well. she says people should be afraid of google spying on them and not the government. this brings us to the meeting this week and the tech executives at the white house. they know too much about you. i'm talking about the tech companies and the white house. why should we be afraid of google? >> they see everything you search for. they see everything you are looking at and people share a lot of information online. they are not aware of the fact information isn't just disappearing after they look for something. >> this is how edward snowden puts it. let's listen to this. >> you are being watched and recorded. the storage capability of the systems increases every year consistently by orders of magnitude to where it is getting to the point you don't have to have done anything wrong. you have to eventually fall under suspicion from somebody. >> they noted how rich it is you have some of the big tech
companies telling the white house they don't like their methods. tech companies know a lot about you. >> that is true. if you look at social media networks, they know more about you. you are sharing more information there. you are putting pictures of your kids up. they know where you live. where you are checking in on social media sites. i'm at home or not at home. all of these things open you up to privacy issues. >> john, the problems with healthcare.gov and the nsa, this has a gap for the president. 53% of the americans say the president is not honest or trust worthy. can he regain the public's trust? >> he can. you see the downward trend. it is because of the claim of the re-election campaign. if you like your health care, you can keep it. that wasn't true. that hurts it. this president has gotten high marks on that measure. the larger dynamic is a trap the president is caught in. it is a trap that eisenhower
began with the military industrial complex. we have seen a national security state that is unaccountable to the commander in chief. that is one of the major challenges of the second term. can he dial that back? can he rein that in? >> let's go back to the big tech companies. facebook needs users. the public is the product, not the consumer. it is our information that they are dealing with. what damage does it risk to the companies reputation as a result of these growing privacy concerns? >> i think in my opinion, one of the things that is difficult to look at is the actual sheer amount of data collected on people. all of this can be taken out of context. when you look at national surveillance, there is context. they are looking for a threat as opposed to somebody collecting information about a data.
i may be searching for a conference on child exploitation. those are in an my google searc. what kind of person am i and could they need to look at me in detail. that is important to the difference between the government watching what you are doing and tech companies. >> everyone is watching. so much information, it is insane. >> you have two motives. the profit motive and the national security motive. is technology outpacing our laws? until that accountability comes in, that gray area will be exploited. >> that is what the tech companies said to the president. they want rules of their own. we have an archaic system. nice to see you. thank you. coming up, if you are not a target shopper or worried about the 40 million customers who fear their information was st e
stol stolen, you should be. we will show you how easy it is to get your information. >> i have information on the magnetic stripe device. i can get this and create a whole different card. that way with health care.n't uk but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. but with less energy, moodiness, and a low sex drive,y first. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low t treatment that can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women especially those who are or who may become pregnant
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university of phoenix can help connect you to a world of opportunity. let's get to work. hall we do is go out to dinner.? that's it? i mean, he picks up the tab every time, which is great...what? he's using you. he probably has a citi thankyou card and gets 2x the points at restaurants. so he's just racking up points with me. some people... ugh! no, i've got it. the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual fee.to apply, go to citi.com/thankyoucards
it's not the news target was hoping we would report this holiday season if you shopped at target between november 27th and december 15th, your information may have been stolen. hackers hit the card readers you use at checkout. how could this have happened and what information can hackers steal from the magnetic strip on your credit cards? we have laurie segall here with answers. >> we want the to take the inside look and see the information the hackers could get if you are unlucky. check out it out. if you have done holiday
shopping at target, you may be wondering what a hacker could learn from you from your credit card. when you swipe, this is what a hacker could learn from the data on the magnetic strip. your name, credit card number, the expiration date and the cvv code on the back. >> all of this key data can be used to falsify the card and fraudulently use it online. they can access that by the strip. >> reporter: in the case of the target hack, that data may be enough to make a counterfeit card. one security researcher showed us a different credit card hack explains. to the employee, everything looks normal. >> i have to log in. i could make a selection here. then i can do a credit card swipe. it will ask for the cvv. i can put in a cvv. whatever numbers i want. then click pay. nothing seems untoward.
>> reporter: for the customer, standard. >> you pay, you get your receipt. you move on. >> reporter: for the hacker. >> i have the information on the magnetic stripe device. i can get all of this and information to create a whole different card. >> reporter: the hacker is saying the u.s. is behind the times in secure payments. >> one secure solution in europe right now is the chip and pin system. the card doesn't actually have a strip, but a chip in it. you have to use that and a pin. >> reporter: credit card fraud in england plummeted 34% after the merchants and banks implemented the chip and pin. this holiday season, millions of american shoppers might have been the target. >> you know, the silver lining is the discuss about what kind of technology can we invest in to ensure this doesn't happen
again. the security researcher we spoke to in the piece said retailers have faulty software. >> you are bummed. you do what the retailer wants you to do. you spend. they can't keep a hold of your data. laurie segall, thank you. glaxosmithkline will no longer pay doctors. vitamins are no longer necessary. the vitamin industry rakes in $12 billion every year. revenge of nerds. people who were attractive in high school end up making more money later. an 8% bump for good-looking
women and 4% more for men. target is shunning queen b. the retailer will not sell the album. it was available digitally first. target says that hurt sales. "forbes" named duane johnson the top grossing actor. coming up, this economy is taking flight, but could groundhog day in washington crush the recovery? i'll go one-on-one with the republican senator who says if democrats want to talk debt ceiling, they better be prepared to bargain over obamacare. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit, and zero first month's payment on any new 2014 volkswagen.
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fact. the economy is getting better in this country. stock market records and housing recovery for those with cash and credit. the economy grew more than 4% in the fourth quarter. this recovery is benefitting the top 1% of households. in the past three years, they have taken home 95% of the income gains. what does that say about where the country is headed? senator ron johnson is with me now. so nice to see you. let's start with the economy. it is taking flight. no one wants to see the government ground the plane, but here comes groundhog day. the government wants concessions for raising the debt ceiling. the treasury secretary jack lew can't foresee any reasonable scenario in paying all the bills
past march. senator, how does this end? >> hello, christine. let's talk about what we just did. we have, i believe, avoided government shutdowns at least through fiscal year 2015. that is a good thing. try to bring certainty to the economy. try to give the agencies and departments and committees in congress the opportunity to rationally prioritize spending. we need to continue to grow and create jobs. when it comes to the debt ceiling or another way, when the president comes to congress to ask for the authority to increase the debt ceiling on our children and grandchildren, we need reforms to enact that. what i would like to do, i would like to look at the health care law and look at the democratic colleagues listening to the pleas of americans begging for relief that are unbelieving in terms of how harmful that -- that's what i would like to do.
>> are you going to tie the health care law to raising the debt ceiling? >> that is what i would like to do. i don't know what kind of fiscal reform. you have to do something. the american people expect us to do something. if we increase the debt burden on kids and grand kids, we have to reform to make social security and medicare solvent to stop the bankrupt nation. >> you talk about the relief from the health care law, but you have people crying for relief for more time on unemployment benefits. the budget bill doesn't extend the unemployment. 1.3 million americans will lose those benefits at the end of the month. when you look at the economic data, for people newly unemployed, things with getting better. for people out of work six months or longer. it is the same story.
would you support putting more money into jobless benefits here? if you are talking about crying for relief from the unemployment, what about the long term? >> you know the 29ers. this health care law is doing a great deal of harm to job creation, but anybody that wants to increase or renew unemployment benefits, you've got to first say, well, what is the lower priority spending item that you're going to, you know, take off the table? what areas of the budget are you going to cut to make room for what you consider higher priority item? that's the first table stakes. don't come and request more government spending without showing us how you're going to reduce the deficit in other areas. >> a lot of prioritizing to go. we talk about one america but two economies. anger over income inequality.
anger over the lack of a living wage. listen to bill maher, and we'll speak on the other side. >> when working people can't make a living wage, they take from the welfare that conservatives hate, but they never stop to think, if we raise the minimum wage and force mcdonald's and walmart to pay their employees enough to eat, we, the taxpayers, wouldn't have to pick up the slack. [ cheers and applause ] >> i've got to ask you, does bill have a point? >> no, when you raise the minimum wage, you remove those entry level positions, you create more unemployment. and that's not a good thing. what you need to do is you need to actually make the manufacturing base of this country more robust. how do you do that? you make america an attractive place for business investment, business expansion, job creation. we have an onerous regulatory environment in this country. obama care is part of that. we have uncompetitive tax rates.
if you're a german manufacturer, manufacturer for one of the largest economies in the world, are you going to site your plant in toronto at 15%, or detroit at 35%? it's not rocket science in terms of what we have to do to make america an attractive place for job creation. we're just not doing it in this totally dysfunctional place called the federal government. >> at least we have the frameworks of a budget deal for the next couple of years. it's a nice starting point. >> it's a small little step. have a merry yis mass. >> you, too. thank you so much. coming up, who is the favorite cnn anchor? no, he doesn't work for cnn, but he's probably your favorite, maybe second favorite. the business of being will farrell, next. plus, winning the lottery without buying a ticket. an incredible moment. so how much money does it take to elicit this reaction? >> oh, my gosh! oh, my -- i never -- [ male announcer ] when your favorite food starts a fight, fight back fast with tums. heartburn relief that neutralizes acid on contact
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this just might be the most valuable mustache around. you might not be aware, but "anchorman 2: the legend continues" is out this weekend. it hasn't been heavily marketed or advertised, so you're excused for not knowing. seriously, the man behind the mustache is everywhere. he's everywhere. look at the business of being a comedy god. ron burgundy is back. >> we haven't seen you in a while, america. >> from the tv cabinet to the liquor cabinet, the business of being will farrell is -- >> it's just refreshing! >> reporter: during seven seasons on "saturday night live," he earned laughs. known for his impressions, from george w. bush -- >> strategery. [ laughter ] >> reporter: -- to janet reno, to saddam hussein. >> monica, you never call me
anymore. [ laughter ] >> reporter: in his last season, he reportedly became the highest paid cast member. his salary $350,000. >> we're going streaking! >> reporter: before long, he went old school. >> yes. >> reporter: the movie was a hit, box office take $87 million worldwide. >> it's so good. >> reporter: this funny man became a leading man. there was "elf." >> santa! oh, my gosh! >> reporter: anchorman," "talladega night,s," "blades of glory," "stepbrothers," the animated hit "mega mind." and the "campaign." they haven't all been hits, and he was once named the most overpaid actor by "forbes."
but tally it all up, movies will farrell has starred in have grossed almost $2 billion. >> massive amounts of money. >> reporter: and that's before "anchorman 2." >> why can't the news be fun? >> reporter: ron burgundy does product placement very well. dodge commercials helped push durango sales up almost 60% in october. >> it makes you feel pretty dumb. >> reporter: the fictional character has inspired a line of underwear, scotch, and an ice cream flavor. >> i love scotch. scotchy, scotch, scotch. >> reporter: and farrell can also sell beer, apparently based on this ad for old milwaukee that went viral. farrell has also taken his talents to broadway with a one-man show "you're welcome, america," a final night with george w. bush. and he co-founded funnier guy. don't worry. the business of being will farrell leaves very little to cry about. wow. and that funnier website is no
joke. it has backers in silicon valley, lots of advertisers and partnerships with big media companies. not bad for -- not bad outlet for all of will farrell's very funny videos. only guy i know that's got vc backing. it's not a movie but a hollywood backing. yun sun li figured she'd be paid $25,000 for selling a winning ticket, but martin savidge deliver her a shock. >> $25,000. >> let me tell you, it's a lot more than $25,000. it's about $1 million that you get. >> i do? oh, my gosh. oh, my -- i never have that much money. >> good for her. what a stroke of luck. thanks for starting "saturday smart" with us. i'll be right back at 2:00 p.m.
eastern. up next, "cnn newsroom," a critical plumbing problem on the international space station. a broken valve knocking out one of the station's cooling systems. astronauts taking the first of three daring space walks to fix it. "cnn newsroom" starts right now. oh, the weather outside is frightful, and the travel -- eh, not so delightful. nearly 95 million people are getting out of town for the holidays, expect severe icing, powerful thunderstorms, and flight delays with your holiday cheer. >> since i'm in charge, obviously, we screwed it up. >> president obama talking about his health care rollout and what he calls his biggest mistake of 2013. according to cnn's new poll numbern