>> we've heard you talk about the history of suicide in your family. >> there's no status quo, just the bottom line. >> but, what about buying shares in a professional athlete? real perspective, consider this on al jazeera america america. >> a brutal week in the stock market and wonder if a bigger pull back is underway. plus monday, power, look at the historically tight relationship between america's bankers and the president of the united states. and one of the largest retailers in the world are paying it's workers to quit. i'm ali velshi, and this is "real money."

>> this is real money. you're the most important part of the show. join our live conversation on twitter, or facebook. another down day in the u.s. stock market has many people nervous about their investments and wondering what to do next. i wanted to bring you informed advice but we ran out of time because of breaking news, kathleen sebelius resigning as secretary of health and human services. so i'll keep my promise and we'll get you expert advice of what you should do now. the tech heavy yes nasdaq followed it's three percent decline today. this is the third straight weekly decline for the nasdaq. the the southbound 500 fell.

here's where we stand in 2014. the dow is down 3.3%. it's only been a few months. the nasdaq is down the most at 4.2%. the fear is some companies other momentum stocks aren't worth the lofty prices to which they have climbed. yes, that's making this feel like 1999. back then there was an even bigger tech sell off. you can understand if history is about to repeat itself. the question is whether this down turn represents a buying opportunity for you. let's ask someone who is paid to answer those questions what he's telling his clients and why he's telling them to wait for a bigger pull back. cofounder of capital management and he joints us from his offices in long, new york, doug,

are you getting panic from your clients over this? >> no, actually no. we're not seeing much panic at all. we're seeing people with the higher tax bill because of capitol gains righte rate and they need money. when you're going to sell to free up money you look at what may made the most money. >> that's what some of these stocks up 100%. however, if you're not selling to pay a tax bill your advice to people is to take advantage of pockets of volatility. what do you mean by that? >> well, you know, you can look and sigh one of the key things that happens is what has gone up the most is what will react most negatively when in thi this thing turns around. bio tech is up more than double. so you're going to have the bio

tech index now more than 20% down. and the nasdaq tow down than the george market. in 2013 the stocks were kind of boring but what's interesting in the last four weeks it's the best performing sector. what happens is you have an odd situation why you have assets over the last month were your worst performer over the last year. that's what you want to look for. you want to look for an opportunity that says i want to be in the market but i'm afraid of bio tech and tech and i miss the opportunity with facebook and tesla, here is another space within stocks that i could consider. or if i want to buy those other tech stocks i have to wait for it to be cheaper before i get in. >> those stocks if you buy in a mutual fund you're looking at

things like exxon, g.e. johnson & johnson, things like that. >> that's exactly right. those stocks are slow and steady, they win the race. they're boring but pay the dividend. if you're properly diversified that's why we're not getting a lot of panic selling, if you have the portfolio hanging in there okay, these high momentum stocks are getting crushed. listen, there are three animals on wall street. bulls make money, bears make money, but pigs get slaughtered. there's nothing wrong with taking some of it off and being off from the all-time high it's not a bad time to do that. >> doug, it's good to see you, as always. doug flynn, you can follow him on twitter . >> you can blame jp morgan chase, reporting profits falling 19% to just 5.3 billion in the

first three months of 2014. suffering weaker you trading and mortgage lending. the stock fell 735% a different story for another big bank, wells fargo. it's profits jumped 14%. wells was hurt by the downtown turn in the mortgage market but benefited from cost cutting. we'll get more on banks this week. a new book by naomi prince detailing the premiership between u.s. presidents and bank executives. it's called "all the president's bankers: the hidden alliance that drive american power." a former manager at goldman sachs. a senior fellow at demos, a left leaning think tank in new york. great to see. >> you its great to see you. it's been awhile. >> we've been following this for

quite awhile, but we take a larger look. you're going back to 100 years ago. to the intricate relationship between banks and presidents of the united states. how is it different? how was it different 50 years ago than it is today? >> 100 years ago jp morgan, whose legacy resides today in jp morgan chase was called by teddy roosevelt to save new york from a big bank panic, sound familiar. jp morgan did was they were going to pull everyone together and we're going to save things. we're going to save our friends. >> and the stock market was not dominated by retail. these were rich people. >> these were rich people, they take care their own, but they are also aligned with teddy roosevelt.

there was a trust from teddy roosevelt to jp morgan to take care of things. that started a whole evolution of what i call the financial era of capitalism. you fast forward to a number of years. you have the world war. a crash in 1929. other bankers and presidents are in place. fdr, rose set is a friend of a big banker running chase at the time. they worked together which a lot of people don't know to passing is called the glass-steagall act which separated risk taking at the banks from the deposits of ordinary people who were running to get their deposits out because the stock market was crashing. >> many people think that was a great act and kept our system, our financial system safe for many years. >> exactly. in the period between the 30s and the 70s you had another world war. you had the cold war, but the relationship which was still quite personal and quite family oriented.

there were blood ties, inter marriages, pr protege, mentorships, but there was an alignment of public interest. you had risk out of the overall system. and you had presidents wanting to expand american power abroad. you had bankers wanting to expand their presence abroad. so they were on the same page. they were able to ask each other for favors. and the favors presidents asked from truman through lbj is you have to be aligned with what we want in the greater good. >> when did that change? >> and that changed right after that really in the 70's. a couple of things when nixon came to power. he didn't have close friendships with bankers. he couldn't ask them for anything. they didn't really like him. a lot of people didn't like him. the other thing was loyalty. the bankers thought we don't have to be aligned with the presidents even though we're friends and even though we hang out, but we have this other source of money.

we can be abroad to the political government where they have asked us to expand. we can go to the middle east, recycle those dollars in lateen america, impose debt on latin america. >> i think you and i walk out into the streets even here in new york and people say the administration and financial system go hand in hand. they're still in bed with each other even though this administration does not seem to love the banking system, and the banking system does not love this president. what does that say today? >> reporter: what is said publicly and what is happening are two very different things. the actions of president obama which has been towards the banking system not to restructure, reform it or call jamie dimon a crook, but for congress to call him into their hearings and ask him for economic advice shows that the relations, trust and alignment over time continues to exist today, and no accountability is

asked in return. no punitive actions. >> as we say many times, nobody has been made to pay for the things that have happened to us. naomi, what a great history and what a great book. thank you for joining us. a senior fellow and author of "all the president's bankers: the hidden alliances that drive american power." next, the organization for economic corporation and development mass the numbers to prove it. the secretary general joins me next. and paying amazon employees to quit. i'll tell you why next.

>> a new development in this general motors recall fiasco showing g.m.'s new ceo was aware

of safety problems in some cars in 2011 before she took the top job at g.m. mary barra testified that she did not become aware to the ignition switch issue linked to 13 deaths until she became ceo. a topic that comes up often, the gap between what the rich make and what the poor make. it's widening around the world. the issue is so pressing that some pretty famous people have sounded the alarm bells. president obama said income equality is the defining challenge of our time. pope francis has come out with a new mannedment for his worldwide flock. thou shall not contribute to inequality . a film was made on this issue called "inequality for all."

and international monetary fund christine la guard told me this week widening income inequality threatens the stability of the world. but way before any of these guys were sounding their warnings before income inequality, the organization of economic and development was alerting of the perils for years. it's based in paris and counts 34 countries as members including the united states, mostly the world's most developed countries are members. it's mission is to improve the economic and social well-being of people around the world. a new report from the organization says the united states has the fourth highest level of income inequality of all members after turkey, chile and mexico. it says income inequality drew in the united states by 12 percent between the mid 1980s to 2010 while all ocd

countries in the same period was just 10%. it's president joins us from washington, d.c. where's attending the imf and world bank spring meetings this week. mr. secretary general thank you for joining us. what is your sense of why the united states is doing worse than some countries given that it is the most prosperous nation in the world. it's a given that as you get more prosperous you should have less income inequality, not more. >> this problem did not start last year, this started a long time ago, and we already had a growing inequality before the crisis. but just to give you an idea of how the crisis has hit us, inequality grew more in the first three years of the crisis than in the 12 years before that. so the crisis because it manifested itself in losses of jobs, massive losses of jobs,

just has made a more dramatic, more obvious, and obviously more painful. >> there is a structural matter, and that is in times like the economic crisis that we have come through where banks aroundd the world in order to stimulate economies said sent interest rates lower and liquid is largely beneficial to those who have the ability to take advantage of it. so the rich get richer in tough times. >> well, the problem is that this is--these differences are mostly derived from the labor market, differences in terms of renewal ration and skills. you're talking about the education system and skills in the united states. it applies to the working people. in the workplace, the training of the workplace, the training

that they will receive over their life-long learning type of training, their vocational training. all of these things are critical in terms of being able to get right the demand and supply of these skills. then what you will get is better remuneration, and you'll get higher productivity, and better wages, and it becomes a circle. what we have is a negative vicious circle. >> clearly the united states has the capability, the universities are the finest in the world. we know our suburb and high school education is amongst the best in the world. we have real problems with our urban inner city public school education. we have the capability, what fixes it? is it a policy mix? a cultural visit? how do we take the ape capability that we have in the

united states and narrow the income wealth gap. >> the program for international student attempt, the united states comes out, comes out in the average whereas the united states spends two to three times more than the average. therefore in terms of bang for your buck you're not getting what you need to get. arnie duncan said that this was a massive wake-up call. he said that he was quoting the president of the united states saying this is a spud nick moment that we need to realize that what is at stake is our future competitiveness and productivity, and future market shares, and therefore the future well-being of the people in the united states. so the implications are high. >> secretary general we appreciate that the ocd has

always been sounding this warning bell for some time. it must be interesting and it's fashionable to talk about income inequality. >> it's not the flavor of the day. a long time ago we started mentioning this, and it's good that so many people are coming on board led by the president of the united states. this is a sobbinger but at the same time a very good leadership. >> thank you, sir, good to see you on the show. we'll see you again soon. >> thank you very much. >> well, if you don't like your job we'll pay you thousands of dollars to quit. that's the message from amazon to its employees. i'll have the details next. and the harsh realities of u.s. i am ma gas station, how some foreigners are risking their lives for the american dream. that's the next. keep it right here. one of the great things about working at al jazeera is the amount of space you have to do

the kind of stories that take a long time to cover. to have the complete editorial freedom to tell these stories and do so with the adequate

>> america's foreign born population reached 40 million people in 2011. that's 13% of the total population, but 11 million of those 40 million people are believed to be undocumented. now we have all heard harrowing stories of immigrants who risked their lives at a shot for a better life in america. it's quite another thing to experience it firsthand. that's what sets a new original series here on al jazeera america apart from all the rest. in "borderland" average americans are confronted with the realities of illegal immigration to this country as

they retrace the footsteps of border runners who took that risk and paid for it with their lives. here's a preview. >> since the mid 80's, spending on border enforcement has risen from $700 million to $10 million today. the number of border agents went from 3,000 to 20,000. almost a third of the two thousand mile border has now been fortified. >> the plan very simply put was to recruit the illegal traffic and crossing on this southwest border from the populated areas to the non-populated areas. the tucson sector is part of that non-populated area. so they have detoured this illegal activity into our backyard. they have put this defend up directly behind me which runs 40, 50 miles. >> if you look to my left where the shadow ends as it goes up to

the mountain. that's where the fence ends. >> the fence just ends. >> yes. >> there is a certain absurdity to having it this way where you simply end it. if you're going to do it, do it all the way. >> from there you have a fence where anyone here can climb just over it. it's very simple. >> well, al jazeera america will be exploring this issue in-depth in this unique new original series. "board lapd" airs right here on al jazeera america. don't miss it. it's really worth it to understand this issue better. fee next, arizona, is one of the epicenters of the immigration debate in america. immigration from mexico is front and center given that it shares the border with the country, i discussed this issue with ken morris, the president of the cross border group in san diego. ken's firm has a mexican

subsidiary nearby in tijuana . he estimates that jobs are directly related to trade between the united states and mexico, i asked about the impact on the u.s. economy. >> every year you have 100 million legal mexican residing, they cross the border, they come to the united states. they visit our stores. they go to our movie theaters. they buy products and then they go back into mexico. in that economic side of the coin is usually overlooked, which gets lost in illegal immigration and narcotic trafficking. >> when you talk about thi in ts is what resounds, they get this impression that america is an ain't immigrant place. but when it comes to the u.s. trade between the united states and mexico, does the same thing

happen in arizona, the vitriolic vitriolic of what we hear here. >> one of the things that we saw on the mexico side of the border during the whole discussion about sb 1070 was a dissonance between the mexico side of the border, what they thought, wait a second, we do trade with these people. we work with these people. we send them products. they send us products. we spend money in their economies, where do they seem to hate us? there was a misunderstanding on the mexican side and lack of thought put out on the u.s. side when all the discussion focused only on the negative. but the reality is that even between arizona and it's neighboring state of is a nora trade increased from 1 2010 to to 2013 from $3.4 billion to up over $5 billion in just over a few years. that means jobs created on both sides of the border. >> i had a conversation with

dennis hoffman who said some of those workers, the hostility in arizona caused them to go to texas, and texas has been fairly welcoming to them. >> a lot of them actually went back to mexico. some of them went to texas, probably some of them went to other places. but that's a small part of the overall economy and a small part between the linkage between mexico and arizona and mexico and the southern border states. it's not just about immigration. it's about trade and it's also about having good by, bi-national economies that have the infrastructure needed for border crossing northbound and southbound. >> national investment goes into infrastructure and business, and foreign direct investment. are we still seeing that on the mexico-u.s. border in a fashion that we have seen for decades on

the u.s.-canadian border, for instance. >> i think what's happening at this point is a lot of focus went into the border states on the mexican side of the border. but what is happening in mexico is you've got a better quality of skilled workforce in central mexico that's been increasing their skills. you also have better infrastructure for goods to get from those locations to the rest of the united states and into canada. foreign direct investment into mexico is actually now about half and half split between the mexico-border states and mexico. that will be the trend as infrastructures develop in mexico and as economies become more prosperous in central mexico. companies won't only look at the border states. and it could hurt some of the border communities on the u.s. side. >> all right, finally if you don't like your job maybe you should quit especially if you work at amazon. amazon this week revealed it

offers cash to employees to quit. not what you might expect from a company's hr office. amazon explains it this way. once a year it makes an offer to workers to leave if they're unhappy. the amount increases each year until the maximum of $5,000 after four years. you get paid $5,000 to leave. it comes with the headline, please don't take this offer. it is not new. amazon takes the lead of zappos. zappos claims fewer 2% of its employees take the offer. amazon wants to encourage workers to think about what they really want. it's an interesting concept that >> aljazeera america presents a break through television event borderland... six strangers... >> let's just send them back to mexico >> experience illegal immigration up close and personal. >> it's overwhelming to see this many people that have perished.

>> lost lives are re-lived... >> all of these people shouldn't be dead. >> will there differences bring them together, or tear them apart. >> the only way to find out is to see it yourselves. >> which side of the fence are you on? borderland only on al jazeera america >> as us forces prepare to pull out of afghanistan after twelve long years, al jazeera's fault lines travelled there. >> the taliban fighters, they're running towards the base now. they're trying to raid the base.