quiet market. we will see what happens into the close. >> gotten spoiled by only rising mark nets recent weeks, sue. >> yes, we have. >> that will do it for this edition of "power lunch." >> street sin >> street signs begins right now. have a great afternoon. welcome to street since, i am brian sullivan. apple close to 700. yeah, that may sound pricey but we are going to show you why apple may still be a bargain buy. if you're worried about your retirement, please, sit down. new guidelines might just send you over the edge. we will tell you exactly how much money you need to have to retire. the down and dirty truth about america's jobs crisis. the dirty jobs guy himself, mike rowe is here, he will tell you why it is time for all of us to get our hands filthy. and zombies r us, the

one-stop-shop for all your zombie needs. mandy will be back tomorrow. get jackie deangeles for your market headlines. >> markets slightly lower at this house, uncertainty over europe and lower profit forecast from fedex impacting momentum today. doubt teetering between positive and negative territory. keep in mind it has closed lower only three times this month. mean time, the s & p lower, retreating from the 4 1/2-year high it reached just last friday of last week and the nasdaq trading in a tight ten-point range today while apple trading just under $700 a share after hitting an intraday all-time high of 701.44. its market cap now more than $650 billion. >> big numbers. thanks so much, jackie. don't be fooled by that 700 number. apple could still be a bargain or maybe priced to perfection. we tasked our very own mr. herb greenberg with the apple valuation chal leg. he claims he is up for it.

here we go. >> here we go brian. after scrubbing the number also using analytics insight, after all the growth, apple is not valued higher, trading at 16.4 times its trailing earnings, barely above its peers, the market itself, around half its 2007 high. that's on the pe, lower on a going forward base circumstance suggesting you the market does not expect a toll grow faster than its peers. yet, it's knocking the cover off the ball in terms of reform with a return on equity as measured by analytics insight of 44.3%. that's nearly double its peer group. about the only sign that apple is expensivexpensive, its price ratio, 5.8, well above its peers but ibm has sustained a price-to-book at a premium of

60% peers for four years. all this means, is it possible, just possible, that apple still has a way to go? >> we are going to find that out right now you that is the question, america. at this price, is apple worth your money? let us bring in the founder and ceo of stock picker.com, james alton jer and with us is james burn numb, chairman of the burnham financial group and holds 25,000 shares of apple in the burnham fund. all right, james, first to you. on a trailing you basis i amle is trading at a five point discount to google s it underor overvalued? >> i think undervalued here. could easily find its way to 1,000. we have the ipad mini coming out. eventually, the iphone 6 out. iphone 5 will sell 50 million units. apple is the number one a laptop in the world for the first time in forever.

>> james said he thought it was highly probable or likely that apple will hit $1,000 a share. in singapore a few months aug, steve wozny yak said the same thing. >> i was here, on this same thing. it can sell at $1,000 a share. it k will it? >> i don't know when. a couple years or sooner. this company is growing so incredibly fast, it's hard for me to believe that it's priced where it's selling. it makes no sense. >> i will take the other side of that sort of herb's point, john, look at trailing pe, 16.4 we look at forward priced earning according to thompson, apple trading under 16. why doesn't it get more valuation love? >> i think mainly because it's

selling at such a high price in terms of dollars. if it was sell agent 70, easy for it to move. i think people just don't -- maybe they don't believe the story, company does seem to get in trouble eventually. i think that apple right now, as good a buy as it was 3, 400 points ago. >> i think there are some headwinds though. the kindle fire that's coming out on november 20th actually is, feature for feature, a better tablet than the ipad. that could be a headwind going into q 1 of next year. that said you apple simply cheap based on cash flow. >> james, do you agree with john, to john's point that maybe that $700 figure, while cheap i guess on a relative basis, scares people off simply because it is a $700 figure? should we have a 10:1 apple stock split? just chiming in with no.

>> i don't think there should be a stock split, ultimately, stock's price does not matter but i think people -- retail is afraid of a big number. just like people don't want to go out and spend $120,000 for berkshire hathaway stock. don't want to spend $700 for apple stock. they think it's ex-spens sive. there are these head winds, kindle fire on the horizon. apple is dirt cheap and keep going. >> i know i'm throwing a curve, amazon.com is trading at 334 times forward earnings, ebay in a way trying to mod itself after amazon, trading at a scant 21 times forward earnings. james, one of those, to me, has got to be mispriced. >> yes, i think ebay to the upside is misbrides. because i tell you, what does ebay have going for it?

amazon is about to release the best tablet on the market. they have their cloud service, completely wing. amazon destroying the entire book industry, the last man standing. what else does ebay -- >> paypal? paypal? right? herb? john burnham, do you own amazon and/or ebay? >> we own both. >> i'm sorry to throw a curve ball here. the valuation thing, i can't swear in my head. why do they deserve such different valuations? >> i think apple is incredibly cheap compared to amazon. the reason amazon is selling at such a high price is that this is a tremendous growth company. the management of amazon doesn't really care for -- they don't worry about quarterly earnings and things like that but a good chance that because of the cloud situation, the cloud product that they have that they could be doing double what they're doing, the whole company down

the road. >> john, do you think that the kindle will steal share from the ipad or is there room for both to succeed, everybody to win? >> i think there's room for both. it is not the kind that will is the most exciting part about apple it is the cloud. >> they continue to reduce prices in the cloud. they don't care, like you said about quarterly numbers. as long as they got to wall street and said we don't care, then they can come in and constantly miss or constantly have lower margins than people expect. is that really -- how long can they continue to have that model where they say long term -- >> let me see here, herb, been about, what, a decade? >> an expensive stock. but apple, to get back to apple, i think that the stock san excellent buy. they are going to have unbelievably big first quarter, which is fourth quarter, most companies and i think they will exceed the yearnings that they see last year by an significant amount, $13 and something.

>> the cult of apple here. james, you expressed a little concern about maybe the kindle. can somebody give me a real reason to be worried about apple? got to be something out there that adds risk to the stock. >> yes, going into christmas, the kindle fire, the new one being leased november 20th, is just going to blow away all the orders it is a better tablet than the ipad. now the ipad mini has attractive features but feature for feature, go down every feature if you want, the new kindle fire is better than the new ipad. and that won't stop the ipad from selling tens of millions of versions of itself but the kindle fire will take away market share. >> even though the price is not priced for perfection, so to speak, i would argue any operational uncertainty in this company will get whacked like a company that is priced -- >> last word, john, biggest worry about am, if you have one at all? >> the short term, i think it's possible this quarter in september, 30th quarter, fourth

quarter could be disappointing. i have been in stores and it is not as crowded as before. it could be disappointing you. the biggest place in this company is the first quarter coming up. i don't think there will be any disappointment there. there is a risk the phone might not be received as well as everybody thinks. that there is a risk. i don't think it will happen. >> anecdotely, went into best buy to buy a new apple, mine is five years old, it is sold out. thank you, james alter chur. a sign of the time/market flash from seema mode ditch. >> want to listen to this a new study published today says if obesity rates continue to run on their current trang jokers to, by 2030, all 50 states do have

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home build other confidence the highest in six years, with drops today, many home builder stocks doubled the past 12 months. maybe diana olick can help explain today's drop and whether these incredible gains for the past year can continue. diana? >> you know, brian, i think this maybe little bit of profit taking or the fact that we have a lot of data out tomorrow, housing starts and existing home sales and the mortgage application. home builders are clearly on a tear. a jump on new orders is pushing sentiment to, as you said, the highest level in six years. the national home builders sentiment index up to 40

compared to 14 a year ago. 50 is the line between positive and negative, wither getting closer to t components of the index are up, sales expectations jumped 8 points, catapult it had into positive territory at 51678 the one caveat the builders had in their report today was tight credit. now, from nahb chairman barry routen berg, unnecessary tight credit conditions are preventing many builders from putting crews back to work which would create needed jobs and discouraging consumers from purchasing -- pursuing new home purchase this is precisely why some are saying the fed's policy action next week, buying up to $40 billion a month worth of agency mortgage-backed secures is not the golden ticket to a more robust recovery. mortgage rates haven't moved much since thursday, the 30-year fixed record lows near 3.25%. economist chris wailen argues the fed's move is a gift to fannie, freddie, the banks and

hedge funds, many can't qualify for the rate so the entire move will go into profit margins. banks are not passing on the low rights to borrowers. >> thank you very much. as diana noted, interest rates are low, if you can get a loan. credit remains tight. so, will it take a return to normal credit to bring us back to a normal in the housing market? let us ask the chief economist and head of analytics. any indication that credit standards are easing up at all? >> credit standards are pretty tight. the other thing that borrowers are and would-be homeowners face is saving for a down payment, after this recession, so many people out of work or have been

forced to work part time, people have a challenge now saving for a down payment, that is the biggest obstacle that renters who want to buy face today. >> a great point. we know that five or six years ago, for good or maybe bad, could you buy a home with 5% down. can you do that today? >> some people can. but if you want to put 20% down for a down payment, it takes years of savings on average local wages in order to save enough for a down payment, most markets across the country. >> so when do you think we will get -- so hesitant to use the word normal because that is so sort of subjective in the time period, jed. when do you think we will get back to four or five years ago with the housing market? >> even four or five years ago, that wasn't a normal time for the housing market. >> i don't meant bubble. i shouldn't have said that prebubble, i suppose, it was healthy, it was vibrant but wasn't let me buy $1 million house with an $80,000 income. >> exactly. the pace we are going now the pace the recovery has been proceeding, it looks still several years away before we

will get took that historical normal that we had before the bubble, when we think about where construction levels were, seams levels were and the historically very low delinquency and foreclosure rate that is likely to be 2016. right now you wary third of the way back to normal from the worst point of the bust. and so thats asometime about four years away. >> odd great piece yesterday on mcmahonss. now many consider the giant home a purely american phenomena but let let us collectively off the hook. this is not just americans buying up these huge homes. we looked at people searching trial ya for homes online, people from foreign countries were more likely to be looking at some of the mcmahonss than americans r in fact, people from the netherlands looking for homes on our site looked at the largest homes, on average, 2400 square feet, much bigger than the 1854 square feet that the typical american was looking at

it is europeans, particularly northern europeans, looking at some of the big biggest houses online, folks from argentina and his real are looking for some of the smallest u points in our site. >> perhaps it makes sense. new studies show the dutch are indeed, the tallest people in the world. sect connected? of course not. i want to throw the stat out. jed, thanks very much. >> thanks, brian. on deck, the scary numbers about how much you may really need to retire. i want to you think second career. and where do you stand in your retirement savings now you ahead of the game, on target, way behind? take our poll at street since.cnbc.com. plus, why this run down house whose haas the my dash touch. you won't believe this story about what was found in that homecoming up. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety.

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[ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ well, this house may not look like much on the outside but it is worth millions, the stuff inside is any watch the owner died earlier this year and known as something of a reck include and when he died, he only had $200 in a bank account. but, he also stockpiled a bunch of gold and gold coins. and we do mean a bunch. with gold now trading around $1770 an ounce this gentleman

actually passed away with about $7 million worth of gold tucked away inside that modest home. it goes to show, folks do not judge a home or a homeowner by his or her cover. well, if you don't have a hoard of gold stashed away in your home, how much do you need to start saving to retire comfort tab. >> fidelity investments out with new guidelines, based on age benchmarks. they say this, by the time you're 35, you should have at least one full year's salary saved up. by 45, three times your annual average salary. by 55, five times and by the age of 67, fidelity says you should have eight times your yearly income saved for retirement. but are these targets too aggressive? they seem t is anybody even close to hitting them? bring in genie thompson, vice president of market insights at fidelity, helped craft these goals. i, for one, genie, this weekend, going to start a lawn mowing business i'm nowhere near being close to this. are these targets too

aggressive? >> good afternoon, kevin. we believe these targets are achievable, the reason we set the target buys age are to make them achievable, tell someone by 35 they have to save a half million can be overwhelming. breaking it down, 35, save one time yours income, making $40,000, $40,000 would be your target, a bit more achievable, and easy math calculation for folks to do sometimes people get overwhelmed by the large numbers this breaks it down and makes it simpler. >> when i say eight times income at 67. incomes tend to do this generally, like a bell curve, peak around 50 years old, perhaps 55. go down, what time of income are we talking about, peak earnings? >> yeah, talking about the income that you have when you retire. you retire at 67, making $seven

times that it would be $567,000. we believe people need 85% of their preretirement income, knowing people saved 10 to 15%. back out the savings, left with 85%. >> one of the things i think the concern when people hear these numbers are not just that you can retire but retire at the life sometime you're accustomed to. does this mean i can retire at the lifestyle i'm accustomed to, still have to take a care cut? >> this allows you to retire on expenses you are living on today, current lifestyle, living on 85% of your income, you head into retirement you should still be able to live on that if you have different goals or desires for your retirement, do more travel, play more govlgs you may need more. the eight times income is just a

gauge or a rough benchmark, a rule of thumb, full, for people to -- >> do you guys have a hunch, people who are sort of older, say over 50 are less likely to meet that target than people perhaps in their 20s or 30s and start saving according to that metric? >> different challenges for younger versus older. many have a many don't have access to a defined benefit plan. for them, critical to begin saving early and often. >> we asked our view officers they are on pace, based on your new guidelines. i was shocked this is the cnbc audience, learn a lot by watching shows like "street since," 42% said ahead of the game, 33% on target, 25% way behind. are you surprised by these

figures. we record keep for 401(k) participants, they are saving 8%, you combine that with a company match of 3% that is well over the 10% benchmark. the numbers, while many may be surprised, from what we see in our data is not surprising. genie -- >> over the last -- >> we got to leave it there i do appreciate your time. thanks for coming on. i'm hoping that you and/or herb here will hire me for the lawn care service, i am way behind. thank you. >> thank you. >> do they have lawns at dell boca vista? >> they and do we can partner in that venture. >> are you on target? is that too personal? >> a bit behind target but stale working guy and i expect to be well above target by the time i retire. >> herb thank you very much. a market flash now from seema -- are you ahead or behind? >> always ahead.

take a look at tech for a second, brian, moving into it lower at this point you after ceo brad smith, during investor day said 2012 hasn't been the best year. the company also wasn't able to attract new customers, the statements are weighing on the stock now, down. 6. >> always ahead mody. can marriage with microsoft save r.i.m. or blackberry's sinking ship drag down mr. softy with it? carly rae jepsen likely won't pay taxes on her new album in america because she is canadian but coming up, we are breaking down who is footing america's bills. so we go to break to you with this question, what is the average net effective federal income tax rate, ie, postdeduction, for the median income household?

time for street talk, herb here now. begin by talking about f 5 networks. the stock up over 6% today on news that cisco may stop developing new types of prod doubles basically that would compete with the piper jaffray issuing the ratinging on the stock, they have got $130 price target on this name. >> look where it was. $130 back in may before it femme starting may 3rd, going all the way down to 90, lower than that. so it's actually coming back up, big call by piper, go back to where it was. >> see if they hold true, stick it to them. bed bath & beyond, bbby, they got a downgrade, price target increase in today's session. you got oppenheimer cutting a

stock to a perform from outperform, ubs raising the price target to 72 from 66, but as a neutral rating on the stock, a little duelling analysts. >> did you see jim cramer on this one this morning? he was taking pictures at bed bath & beyond, he wanted to take pictures, they wanted to toss him out of the store. >> note to all retail stores, if you see this guy or cramer in your ayes, ma'ams, don't throw them out. not a good thing. >> i do take pictures in these stores, i like to know what's going on. >> on the ground research. it seems that microsoft can't dog do anything right lately, came out and warned that their browser has a bug that makes a pc folksily vulnerable to hackers, affects hundreds of millions of users, microsoft urging people to download free security software. still, i will throw this out you

microsoft is up 19% year-to-date. >> the good news is that nobody uses internet explorer anymore. >> oh. ouch. >> i only use it when i have to go to it because something will not work on chrome or fire fox. >> there is microsoft's problem in a nut shell. shares of your favorite company, r.i.m., spiking after it signs a licensing deal with microsoft. going to give r.i.m. access to a certain type of technology, which is becoming a standard, blah, blah, blah, blah, blah. your thoughts on this deal? >> what's most amazing about this story is the moral of the story, that is the stock started rising when the headlines hit saying there was a microsoft/r.i.m. deal, want to look at it, say middle of the deal, microsoft and r.i.m. in bed. this was r.i.m. doing a patent deal with microsoft using microsoft's pat terngt not the other way around, the stock, after people started to read the release, started to come in a

little bit. >> this is not get nothing bed, this is a peck on the cheek a couple years ago, might have been a little. >> david einhorn has shorted the stock this is what bothers me, if i'm short lieu liululemon, a have to do is message, i hear iron horn is short lululemon. >> "the wall street journal" talked, the stock getting even horned. some point, he is going to be correct. >> you are one of einhorn's guys, you are not float rumor.

um you will be fired. >> it is not about the rumor. this is a market, as tim raimi said today in the "wall street journal," he and i disagree, the market is so shall low, waow. seema mody right now. >> just got the one right here, off-road vehiclemakers poll lair ries and arctic cat giving back most of last weeks gapes spurred on by the recent introduction of the brp subsidiary can am's recreational two-person side by side vehicle. that was one nice sentence. polaris and arctic down substantially, players down 5%. >> you know, this is interesting, a stock which mentioned yesterday, polaris was the stock we mentioned yesterday. mentioned it because it was on a screen, not because i think there is anything inherently wrong with polaris, as stocks get ahead of themselves, they

can come in on a little bit of news. >> i will personally drive and test all of those raisers and atvs if they need me, happy to do t i will shake them down. it is only tuesday, oil has had a wild week a look at the final trades in new york, go to sharon epperson who joins us from the nymex. >> oil prices down $1, the wti mark and the brent crude mark and we are seeing near lows of the session here at the close. keep in mind that the slide that we have seen, a lot of traders are still pointing to the fact likely a long liquidation play that really sent prices falling you and there's been no confirmation of any of those rumors that we heard yesterday about an spr release, waiting for fundamental data from the energy department and american petroleum regarding supplies and weekly supply data is ex-spented to show another increase and an increase of about 2.5 million barrels. that is something that maybe weighing on prices as well.

nat gas is down more than 3% on this session. back to you. >> all right, sharon, thank you very much. meantime, ford stock just about breaked even year-to-date and their ceo, another first on cnb, addressing that in a wide-ranging interview today. phil la superbowl live in new york city where earlier today, ford showed off a car that is going to be, phil, correct, extremely important to that company, the 2013 ford fusion. >> is huge. no doubt about it the fusion has been a big part of ford's come back the last four years, brian. they believe this redesigned modlogical help them gape more market share away from toyota and honda. today, when they unveiled, really launched the fusion in times square, it was al mulally doing it along with ryan seacrest r the focus they can wanted it to be on the car. most was focused on al mulally's tenure and how much longer he will stay a ceo at ford. we are reporting, as have other

outlet's the last couple of weeks, a succession plan by the ford board and brought up this question during a "power lunch" interview and said, listen, if there's plan for you to be replaced at some point, why not come out and tell insbrers it, here is what he had to say. >> i don't think there's any reason to do that now, i am absolutely dmoitd serve at ford and i serve at the pleasure of the board and i love the way ford's going, i'm very honored to continue to serve at ford. >> al mull lally is not going anywhere any time soon. the challenge he faces now, at least the remainder of this year, well into next year, start to engineer a successful succession, whether he is out of the ceo office and into a new position at the company, next year, the year after that fix the new business, easier said than done, slip trip is out capacity, lose $1 billion this year. finally restore investor confidence, look shares at ford last year, down about 29% in the last, i'd say seven or eight

months. it has come back, generally flat, over the one-year timeframe, take a look at five years under al mulally's leadership, you have seen this stock, it was down, remember that, brian, down $1 a share? certainly has come back from there these on the agenda for alan mull lally, at least the remainder of this year. >> quickly back to the car, i like the looks of it, just me or a little bit of bmw grill on the front of that car? >> you are not the only person who made that could. i have heard a people -- >> the shark mouth, whatever they call it -- >> it is a much more aggressive look, a much more aggressive look. frankly, they needed that the old fusion was an improvement over the previous fusion, this one is five or six steps ahead. they definitely need this i think it's going to do very well. >> phil lebeau, thank you very much. and by the way, phil today, good luck getting back to -- might as well start walking back to chicago today. it is nasty here. or drive a fusion. phil, thank you. still ahead, mike rowe from "dirty jobs" is here. he will tell us if americans

really are willing, still, to get their hands dirty. and mitt romney doubling down after that video surfaces. a lot to talk about including taxes and we will look at the truth about taxes. who is really paying what is? we are back after this. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor.

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i'm bill griffeth, at the top of the hour, on closing bell is apple at 700 a better bargain than facebook at 22? we will compare apples and facebook. fannie mae report recorded the first net profit in four years but is the mortgage giant already returning to bad business practices? we will take a look at that. how are record iphone 5 sales affecting at&t's bottom line? we will talk with the ceo of the company's wireless division coming up. michelle caruso-cabrera is

with me today. we look forward to seeing you. first, market flash with seema mode kim. >> shares of under armor today, buckingham downgrading it from to buy. yesterday, the same stock was downgraded to hold. a taxing day for mitt romney, excuse the pun, but the republican presidential nominee is under fire after a video shows him speaking fairly bluntly about the growing number of americans who receive some sort of government aid. he responded by saying his comments were off the cuff but sometime on message. >> among those that pay no tax, approximately 47% of americans, i'm not likely to be highly successful in message of lowering taxes, not as attractive to people that don't pay income taxes as it is to those who do likewise, those who

don't pay taxes are not as interested in slimming down government. >> brings us to our street poll of the day. we asked you what is the average net effective, ie, postdeduction, federal income tax rate for the median income household? the answer is a, just 5.6%, hard to believe, but middle income tax rates come down automatically, by the way that number was the least chosen of our viewers' responses. the most chosen was c, the point here, folks, is this. most people paying less in federal income taxes than they think they are, yes, that excludes payroll, you get the point. many other numbers to consider to help reveal the truth about taxes. our steve liesman is here to run it down for us. >> taxes and payroll taxes, uncle sam rakes in over $2

trillion a year. 36% come from payroll taxes paid by most worker, 35% from individual income taxes and 12% from corporations. how much of every dollar does uncle sam take? if you make less than $10,000 a year, he takes about $1% of your total income. if you make around $45,000, uncle sam takes about 12%. and if you're fortunate enough to be in the top 1%, making averaged of 1.5 million a year, you are tossing about 20% to uncle sam. but is each group paying its fair share? the rich, top .1% of earners, just 120,000 taxpayers, are responsible for filming about 13% of uncle tam sapp's tax poll. when you expand it to just the top 1% of earners, they film to 26%. you include the top 20%, whose average income about $250,000, they are responsible for filling about 70% of the pot. but then consider america's

income distribution. that same top 20% of taxpayers takes in about 55% of the nation's income. but year after year, the wealthiest are seeing bigger and bigger increases in income than the middle class, whose income stays relatively flat. >> fantastic package, great information. nch>> we are trying to show tha people tend to overstate what they pay or overthink they are paying more. >> i don't think you can let romney off the hook for con playing in the the 47% or so who support obama, those are different groups of people. let's start there. to the extent he has a point, a large percentage of americans not paying taxes, well, there's the chart right there from the tax policy center, where romney's numbers come from. you can see the 28% are paying tax, as you correctly pointed out, brian, not paying income tax, 20% paying payroll taxes,

178% that don't pay income or payroll tax the numbers that people focus on, you break that down, brian, doesn't look so good. look at the next chart here, guys, if you look over there the non -- there's elderly people earning under 20,000, just not sure how much money will be there. >> the payroll tax issue i get. people kill me, everybody pays payroll, but that is a tax, yes, but one you will get back, likely, social security, medical care. >> you feel good about that? >> just saying, it -- >> a pay as you go system. >> here's the thing about federal income tax it funds defense, it funds drug test, it funds social program from education august lot of things, not contributing a dime, contributing and the getting it back. >> what's your proposal? what do you say? what do you say? everybody should pay something? >> i do believe that i do believe that i will say it right now. >> i don't disagree with that. >> we had a guest on "squawk box" a couple of months ago who

suggested, i can't remember his name. $100. >> $100. everybody pays a little bit. >> poor get $8,000 back from the government, you're not going to get 8,000, you will get 7900 an, i think is what he called it, tax. everybody kicks in something. >> people filing in the system. i think there's something to be said for that. the bargain that needs to happen is each party has to give up something sacred to them. >> the republicans -- >> the republicans should support the rule if you make a certain amount you pay a certain percentage. a little bit of tax on the wealthy. a little bit of tax on middle income people. >> guys like mike bloomberg, who's a billionaire now, said we should go over it, everybody needs to pay more. we'll get more. this debate it not over. we got to go. up next, roll up your sleeves. we're going to help put america back to work. mike roe, the host of "dirty

jobs" joins us with his ideas to get the jobs going again. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused.

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are american workers afraid to get their hands dirty? well, story after story from

business owners about how they have jobs they simply cannot fill. so what does the man who knows all about getting his hands dirty on the job think about this? well, let's welcome in a man who's been everything from a bug breeder to a sewer inspector. joining us now, we're happy to have mike roe, host of "dirty jobs," also founder of the mike roe works foundation, which celebrates, as they say, all aspects of skilled labor. i read a story in "the new york times" a couple months ago about a farmer in georgia who had 1800 job openings. couldn't fill but eight of them. are americans afraid to get their hands dirty? >> i don't know. you know, i figure at this point people are looking for role models. dirty jobs is maybe the simplest show in the history of tv, except maybe for the gong show. we look for people who are not only willing to get dirty, but who are willing to do just about whatever it takes to put food on the table and have a good time doing it. it's not just a tribute to blue

collar work and hard work, it's a look at entrepreneurship, you know. just listening to your last segment and, you know, listening to the conversations that are going on in the country, it seems to me, honestly, that, you know, 8.1, 8.3% unemployment, whatever it is, it's not just about 10 million too few jobs. it's maybe about 10 million too many employees. too many people who think like employees. on our show, we try and find people who are willing to still, through a lens of entrepreneurship, roll up their sleeves, get dirty, and not wait for something to be created for them, necessarily. >> so think like entrepreneurs instead of employees? >> i think so. i mean, look, it's kind of an old story, but it's one that gets lost a lot when you guys talk about job creation because it's sort of begs the question that somebody somewhere is going to have to create this opportunity before i can go to work. you know, i've gotten thousands

of letters from people. i met a guy a couple years ago up in maine who basically -- you know, he spends his day pulling worms out of the mud flats at low tide somewhere up in maine. you know, at a glance you look at this guy. he's not dressed too well. to be honest, he doesn't smell that great. then you find out he owns two homes, both paid for in cash from selling blood worms for bait. when you hear stories like that and look around the country, i find it kind of empowering because the country still is full of people who are truly willing to do whatever it takes to get the job done. there's a lesson in there somewhere. the microworks site we built was basically an attempt to celebrate people like that, people who were willing to take the time to learn a skill, master a trade, and who didn't necessarily look at the only path to success as one that was paved with a four-year degree. >> and so quickly, how can you help? what can people do to get involved with what you're doing on the microworks site? >> i'm not an expert in any of

this, brian, but the simple truth is it doesn't start with job placement. it doesn't even start in the schools. it starts at home around the kitchen table. when people sit down with their mom and dad and their kid, you know, and talk about what's possible. it's not right to put an entire category of careers and a whole hunk of our work force into alternative education, whatever that even means. knowledge is everything. skill matters. there are a lot of ways to get smart and develop a skill. that's what we try and do on the website. >> mike rowe, thank you very much. it's mikeroweworks.com. that's the site. we appreciate your time today. thank you. >> any time. >> thank you, all, for watching "street signs." mandy back tomorrow. close cl "closing bell" is next. have a great day.

when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. wanted to provide better employee benefits