hi, everyone, welcome to "on the money." i'm becky quick, the president proposes hitting new particular highs. >> my attitude is, i don't care if it is legal, it is wrong. >> and former defense secretary on the cost of prices in europe and the middle east. and one of the richest super heroes turns 75, why the caped crusader is a big hit around the globe. and why leasing your wheels

may be good for your budget. this is america's number one financial news program, "on the money." now becky quick. >> here is what is making news as we head into a new week "on the money," mixed markets and global concerns on the earning season, the dow started lower before rebounding and then feeling the heat of continued unrest by week's end, but the s&p hitting new highs, three days in a row by thursday. companies like apple, starbucks, visa, ford, feeling the revenue. duncan brands, at&t and amazon post a surprising loss the day before the fire went on sale. social network facebook reporting higher than average earnings on the mobile app business. the ceo mark zuckerberg says that it hosted more an a

trillion user posts. that is right, a trillion. another safety recall from gm this week and $2.5 billion from recalls and victim compensation fund all making for a tough second quarter at the automaker. profits were down for the second year in a row. and what does it all mean, what used to be a sleepy season on wall street. ben white, and allison deans, chief investment officer. thank you for joining us, the president made his feelings about corporate tax investments pretty well known, take a listen. >> if you're doing business here and basically are an american company and simply changing your mailing address to avoid paying taxes, then you're really not doing right by the company and the people. >> this is a cynical ploy, there have been proposals in the past to do broad tax reform to deal

with this. the white house has put no weight around the proposals, instead he comes up with this proposal which all it would do is essentially disadvantage companies who already pay the highest global tax rate already facing u.s. tax rates on their overseas income. and they do this basically because congress and the white house have not been able to do broad tax reform. you do it in a one-off, adding to the already complex page, they will find more to get around it. they will get acquired by a foreign company, finding other loopholes to go through. obama is trying to score political points by wrapping himself in patriotism. >> you can say they are the political points he is scoring, but do the corporations hear it? what do they think about it? >> my sense is, there is something wrong. grant granted, i agree we have way too many loopholes, if you get rid

of those and lower the corporate tax, it will make us more competitive, there is something wrong with the consumers paying taxes lower than in another country, then perhaps you should try to do the same business in those countries paying the taxes. >> what the countries are doing is trying to deal with their overseas income that gets taxed with the u.s. rate. there is a risk if you do the inversion, you will have lower taxes on the u.s.-based income, there are proposals that would deal with that issue and not the larger issue that you pay an overall 35% corporate rate plus a state rate gets you to 39%, i mean, what these companies are doing is simply acting in the interest of their shareholders and their employees. if they can't compete globally, they will have less employees and less employees overseas. so it makes sense for them to do this. >> the big upon is big companies can use the loopholes to get around things, use the tax

credits and inversions that companies here in the united states can't. >> i do think it takes off the pressure to re-vamp the pressure. >> what may be interesting is the pressure coming from obama, although it is quite political, it may make some of the big corporations keeping the city loopholes in place, coming together saying if you lower the overall tax rate we're willing to give benefits, they like things the way they are. >> that is why it takes a concerted effort on the part of the white house with congressional democrats and republicans to come up with an agreement that would both lower the corporate rate, get rid of the loopholes so that people actually pay the corporate rate, 25%, whatever it is, in any event, gets lower than 35 and gets more competitive with europe and other nations that have lowered their corporate tax rate. add on to that structures that the democrats would like to see, making the deal more attractive.

the democrats always insist on getting a whole bunch new revenue if you're going to lower the tax rate. it doesn't increase revenues but lowers the overall rate, keeps the tax revenue neutral. this seems to be a deal that could get done that needs presidential leadership. >> let me ask you guys about earning seasons, what has been happening with the markets. allison, we have great earnings reports. what does it mean? >> it does make me think, i felt as if the markets -- the thing that caught me by surprise has been that earnings gross better than expected, top line gross is better than expected and it could hold the market up in the face of some global issues going on right now that could be a cause for concern. >> there are massive global issues politically. it is huge concerns, i've been surprised that the market has not been more concerned. >> at the end of the day, crazy as putin seems and i think he is that he is not really going to do anything to weaken their

economic outlook. so that could create economic instability he can't control. so we'll have that war of words and maybe he will back off. it things like that is what the market is thinking. thank you both. >> up next, on the money, what is the economic and political impact here at home? former defense secretary william cohen is here. and how badman is still taking down bad guys and turning a profit at an age where most of us would be enjoying our golden years. right now as we head to break, take a look at how the stock market ended the week.

tensions are rising in several parts of the world from israel to ukraine. the u.s. is trying to keep up but how much can be done and what is the impact to americans? joining us right now is former senator and secretary of defense under bill clinton, william cohen, mr. secretary, thank you for joining us. >> good to be with you. >> is it just me or is the world definitely a dangerous place, more than it was five years ago? >> well, i think it definitely is dangerous, you see certain places around the world. certainly iraq, afghanistan, syria, also ukraine. so it is a much more dangerous place because we've seen what i could call the democritazion of terror, they don't have the restraint and how to use the weapons, as a result more people are placed in greater danger. >> how does the u.s. have to

change its policy and strategy to keep up with the changing world like that? >> i think the u.s. has to continue to exert leadership. frankly, i would have hoped that the president would have gone to the funeral services of those who were killed on the malaysian flight 17. i think it would have been a perfect opportunity to show a shared sentiment and sorrow with the innocent people killed as a result of the shootdown. i think it would have been an opportunity for the president to stop in europe, in brussels, gather all the nato countries together and say we have to take action. to send a signal that this type of activity taking place now in the eastern ukraine is simply unacceptable. that president putin who has been supplying weapons to the rebel groups, who now has been accused of using weapons to fire across the border to ukraine, has got to stop. i think it is a real missed

opportunity from the united states not to take the time to rally with our european friends, to send a signal to putin this has to stop. >> i wonder if you are surprised by the idea that putin seems to be stepping things up instead of stepping things back, after the malaysian airliner went down. >> well, it is really a finger in the eye of the western world to say he is not concerned what the public reaction is. if he were concerned he would have been much more gracious and generous in his comments, move quickly to allow the inspectors to go in and stop the kind of looting taking place on the ground, as far as the dead bodies were concerned. he didn't show much in the way of statesmanship, but rather his approach to international politics today. which is simply power politics, brutal shutdown and crackdown and very little in the way of showing he wants to be a part of the international community. >> what about turning the situation to what happened in israel.

it has been nearly three weeks since violence stepped up in hamas and israel, and it looks like there is not an end in sight. john kerry did tour the middle east this week on an extensive mission this week between the two sides. but diplomatically, what can the u.s. do here? >> not much until they see that the israelis and hamas has to stop. the israelis are going to continue to push into gaza, more and more war fare and more and more civilians will be killed. that means the leader of hamas, who is now safe in qatar, a place for them to be, seems like unless the israelis are going to stop, hamas is not going to stop. hamas is apparently prepared to sacrifice more and more innocent civilians because that is what happens during urban warfare.

this week, israel stopped flights twice because of the violence there. between that and the malaysian airlines plane being shot down, i just wonder what you mean about this heightened security and troubled area, what it means for commerce in things like airplane and international travel. >> well, we're going to have to be much more prudent in how we check into airports and what the requirements are going to be. for example, there are elements of al-qaeda. there are offshoots, it could be isis. it doesn't matter which group it is. it could be coming from yemen, any place, but they're determined to turn american aircraft or international aircraft into flying missiles. that is why we had a most recent advisory put out, you have to make sure your cell phones are charged when you go to an airport because we discovered there are methods under way utilized by these terror groups to bring down aircraft wherever they're flying in the rest of

the world. that means there needs to be a greater effort to eliminate the terrorist, wherever they may be. >> secretary cohen, thank you for your time again. >> good to be with you. >> up next, we are on the money. 75 years later the caped crusader fights on in television and video games. why have the comic super heroes become big business? we'll get the answer. booking.com booking.yeah! i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. one pill each morning 24 hours zero heartburn.

130,000 fans descended on this year's comic-con. no super hero gets quite the business like the caped crusader. batman is turning 75 this year. the series sold over a million copies last year, and there is a new television show slated to come out. so why do super heroes have such longevity? thank you for being here. >> thank you for having us. >> jim, let me ask you, why does batman still resonate with fans? >> the comic book has always invited different generations of creators to do their version of batman, you see the costume changes, different supporting casts and villains, so that way he has always been kept up to date. the batman we know and love is out there now.

everybody has their own generation they can embrace. >> i was just looking at this. are you wearing a superman, really, it is batman's birthday. >> listen, i know it is batman's birthday, but superman has to be represented, too. the thing for us is that we like to celebrate all of our characters, it is great to have such a pantheon. >> i know that the comics, rebooted batman and other comics, you guys have had lots of new story lines. is there room for new super hero or are the fans only interested in their old characters? >> it is an interesting question because we're always trying to keep our characters contemporary, and refresh them. the best part about it, the characters have an appeal. there is such a wide variety of

interests and ages, we always try to keep them as accessible as possible. >> i know you have the five television shows coming up. you also have digital books. it seems to me like this is a constantly changing industry. >> it is, but actually, comic books have never been healthier. we have a growth in the print side as well as the digital side. what we found with the digital channel, we try to put this on their phones and tablets, when we make press about the 75th, obviously we're talking about the anniversary, the tv show, the video games, and talking about comic books people are able to click links and find that we're still publishing comic books. and it is a great way to bring people into our business and make them fans of the business themselves. >> i love the idea of comic-con. i always wanted to go, i never have been able to go there. but guys i see you have two

storm troopers, a gladiator, a bunny rabbit, what is this place like? >> you know what, this is the 22nd for me, yesterday was a big thrill for me. we got a chance to meet adam west, first time i met him in my position. i tell you, it is a fan boy dream. i was a 6-year-old kid again. >> i think all the kids in costume, they actually fade away again. the guys that stick out in a business suit -- >> darth vader -- >> playing a bad guy, that is right of t right. well, dan and jim, i want to thank you for your time. dan, next time you better wear a batman hat. thank you gentlemen. up next, a look ahead at the week ahead. and leases for cars this summer. is it the right way for you to go or would you get more mileage on buying out right? (soothing s)

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for more on our show and our guests, go to our website and follow us on twitter at "on the money." here are the stories coming up that may impact your money this week, more earnings are on the way, we'll hear from exxon mobile, go pro, twitter and proctor & gamble. on wednesday, we'll be getting the advance estimate of the gross domestic product for the second quarter.

thursday, congressman eric cantor will step down as house majority leader, on friday, sales are out. friday the big number of the week, the jobs report, and finally, families of the victims affected by general motor's faulty ignition switches can begin to submit their claims on friday. more than a quarter of consumers are leasing cars rather than buying them. according to consumer reports, it rose to 28% in just 2014. so is leasing right for you or buying? sharon epperson is in the driver's seat. this is a big question. >> this is a big question for a lot of people. buying a car is the largest purchase that a consumer makes, while leasing is a good option for some, others may not qualify for credit or income requirem t requirements. so before releasing the factors, you have to determine if it is the right option. >> assuming you do qualify, what are some of the different

advantages and disadvantages. >> well, let's look at the leases, a lot of folks want to lease because they want a new lease all the time. there are a couple of things to consider when you look at the payments that you're going to make, the lease payments are often going to be low with no down payment. that is a financial option that a lot of people look at. they're also looking at the sales tax they have to pay, they pay sales tax on the entire purchase but in some states you only have to pay on a monthly payment. and then also of course you want to drive the latest model and change it over every couple of years. that is a big reason. in terms of the disadvantages there are some you want to consider. you don't want to say well it will be a lot cheaper to lease the car because there are other things you want to think about. that is that you will always have car payments during the time of the lease. you will have to make the monthly payments with higher insurance premiums. this is what i worked driving to new jersey. the mileage lease is serious,

when you go over the mileage you don't want to have to pay the penalty. >> that is the thing that kept me from leasing the car. i think i drive a little too much. >> but there are advantages to buying as well, one of the cheaper ones, you can buy the car, you wouldn't have any car payments or mileage limits and the insurance costs are generally lower when you're buying. but then, again, those monthly payments that you make when you buy the car you have to consider that and if you can make the monthly payments. if you have to finance it. and they're higher that is something that a lot of folks consider. they're looking at the down payment and sales tax and if they can afford to have that money outright and in the beginning and the depreciation, and the value goes down year after year. >> if you're in the market for a new car and think about is when should you think about it, when should you shop? is there a special time of the month or year? >> well, you always want to look at kind of when the new models come out. and at the end of the cycle, buying the last year's model you

probably get the cheaper price then. also think about when in terms of leasing, it usually is not the same type of seasonal deals with leasing. look out for the car deals and trying to get rid of the inventory at the end of the month, the quarter, the end of the cycle in terms of the model years. that is when you're going to get the best deals. one of the best deals probably can be buying it on december 31st she got a great, great deal on her last car. >> that is a good tip, sharon, thank you. good to be here. >> that is the show for today, i'm becky quick, thank you for joining us. each week you can keep it here. we're "on the money." have a great weekend and i'll see you next weekend. ♪ the last four hours have seen... one child fail to get to the air sickness bag in time. his shoes! and a third simply doesn't want to be here. ♪

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