>> in this episode, our "secret lives" super tally reaches a climax of "secret lives" super tally reaches a climax of $270,372,180. hi, everyone. welcome to on the hi, everyone. welcome to on the money. i'm reporting are the world economics forum in davos, switzerland. the ceo of one of america's largest bank stocks. a couple educating kids in africa. and awhat's andrea pucelli doing here?

here's a look at what's making news a massive new stimulus program for europe. european central bank president announced a bond paying program to push up -- the long 'r awaited $60 billion euro a month program was much more aggressive than in analysts respected. it helped push u.s. stocks up with the dow rising more than 200 points after a choppy week, but the markets fell on friday. earnings seasons continue with a mixed picture of its own. ibm came in ahead, although isles revenue did fall short. >> and microsoft has been busy lately, the software giant unveiled it's new operating system. the u.s. will come with two browsers, it's tablet and touch friendly and it will be available later this year. bank of america is the second largest bank in the

united states and it touches more than half of the population. fibtd out what the all important mvrn consumer is thinking and doing? >> well, it's been an interesting, you know, late winter into, here in the sense you had the oil structure moving, the rate structure moving dramatically, but it's all moving based on the economics. as we look out at the world, we see the world growing next year, not as fast as people would like it, and everything is picking up growth and everything supports that. you had some examples of really unusual things is what happened here in this country a few days ago and that moved the markets around now they're settling back into that new reality. >> obviously oil is one of the markets people have been wat watching closely. what about bank of america's

exposure to oil loans that could be in -- >> we had a $40 billion, but a big part of that is very large companies who have a lot of very large revenue streams, and oil is one. as we look at it in the u.s. especially. you have a plus and a minus. both from a macrosense and a company sense, we buy the oil and keep it there for 12 months. we run these stresses consistently and have been running them, but the question is why is it falling and what is the broader effect on to the economy. if you look at the consumer side, it's been remarkable. just looking at the data from last week, oil spending effectively over $1 a gallon. but the consumers are spending that plus more. that's good for the broad economy and we have a lot more congress assumer exposure than we do oil company exposure, will

be of benefit long-term. >> just your view of the consumer is a very good one, obviously about half of all congress assumers -- retail sales were down in december. i know that's because of lower gas prices, but what does the congress assumer feel like? >> we didn't see any break from the headline number from november, december and into january so far. about 3%, come bichbed spending on credit and debit cards. if you didn't have the oil cost downdrafted, it would be 4.5% accelerated. so consumers have spent more money, so some of this data gets done in a way, and what we see in our conditisumer, as of last friday are spending more money.

>> when you look at the yield below 2%, maybe 1.7%? >> i think that has to go with the unemployment and that continues to improve. the question is whether it's fast enough. if people can earn more money, they can spend more in that context. so the debate is going to go on until the fwed does do something. we watch the new year come in with al of optimism and i think this year will be no different. every year we think that the economy -- last year was, you know, flat and increased the whole year, next year we look for it to increase again. that means everything we see is constructive and that ultimately will depend on all the factors that we talked about. >> if you listen to the consensus, they would have them

do it by to the middle of the year. but if you look at what's happening around the globe, if they were to raise rates right now, does that mean a dollar? or is that another dislocation of the market? >> they watch that in great detail. predominantly what they have been focussed on is the u.s. employment. and they want to see the alley wages and things start to have pressure, the unemployment rate is down, the under employment rate is down, we see it in the workforce, the job openings turn over very quickly. i think that's what they're going to look at. and the impact, i think the key one is the u.s. labor economy in the shape that they would like it to see, so they will have sustained spending and sustained consumption. >> look, you have to look at it as a risk manager and for the fed, if they -- he's fine with them keeping rates lower for

longer, because it's about making sure that you don't get yourself in a bad position, would you agree with that type of logic? or would you like to see him raise rates sooner. >> selfishly, we make more money through the rates. which long-term is better for your company. they ought to raise rates and they have said they will rise rates when the economy grows and they meet to slow it down but not stall it. the unknown of going backwards and having deflation and other issues which, you know, fig areai youring away out of that, we need to err to the upside versus to the down side. so i think all that factors in, i assume as a risk manager, that's what they all look at. >> p up next, we are on the

money, from sheryl sandberg and lorinda gates, they are two of the most influential women in business, they join us from here in davos. and it takes a village to raise a child. right now take a look at how the stock market ended the week.

welcome back to davos, the world economic forum brings together top business leaders and executives. we spoke to sheryl sandberg as facebook's chief operating officer. and lorinda gates is the co-chair of the bill and lorinda

gates foundation. >> it's a tricky issue, i think for anybody who's leading in any arena. the foundation is actually in about 24 different topic areas if you take them from vaccines to family planning to trying to lift and empower people. i follow my passion and also the data. i look to see where the greatest need is, but i also listen very carefully when i travel. so i travel to the developing world a lot. i go in as anonymous woman from the west, in a pair of khakis and a t-shirt and i listen to women. and i hear from them, when i hear what matches the global data, that's what i act on. >> i talked to women about vaccines, and they said wait a minute, what about the shot that in the arm that i get. it's a life and death crisis, i go to the clinics, it's not

there, why not? and i came home and started studying the global statstatist -- >> there's to many great ideas, but we only can do a few really well. so at facebook, what we really focus on is how people share, and making that sharing experience better. that's taken us from all texts to a news feed, to photos to messenger to video. what really matters is what happens with people lives as they share. when you can start a business online without needing a store front. when you can express your views about our government. when you can remember a family member's birthday in a way that's different, that brings people really together. look at what happened with bill and lorinda's letter, they published it on facebook. i know i posted it and i know al of other people posted it and as

we all post, we all learn. >> let's talk about your letter. the advances you have made over the 15 years since you started the foundation. >> bill and i write about what we thiare bottleetting on. it's because of the amazing innovation that are actually being delivered on the ground in countries all over the world. people go out and say this is hopeless or there's that crisis. childhood death has been cut in half, basically in the last 25 years, bill and i fundamentally believe it can be cut in half again in the next 15. >> sheryl, what do you think? you have been so on the forefront in terms of advocating for women, with "lean in" and everything you have done. what are we on the battlefield

essentially? >> i believe that our two countries will no longer go to war. terrorism and real conflict and so much displacement of humanity, let's get some women to the table. there are 17 countries out of 195 that are run by women. and someone made the point that he's been through a lot of negotiation and a lot of territories, there's never been a woman on either side of the table. the thing to remember is that leadership for women has stalled in this world. we have been at roughly 17 world leaders for 10 years. we have been at roughly 10% of the fortune 500 for ten years. >> what do we need to do to jump-start it. >> in the developing world, women are less likely to be educated, they are relied upon for endless domestic help in a way their brothers aren't. >> it seems to me like it's something that needs to happen on a alevel, on a broad scale,

but probably also on the small scale too, in the home. you both are parents, i'm a parent too, and it really ejds up what you heech teach your kids along the way. >> and what you do with your spouse about what the roles will be in the home. you ha >> if you're 14 and you see your father washing dishes and laundry along with ---unless she sees you doing your share, and so we really need to tell men, how important it is for their families for them to do more at home. >> what's the first thing you do when you wake up in the morning? >> meditate. i spend quote time every morning, it's fundamental to my day. >> good for you. >> that's my new year's resolution, i'm three weeks in. >> it takes a while. >> i don't feel that it's honest

to say i meditate yet but i'm giving it a try. up next, how technology is being used in some of the poorest classrooms around the world to help take the cost out of getting an education. and

welcome back to welcome back to davos, switzer land. one of the issues taking -- joining us right now are the co-founders of bridge international academies, dr. shannon may and jay kimmelman. they found a way to give thousands of school aged kids who live in poverty education for what you might pay for a gallon of milk or a cup of coffee. you guys are the largest chain of private schools in africa. how does the whole model work? >> it starts by putting the parent first as a customer and treating them like a customer, th then building a business model around that technology. we change the educational opportunities for hundreds of thousands of children. but really clanging what you do in the classroom and making technology to make that a very

different experience. >> we should tell people that this is in areas where people make an average of about $2 a day. they can do this for $5 a month to send their children to this school? >> that's correct. what we have done is taken a systems approach and looking at all the different parts of the education m process and saying what parts of it do you need to transform so you can deliver world class education, but make it affordable enough for that person who's making $2 a month. >> this relies on technology, how do you use technology in the classroom? how is this curriculum set up? it's a school in a box type of model? everybody's teaching the same curriculum. >> one of the worst things is being on your own in the classroom. so we try to provide our teachers with a really robust system for them. we prepare all of their lessons for them. they help open up their tablets

and their lessons are ready to go. they're able to use that with both positive re-enforcement and with disciplinary procedures to ensure that our teachers are always teaching. a child who's 6 or 8, they can't use a book to read. they need technology that does deliver content, and to use that to constantly improve the management of the classroom. >> i assume that these are teacher who is don't necessarily need a college degree, if you can hand them the curriculum and hand them everything that goes with it. >> our teachers are, some of them are university graduates, some of them are high school graduates, many of them have never taught before. they are able to rapidly become excellent teachers through giving them the support network, by having the lessons prepared for them. so instead of expecting them to be specialists in skin, social

studies, mathematics, just going back to the cost. $5 a month when you only make $2 a day is a lot of money. >> across most of the areas that we work, 47% of the classroom times teachers are in the classrooms teaching. so you need a point under that lightning, then they can send all their boys and their girls to school unaid. a look at the news for the week ahead. and andrea pacelli is in davos,

but not for his singing. stick around, we'll tell you what we're talking about.

moreor for more on our show, go to our website, otm.cnbc.com. here are the stories coming up that may impact your money this week. more earnings are coming, microsoft, 3m, boeing and visa all report. also on tuesday, new home sales

for december. on wednesday, the federal reserve's opening market committee ends it's closely watched two-day meeting on monetary policy. wednesday is also the date of the 57 years since leggo received a patent for its interlocking toy bricks. on friday we'll be getting the gdp for the first quarter of 2014. with more than 80 million records sold, andrea pacelli has two new records out. he's in davos to be awarded a crystal award for his charity. i asked him if he had a favorite song, he said it depends on the moment. >> translator: it is never one song that is to the favorite song, it depends on the time of the day, it depends on how you're feeling. it really depends. >> i know that your first love is opera, and with the release of opera, the ultimate

collection, i just wonder how important is it for you personally to bring opera to the masses, to make sure other people appreciate it? >> translator: honestly, my skoasole objective that i'm nourishing my soul and music is food for the soul. >> the other album you're releasing is a dark story. >> there are not many operas, there's not many titles with this type of story. >> can we talk about your charitable foundation? i know that's why you're here. >> translator: in one word, what my foundation would like to do is help. and in first in poverty, we are working in this field, in haiti, where there are people that are

desperate and then we also work in the technology arena, we have a cooperation with the m.i.t. in boston and we're trying to produce a device that is a radical solution for old, blind people. >> that's the show for today, thank you so much for joining me. next week, we'll download the% apps to help p you keep track of and grow your money. have a great one and i'll see you next weekend. welcome back to showdown! i'm jerry rice, here discussing the big race between the tortoise and the hare. my guest is stephanie branton. jerry, i'm going bunny. shocker. not really. you see, the hare's "thoracic limbs" allow for greater extension and elongated strides. look for the hare to

leverage this advantage. ok. vote on twitter for your chance to win a mercedes-benz big race viewing party.

>> narrator: in this episode of "american greed"... a pharmaceutical giant is accused of putting profits over patients. pfizer pharmaceuticals goes beyond fda limits and pushes a pain pill called bextra to the masses. >> this was about putting bottom line above the patients' lives, and that's wrong. >> narrator: the illegal marketing has already cost some the ultimate price. [ monitor beeping ] and later, in southern california, jeanetta standefor convinces 600 investors their cash is rescuing homeowners from foreclosure. >> it felt like everyone was going to win. >> narrator: the would-be marketing mogul relies on friends', relatives', and investors' trust aai