tv On the Money CNBC May 10, 2015 7:30pm-8:01pm EDT
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hi everyone, welcome hi everyone, welcome to the on the money. how high-tech has replaced bars and blind dates. meet the man behind one of original dating websites. billionairs giving it all away. where warren buffet and bill gates wants their money to go. how the world of job hunting has changed. the best websites to use if you're looking. on the money starts now. >> this is on the money. your money, your life, your future. now becky quick. >> here's a look at what's making news as we head into a new week on the money.
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america's unemployment rate fell to the lowest number. the accompany had 223,000 jobs in april. that was in line with estimates bouncing back from a week mark. the unemployment rate dropped the 5.4%. that's the lowest level since 2008. stocks were up and early trading on friday after a choppy week. they continued to rise at the close. don't look now but mort aj rates are starting to creep up. now averaging 3.8% according to the home loan corporation. that's still the story. up from 3.68% a week ago. if you're longing delays on the beaches of havanna, there's a new way to get there. you better plan well in advance. the fight will be a once a week charter. the internet and dating continues to be a good match.
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the founder came out of retirement and back running the match making site. i want to thank you for joining us today. >> thank you, becky. it's great to be here. what's the answer? do opposites attract? >> opposites do attract. there's something fascinating about finding somebody like you whose very different from you. opposites attract and then they attack. >> so that's why you have a very specific set up where you ask people to fill out a long protrial about what kinds of questions you're asking. i've resided over the funerals and the deaths.
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you've got real problems ahead if you don't marry the right person. it's tough to bend people. we matched them so carefully on 29 dimensions. we called it broad base. that's what you have to have. >> when it comes to matching people up, what's the most important categories? >> i tell you, becky. the kind of fun thing is you know intelligence is important. you can't give themm an iq test. two people married need to be in one standard deviation. we have to ask the questions that get intelligence so we can pair people up so that they won't find themselves feeling hurt because the other person is saying things they don't understand or frustrated because they're saying things that the other person doesn't understand.
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>> you know, what you did was so unique at the time. when you came out with it, i remember from the adds it was like seeing an old friend. today there seems like there's so many crazy competitors. things like tender. how do you compete with players like that out there today? >> we kind of like tender is out there. e harmony takes things very seriously. as i said, we ask a lot of questions. we take great interest. our divorce rate is 3.8%. it's way below any other online dating website. >> what about people looking for someone of the same sex?
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when they're trying to do that on eharmony, why not hahave a se site? >> that being such a con teshs subject, we tried to weave our way through that. we've had compatible partners and spend a lot of time on that. we tried to get that good. we try to manage that, we walk a tight rope on that one. >> is that a similar sort of site where you answer personality questions? >> yeah. >> are the al ggorithms the sam? >> similar. we have a disclaimer. the disclaimer is i didn't see a lot of same sex people in therapy and are 5,000 married people that we had in our original sample didn't have a
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lot of same sex people. we don't know that area as well as we know the more conventional area. we take those people very seriously and we want them to have long term relationships that are good. >> neil, you've been married to your wife for 56 years? >> yeah, 56 years. >> how did you meet her? >> at pepperdine university. we're proud of that. i did have an intuition i wanted somebody who had values like hers. she's a little bit brighter than i am, not that much. we've had a great marriage. three daughters and nine grand kids and we're looking for that kind of experience for people who come to us. >> thank you for your time. it's been a pleasure. >> up next, we are on the money. three billionairs you know
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capacity so things like agriculture and eradication over time. that's our life's work now. >> how would you say friendship and partnership has been over time? >> it started as partnership and we hit it off and then we've had a lot of good times since we started doing things together. one of the great things a trip through china and bill arranged so i could eat hamburgers the whole way. >> there came a point in our life when it seemed like omaha was always on our way to or from
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the east coast. he would come through to see warren. >> the giving pledge, i know that's been a place where people who are actively involved can get together and talk about what's worked and hasn't worked. i wonder if you could tell us something that comes from that? >> 30 people joined up and a little over half tend to come chatting through what's going on has been incredible. the idea the foundations make equity has been a topic to my surprise that's one of the most interesting because these people wonder if the double bottom line things work? >> i'm sorry, what are they?
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>> if the foundation sees a bio tech accompany whose technology won't help with ritual medicine who could make new vaccines, we might say okay, unless we help them out, they won't get going and in return for our unvestment, we get free access to that technology for the very poor countries. it's a win/win when it works out. >> can i ask each of you about the work, the one item you've worked ond at the foundation you're most proud about. >> melinda, voice and money. >> do you want to talk a little bit about that? >> i took on this work two years ago of getting contra septembcen
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women's hands. if they can space and time the birth of their children, the women are healthier as are the children. it's a very controversial era. we've taken it off the agenda. we have countries all over the world going through commodities and teaching them about contraceptives and delivering them. >> how about you? >> i'm always excited about the latest thing. i lover the idea of challenging the best scientist who wouldn't know. we solicit the idea of a new condom that was more less unattractive. >> i'm not helping you out.
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you're on your own. >> the buffet foundation was accused of having a cherry flavored condom. >> never should have been done. should have been strawberry. >> thanks to warren buffet and bill and melinda gates. how starting your own business could be like drinking a fine wine. maybe vintage is better. if you're in the hunt for a new job, we'll have the best places to find one. ♪
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as as we come to an end of national small business week, we thought we'd take a look at some young businesses. we'll take a look at how baby boomers are running businesses of their own. >> here's a look at how two entrepreneurs got their start late in life. >> my name is jay. i'm 59 years old. i build guitars for a living. >> just a few years ago he was building houses, not ucla l-- guitars. >> i started building them as a hobby to satisfy an urge i had to play custom instruments and was going to do that until the home industry picked back up and it never did. >> now he's building instruments full i'm out of his north
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carolina home shipping them all over the world. he's making six figure, enough to never have to return to residential construction again. >> i was so much happy that i had ever been building houses and the stress level was so much less i was willing to take a gamble and even if somebody called and wanted to build a house, you know what, i'm not available right now. >> while young entrepreneurs like facebook's mark smay dominate the headlines, from 2003-2013 overall entrepreneur entrepreneurship fell off. now sandra sells her accompany all over the country even at whole foods. she says her age has given her perspective in running a business. >> one of the wonderful things
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of age. you learn a lot as you go through life. you learn from others. you learn from your mistakes as well. i can't say i was ever scared. in fact, i think i liked the independence of making decisions on my own and of course, taking the risk but i felt tremendous confidence. >> experts say entrepreneurs who launch businesses later in life find more success because they're established financially and have a wider connectiveness. despite those risks, they're happier than ever before. >> man, if this is any indication of what you should be doing, they both look amazing. >> she says it's due to the products because they're great for your hair, health and everything. >> were they surprised by their own success? >> they both were surprised. they shouldn't have been. they both had those skills and
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the financial stability and the connection to make this work. >> kate, thanks so much. >> thank you so much. >> still ahead, even if the economy is still making jobs it's difficult to find one. booming website for jobs growing like weeds. begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away lness... and believing that a single life can be made better by millions of others. hethier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen.
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here are the . here are the stories coming up that may impact your money this week. mthat, painting will go on thei ,, auction block, and valued at $140 million. we'll get the producer price indeks. friday data will be releesz leased. the economy added 223,000 jobs last month. talking about your money, your future and your career and sharing the process of finding a job. it's significant over the last year. >> significant on social media.
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>> what candidates what the find you better make sure on linked in it's great. a lot of the job applications have been streamed live over the past several years and they've had exactly what they want and they'll let you know. another thing is working in action. once you get that first interview it doesn't mean two weeks later you'll start working. the process and the job pairing process could take a long time. it may be more of a hurdle. where should job seekers go if they're interested in trying to
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find one? >> the popular job sites. that's a place you can put where you want to live and the salary and the job you're looking for and it will give you a lot of job information. >> what about somebody whose looking at their career? >> sometimes eyou need the push and somebody to tell you what they think you should be doing. abby is a website. somebody whose been in hr for a long time. so i put a picture of my iphone on my linked profile. get a professional photo. i like the website. i like the career site. sometimes i teach grad yuts students about the jobs they
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wa want. they're filling out profiles saying what they're jobs are like. that's helpful. >> talking about how many jobs have been in the last month and talking about the occupational handbook and ideas. >> all right. good advice. thank you. >> we have a market that has legalized the prukt. we have more. >> our line of reciting has become an parent part of sta staffing. e mention unlimited growth opportunities.
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the biggest we've seen is the amount of government jobs. >> these are taxpayer dollars. >> it's paying $5,000. we're seeing the pay scale higher because of people being nervous about the kind of people that come to work for them. it's like any other industry. you're looking for a job and putting your best foot forward. sell yourself. >> launched a little less than a year ago. so far, about 500 people found jobs in cannabis industry. >> this is an area i don't know a lot about. i'm dying to know what's the most demand, what jobs are they looking for?
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>> so many of these jobs fall under the government job sector. we're not talking about a federally illegal drug. in states and counties that have legalized the drug, they need somebody who understands the law to teach them. >> it's a mind blowing experience. thank you. >> next week tv for toddlers for babies and infants. is this really a good idea? each week keep it right here. happy mothers day to all the moms and kids out there. see you next weekend. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international.
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including postage and a digital scale. >> narrator: in this episode of "american greed," in st. louis, missouri, martin sigillito is a jet-setting international lawyer who lectures at oxford, checks on his $50 million british real-estate portfolio, and attends to his heavenly affairs as a bishop in the anglican church. >> he always traveled first-class -- a lot of $10,000 expenses monthly on his charge cards. >> narrator: stateside, he's a board member of the racquet club, st. louis' most exclusive clique, and a man with an impeccable reputation. >> he seemed very knowledgeable, charismatic, professional. >> an attorney, a trusted adviser, friend. >> narrator: that is, until his own secretary unmasks him as a wolf in priest's clothing.
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