tv On the Money CNBC April 2, 2016 5:30am-6:01am EDT
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welcome to "on the money." i'm becky quick. mission to mars. will we walk on the red planet anytime soon? of course by that i mean the royal we. what nasa's administrator says and why we are trying. the man who start eharmony wants to match you with the perfect job. our conversation with neil clark warren. >> and one of the scariest words in the english language -- audit. there are ways to avoid an irs audit. tips for a taxing time. an accidental millionaire. why one mom started a temporary tattoo business from home. >> i'm not understanding why i got here, but i'm really loving it. >> "on the money" starts right now. >> this is "on the money," your money, your life, your future.
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now, becky quick. >> today, we begin with nasa. the space agency was founded 58 years ago and landed astronauts on the moon a full 47 years ago. nasa's new goal is to get humans on mars in the next 20 years. we are in the middle of a new space race, and that's our cover story this week. >> in 1961, president kennedy pledged to land astronauts on the moon. by 1969 millions of americans watched it happen from their living room tv sets. >> that's one small step for man. one giant leap for mankind. >> nasa's space success continued through the 1970s and into the 1980s, until disaster. ♪ in 1986, the space shuttle "challenger" exploded 73 seconds into the flight and all seven crew members were lost. then in 2003, the space shuttle "columbia" broke up before landing, and all on board
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perished. >> today we set a new course. >> less than a year later, there was a new vision for nasa including human exploration of mars beginning with the space station. last month astronaut scott kelly returned from a nearly year long mission at the space station, testing the impact of long duration space flight on the human body. now nasa is testing the new orion spacecraft, to take people further in to space. the first crew is expected to board in 2021. can nasa build the systems to get astronauts to and back from mars safely? charles boldin, thank you for being here. appreciate it. >> thank you. my pleasure being here. >> there's a lot of excitement about space these days. part of that has to be from movies like "the martian." nasa's goal to get astronauts to mars. what do you think is building the excitement? why mars and why now?
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>> well, mars is critically important because it's similar to earth, we think, and its history will help us to understand our own planet better and the ultimate reason is the fact that we want to know if there is life elsewhere in the universe. >> you think we can do this sometime soon. watching "the martian" i was amazed at the difficulties and potential hazards. >> if we were just starting out i would have my doubts, becky, but we've been sending precursor missions to mars for almost 50 years now. we think we are on the right trajectory to get humans to mars in the 2030ss. >> are we going to be using international cooperation to do that? will russia and other countries help us in that mission or is this an american goal? >> no, it is not. this is truly an international venture. it will be absolutely essential to have international partners with us. >> i know nasa's budget request for 2017 is $19 billion, a 3% increase from last year.
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what sort of direct benefits do you think we can get out of spending now? >> when you look at nasa's budget you get four giant areas, one people talk about a lot is human exploration. the most bang for the buck comes from the smallest amount of the money, in aeronautics where we contribute to the largest balance of trade item for this country. i'm excited about that part of the budget for this year because we will start building x planes again. >> we watched scott kelly who just came back from a year on the international space station and it's been amazing to hear some of the things and the impact on his body. what are you learning from that experience to see how long we can spend in space and how we can do it better. >> scott's mission was critical. it was a one-year mission. not the longest humans have been in space but the longest an american has been there over a sustained period of time. it will help us in the nev
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neverending quest to understand how he human body will function for long periods of time in the microgravity of space. >> he grew a few inches. it only lasted a few days, but. >> that's a nice -- it's a nice, interesting point. but everyone who goes to space grows by some amount because gravity is taken out of the equation. you are going around earth so rapidly that centrifugal force overcomes gravity and you have a sensation you call floating. everybody grows by fractions of inches, and then unfortunately for short people like me, you go back to normal within days of ever coming back to earth. >> that's the only thing that tempted me to go to space. when i heard it was a temporary fix, i thought okay, never mind. >> you would love it. >> let's talk about some of the private ventures we've seen. things like spacex and blue origin. those projects is that good for nasa or is that competition? >> good for nasa and the nation. primarily because they help us to bring launches back to american soil, whether it is for
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cargo or people. so i would say that they're incredibly valuable to this country. >> administrator bolden, i know you didn't want this job when your name first came up. didn't it take a private meeting with president obama to convince you to do this? >> i would have taken the private meeting with the president for any reason but it did. and actually that meeting was not -- was not where the question was popped. it was really -- that meeting was to talk about my ideas on the space program and nasa. it wasn't billed as an interview for the job. i didn't get the invitation until a couple of months later. >> what goals would you say you have left, things you want to accomplish? >> making sure we are on a steady path to mars. that we can get there in the 2030s would probably go as my number one thing that i'd like to see. we are a lot closer than ever before. getting astronauts able to fly on american spacecraft, getting the sls and orion flown, the
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deep space vehicle to carry astronauts back into the area around the moon and then eventually on to mars in the 2030s. and then the incredible science accomplishment launching the james webb space telescope in 2018 and then again aeronautics as i mentioned before. >> thank you for your time. >> all righty. you take care. here's a look at what is making news as we head in to a new week on the money. a solid jobs for the for march. the economy added 215,000 jobs. that's in line with expectation. there was a decline in manufacturing and an increase in retail. the unemployment rate rose to 5% in part because more people started looking for jobs and entered the work force. wages edged higher. stocks took a breather and closed out the month on thursday after hitting the highest levels of the year earlier in the week. the dow, s&p 500 posted the best gains since october.
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part of the climb was due to a speech by federal reserve chair janet yellen. she told the economic club of new york the fed would proceed cautiously in hiking interest rates because of global risks. >> americans paid less for gas last quarter than any other time since 2004. that is a savings of $10 billion compared to last year, $45 a for every licensed driver. any business will tell you social media is a key to building a brand and a client base. tumblr is growing in users and staff. some of those hires will work in the creator 's unit which connects tumblr's most popular users with brands looking to develop new content. mary thompson is reporting from tumblr's headquarters in new york. >> 24 years old two years out of college, photographer sam kenn h
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canon has a client list of 30 companies, including the gap and universal studios. >> i don't think there is any way i could work for the brands i am working for today if i had started ten years ago. >> she credited success to tumblr, where she posted her work since high school. tumblr asked her to host fashion week boosting her career brands started to reach out to me. >> she worked with tumblr's creators union, a group launched last year to connect the sites artists and bloggers with advertisers looking to reach tumblr's millions of users. >> these creators are creating content for brands and powering some of the best advertising that we see on tumblr. >> while cannon sets her rates, the creators network make sure she gets paid and helps maintain her blog, generating business for tumblr by helping a small business expand. this year tumblr is expected to expand payrolls by 30%. some people hired will go to the creator's network, but the company is really focused on hiring more mobile engineers as well as account managers. in the social media space, the
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s.t.e.m. skills are critical for a lot of people, but in addition you need the management and administrative skills. those traits needed to help artists expand their business. back to you. >> mary, thank you very much. that is mary thompson. up next, which is more difficult, finding love or finding a job you love? website eharmony has been matching love interests for 16 years, but now it wants to match you with that perfect career, too. are you at risk for getting audited this tax season? an inside scoop on how the agency decides and steps you can take to avoid becoming a target. as we head to a break. here's how the stock market ended the week.
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doesn't just want to find your soul mate, now it wants to find you a job. eha eharmony is launching a job matching website called elevator careers and launches this weekend. neil clark warren is the founder and ceo. when i spoke to him this week, i asked if what works for dating can work for a job hunt? >> there are a lot of different dimensions on which people have to have a good fit in order to make a marriage work. there are a lot of dimensions that people have to have a good fit to make a job work. >> the last time you were here, dr. warren, you told me the most important fact in finding a compatible mate is making sure they had about the same level of intelligence. is it the same with finding the right job? >> there are different kinds of intelligence, but you sure want the applicant and supervisor to have intelligence that meshes at least, and they have a real sense of what they are driving toward with the job. intelligence is very important. >> what you are really doing is
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trying to find good matches with the employee and the people they are working for. how does that work? >> we're looking for a person who has a cultural perspective on life that really matches with the cultural perspective of the company. we have a 16-item list that we carefully monitor to make sure that that cultural fit is good. the second thing is, we want a person who really has the skills and experience to do the job the company wants done. that's key. we want an applicant and a supervisor and about the ten most key people around the applicant to really have a personality fit that works. you get those things, i'll tell you, you can have a relationship at work that's as good as the relationships we built in our 2 million marriages that we put together. >> the buzz word in workplaces these days is diversity.
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the argument is people have to see things differently to make sure they're not all following in lockstep and are yes men to so to speak. how do you match it up with the idea of being compatible? >> down at the center of diversity is a personality, a perspective on life that a person has. an applicant has that personality and a supervisor has that personality. it transcends all other barriers. >> let's get back to dating sites. eharmony has been a site that worked so hard to try to find people who will be compatible, and find marriage partners. what do i think of tinder which is essentially a hookup site? >> well, i'm sad about it. i'm terribly sad about it. they won't work. we almost ruined our culture in america by having a divorce rate that got up to 50%. it may be pretty high right now,
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it's just that people aren't getting married so often. so the divorce rate isn't as high. if you start with just moving left or moving right on the basis of something as superficial as looks and the way people relate to each other, you are making such a serious mistake. you are playing around with the most important part of your life. so we take a definite stand against doing that kind of thing. >> here, here. grow up, everybody. dr. warren, thank you for joining us today. >> i really enjoyed it. i really appreciate you. >> it's great to see you. up next, we're "on the money," taking some of the stress out of tax season. tips on how to lower your chances of an audit. strange success. how one woman turned a bad birthday party goody bag in to a multimillion-dollar business. ? making a cake! ayla reminds me of like a master chef and emiana reminds me of like a monster chef.
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uh oh. i don't see cake, i just see mess. it's like awful. it feels like i am not actually cleaning it up what's that make mommy do? (doorbell) what's that? swiffer wetjet. so much stuff coming up. this is amazing woah. wow. now i feel more like making a mess is part of growing up. stop cleaning. start swiffering.
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timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. that letter from the irs that you're being audited is the fear of nearly every taxpayer. while there's no way to guarantee you won't be a target, a few important steps can greatly reduce the odds. joining us with more on that is senior personal finance correspondent sharon epperson. this is a tricky time of the year. >> it is a tricky time of the year. a lot of folks are worried about getting audited. the good news is you don't have that great of a chance being audited. overall, less than 1% of
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taxpayers are audited. >> all right. >> but there are reasons you should worry if you make a lot of money. make over $1 million, 9 1/2% chance of being audited. >> are there other red flags to watch for? >> if you're self employed, that's another red flag to the irs. not because they think you're going to evade taxes, but because your return is more complex. the other thing to think about, it's great to make charitable donations. wonderful thing to do, but keep those receipts. if you make a large donation and don't have a receipt, that's another red flag. you can be hit. >> let's say you fall into one of the higher risk groups, what can you do when you file to lessen your odds. >> one thing you want to do is make sure you are as accurate as possible. e-filing can help that a bit but you really have to keep great records. another thing to consider is when you get a lot of different 1099s and perhaps w 2s, if you had a couple different jobs, know, as you said, the irs is getting those forms and their computers are matching that up.
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make sure your information is accurate when you put in that information. big mistake people make is putting all of their investment income together. break it out as it is supposed to be. >> the older i get the more the years blend together and now i start a file at the beginning of the year, and i jot notes down for everything i do at the end of the year for taxes. i can't remember. it is a great idea to writ down or find an app to organize it. >> why are audit rates falling? >> one of the things to consider is that the irs doesn't have as many people to go out there and try to get you. >> yippie! >> or the budget to do it. their budget between 2010 and 2015 dropped between $900 million. and they lost thousands and thousands of people. and about 70% of their budget, according to the irs commissioner, is actually employees. it is not like they have great systems they are upgrading to come and get you. that's one thing. but you still have to be diligent and really keep those records like you do. >> any last pieces of advice for people who are trying to rush in
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under the deadline? >> make sure you sign your return. whether people e-file or do a paper return, one of the biggest mistakes that people make -- and that's another red flag for an audit. just the simple things do and make sure you get that return in on time. that's april 18th for most people this year. >> why not april 15th? >> because of patriots day and emancipation day and we get another day. >> couple of extra days. we'll take it. sharon, thank you. up next "on the money" a look at the news for the week ahead. and a tattoo parlor with a twist. how one tattoo artist keeps her customers coming back again and again. >> are you ready? >> yes, i'm ready. west dog. mom didn't want another dog. she said it's too much work. lulu's hair just floats. uhh help me! (doorbell) mom, check this out. wow. swiffer sweeper, and dusters. this is what i'm talking about. look at that. sticks to this better than it sticks to lulu. that's your hair lulu! mom, can we have another dog? (laughing) trap and lock up to 4x more dirt,
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here's the stories coming up that may impact your money this week. on monday, we get factory orders for february, that's a read on how the industrial economy is doing. on tuesday, the nonmanufacturing survey comes out for march. that measures the strength of the services sector. on wednesday, the federal reserve will release minutes from the march meeting. on thursday, harry potter fans will be enchanted with the new theme park opening in hollywood. she's a graphic designer, a mom and now she's making millions from tattoos. but don't worry, the brooklyn-based tattoo parlor promises you won't feel any pain getting one of these. jane wells has more on an accidental success story. ♪ >> reporter: you're looking at the profitable result of a bad birthday party experience. ♪ these are temporary tattoos, but
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if tina roth-eisenberg has her way, you'll just call them tatlys. >> i don't really understand how i got here, but i'm loving it. >> she is a swiss born graphic designer that calls herself an accidental entrepreneur. >> ready? >> i'm ready. >> tina roth-eisenberg is based in brooklyn where she's launched three companies that started as side projects. ♪ >> show me your guns. there you go right there. ♪ >> reporter: but tatly has been her big of the and most unexpected hit. last year, she sold 2.6 million of them, bringing in well over $10 million, but the idea for silly tattoos was born out of outrage. >> it was in the spring of 2011 when my daughter came home from a birthday party and asked me to apply these incredibly hideous temporary tattoos on her arm
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that were in the goody bag. they were such an insult to my sense of aesthetics i thought i need to stop complaining about it and just change this. >> reporter: so she decided to fix the problem and reached out to artists and illustrators to make better tattoos. used her background in graphic design to build a website to sell them, and funded it with 15,000 of her own money, as a fun side project. two days after launching the modern museum in london called asking for her wholesale catalog. >> i got up, screamed and said what is a wholesale catalog and i literally googled wholesale catalog the next minute and got to work. >> reporter: five years later, tatly sells in 1,000 retail outlets and showed up at the white house easter egg roll. she gives artists a cut of the sales. >> my company needs to make the world better in some way. granted, i'm not going to save the world with temporary tattoos, but what i do is i support artists that try to make a living with their craft.
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>> for "on the money," jane wells, brooklyn. >> i'm not a tattoo fan but those are gorgeous and jane wears them well. roth-eisenberg says in a way she created a perfect tattoo because it is temporary. it's a product that needs to be replaced again and again. she created temporary floral tattoos that have a fragrance that go with them. here's the website if you want to check out more strange success stories. there it is. check it out. that's the show for today. i'm becky quick. thank you for joining me. next week, are tiny houses the next big thing? the growing trend to maximize efficiency while minimizing living space. each week, keep it right here, we're "on the money." keep it here and we will see you next weekend. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to
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hey there. we're live at the nasdaq market site on this sunny friday afternoon. the guys back here are getting ready. while they are doing that, here's what's coming up. >> money will always be paper, but gold will always be gold. >> and the gold chart is doing something very unusual. it could make you a lot of money. we'll break it down. plus could the success of the model 3 mean the end of musk at tesla? >> it's april fools somewhere. >> but this ain't no joke to tesla investors. we'll explain. >> and here's what u.s. stocks are doing to the rest of the world. but here's what could happen next. >> drago with a hard right hand and stuns rocky balboa.
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