hi, everyone. welcome to on the money i'm becky quick. retirement is something you need to think about. war ran buffet has done that already. advice from the world's greatest invest investor. >> the person you're talking to, your fees are their income. >> should restaurants be required to tell you exactly what you're eating? the plane truth about the airline industry. what people think when they fly and the first step, an amazing high-tech tool to help people that thought they'd never walk again. on the money starts right now.

we begin with a food fight. the fda delayed the implementation of a law that would require restaurants and grocery stores to display calorie counts on their men use the cry to scrap them all together isn't going away is it a case to make us healthier? >> 7% of adults in the u.s. are overweight with close to 40% considered obese. about a third of what we eat is confused outside the home. with more than 20 locations to clearly display food calorie counts it doesn't take into

account how different people operate >> at domino's, as we've heard there are 34 million ways to make a single pizza based on all the cross types, sauces and toppings that we offer. pizza hut has published that they now have 2 billion. >> the deadline for compliance was pushed off in 2015. 2016 and again this week, with a new target date set for may 7th, 2018. the fda says it wants to make the menu labeling rule more flexible while still providing useful information to consumers. and how do people feel about the calorie counts? >> i'm concerned about calorie content so i definitely like it. >> calorie is not the only thing i look at. i look at fat content, sugars, all kinds of stuff. >> i usually do low fat. >> joining us now is margo wootan, the director of nutrition policy at the center for science in the public interest. and jennifer hatcher who is the chief public policy officer and senior vice president of government relations for the food marketing institute. welcome to both of you. this has been a long-fought

battle. jennifer at this point your organization isn't fighting the way it had been in the past. what do you want with this legislation at this point? and what does the delay mean for your members at this point? >> the delay just gives time for the new folks over at fda to take a look at this and figure out a way to do it in a less burdensome manner. this was the third most burdensome regulation that the obama administration, under their own criteria, had in place in 2010 and we're really looking at flexibility. how do we do this, and make sure that we have an opportunity to correct an error, rather than going to an immediate gotcha situation. let us have one menu board or one way of -- one area for providing the information. rather than having to put it on every single item in the salad bar. those are the kinds of things

that we're really hoping that this review will allow fda to try to correct. >> margo what do you think about the delay? >> well, calls for flexibility are washington speak for providing less information to consumers in ways that are less useful. when she talks about putting all the information on one menu board, say that's up near the front of the store, that doesn't help you when you're trying to choose among muffins or items at the salad bar or from the deli. people need information right there, at the point of decision making. >> jennifer, i understand your point about how complicated some of these regulations are, but i also understand what margo's saying when i was pregnant recently i was trying very hard to make sure i was monitoring everything i was eating. i was surprised sometimes by things that i thought were healthy that weren't and vice versa. >> well, we're not talking about not providing the information. we're talking about providing it in a manner that is a lot more economical. that way we can put one board up that has all the information. we switch out items in a salad bar several times a day. and you have a ripe cantaloupe and want to put it in the salad bar, if the sign guy is not around, you can't do that.

>> she's talking about -- >> those are -- >> trying to change. >> she's talking about putting information in places where people won't see it and be able to use it. it's -- it sounds so practical to put it all together in one place but if it's up by the cash register and it's not next to the items, where people are making their decisions, what good is the information? >> although -- >> margo, i hear your point. go ahead jennifer. >> no, that's not what we're talking about at all. we're talking about one sign at the salad bar as opposed to 140. we really reduce the amount of food waste in a grocery store and the way we've done that is by taking items from the produce department and cutting them up and putting them on the salad bar. >> that's already allowed under the current rule. >> no it's not. >> yes, it is. >> that's under the commonsense nutrition labeling act that passed the house last year it is allowed and that's what we're trying to do. is let's have common sense

nutrition labeling. let's have a sign with all of the information so that we're not dinged if we have a violation. you know, the difference between, you know, how many calories are in lettuce or shredded carrots is, you know, is not going to be the kind of thing. we have five calorie threshold that we can be off on this, and to be within the five calorie threshold for any of those items under 50 calories, there's going to be mistakes. >> are your members doing their best to make sure that they're getting something up in the stores to this point, even if it doesn't necessarily meet the eventual guidelines? >> yes. >> what are they doing? >> you'll see a lot of calorie counts already up in grocery stores. if we were talking about menus and menu boards we'd be in a totally different environment. this rule was written for chain restaurants and menus and menu boards. then it was expanded but it wasn't defined in a way that works in a supermarket environment. >> that's not -- >> -- for supermarkets and convenience stores, as well, and restaurants also have foods on display. they have baked goods just like supermarkets. they have salad bars.

and why are the restaurants able to label their salad bars and yet the supermarkets are whining that it's impossible? >> well, they don't change out the items in the salad bar and they don't source them from the store. >> sure they do. >> margo will these rules be implemented next year? >> what i'm most worried about are the things that the supermarket industry is lobbying congress for that would really weaken the rules and would mean that people wouldn't have information right at the point of decision making. in ways that are easy to understand, for sensible serving sizes. >> jennifer, will we see these rules imletted next year? >> we're hoping that we're going to get some flexibility and get something in place. >> ladies i want to thank you both for your time today. we do appreciate it. up next, it's been an ugly few months for the airlines. we don't need to tell you what's been going on. but now they've got a report card from passengers. and the grades may surprise you. and later, warren buffett's simple plan that can help build your retirement nest egg. right now a look at how the stock market ended the week.

after a gain of 0.1% in march. department stores were week. people were still spending but their buying habits are changing. retail sales are closely wachd because consumption makes up more than 2-thirds of the u.s. economy. stocks fell as weak retail earnings reports pushed the market lower. although the nasdaq and s&p 500 hit new highs earlier in the

week. the producer price index rose by 0.5% last month ahead of expectations. the ppi measures changes in prices that u.s. companies receive for their goods and services. the increase is a sign of inflation and a sign that inflation pressures are building. if you want a tesla now you can have one on your roof. sort of. the company's ceo elon musk says tesla will begin selling and testing solar roof tiles in the united states this summer. musk says the tiles will be lighter, cheaper and more durable than the typical tiles. a new survey says travelers in america are happier than ever with the airlines that they're flying. that may surprise you. it definitely shocked me given all the incidents we've seen in recent weeks, showing travelers getting dragged off a plane, arguing with flight attendants and even having fist fights. phil lebeau has more on the disconnect between what we're seeing and what we are actually experiencing when we get on a plane.

>> oh, my god! >> the videos are shocking. from a passenger being dragged off a plane, to a flight attendant arguing with a different passenger. to a fist fight in the terminal when flights were canceled. the airline industry has become a punching bag. it's so bad, congress has called airline executives to capitol hill and is threatening to impose new rules to protect customers. >> seize this opportunity, because if you don't, we're going to come. and you're not going to like it. >> reporter: you would think americans are just as fed up with the airlines. but guess what? they're not. >> i mean, things aren't happening as frequently as maybe the media portrays them as. they make fantastic video for television. but that's not the average experience. >> reporter: michael taylor oversaw the survey of more than 11,000 travelers. and he says airline satisfaction in america is at an all-time high. >> well our survey tells us since 2006 airline travel has been a more satisfying experience. >> reporter: a big reason people are more positive about flying is because the average ticket price has dropped to $349 round

trip. down 8.5% in the last year. at the same time, airlines are at or near record highs when it comes to landing flights on time. or making sure bags get to customers on time. add in the fact that airports are doing a better job adding amenities and making security screening less of a hassle, and you see why many travelers think the airlines are doing okay. >> it's better than it used to be. there are times that, you know, you could be a little unhappy about the service. but it's not bad overall. >> i think security, that's usually the thing that's on people's mind first and foremost when they get to an airport. they want to get through quickly and i think overall that's been pretty positive for me. >> of course i always fly southwest, almost always, and all i've heard about them is good stuff. >> reporter: while this j.d. powers survey of more than 11,000 travelers is encouraging for the airlines, the industry still has a ways to go in order to catch up with other industries. in fact, becky, the airline

industry in terms of how it treats customers still ranked behind rental car companies, the hotel industry, the leisure industry, leisure and hospitality industry, so they're improving but still have a ways to go. >> phil, they clearly didn't survey me when they were asking people what they thought about these things. i guess part of it probably is what airline you're flying, which airport you're flying through. >> yeah. >> those are very different experiences probably, for people. >> correct. and it does depend on where you're flying. but for the most part, and i do a lot of flying, i know you do, too, becky, but for the most part if you get to where you want to be on time with a relatively courteous staff, and it's never going to be a dream experience. >> no. courtesy goes a long way. >> people say it's okay. >> courtesy goes a long way. in terms of them being on time they've all padded their arrival

times at this point. >> correct. >> to where they were a few years ago, too. it used to take 2 1/2 hours to get to chicago, now it's 3. everything's been padded because they know things are slow and that's not all entirely the airlines' fault. a lot of that is just the transportation, system, the tsa is slowing things down and we need a better system for tracking all these flights. i get all of that. but, courtesy does go a long way. >> you're right. >> phil, thank you. >> you bet. up next, we're "on the money," warren buffett has some advice for your retirement savings goals. what to watch and what to ignore. keep buying it through thick and through thin and especially through thin. ay odors... ...for up to 30 days smells nice... breathe happy, with new febreze.

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warren buffett is the cho of berkshire hathaway, the world's second richest man, and one of the most successful stock market investors. when i sat down with the oracle of omaha earlier this week i asked what makes the most sense for people right now when it comes to saving for retirement. >> i think it's the same thing that makes most sense frankly all of the time, and that is to consistently buy an s&p 500 low cost index fund. keep buying it through thick and thin, and especially through thin. because the temptations get -- when you see bad headlines in newspapers, maybe to say well maybe i should skip a year or something. just keep buying. american business is going to do fine over time. so you know the investment universe is going to do very well. the dow jones industrial average went from 66 to 11,497 in one century, and since that century has ended, it's more or less doubled again. american business is going to do

well. the trick is not to pick the right company, it's to be -- because most people aren't equipped to do that. and plenty of times i make mistakes. the trick is to essentially buy all the big companies through the sfund and to do it consistently, and to do it in a very, very low cost way. because costs really matter. and investments, if returns are going to be 7% or 8% and you are paying 1% through fees, that makes an enormous difference in how much money you have on retirement. >> at the annual meeting for berkshire hathaway this year, you introduced a special guest to the audience of 40,000 shareholders who were watching. it was jack vogel. why did you want to recognize jack vogel? >> i think jack vogel has done more for american investors than any other person connected with wall street or the investment process. because with a number of other

people we came up with the idea, he wasn't the sole thinker behind it but he was the guy who implemented it and crusaded for now trillions of dollars in low cost index funds. most people are going to have better lives, better retirements, their kids are going to inherit more money because of jack vogel. >> there are a lot of people who look at the 401(k) options and they'll have 10, 15, even 20 different funds that they can invest in. why shouldn't they take that rather than an s&p 500 index? >> well, you'll do very well with an s&p index. and don't let them talk to you about other index funds and say, you know, you have to have foreign or maybe you can pick a better industry. you'll almost always find it comes with bigger fees. and just remember the person you're talking to, your fees are their income. and it leaves your pocket and goes to them. and you better get something for it. and you really don't get it in an investment management. >> people make a lot of mistakes, and you've made some

mistakes over the years, too. what are some of the mistakes you've made and how have you learned from them? >> one certainly is leverage. borrow money against stocks is a terrible mistake. and you don't want to sell stocks at the wrong time and you won't have to sell stocks at the wrong time unless you owe money against them. but i have seen more smart people that have been ruined by leverage than in any other way. the second thing is you should have no illusions that you or your next door neighbor or in all likelihood the investment person you're talking to can either time the market, or pick individual stocks that will do better. sure some are going to have better than average just by the fact that you flip a coin, some are going to call heads, some are going to call tails and one or the other will be right at that time. but you do not want to ever get the impression that you can pick stocks, timing that you can listen to what the federal reserve is supposed to do or what some political candidate says or anything else and that that will enable you to have an edge in the stock market. it just doesn't work that way. >> warren i want to thank you

very much for your time and for your advice today. >> thank you. up next "on the money" a look at the news for the week ahead. and it's not science fiction. robotic legs are here, helping real patients learn to walk again. she looks years younger than she should. is it dna or olay? new olay regenerist helps take years off your skin age so you can look younger. who needs dna when you have olay?

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association of home builders releases its survey measuring the strength of the housing market. on tuesday president trump begins two days of meetings in washington with turkey's president erdogan. thursday is the fifth anniversary of facebook becoming a public company. and who ordered a pizza? you should on friday. in honor of national pizza day. or, in our house, every day. the ability to stand and walk is something that most of us take for granted. but for a person who has suffered a stroke or spinal cord injury they often lose that precious gift. now a new fda approved wearable robot is helping some people actually walk again. tom looby is the ceo of ekso bionics, the maker of this device. thank you so much for being here. >> great to be here. >> we can look at the device. there's one just over your shoulder and we've got some video of it, too. how does it work? it looks like it's something straight out of the movies. >> so it's an exo skeleton and you can put on the strap like a

back pack, you strap legs in, it's used as a tool for physical therapists. it has four motors in it and dozens of sensors. those read what a person can put into a step and only helps them complete that step. so it's a tool for rehabilitation. you're not putting it on to go for a ride. it's a very important innovation that we're trying to deploy in to rehab. today's standard of care is relatively difficult. patients lie in bed for long periods of time before they can be safe to be put upright. and then often, up to three physical therapists support that person and then manually manipulate their legs to take those first steps. we can get them up and walking sooner, in a safe way, and create many more high quality steps which is going to help them with the capabilities when we deliver them to the home. >> if it helps them learn more quickly to walk, does it reinforce because you're getting up more quickly? are you more likely to eventually make a better recovery? >> that's what our goal is to demonstrate that upon discharge we can, you know, send them to the home with a higher degree of

capability. we do this through repetition. it's like weight training. it's like training there are a sport. repetition is what matters in rehabilitation. >> is there a point where this would be affordable enough, or small enough, or easy enough to maneuver that someone should take one of these home with them and actually use it? >> there are 19 million people in the united states who are mobility impaired for stroke, spinal cord injury, a host of other diseases and injuries, and yes, we think that exo skeletons will help in the homes. the devices have got to be less expensive. more capable. and certainly safe to deploy them. and then behind the science we're making the next generation for home mobility so that you can realize that dream. >> right now is it covered by insurance when they cover my rehab? >> it's covered in the clinic. what we want to do is work on enhancing that reimbursement because it's high technology. we think that the outcomes are there. we need to go and demonstrate that with larger patients so they can cover those things with additional coverage. >> how did you come up with this idea? >> our innovators did it ten years ago, actually, we took some early patents out of the university and then worked on

many military contracts. so, there's a large patent portfolio that ekso bionics has. we're deploying it in two markets. the health care market and we also have exo skeletons for workers on construction sites and the assembly line. >> tom, thank you very much for coming in and sharing this with us. >> thank you, becky. >> that's the show for today. i'm becky quick. thank you so much for joining us. next week, whether your retirement living plans include relocating or remodeling we're going to tell you what to look for and what to look out for. every week keep it right here, we're "on the money." have a great one and we'll see you next weekend.

>> welcome to "options action". dan and i are back from a crazy neat in vegas. we are getting ready for another crazy night at the nasdaq marketplace. here's what's coming up. >> snap out of it. >> that's what investors at snapchat hope shares can do. if you lost money, we will show you how you can get it back for free. >> plus -- >> mom, dad, it's evil! don't touch it. >> that's what the chart master is saying about what else rallied this week. he'll tell you what's in the charts that's so disturbed. and -- >> i just sold amazon on the call. >>