tv On the Money CNBC February 3, 2018 5:30am-6:00am EST
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hi, everyone welcome to "on the money." i'm becky quick. what happens in vegas may not stay if veg. who taking a gamble on legalized sports betting big ideas a global epidemic from bill gates. and keys to a long life, no matter where you live. >> if you're married, you do better if you have a dog, you do better >> why the quarterback is is not playing in the super bowl. and the one who appeared on the
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biggest loser train lost his life wasn't enough appears the lesson he learned on the money starts right now >> people are expected to spend $5 billion according to the gaming association other states are seeking a piece of the action and, of course, the profits. gambling on games is this week's cover story. right now you can only place a sickle game sports bet legally at a casino in nevada. that could change. the judge is considering turning over an act that's a 1992 law that prohibits states from authorizing sports betting nevada was excluded including three other states that had some form of legal sports betting wagered in but in the 25 years, public opinion has flipped. a "washington post" poll shows
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they favor making it illegal the supreme court is expected to rule on that challenge by this summer while all four major sports leagues soon to stop new jersey's plan, there is evidence that opposition to gambling is shifting andrew schiff says it should be brought out into the sunshine where it can be appropriately monitored and regulated. could sports betting arrive in your state later this year jeff freeman is the president and ceo of the american gaming association and les bernall is with department of gaming. let's start with you why do you think it's easier access to gambling >> i think the fact is americans are already spending about 1$150
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billion and 97% of it is happening illegally. it's happening in all corners of the country, with bookies, with offshore markets because of the laws in the united states, the only people who can't provide sports betting are legal regulated companies who can protect consumers in the process. >> les, why do you think it's bad idea >> what mr. freeman didn't mention is in 2016 americans lost $117 billion already to state sanctioned gambling schemes, and adding, you know, sports gambling which would be online sports gambling in people's homes, and it would worsen the distribution of money coming into the country.
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>> geoff, do you have a response >> we say legalize it. it's going on anyway they're spending that money at ball game, a broadway play, or a casino, we should leave it up to them. >> les, why you do think it is >> the reason we're having this debate is you've had high gambling interests with professional sports team owners who are billionaires along with a few politicians pushing this the state of new jersey where this court cass has emanated out of, in 2016 quinnipiac university said that 62% of new jersey citizens thought gambling has not been good for the state. this is not something people are pounding the table for. >> geoff, let's talk about super
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bowl weekend last year $138 million was spent on wagering illegally. how much more money you do think would be gambled and taxed if it were legalized >> yes about $4.6 billion will be wagered illegally across the country going these offshore operator, bookies, or other entities like les, we share a concern with people who can't gamble responsibly. >> what do you do? >> we provide countless resources to help those individuals. we spend more than $3 million a year to help with responsible programming. i think it's a bit pol polly ane
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situation. remove yourself from the casino, remove yourself from the business we'd support that. >> geoff and les, i want to thank you both for joining us. this is a conversation that will continue. >> thank you, becky. >> thank you now here's a look at what's making news as we head into a new week in "on the money. the economy added 200,000 new jobs that was better than expected. the unemployment rate was steady at 4.1%, the lowest since 2000 health care and manufacturing still strong wages increased by 0.3%. can you say volatility that ooh's a word that the stockmarket is learning this week the dow dumabled in triple digits after a dismal day on tuchltz the nasdaq following a similar pattern, as did s&p 500. much of the movement on concerns about rising interest rates.
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as expects, the federal reserve kept the fed fun target steady this week. the fed is expected to increase rates three or four times this year the meeting was fed chair janet yellen's last. from hartford to houston, police across the country are facing a growing problem the lack of manpower is made worse and that has an impact on how first responders do their jobs our kate rogers went on a ride-along in houston to see the shortage first hand. >> you have to go an extra step to shake a hand or say good morning. >> reporter: he was born in houston. he decided to answer the call of service in his hometown. >> i love serving and giving back and i wanted to do that the city level. >> reporter: but working in a
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department that is 2,000 short has put a strain on the staff. >> you have to take the calls by priority level that's all you can do. >> reporter: the officers has been deployed officers and changing recruitment techniques. offering shorter training with those with experience. he also personally works in the community to foster relationships with minorities. >> be the change you want to see. if you think things should be different, come on and join the ranks. >> they're losing an average of three per month. all around, departments are trying to do things, they're looking at tuition reimbursement, partnering with the military, high schools, and colleges, to get new people on board and get them while they're young. they're looking at drug policies
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who might make good officers today. they're doing all different things to keep good talent on the force. back over to you. >> kate, thank you very much up next, we're "on the money." how billionaire philanthropist plans to save lives in some of the toughest parts of the world with very simple solutions good thing the super bowl is going to plain doors the bad news for the players, they'll be leave more of their hard earned cash behind. we'll explain why. right now take a look at how the stockmarket ended the week
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careers on very different paths, but these days these two are on a similar mission, fixing health care issues on a growing scale, everything from improving vaccines to improving rates. >> there's great things going on in health. there's new tools as we get digital tools into the system. is that going to be one of these things that doesn't make a difference where should we try that out india is increasing what they spend on health, so it's a great place to learn and when we get things in india, we'll often take them to africa, getting the personnel to do the right things clearly we've seen in many cases you can cut it in half by good practices. just keeping the baby warm, which they call kangaroo care, if you know the kid is getting cold, and will maybe have a sticker that turns red, if you know they're getting cold, put
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them on the mother's shoulder and hold them and then their body temperature will go back up so a lot of it is not expensive stuff, and yet, you know, trying to get it deployed in the toughest places in the world. >> each of you are just innately curious about this and you want to find the answers. this is something you just think about all the time, right? >> 94% survive we have a 20-plus year difference in life ex-peck tansy whether you live to your early 60s or 80s, depending which city you live in and your income. >> it's interesting. if you're married, you do better f you have a dog, you do better. income and race, it's pretty disturbing those gaps are so large. >> what do you believe is a good way to tackle the ignorance of
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people who are against vaccines? >> we've seen the recurrence of diseases that have wiped out before, whether it's measles or mumps coming back, a condition that when i was a child and mumps vaccination wasn't there, i ejded up with encephalitis and nearly -- well, i was in a coma for three weeks. that was my one thing that could have killed me early on in life. among them, the most dramatic effects on life come from vaccinati vaccinations, we have to keep remeenldsing people, say it, pointing out, when we take it away, this is what happens >> bill, can you tell us a little bit about the announcement you came out with this week on malaria >> malaria is still a tough disease in almost half the countries in the world we have two things we want to achieve. we want to keep getting the cases to come down, they've come down by 60%.
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and we want to shrink the map and do country eradications. our big project here was a $180 million project that would take the tools to central america it would give us the understanding and credibility to eventually go after malaria where it's most intense, which is ee q is africa. i'm becky quick and this is "on the money." later, being healthy isn't just about eating right and exercising some pretty important factors you may not have considered. these birds once affected by oil
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well, whether you love tom brady or hate him, here's an interesting super bowl fachlkt win or lose, he's going to be bringing home less cash compared to jimmy garoppolo why is he bringing home less explain this. >> it's called a jock tax. they tax them for working a few days in their state and minnesota is near the top of the nation that tops out at 9.85%.
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>> this is interesting they consider their entire annual salary and prorate it for the number of days they worked in that state, but the definition of working, it's not just sunday game day it includes practice time, media playerability. that could be seven or more days for these super bowl players let's say a player makes $20 million for season, they work 200 days that's $100,000 a day. if they're in minnesota for seven days, they're going to get tagged at seven days that's more than the $56,000 they would even get for appearing in the super bowl. the best bet would be to get the money without showing up he's going get $56,000 anyway because he was on the team most of the year. he already got traded. he got sold.
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so they're basically playing for free and losing money and it's complicated because they pay taxes to many years and have to figure out many credited you can lose even when you win the longest arm, it's not the players. it's the long arm of the minnesota tax man. >> how does minnesota keep getting super bowl if i were the players, i would petition the nfl to not have me play there. >> it would be nr any state. it's any game. if you're on the giants and you're going to visit minnesota and philadelphia and atlanta -- >> you have to pay every one of these jurisdictions. >> but it's the only place you're going to lose money playing there. >> california is pretty high too. the key is you've got to win if you lose the game, you may not be making enough money but if you win, you get $112,000. >> well, good. then you can pay your tax bill
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the services sector. on wednesday we'll see how much debt americans are holding when the consumer credit report hits. and then get ready to see what will be in style when new york fashion week kicks off on thursday on friday, the winter olympics opening ceremony will take place in pyeongchang, south korea, and it will be the day apple will be releasing its home service device. you may know bob harper as the trainer and host of nbc's "the biggest loser." but 2017 was the year bob harper changed his own life after suffering a massive heart attack last february, he's reconsidered his health regimen. his new book is called "the super carb diet. bob, thank you for coming. >> thanks for having me. february 12th will be one year. >> the first thing i thought is how does this happen to somebody who is so health conscious --
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con sheehan shouse and so careful about what he neats and exercises. >> i know. i will say this. the silver lining i guess is so many people that are fit that look like you have been going to their doctors faster because of what has happened to me. it turned out i had a genetic issue that i didn't realize i had, and so many people realize that you can't just look at your health from just the outside you have to go from the inside out. >> your first symptom was you got a little lightheaded when you were doing a workout. >> yeah. six weeks prior to my heart i tack, i had these dizzy spells and fainted in a gym in los angeles. so these dizzy spells were occurring and i started to adapt. i figured out ways to get around that feeling and that was my biggest mistake. i should have gone to the doctor immediately. >> you didn't have any pains in your arms or anything?
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>> no numbness, no headache, none of those, no chest pains. i went -- when i was in the gym, i went down and not only had a hearst attack but then immediately went into cardiac arrest. >> you died. >> i died. >> and they brought you back. >> yeah. luckily, it was the fast action of my friend in the gym, the coach, and there happened to be a doctor in the gym that day who wasn't even a member he was there for an event. it was like all these forces came together and brought me back to life. >> god bless since that day, you've changed your life and diet pretty drastically. what have you done >> i used to have more of a high protein, high fat diet now my diet is very much more balanced all three macro nutrients, proteins, carbs are on my plate every single time i eat. i think carbs have gotten a bad rap in the world cut the carbs to lose wachlgt
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you can do that but so many people can't sustain that. >> what are the carbs? >> complex carbohigh democrats whole fruits, vegetables there's so many pastas out there that are so good for us. chickpea, red lentil, quinoa i want you to stay away from white starchy carbs. >> carbage. >> like chips. >> not all carbs are created equally. >> that's correct. >> you talk about other things that play into this including stress management and sleeping. >> i have found that stress management is the number one key to everything in relationship to a healthy diet -- or a healthy lifestyle. if you're stressed out, you're going to be more likely to make bad food choices you're not going to probably
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work out your sleep will be affected. everything kind of falls like a house of cards it's like manage your stress in any way you can. >> bob, i want to thank you very much for being with us, sharing the book and congratulations. >> thank you very much. >> it's bob harper and the book is all called "super carb diet." that's our show for today. thanks so much for joining us. next week would you get behind the -- hey, wait a minute where tess's the steering wheel? we're going a step beyond self-driving cars. is it a good idea or not so much anyway we'll check it out next week have a great week and we'll see you next weekend with "on the money.
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live from the nasdaq market site, you're watching "options action" on the wild day for stocks the dow closing 666 points of on a percentage basis it wasn't as bad. s&p and nasdaq also reeling. the s&p falling 2% for its worst day since september 2016 the vix surging to its highest level since the election we will have more on how to protect yourself later on in the show we start out with the biggest star in the market apple falling out of favor, sinking 4% officially speaking, a
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