tv On the Money CNBC July 21, 2018 5:30am-6:00am EDT
5:30 am
the money," i'm becky quick. the last straw, the trick that may keep our water cleaner dealings for drivers and how to save money if you are renting a car this summer. best budsies. and it is in the a bridge too far or high, the job with breath taking views and risks. "on the money" starts right now. this is "on the money," your money, your life, your future.
5:31 am
now, becky quick. we begin with a small thing stirring up a big controversy, plastic single-use straws replacing plastic bag villains more cities and companies and restaurants banning or phasing them out pulling straw as this week's cover story. >> reporter: as the slanted door in san francisco, handing out paper straws >> one-use plastic is is not a good plan for us. >> i think banning plastic straws is a tiny thing. >> reporter: they are not alone. consumers, cities and companies across the nation and world are yielding to calls to replace plastic straws with eco-friendly
5:32 am
options. bans are already in place or being debated in states like california and cities from new york to seattle where a band took effect earlier this month just last week, starbucks uses 2 billion straws a year, said they will eliminate all plastic straws by 2020. >> mcdonalds phasing out the straws in u.k. and ireland. >> as plastic straws fall out of favor, the top contenders are paper, metal and glass straws. >> pt strawland -- paper straws are another top alternative contender. its sales went up 5,000% in the last two years and glass straw,
5:33 am
straw some, humming bird, they cost more to make. one plastic straw costs less than a penny and 6 cents per paper straw and 50 to 60 cents for glass straws >> some companies and consumers say they will swallow the extra cost. >> we are more than happy to pay it for the good it does. >> there are challenges. paper, we let this one sit in water for a while, i can tell you from feeling it, it has become soggy starbucks will be relacing theirs with a recycleable sippy cup type lid. >> so folks, is a ban on straws a big step in reducing plastic
5:34 am
pollution. thank you are become here. >> maybe i'm behind the times, i didn't hear how bad straws were until february and all of a sudden it's a tsunami that nobody wants straws, what happened why do we focus on this? >> because it is something that we don't need most of us in our daily lives. so it is easy to eliminate and a great way to start a conversation on single-use plastic. >> the plastic water bottles specifically they take up a lot of space. >> but straws are one of the top five items found in beach clean up especially what ends up in the ocean. >> let's talk about that that in particular, how plastic
5:35 am
is going to outweigh the ocean. >> by 2050, we are on track to have more plastic than fish in the ocean by 2050. >> plastic bags, some countries have taken that on chile recently banned them. >> in the u.s. it is happening city by city and we have something i never thought would exist, a plastic bag lobby fighting the local attempts to reign it in. >> and disabled people, there were concerns when stur bucks announced they were going to phase it out. >> what if i'm someone who needs this. >> it there's lots of ways to address that challenge new york is considering a ban on
5:36 am
disposable straws and an exception who needs ones who requests one for a disability. you can get rid of 99.9% no reason to make that something that is a burden to the disability community bottles and all of these other things we need to deal with. >> if somebody is watching from home, what can somebody do to help out >> so much individuals can do. carry a water bottle the same with utensils and straws and choosing natural fabrics when we wash fleece or spandex pieces of plastic. ending up in the hudson river washing out in the atlantic. >> cotton, linin, silk, wool
5:37 am
we need to go back in time a few decades. people were not using plastic straws until the '70s and same with bottled water we invented a material that lasts forever and throw it away every few seconds. >> the united states is the biggest polluter and china has more people than we do and they are a bigger polluter. >> we don't do much about it, but china is stepping up china used to import our trash and figure out how to get rid of it so china said they are no longer accepting waste from other countries, so there is no away now. >> up next "on the money" from doodles to dolls, bringing your
5:38 am
5:40 am
5:41 am
ruling. the dow and a five day winning streak the nasdaq lower as well and set a record earlier in the week and stocks continue to fall on friday sales rolling solidly and climbing half a percent in june. motor vehicle sales up and consumers make up two-thirds of the economy. some of the retail sales went into jeff bezos' pocket. the wealthiest man in the world by far $151 billion this week and fluctuates daily that's a new record for an individual's breath. whether it is a blue fire-breathing dragon or unicorn, kids drawings are --
5:42 am
budsies creating custom toys inspired by your children's heart work i have kids so i was thrilled to hear this especially when i see how nice the products are. explain how it works and how you came up with the idea. >> sure. i have a little sister, michelle and had this red pig she would draw over and over again weird snout and crazy antenna and she loved it and her friends loved it we made 63,000 now the customers go on the website and upload a picture of their child's drawing, and we bring it to life, it is like magic. these kids, pop open the box and see this creation brought to
5:43 am
life and it is like mom how did you do this? >> is it high-technology at work or a website where people behind the scenes hand making and sewing them. >> they are hand made and sewed, and to the customer t is simple. it is a website, they upload the photo and they are set, on the back end so much work. >> we have budsies and selfies and wag-a-bowls. >> then we got into selfies. you make a selfie and a selfie as the name applies, you send a photo of yourself or your spouse and we see this for long distance girlfriends and anniversaries and the military if a mom or dad serving over
5:44 am
seas, their child can hug them and you set us a photo of your dog, or cat, horse, and we hand make a custom stuffed animal, these are hand brushed, every detail on this stuffed animal has been made by hand and air brushed to match your pet's markings. >> that does not sound cheap. >> the petsies $199. >> the budsies at $99 and the selfies $79. and three to six weeks depending. >> i'm sure they give you great feedback. >> each plush has a unique story behind it. it is a heart-warming experience on the petsies side.
5:45 am
they get a childhood pet and they break down in tears for selfies, a lot of the stories and budsies, the children with awe tich, they express themselves through their art and they see the characters brought to life and the customers upload the photos and videos on facebook or instagram and it is an emotional experience for each customer our team love it is. up next, we are "on the money," if you are road tripping this summer, hidden fees can slow you down. tips on hole you to save money later it is one of the most dangerous jobs in the world where every step you take can be your last.
5:47 am
happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. yothis july 16th - 22nd, enjoy wa free week of epix on us.ou". just say, "epix" into your voice remote.
5:48 am
that's a full week of all-you-can-watch critically acclaimed shows and hit movies, on your tv, online or on the go with the xfinity stream app. we're on to something. come on. and it's all on us, and it's all week long. so you should probably start canceling your plans. you've got some serious watching to do. travelers and the summer road trip in overdrive if you are planning to hit the road and renting a car, play attention to hidden fees cnn correspondent joining us on what to watch for. by the end of it it is double. >> you love that price for the economy car and then paying on average $60 or more.
5:49 am
the issue is a lot of people know about the gas game, they know that it makes more sense to bring the carefuled up already when you return it and agree to that up front. they get hit with insurance, get the car at the airport, fees attached to that and the one that is getting a lot of people is to charges. not having your own transponder. and using the one -- and the biggest is insurance. >> you don't know. is it beneficial to many e to get theirs call your car insurance company, you're already covered for a rental car under the regular car insurance. call and make sure look at the card you are using
5:50 am
to rent the card that credit card may cover you as well. visa or american express, will cover you for up to $50,000. >> that's $25 a day or more and globally, they will offer you insurance and the big one is the collision damage or lost damage insurance that they are going to try to get you with. >> you mentioned something about airport fees. >> it costs you more there and there's a connivence charge. they are charging that to the rental car company and the rental car company is passing it onto you. >> it is the karcar rental place >> the tolltransponder if you are in another state, they are going to get your license plate and then the
5:51 am
car rental -- so the best rule of thumb is to bring your own if you can. avoid the toll roads and use th map apps and bring cash for the few that have the cash tolls. >> so the other thing you need to do is look for any discounts. you don't want to pay the $60 a day and if you are a member of aaa or cost co or bjs or retail me not or whatever, get a discount also make sure that you don't sign up for or know of the fees they may charge you and avoid those as best you can. >> thank you, sharon up next "on the money" a look at the news ahead and
5:52 am
5:54 am
5:55 am
strength of the service -- tequila day, margarita anyone? durable goods report on thursday then on friday, the first reading of the second quarter gdp, the broadest measure of the size and scope of the economy. the george washington bridge, one of the world's busiest crossing, making sure the bridge is safe is a full time job, not easy nerves of steel and sheing us what it takes to be a bridge painter. >> part of a brave crew that works year round making sure it is operational. >> some people say we're crazy >> everyday they wave in and out
5:56 am
of steal mazes, painting the rusted steel while hundreds of feet in the air. >> the margin for error is small and this bridge is heartless and unforgiving. the crew bos helping to maintain the sturucture for 22 years for us the prospect of something catastrophe, why did he accept the risk >> the job was available and steady work and good paying. i wanted a house and wanted to get my daughter through college. the average bridge painter started at 31,000 and tops out at 71,000 and more than 9 million square foot of paintable surface. these guys have the ultimate job security. >> there is always something to do here. >> getting use to the conditions
5:57 am
up here is not for the faint of the heart. >> not too many people can do the job and us that do it take a lot of prize. >> applicants must prove they have nerves of steel first. >> we want to make sure you are qualify to handle the heights, we can't teach that. >> step two, a stomach churning walk over the see through grates with traffic wizzing below and then the final test like walking the plank. start at that side and walk across the beam to the other side. >> this is what they see from up there. a sight that would paralyze most people with fear no crying or throwing up yet a few people that make it out of the elevator if you can get past the fear, even the world's corner offices don't have the view like this.
5:58 am
i have the jersey line on one side, new york on the other side, beautiful river, it never gets old. >> for "on the money," i'm morgan brennan. >> no crying and throwing up, i never tried that they deserve all of the credit it opened to the public in 1931 and finished eight months ahead of schedule and costs less that is the show for today i'm becky quick, thank you for joining us next week a new trend amongst millenials looking for a job it's not a good one, look out. each week we are here with "on the money. we will see you next week.
6:00 am
hey there, the guys getting ready behind me and a look at what is coming up next >> million dollars isn't cool, you know what is cool? >> making three times your money in less than a month going into earnings breaking it down. plus -- biotech breaking out. just like that and chart master carter worth and gains to come we'll give you the set up. fast food stops on fire except one spp here is a hint. >> big mac a
124 Views
1 Favorite
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on