hi, everyone welcome to "on the money." i'm becky quick. steeling your wallet for a trade war. what tariffs could mean for your money, retirement savings and the economy. accepting the challenge. why successful organizations need people who don't just say yes to the boss. how to save when you buy and own a car. keeping your costs down, even if your mileage is up. and the company that allows time off if you get a new family member, but we are talking about the four-legged variety. what exactly is paw-ternity, and is it going too far? "on the money" starts right now. >> announcer: this is "on the money. your money, your life, your

future now, becky quick we begin with the trade war and your money on monday, new tariffs on $200 billion in chinese goods will be imposed, and that could have an impact on the prices that you pay on all kinds of things at stores one company affected is polaris industries, which makes atvs or all-terrain vehicles our brian sullivan went for a visit at a plant in huntsville, alabama. tariffs and trade-offs is this week's cover story. >> reporter: at the polaris manufacturing facility here in huntsville, alabama, assembly lines are humming as production of its ranger off-road vehicles continues nearly nonstop but as good as things are now, there are concerns that a trade war and tariffs could slow things down. because even if a company like polaris wanted to source everything from american companies, it likely can't some of the steel and aluminum parts that go into each of these has to be sourced overseas they simply aren't made here and if those parts come from china, well, the tariffs add at least another 10% to their

costs. ceo scott wine says that the combination of the two tariffs and domestic price increases have made things more expensive, and he's worried about the impact on sales. o buy a reasonable amount from china, and there is a 10%, now, going to 25% january 1st, tariff on all the goods that we import from china, and that's driving up the cost of our vehicles, and ultimately, over time, as our prices go up, reducing demand. >> reporter: any of these rangers and polaris products that are sold into china are slapped with their own 40% tariff there, so wine agrees with the president that china is not playing on a level field and a new trade deal needs to get done he just wants it to get done quickly. >> go fast just get this done quickly the opportunity for america to be better off on the other side of this is great we need to get to freer and fair trade as fast as we can. >> reporter: companies like minnesota-based polaris have made alabama a manufacturing success story, but the state's

manufacturing base is also home to major companies based outside of the u.s., like mercedes, hyundai, and honda, who employ thousands of alabamans much of what they make is sold to china alabama republican congressman mo brooks supports the president's agenda but wants to make sure that his manufacturing base in alabama stays strong. >> anything we can do to try to force more of that manufacturing in the united states of america, the more you're going to see these foreign automotive countries decide to operate in manufacturing in the united states of america, rather than in their home countries. >> reporter: polaris is doing what many other companies right now are doing to offset higher costs, eating some of it themselves, passing along others in the form of higher prices right now, the american economy is strong enough to withstand it, but polaris, and no doubt, other u.s. manufacturers, are hoping that this trade fight doesn't become the very thing that slows it all down for "on the money," i'm brian sullivan, huntsville, alabama. >> so, what will more tariffs mean for workers and for

consumers? drew greenblatt is president and owner of marlin steel. he is also on the association of manufacturing executive board as chair of small and medium manufacturers. thank you for joining us today good to see you. >> thank you hello. >> so, drew, let's talk about your company it makes steel and wire products what has it meant to have these tariffs imposed this summer? has it affected your businesses at this point? >> these tariffs are a big deal for us because we have a lot of intellectual property. 20% of our employees are degreed mechanical engineers, and we definitely need our president and our nation to protect intellectual property, and we're thrilled that we're finally addressing this topic. and i am hopeful that the president will get intellectual property rights protected for our nation and for our manufacturing workers. this is our secret sauce this is how we differentiate ourselves from our competition

in lower overseas markets. >> let's talk about this let's break that down for a minute when you say your company has been the victim of ip theft, what's happened specifically >> well, we have many chinese companies that cut and paste items from our website and put it on their own website, pretending that they make it, that they came up with those ideas. >> huh. >> and not only is it disheartening, it loses american jobs we make everything in america. we make everything in baltimore. we only buy steel from illinois and indiana, and when we lose opportunities because chinese companies are ripping us off, then that means less steel is bought from indiana and illinois and less unemployed steelworkers in baltimore are getting opportunities to buy a home and, you know, move out of mommy's basement and, you know, own a car. all these things stop if we have intellectual property rights theft. >> so you are making products that are protected by trademarks that are just being completely ripped off by the chinese?

what has that meant for your business over let's say the last five or ten years? >> it's hard to quantify this. >> right. >> but i can say for sure, we probably would be twice as big if it wasn't for all the pilfering. it's dishearten 'and this is commonplace. i mean, when an american company comes up with a clever, unique idea, it's quickly taken by overseas markets and it's unacceptable. and i'm thrilled that our government is starting to protect us, or at least address these topics. >> drew, a lot of people think what's happening right now, just like you do, needs to happen, that there are all kinds of problems and ways that the chinese market is really taking advantage of us. it does seem to a lot of people like the moves that the president has made, particularly tariffs, are part of a negotiating strategy i guess part of what we're trying to figure out is what that strategy, that short-term strategy ends up costing businesses, in the short term, what the tariffs put on business what has that meant on your bottom line? >> right now, the key is this --

when we export a car to china, it's a 25% tariff. to germany, it's a 10% tariff. when they import to america, it's a 2.5% tariff we sell to automotive factories. >> right. >> we make the material handling baskets for all these factories in the usa, and they're getting hurt it's hard to fight a 25%, a 10% tariff. >> right. >> recently, the german automotive market said why don't we have a 0% deal, 0% into germany, 0% into america that's fair trade. that would be a great outcome. if that's the end result, this is going to be a big win marlin's going to sell more baskets, general motors and ford will ship more cars over to germany, and it's going to be a much more fair, level deal this is a good outcome. >> in the short term, there are a lot of companies that are going to end up paying higher prices obviously, again, this may be a negotiating tactic that may clear up some resolution may come sooner rather than later but what do you say to consumers who are

worried they'll pay more for goods as a result of the tariffs, at least as long as we see them taking place? >> prices are definitely going up hopefully, with a very robust, muscular leadership by our president and our nation, we're going to end up with an excellent deal so that our manufacturers have a level playing field. we need a bilateral deal with china so they stop ripping us off on the tariff percentages and they stop stealing our intellectual property rights if that's the outcome, it's going to be a big win for american manufacturers workers and it's going to be good for our middle class in america. it's going to be a good end result we've got to make it through this we will. i think it's going to be a short-term pain for long-term gain. >> drew -- >> i'm very optimistic about american manufacturing. >> drew, thank you for your time today. >> thank you. now here's a look at what's making news as we head into a new week "on the money." stocks hit record highs in early trading on friday. that came after the dow closed at a new high on thursday for the first time since january

the s&p 500 posted a record on thursday as well, on hopes that trade wars with china beyond wouldn't be nearly as severe as first thought. the nasdaq wasn't exactly a laggard, but it wasn't as strong as the other two indexes stocks closed mixed on friday. existing home sales were flat in august sales of previously owned homes held steady after a stretch of weakness the sales slowdown is largely because of a lack of inventory. and u.p.s. will be delivering a whole lot of jobs during the holidays. the logistics company is planning on hiring about 100,000 temporary workers. about 5% more than last year about 35% of those hired for the holidays land permanent jobs with the company up next, we're "on the money. the former ceo of dunkin' donuts says employees asking tough questions is the key to success. does he follow his own advice? and later, how to keep costs down if you are in the market for a car or if you just bought one. right now, though, take a look at how the stock market ended the week

♪ question everything. that's the advice of former dunkin' brands ceo nigel travis. that's one of the keys to success that he actually out lines in his new book called "the challenge culture: why the most successful organizations run on pushback. nigel, thank you for joining us today. it's great to see you. >> and you, becky. >> so, pushback, what does that mean when you tell people to push back, how do you define that term >> well, pushback can have slightly nasty connotations. i mean it in a very civil, positive way, to create situations where everything you're looking at be it a solution to a problem, a new initiative, a new strategy, gets tested by people throughout the organization and the book, where it talks

about challenge cultures -- really, two words. challenge, which is the pushback, and culture. one of the things i talk a lot about in the book is how to create a really positive culture like we've had at dunkin' brands for the last 9 1/2 years and i think that's in many ways the most important of the two words. >> nigel, pushback really has to be a culture that probably is set at the top and trickles down otherwise, people are worried that, you know, you're not going to be one of the yes people, you might get fired if you push back how do you tell people to kind of follow along with that? and is this something that has to start at the top? >> generally, the advice is you start with yourself. how can you challenge yourself how can you get better how can you perform better day in, day out? then perhaps get a few colleagues and then last night, we actually talked about going upwards, and perhaps saying something like, i read a really interesting book recently with the boss and getting them involved in it and trying to migrate it upwards >> i read a really interesting

book that you might want to read, mr. ceo. >> no, no, no. yeah, becky, you may do it slightly more subtly than that, but just said i read it. >> you have a lot of experience from a lot of different places dunkin' most recently, papa john's, but also blockbuster you were there when netflix was kind of coming on strong what happened there, and was there a missed opportunity do you think that this is where you learned some of the lessons along the way? >> well, i learned a lot of lessons, and one of the things that i think i've tried to do in the book is be very critical of myself and i think at blockbuster, we did some great things, but technology, if you think back 15, 16 years, was coming at us like a tidal wave, and every day we were kind of batting new things away. netflix, we looked at it as a regional chain they then expanded and did very well in somewhere like austin. we then decided, perhaps this thing does have legs and we came back hard. we set up blockbuster online,

which was taking share away from netflix. and after my time there, activist shareholders got involved, new management took the focus away from the internet back to stores, tried to merge with circuit city, which wasn't a good move. so, they took away from looking to theure. now, to be fair, could we have done a better job looking to the future certainly. and we could have certainly done a better job identifying the convenience trend that came with vending machines and red box so, yes, i had some nasty arrows sticking out of my back at blockbuster, and hopefully, i applied those lessons at both papa john's and dunkin'. >> sure. of all the lessons you take away, what are one or two of the most important things? >> a phrase i use in the book is the failure to anticipate is usually a disaster so, the whole word of anticipation sums up challenging the status quo today so that you look forward. >> that's great advice

nigel, thank you so much for joining us. >> thank you, becky. >> nigel travis. up next, we are "on the money. are you in the market for a car? should you buy new, used, or go for a lease? we'll help you find the best value. and later, adding a new member to the family we'll tell you why some parental policies include fluffy and fido and what they mean we'll be right back.

$8,849, that is the average

cost of owning and operating a new car this year. while gas, maintenance, repairs and insurance get most of the attention, depreciation accounts for nearly 40% of that expense joining us right now to talk about how to cut and control costs is robert sinclair of aaa. and robert, thanks for being here. >> thanks for having me. >> good to see you again. >> good to see you. >> almost 9,000 bucks to own and operate a new car? and we're not talking about something fancy schmancy, just middle of the road. >> the average new car is $36,000 now. so when you look at it like that, the numbers start to make sense, but especially depreciation that's the big elephant in the room and something people don't take into consideration. >> i was going to say, people don't think about that. >> no. >> the minute you take the car off the lot, the minute it rolls off? >> it devalues we're talking about the value of the vehicle when it was new and looking at five years. so, 75,000 miles later, five years later, what the vehicle is worth, that's depreciation, and it's 40% of your cost. >> and a big cut of that comes the very first -- the minute you drive it off. >> the minute you drive it off

the lot, you're losing thousands of dollars in value, yeah. >> what should people in the market to buy a car think about, given those statistics >> well, don't buy new that would be the first thing. you could buy a gently used car, something coming off lease and we know that people who have leases, you can't do this, can't put too many miles on it but if you do buy new, keep it a long time. keep it well past the payments expire, and take care of that vehicle, because spending money on it might be counterintuitive, but if you, say, take care of a timing belt, which you're going to need around 50,000 miles, that might cost you around $5,000 to replace, but if it breaks, you'll need a new engine >> what about regular cars i guess the fear for some people is i'm not going to be filling up on gas, s and a lot of places, you go to a lot of parking lots and mall>> vehicles cost more going in. and in fact, the average new

car, $8,800 to maintain a year the electric vehicle is right around there and so, you have to take into account that they're more expensive when you purchase them. >> you mentioned that if i'm considering getting a used car, get one off of lease why, again, is that such a good idea >> the lease vehicles have to be very, very well maintained. >> so, it's different than buying one from let's say one of the car rental companies >> probably a lot more miles on those car rental vehicles. >> i also think about how people treat those things. >> yeah. we're not the best with those, but when a person has a leased vehicle, they really have to take care of it. and when they turn it in, that dealership is going to do a multipoint inspection, and most of the depreciation has been driven out of it three years we're talking about five years' worth of depreciation, so you've got most of that taken care of. >> that's great. robert, thank you so much for the advice. >> good seeing you. >> robert sinclair. up next on "on the money," a look at the news for the week ahead. and thinking of adopting a fur baby we've got a new company that has a benefit which is making some people howl with excitement. we'll tell you all about it.

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the final reading of the second-quarter gdp. and kick back and pop open a cold one friday is national drink a beer day. cheers when you think of a pet-friendly company, you probably think of an office where you can bring your dog into work. well, some are taking it a step further and are actually allowing employees who are adopting a new furry member of the family to take paid leave. joining us right now is michael katz and meredith heller from emparticle, a technology company based in new york that offers employees pawternity leave they are both owners of rescue dogs thank you both for coming in. >> thanks for having us. >> thank you. >> mike, you're the ceo. >> i am. >> what's the policy and why did you implement it >> sure. pawternity leave is an extension of our core family policies, maternity and paternity leave. and so, for us, it's about rewarding and incentivizing our employees to be active members of their local communities,

trying to make an impact that goes beyond their core kind of day-to-day stuff. >> how much time do i get off if i adopt a dog? >> two weeks so, you get to work at home for two weeks. >> oh, so it's not time off, it's time working from home, so more like flex time? >> exactly to make sure that your new family member is getting used to their new environment and you don't have to worry about what may or may not be happening. >> meredith, how about you did this impact your decision, this policy, for why you went ahead and adopted a dog? >> definitely. i would have probably adopted a dog regardless, because i'm a big animal lover and i've always wanted to, but that definitely pushed me to do it and having the support of my company, we have a very nurturing company, and a lot of our policies, regardless of pawternity or others, are about doing good things. >> michael, i think you have 100 employees. how many have taken advantage of this >> we've had about a handful take advantage of pawternity

leave so far, but we expect that to grow. we'll probably double head count over the course of the next year or so. so, for us, it's about providing an environment where our employees can bring a work-life integration into the workplace. >> meredith, what did you do during the two weeks that you took >> yeah. i got to know my dog so, i adopted him from a shelter. and when you've adopted dogs -- i've had dogs in the past. you really don't know what they came from. so iations and everything, but it was really two crucial weeks for me to get to know him, to see, you know, maybe he had been abused or something, and make sure that he was acclimating well to my family. >> mike, what happens if somebody takes and has a baby at the same time? can they take maternity and pawternity leave in the same year >> yeah, so as i mentioned, this is an extension of our core family policies, including maternity and paternity leave.

so, we're really all about respecting the expanding definition of family and so, our standard maternity leave is three months paid time off. paternity leave is two months off. this doesn't replace it. this is really just an augmentation. >> but i can do all of it at the same time? >> you can do all of it, absolutely. >> michael, thank you very much. meredith, thank you. >> thank you. >> good to esee you both. >> thanks a lot. >> that is our show for today. i'm becky quick. thank you for joining us next week, kickboxing to get in shape meet the husband-and-wife team building a global fitness franchise. each week, keep it right here. we are "on the money." have a great week and we'll see you next weekend

hey, there we're live from the nasdaq market site in times square on expiration friday. the guys are getting ready behind me. here's what's coming up on the show. this is your portfolio this is your portfolio on tilray any questions? uh, just one how can i apply tilray using options? mike khouw with the psa. plus, tech is breaking down, and the chartmaster says there's something to suggest even more pain to come he'll tell us what's got him so worried. and talk about a