different reads, with unemployment at multidecade lows, this is the big thing that could change sentiment >> alumina >> twitter >> motorola solutions, msi >> good stuff, thanks, everybody. good holiday as well the exchange starts now. d.c. and your money, politicians in america, will debate the meaning of the mueller report, we ask could it lead to even more gridlock and standstill in d.c. ping and conferencing, zoom and pinterest hitting the market to a lot of investor fanfare. could they suffer the same nature as lyft shareholders, a fold fair, a recycleable shoe, and a new legal smoking age. that's what's ahead on rapid fire, it's a big league show

let's start with don chiao the dow is up almost 100 point the. >> and stable right now for the most part. if you take a look at the markets overall, mixed only because the nasdaq is lagging. the s&p 500 up by about 3 points and the dow industrials just about 100 points to the upside, that's pretty decent overall, we'll see if that sticks, one particular industry group to focus on the i shares tracks the dow transports, right now at the highest levels we've seen going all the way back to december third. so transport is a big part of that story union pacific earnings better than expected. that's driving the trade there, if you're looking for one of the stocks of the day that's not zoom, that's not pinterest check out blackstone, look at this 8 1/2% gains, a privately traded partnership that's going to be a publicly traded corporation. a lot more investors could come

in the mix, and they raised a lot of money for their funds last year, back over to you m h much. >> sidewalk box, talking that up this morning >> so -- and the markets that dom just walked you through have two new members to welcome into the fold today you've heard the names, pinterest and zoom are both public both rising. just adding to the list of names, including some very under the radar ones that have done very well when they hit the tape bob pa sani is at the new york stock exchange with more what a day >> both of them, not only -- the flood gates have really opened not own be do they raise the terms going into it, they popped at the open as well, let's take a look here, pinterest price talk was 15 to 17. they priced it at 19 it opened at 23.75, and take a look at it on intraday trading here they're going to trade the whole flow today, it's holding up very well, up 24.35 zoom, though, 28 to 32, just four or five days ago, we were

talking about 28 to 32 for zoom. priced at 36, that's not a typo, it opened at $65 this is very rare to see something that opens twice as high as anybody thought it would a week ago, you see it trading right here at $63. just off that number it's profitable, a lot of people like that, it's got 100% growth, and those are the two magic words we got recent ipo's that joins a parade, they've done really well levi strauss all doing great, lyft is it one of the few companies still to the down side, no companies next week, brian, but the week after, we'll get another slew, maybe i heart media, maybe next friday we'll get uber giving us some terms, we'll see, not sure about that yet. >> bob pa sani, thank you very much now, to washington because the other big thing to hit the tape today was the mueller report it's perhaps more heavily redacted than many had thought

or hoped but at 400 or so pages long, our team is still pouring through it many eamon javers still trying to digest that >> the headline is out there, the president's been saying that throughout the day no collusion, no obstruction, that's good news for this white house. inside the document, we're finding some of the areas of concern for robert mueller, particularly around the area of potential obstruction of the justice, and the president's public statements, his tweets even about some of the people involved in this whole situation, those were red flags for robert mueller in certain circumstances. particularly on this idea of -- >> all right, so when we get eamon back up, someone pulled the plug literally on eamon. let's talk about what this means

for the markets and policy going-forward. let's bring in libby cantrell head of pimco. the democrats are going do complain it's too heavily redacted, we need to investigate further. what do you see going-forward? >> this is hitting through a partisan lens. the republicans are sort 6 claiming vindication here, that there's no collusion democrats may walk-through the door that the mueller report opened, in terms of investigating further, whether there is obstruction of justice. i think you'll hear louder calls for impeachment hearings from the left speaker pelosi will do everything she can to not heed those calls.

washington is weather polarized, already partisan there was not leeway anyway. the big things that president interrupt wants to move legislatively, is nafta 2.0, that might be harder to move now with a more fractured relationship >> do you believe that, ron, to libbys point that in some ways will affect what should be bipartisan or nonpartisan. purely economic negotiations >> yeah, i don't think there's any escaping, maybe the overhang that libby alluded to. within the obstruction of justice component of this report bob mueller effectively punted to con and suggested in the absence of his being able to do anything, which says you cannot indict a sitting president he really suggested that congress to a certain extent take this up, to the extent they're distracted or obsessed by this, it will slow down the legislative process and create even more fractures between the

democrats and the house, and the white house itself >> you know, john, when barr's letter came out, people said, okay, this is over it appears that ron is suggesting maybe we are just getting started on a second phase of this. >> well, i think that's because barr's letter was such a brief summary of this, and the report today gives us a lot more detail as eamon was saying before somebody pulled the plug, that a lot of detail about the potential obstruction that the president had engaged in, orders to don mcgann then the white house counsel to direct rod rosenstein to fire robert mueller, the special counsel, mcgann refusing, offering his resignation, and ultimately staying on a while longer and telling aids that trump had asked him to do crazy stuff. i think all of that -- and to libby's point earlier, i think it was the right one i believe that the way the

administration through bill barr in the letter, and today's press conference, in which he seemed to be spinning for the president to blunt the impact of the report, i think that's going to make it more difficult for speaker pelosi to resist those in her caucus who insist on an impeachment proceeding to weigh this in a way that they think is searching and fair. >> yeah, and eamon javers is alive and well he is back with us, someone pulled the plug but not on him literally. >> no censorship here. >> he's not redacted you've been there day in and day out for us you've seen the back and forth inside, the speaker's chamber and talking about this, with sarah sanders, one wonders how much more of any dialogue that we have is simply going to be about the report from now on the administration can talk about defense spending or

infrastructure, or immigration, whatever it is, and every question is going to go back to this report with the exception of maybe yours >> well, you know, that's right, i mean, first of all, this is a white house that doesn't brief the press any more they're not going to face this teleadvised spectacle of the white house trying to get out the line of the day. you're going to see the president leaving here shortly this afternoon, in a couple hours, and reporters will ask him questions. i expect he will talk, he's been tweeting vigorously today, he has a lot to say about this. i expect we're going to get lengthy comments from the president here i don't get the sense they're going to rebut much of this at all. they're going to let this sit and retreat to the headline of no obstruction, no collusion and on the smaller things, let all that go. there's some stuff in here about sarah sanders and how she responded to the comey firing by suggesting fbi agents inside the bureau had lost confidence in

comey and they had heard from countless members of the fbi who said they didn't like comey, in her interview with the special counsel's team, she admitted that didn't have any basis in fact and it was a slip of the tongue or she just kind of said it at the time, and didn't really base it on any factual basis. you know, those smaller things doesn't seem like the white house is going to address at all, they may just let them all go, they're content with the win here, and they feel like they've had a big positive political day. >> i'm not sure how much of a win there is >> i got through the first 50 pages of the report, there's some materialality when it comes to whether or not the campaign expected to benefit from russia's actions and interfering. not rising to the level of criminality. but from a market perspective, this may -- in many ways turn neutral, in so far as we're seeing a resynchronization of

chinese and american economic growth, europe's the outlier at the moment, we're seeing the fed back off, and central banks start to stimulate if today's retail sales number were any indication of where we're going from here, the market may return the attention to fundamentals, and maybe ignore >> damage you for bring if right back down the cnbc lane. it's amazing the retail sales number better than expected. jobless claims under 200,000 gdp revisions are going up at goldman sachs and others it's amazing that this is getting all the headlines, and if you just focused on this, you would think this is the only thing happening, outside of this, america rolls on, and the economy rolls on, and the president will have a strong economy most likely behind him in that re-election bid. >> most likely, and our view of pimco is that we'll see 2%, 2 1/2% growth here in the united states you have the effect of fading fiscal stimulus, and you have a big impulse from the tax bill

that was passed in late 2017 and a big spending bill that was passed in 2018 another area of this mueller report that could inform relations with corning, that could be relevant is this idea of the fiscal cliff of 2020 the markets are not focused on this right now that's because if couldn't doesn't step in and keep spending levels at the rate they are now, come january 1st of 2020, we could see a half a percent head wind of economic growth because of this big drivedown in spending. i think we all understand that congress is expedient. they're not going to want to do that going into -- >> they may want to do that. >> john harwood. >> i wanted to make one point, which is that in terms of the effect on the legislative agenda, there really isn't much of a legislative agenda, in theory, the administration wants an infrastructure plan, but

republican leaders in congress don't, and the kind of plan the administration wants is not what democrats want so other than the usmca which is significant, there isn't much that congress might do in the absence of this mueller report i think that's important and also -- >> let me ask you, libby's point if i can, we're running out of time, do you believe it's not only because the report, but maybe the report layers on, that the u.s. congress, democrats and republicans both, will play economic chicken with the fiscal cliff and the u.s. economy >> i doubt it. i don't think, democrats approach these issues differently from republicans, and while they'll fight for their policy priorities, i don't think that a nancy pelosi led house would engage in the degree of brinks manship we've seen in the past >> let's hope. 535 men and women fighting while

others may suffer. >> eamon javers, good to see you are well we're just getting started on the exchange, here's what else is coming up. ahead, the ceo of bb & t joins us we'll talk earnings, the progress on its big merger and the outlook for the economy. ipo bonanza, investors pin their hopes on pinterest and zoom zoom's higher. should you get in? and could 21 soon be the new 18 when it comes to tobacco? we'll explain.

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hnchs so much talk about the possibility of an economic slowdown, it's important to look yojd the government data let's do more of that by diving into bb & t's latest quarter kelly, it's great to have you on the program, so much discussion about a possibility of a slowdown how is bb & t seeing loan demand >> glad to be back loan demand is actually very good, actually, production is

very high. our pipeline where we measure all the applications and process are at an all time high. and so we're seeing a broad base level of confidence, a broad based level of willingness to borrow money to invest and planting capital and equipment, overall it's very good on the street doesn't match up with the national rhetoric you hear >> in your experience, your long history of running a bank, to people borrow money, do businesses borrow money when they sense a slowdown is imminent >> they do, brian. it's interesting >> they do >> yeah, they do i travel around and talk to lots of business people, one on one, and so when i talk to them, they talk about their business. they're chatting about the national issues. when you get right down to what they're going to do, they focus

on their business. so if their actual market is slowing down, they will reduce their investment but if it's just a lot of -- a general conversation, they'll talk about it. might cause them easiness. they'll focus on running their business >> forral the numbers, the quarter and the year so far, do you believe we will be in a recession in 12 to 18 months >> you know, i actually do not i'll be honest, 6 or 8, 9 months ago, i was a little more concerned about the possibility of that. there was so much rhetoric about ten years, after a while, everybody begins to have that effect but as i've gotten around and talked to business people, as i see the strength, just what you've been reporting in the last hour or so. strong retail sales, low unemployment, low jobless

claims, no major geo political risk that seems to be eminently problematic, i don't see -- and certainly in those 12 to 18 months, i do not see an imminent slowdown, i think that you could have some existential factors that could cause that i don't think it's predictable at this had time >> one thing that stood out to me, it was a little shocking, i guess, your net interest margin rose only two bips literally. a tiny percent >> we'll take what we can get. >> it rose even as interest rate s lowered. how did that happen? >> rear a really big community bank, we operate our regional bank structure, we're in a lot of rural areas, metro urban areas as well. we have a lot of stable deposits, they're more focused on relationships, a lot of small

business clients and so it -- our nim pressure is more a function of what's happening in our local markets than it is in the national markets. when you hear a lot of national discussion about changes in nim, it doesn't inherently affect us. if we do some external large funding, that will move our nim around a little bit, but in this particular quarter, what we really saw was that our funding was increasing, but our rate of return on assets was increasing at a faster rate >> you know, one quick last question you're paying an advertising agency a lot of money to come up with a new brand between sun trust and bb & t when you merge. can you give us a hint as to what that's shaping up to be, sun trust and bb & t could more together like a kids drink if you're not careful

>> the reason we decided to pick a new name versus using either one of the others, our merger is about improving profitability which it does enormously it's about lining forward, major investments and innovation, technology, it's about getting exciting about meeting the needs of the clients in terms of technology and trust, kind of that relationship between technology and branchs and so we want to name the points forward that excites our clients, our associates and the market in general to say this is an institution that is moving forward, is energized and trying to take care of the community at large and clients in particular, we think we can find such a name >> good luck, we do wish you luck appreciate that, have a good easter thank you. on deck, the trade war comes home, how china and wisconsin are now in a fight and it's over what some says foxconn's broken promises

first, to the moon, zoom both stocks trading, do we need to learn from lyft that one day does not an investment make? who says our bank isn't tech enough?

everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. pinterest and zoom may be getting all the head lining love today. they're not the only names you need to worry about about second

quarter profit guidance below forecast that stock is down honey well is up, they posted strong results and raised their full year forecast the company saying it's all strong demand for its aerospace products and travelers taking a journey higher today, leading the dow. dividend and net stock is higher let's get to corn tessa brewer >> democrats vying for the party in the 2020 presidential nomination, including kirsten gillibrand she had some harsh words about barr's news conference this morning. >> the attorney general of the united states is supposed to represent the people of the united states, he's not supposed to represent president trump by having this press conference today, misleading the american people was not appropriate

investigators think an electrical short circuit most likely caused notre dame's cathedral fire the investigators don't have the green light to work in the cathedral because of safety concerns >> rescue services use two cranes to pull out a bus killed 29 and injured 28 people. the bus was lying on its side with part of its roof torn off >> thank you very much a pair of technology unicorns, million dollars in the public market are surging after their public debuts today. pinterest brycing above the high end of the range of $19 a share. opened up 25%. that sounds good, until you hear this zoom video communications, priced at $36 a share. only opened up 80% let's talk about both, start with ben silverman calling sidewalk ally, the company is more about utility for people to get things done and less of a

place to talk for friends or to follow celebrities we are not a social media company. for more, let's bring in directing manager of loop ventures amazing response to pinterest. are you surprised? a 25% pop? either the bankers screwed up in pricing it or people really like pinterest. >> it's a discovery platform, it's not a social network. we think it will be comped like a social network the good thing about pinterest is, it's a great business. people tell pinterest how they see the world in pictures. facebook and twitter are trading 6 to 8 times next year's reve e revenue. it feels like the market is pricing in a lot of that -- >> first of all, i think the

term social media is outdated and done do you think there was a strategic reason why the ceo of pinterest kept saying, we're not social media you want that stain? >> yeah, i think social media's a bad word right now >> two words >> two bad words combined into one. i think you look at facebook and twitter and what's happened with them, public sentiment around -- especially privacy on facebook, but the conversation politically. the discourse is difficult on both ploot forms, pinterest talks a lot about empowering their users, it's a different message than what we're seeing facebook and twitter doing with their users, where you have fomo and depression >> besides you, you know what's amazing, if a stock falls 25%, everyone screams, wall street really screwed that up if a stock rises 25% nobody's saying anything, it's still obviously 25% mispriced, you see where i'm going with

this >> yeah, it's tough to price an ipo perfectly, if it closed flat today, people would complain about that too in terms of pinterest, this company sold primary shares only, which means that all of the money raised from the ipo went back into the coffers of the company, there were no selling shareholders that were raising money to fund their own pockets. what that means essentially if you see a 25% pop, that is a loss of capital, that is money left on the table that pinterest could have otherwise use to reinvest in their business that said, is important to keep investors happy. you want investors that are going to stick around for the long run, through that six month lockup period which expires in about 180 days, you want people that can stick around, and the best way to make them happy is to make them money, brian. >> it certainly is >> let's move on to zoom video if you thought pinterest is doing well zoom, new ticker zm, soaring up

more than 75%. zoom getting a lot of love, but it also faces a lot of competition p.m. >> zoochlm's performance says at about other tech names that haven't been able to gain on this video conferencing. zoom comes out of nowhere and takes this field and is the leader and known to be easier to use, and part of the reason for that is because it started in the cloud. some of the other competitors and big names in this space started on antequatez conference call how can it continue to compete against these capitalized big tech name competitors.

they've built a company that was more simple and easier to use. you can understand how it may be continuing to use this strength? >> deirdre bosa, great discussion, thank you very much. here's what's ahead on the exchange >> coming up, cannabis consolidation heats up could big changes be coming to the tobacco world? plus, a recycleable sneaker. and a fold fair, that's all ahead in rapid fire.

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let's catch you up on a few stories that should be on your radar right now. rapid fire, we have bill griffith, kate rogers, frank colin, only one of u.s. will emerge alive >> are we going to get a word in edgewise here, my friend >> i want to survive >> you win mitch mcconnell announcing a bill that will pump the national minimum age from 18 to 21.

it's a bill, not a law yet it would also apply to vapping products we should know, some states in america have a minimum age of 21 this would be a symbolic move. it's your beat here, what's the reaction what do you think. >> here's the thing, a lot of stats we can throw out here, here's another one 90% of current smokers tried a cigarette by the time they were 18 there are 16 million americans with a smoking disease in america right now. >> this is the tobacco industry trying to get ahead of restrictions that may come out why now? there was a 75% increase in the use of vapping by teens. surprise, surprise, the tobacco

companies are supporting said legislation to raise the minimum age for smoking to 21. >> juul is in support of 21 years old to buy tobacco about the mcconnell release did have some disturbing items, including middle schoolers are starting to vap. i totally agree with the market, it seems like candy and you don't realize there's nicotine in it, it's not good for you >> there's month nicotine in it, than in regular cigarettes >> so it's time to go to 21 anyway, they should have done that years ago the drinking age is 21 >> a lot of states and towns have already raised it two things can be right at the same time. it's also good for public. >> you are the youngest one on this panel

do you believe raising the age -- >> i'm not asking you to reveal any personal details about high school do you believe that raising the age of something does prevent people from doing it >> i was an angel in high school, i am still today >> i think if kids want to get their hands on something, we can prevent it by putting laws like this in place, like i said, when s that -- >> selling juul pods at the high school cannabis console dags, striking a $4.3 billion deal to buy acreage holding. that deal will take effect african in a bus has been legalized in the u.s., while legal cannabis sales have been climbing this year, so far, the black markets have been rising, what's the future bill of this industry >> you know what i find interesting, this is a future's contract for canopy. locking in a price but at the same time, i wonder why acreage would do this deal

if they're locking themselves into -- it's a 43% premium over the company's valuation right now, what's to say they couldn't see an even higher valuation, after we do inevitably see -- >> you're saying this could be a sign of lack of optimism >> canopy is making a smart play >> acreage is a multistate operator this is contingent on federal legalization, but really smart move for canopy and constellation, which i know you have your eye on >> yeah. they have some warrants where they can -- similar option, they can decide to buy more stake in canopy a lot of people are talking about the cannabis play. i'm looking at the acreage business they have bill weld, a guy running for president. i feel like canopy may be buying that influence let's get down to business weed's a commodity, everybody's going to be able to grow it. >> and john boehner --

>> so i've been told up next, let's talk about recycleable shows. >> she told me >> he told me. i heard it from you. >> he might have adidas just released a new running shoe made from 100% recycleable material, once your shoes have fallen apart, you can return them to aidid as where they recycle for the component to make a new pair of kicks zion williamson should be their spokesperson >> i was thinking. >> what do you think, gimmick or real -- >> it sounds like adidas wants to give this right they're giving it to 200 runners to test them out they want to make sure -- >> they want to make sure they really get this right. >> how long do they last >> i think consumers care more and more before this, more companies are paying attention to ecofriendly marketing things in this way you. >> know what they care about more, not rolling their ankle or having their knees hurt when they jog >> recycling is becoming a big

business right now and as we all know, jason momoa just shaved his beard for the obvious reason that he's promoting aluminum as a recycling thing. >> stop the appreciations. >> here's the thing, don't come at this as a business journalist you're a 6'5" inch dude, i don't know if you run. listen, we run, it hurts the shoes got to work, first and foremost >> zion williamson was a perfect example, if the shoe can't hold up, it's a problem it this is really differentiation. adidas has been trying to increase its market share. they signed kanye to a sneaker deal, he's not really running anywhere >> but those sneakers are so cool they don't need to run anywhere. >> you ran the marathon? >> finally, we're moving on. remember how much hype samsung's

foldable phone generated it's got a $2,000 price tag. some reviewers who got this phone early, reported it broke todd hale found the screen was flickering after just two days samsung, a real problem? or they just haven't figured it outiest. >> i think it's a bigger problem right now. novelty is a big sales item for technology this was novel to have the folding phone. but i think they're getting ahead of themselves now, they'rt before they're ready and they cost too much now by the way, $1980 for a foldable phone is becoming too complicated and too expensive. >> call me old fashion, but i don't need my phone to fold in half, i need it to have a nice camera, good reception and kind of look cool i don't care that much i wouldn't buy this, i'm not who they're marketing to >> women and men, we keep our phone here or in our jeans

pocket having a phone that can flex a little bit when you're a guy helps out frankly, does it not >> but the phone isn't flexible. >> but you could put it here in this pocket a little easier. >> i don't know about that, i talked to todd about this a little deeper, he says the resolution on the screen isn't as good and the colors aren't as good if your whole selling point is that the scene is better >> some of the viewers accidentally, they took it off thinking -- >> he did not do that. >> some people did, but it's not a removable screen they peeled the screen off >> he tweeted up close photos that he did not do that and his screen still was flickering. >> kate rogers, yes or no, $2,000 phone >> no, not for me. but you need to get it right, we talked about apple's wireless charging mat that they pulled from the market because they said it wasn't ready >> where's the button, i press a

button and you and you fall into the alligator pits >> and i survive >> you survive >> all i can say is, i'm exhausted now. >> come on trending stories with bill griffith one morning. >> okay, i will. foxconn fails to deliver on jobs in scsihawionn, wt the governor plans to do about that next looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪

foxconn back in focus today with its wisconsin jobs pledge being called into question he wants to renegotiate the deal, saying the company will not be creating the 13,000 jobs that it pledged. for more on this big story, let's bring in one of the reporters nolling that story from the beginning rick, thank you very much for joining us, cnbc was there, we were in kenosha as well, a lot of promise what appears to be falling

through the cracks here? >> well, you know, we're all sort of waiting to see whether foxconn will come through on what it has said it will do, and i think it's fair to say that the progress toward those goals has been slow. >> how slow, as in slow, we're getting there eventually, or slow as in the car is not moving down the highway >> the car is moving, it might be moving at 25 miles an hour or something. they've made multiple changes to their plans for this plant initially they said it was going to be a generation 10.5 flat screen plant which is the largest most expensive type of plant in this industry finally, middle of last year, they acknowledged, no we're not going to build a generation 10 plant, it's going to be a generation six plant smaller, less costly, a month or

two ago, it looked like they were thinking about backing away from building a factory at all in wisconsin, then the president donald trump gets on the phone to chairman of foxconn all of a sudden within hours, they come out with a statement saying, yes, we will build this smaller type of factory. foxconn continues to maintain it will create 13,000 jobs, a lot of people in wisconsin just don't. they're not buying that. >> do you believe. do your neighbors believe that this plant will ever get built >> i -- personally, yeah i think there's a good chance that something is going to be built there, i mean, they already are -- they have construction underway, so they've prepared a very large like -- i don't know, it might be 60 acre site that has gravel

compressed down tight to be the bed for the foundation of the plant. they let contracts about 2, 3 weeks ago, for $34 million worth of the actual building construction and that's -- that part is underway, as far as i can tell, and they say that this summer, they will start building actual physical vertical construction itself >> when they do that, you let us know, you take pictures we'll get you back on cnbc thank you very much. >> you bet, thank you, brian >> coming up, the sears drama, you thought it was over, it's not. the company is suing former ceo eddie lamb pepert and others. cluding steven mnuchin sears versus steven, next. globa, the rhythm of the world. globa, but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise

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just when you thought it was over, the sears drama is resurfacing. the company is now sues eddie lamper for allegedly steals billions from the corporation. the lawsuit alleges that lamper along with sears' biggest shareholders unduly benefited from deals that occurred under his watch. the suit names other defendants as well.

beside lamper they inclusive stephen mnuchin and bruce berkowitz. sears holdings filed for bankruptcy this past october. coming up, only one third of the united states required students to graduate with a person finance class, just one class. that's a big problem, she's joil us and talk about what her group is doing about that, next. and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country.

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joins us notice is the author of that piece, nan morrison, the council for economic education, also a member of our wellness council it's amazing, nan, you can be in high school and take classes on the peloponesian war, but not finances >> exactly

we don't do a good job of getting financial education in our k through 12 schools that's the mission of our organization, to do that, to teach kids about personal finance and economics so they can make better decision, so they know how to manage money, to make good decisions about a credit card or loans without getting into the politi politics, it's hard to get new classes created. what's the best way to do that what's been the holdup for saying, hey, you don't need that 14th history class, let's talk about not going bankrupt. >> we tell teachers, help them with et content, give them lessons and how to integrate it into the everyday life so think about integrating it into math. instead of those crazy problems about the am track trains, how many times have you thought about how fast that other train

is coming at you, but no, you think about what your investments are doing? we should be teaching those examples in math. >> the weird thing about this area is you have literally wall street blocks away our kids are with nothing, no education they're physically this close, how do we make them work for each other? it benefits everybody when everybody benefits we're running financial literacy nights at schools, where volunteers can come to learn about money, and we also have a new program, invest in girls, which not only helps girls to get introduced to the language and grammar of finance, but also takes them to places, introducing them to the world of finance, to people like you, me and some of the women here at cnbc so that they can see there's a possibility of an interesting

career working in finance. >> you point out that families of professionals, they have 30 million more words than kids on welfare. a lot of those words of financial related. those words can be scary sometimes even to adults how do we de-intimidate or make it less scary? >> i think we need to talk about it more. once you start speaking it, learning the words, it's less scary. you don't need to know the complicated stuff. you need to know, hello, please, thank you, and where's the bathroom if we can take the kids basic language of grammar and finance, same as we -- then they're not afraid, not to ask the question, or make up words during segments >> they can do that, too. >> nan morrison, a great topic. >> thanks for having me here

for more visit cnbc.com/investinyou we are investors in acorns, we should note. that does it, a long weekend, everybody, but we're not done yet "power lunch" begins right now. >> and i am intimidized. >> good morning. new at 2:00, the mueller report is out the president declares victory, exoneration, but will this fight continue to hang over his administration and maybe even the markets? it's a huge day for ipos several of them of major interest, beginning with pinterest, and shares of zoom are zooming higher. plus kevin o'leary is not happy. mr. wonderful is angry he's going to join us to complain about getting the eighth pick in the stock draft sounds like the new york knicks. "power lunch" starts right now