but the real question is, can you afford it? that's at 2:00 eastern time. we'll have a financial expert along. also in honor of father's day, we're taking a medical look at the impact fathers have on their children. plus, sit worth your money to see the "green lantern." we'll review that and "your money" starts right now. president obama is being hammered on the economy as fear of another recession persists. but are republican presidential hopefuls offering any fresh resolutions? i'm christine romans. ali velshi is off today. cnn opinion research polls continue to show 4 out of 5 americans feel that economic conditions today are poor. will cain is a cnn contributor. will, numbers aside, people are not feeling this recovery. the republicans just had their first new hampshire debate seen here on cnn. what are they offering in terms of a solution that president obama is not? >> tax cuts.

how about that, christine? ever heard of a republican offering tax cuts? what i wish i heard from them is tax reform. talking about taking all the deductions and dumping them in the trash. then you could lower rates. how about cumming that with even a little infrastructure and education spending and how about entitlement reform? >> new spending? those are fighting words for republicans, will. >> you're exactly right. these guys aren't idiots. that is a proposal that i just put together that you will not get elected on. so they'll stick with tax cuts. by the way, that's more than obama's offering. >> roland martin is a cnn contributor as well. one thing was crystal clear after this week's gop debate. all the republicans plan to ri tack president obama's record on the economy. today we have a 9.1% jobless rate. we have an exploding budget deficit. we measure economic growth in gdp f. you look at it here, you can see growth has climbed out

of the gutter since 2009 when it was shrinking at a rate of 2.6%. but now it is growing at 1.8%. not as strongly as last summer. but that's when zims measures were in full effect. right now, it's not enough to meaningfully lower the unemployment rate. in january of 2009 when president obama took office, 820,000 jobs were lost in that one month. overall, 3.3 million jobs are gone since obama became president. but the white house is right when it points out the job growth over the past year, some 1.4 million jobs have been added over the past year. roland, if a vote ser basing his or her choice on the economy, can president obama win on this economic record? >> first of all, they have to make the argument. you saw debby wasserman schultz this week say, we own this economy. she also began to articulate

that the turnaround started because of our policies. now, sure, nobody wants to sit here and be honest and say, hey, we were in a ditch, we were horrible, it was just a terrible economy. but fed chairman ben bernanke has said, this is going to be slow growth. what americans can't get used to is the fact that we're not going to have some huge explosion overnight, that we're going to see massive jobs. we put ourselves in a horrible situation. when you do that, it actually takes time. folks may not buy it. but it's also a reality. and every republican can talk about tax cuts. we know that tax cuts under president george w. bush contributed to our deficit. we have to own up to that. >> ken rogoff is the former chief economist at the imf and the expert on financial crises. simplest terms possible, with the recovery weakening, how real is the threat of slipping back into another recession or does

it feel so dismal to the american middle class, it doesn't matter anyway? >> it definitely feels so dismal to the american middle class that it's not going to feel great no matter what. i think we can expect a slow, halting recovery. we could go into a technical recession where output's actually falling and we're losing jobs instead of creating them. i think we'll continue to get jobs. but this could take years before we really feel completely better. >> christine, one second. we keep saying the economy is weakening. but we're basing that on what? one jobs report. the reality is we're going to have starts and stops. we keep trying to compare 1984, 1992 when clinton was there and we think that all of a sudden we're going to see 300,000 and 400,000 jobs created. the american consumer has changed. our spending habits have changed. our economy is so predicated on spend, spend, spend, people have finally got tennessee message, i can't keep spending like i used

to. i need to have some discipline and focus personally when it comes to my checkbook. >> if the economy isn't weakening, we can at least say it's not getting better. here's why. the main problem in the economy, the seed, the cancer in the economy is debt. not just federal government debt, household, historic levels of debt. ken rogoff knows a lot more about this than i do. i'm not going to pretend to do much different here. ken, you said the same thing about debt. and you have said the mortgage market, housing market is at the core of that and we have to look at writedown, principal writedown, debt relief. here's my question -- if you do that, aren't you rewarding like a decade's worth of bad behavior? isn't it essentially saying the idiots won? >> well, you have to do it in a way where there's some giveback. so if you write down people's mortgage, you have to design a program where there's some penalty for it.

but you're absolutely right that there's so much debt out there. consumer debt has doubled what it was 30 years ago. this is not a typical recovery because of the debt. that's what's making it slower, not the government -- >> will, here's my problem. you keep saying rewarding those people who made some mistakes. here's the problem with that. the people who did mistakes, guess what? our home prices have fallen as a result of this situation. secondly, you're seeing school districts, hospital districts having to cut services because the property values have dropped. so when you say reward those people, you also are looking at an entire economy affected by the drop in home prices. >> i want to ask ken a little bit about this whole idea of a zombie consumer. it could take years and you said it yourself, it could take years for the consumer to have a balance sheet that's repaired enough so that they can actually be powerful again in the economy. am i right here? there's a lot of debt that we still have to work through, as

much as we've already done, there's a loit more to go. >> there really is. i actually think having some inflation would be helpful to bring wages up relative to debts. there's not another pretty way to do it. we can also try to write down the debts. there's not an easy out. but it's also not time to panic. i think these people are proposing massive stimulus again, more government spending. this isn't a typical recovery. debt is the problem. and if the government's going to spend money, it ought to be on something to bring down all the household debt. >> let me ask you a quick question. you're going to get republicans and democrats who are arguing immensely over the bush tax cuts. ten years exactly we've been talking about bush tax cuts. did they contribute and how much to our debt problems? >> i think will hit the nail on the head with what we need. and it's the problem with the bush tax cuts. we need to get rid of as many deductions as possible, lower

the tax rate so people have incentives to work, to build, to create. president bush, the tax cuts were fine except that that was an opportunity to improve the tax system, to reform it. we made it messier. and now the tax rates are really low. it's harder to do the reform. it's harder to do it in some way that everybody gets something. >> we have to make a couple of bucks in the next few minutes. stay where you are. america's debt may be unsustainable for the long term but do we need even more money from washington in the form of another stimulus right now? what about the tax cuts and tax reforms? don't go away. [ waves crashing ]

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steam was coming out of roland martin's ears before the break when we were talking about the bush tax cuts and whether in the end they were good or bad for america. roland? >> you look at the omb and what they have to say and the gao. at the end of the day, we sit here and say, tax cuts -- i'm a high-income earner. i would love to sit here and keep saying oh, cut, cut, cut. but the problem is we want to sit here and say, cut but also spend, but also if you cut taxes, don't cut the oil subsidies. as will talked about, don't cut the deductions. look at what's happening in europe right now. the people there are freaking out because of the austerity plans because they have lived that way for so many years.

and when you have so much debt, you're going to have to stop something. same thing in this country. we don't want to let go of anything. at some point, we have to have a balancing act. you can't keep saying, cut, cut, cut, that's going to solve all our problems. it's not. >> we need to distinguish two things. there's the current economic problem and the debt atrib utili attributable to that. it can have a positive effect on our economic system that's in the tank right now. you only have a few options. i would ask ken this, if we're looking at our -- as you said, it takes a long time to get out of this situation. ken, how long are we talking, just to make ourselves realistic? seven years? how long are we going to be in this situation? >> i think it's going to gradually improve over the next few years. it has been gradually improving.

but we may in three or four years still have 6.5% unemployment. it may never go back to the way it was. i want to distinguish between tax cuts and lowering the rates but maybe raising revenues by getting rid of a lot of deductions. i think that's where president bush failed to improve the tax system. that was a big missed opportunity. >> here's the problem. you have people like grover norquist who make americans sign this pledge say figure you change certain things, that equates to a tax cut. republicans even saying, wait a minute, we're getting rid of subsidies. they equate any change as somehow being a tax increase. mike huckabee, when he ran for president in 2008, same thing, he raised fees, you'll raise taxes. this is a political fight. >> this is comprehensive tax reform. but comprehensive tax reform,

fixing the system, getting rid of the loopholes, making fair and simple tax brackets for everyone and companies is so important. a lot of people say that's politically so impossible. but they've had health care reform. they're talking about social security and entitlement reform. ben bernanke has pushed for it and members of both parties have pushed for it. america overspends. we have a debt at more than $14 trillion and counting. will we spend more in the near term to avoid slipping back into a recession or worse? ken, do we need more stimulus in one form or another, either the fed or congress, to boost a slowing recovery? politics aside, should we be spending more money right now? >> i don't think we should have another big stimulus. we need to pull out of this one slowly. i don't think it's the problem. this is not a typical post-world war ii recession. this is a post-financial crisis recession. there's too much debt out there. if we're going to spend money, we should address that.

on the other hand, the fed ought to do what it can. unfortunately the rollout for q.e. 2, its big buying bonds program, wasn't very successful. the foreigners hated us, a lot of americans hated the fed. they didn't sell it well. but we need to get inflation up. that's really important as part of this recovery. >> i have to say, seven years ago, i filed for personal bankruptcy because i add almost $100,000 in health care costs as a result and having no health insurance. and so when i did that, guess what i had to do? i had to change the way i lived. i had to change my spending habits. we talk about the personal debt of consumers but also of government. it requires a change in habit. the problem we have with this stimulus programs, the first one with president barack obama, one third of that stimulus package was tax cuts to appease republicans. at some point, you cannot keep spending your way out of a mess. you have to sixty up and realize it might take me four or five

years to change my lifestyle, pare my habits down to fix my mess. spending our way out of it is not going to be the answer. >> the question is accepting the pain and how much -- and how do you do it? you think you're living within your means in different ways. by a two-thirds two one-third margin, americans say government is doing too much that should be left to business. will, should we forget the stimulus talk and let washington get out of the way and just trust the private sector to start hiring? >> that's certainly a good principle to start with. we're in a very unique situation that can, in my opinion, extend beyond recession and resembles things like 1930 more. yes, let's enable the private sector in whatever way we can. but in order to address the federal government deficit, we can do reform entitlements, medicare, medicaid. i think that's a way, a responsible way you could

address both of our problems at the same time. >> all these are easy, simple things we should be able to do quickly. >> two-thirds of americans don't want to cut their entitlements. >> who cares? >> it's all the same. >> thank you so much. if you want to know anything about financial cry says, you have to read ken rogoff's book. thanks, guys. up next, why the companies on president obama's jobs kouns council know how to create plenty of job, just not for you. [ artis brown ] america is facing some tough challenges right now.

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advice. but just who has job are they concerned with? richard quest joins us and alfred edmond and leigh gallagher. >> i will not be satisfied till everyone who wants a good job that offers some security has a good job that offers security. i won't be satisfied until the empty storefronts in town are open for business again. >> when i comes to fixing unemployment here at home, is president obama seeking advice from the right people. many of the biggest companies represented on the president's job council bring in the majority of their revenue from sales outside the u.s. alfred is it too cynical, that this council could have something to do with securing corporate support for the campaign trial?

>> i think that's a cynical look. but i do believe you really need to diversify the kinds of business leaders who are providing advice for this job council. tough look at some of the companies that really do have most of their workforce here in america and then work with the larger global leaders to address these problems. >> ita lot of people are making their money from economies growing elsewhere. >> there's a thought that the private sector are going to solve our jobs problem. but these are companies latching on to growth overseas. they're benefitting from that. it doesn't mean they don't have good ideas. these are some of the best people in business. these are the biggest names in corporate america. i think they can still offer good ideas. but i think small businesses is where we can really see -- those small businesses are really feeling the pain and it might be interesting to get more input

from them. >> and that's what they say, too. they say they have not really -- some of those big small business groups haven't been invited to the table. richard, there are those on the left in this country who say the jobs competitiveness council is more like a job outsourcing council that the president is listening to. >> a couple of points. first, the companies you're talking about, yes, they do make a lot of their money, most of the revenue in many cases outside the united states. but those profits those companies creates goes into the shares and the dividends that then make up people's 401(k) plans. so it's not a zero sum game in that respect. it's in everyone's interest that those companies do actually create wealth as well. also the sort of ceos that you're talking about know how things have to be done on a macro scale. when you're talking about shifting an economy the size of

the united states, introducing new policies that may not have obvious effects one way or the other, you really do need to have the big players because they can put it into proper context. >> i will just say that for many people who are out of work, to hear that, look, you should just be an investor of this country -- i mean, they want a job and these companies are sitting on $2 trillion in cash and aren't hiring. >> when it comes to job creation, this is the role these companies can really play. outside of the federal government, they are the biggest spenders in the united states. if you're looking for small business to create more of the jobs, then the larger multinational corporations have to find more ways to spend money with these smaller businesses -- >> the other issue is that many of the things they've suggested are things that have been suggested before. they're all good ideas. but we need to put them into action. training, making more jobs in tourism and construction are great ideas. but we have to turn them into action. >> let's stay on small business.

this summer, more than half of all small businesses say they'll be shrinking their workforces as opposed to adding jobs, according to a report from the national federation of independent business. 1 in 4 said poor sales is what's affecting them the most. poor sales leads to less hiring. less hiring turns to poor sales. what does it take to break the cycle? >> this is a really interesting point because small businesses -- if you look at big corporate america, profits have never been stronger. the fact that sales is a problem means that people aren't buying enough stuff. big companies can cut costs and reap huge profit gains, but small businesses can't do that. it highlights the same divide going on between wall street and main street, it's happening between big business and small business. >> we saw another statistic this week that $15 billion was how

much small business loans fell in the most recent quarter. two reasons -- banks are stingier with their lending but also small business didn't want to take on new debt. they were not going out asking for new debt because they're in a position where they feel like they can't because their sales don't reflect it. >> the point here is really that the recovery post-2008 recession, the problem is it's not a demand-led recovery. that's what's been happening in previous recoveries after a recession. it's always the consumer. it's always the demand that has pushed things forward again m and that's not happening this time. now, larry summers, former treasury secretary and adviser to the administration, writing in "the financial times" this week has been talking very much about how the policies need to be adjusted to create more demand. the problem, of course, is everybody's stuffed to the gills still with debt. they don't have any equity in

their homes. that's another problem. it's going to take time for this to work its way through and the pipeline of the economy. >> stick where you guys are. we have a lot more to talk about to run through all of this. when it comes to making money in the stock market, it might be better to leave that to the woman of the house, the difference between how women and men invest next. [ male announcer ] introducing the ultimate business phone -- the motorola expert from sprint. its powerful tools help you work faster and smarter so you can get back to playing "angry birds." it lets you access business forms on the go, fire off e-mails with the qwerty keypad,

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use caution when driving or operating machinery. common side effects include nausea, trouble sleeping, and unusual dreams. ♪ it feels wonderful. i don't smoke. i don't smoke. [ male announcer ] talk to your doctor to find out if chantix is right for you. learn about the chantix challenge. chantix may not work for everyone. if you aren't quit after 12 weeks, we'll refund your cost of trying it. learn more at chantix.com. 2010 was a great year for stocks with the s&p 500 gaining nearly 13%. that's just one of the reasons that members of congress may not be feeling your pain. among the wealthiest members of congress, house minority leader nancy pelosi is worth at least $35 million. that's according to new financial disclosures. that's up 62% from 2009.

one of her republican colleagues in the house, darrell issa, is worth $220 million. that's up 37%. he made his money before he came to washington. richard, you got the royal family in london. so you have some rich people there. but this is supposed to be the people's house. from your point of view across the pond, is america just a nation run by a bunch of rich people? >> oh, please. please! get off your high horse on this question. all right. so there are a couple of rich people in congress who either have made their money through family connections or through other enterprises before they went into politics. but does anybody think that nancy pelosi has gone into politics to make money or indeed anybody really goes through the grunt and the grind of getting into the house or the senate -- what point are you making? there are rich people in politics? >> yes.

people -- these people, they've got a lot of money. we're talking about the average household income in this country, $50,000. do you think that it disconnects them a little bit from what's going on? >> i think for most people in congress -- you don't go to congress to get rich. you're not getting paid enough. >> but you can't go to congress unless you're rich. >> that's the issue. it's harder and harder to really become a political representative, a congressional representative if you either don't have a lot of money yourself or you don't have access to a lot of money. and in an economy where people who are middle class and lower middle class are struggling, it doesn't inspire confidence in your representatives to know that they really can't feel your pain, for the most part. but it's going too far to say that they're going to congress and getting rich off going to congress. >> what do you think, leigh? >> we can find plenty of examples of people in congress who aren't millionaires. >> and it's taken barney frank about 30 years of being in congress to be able to amass $1

million, i think. >> but even talking about the people who built their wealth before coming to congress, if they're invested in the stock market, that's great. that's the equivalent of having a ceo invested in its own company. you want the people to be incentivize to bring the economy back -- >> except we're talking about an economy with a stock market that's going up but people aren't getting jobs. >> that's true. that's a very fair point. >> hang on. one thing you do need to think about. never mind how much money they've got. what about the benefits that they enjoy while they're in congress? that, perhaps, is more important -- the pension benefits, the sickness benefits, the medical benefits. it's those things that perhaps means they can't understand the difficulties of ordinary working americans. >> and that is probably very true. i want to talk about protests against austerity measures in greece. this week, they turned violent. there are fears of a possible greek default, taking its toll in the u.s. on markets as well.

could it get worse here at home, too? alan greenspan thinks a default by greece is, quote, almost certain. he says that that could help drive the u.s. economy back into recession. richard, why would greece defaulting on its debt potentially cause such a catastrophic outcome for the united states? >> firstly, if greece goes, goes ireland and portugal -- the contagion effect. and the lehman effect. who in your counterparty is good for their money and who is not? of course, a small country like greece has no direct effect on the united states. that is a given. but the ripple effects as they move out from the mediterranean, that's where you need to be -- >> we started with class wars. i want to move into gender war now, if we can. that is always not confrontational. are women less likely to get in on risky ipos? when it comes to investing,

seems women and men have very different strategies. a new study show that is men have a higher risk tolerance than women. men feel better about trading frequently and trying to time the market and they tend to get less stressed about it. women, on the other hand, tend to have a greater desire for self-control. leigh, it's you and me against richard and alfred. are we better investors? is that what i take to this? >> yes, women are better investors. if you're measuring it by how effectively to invest, how much money they make. for a long time, the investment clubs were big. studies showed that all female investment clubs outperforms the male clubs. women don't have their ego tied into being right. they're much more willing to say, you know what, maybe this isn't the best thing to say in. we get into it and we're like, this stock is going to perform and i'm going to hold on until

it does. >> tell us why we're better investors? >> the risk is a big part of it and the emotion. we have a 40 under 40 list at "fortune." and every year we get a lot of flak but there aren't a lot of women on it. women don't take as much risk. it takes a lot of risk to try to start a company like google. you won't find a woman entrepreneur who's started a company of that size. that's changing and we hope it will change more. it's really true. we don't take risks. we don't raise our hand in a room full of men. this is behavior that is true. a lot of people have actually said the financial crisis might have been worked out differently if there was a woman in the room -- >> at the highest echelons of any business or any government, it's important to have a mix of men and women because you can temp ter risk of soberness and

analysis and good judgments can be made. >> if i would have suggested the opposite, you would be the first person to be shrieking sexism at me. women do slow and steady while men are boom and bust. >> women are the long-term stock and men are a tech bubble, is that what you're telling me? is it back to the days of the tech bubble? some are wondering if this internet radio company, pandora, if it's bubble time. pandora went public. it's the latest in a slew of initial public offerings for companies like linkedin and groupon. pandora shares have swung wildly. what's driving the demand for companies that have yet to become consistently profitable? >> it is not the same at '99. >> good. >> a lot of the ipos and tech companies from the tech bust before, it literally was air.

literally you could not explain the profit model. i think there's some of that still here now. and i'm not sure i totally understand pandora's story. but i think there are other companies that are going public now, that there is a credible story and that it's not total air. >> what do you think, leigh? >> well, there is certainly some froth out there. the market is famously susceptible to psychological factors. my dry cleaner told me this morning that facebook is going public next year. that's a sign of the times. you never want to say it's different this time. but these companies, there are five big, big ones. there were 300 in 1999. these companies, these five, actually all of them, even twitter, they're making money. linkedin -- these companies are profitable. linkedin has 100 million users, tons of revenue. there are the financials to back this up. there hasn't been access to these companies. people have been waiting a long time this time around. it's tempered.

there's not a -- i can see why people are comparing it to 1999. it is a little bit different. >> but it's all about the facebook ipo. that is the holy grail, the facebook ipo. >> nope, nope, nope. your other guests -- in 1999, we said it wasn't like the previous bubble. >> i know, yes. >> then it wasn't like the previous one. the fact is we -- path to profitability, we heard. we would be better off holding our nose, saying it's a bubble and working out how we're not going to be carrying the can when the doo-doo falls on us from above. >> look, i'm a woman, i'm not taking these risks. >> thank you all so much. love the conversation. nice to see you all this weekend. we hear every day about the pain caused by home

foreclosures. find out what it's like to live in foreclosure city, usa.

take a look at this. foreclosure filings have been on the decline now for eight straight months. this is according to realty track. in may filings dropped 35% compared with the previous year and 29% fewer homes were repossessed by banks. but for one town, plainfield, new jersey, that is not the reality. there, the bank owns more homes than anyone else. here's poppy harlow. >> reporter: at a bird's-eye view, plainfield, new jersey, may look like a lot of small towns in america. but when you talk to the folks here, you start to realize something -- the bank owns a big

chunk of this city. >> i moved in three houses and three of the houses that i've lived in have foreclosed and i was forced to move. >> reporter: of the roughly 9,000 homes in plainfield, nearly # 00 are in foreclosure. that's almost three times the national average. >> it's terrible. my kids have to walk past these empty houses. and i'm afraid for them. >> reporter: you won't find padlocks or boarded-up windows but it's not tough to find people thousands of dollars in debt on their homes. right here on east front street alone, there are 25 homes in foreclosure. and just down the way on berkeley terrace, you'll find eight more. crime is now rampant here. police spend their time breaking up gang activity. do you feel as though the amount of foreclosures, really the foreclosure crisis in this city

led to this increased gang violence? >> there may be a relationship in terms of certain areas in the city of plainfield where some of our residents have been laid off who feel hopeless at this point. >> reporter: the highest density of foreclosures is near gang violence. 123 within a half mile. but there are hundreds more all over town. >> the town is going down. taxes are going up. we're suffering. >> reporter: today, home prices continue to fall. there are layoffs in the schools and the city has cut 50% of its workers since february. at this restaurant, the owner says business is slumping. >> there are ups and downs. some days are better, some days are slow. it's tough. >> unless something can turn around, we need a miracle. >> reporter: a miracle. >> we need a miracle. >> poppy joins me now. what do the banks say about foreclosing on so many homes? they are essentially the

homeowner in this town. >> absolutely. what i always think is interesting is the difference between a bank owning a home and a human living in it is a bank doesn't fix things they don't buy things in the town and tu t support the town the way a homeowner does. bank of america just gave us a statement saying they're committed to helping their customers repain their homes. wells fargo says they're working with their borrowers to avoid foreclosures. but some experts from the area said they didn't have the people available to come on the air. we wanted to hear from them what's going on in this area and how to fix it. >> in many cases, residents were renters from someone who owned the home. then they get bumped out. >> three times. >> and if you're the bank, would you rather have somebody paying rent or have an empty property? they have to start designing some programs that make sense. >> what did the mean for the

town long term? 1 in 10 homes in foreclosure. that one block had 25 homes in foreclosure. can you imagine if you're up to date on your taxes and your mortgage if that's your neighbor? it hurts your home. they've lost hundreds of thousands of dollars in revenue. that affects job. they've cut half their workers in less than a year for the city. >> it afcs the school system. >> it's the ripple effect. if you have this sub bornly high unemployment and it's not getting better, doesn't matter how much your loan is modified. if you don't have a job, you can't pay it auto al. >> poppy harlow, thank you so much. it's an important report. when the markets pull back, investors run for cover. but there are some safe ways to invest your money. we'll walk you through it next. my doctor told me calcium

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if you checked out your 401(k) or investments in the last month and a half, no one would blame you for feeling a little queasy. whether this is a correction or a troubling sign of worse days ahead, it is no surprise that many americans are nervous about their money. but there are sectors that historically perform well during a volatile market. matt mccall is author of the book "the next great bull market." what are the strongest sectors in this type of a market? >> this type of market, you look at sectors that -- things that we need. you look at health care, consumer staples, utilities, things that no matter how good it is day to day, no matter how many people are unemployed, we have to wake up every morning and go buy diapers for the kids. it is things we're going to buy no matter what is going on. >> we're showing people the consumer staples, select sector spider. this is an exchange traded fund, xlp, the ticker symbol, up 16% over the past year. >> this is things like kraft, procter & gamble. when kids wake up and hungry for

lunch, you buy kraft macaroni and cheese. you'll be buying things we actually need. sure, they -- if the market completely sells off like a couple of years ago, every stock gets hit. you look at what is called, the staple, the staple is the fact we have to go out every darn day and buy products that are made by the companies that make up the exchange traded fund. >> not sexy but a little bit of alooking for. for folks that want to invest but safely, you picked a stock and etf. let's start with kraft foods. ticker symbol kft. same kind of concept. >> same kind of concept. what is nice about this as well is it pays a 3.4% dividend. >> just owning the stock, they're paying you to own their stock. >> paying you 3.4%. thinking about trying to get a cd or money market these days. 3.4% is a lot of money you're getting each year for holding this stock. not only that, this stock is up 10% this year versus the market, only up 1%. it had a very nice run and, again it goes back to the -- i hate to use the word things, but

things we need to buy. this company, you look at a chart, it is very strong. so this is stock i'm looking to buy on the pullback we had in the market, it is a great opportunity on kraft. >> that pullback is a reason to step in and get it, that's a good time to buy. >> absolutely. >> the etf, top drug and medical related stocks. the ticker is xlv. also had a little bit of a pullback. >> had a little pullback. this is the opportunity. a lot of people say, man, matt, wasn't to buy stock, buy an etf but it is hitting a high. i tell them, wait for the pullback. xlv is pulling back to the sweet spot that you want to be buying and it is a lot of big drug companies. johnson & johnson, merck, pfizer, names that people didn't like for many years but now they have made a comeback. you had this emergence, the demand for health care, drugs, medical equipment, in this etf, a basket of those stocks without taking that company's specific risk to get exposure to that entire health care sector. >> matt mccall, the book is "the next great bull market,"

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personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. time now for the xyz. zero, that's how many times candidates mentioned the word education during cnn's two-hour republican presidential debate. yes, it is early in the campaign season, and there are a host of other important issues, the war, debt, deficits, medicare, social security, yes, and to be fair the candidates weren't asked about education either. but if we want to maintain our place in the world, education needs to be part of the conversation and part of the politics because education leads to innovation, which leads to jobs and right now, frankly, we

need more of both. we spend twice as much per student than we did a generation ago, yet we're still behind in subjects like math and science. only 14% of all undergraduate students enroll in a stem subject, science, technology, engineering, math. a third will switch out of these fields and only two in five will graduate with a stem degree or certification within six years. as the president said this week, quote, these are the jobs of the future, the jobs that china and india are cranking out. those students are hungry because they understand if they get those skills, they can find a good job, they can create companies, they can create businesses, and create wealth. and we're falling behind in the very fields we know are going to be our future. we need quality education to get back to the top and we need our leaders to make it a priority. sure, it is a complicated and controversial issue, everyone from teachers to parents to unions and reformers, they have an opinion. but if we're serious about our future, serious about our economy, we need to get serious about educating the