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tv   Your Money  CNN  October 26, 2013 6:30am-7:01am PDT

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but first, a negotiating stalemate in washington. nothing a pawn breaker can't handle. he'll join christine romans next on "your money." that starts right now. what the tech is going on? twitter stock for sale. what will it cost you to buy in? facebook stock finally soaring. and when it comes to stock prices, everyone is playing follow the leader with google. google shares crossed $1,000 a share this week. and all of this on a week top competitors are trying to steal apple's ipad thunder. on the week bill gates said he was dedicated to putting an
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computer on every desk, on every home. today the battle is for this space, and it's getting ugly. >> this isn't going end well for me, is it? definitely not ending well. do you still think i'm pretty? >> ouch. sales of desk tops and laptops are falling. tablet sales are taking off. here to explain what the tech is going on in tech, samuel, the ipad may be the founding father of tablets, but will it be the last device standing? >> well, it's still the one to beat. they just came out with a new one. it's lighter. it's faster. it still has the $499 price tag. it's heavy for some folk. but there's also the ipad mini which is also now the ipad. it's not called the ipad mini anymore. but it's $399. so it's still a lot of cash. >> it is still an awful lot of cash. >> a lot of people think it has to compete with this thing. the nexus. you look at that.
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it's pretty small. you can hold it in your hand. that's from google. it's $229. it's a big question. should i use ios or should i use android. so i use my mom and dad as the example. my mom already knows the iphone. i tell her just get an ipad. it's hard to relearn a new system. my dad has fat fingers. one thing about android is it has customizable fingers. maybe it's time for my dad to ge an android. >> right now with this fight for supreme supre supremecy are they going to stay the forever? >> android has more market share when it comes to tablets. but android has 62% of market share when it comes to systems. apple only has 32%. but a lot of people already have apps on apple. you may want to stick with apple. you may want b to be stick with
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an android tablet. if you already purchased the apps, you can do that. then there's also this thing. the microsoft surface two came out. it doesn't have nearly as many applications as apple or android. but people like it because of the keyboard. you can get a keyboard for a tack ltablet with apple. a year and a half after facebook's ipo face plant, twitter is ready to go public now. the company says shares will cost between 17 and $20. that's the price for big institutional investors. not for you and me. that can change before the stock launches, of course. the question is should you buy in? matt is here to play our game, buy or sell. nice to see you, matt. >> nice to see you. >> what a crazy week in tech. how concerned are you about twitter. >> well, you know, i'm kind of torn on twitter because it's
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pricing between $17 and $20 a share. you andry not getting that share. that's for big institutional investors. probably will hope at $30 or higher. as the big institutional investor i don't go buy out. it will typically fall out if first few weeks. we saw that with facebook. >> you could buy it. you could sell it. let it sell back. okay, $90 a share. the most expensive ipad air. what you will not get this is this. $1,000 for google shares. what do you think about google? >> i look if the chart. >> for a lot of people, that looks like a sell. >> i'm going to override you. i'm going to jump in and say i still think this is a buy. i may not buy monday morning. at some point you'll have a week that you cool back. >> why? >> you have amazing growth.
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a ratio below 20. and google is everything. they have self driving cars. they are the company that controls the world in my find. >> where are you on the record for apple? you look at this one. people are counting down apple. this is becoming one of the reasons the stock is coming up. also, they've had good product launches lately. >> where we were from the start of the year, we're unchanged. when you have microsoft, this is unchanged. this is extremely bullish pattern. i see this level up there and hold that buy. >> he gives apple a guy. netflix, even the ceo is saying don't get excited about my stock. what do you think? >> if the ceo is telling me not to be excited, i'm not excited either. it's up over 230%.
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right now, if i'm owning it, i'm selling it. i'm taking a profit. >> we can't all look like movie stars. that doesn't mean we can't invest like movie stars. we caught up with jake gyllenhaal. we asked him about the best investing advice he ever got. >> i've seen the financial ups and dough downs of the business and never had much security. i think creating your own security is the best part. being able to put something aside, even if it's in small increments. and we also caught up with curtis jackson. he created an album called "get rich or die trying." >> be careful. hold onto your money. a lot of times your ideas are enough. he should have put a penny in to realize it ain't going to
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go a penny more. >> what america's most famous negotiator can teach washington about making a deal. [ male announcer ] if you can clear a crowd but not your nasal congestion, you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. and other allergy symptoms -- all in one pill. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics.
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staying ahead in a constantly evolving world. that's the value of performance. northrop grumman. gridlock, dysfunction. intransigence. aren't you tired of hearing about the washington dysfunctions? the u.s. needs a long term fix. and it may require something no one in d.c. has thought about yet. so on this show we are giving lawmakers new perspectives, since they clearly don't have any. today we have the most hardcore solution yet. les gold is the star of "hardcore pawn." he's also the author of the book "for what's it's worth". he not only deals with people every day, he makes deal with them. >> my shoes are cleaner than this cash. >> then don't buy it.
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>> i've got cash in my pocket. >> 800 bucks all together. >> sounds good. >> that reminds us of washington's bickering. it can get nasty. >> you have the wall street journal out. it says we don't care how long this lasts because we're winning. this isn't some damn game. >> i read that modern day anarchists in the house are celebrating the shutdown. >> it's pretty unfathomable to me to see the democrats are voting against the veterans. >> i urge our colleagues to see this for what it is. it's pathetic. it's not responsible. >> oh my. one of the most important lessons you learned in the pawn business is close the deal in matter what. how do they get the focus back on closing the deal? >> i wish i could answer the question. that's something that's going to be in the arena for a long time. there's so many issues with this medical issue.
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there's so many things going on in washington right now. they're so caught up in this emotional voovmt. they need to get the emotion out of it and understand what do they really want to accomplish? i don't think anybody knows what that is yet. that's why it will never be resolved. >> how do you break down a stubborn customer? somebody walks through the stores of your door. how do you break down a stubborn customer who will not move from their position? >> that's one of the issues that we're dealing with. nobody knows what that will take. when i'm selling a ring or when we were on the streets of new york we knew there was an item. we knew it had value. we knew we didn't want to pay too much. in the political arena right now, i don't think anybody knows what they want and that's the problem. that's when a deal is going to be made. once they figure out what their bottom line is going to be. >> we talked to a hostage
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negotiator. he says ultimately the authority lies in the president. the president has to put the leadership. that's the ultimate deal maker. you, and in the end, your place, you are the ultimate dealmaker. you decide whether it's going to happen. is it the case that there are too many people involved in the deal? >> well, you know, the president already made the deal, you either agree with it or you don't. i don't think there's a variable when it comes to that. so the bottom line is what does the president think? what does he think it is. you have both sides bickering. but there's no resolution. who is going to win? hopefully the people of the united states will win. that's the ultimate goal. how we get there, i wish i could answer. >> i love hearing your
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perspectiv perspectives. >> pawnshop politics. >> pawnshops are easy. politics are tough. >> thanks so much. love that you're doing business in detroit. we wish the best for detroit and everybody doing business there. thanks, les. >> thanks so much. >> for more stories that matter to your money. give me 60 seconds on the clock. it's money time. more young people are just saying no to work. in 2000, 83% of 20 to 34-year-olds had jobs or were looking. today it's less than 78%. men are doing more grocery shopping and food makers are taking notice. buzz words like ultimate and commercials like this are designed to snag male customers. from singles in a search bar, accordsing to a new survey, 38% of sings have used online
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didding. 38% of singles say it's a good way to meet people. a 15% jump. good news for gas prices. watch out for air fares. you can expect to pay 9% more for thanksgiving travel. tax season will be delayed thanks to the government shutdown. the irs will start processing returns around the end of january. a week or two later than planned. that won't push back the april 15th deadline to file. and trains are chugging into cyberspace. the 113-year-old brand is going digital with a new ipad and a new ipad app game. hundreds of millions of dollars, the new obama care website a disaster. where all that money went next. [ horn honks ]
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washington can't stop talking about obama care.
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and both sides are frustrated for different reasons. nobody is madder than me about the fact that the website isn't working as well as it should, which means it's going to get fixed. >> i intend to speak in support of defunding obama care until i am no longer able to stand. >> so what are they really saying? i want to show you something. it's called a word cloud. the words said the most appear the largest in the cloud. this is a word cloud for president obama's statement on monday. i want to show you what really strikes me here. he wants to get people insurance. the president apologizing for the website. the president wants to get people insurance. now here's another word cloud from ted cruz's 21 filibuster. during it came up over and over again obama care. a dirty word among his
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contingent and protecting the american people from obama care. each side clearly has a message. what word isn't nearly big enough in either of these? the word money. we know the government is pouring millions into health care. healthcare.gov. help us follow the money. who is making the money. if the shutdown was no way to run a business, this rollout is no way to run a tech business. who is making the money here? >> federal contractors pretty much walked away with hundreds of millions of dollars in taxpayer money for a website that barely even works. we're talking about 55 contractors. 4,500 insurance. this has to be one of the most complex websites ever created. for all that money what did we get? we got problems online. lengthy wait times. error messages. the big question as you asked us who got paid. let's talk about cgi federal. a lead contractor that is responsible for enrollment
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process. they landed the heftiest contract. we're talking $200 million total. and optum will gain a possible 85 million. at the congressional hearing this thursday, listen to how contractors washed their hands of any blame. >> we have no role in a development of the website. we have no role in the determination of eligibility and no role in health care selection. >> our role is limited. >> first set of issues on the exchange contained another enterprise. >> cgi was not the only one raking in cash. $31 million was paid to national government services for consumer call center and the mutual
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corporation got $22 million for project management and i.t. security. why the big flop? should the administration start from scratch? senator john mccain has his own ideas on a possible quick fix. >> it's been a fiasco. send air force one out to silicon valley and load it up with smart people and send them back to washington to fix this problem. it's ridiculous and everyone knows that. >> a lot of confusion. the old adage that you get what you pay for certainly did not apply in this case. >> it's just so frustrating. everybody is just so frustrated by it. especially if you are trying to get insurance for the first time. thank you. coming up, a $6 ticket to a red sox world series game. the company that sold it said it's not legit.
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the boston red sox and st. louis cardinals are slugging it out in the world series. tickets start around $400. one fan got into fenway for less than the cost of a beer. eric bought a $6 ticket to game one of the world series on stub hub. after 40 minutes on the phone with the website, they offered a $50 credit. he pushed back and so did a few media outlets saying stubhub should cover a ticket to the game. it worked. he sent us these photos from game one. nice seats. breaking with world series tradition, st. louis mayor tweeted he won't participate in a bet with the boston mayor. why? he said bets take time away from his work for the city. hear that, washington? the mayor is promoting a fund-raising effort between churches in the two cities. the governors of massachusetts and missouri, they are betting all right. if st. louis wins, clam chowder
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and beverages from polar will head west. and chocolate and cardinal cream soda will come east if the red sox win and goodies from local bakeries near each of the governor's offices. president obama says he's madder than anyone else about the botched rollout of healthcare.gov. don't tell that to the woman smiling on the homepage. who is she? our own jeanne moos set out to find the mona lisa of our time. >> reporter: have you seen the mystery girl? she's not missing but almost impossible to miss. >> the botch eed rollout of heah carom barembarrassed the white house. >> she's smiling at us from our computers. this isn't the face of obama care, this is. critics are having a field day tweeting congrats smiling
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healthcare.gov stock photo girl. you're now the most despised face on planet earth. how would you like having your face associated with phrases like problem plagued. watch your back, newscasters. she's behind you. screen left takes the heat for the obama website glitches. >> screen right. >> the company responsible for building much of the website didn't call us back nor did health and human services. >> this is not a quick process. >> a small company that originally worked on the homepage told us she was part of the mock-up from the design folks. we checked stock photo files but couldn't find her. her face is even being defaced. does she have obama care someone tweeted? obama care girl isn't getting the love the original obama girl got back in 2008. some of crushing obama care gin
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"friends." >> i'm actor/model. >> but the dream modeling job became a nightmare when he saw his photo plastered all over new york in a poster warning vd. you never know who might have it. obama care girls friends snickering like joey's? >> we're just laughing. you know how laughter can be infectious. >> obama care is the treatment. not the disease. while the original obama girl sang of health care reform -- ♪ poor obama care girl gets the cold shoulder and all she does is smile. the mona lisa of health care. jeanne moos, cnn. if this is you, call me. >> check out our block to find the full video of us hitting the
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streets of new york. that's at the top of the page. cnn.com/yourmoney. coming up at 2:00 p.m. eastern, is it time for a $15 minimum wage. how one phone call is pushing this conversation forward. we'll see you at 2:00. >> all african-americans shouldn't shop at barneys. it was a hurtful thing. >> shopping while black is the crime two more people say they were accused of at high end new york stores and even jay-z found himself caught in the controversy now. the american public was dumped with the ultimate cash for clunkers. >> not the best week for obama care. a partisan

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