day saturday." we will see you at the top of the hour. >> we will have christine romans with "your money" next. this weekend, let's give thanks for what's working in this economy. let's push to fix what's not. i'm christine romans. we have come a long way, but we have a long way to go. it is all in the eye of the beholder. first, put on your rose-colored glasses. your 401(k) is on fire. the index touching new milestones. look through the broken glasses. only half of america is invested in stocks. what happened when the federal reserves does this? stocks fall sharply.

back to the rosy glasses. now back to the broken glasses. until first time home buyers come back, it is not back to normal. 28% of october sales were first time buyers. let's look at jobs. jobs are coming back. 204,000 create in the october. this is a low wage job recovery. nearly 60% of the jobs created in the economy since 2010 have been lower paying occupations. ken rogath is with us. maggie lake is here with us. ken, which glasses are you wearing when it comes to the u.s. economy? >> i think i have one eye broken lens and one eye rosy. you summarized it well, christine. i think for the next few years, we are still healing a lot of long-term unemployed and divisiveness politically. on the other hand, we have

phenomenal strength over the long run in the entrepreneurship. the rest of the world still looks at us with envy. >> that is true. maggie, the rest of the world looks at returns in the stock market with envy. they are also worries. without the fed proposing things up, the bubble could burst. >> i have experts tell me no it is not. it is timing. we are digging out from a big hole. all of the evaluations high. social media and some of those stocks looking rich. when it comes to everything else, corporate balance sheets are good, the economy is growing. it looks like the best game in town. the fed is behind it, but a lot of people think 2014 may be the year when the economy picks up. >> ken last week told us it is a bubble, but it will not burst. the fed will not allow it to

burst. you say stay thankful for what you have in front of you. the stock market has been that big fat turkey to be thankful for. ken, you say the biggest problem in the u.s. economy is inequity of income and wealth. how do we nation? >> certainly it is not moving fast and it will not be helpful if they cut back on food stamps next year, which is one of the most defectieffective anti-pove programs. there was a ray of hope a few years ago when they had the simpson bipartisanship. something has to happen through the tax system and public education and adult education and resumption of growth. >> we are talking about pulling back so much of the stimulus,

unemployment, food stamps, some of the spending we have become used to over the past few years. that will start rolling off. is that dangerous? >> i think the timing is not good if we are talking about doing a further sequester next year. there is still the fragile economy. i would go slower on it. i think that we also should do a lot more public investment. we are almost at an all-time low. there are a lot of things that need to be fixed. interest rates are really low. there are things we could do to make things better without taking big risks. there is so much divisiveness in washington, a poisoned atmosphere of discourse. that worries me more than anything right now. >> that is something duly noted. maggie, europe is a concern. unemployment is 12%. long term positives that ken is talking about, but the short-term, we are not creating

the gang buster jobs. >> what we are doing right is the fact and what helped us is the federal reserve that has pulled out all of the stops and done everything it can. >> to create new things. >> threw out the rule book to help the economy. what is hurting us is where we differ from europe. what is hurting us now is the fact that we have the political impasse in washington. until they get a come presence sif budget in washington, they cannot do that investing to get the unemployment or long-term unemployment back into the working ranks. >> maggie lakes and ken rogoff, thank you so much. thanks, ken. a rare change of leadership at walmart in the midst of black friday promotions and controversy of wages. since walmart was founded in

1962, there have been three ceos. over that same time span, five popes. that gives you an example of the rare change of leadership. 47-year-old doug macmillan. he said he learned more in six months at walmart than five and a half months at school. mcmillon succeeds mike duke. give me 60 seconds on the clock. it's money time. obama care on trial again. the supreme court will decide if corporations can invoke religious believes to deny birth control. home prices jumped 11% from a year ago. it is the first double digit year over gain since early 2006. men's warehouse likes the

way joseph a. banks looks after fighting off the bid from the rival. men's warehouse turned the tables. it is bidding $1.5 billion for it. if something is trending on twitter, fake accounts are less than 5% of the 230 million active users, but some experts think it is higher. the world's most valuable book sold this week for $14 million in new york. the book is the the first book ever written and printed in america. and it is not exactly an economy car, but the maserati's car will set you back $65,000. it is trying to lure more buyers. coming up from san quentin to silicon valley. >> i was sentenced in 1994. at 25 years old, i started entertaining thoughts of i might die in prison.

>> what did you talk about? >> motorola just came out with the flip phone. >> still locked up, but now making a case to venture capitalist. not the parole board. inside one of the most dangerous prisons in search of tech entrepreneurs. that's next. smsiness credit with amazing rewards. with the spark cash card from capital one, i get 2% cash back on every purchase, every day. i break my back around here. finally someone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer ] get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every day. what's in your wallet? i need your timesheets, larry! what's in your wallet? stick with innovation. stick with power. stick with technology. get the new flexcare platinum

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silicon valley. the future of america's hope. san quentin prison is an hour away in california. for many, it is a hopeless place until now. we have lauren siegel here with more on how the most notorious prisons in america with tech savvy entrepreneurships. >> christine, it is quickly becoming a reality.

check it out. this is san quentin state prison. inmates spend 10, 20 or 30--year sentences here. some will never leave. behind bars, murderers, thieves. one that is surprising. even tremendo entrepreneurs. that's chris along with his wife, he started the program to do what many do. solve a problem. >> in california, we spend more for prisons than education. >> reporter: more than half end up back behind bars within three years. one reason, they cannot find work. >> i'm a go getter in starting my company with a vision. >> reporter: like many others in the bay area, these are becoming tech entrepreneurs.

that is what the last mile is helping him do. >> i would franchise it first. >> reporter: the program is highly competitive. only 30 inmates are enrolled. they study social media and technology and entrepreneurship. behind bars, they are learning to build modern day businesses with motorola and big name supporters like m.c. hammer. >> to take the start up culture and say let's share that information and make it available to men and women who deserve a second opportunity. i thought it was a great idea. >> reporter: like any tech incubator, they pitch their product. >> you can subscribe to our service. >> reporter: not just to nick and bev, but capitalists. they talk about apps in social

media class. many have yet to hold a smartphone. >> this has given them the confidence to be successful. >> if i can conquer eight years of incarceratioincarceration, i an entrepreneur. >> reporter: most have never used twitter or facebook. most did not exist when they were locked away. >> if you had access to one of those tools, which would it be? >> i would use twitter. >> reporter: for those getting out, there is hope in the ethos of the valley. >> silicon valley is the ideal place. this is the place where people succeed or fail and start all over again. >> reporter: and there is proof. because of the last mile, he walked through the prison gates 19 years later with a job any grad would get excited for. >> i was sentenced to 25-to-life in 1994. i started entertaining thoughts

i might die in prison. >> reporter: what was everyone talking about? >> motorola just came out with the flip phone. >> reporter: he landed a job at rocket space. >> just this past friday, i was blessed to turn 45 years old. i had good friends asking when what will i do for my birthday. i had to work overtime. to say i'm going to work felt so good. >> reporter: we sat down with him and two former inmates. all of them have coveted jobs in technology. can prisoners make good entrepreneurs? >> absolutely. when you look around, so many people in prison, they have entrepreneurial skill sets. they use them in a negative way. >> none of us when we started getting in trouble, we were not conforming. we thought outside the box.

we were outcasts. >> i think anyone that is brave enough to go and want to be an entrepreneur, you have to be resilient. that is what prison teaches you. how to be resilient and try to win against all odds although the deck is stacked against us so much. >> christine, they don't have access to technology. they are physically writing out tweets that volunteers later tweet for them. the idea is to give them a voice. if they get out or when they get out, they are not looked at as an ex-con. >> you show people in prison for decades and getting out and becoming interns at great tech start ups. thanks, laurie segall. great story. it is more economically divided than iran or syria and it is here in the u.s. >> i don't down anybody for what

they got. i would like to know how they got it so i can get it, too. >> we will take you to the most unequal place in america next. with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. man: [ laughs ] those look like baby steps now. but they were some pretty good moves.

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this is one america with two economies. a middle class squeezed. a minnesoimum wage not keeping with inflation. and the way out of poverty, college education, blocked by some by sky wokting costs. cnn's change the list project lets you get involved in pushing for social change. this summer, you picked income inequality as the top social justice issue of our time. and nowhere is the gap between the rich and the poor as wide as it is in lake providence, louisiana. cnn's john sutter travelled to the most unequal place in the country. >> reporter: lake providence is less than a mile wide, but it separates two worlds. the poor largely live on one side of the lake, the rich the other. sure, there's a road that connects the two, but the lake is a potent symbol and a real

barrier. on the southside of lake providence, i met dolores gilmore. she rarely goes to the north side and doesn't know what it's like over there. she makes about $18,000 a year as an overnight prison guard. she's never had a bank account, i was shocked to learn. dolores raised eight kids, including a stepson and nephew, who she says her sister abandoned. >> i couldn't buy them, you know, a lot of stuff, underwear, you know, stuff like that. sometimes we don't have household supplies, you know, because we have to buy food. so i'm going to feed them. >> reporter: but as bad as it seems for dolores, she knows it could be worse. in east care roll parish, the poorest fifth makes $6,800, the top 5% makes $600,000. and that's the reason this place is so unequal. there aren't that many people like dolores in between. there's almost no middle class.

across the water, i met thomas terryl, one of the richest men in town. terryl's family owns several farm business services in the area. >> my mission was to supply as many jobs as we could, of course, we were a small company, and i think the most employees we ever had was a little under 70, 68, something. >> reporter: the town's mayor owns one of the largest family farms in the parish. >> when i was growing up, everything was hand labor just about. so we had hundreds of people working on the farm. and now, you can go out to a farm now that several thousand acres and you'll see one guy on a tractor. soally those kind of jobs are gone. >> reporter: the saddest thing about income inequality is the longest it goes on and the more extreme it gets, the more people on the bottom end of the spectrum start to lose hope. >> i can't stop working to go to school, because i got too many bills.

>> reporter: despite how much many here are struggling, there are some trying to change things. andrea, from the poor side of the lake, and recently opened her own restaurant. she can't afford to pay all of her workers above the minimum wage for now, but she hopes to. >> you can't make a profit on the back of somebody else. in order for me to do well, they have to do well. >> reporter: and before you leave, you definitely need to spend time with dee dee willis. she graduated last year from the public high school and started her first semester of college this fall. willis would have had every reason to give up on her community. but she believes things will change. >> if one day someone just came, dee dee, here's $1 million, do what you like with, i would build a huge bridge across the lake. >> reporter: christine, despite the divisions, there are reasons for hope. while i was there, i visited a soul food festival, set up specifically to bring people from the north and southsides of

the lake. the town's mayor is pushing for a biofuels plant to come to town, and that created 50 new jobs. there's a genuine feeling that people want this place to change, they want to see some of the divisions fade into history, you know, and they really are working to make things better. so i do see plenty of reason for hope for this place and the rest of the country. christine? >> that's good to hear. and income inequality is the big story of the year. three hit albums, two american music awards, onedirection, there they are, the business of being an insanely popular boy band. that's next. hey america, even though she doesn't need them, cheryl burke is cha-cha-ing in depend silhouette briefs for charity, to prove that with soft fabric and waistband, the best protection looks, fits, and feels just like underwear. get a free sample and try for yourself. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker.

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of being one direction. british invasion or boy band sensation. the business of being one direction is something to scream about. ♪ [ screams ] all five band members tried out with the x factor as solo, and the judges decided they'd be better as a group. and they all became one direction. they finished only third on the show, but x factor creator simon cowell signed the band to his record label. >> you are the most exciting pop band in the country. >> reporter: taking them from reality show to real-life stars. their first hit -- ♪ that's what makes you beautiful ♪ >> reporter: -- from the debut album "up all night," and one direction is where they've gone ever since. they sold 5 million copies and reached number one in 17 countries. true. and this time, topping the charts in 37 countries for the

band's second album, featuring the hit, "live while we're young." ♪ let's go crazy >> reporter: and live they did to another 5 million copies sold. >> make some noise! >> reporter: the concert movie, "one direction: this is us," took in a supersized $68 million worldwide. >> we love you, one direction! >> reporter: now, they're out with the best song ever -- ♪ the best song ever >> reporter: and the album is number one on itunes. but don't worry if you can't score tickets to the concert tour. there are books. dolls. perfume. and anything else the teenage heart desires -- >> oh, yeah? >> reporter: "forbes" estimates they brought in $40 million in the past year, and they gave something back. ♪ one way or another >> reporter: they made this music video to raise money for comic relief. clearly, the business of being one direction is --

♪ makes you beautiful >> all right. that's it for this edition of "your money." hope you had a great thanksgiving. we'll see you back here at 2:00 p.m. eastern. i have a brand new "your money" for you this afternoon. see you then. a crowd scottish pub turns to chaos after a police helicopter crashes through the roof. at least one dead, dozens of others injured, and many are still trapped inside. fire and tempers flare, unbelievable scene as black friday shoppers go berserk, all trying to score the best bargain. and the second chance to impress, just hours to go before a self-imposed deadline. will healthcare.gov be ready for prime time this ti