grandparents of a beautiful girl. charlotte clinton mezvinsky. chelsea is well and glowing, marc is bursting with pride. charlotte's life is off to a good start." all right, thanks so much for spending your day with me. i'm fredricka whitfield. "cnn money" starts right now. bombs raining down on isis targets. but stopping the world's richest terrorist group comes with a price tag for america. i'm christine romans. this is "cnn money." >> america at war in the mideast again. >> we will not tolerate safe havens for terrorist who is threaten our people. >> the united states launch arg strikes in syria against isis. a terror group that rakes in up to $3 million a day by selling oil on the black market. >> they are very well funded. >> part of the president's strategy, cut off the flow of funds. >> it's time to end the hypocrisy of those who accumulate wealth through the global economy and then siphon

funds to those who teach children to tear it down. >> as the u.s. and its allies target terrorists' deep pockets, america is again tapping its war chest. just one tomahawk missile costs $1.5 million. flying an f-22, $62,000 an hour. and the bills are just beginning. >> we're going to degrade, defeat isil. that could take years. >> we're going to do what is necessary to get this job done. >> this is not something quick or easy. >> the costs escalate. is america prepared to pay up? lawrence corbin is a senior fellow at the senior for american progress. larry, nice to see you. america has already paid for these planes and missiles. but this fight could go on for years. can america afford this? can it afford more spending on things like this in an age of

budget cuts >> they're estimating it will cost $3.5 to $7 billion a year. they have what we call an emergency fund or overseas contingency operation fund, which this year will be about $60 billion. and what they've done up to now, they've put a lot of things that should be in the normal budget in there. just to give you an example, between fiscal year 2014, which is about to end and 2015, which starts 1 october, the overseas contingency budget, basically for afghanistan, went from roughly 90 to 60, but the number of troops went down by 80%. and basically, they're funding things like the navy's deployment to the pacific, and remember that most of the things you're talking about, we've already bought and paid for. the planes and the missiles in the regular budget. >> so the cost of this

operation, obviously, is a fraction of what the occupation, for example, was, or the past ten years of the war on terror. but what about the hit to the american psyche. the u.s. is trying to get out of the mideast. now it's back in. we're back on war footing again, larry. >> well, that's a different issue. and you know, my personal opinion is, since americans, about 60%, you know, according to the polls, support this, i would say since it has to be paid. let's have a surtax to pay for it. that would get the people more involved, because since we don't have a draft anymore, basically, the americans go, oh, that's great, let's do it. but it doesn't cost us anything. and we should have done that during the wars in iraq and afghanistan, which cost us at least $2 trillion in direct costs. >> yeah, you know, you say that the pentagon doesn't have a money problem. it has a money management problem. i mean, every year, you can't even audit the department of defense. it loses track of billions of dollars. explain to me the management problem. >> what's happened is, and even

people like john mccain and senator mccain, who are big supporters of defense, the sequestration, which capped defense spending at $500 billion, which really only takes it back to where it was, even if you control inflation in 2007, was caused by the cost overruns and the poor management. i mean, for example, the f-35, the new joint strike fighter, they started developing it before they had worked out all the bugs. and because the budget went up so much between 2001 and 2010, people didn't pay the attention that they should have, nor did they have the top management that they needed. >> lawrence korb, have to leave it there. nice to talk to you. soon we'll be talking to you again soon. by all accounts, this is going to take awhile. cristina alesci joins me now. planes and missiles don't come cheap. how quickly are these costs adding up? >> the pentagon mentioned this

number, the average per-day cost. but anybody that's been paying attention to what's happening will notice that it's not much different than the number we got at the end of august. and we've stepped up the campaign significantly. just this week alone, we started bombing syria. and we led that effort with a huge strike, 47 tomahawk missiles. you mentioned the tomahawks before. it's one of our most expensive missiles. $1.5 million. the navy went through about $70 million worth of supply. now, you could argue, we had that supply, but at some point, it's going to need to be replenished. then you look at, okay, yes, we paid for the fighter jets, paid for the f-22 raptors, the most expensive, you know, aircraft in military history. but if you actually look at the cost of flying, this costs money every time you go up in the air. yeah, you paid for the aircraft, the f-22 goes for $62,000 an hour when you look at maintenance and fuel costs. >> some people in the military start to argue about training,

though. sometimes this comes out of training budgets and you're already training in those aircraft anyway. so there are a certain number of flight hours that are coming up. but the irony, which is so interesting and catching people at the end of the week, the united states is actually bombing its own equipment. the united states bombing its own equipment. the equipment it gave or sold to the iraqi military, but now fell into the wrong hands. >> this is a story i've been reporting on all week. what it comes down to is this region is super complex. and we left a bunch of humvees and mine-resistant vehicles behind. we left behind is more like we gave them to the iraqi army, they fell into isis hands, now we have to destroy them. and again, this is the complexity of operating in this region. where you never know where your equipment is going to go. but here's the thing. years from now, when we are out of this region, we'll have to re-supply iraq, that's what military experts are saying, if we want it to protect its own borders. so even when we talk about the average cost per day right now, what we have to be looking for

is the future cost. we're not going to be there for a year or two or three. we'll be there, potentially, much longer with, and then you have to look at the replenishment costs to make sure that these countries can protect themselves on their own. >> it is the mathematics of war, since the beginning of navies, they've been scuttling their own ships, right, to keep them out of the hands of others. >> you would we would have come up with better technology to shut them off remotely. >> cristina alesci, thank you. coming up, a buggy ios update and complaints of a bendy iphone. just the regular new-product backlash for apple or does the product have a lemon on its hands? whenwork with equity experts who work with regional experts

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iphones bending, software failing, and a blue tooth bug. apple dealing with some bruises. that leads our cnn money top four this week. on our panel, laurie siegel, cristina alesci, and samuel. it did not bend for you, but on social media, they're calling it bendgate. >> listen, you can bend the truth, bend it like beckham, and some people have managed to bend the iphone 6 plus. but apple says it's just nine people. it could be more than that. not everybody goes to apple with their problems. so apple is trying to mitigate this issue, was they can't mitigate the fact that 8.0.1 was a colossal failure. they had to pull back that update. already people are reporting some problems with 8.0.2. but at the end of the day, they

send 10 million phones last weekend. >> if it's nine people in very tight jeans who bended their iphones -- >> and people always like to make apple seem like a little bit like a lemon, because it is kind of the leader and gets all the attention. >> and investors were not happy with all the headlines that were rolling this week. in fact, apple led a decline in tech stocks. . and this week, it hit the worst level since when we saw the hackers steal photos from icloud. so it was a bad week for apple. >> did it lead the market or part of the market's problem? i'm not sure. >> i think at the end of the day, people are forgiving, right? that stock will go up. i think everyone knows when a new ios update comes out, it's a little buggy. people wait a couple of days. no one's going to remember bend gaed in the next couple of days. >> my favorite was the heineken tweet that showed the crumpled, bent heineken camp that said, we meant for our product to do

that. walmart getting into the banking business, teaming up with green.bank. you can buy the starter kit at walmart stores nationwide in october for $2.95. then you've got citibank, offering customers for a checking account with no checks. customers will be able -- will not be able to overdraw their accounts, which is key. key. we saw a similar move last year from bank of america. what's going on here? what's the catch? >> the bigger store is overdraft fees. a lot of these banks, especially walmart and the other example you cited, citibank, they're getting rid of this idea that you can get banked for an overdraft fee. that's because regulator have said paying attention to this. the consumer protection bureau came out with a report last year that said, on average, people spend about $225 on overdraft fees. that's a lot of money for people at the lower end, which is exactly the kind of customer -- >> you have to hospital into overdraft fees. the number one personal finance

rule is don't opt into overdraft fees. >> when i hear walmart and checking, i think of a rotary fun that is so passe, so much of my generation are moving to apps like go bank, which don't have these fees already. and the real thing we want to be able to do is transfer money from bank account to bank account. so many people are using eveven. that's how everybody's paying these days and i think that's what these banks talk about. >> you talk about your generation, when you look at millennials, they're using prepaid debit cards and prepaid cards and they can have very high fees. that's the type of place that these places like citi and other are catering too. >> i agree with samuel. when i think of even writing a check, i don't even think of physically writing a check now. that's not even something i would think about when doing it. but we hear about all of these different start-ups and all of the community kind of coming together to say, hey, this would be much easier, much more seamless, and addressing some of those issues that you've been speaking about.

>> from writing checks to checking out. employees at vergent group just got a sweet bonus. all the days off they want. richard branson's employees can take vacation days as many days as they want, as long as they work in the company's central locations of new york, london, geneva, and sydney. lori, netflix and some other tech companies do this. >> if they tell me i can take as many days off and start taking those days off, am i going to get vacation guilt? ever note, a huge start-up, they say you get a month after vacation time. but one thing that's interesting about evernote, they say, you are forced to take it. we want you to check out a little bit. look, it completely depends on the industry. are you paid hourly? a lot of times we have our mobile devices, so we're never really off work in general. but it definitely stems from the start-up company, that might be bleeding over into different types of job. >> and the fine print here,

there's 160 employees that actually qualify for this benefit. so it's not the company that vergent group is invested in, which is a much larger empire. they're trying it on a smaller scale, and perhaps in the future rolling it out in a big way. but in reality, anyone that wants to be really successful, whether it be in the start-up world or any other industry, they're not taking time off. this idea of work/life balance is a little bit overblown. >> richard branson is not the only person that's advocating for it. carlos slim, second richest person in the world from mexico, he's advocating for a three-day workweek. these are very smart billionaires. i lived in london and worked for cnn europe for a couple of years. they did it there too. you get about as much vacation time as you want. >> a three-day workweek, and we'll reporting from london next week. jared letto and snoop dogg lets investors trade stocks for free. i've been hearing about this app for a year.

why is it drawing so many celebrity investors? >> you talked about this a couple of weeks ago. more americans own cats than stocks and i think this application might be able to change all of that, by getting rid of that little fee, which you have to pay to buy stocks. >> trading stocks for free. i get the concept. >> but it's so little. if you go on an online platform and paying $6 or $7 to trade, if you're trading $10,000, it's really a drop in the bucket. other people have tried this before,. >> but it could work the way skype did. that's what they're trying to do. >> i think one point we need to make here is celebrity investors, right? a celebrity is attaching their names though these products that maybe haven't even launched yet. but jared letto invested in nest that sold to google for $3 million. noz was on stage with ashton kutcher, who's invested in air

b&b, foursquare, job stage with horowitz, they're all wrapping together. these relationships are very, very integrated, especially in the valley. you'll see more and more of these celebrity-backed start-ups. >> maybe they're not busy enough in hollywood. >> you can make more on a start-up now than you can being a huge celebrity rapper. >> so interesting. nice to see al of you. see you again next week. coming up, changing the climate conversation. activists flood wall street with protests as the u.n. holds a summit. but one small business in california isn't waiting for celebrities or heads of state to shape the future. how it turns dirty air into your next piece of office furniture. that's next. ounds]

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corporate capitalism equals climate chaos. that was the rallying cry for protesters in new york this week against the backdrop of the united nations summit on climate change. climate activists claim wall street and the fossil fuel industry profit at the expense of the environment. protests and high-level discussion could push change in the future, but technology is making it happen right now. cnn's rachel crane shows us a small business that's turning dirty air into plastics. >> reporter: plastics. they are everywhere and used to make just about everything. it's a $370 billion a year industry, dependent upon oil companies to mass produce its product. >> i don't think a lot of people are aware that actually, their plastic is made with oil right now. >> when you're drinking from a

water bottle, what most people don't realize, you're literally holding solid oil or solid fossil fuels in your hands. >> reporter: marc started newlight technologies in 2003, with the goal to revolutionize the business, by taking the carbon you admit and turning it into plastic. >> this concept started with a newspaper article about how much methane cows produce from birth. the big lightbulb moment was, wow, there's so much carbon going into the air and we're talking about taxing it or putting into ground, why not looking it as a resource. >> reporter: so you're taking pollution and producing plastic? >> exactly. what we developed is a technology that takes concentrated greenhouse gas emissions, methane-based emissions, combine them with air, and turn that into a plastic that can replace plastics made with oil. >> walk me through how you turn greenhouse gases actually into plastic.

what is your process here? >> the methane and the air go inside here and as they pass by the biocatalyst, it's essentially pulling out the carbon, the oxygen, and the hydrogen. >> that strand right there, that's a strain of plastic? >> that's a strain of air carbon plastic. the reason why we're the first to kind of have this plastic out on the market is because it was never cost effective. and the problem is, in the plastics market, it's a 606 billion pound per year market. >> reporter: it took mark ten years to break that cost barrier and now he's working with over 60 fortune 500 companies, making everything from cell phone cases to bottle caps. what you're describing almost seems too good to be true. who stands to loose here? >> the people who stand to lose, frankly, are oil-based companies. >> exxon has 70,000 workers. you have 15. >> the way that you scale is by having a superior product.

i hope that 11 years from now, air carbon is being used on a commodities scale. we want to be part of a new sort of paradigm shift about how we view carbon emissions. >> that makes you think about the water bottle you're holding in your hand, doesn't it? coming up, college students have spoken and they want to work at google. so how do you get a job there? we'll tell you, next. ♪

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astronaut, cowboy, or ballerina. ask a new college grad and you might hear google. a survey finds that google is the number one place that engineers want to work. so i asked eric schmidt what grads need to do to get hired there. >> be a good student, do well with your grades and so forth. but you need more than that. and once you get in the door, we're going to give you five interviews and we're going to score you. and the people are looking for grit, creativity, invention. they're not just looking for that standard knowledge that everybody has. >> there you go, five improves. schmidt she has google wants smart creatives, people who are not afraid to try something new, who want to drive something, and who are curious. where else do grads want to get hired? the big four, ernst & young, proprietor water house coopers,

kpmg, and deloyet. you can find the whole list on cnnmoney.com. thanks for joining us on your saturday. have a great weekend. good afternoon, everyone. i'm deborah feyerick. you are in the "cnn newsroom." coming up this hour, new u.s. air strikes against isis are underway, as british forces also take to the skies above iraq, offering air support. >> is there a threat to the british people? the answer is yes. >> and back home, new details emerging about who is behind the beheading in oklahoma. now one state trooper is sounding off about her encounter with alton nolen. >> i wish i'd had killed