economists expect starts to rise 900,000. june starts plunged 9.9% because we saw those rising interest rates. cheryl: homebuilder confidence. well, that's it for us. "money" with lori rothman in for melissa francis is next. >> very good evening, everyone. i'm lori rothman in tonight for melissa francis. here's what's "money" tonight. been anything but smooth sailing for the cruise industry this year from fires to broken down ships. travelers had plenty of reasons to think twice. but we've got the ceo of royal caribbean in studio to tell us how is convincing folks to get back on board. plus should your boss pay you to skip work and volunteer? the perk is spreading to companies all across the country. we're going to tell you why some say it can actually boost a business as bottom line. "who made money today?" it was a tidal wave of red sweeping the marketings of course but these guys managed to float way up into the green anyway. stay tuned to find out just who

it is. even when they say it is not, it is always about money. lori: would you want to gain tonight out at sea with a big ceo. it has been a very tumultuous year for the cruise industry with one disasterous set back or the next. one company is cruising forward hitting a monumental milestone. royal caribbean international is celebrating its 50 millionth cruiser. talking about getting through the rocky waters and back to smooth sailing if you will, royal caribbean ceo and international president aaron goldstein. nice to meet you, sir. >> nice to meet you, lori. lori: tell how the bad pub listly has hit the cruise line industry? >> it has been a tough time but people recognize how rare those

events are through the history of the cruising. that will move forward and customers will be loyal to us as they typically are. lori: interesting that royal caribbean's stock price held up nicely this year, it is up 14%. most of the issues, especially really troubling one, the one so many people were aghast by, stranded in the gulf of mexico, losing toilets and all all that horribleness happened to your competitor obviously. carnival cruise. did you see a gain? passengers because of the troubles that carnival had? >> this was a problem for the industry and it was a problem that really required industry solutions which we tried to be responsive in terms of passenger bill of rights. about 10 new safety policies that the whole industry introduced into the cruise industries because the customers may know something about brands, but they often don't. and it is really in everybody's interestedinterest for the cruisers to be sass safe as we know they are. lori: you're referring to the customer bill of rights put

forth by senator jay rockefeller, correct. >> there was a passenger bill of rights that the industry advanced. lori: okay. >> 10 points which assert what rights of customers are in the case of different issues that don't normally arise but could. the senator, who is the chairman of the senate commerce science and transportation committee, he has also had his own views of certain aspects of cruising that he has brought forward and there was a hearing about that a few weeks ago but -- lori: how do you feel about it? i know it requires cruise lines to list criminaloard and there is also a question accusing the cruise line industry right, taking advantage of certain loopholes and booking profits overseas to take advantage of u.s. tax laws. how do you feel about that? is that true? does he have a case there. >> to your point, what the cruise line does, we're the only industry of any kind that voluntarily to report data of allegations of crime just so that the cruising public can see how unusual these instances are

aboard ships. so it is a bit of, something you might not have expected the industry to do but that is now available publicly through the internet sites if somebody wants to see. lori: is there issue, since cruising is international, it is tough to have consistent regulations? >> well, we're actually regulated by a lot of different authorities. lori: okay. doesn't it get confusing though? >> not really. each country is understanding what its coverage of the crews industry. we make a lot of information available to guests where to go if they feel they need to contact somebody for help. it shouldn't be that confusing based on the information provided. >> talk about the fun stuff. business has been going along swimmingly for you. you basically had your 50 millionth cruiser recently. describe, put that milestone in perspective. what does it say about demand and interest in cruises despite the horrible year? >> it shows cruise something growing as vacation choice and

our brand is growing in cruising for 43 years. that is how long it took us to get to 50 million guests. we're proud of that. we have delivered 50 million memorable creations creating memories that last a lifetime, that are anchor moments for families that are really special times in people's lives. lori: but how can you guaranty that something that happened to the carnival cruise, that horrible incident with the toilettes backing up will not happen on a royal cariibean cruise or any cruise in the future? >> there are very few guaranties in life but -- lori: a lot of people can handle being stranded at sea. there was even a little fire on one of your ships as well. i mean those things are almost, understandable, but when your health is at risk and the visuals that were described coming off that cruise were just a bomb minutable. >> it was very difficult situation. we feel badly for guests anytime they have an adverse experience on our brand, on any brand but again if you look at the history of our business these events are extremely rare and what is

almost true is that the people love their cruises. lori: so you guys are expanding. 21 ships currently in the fleet. royal caribbean, you're introducing a new class. i understand quantum of the seas. >> yes. lori: tell me about this. i understand there are all sorts of bells and whiles sills. >> quantum of the sea coming to new york area. a brand new class of ship we really invested ourself in it has really snazzy features t has a skydiving experience. lori: where do you skydive off? >> there able cylinder on the back of the ship on top with tremendous air flow bottom to top you see in 20 or 30 places around the country. we call it rip cord by i-fly. it is almost exact simulation what it would feel like to jump out of an aircraft. i tried it in orlando. it was fantastic. we have the north star, which is a mechanical arm that goes up, about 14 guests can go into the capsule and a mechanical arm takes you up. when you're at the top you're

about 300 feet above the water. it can swing around to see the ship below, the water destinations if you're nearby. those are two of the things on the out of the ship. lori: what is fare like these days? did you lower it recently or are you able to have pricing power now for what you're chargeing? >> we've consistently throughout the year in our earnings call guidance we would have greater revenue yields this year than last year. it will be at least the third year in a row we will be able to say that. there has been a small amount of pricing power despite various challenges we faced. we're optimistic about the future. lori: thank you so very much. you convinced me after 15 years time to take a cruise once again. >> better late than never. lori: next on "money," egypt sadly here, spiraling out of control tonight. muslim brotherhood supporters swarm the country's streets after yesterday's bloodbath. the death toll is rising. u.s. canceling military exercises with egypt's army in protest. it is cuttings off all monetary u.s. aid next. more "money" coming up. my mantra?

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lori: the horrific violence in egypt spiraling out of control today. muslim brotherhood protesters

storming a government building in cairo. more than 500 people are dead now, including three journ-- journalists. president obama calling off planned joint u.s.-egyptian military exercises. would there be impact if america pulled the plug on the money we're giving in aid? i want to bring in a middle east expert and a former state department official. he wrote upcoming book, smart power and diplomacy of war. what is the latest in egypt right now? >> it's a basically a bloodbath. it is chaotic and violence that is what interim government was expecting. that's why they had hesitation that the pro-morsi supporters have been many canning out at for over a month now. they won't go down without a fight. they're not going down easily and we don't know when the end of this will be. lori: christian, do you agree, just turned if you will a vicious cycle in egypt? >> well, yeah.

i think it's a important to realize who the culprit is here which of course is the muslim brotherhood. it is not egyptian army. i think the obama administration made a terrible mistake, another litany of mistakes since arab spring began in signaling some distance between washington and the egyptian military. you know, that military i think one flywheel, supported incidentally by the egyptian people that is preventing islamism taking root permanently in egypt. we should be supporting it, not distancing ourself from it. lori: lisa, you're shaking your head. president's comments a lot of people raised eyebrows and mentioned muslim brotherhood almost going to far as to giving it credit, and acknowledging drawing a line in the two sand. >> absolutely. called it a color war of sorts, right? two sides both being violent and both sides need to stop the violence but exactly as christian was saying this is something that needs to be on the behalf of the obama

administration very clearly outlined if there is to be any hope for the u.s. to have any leverage or any in the future of how egypt will design its government. lori: so, christian, the president did say today that he would cancel u.s. military exercises there. is that a big deal or is it just for show? clearly no mention of the u.s. aid going into the region or what to do about it in the future. >> i gather that it's a big deal because egyptians are noticing and once again they're seeing u.s. government on the wrong side of history and on the wrong side of what they want. you know, obama, it was sort of open mic night when the mubarak regime, strong man who preceded all turbulence started to wobble. biden was out saying one thing. hillary was saying another. none of it really made a lot of sense. fast forward now. the obama administration is sort of babbling again. when it does say something it is on the wrong side. it is on the side of the islamists. it is on the side of people who want to turn egypt basically into a sunni version of the

iranian regime. that would be tremendously hostile to the united states and take egypt back to a situation where it is on the brink of war with israel. so, you know, i think this is just the wrong signal to send. lori: i want to talk about the economy of egypt because it is nonexistent, lisa, right? unemployment is above 20%. these people are starving. you have western-based businesses also pulling out. you have shell closing operations. gm closing a plant there. what beyond, i know that there's tremendous aid pouring in still but, is getting the economy on more solid footing an answer here? >> that was actually the root of the problem. people don't start revolutions because of democracy. they start it obviously because of poverty in the country. the country has 85 million people that can not be sustained. there are not many jobs. people are overeducated canned 90 jobs. poor people are not being fed. people out on the streets fall into two main groups, terrorists muslim brotherhood members trained and media savvy and how

to run the operation and second type is lower socioeconomic brackets being fed by muslim brotherhood. we find that where these groups are going in and they're nesting because they're able to open soup kitchens to answer to the needs of these people. so the economy, whatever this interim government happens, obviously nobody wants to deal with the military government but that is the solution that, being put in place right now. but the first solution will be to get the economy back up, get tourism back up and to help the egyptian people move forward. lori: christian i'm concerned even though oil prices haven't reacted to this situation you have to keep a close eye on the suez canal. and who knows what happens down the road. another point, the u.s. markets were down over 200 points. might some point to geopolitical threat coming out of egypt as well. do you see this having a ripple effect? >> well it could. egypt is thought of a political bellwether. traditionally it has been a political and cultural

bellwether for other parts of the middle east. it is the most pop youlation arab country. half a troll dollars in the economy. a population that is a quarter of united states but a economy only 1/30 the size of the u.s. i think with our foreign assistance, military assistance is very important to keep the egyptian military functioning really. the economic assistance we provide should be reconfigured so it discourages corruption. corruption drives a lot of people toward islamism. they frankly think sharia might be better than intense corruption they have now. that is a false thing to pursue but we should thinking more in those terms with our aid. lori: such an important discussion. unfortunately we don't have more time. civil war in syria, unrest in egypt, so troubling. we appreciate your analysis this evening. thank you to both of you. let's go ahead and check

today's fuel gauge report. brent crude was at a five-month high. brent settled up for the fifth straight session, climbing close to 1%. north dakota's oil production in june coming in below expectations. output struck a record high in june, hitting 821,000 barrels per day. that is according to state officials a 10,000 barrel increase in may was half of estimates. natural gas futures seeing strong gains for the second consecutive day. natural gas inventories increased but less than expected last week. that is according to the ei. along with warmer weather forecasts are increasing outlook for natural gas demand. next on "money" coke's new ad campaign claims diet sodas are perfectly healthy. but if you are not buying the beverage battle is having a new contender. they are looking for kid's taste buds and to fight obesity. the ceo will tell us how he is doing it.

on fears the fed is about today crash it. it is all the word on wall street. we have inside details. do you ever have too much money? no. ♪

lori: getting back from vacation soon. this crew of hers, i don't know. big news in the beverry this we. you heard yesterday on "money," all about coca-cola's new ad campaign defending the use of the controversial feature aspartame in its diet drinks. if that is not good enough for

you or more specifically for your children here is another drink ache making its move into the market. aqua ball is a new flavored water is made without sugar or aspartame and the company behind it, true drinks is trying to change the name. we have at president and ceo of true drinks. welcome to show. >> thank you, lori, appreciate it. lori: what is your opinion coca-cola defending the use of aspartame in this ad campaign? >> you know the soft drink companies they're in the indulgence business and, you know, truly the, the difference between synthetic sweeteners and all natural sweeteners, you know, are truly the fact that they come either from a plant-based or manmade. for us in our product we chose to use natural good for us ingredients which comes from a leaf. we know what parents are looking for especially bying their family drinks. lori: so awwa ball, we're showing -- aqua ball, very cute

packagings. my 6 and 4-year-olds will snap that up because the characters on the packages and bottles. >> great. lori: you said you are sweetened by stivia but from what i understand, in its raw form it is not fda approved but purified versions are permitted right now. can you differentiate for me and what type are you using in these beverages. >> we use astiva. we use raba-astivia it has been around many years. it has been in japan for 20 years. it is used like salt in that country. there has been a lost tests. it sweetens and like natural sugar without the calories. we're looking for us trying to use real natural ingredients versus synthetic man-made sweeteners. lori: there is school of thought and some studies as well that suggest even diet sodas are sweetened beverages can still

lead to diabetes and other illnesses related to diabetes and being overweight because you're just sweetening the palate. you're developing that taste for sugary products. so would you characterize aqua ball being a health drink or just an alternative? >> well, we think it is the healthiest beverage on the market today. we as you all natural flavoring. we don't use artificial coloring of we enhanced it with vitamins of the we believe it is the healthiest beverage especially for children. it is interesting how the brain reacts. there is a lot of study about synthetic sweeteners and how it is met tabbized by the body and can create certain cravings and lead to obesity. so, it was an easy choice for us. we knew from the very beginning that we wanted to have the healthiest beverage in the market and use the best ingredients that we could find. lori: the round bottle is so clever too. so easy to hold on to. accidentally dropped one in the studio and it bounced right

back. sugary drinks being banned from some schools around the country. are you able to take advantage of the void or that gap now? how are you received by schools and other kids advocates? >> it is such a need out there from parents to schools. everybody is trying to find alternatives to sugary high caloric drinks and our reception from both retail and consumers ha been amazing. we're in over 22,000 retail outlets. we're moving into areas including the schools and other hospitals and businesses. we think that with the zero calorie enhanced with vitamins, it is going to be a great substitute for these high sugary drinks and juices. there is really nothing in between some of these drinks and bottled water. so we really found ourselves in some open white space that we think we can take advantage of and really meet the needs of those consumers looking for healthy hydration.

lori: he is the ceo of two drinks ceo. we'll follow your business. thanks very much, lance. >> thanks for having me. i appreciate it. lori: next on "money" the bears soak wall street in red today. is the fed preparing to yank the rug out from under the markets? it is all the word on wall street and we've got the inside scoop. plus, despite all the red one group of investors made plenty of dough today. don't go anywhere. we'll tell you who it is. "piles of money" is coming up. ♪ you make a great team.

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lori: no matter what time it is money is always on the move. nordstrom is proving not immune to carb thus consumers with shares falling of a hours. it beat second quarter estimates on bottom line but missed on the top line, on revenue. most troublesome for nordstrom

cut its full-year outlook. it is expecting sales to stay soft over coming months. rumors, gossip, behind the scenes stories you have it all on "money," with the dow plunging 225 points to be exact or 1 1/2%, everybody's talking about what the real reason is for the drop. all the word on wall street, here with the scoop is "wall street journal" columnist gregory zuckerman. hi, gregory, thanks for joining us. >> great to be here. lori: i blame "the wall street journal" for the selloff because you guys published an article last week pointing that the s&p 500 is overvalued. forward pe metric to determine valuation is over at a four-year high, what do you think? >> yes, we did note things are expensive. if you talk to the average trader on wall street, hedge fund guy, they are invested in the market but they're nervous. they have been that way for last six months to a year. in other words, they don't want to be in bonds. they want to be in cash. they feel pressure to be invested in the market but don't really believe in the market. don't believe in the economy. i frankly am a little more

bullish on the economy than a lot of trader types. any excuse to sell they're running for the exits. lori: i think that was that article, the excuse to sell, because the conditions you describe have been around for a long time and this discussion of the federal reserve and when it will start pulling back on the monetary stimulus we're parsing through every little last word we hear from the fed chief in this orchestrated discussion. one fed official after the other is coming out. i mean it's -- >> yes, that is true although we're starting to get better data. when you get better data on wall street people get nervous because it means no more stimulus. lori: doesn't it drive you crazy that good news is bad news in the way of bullish stock market investors? >> true. although the economy hasn't been working that well so it works both ways. lori: so evening itself out. >> there you go. lori: it was interesting also to me, and i think this goes to the fed which was the reason for the selloff today, that not only were stocks down but bonds were down. >> yeah. lori: and you know you had the great initial jobless claims

report. best levels since before the, or no, i think since the end of the recession. >> been a while. lori: has been a while, put it that way. so nobody is running into the safety of bond but nobody really wants to be in stocks anyway because the wealth effect might be ending here because of the federal reserve. pick it up. >> you don't want to be fighting the fed. we've been enjoying last few years because the fed has been helping us, the wind has been at our backs, there is concern it won't continue, again. i think there's a transition period here where you get nervous about the fed, but you start looking at economy. you realize the economy isn't doing badly at all. next year -- lori: why do you say that? because we finally got a little inflation. there was a bit of concern we almost had too little inflation for growth, right? there is no wage growth at all. finally the consumer price index report showed a little bit and maybe that is why we saw the spike in gold and yields as well. what do you think? >> inflation frankly, hasn't been much of a concern the last few years. but i believe the economy next year will grow at least at 3%.

that is including government. if you take out the government, we don't care as much about the government we'll get 3.5% or maybe more growth next year. i travel the country -- lori: what will drive that? >> energy. we're getting more production out of oil and gas. even last few months, than we expected. obviously last few years. there have been tremendous improvements -- lori: what do you think about housing with the higher rates and mortgage rates? 30-year is 4.4%, over 100 basis point bump? >> a good chunk of people are buying homes with cash. it will not affect those people. still relatively low interest rates. at some point you make transition focusing on strong economy. lori: back to jobless claims, better than expected. do you think that is good jobs report or crews toward 7.7% unemployment or more reason that people are ditching the labor force? >> i'm optimist i can about the labor force and employment. hard to predict these things. they're volatile month to month. i'm upbeat on that stuff.

lori: gregory zuckerman. fun talk. >> okay. lori: new obstacle facing businesses across the country. increasing frequency which women are leaving their jobs and not necessarily for reasons you might think. trying to justify a salary washed out by high-priced child care or wanting to stay home and raise a family. new study from cornell university saying 26% of women are choosing not to work for a key reason. a lack of family friendly labor laws in this country. losing women in the workforce is having a major impact on companies everywhere. and it is our "money" talker for today. here to weigh in, attorney evangeline gomez, parenting blogger from diva moms.com, and a small business expert. susan sulivic. i hope i pronounced your name correctly. >> lore i are you did. lori: family leave act only applies to half of american workers. who is it excludeing? >> it excludes a lot of low wage

workers. a lot of working class individuals. also a lot of professional people. but that's fine because they can take advantage of flex time which a lot of corporations offer to employees, particularly women. which allows them to work from home and so, when i hear about these studies i kind of question, you know what is the motivation behind it? because we talk about other countries and other countries that have subsidized child care. one, i don't think it would be feasible here in the united states. obviously the states can't afford it and federal government can't afford it. and i think 26% of women who are choosing not to work, that is not a bad number. there are many women who choose not to work simply because they want to stay at home and want to raise their children. frankly they can and there is nothing wrong with it. lori: susan, how do you see these laws impacting companies in the united states? i mean if you want to expand benefits, maternity leave benefits, entitlements in this country are already under such financial duress. is that feasible? >> right, exactly. i think regulation is

suffocating private enterprise in this country so i'm not a proponent of passing anymore laws. a lot of people who are not covered by the f-mla are people who work for small businesses. to pass labor laws that would affect small business was fur strangle the growth of that industry. but i think what's really the problem here is underlying socialization. there are studies that show that women who opt out of the workforce or who want to balance work and family are not seen as being serious about their jobs. that infuriates me. we need to educate and enlighten employers and society, keeping talented women in the workforce is beneficial to the bottom line but important for society as a whole. we need the diversity in all of our organizations of the a lost these women sometimes when they say they opt out because of non-friendly work environments they're actually saying that. one research study said when they're really going out to start their own businesses. >> you really, liz, have your

finger on the pulse as parenting blogger. share with us stories. what do you hear from your readers or mothers? are they leaving the workforce because they're frustrate strayed with the country's laws or they want to spend time with their families? >> i think it's a little bit of both. first, let me start off by saying some of these moms are leaving because they do not have proper maternity care after they have a child. or they don't have enough maternity leave. there is that twofold. we discuss all the time in other countries new mothers have maternity leave for much greater time than here in the u.s. in the u.s. it is expensive to go back torque would and have the proper care for your children that you want. it is like a double-edged sword. i wish people in the u.s. would take it closer and maybe new moms need more time off. maybe we can help them or supplement them for fees for fannies's.

lori: clearly not a year. >> i don't think a year, no. i didn't say a year. >> lose the skill set then you're not of any value. lori: you're raising all kinds of issues. backs out of the workforce and losing the skill set and doing math of cost of my child care versus cost of my commute and dry clean and almost like women have the extra burden to carry. >> yeah. lori: so what makes sense? if the labor laws are not feasible, face it this country is broke, evangeline we haven't heard from you really -- >> expanding existing child care tax credit. i think it would promote more women going out into the work place and working. it stimulates the economy. lori: can you do that? >> we need cooperation of legislators of course but that is something we should definitely study the public policy. >> i think something very important too, the we, the government need to take a look at there should be more flex time. where new moms can commute from home. maybe can work two days a week

at home or three days in the office or vice veers is a. there needs to be more of that here in the u.s. lori: we have to recognize we've got to keep the government out of private business, period. lori: what should be done? we need more support, financial support for a lot of new moms or older moms. >> i think so but i think there are a lot of innovative strategies today. someone picked up on telecommuting. progressive businesses are understanding you know what, these workers can work from home. they don't have to be there to have the face time in the traditional working paradigm. a lot of ibm employees don't even have an office to report to anymore. they have a very mobile workforce. that is one thing. job share something one thing. flex time someone mentioned earlier, there are lots of ways for innovative companies to keep these tall lened women in the workforce without bringing the government in and trying to legislate something. we really have a socialization problem here. you can not legislate a change in attitude. you've got to educate. lori: it

there. interesting perspectives. i know a lot of companies have instituted working from home and other benefits. some have on bad it. so -- band it. not an easy solution and tough situation for all women to make it all balance. i feel like as working mom myself that's what i'm constantly doing. thank you, ladies. >> thank you. >> thank you. lori: next on "money" does your boss give you paid time off to volunteer? would you be more apt to extend yourself if it did? a hot new perk and growing number of businesses. believe it or not it could help the company's bottom line. the president of the charles schwab foundation is here to tell you why. at the end of the date it is all about money. ♪ if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550

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lori: if you got paid time off to volt tear would you lend more after hand. chars swab is offering to up as a company perk. it is great for goodwill but some say it could be a moneymaker for the business too. joining me is senior vp at charles schwab and president much the charles schwab foundation. great to have you with us, kerry. tell me how this works and how it impacts the bottom line for charles schwab. >> we've been promoting volunteerism at schwab for years and years. it is part of our culture. part of our values.% so we have many programs to offer, including we've had the schwab volunteer week for the last 10 years where we mobilize our employees across the country to volunteer in their communities together. creating a sense of team work among everybody. lori: so how much time or how do you determine how much time you

will geoff your employees to go out and volunteer? >> we have a formalized program where we offer eight hours a year but we have tremendous more opportunities to volunteer. in fact next month we've got 600 employees going out to walk on behalf of the american heart association. we also promote volunteerism through our recognition program where our top employees receive an award or our top volunteer employees receive an award of $2500 for their favorite charity and three days off to volunteer at that charity. lori: so how much does it cost schwab to have your employees out of the office and volunteering face nominal. it is so important. but face it they're out of the office. so it does have to have a cost for the company on the onset. the second part of my question how does that come back to benefit schwab specifically? >> yeah. well, you know, the costs we don't really look at the costs. we look at it as a total investment for our people. we have been a very purpose

oriented company. a company focused on our employees, our clients and our communities. so to us it is about engaging our employees, making them more connected not only to one another but to schwab. we find from the volunteerism and our surveys that 9% of our employees say it makes them feel good about working at schwab. to us, that is what it is about the bottom line, engagement and connection to the company. to us it is not about a cost. it is about an investment. lori: schwab is obviously a large secure financial company. everybody knows their schwab broker. what is your advice on smaller businesses who would like to do something like this but frankly can't afford it? >> i think there's a lot of creative ways to promote volunteerism. i think a lot of small companies do. certainly can do it on a saturday or after-hours. i know my team a couple times a year late in the day will go out and cook food in a homeless shelter and serve it and maybe we'll go out for a glass of wine

afterwards. a great way for us to connect to one another, i guess bond and feel good about the place we work. lori: i don't know if you will like this question but what is likelihood that people hear your story, oh, my gosh can volunteer and still get paid on the work clock for doing it that they will not volunteer other is woo? >> you know what, for some people it is their one opportunity to be able to volunteer and for others i have to tell you we are a very generous organization. the spirit in our employees sis incredible. in fact i mentioned our schwab volunteer week where we had 3300 employees volunteer. in two hours time, everyone of those slots are filled. again this is not just about that particular one week. we, 600 employees next week or next month going to the american heart association. we have a national partnership with boys and girls clubs which our employees serve on boards or girls clubs in their offices. so we look for all sorts of creative ways to promote

volunteerism. lori: gray thing you guys do at schwab. thank you so much, care relationship schwab pomerantz. >> thank you, lori. lori: we want to bring you latest on the ups plane crash yesterday. jo ling kent has details. >> the plane crash that killed two ups pilots yesterday, reuters is reporting there was no evidence of preaccident fire or engine failure on the a300 airbus cargo plane. flight data recorder was retrieved from the wreckage of the up of s cargo yet. it happened yesterday. it crashed near the birmingham, alabama, airport. this is coming from the national transportation safety board. they're saying no evidence of a preaccident fire or engine failure on the airbus a300, lori. lori: we're learning more about this tragic crash. no secret that raising a kid cost as pile of money.

a new study says the costs are rising so high and so fast it might make your stomach churn. we have it all in "spare change." you can never have too much money. ♪

♪ melissa: that's right. it's time for our daily fine with "spare change." here is what people are talking about around the water cooler. how crazy the cost of raising children has become. did you realize the average middle-class family will pay almost a quarter of a million dollars to raise one child until they're 18. eighteen.

that does not include the outrageous cost of college tuition. these numbers come from a new study by the department of agriculture that says household income has gone down and the expense of raising kids has gone up by 3%. have so our little darlings are going to suck every last dime. and laughing. $250,000. in new york you spend that in a year. >> i have to tell you, i have two kids. one is six and one is 20. i think it is got to be low. i have spent a hundred and 2553 grand already mi year-old not including a trip to disney. >> isn't disney like a thousand dollars? he thinks is this all-inclusive thing but you get there and everyone is sucking money and of you. >> the little darlings are priceless. melissa: but if people knew

about these exorbitant costs, the think that they would think twice about having kids? >> no one thinks about having kids, do they? >> people do think about having subsequent children because of how the cost compels. melissa: i am having second thoughts. it's hard. basically already working 247. >> it's very expensive, that's not really the reason. it is expensive. kids know how to spend money. >> she has everything she wants. melissa: to you think anything should be done with day care rates are nanny costs. >> subsidized, subsidized, but i feel like it is impossible. it is so expensive. i was complaining out there about how expensive it is a new york. it is obscene.

is not like you got a public school and and in the garden and it is taking care of. at not know how people can't afford day care work. >> absolutely. if you're in a lower income situation, is very, very cost prohibitive. they're needs to be some sort of break, at least for lower income people. corrected members of society. >> otherwise you are working to put people in day care. you might as well stay on. >> college. one estimate, 65 grams per year. >> thanks, you guys. thank you for participating in "spare change." up next, who made "money" today. let's just say, home is where the caches. the answer right after this. you can never have too much "money," especially with the cost of these kids nowadays. ♪ in today's markets, a lot can happen in a second.

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♪ melissa: whether it is on wall street or main street, here is to make "money" today. anyone who own -- on this home builders. the highest levels as a member of 2,005. a strong sales outlook for the rest of the year. and that's bark is a big gains for home builders across the board. meanwhile losing money to date everyone who on cisco along with the ceo john chambers weak international sales took a look by that of latest earnings. the news hammered stock closing down one 1/7%. that means he left more -- lost more than $5 million today. and smashing ratings records, duck dynasty.

over 11 million viewers. that's a duck call. that helps you make "money" today. stick around for "money with melissa francis". >> hello, everybody. i'm gerri willis. a shocking expose a on how schools educate your child. the computer programs that decide what your child reads. also, out with the old men in with the new, the next generation iphone. and investing in the wine business, how do you do that. we are watching out for you tonight on "the willis report". ♪ gerri: all that and more, but first, our top story. obama against the middle class. consumers cutting their deb