tv On the Money NBC May 10, 2015 5:00am-5:31am EDT
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. hi everyone, welcome to "on the money." i'm becky quick. looking for love in all of the right places, how tech has replaced bars and first dates. billionaires giving it all away. where bill and melinda gates want their money to go. why boomers are striking the riekt cord, and how the world of job hunting has changed. the best websites and strategies to use if you're looking. "on the money" starts right now. >> your money, your life, your future. >> here is what is making news as we go into a new week "on the money" the economy created
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223,000 thousand jobs in april, that was about in line with estimates. and the unemployment rate dropped to 5.4%. that is the lowest evil since 2008. that nice sent stocks up in early trading on friday after a choppy week and continued to rise at the close. mortgage rates are starting to creep up, a 30 year fixed loan is now averaging 3.8%. that is still historically low, but up from 3.68% a week ago. and jet blue will be flying out of new york's kennedy airport to panama. there will be additional flights from ft. lauderdale and tampa. the internet and dating continues to be a good much. it is a $2.4 billion industry.
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eha is still one of the biggest players. dr. warren, i want to thank you for joining us today. >> thank you, becky, it is great to be here. >> you have been doing this a long time, what is the answer. do opposites attract? or are people likely to stay together if they have more in common together. >> opposites do attract, but overtime, they attract and then they attack. >> that's why you have a very specific set up where you ask people to fill out a long profile about what kinds of questions are you asking them? >> every kind that you can think of. i was a psychologist for 40 years, and we -- i presided over the funerals, the deaths, of so many marriages. and came to the conclusion that if you don't do a good job on the front end, if you don't marry the right person, you have real problems ahead.
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it is tough to bend people after they first get married. so we ask every question we can think to ask, and then we match them so carefully on 29 dimensions. we call it broad based compatibility. >> what are some of the types of questions that you ask, and a couple of the most important categories when it comes to matching people up. >> i'll tell you, becky, the fun thing is, you know intelligence is really important, but you can't give them an iq test. but two people who are married need to be within about one standard deviation, which is ten points. so we have to ask the questions that get gather intelligenc so we can pair people up so they won't find themselves feeling hurt, because the other person is saying things day don't understand, or frustrated because they're saying things that the other person doesn't understand. >> what you did was so unique at
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the time. i remember the ads from the whole way back. it was like seeing an old friend when i met you for the first timey is seems like there are so many competitors. there is tindr which is basically a hook up website. how do you compete with players throughout? >> we kind of like that tinder is out there because it makes e harmony shine. e harmony takes things very seriously and we ask a lot of questions and we take a great interest in the fact that so manyf our people get marries. and in a ten year period, our divorce rate is only 3.68%. >> that is way below any other online dating site. >> what about looking for someone of the same sex. when you do that on e harmony,
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you get sent to another site, compatible partners. >> that is such a contentious subject in america, and we tried to weave through it in a careful way. we have compatible partners, we spent a lot of time on that, and we try to manage that and walk a tight rope on that one. >> is that similar? >> are the algorithms the same. >> very similar, but we have a disclaimer on there and we worked it out with the attorney general of the state of new jersey that, you know, i didn't see a lot of same sex people in therapy. and ou5,000 married people that we had in our original sample didn't have a lot of same sex people. so we don't know that area as well as we know the more
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conventional area. but we take those people very seriously and we want them to have long-term relationships that are good. >> now you have been married to your wife for 56 years? >> yeah. >> how did you meet her? >> i met her at pepperdime university an we fell in love there. >> did you give her a personality test? >> no, i didn't, but i had an intuition that i wanted someone that had values like her, and someone that was really bright. she is a little brighter than i am, but not that much. we had a great marriage. we have three daughters and nine grand kids and we're looking for that kind of experience for the people that come to us. >> thank you very much for your time, it has been a pleasure. >> i enjoyed it, becky, very much. >> up next, we're "on the money." three billionaires changing the world time, and
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the crazy challe makes them giggle. >> i'm not helping you out on this one. >> later the sweet sounds of success. boomers are proving there is always a second chance when it comes to your career. ♪ stop less, go more. the passat diesel. you show up, you stay up. you listen, you laugh, you worry. you do whatever it takes to take care of your family. when it's time to plan for your family's future, we're here for you. we're legal zoom.
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a friendship and force to be reckoned with. bill and melinda gates that were friends for years became a force for good when bilodeau nated back to the gates foundation. >> it was pretty phenomenal that right as we learned a lot of things and we were building up our capacity that we got this doubling of capacity for things like aggravated assault, things like me lair ya eradication overtime, and we were able to be unbelievably ambitious. in what we're going to do, and
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that is our life's work now. >> how would you say your friendship and partnership evolved overtime. >> with me it started on july 5th, 1991. bill was reluctantly agrees to meet me, and we hit it off, we started doing things together, one of the great ones was a 17-day trip through china. >> i tease bill because they're came a point in our life that omaha was always on the way to or from the east coast. >> another initiative that you three are actively involved with is the giving pledge, and i know that has been a place where people actively involved in
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philanthropy can get together and talk about what has and hasn't worked. can you tell us something that comes from that school of -- this was a really interesting thing that we tried but we should not try again because it wasn't worth it? >> it is amazing to get that group together, we have a gathering of 130 this year. half come to the annual meeting. the idea of chatting through what is going on has been incredible. the idea that sometimes foundations make equity investments, that has been a top take to my surprise is one of the most interesting. they're all kind of capitalists and they wonder if the bottom line things, do they and can they work -- >> what are they? >> if the foundation sees a bio-tech company who can help with ritual medicine and say
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make new vaccines, we might say okay, unless we help them out they won't get going. in return for our investment we get free access to that technology for the very poor countries. and so it is a win-win when it works out. >> can i ask each of you about the work that, the one item that you have worked on at the foundation you're most proud about. >> melinda really put her energies, her voice, and money beyond that, but the voice and the energy and more important behind family planning and it could change the world in a major way. >> do you want to talk a little about that? >> i took it on about two years ago getting contraceptives into women's hands, voluntary contraceptives, educating them. if they can space the time of the birth of their children, the women and the children are both
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healthier. it is a very controversial area. we took it off of the global agenda. it is now back squarely on now countries that we have all over the world pulling through commodities, teaching women about contraceptives, and delivering them. >> how about you? >> i'm always excited about the latest thing. and i do love the idea of challenging the very best scientists that would not know the needs of the poorest. we have this thing called grand challenge where we solicit ideas. one that was -- more headlines, one of about 80 we have done, but the idea of a new condom. you know that was more -- less unattractive. >> i'm not helping you out on this one. you're on your own. >> literally after we met, the buffet foundation was accused of funding a cherry flavored
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sleep deprived. bring us those who want to feel well rested and ready to enjoy the morning ahead. aleve p.m. for pain relief that can last until the a.m. so that you, you, and you can be a morning person again. aleve p.m. for a better a.m. as we come to an end of national small business week, we thought we would look at young businesses with not so young entrepreneurs. how baby boomers are running baby businesses of their own. >> two entrepreneurs got their start late in life and here is a look. >> i'm jay, i'm 58, and i build guitars for a living. >> a few years ago, he was hit during the recession.siness
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>> i started building them strictly as a hobby. and i was just going to do that until the home industry picked back up, and it never did. >> now he is building instruments full-time and shipping them all over the world through his online store. he is making six figures, enough to never have to return to residential constructn again. >> i was so much happier than i had ever been. and the stress level was so much less that i was willing to take a gamble. even if someone called and want today build a house, i was not available. >> while young entrepreneurs like mark zuckerberg may dominate headlines, oler entrepreneurs rose when overall
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entrepreneurship fell off. >> now, her carlsbad shop, mu mushro matrix has grown. >> one of the wonderful things of age, you learn a lot as you go through life. you learn from others. you learn from your mistakes as well. >> i can't say they was ever scared. in fact i think i liked the independence of making decisions on my own. of of course taking the risks. but i felt tremendous confidence. >> experts say entrepreneurs that launch businesses later in life find e they a wider net of connections and experience. despite the risks, they're happier than they have ever been before. no retirement in the cards for them any time soon.
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>> this this is any indication, they both look amazing. >> she says it's due to the mushroom products. >> were thaw surprised by their own success. >> they say they were, but they should not have been. jay launched his own construction company, and she worked in health care. they had the skills, the financial stability, and the connection to make it work. >> wisdom that comes with age. >> still ahead, if the economy is adding jobs, it is still difficult to find the right one. we have tips on what to do if you wanto move up or out. and the websites for jobs grow take a deep breath in and exhale. a gentle wave like motion, liberate your spine, and reach. toes blossoming.
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>> he had your back? >> yes. >> we have one day pay. only from aflac. >> we asked people a simple question. in retirement will you have enough money to live life on your terms? >> i sure hope so. >> with health care costs, who knows? >> everyone has retirement questions. now you and your advisor can get the real answers that you need. >> some come here to build something smarter. some come here to build something stronger. others come to build something faster. something safer. something greener.
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people come to boeing to do many different things. it is always a part of what standardized tests don't measure, very frankly, they don't measure the diligence, the potential passion of a student. so it's really a measure of how adept you are to working out a problem quickly. but what if you're brilliant and it might take you twenty minutes, but you can figure out something, if you were just given time to do it and show real brilliance. is that a real measure of ability and intelligence? what you can do in one minute on a problem? get out of here.
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. >> for more, you can go to our website, otm.com. here are the stories coming up that may impact your money. a picasso painting, the women of aljeers will go on the auction block valued at $140 million. on wednesday, retail sales for april are due. and wednesday kicks off the film festival in france. friday production data will be released. also mitt romney will get in the
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with evander holyfield for a charity event. there may be more jobs available, but that doesn't mean it easier to find them. joins us now is sharon eperson, and that process of finding the job, that is something that has changed significantly. >> social media is a main tool. maybe seeing what you're seeing on twitter to find out where some of the candidates that you want to find you need to know, you're pretty tight on that website. on linked in, no it's great, and know what you're applied for. a lot of the applications have been streamlined. they have exactly what they want and they let you know. they may want to see how you work in action. you may have to take a writing
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want a job in television or media, you may have to take a writing test, and know that once you get that first interview, that doesn't mean two weeks later you will start working necessarily. the job hiring process can take a long time, several months for many people. >> maybe more hurdles than there used to be as well. >> where should job seekers grow? >> of course they will go to the most popular job sites, and on top of that is indeed dotcom. you cut put new where you want to live, salary, there is monster, career builder, they have great mobile job sites as well. >> what about someone looking to chart or switch their careers. >> sometimes you just need a little push. someone to motivate you to do it. absolutely abbey is someone that i like.
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she has been in hr for a long time and tells you the nuts and bolts of what you need to do. she says you want a professional photo, it will be your calling card for a long time. i also like "the career project d doto people may not understand what is involved in the tasks, people are filling out saying what their jobs are like, and you get a good idea, that is very, very helpful. >> absolutely, absolutely, figure out where the job growth is, we talked about how many jobs have been creative, but where is the growth. that is where the bureau of labor statistics and the occupational handbook gives you ideas about where the trends are in different careers. >> good advice as always. >> by the way, folks, there is
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job sites for niche markets. we have one that is illegal at the federal level, but brings in big bucks to those who have legalized the product. >> online hiring has become a important part of staffing, we sell leg cannabas. >> the number of government jobs surprises us that we're seeing. >> but they're taxpayer jobs we're paying people to test marijuana. >> to make sure the product is safe. >> we're t pay scale a little higher because of people being nervous about the kind of people that come work for them. you're looking for a job, you have to put your best foot
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forward, sell yourself. >> weed hire launched less than a year ago, and about 500 people have been hired. >> i'm dieing to know what is in the most demand. what jobs are they looking for. >> cannibas education is very popular. so many of the jobs fall under the government job sector, right? we're talking about a federally illegal drug, but in states and counties that legalized the drug, they need to be compliance, they need someone that understands the law to teach them. >> wow, okay, that is a little mind blowing. dina, thank you. that is the show for today, i'm becky quick. next week, tv forred toer wills,
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we are following two breaking news stories this morning. first, a manhunt in mississippi. two police officers shot and killed in the line of duty. one man is in police custody, but his brother, the other suspect, is still on the loose. back here at home, two teenagers shot on south street. one of them is critical. and nearby, the shooting of a third teen is also under investigation. what police are telling about a possible connection, coming up in a live report. good morning. this is nbc 10 news today. i'm rosemary connors. it's 5:30 on this sunday. let's get you back to that breaking news out of mississippi. two
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