. welcom to "on the money." i'm becky quick. planes trains and automobiles. if you're heading anywhere this holiday we america's infrastruce is a mess. has the death of television been greatly exaggerated. one man says we're in a gold age of content. i hope he's right. >> how to get theater tickets on the cheap. good bargains? >> some are bargains bi small. th best deals when it comes to big ticket items and what to avoid as well. "on the mo starts right now. this is "on the money." your money, your life, your future. now. becky quick. july 4th is always a big weekend to hit the road. the rails or travel by air.

if you're doing any of that you'll likely run into a pothole or two along the way. no question america' transporta syste needs repairs and lots of them. the price tag is huge. $3.6 trill by 2020. that according to the american society of civil initial nears. there is no easy fix in sight. that's our covery story this week. if i blind-folded someone and took them at 2:00 in the morning into the airport in hong kong and said, where do you think you are? this must be america. it's a modern airport. if i took you and blindfolded you and took you to laguardia airport in new york, you would think i must be in a third world country. tha vice pres biden last year. whether you travel by plane, train or automobile, the u.s. transpor system needs an infusion of cash and a b america's 33 increasi congested. that's an expensive problem.

the faa says delays cost the economy almost $22 billion in 2012. if airport funding is not increased it' expected to grow to $63 billion by the year 2014. it's no better on america's more than 4 million miles of highway. 32% of the roads are considered to be in poor or mode yoker condition. the federal highway trust fund which provides one quarter of the cash spent on public roads is expected to be insolvent by september. of the reason, the federal gas tax that funds up to 90% of the trust been raised since 1993 the american society of civil engineers estimates it would cost $10 million to increase the capacity as in repair. us right now with more is former pennsylvania governor ed rendell. thu for being here this morning. my pleasure. let's start with the rails

since that we were just talking about. we know that the high-speed rails have been fantastic for places like japan and germany. ? is it some can work her and why ha >> well, i stopped inve we've stopbi things. japan and rail that hour. our fastes acela, fro averages 8 60 years aas that avera. we've made progress. in the nor need a ded. right now same rail and as com. that won't we need a rail line. we can bui we can do . it will pay long run. but we've own future. and washin they can't invest rev. even thing

to our qua public saf competitiv creation. nothing wi middle-class than inves infrastruc. >> this is something you've been working on for some time. you have tried to bet bipartisan t for it. you have had governors and mayors frof the isle come together. why do you keep hitting a roadbloc it's frustrating. there is bipartisan support. as you know, becky, boxes are combined. e environment and public works committee, that would be a six-year transportation bill at substantia funding. not enough but a step in the right direction because it's long-term and the states can plan. but states are not waiting. 14 states have raised their own gas tax out of frustrat the fed government an easy tax to raise. there is a bill in the congress that says raise it ten cents and

adjust it for inflation. that's what we need, a long-term structural fix. it's not the only thing we need. we need to get the private sector involved. we need state and local government to step up as they're doing. but if the federal governmt wo just get away from this -- anything, i think reverend enu t has paralyzed the congress of the united states. >> who had the pledge for no new taxes. he asks all the politicians to sign. that who you are talking about. is destructive. there is a difference between investing in something that will have long-term value and just in raising taxes to meet short-term needs. but infrastructure made this country great becky, 12 years ago the world ec ranked us number one in the quality of -- and comp infrastruc today we've slipped to 15th in the world. the chamber of comm and the

aflcio have endorsed raising the gas tax. two organizations who couldn't agree on what day of the week it is but they've both come out t. why do our leadership, even the white hous is not willing to ye of other things. first we have to repair the highway trust fund by raising the gas tax. >> if not now, it raises the question when. when you are looking at gas prices that have dropped substanty fro whe we were a year ago. you're conside what larry summers, the former treasury secretary has been talking about for years. we have zero interest rates right now. now is the time to do this. >> of the suggestions -- it's revenue neutral. bring back building america's bonds. the very successful during stimulus in getting states and local government to invest, the federal paid 35% of the debt service. but these are taxable bonds. so the federal governmt gets taxes from the bonds that are sold. that would free up tens of billions of dollars for the

private sector to get in and invest in economic opportunities to rebuild our transportation s of our infrastru as well. that's a revenue neutral idea. so you don't need to be a rocket scientist to solve this problem. you need to have the type of courage that made this country ed, i'll point out some digging trying to find out why high-speed rail works in places like japan and germany. ja has seven for-profit companies, the private sector is doing it there. how do we get more input from the private sector. >> europe gets a lot of private sector investment because they loan out funds to private and public sector infrastructure projects. we can do it. we can lift the cap on private activity bonds. yes, we need the private sector. it's part of the answer. but it's not the only answer. we've got to get some structural

chans in the way we fund transpor infrastructure, period. exclamation point. >> governor rendell. thank you so much for your time . here is a look at what's making news as we head into a new week. a slightly disat a pointing emg ploiment report for the mont of june. the economy created 223,000 jobs last month, slightly below what economis had forecast. the unemployment rate fell to 5.3%, the lowest level since april of 2008. that was in part because there we fewer people in the work place looking for jobs. numbers for previous months were revised lower. it was a volatile holiday shrtened week for stocks. the market with the worst day of the year on monday. the dow falling more than 340 points rebounding later in the week, moving once again with fears of a greek default and hopes of a deal. stocks were lower on thursday. america's auto sales continued in high gear. gm sales fell 3%. ford was up 2%.

chrysler was up 8% and toyota climbed 4%. also for the first time ever ch dealership than ford. some passengers may be seeing red. the airlines's policy of allowing a checked bag ends on tuesday. southwest is the only airline still allowing free bags. up next "on the money," the idiot box may actually be smarter than you think. digital media was supposed to kill the television industry. one journalist says it's actually been the other way around. later, there is a new way to get last-minute tickets for broadway shows at a discount. also, you won't have to wait in line with the c square. every auto insurance policy has a number. but not every insurance company understas the life behind it. those who have served our nation have earned the very best

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most controversial citizens. a journey in new york is a journey through history. plan you next trip at iloveny.com/summer. there's something for everyone. industries like print and music ha been dying a slow death thanks to the digital one medium that so far has escaped its wrath. that is television.

media expert michael wolff says don't expect it to happen anytime soon in his new book called television is still television. thanu for being here this morning. thank for having me. it's not that we're just waiting for television to die at some further point. i think television is the disrupter of digital media. >>. it's the o other pund now. tell us ho conclusion. i love you >> it's lite at televis around it what we do. we watch t more televis before. >> are you when we wa screens? >> absolut i'm drawin between te distributi television. this is televis as a business model. literally, it' -- it's the programmg made by the television industry wherever we

see it. >> why is television different from print? why is it different from music business where we've kind of seen them fall and seen their content almos given out for free? >> i think -- >> on digital. that's the key. better management. it's literally the television industry, which we have looked at as the kind of dinosaurs, people not getting it when -- when the digital world came along and said everything is going to be free, television said, nah. we thought, oh, those are -- those are relics from the past. and i think, in fact, that turns out to be the critical moment of saying, no, we're not going for free. we're not giving it away. >> because they saw other industri -- >> totally. even i think -- it wasn't even seeing other industries. it was just being so good at their own business model. you want our programming. you pay us a licensing fee. and they couldn't actually even

understand to their credit that there could be another way. >> because they were so stubborn and because maybe in some cases they were a little meaner, a little more brutal? >> you think about the television business. it has been since its -- since it started in the mid century a fight for contr and a fight for territory. and when it came to the digital wars, they just treated it like any other -- any -- anybody else who wanted to benefit from television content. and i think now -- now we're at the point where you can begin to see that streaming just adds another chann to television. broadcast, cable, streaming. and television is interesting because new -- new outlets haven't vulcanized. they've expanded the business. >> we have seen netflix come in as a new player. that's not to say you can't hav broadcas coming into the

business as well. >> it's very important to remember, this year netflix will pay the television industry $3 billi in licensing and producti fees. so netflix becomes another who do you think is the executive who understands this better than all others? is there somebody who -- >> i mean, less moonface is probably the -- right out there. if you were ever -- if you were in a content business at this point, i think the person you would want most of all on your side is less. who runs cbs. >> because? >> because i think he knows -- he has been very clear on the value of his product, and then absolute stubborn, obdurate in making people pay for it. >> thank you for joining us today. the book again is called "televis michael wolff. up next.

if you want to see a broadway show at a discount and skip the long lines, guess what, there is an app for that. we'll show you how. searching

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use your desktop, tablet or smartphone fast and friendly with no ads or distractions. fi classics, pre-owned and new cars, all on li ♪ ♪ if you are visiting new york city this summer and want to take in a show at a discount. get this. used to be you had ton line and wait at the times square booth. there is a new app which is a great opontix. >> it's super easy. so much better than standing in line at tkts. you can put it in online a week the theater. i like doing this. i can just -- i can come to these nice people. they're always so friendly. we ask the customer's names. they'll give it to us. we'll find them here, click on their na have them sign for the tickets they have

ordered. i got $20 off, which always a bonus. >> two tickets? >> pick the show i wanted and . >> every night 20% of tickets to broadway shows go unsold. i recently spoke to the co-founds of today tix. merritt ba and brian fenty, about how they built the app to et a piece of the last-minute producers . we've wait before. it's an ic. today tix 2015 versi. it's last-. best prici. 30 seconds >> i don't heat or th? is that th? >> exactly. unlike tkt tickets up so you can discounts the show u one hour b >> seven d a long tim i'm surpri you an inv how much o actually g? >> many ca

30%, 40%, shows on b >> wow! so how many tickets are out there for people who might be coming into new york city this summer? wh kind of things might they be able to see. >> there are about 40 broadway theaters. so there are millions of tickets sold over the summer. 50% of them are sold in week. the app, i hit the button, i y. buy the tickets and then i show up at the theater and there is someone that you guys have placed there, very recognizable, is going to hand me the tickets? >> we have uniformed agents that stanoutside every theater and hand-deliv you tickets. you don't have to print at home or maybe lose your confirmation number or anything. they're ready for you. >> how do you make money? >> we charge a transparent $5 per ticket fee no matter whether you're buying a discount ticket, full price ticket or anything in between. it's very transparent and hopefully an inexpensive way to

have a great night out. >> it sounds like a great idea. i love it. you're clearly the first to market with this. are this barriers to entry for other compani to try to come and do the same thing? >> brian and i are excited about what we're doing in new york, and the customers we're offering great opportu to. we're also expanding geographic as well. we lunched in london this month and we'll be expanding to other great cities across america this year. you buy the tickets you can't necessarily see which seat you're getting. we have a team that makes sure you're getting the best available seats at the time of purchase. we have over 2,000 five-star reviews in the app store. our customers know we deliver the best experience. what was the first show you ever saw on broadway? >> i saw "ragtime," and it was pretty incredible. mine was "beauty and the beast."

>> mine was "les ms." thanks for joining us. >> thanks for having us. >> theater tickets are not the only bargains to be found. it is the fourth of july weekend. there's another big tradition for us american. it is shopping for summer bargains. joining us is senior personal finance sharon ep to talk about your money, your future and how to find the best deals. great to see you. >> there are a lot of great deals out there. people may want to go out there and see what they can take sales. of this summer in >> what are the deals you can get right now? >> some of the big deals you can get on big-ticket items are things for the home. indoor furniture or outdoor furniture. a lot of people think they boug a house in the spring. now is the time to decorate. they can get great sales on indoor furniture because the new lines come out in august and they have steep discounts right now. when you're talking about patio furniture we're halfway through

summer, and so, as we get closer to labor day, you see prices dr further. what about some of the smaller ticket items? are there bargains out there for those too? >> think about back to school no!ping. >> seems like the kids just got out of school. a lot of folks start back in august. now is the time to do the back to school shopping. $26 billion spent on back to school items last year. that's something you can take advantage of now and get those deals. 15 states also have tax-free holidays in july and august. you want to look for those days and days that you can buy clothes and other supplies for going back to school. >> sharon, are there any items we should stay away from or wait a while before we go for? >> defy elec trielectronics. you get bigger sales come black friday. th like lawn mowers, you see the steeper discounts later in the fall. cars.

cars, the best prices you're going to get on the models for this year, probably at the end of the year. not right now. bigger discounts later in the year. we always wait. sharon, thank you. as we head to a break. here is how the stock m. ♪ saving for retirement can feel overwhelming to some. at voya, we believe it doesn't have to. the best plans start with the little things. like making smart choices every day. to help save your orange money. one dollar at a time. that's how it starts. how it finishes, we can help you there too. start today, be ready tomorrow. get organized at voya.com. when i started at the shelter i noticed benny right away. i just had to adopt him.

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♪ ♪ for more on our show, go to our website. and you can follow us on twitter @on the money. here are the stories coming up that may impact your money this week. on monday the ism non-manufa index for june is due. that tracks the service sector of the economy. on tuesday the med moguls meet for the annual sun valley conference. also on tuesday walmart is hosting in the usa open call. vendors pit produ to the retailer. tuesy is comic-con. the comic book convention in san diego. on wednesday we get the minutes from june's federal open market committee. when the numbers and minutes will released. that's the show for today. i am becky quick. thank you so much for joining me. next week found out how to get the best interest rates for your

hard-earned cash. savings accounts that pay something. a novelty. keep it here on the money.

>> right now on nbc 10 news today, fourth of july fireworks could be to blame for this fire off the atlantic city boardwalk and a rental house ignites in the middle of the night in ocean city. we'll have the details on that in a live report. and a philadelphia man is dead after being shot 18 times. the gunman is still on the loose. police say his murder was just the start of a violent night in the city. we are in store for a brighter day today. the sunshine will return after a soggy saturday. how long will it last? the answer coming up in the first alert forecast.