. hi, everyone. welcome to on the money. i'm becky quick. new moms get it. new dads, too. should you get time off if you're not having kids? the controversy over me-ternity. how a cutting-edge treatment improves their sight and keep kids from going blind. >> i was like, oh, i can see that. >> the number you need to know whether you're buying a car, a house or even a job. how it can help you or hurt you. and to the top of the world and snapchatting their incredible trip to mt. everest "on the money" starts right now. >> announcer: "on the money" starts now, your money, your future. now, becky quick.

>> we begin with family leave. the united states is the only industrialized nation that doesn't guarantee paid maternity leave. that is beginning to change as cities and states pass programs to help new mothers and fathers. companies like netflix are going a step further. that is our cover story this week. 2016 has been called the year of the parent. this year, san francisco became the first city to require fully paid parental leave and new york state joined california, new jersey and rhode island in requiring paid time off statewide. so only 12% of u.s. employees get paid family leave from their employer because federal law only mandates that the companies provide unpaid time. as more mothers re-enter the workforce, that needs to change. in 1975, only 47% of mom with childrens under the age of 18 worked. now it's up to 70% and it's not just mothers who want time off for a new child. the acceptance of paternity leave is growing as well with

90% of new fathers taking time off. millennials are more likely than other generations to cite paid parental leave as an important benefit. employers are taking notice, especially tech companies. netflix offers unlimited parental leave for the child's first year while facebook offers four months. one woman is taking the conversation further in her fictional novel "me-ternity." she faked a pregnancy to take time off. joining us is the author megan coy. thank you for being here. it's a fictional novel but it did touch a nerve. >> yes. it's fiction that was meant to be a lighthearted book but a woman, 31, single, works at a beauty magazine and she's burned out at her job so in a screw

ball way deseeds to fake a pregnancy because shell get the rights and privileges of those that are pregnant. >> and the new york post picked it up and says she wants all of the perks of maternity without having a baby. what happened? >> i think they kind of took the idea of the book and created my headline. you know, so the idea for the story was i was sharing this story that i did, i quit my job to carve out time for myself and freelance but it was really meant to be my personal story and i called it a me-ternity leave but a joke to myself because all of my friends were having kids and i wanted that for myself. so it's a way to joke around with myself and i called it my me-ternity leave. >> there's so much talk about workplace leave and i think it's probably an evolving workplace at this point where things are

changing pretty drastically. you waded right into the middle of that conversation. >> i think what was crazy, i had written this book from this total totally visceral place and then after the story came out i realized how universal this was and how many of us are struggling with it and balancing everything. >> in the workplace today, i think employers are much more flexible than they used to be. not just maternity leave but leaves that you can take care of a sick relative or pet. i think it's forcing the workplace to be more flexible and maybe that's a good thing for all of us. >> i think some people feel like it's difficult to ask for that flexibility but i think there used to be one-track to do things and now there's so many ways to go about it. >> you talk about the controversy that it creates in the workplace. the co-workers taking advantage

maybe or taking some of these policies and going with them people get left behind to clean up their work. that's probably something you've experienced, right? >> yeah. i think in my early 30s i had always thought in my 20s you work really hard and cover for the women in their 30s and 40s and have kids and eventually the cycle will come around for you but i think at that moment, 30, 31, it didn't happen for me and i thought, what am i going to do? it is a little bit unfair but all of my friends started having kids and you see from the other side how difficult it is for moms going through this and how it's not easy at all. they are doing two jobs. and i don't feel that way anymore. >> you've evolved in your thinking? >> yes. i've heard from people dealing with this, too, and they are like, it is unfair. i think there is a sentiment of that. >> the addition of social media and the internet makes it a much

more viralant place when you hit a controversy or a nerve like that. >> why hyes. it was frustrating because the story didn't reflect what i feel but i can understand where moms and people were coming from when they were attacking but at the same time, when you don't see the effect your words are having on the person, it makes it easier to hit send and that's a little difficult and i think maybe before, assuming somebody feels a certain way, maybe you might want to ask them. >> do you think everybody deserve as break from work at some point? >> i don't think people deserve a break necessarily but i think it can be a positive thing. like if you can make it work for yourself or talk to your employer and figure out because you created a great track record for yourself and i'll come back way more creative and productive, it can be a good thing. >> what are you doing now? >> i'm trying to work on my next book. >> any ideas that you can throw

out at us? >> yes. ironically, one of the characters in this book, i was fascinated with her friend bree so i'm going into her life and seeing what she's dealing with. it's about a single woman trying to find love. >> i think you made a lot of people think. thanks for coming on. >> thank you for having me. now here's a look at what is making news as we head into a new week "on the money." oil prices bubble to a new high. crude oil above $50 a barrel because of falling supply, increasing demand and weaker dollar. ka nadier territory was responsible for the rising prices which pushed stocks up in the middle of the week. the market seems to like higher oil prices. the dow closing above 18,000 for the first time since april. the nasdaq and s&p 500 hitting the highest levels since 2016. stocks fell on friday. if it can happen to him, it can happen to anyone. mark zuckerberg had some of his

social media accounts hacked recently. he used the same password for them. it was da, da, da. we're guessing he won't be using that again. up next, we're "on the money." seeing the future. a new experimental medicine that may prevent these children from going blind. and later, are you ready to buy a new car? you better make sure you check your credit report first. why someone else's money mistakes could ruin your deal. take a look at how the stock market ended the week. we were born 100 years ago into a new american century.

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a new type of medicine is approaching the markets that sounds like it came from a science fiction novel but it came from a lab by targeting the

underlying cause. meg is joining us. it's pretty interesting stuff. >> it's re, really cool. as we learn more about genetic, companies are turning that knowledge into more effective treatments. we met one family whose kids are some of the first people to try this. >> let me see that. >> reporter: caroline and cole carper have been through more of your typical siblings. >> i can't imagine it being any different than the two of them being together and going through this together. you know, they've had to learn braille together and gone to school for the blind together. >> reporter: they were both diagnosed with lca, a rare retinal disease. >> the doctor really said there's nothing -- there's no medical treatments at this time. >> reporter: both caroline and cole were expected eventually to go blind. but their parents found an experimental treatment and two years ago, the kids enrolled together in a clinical trial. it was a spark therapeutic, a

biotech company formed out of the research of children's hospital of philadelphia. >> the idea is we're taking the correct functional copy of the gene and adding it back into the cells that have dysfunctional or missing copy of that gene or blueprint. >> reporter: it's called gene therapy. and it's relatively unchartered territory medicine. the technology uses a modified virus to deliver a healthy copy of the gene to make up for one that causes disease. scientists have been working on it for decades. but only now are the first gene therapies approaching the market. spark is the most advanced. once they are in place, they are designed to do the work of a normally functioning gene, meaning patients only undergo treatment once. in trials of 41 patients, the therapy has shown to improve both vision and light sensitivity with no major side effects. caroline and cole were no exception. before their surgeries, both kids had trouble seeing in low

light. now, though their vision is not perfect, they say they are noticing big differences. >> good things are to come. >> it was snowing and i'm like, oh, i can see the snowflakes. it was really cool. to actually see something i've never seen in my life before. >> reporter: spark is one of several companies developing gene therapy targeting everything from sickle cell disease to other disorders. if successful, it will be a new paradigm, fighting genetic disease in one treatment. >> i thought it was really cool, how simple it was and how it changed my life. >> so patients only have to receive one treatment. spark is so committed to this idea, it chose once, or o.n.c.e. as its stock ticker. it's getting fda approval for this treatment. >> this is amazing.

watching those kids to suddenly be able to read, that's amazing. >> he was a braille champion before getting this treatment. it was really incredible. >> when you talk about a one-time treatment, that's phenomenal for the patient receiving it. a lot of times you're going after the drugs that will give you the most money and the most return and that tends to be the ones treated as chronic illnesses. how do they price something like this when it's a one-time treatment? >> that's the biggest question because a lot of rare diseases you're paying $300,000 per patient for the rest of the patient's life. for something given once, do you pay a one-time cost of $1 million up front or do you spread that cost out with new economic models that we haven't even tried before in the drug industry? so this is all being talked about right now. >> it's amazing to see the progress that they've made. it sounds like it's out of science fiction. >> it does. meg, thank you. >> uh-huh. up next, we are "on the

money." no credit? that is a big problem. why not paying your bills on time could ruin your chances of landing that dream job. and two american hikers trekke t to grow up. but teachers like mr. elliot saw something in me. made a connection with me. now i'm a teacher myself, right here in camden. i'm just passing it along to my own students and making those same connections my teachers made with me.

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usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. if you're planning on making a big purchase or changing jobs anytime soon, make sure you check on your credit report first. the detailed history of your borrowing and spending is often looked at by employers or big banks and if you have bad news on it, it's bad news for any of those. if you don't know where to begin, don't worry, sharon epperson is here to explain. what is a credit history, what is a credit report and how do you go about checking on your own? >> a lot of people know that their credit score is something that a lot of lenders will look into. what goes into that is the

history on your credit report. that includes credit card account balances, your loans, mortgage, sometimes rental information will be on there as well as any bankruptcies you must have had and any negative items you might have had. even a collection on a library fine could be on your credit report. >> what? >> as someone who knows that that happened. >> you, right? how far back does the credit history go? where would i go about checking it? >> negative information is on there for seven years. really all you can do is pay your bills on time and wait it out to make sure that has less of an impact. you want to go to the three major credit bur bureaus. go to annualcreditreport.com. get a copy from each of those agencies once a year, once every 12 months. >> for free? >> for free. >> if you find any errors, things that are you pretty sure are not yours, what do you do

about it? >> circle the errors and get the supporting documents to dispute why they are errors and then you need to contact the credit reporting agencies, let them know about it as well as the what if you find bad information and you realize it is you, the library book that you owed $2.50 for? >> you have to fix it. you can fix it yourself and perhaps go to a credit repair service if you think that they can do a job for you that's going to be a legitimate job. don't get scammed by some companies out there that say they are going to fix it, make it go away right away because that's not really possible. >> how do you know a scam from the real thing? >> i think it's best to try to do it yourself first. that's the best rule of thumb. there are websites that will rate credit repair services but it's better to do it on your own. also, if they say they are going to try to change your identity or help you change your identity, that's something to be

aware of. if they cause you an up-front fee, pay this and we'll fix it for you, that's likely a scam. >> sharon, thank you. >> sure. up next, "on the money," a look at the news for the week ahead and the mountain climbers facing a life-changing decision near the summit of the world's tallest peak. >> you're there and you're like, i'm scared and i want to leave y connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future,

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for more on our show and guests, go to otn.cnbc.com and follow us on twitt twitter @onthemoney. we'll see how the retailers faired for the month of may. it's been a rocky environment so we'll check that out. and johnny page and robert plant and led zeplin will appear in court for "stairway to heaven". and friday brings new data on real estate. that's when the number of housing starts for the month of may is released. it's unusual enough to try to climb the world's tallest mountain. it is even more unusual to do it without bringing along additional oxygen. what two men did bring along without the oxygen this time around was snapchat.

that was the hash tag for the first time that gave followers a look at their adventure. one made it to the peak and the other did not but both returned safely. i asked about the hardest part of their journey. >> for me, the hardest point was the point that i turned around. this was something that i had dreamt about since i was a kid. >> only 1500 feet away. >> 1500 feet from the summit, got dangerously cold, shivering uncontrollably. there's no question, i had to turn around and come down because this is more important. life is more important. >> i give you massive kudos for recognizing that it was something that you needed to turn around. that must have been really difficult. >> it was. it's something i'm going through now, feeling that and knowing i made the right decision but i failed on the mountain. >> corey, you made it to the top with no oxygen which is something fewer than 200 people have pulled off. what for you was the most striking thing, the scariest thing, the most concerning thing

along this journey? >> the hardest part for me was adrian turning around and for a number of reasons. a, you've spent all of this time being with your partner and investing so much time into the climb and then they leave and that put me in a position of being alone on the mountain in the dark in a storm and that's very scary. but the hardest, you know, sort of -- i guess the most striking thing for me is how little impact being on the summit actually had. i was there for three minutes and then i was gone. >> few months to climb there. >> yeah. and really a whole lifetime of investment into climbing and thinking about this and wanting to do this and then you are there and you're like, i'm scared and i want to leave. >> you brought the world along with you with snapchat. people were really able to see and it was an unfiltered view of what was happening. >> it really felt like an experiment for us. snapchat posts right away. it's instant and i just loved

that because i think a lot of people don't understand what it takes to climb everest. >> was that motivating along the way? >> i think, yes. absolutely. especially on summit day, there is an element of like -- you know, i don't want to say the world's watching but it kind of feels good to have people who have your back and they are invested and excited. >> adrian, you've been doing mt. everest many times. how many times to the top? >> six times over the last nine years. >> when is enough enough? >> when is enough enough? >> you know, i'm not sure. i truly love the human struggle that happens on everest. so clients with supplemental oxygen, they push their bodies so far. it takes so much mental strength. i love watching that. and that's what i really felt this year, like finally finding that point of failure and being broken by the mountain. i loved it. >> but you're going back, right?

aren't you going back with oxygen? >> i certainly want to try. >> is this just a way of life for you at this point? >> it is a way of life. i've been spending seven to eight months a year living in a yellow tent on mountains on the planet in the last 20 years. certainly it's my way of life. >> i just think there's a misunderstanding that once you do something, you stop. you reached the point. and i don't think climbers, especially people who are very passionate about climbing big mountains, there is no box. it's a motion through life that continues to give. >> and i just want to say congratulations to both of you. we're glad you're here safe and we look forward to hearing of your other adventures. thank you both. >> thank you so much. that's the show for today. i'm becky quick. thank you for joining us. next week, how to keep your pets safe and healthy this summer.

each week, keep it right here. we're "on the money." have a great week and we'll see you next weekend.

today, planned attack. police in florida release new information into the killing of "the voice" singer christina grimmie. we're live in her hometown with reaction. we'll have all the details on the area's largest lgbt celebrati celebration. we've got some changes in our first alert forecast. good morning. this is nbc10 news today. it's 5:30 on this sunday. karen thomas is watching the weather this morning. re