alison kosik is watching your money and watching the baby patrol as well! lot of controversy over this, alison. a lot of people talking about this decision. >> there is. you know, kind of remind me soup nazi. this is kind of a -- yeah, exactly. no restaurants for 6-year-olds. this is happening at mcdane's restaurant in monday vovilroevi pennsylvania. near pittsburgh. his name is mike buick. he and his customers have had it with these noisy kids and he wants them out. he doesn't want them in the restaurant. you know what? it could be good for business. the restaurant happens to be attached to a golf course so this kid ban could pleas those older customers who come in. buick says i'm giving customers what they want. here is what he has to say. >> we've had the place here for 22 years and the restaurant 9. i've noticed in the 9 years certain people can't leave their child home. maybe their child is the center of the universe but they don't realize it's not the center of "the" universe. >> well, well, well, i'm sure plenty of local restaurants ready to jump on t

i'm alison kosik in new york. >>> looking ahead to the start of thursday's session, this is where u.s. futures stand in the premarket action. the major indices are looking mixed right now. no one wants to take this up before they get real news. >>> speaking of the united states, the u.s. is streamlining its technology operations in terms of space and also costs. the obama administration announce it will be shutting down 178 computer centers as of next year. this is part of a wider plan to close 40% of its 2,000 data centers during the next four years to come. the move is expected to save the u.s. government billions of dollars. of course, as we've been saying on this show, it's spending billions of dollars. any moves like this to save some money is probably good news. >> absolutely. you know what? the u.s. is following the lead of the private sector. making this transition to cloud computing. that means files and applications will be accessed through internet, making storage easier for the swell of information expected. 1.8 units will be replicated this year. that's the amount of info

alison kosik is at the new york stock exchange. lot of people, it was not long ago, we lost a lot of money. and wall street now is preparing for what might lie ahead. do we see people reacting the same way? >> reporter: oh, yes. definitely. wall street is getting nervous at this point. you can see it in what the major averages are doing today. t dow down 88 points. investors are putting their money in gold and getting out of stocks. you're steeg in teeing it in th it's weak. and we're seeing it in the viks. th vix. that is spiking. i'm with the director of floor trading. >> one thing the market really hates is uncertainty. and right now, there's a ton offen certainty out there, whether it's the debt ceiling or possible downgrade and don't forget friday we have a big jobs number. so uncertainty all over the place. low volume. and the numbers in the s&p, 1335, we can't hold, so a lot of technical things going on. >> what are you telling your clients? >> if you're in the market, stay in and keep a close eye on things. but if you're no

alison kosik is in new york. are you there? we can hear you? >> i am hear.d see you. >> what's driving up thinks concert ticket sales? >> the promoters have to get creative, because the industry just had a heart time last year. yeah, they're bringing in 16% more this year, because they are getting cede th creative, you know, like j.lo and pitbull, now they're combining, so we're seeing like rod steward, new kits on the block. >> they're playing smaller plays, so they're streamlining, making it more -- giving more value outside and inside, it looks like the real deal. even the employees have these blue t-shirts and their tags, but you know what? these stores are a big rip-off. a few have opened up in different cities in china. it looks like a real apple store, doesn't it, don? >> yeah, it does. >> but they're not. this isn't like when you go walking out in new york and pick up the fake purses, and if they see cops, they put the tarp over over our throw it in the truck. they're actually ripping off the apple name. what they say is they are selling tell -- so t

alison kosik at the new york stock exchange with more on this story. htening that there are companies now that can go online and find out every single thing about you. you know? >> makes you feel smart, doesn't it, without that facebook page of yours, kyra. >> see? exactly. it's the first reason why i said that's why i don't do it. this is giving me some justice, i guess. >> there you go. so, yeah. you talked about these companies that do this. one of them think this is really a new trend. it's called social intelligence. what this company does is it searches the internet to find information about prospective job candidates. it actually compiles a file on that person. it collects both positive and negative information. you know, the good stuff like charitable work, the honors you've gotten and, of course, the bad stuff. the racist remarks you've made online, sexually explicit fphots you've done or illegal activity, making looking for oxycontin on craigslist. it gives all this information to your prospective employer. think of it as a preemployment scree

alison kosik has details on your money. you're always on time.debt downgrade for the u.s. government. what do you think every day americans should know when it comes to their investments right now? >> well, everybody's getting pummeled with the headlines. try to keep your eye on the long term. with that being said, many traders expect the market to take a short term hit if the government debt rating is downgraded, what you'll see is more volatility in the market, but things will get back to normal. listen to the advice that one trader gave me. what are you telling your clients? >> right now if you're in the market, stay in and keep a close eye on things. but if you're not, stay on the sidelines. just watch. there's no rush at the moment. just too much uncertainty. >> trance laying, don't make any big moves right now as long as you're diversified, of course. also remember, you shouldn't really try to time the market especially if it's your retirement at stake. and remember, when it comes to investments, nothing is guaranteed. the bigger the risk,

alison kosik has the latest. >> the across-the-board gains came iowa after a big headline.lped offset lackluster read on the jobs front and that deal on the greek debt crisis provided a spark as well. at the close, the dow surged 152 points to and at 12,724. the sixth triple-digit gain in three weeks. 29 of of the 30 companies ended higher. the nasdaq and s&p also rose. more began stanley jumped more than 11% on the day even though the bank posted a loss in the period. it still beat forecasts. >>> at&t's shares gained modest leads, even though profits fell by 10%. the company pointed to strong wireless sales. at&t was the first carrier to sell apple's iphone. >>> on the economic fund a closely watched, climbing more than expected. weekly jobless claims also rose though that's not good news. first-time claims increased by 10,000 last week to 418,000. analysts were expecting them to hold steady. that's a wrap of the day on wall street. i'm alison kosik in new york. >>> well, if the economic news lets you down like that jobs numbers, the earnings numbers will pep you up. micro

i want to go to our alison kosik who's at the new york stock exchange because i know alison, a lot of people are thinking about what the president said. we know there are various proposals, there are a lot of big numbers that are out there, but a lot of people want to know, retirees, am i going to get my social security benefits come august 3rd? student loans, are they in trouble? car notes. is that going to be a problem? we heard the president say interest rates, if they go up it's going to pose major problems for a lot of people. is that the scenario that is going to play out here that you see as being really a legitimate concern for people to have? >> well, according to what the president said just this week, suzanne. he said you know, what come august 3rd i don't know if you're going to get your social security check. you know, what's going to wind up happening is the government's going to have to prioritize its obligations. and that means all of its payments. but there is a chance that some of those payments won't go out. but you know, at this point when you look at how the marke

alison kosik has revelations from new york stock exchange. alison? >> reporter: you know what, kyra? it all depends on what you're buying. the reality is you can't be sure you're getting a good deal unless you know what the item costs in a regular retail store so you know what the advice is? do homework. what your currency is worth has a lot to do whether it's worth it to buy in the duty-free shop. the euro is weak let's say and buying from a duty-free shop is not a great deal after all. even in "usa today" a traveler says he gets great deals in kenya but it depends on where you are. this is big business duty-free shopping. shoppers spent $39 billion at duty-free shops last year. >> what items is it worth it to buy at these shops? >> reporter: this is the meaty part here. three examples of the top items people go for. perfume and cosmetics. i say buy it duty-free especially if it's a multipack with more savings. if you're looking for cigarettes, buy those duty-free as well. the fact is we pay a lot in taxes here in the u.s. electronics, though, buy t

alison kosik has tips to help you save. >> hi, alison. >> hey, fredricka.s aren't just raising car prices these days. they're also offering fewer incentives. edmonds.com says incentives were down almost 20% in june compared to the same time last year. that, would out to an average of about 2,000 extra that you spend on your car. so before you we begin looking for new wheels, cnn's peter valdez recommends finding out what the car you have is worth now. be honest about your car's condition. the website will tell you how much you could get, if you sold the car yourself, and you can use that to figure out if a dealer's offer for your trade-in is a realistic one. >> what about your new car? how can the internet apparently help? >> well, do your homework. when you walk into a dealership, be prepared. peter valdez says you should know which model you want and why. go to sites like edmonds.com, kvb.com and aol autos. they give information on fearings like fuel economy and power and these sites tell you real world prices as well as sticker prices. once you've narrow

letting alison kosik know too. she can check the details that have for us. is one more hit, alison, right, for the media mogul? >> reporter: it really is. you think about what the past, just the past week has been for us news corp. watching its stock prices class a and class b shares. they have plunged over the past week and now this could be just yet another blow to the stock today. the markets open in about four minutes. we will see how news corp shares do. >> got it. alison, thanks for playing. skies news reporting news corp dropping bid for be sky be and we will follow that throughout the hour. >>> could be another instance of the cover-up worse than the alleged crime. roger clemens instead of baseball's hall of fame he could end up in the federal prison. live analysis as clemens' perjury trial gets under way today. on our car insurance. great! at progressive, you can compare rates side by side, so you get the same coverage, often for less. wow! that is huge! [ disco playing ] and this is to remind you that you could save hundreds! yeah, that'll certainl

alison kosik is at the new york stock exchange. break this down for us.d it's not good news. >> yeah, suzanne. you said it, the headline, it sounds good. but read into the report and you find out why it's offering false hope. the reality is that banks, they are taking their time foreclosing on the properties, because of this robo sighting scandal. remember when banks got into trouble for foreclosure without following the proper protocol. it's taking longer to foreclose, almost a year to process the average foreclosure from the initial notice to the final sale. what you are seeing happening here is kicking the can down the road, meaning, you know, get ready to see the market flooded with yet 1 million more foreclosures. >> when is all of this going to be worked out in the housing market so it could get back to normal? >> you know, analysts are saying it could be years. the housing market, it still has not found a bottom and may not happen until the onslaught of foreclosures are worked through. analysts say don't expect the housing market to return to norma

alison kosik at the new york stock exchange. >> the headline sounds good but when you read deeper into report and you find out why. what is happening banks are taking their time foreclosing because remember that scandal last year? banks got into a lot of trouble for signing off on foreclosures without following the proper protocol and now ktaking a lot longer to process. it takes 318 days, almost a year to process an average foreclosure. i'm talking about from the initial notice to the final sale. what you see happening is kicking the can down the road. meaning get ready for more foreclosures to flood the market. >> alison kosik, thanks. >>> from the bull pen to the red carpet. san francisco giants brian wilson fraeds in htrades in hisr a one-piece spandex uniform. sports and fashion in a second. its retinol formula smoothes wrinkles in just one week. why wait if you don't have to. neutrogena®. but i did. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. ♪ sometimes when we touch ha ha! millions of hits! [ male announc

our alison kosik is at the new york stock exchange with the details. how much would it cost? >> reporter: i have to say this. i can't imagine spending my time and figuring this out. i don't know. i can think of at least one or two other things i would rather be doing but that is just me. a bunch of economists at lehigh university in pennsylvania, they sat around with their thinking caps just to figure it out. you know what this really shows, don, how popular the "harry potter" franchise is. we see it, kids dress like harry and they are lined up in advance to get books and all sort of other things. there a big cult following. okay. let me answer your question. how much would a hogwarts education cost if there was such a thing? drum roll. more than $43,000 and only one year. tuition is the biggest chunk. remember, harry, he needs a unique list of school supplies. the usual textbooks and seven go for about $500 and three robes, another $500 and he needs a wand and gloves and a cloak and pointed hat. the group looked up these items on amazon to price them. now to compare, $42,000

alison kosik. >> who is the latest? carney wilson, we all known her as the woman who has publicly battled weight wishes and daughter of the beach boys brian wilson. she has defaulted on her mortgage from tmz, reportedly owing $1.6 million on her l.a. home, kyra. tmz says the auction for this home is set for next week unless she pays up. she's not alone. she joins a growing list of celebs who lost their homes. nicholas cage, jose canseco, michael vick, aretha franklin are on the list, too. they may be celebrities but they're human, too. kyra? >> gosh, celebrities, they're often multimillionaires. why are so many of them losing their homes? >> you know what? there are a bunch of reasons. their neighborhoods -- they were slammed by the housing recession as much as the rest of america was. palm beach, florida, greenwich, connecticut, and prices fell so much that jose canco walked away from his home. that's also known as strategic default. just because you're a celebrity doesn't mean you know how to manage your money. if you

alison kosik in new york.eep mentioning over and over opinion the deadline, august 2 on this debt deal, house republicans are going to be voting, though, tomorrow on this plan to balance the federal budget. how if at all would that will be affecting stocks. >> they've been pretty passe about it. but now they're getting nervous. you saw how the market did today. there was a selloff on the dow. there was a huge rush to buy gold. we're watching the vix that tracks fear and volatile ivolat. president obama says a deal has to be reached by this friday to get through congress in time. investors are taking notice as of today. >> so stocks being affected there. also affected, borders bookstore. they're having problems. i was just buying that book "the help." but i guess too many ereaders out there, huh? >> enjoy it while you can. reports are saying borders ha has announced it's closing another 399 stores. it's going to take a financial miracle to keep this company afloat. a bidding deadline passed tomorrow with no off

we're going to go to you alison salison alison kosik.bers very much affected by the debt talks. no one is coming to a final conclusion yet. >> oh, yes. stocks took a beating. it was all about that one word debt, here, there and everywhere. you know, in europe, step aside, greece. worries that the world's seventh biggest economy will default on its debt really set stocks off into a tail spin. here in the u.s., we still don't have a deal on raising the u.s. debt ceiling and apparently neither side is willing to domp mize on key issues. we're getting close to that deadline august 2. it's making investors really nervous. i've got a silver lining for you, brooke. volume is light today. which means there isn't a lot of conviction behind the selling. so it looks a little worse. >> looks like they're leveling off. are they leveling off? and why is that? >> they are. you know, we watched prices go down every day for almost a month. now they' gone up for six days in a row. it looks like they may be holding around $3.60. around that range. it's bec

alison kosik is at the new york stock exchange with more. alison?eporter: every generation gets a label. we have the baby boomers. the gen-xors. this company says it's figured out what makes milllineals tick. >> our business is about the young people coming of age. they are an important market for us. they are our market and they are a very different consumer. they want things that are uniquely and tailored just to them and they are not satisfied with taking something off the shelf. they need to customize it in some way. that expands to the wedding and baby names that they choose. >> reporter: epi lineals are a huge market for them. only 20% of millineals are married and 20% married and mostly in their 20s they say a successful marriage was the most important thing in their life or very important. being a good parent is an even higher priority. 95% say it's the most important or very important. and also want to own homes. 73% in the most important or very important range and each of these milestones what they want is information and lots of it. kyra

i'm alison kosik in new york. >>> coming up on "world business today," as the u.s. debt deadline gets a close-up, we'll bring you three fresh perspectives on a deadlock that's become a debacle. tinted s with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. then go on to even skin tone in four weeks. any questions? no. you know... ♪ we're not magicians ♪ we can't read your mind ♪ ♪ read your mind ♪ we need your questions ♪ each and every kind ♪ every kind ♪ will this react with my other medicine? ♪ ♪ hey, what are all these tests even for? ♪ ♪ questions are the answer ♪ yeah ♪ oh >>> hello and welcome back. from cnn london and hong kong, you're watching "world business today." >>> of course, all eyes are on washington as they have been for days and weeks now. the fact is no one knows for she sure what will happen if the u.s. defaults. we spoke with three experts with their dpin ger on the pls. jim rogers, stephen roach, and d dick bove. first let's hear f

i'm alison kosik in new york. >> the u.s.s are pointing to a higher open, the nasdaq composite futures rising the most up by nearly 0.75. >>> as a new deadline approaches for greece we'll have the latest on the efforts to stabilize the european economies and also we'll see how the nervous markets are reacting to that, just ahead on "world business today." [ female announcer ] the healing power of touch can be even more powerful, with precise pain relieving cream. it blocks pain signals fast for relief precisely where you need it most. precise. only from the makers of tylenol. >>> stunning shot there of hong kong's victoria harbor. i never tire of looking at it. looking pretty foggy on the horizon, the clouds are low, represents how we feel about the markets this session, a cautious trade. a warm welcome back to "world business today." we're live from hong kong as you're able to see and lon con. nina? >>> market tensions are riding high at the moment as investors wonder if europe's debt crisis will worsen. that prospect will b

alison kosik is with the bad news. alison? >> reporter: good morning. you can put it lightly i guess like this. you know, wall street was really stunned by this number. we saw immediate reaction on wall street. futures fell 100 points and fallen a bit lower than that even after hearing hiring slow to do a near standstill last month with the economy gaining only 18,000 positions in june. we expected 125,000. guess how many we need? we need 150 to 200,000 positions just to keep up with population growth. so this came in even weaker than may which may was a shocker in itself. if you remember that. adding insult to injury, even that number in may was revised lower. remember may? initially we heard only 54,000 jobs added to the economy and now that was revised lower to 25,000. even more bad news. unemployment rate ticked up to 9.2%. hard to find anything redeeming in this report. >> what does it mean for us going forward? you have to wonder. >> reporter: i tell you what, this report calls into question a rebound at the end of the year that so many people hav

alison kosik is at the new york stock exchange with a market update. >> reporter: yeah, you said it. here. mixed is good compared to what we've seen the past few days, after yesterday's 150 point drop on the dow. we have the dow higher by 18 now, the nasdaq off by six. looks like that selloff yesterday turned into a bit of a buying opportunity, but you know what, the concerns are still there. take your pick. we have the lousy jobs numbers, other weak u.s. data, the worries over greece and italy defaulting on their debt, and then of course, the worries that the u.s. will default if its debt limit isn't raised soon. treasury secretary tim geithner coming out today, saying he wants a deal by next week so that also helping to give the market a bit of a boost. earnings season also kicked off with aluminum maker alcoa yesterday not giving much excitement to the market. wall street is looking at a report from the federal reserve that may give more clues to how the economic recovery is going. suzanne? >> thank you. chronologically i'm sixty years old. is it the new forty, i don't know. i pro

alison kosik is always at the new york stock exchange.the dow was down 198 points. how is that looking today? >> we lost another 62 points today on the dow. you know what? investors remain anxious about what's going to happen here. most are thinking a debt deal can go through, xw you they're not as confident as they were a week ago. you can see that in the volatile action in the market this week. economists are saying some damage has already been done, that uncertainty over where negotiations will wind up is having a negative effect on businesses other economists say the nation's growth has already been reduced a bit. if this debate goes on, it could get much, much worse with some economists saying it could send up into another recession if this drags on. >> speaking of the de, you are looking at live debate on the house of representatives. they're debating, then will go to vote on this boehner bill, the debt bill. >>> topic number two, ms. kosik. for ladies, it's still lonely at the top. there's a dearth of female executives. what are so

first, alison kosik. >> hi, fredricka.m last year but the report comes with a warning. the decline is because many banks are delaying them to next year. there are one million homes in this situation and the housing market will not recover until the current threat of foreclosures are brought to a management level. felicia? >> thanks, alison. >>> anheuser-busch has filed applications to trademark the signature area codes of 15 u.s. cities. the area codes span the country from philadelphia, miami, and san diego. the move follows a success of chicago-based goose islands 313 urbanly ale. it was named after its city. it's the number two selling beer there in 2009. poppy? >> thanks so much, felicia. a long awaited dog agency opens its doors. the consumer protection bureau will make sure banks are abiding by laws and the new sheriff in washington is without an actual sheriff. the white house has yet to appoint an officer. the white house has yet to make an official appointment. fred? >> thanks so much, ladies. it appears that eliz

alison kosik, thanks so much. >>> so what do you think?uld president obama focus all his time on the debt talks, or should he break away and head to cheer on the u.s. women's soccer team as they fight for that world cup championship? as you can imagine, our political buzz panel will weigh in on this. at liberty mutual, we know how much you count on your car and how much the people in your life count on you. that's why we offer accident forgiveness, man: good job. where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life. so get the insurance responsible drivers like you deserve. looks really good. call us at... or visit your local liberty mutual office, where an agent can help you find the

alison kosik has the details on the latest job numbers. >> hi, susan.ort stunned wall street this past week. a mere 18,000 jobs were created last month. wall street expected up to 125,000. the report was filled with other negative signs. the unemployment rate rose to 9.2%. average hourly earnings dropped and so did arch work week which means people with jobs are working fewer hours and making less money. breaking unemployment down by race, african-americans are having the hardest time with a 16% jobless rate. the rate for hispanics is in the double digits as well. poppy? >>> thanks so much, alison. second quarter earnings season kicks off next week with alcoa, jp morgan, citi, chase and google reporting numbers. nearly 70% of the companies in s&p 500 posted earnings that beat estimates. the big question really is when are these companies going to use some of the cash to hire more workers. for the economic calendar, we'll get the minutes from the feds last meeting, policy viewers downgraded their view of the economy at that meeting and this will give us

first, alison kosik details the latest numbers for you. >> hi, susan.he june jobs reports stunned wall street this past week. a mere 18,000 jobs were created last month. wall street expected up to 125,000. the report was filled with other negative signs. the unemployment rate rose to 9.2%. afternoon hourly earnings dropped and so did the average workweek which means people with jobs are working fewer hours and making less money. breaking unemployment down by race. african-americans are having the hardest time with a 16% jobless rate. rate for hispanics is in the double digits as well. poppy? >> thanks so much. second quarter earning season kicks off next week with alcoa, google, reporting numbers. 70% of numbers in s&p 500 posted earnings that beat estimates. we're looking for that to continue. it's whether these company are i don't guess to use the cash to hire for more workers. policy makers downgraded their view of the economy at that meeting and this is going to give us a lot more insight as to why. also ahead, reports on inflation, retail sales and

alison kosik joins us. the dow is up 54, and the nasdaq higher by ten.port of expected layoffs. there was a report that came out that said planned job cuts rose in june because mostly of job government cuts, and then the service sector makes up 87% of the jobs in our economy, like retail and health care and wall street is looking past that report and really waiting for the big government jobs report for june coming out on friday. the expectation is that the economy in june added 120,000 jobs. if it did, that would be a good step forward after the dismal report that we got in may showing the economy only added 54,000 jobs. wall street buying into the market as they wait for the big jobs report on friday. suzanne? >> thank you, alison. >>> as the final shuttle mission prepares to launch from florida's space center this week, john zarrella sits down with one of the widows. (screams) when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investmen

. >>> back now with alison kosik.fixes you can make to boost your car's value before you sell. >> yeah, it's worth it to make the minor repairs. it could increase the selling price by as much as $2,000. what kind of fixes should you make? first experts say there are no warning lights flashing on the dashboard. if you are low on windshield washer fluid, fill it up, or if your check engine light is on, have that checked out. headlights and taillights, if they are burned out replace them. and then small scratches and parking dingz can be fixed without spending a bunch of money. >> alison, stick around. you might want to see this one. this story involving justin timberlake. he agreed to serve his country by taking somebody on the date. >> i want you to take me to the ball in washington, d.c. >> calling out timberlake after he urged kunis, his costar to go on a date. >> here is timberlake's response. i don't get asked out, ever. so i was very flattered by that, and i hear that she is trained in martial arts, so i am hoping

. >>> we're back with alison kosik talking about landing a good job.'s important, and a lot of people make mistakes when they write cover letters. what can they do to avoid that? >> well, just remember what a bad cover letter is. it's painfully long is a bad cover letter. they will not spend time on one person when they are shifting through so many applications. put in your letter personal and interesting information without going on and on. and make yours original and standout. and then another common mistake is to put the same information on your cover letter as your resu resume. >> if you know somebody, should you drop your name in the cover letter, is that a good idea? >> sure, may as well pull all the punches you can. >> appreciate it. >>> rodney king busted again for allegedly drunk driving 20 years after the infamous police beating. last time. [ engine turns over ] oooohhhh...sweet. [ male announcer ] the chevy cruze with the my chevrolet app. the remote control car is finally here. well, now she's just playing with us. oh. [ horn honks ] somewh

alison kosik is at the new york stock exchange with details on this. alison, what kinds of steps are these companies taking? >> well, financial companies, fredricka, they're keeping an eye on the bond market. they're watching the bond market very closely. they're preparing for a loss of confidence. treasuries are a type of investment. they're u.s. bonds. they're a gold standard. they're aaa rated. they come with low risk. it's always been a sure bet you're going to get your investment back and get paid interest. but if the government defaults, investors could head for the door and interest rates could soar. so companies, they're preparing by trying to calm nerves ahead of time. for one, you look at mutual funds. talking about retirement funds and pensions. they're working to persuade their boards to hold on to bonds, thinking everything is going to be worked through. that's what they're telling them. they believe a default at this point is unlikely. they still think the government debt -- that government debt is a good investment. now, we've also got th

. >>> we're back with alison kosik. what about when you come to your kids? the camp counselors? the sports instructors? >> you do. if your kids are at summer camp, the experts at "real simple" say, if you can give up to $10 a week in gratuity, but some camps have rules against tipping, so check first. if nothing else, a nice thank-you note will do. as far as the swimming and tennis instructors, you're not expected to tip. you're already paying them, right? >> i'm going to pick up my niece in a couple weeks, so good advice. >> tip those counselors. >> i will. >>> we're going to take a quick break. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure high prot

alison kosik joins me from the new york exchange.of this can we blame on the debt ceiling negotiations? >> the fact is the debt ceiling is a big concern on wall street. the markets fell before the president spoke. we got debt problems all around the world. here in the u.s. we have congressional leaders negotiating on a debt ceiling, and wall street is betting a deal will be done in time. the problem for the markets is the longer it's pushed off the more nervous the investors are getting, but problems in other places like europe are getting worse, and the focus is on italy, and it may default on its debt. and then italy is more important. it's much bigger economy than greece. they may not have the right mix of cash and debt to survive a new financial crisis. bottom line with this, the u.s. debt problems, they are part of the story as to what is happening with the financial markets today. >> where do we go from here is the question? do we expect the market to keep dropping as the negotiations drag on, which they seem to be doing? >> th

let's start with alison kosik at the new york stock exchange.ve pay clause back. >> this comes out of the dodd/frank legislation, it allows the s.e.c. to collection back pay from executives as what it sees as substantial irresponsible. lawmakers have been trying to rein in executive pay after they blamed it -- blamed this incentive-based compensation on inspiring more risk taking at huge basics, banks called too big to fail. ed? e.d.? >> i heard there could be help for homeowners. >> the government will give you a break, breathing room until you find a job, so you would be eligible -- you could be eligible if you have an fha or mha loan, those are the modification lorenz that the they had offered after the recession. those loans gave mortgage relief for four months. what's changing now, what was announced is that it's going to be extended, actually, to 12 months. this is known as forbearance. it's an agreement that the lender and the borrower, you and the bank come to. the gold is to avoid foreclosure. whatever that agreement is will vary depend

thank you so much, alison kosik.and then we will get reaction from a former air force major who was out and then ousted from the service. >>> the process of allowing gays to serve openly in the military sec is that corrected to take a major step forward today. they certifying the repeal of the don't ask don't tell policy that will not harm military readiness. after that certification, there will be a 60-day waiting period before the policy is finally repealed. president clinton signed it into law in 1993, and in october of 2004, the gay activist group, the log cabin republicans sued to challenge the policy, and six years later, a federal judge ruled it was unconstitutional. in december, congress voted to repeal don't ask don't tell. so while the ban on gays in the military is ending the policy, it already cut short a lot of promising careers. one man was a major in the air force and served for 13 years, and he was forced out of the military when somebody got access to his private e-mails and revealed he was gay. >> t

alison kosik at the "the new york times" wi-- at the new yor stock exchange. >> you can't it to kicknd not the option at fast food places but now the way to lure you you in is what better way than to have zoo? would will sell beer and wine at their stores and three draft beers, 25 bottled ones and ten different wines. the thing here it's not served to people who eat in their cars, though. burger king already offers alcohol at specialty whopper bar locations. chipolte sells beer and so does starbucks in four of its shop. starbucks is double fisted. a little coffee, a little beer, you're set to go for the morning. >> bad economy is the justification for drinking booze? >> reporter: yeah. it could be part of it. sometimes it's hard for these fast food places to compete with applebee's and friday's where you can have an affordable meal and a drink with it. some experts say offering beer and wine could boost slow evening business. all this doesn't come without its critics. some worried about people having this quick meal and a drink and then getting behind a wheel. others worry it sends t

alison kosik joins us from new york. how much are we actually talking about here?this a big number? >> reporter: it is a big number. we have saved $18 trillion for retirement, trillion with a "t." this all counts iras, 401(k)s and pension plans. this has been in the works for a couple years. retirement savings have actually been growing since 2009 after our savings were really hit hard during the recession. everybody wants to know what's changed, why are retirement accounts growing. for one, we are benefiting from a stronger stock market. we have learned some lessons from the recession as well. we kind of got scared into saving after we were -- after we saw our nest eggs take a hit during the recession. also, the sad reality, people are delaying retirement and using the extra years in the work force to build up their nest eggs that once again took a hit during the recession. >> if retirement savings are near record high, are we basically set, are americans learning do they have enough money now set aside? >> reporter: you can never have enough money. there's always

alison kosik is at the new york exchange. how much are we talking about here?> 16% more, but only for some members. take a look. before these prices went up, it was $9.99 a month for dvd's by mail. now, both services are going to cost this. you have to buy each service separately. if you want stream, it's $7.99, and if you want a dvd by mail, you have to pay $7.99 for that way. the new pricing will begin. it starts now for new customers, and if you are currently a netflix customer, the new pricing kicks in on september 1st. >> why the increase? probably a lot of people are curious about that. >> streaming is growing more and more popular, and internet connections are getting faster and faster. it's becoming more enjoyable. but the thing is it's expensetive for netflix, because they have to get the rights to stream the movies, and for netflix it costs hundreds of millions of dollars, and it has to make up the money and is going right to the customers to do that, randi. >> thank you. >>> explosions leave at least 20 dead in mumbai, india. we will have the details

alison kosik is joining me now. they always find a new and creative way to get more money out of us. >> you took the words out of my mouth. it doesn't mean any fees for you, and instead some of the biggest banks and some of the credit card issuers will sell your stuff to retailers. banks are trying to find new ways to make money. what the bank does is it atracks what your shopping habits are, and what you buy and where you shop, and then send that information to companies, and let's say you go to nordstrom's and buy shoes, you may get a coupon for shoes at rivalry tailers. when you use that coupon, the retailer pays the bank a fee. it opens up a huge possibility for banks. they could take in $1.7 billion a year, t. j. >> a lot of the banks? >> wells fargo, citi, sovereign bank and visa. one bank that has 5 million credit card holders will be involved in it, and you can opt out. and these banks, they are looking for new ways to make money, and this is a great way for them to make money. >> we heard that phone compani

alison kosik at the new york stock exchange.'s talk more about what this me means. >> it officially opens its door this is thursday. yes, it's supposed to protect you, the consumer, and a big part of the job is going to be inspecting the books of financial firms to avoid a repeat of all those excesses that we saw that led to the financial meltdown. the largest banks account for 65% of home mortgages and they want to make sure that those are in check. the bureau will also be looking to end those so-called liar loans by crafting rules that banned lenders from giving mortgages. also makes sure that banks require a lot more disclosure and the bureau can also respond to consumer complaints on things like credit card abuse. essentially giving consumers a stronger voice. what it's really meant to do, kyra, is bridge that gap between us, the people, and them, the banks. kyra? >> it's supposed to be all about transparency when it comes to this group. >> oh, it is, because when you think about it one of the big problems during the recessi

let me bring in alison kosik. that was yesterday.nt story. >> what a difference a day makes. yeah. how big of a difference are we talking about here? >> a big difference. >> fed chief ben bernanke was back on capitol hill for day 2. he sounded a more cautious tone. he said today that the fed is not prepared at this point to do anything, so traders called it back pedaling from what appeared to be a more aggressive stance yesterday. we saw stocks pop on that news yesterday, but the reamity check put stocks in the negative column today. t.j.? >> all right. let's turn to minnesota. we know some 20,000 employees, government employees have been affected by this government shut down. services have been cut to places that take care of the homeless and children, but the thing that might get a deal done is when the shutdown impacts people who like their beer. explain. >> yeah. go figure. if you want a cold one in minnesota, you'll have fewer choices. 39 brands are being pulled from every store, every restaurant, every bar in minnesota. i'm tal

. >>> alison kosik is joining us from the new york stock exchange where she is watching a high ipo someus drink in the morning. dunkin doughnuts coffee is going public now. >> this is a hot one and could wind up heating the coffee wars. analysts say this is one of the most anticipated ipo of the years. dunkin' donuts and baskins-robbins make debut at 19 a share and higher than expected and raise more than $400 million for dunkin' donuts. the question we ask what do they do with the money? it looks like dunkin' will reduce big debt load and expand. they are big in the northeast. here in new york it seems like a dunkin' donuts every few blocks. but the thing it doesn't have much of a presence out west. the company makes more money from coffee than doughnuts actually. analysts say the price wars could heat up because dunkin' is expanding more into mcdonald's territory. the question is will established mcdonald's, starbucks or pete's coffee fans make the switch to dunkin'? i don't know about switching brands. i'm a loyal coffee drinker. >> i agree. you even see the coffee in the grocery sto