why the movie industry is seducing aging baby boomers. all of that and more on "nightly business report" for tuesday april 23rd. good evening, everyone. tyler, what a day. a lot of drama, a lot of suspensisu spen suspense. there was that surprising sell-off on wall street and the apple earnings after the market closed and. >> and yet when all was said and done the markets gaining for the third straight day, despite a mid-session sell-off on a fake tweet that spooked already jittery traders, but the big story right now is apple's second-quarter earnings and the news was mostly good. apple beat on the top and bottom lines on strong sales of the iphone and the ipad tablet. it's increasing a stock buyback program by a staggering $50 billion, spending some of its sh hrd and it's beg. >>ing up its dividend 15%, but apple did lower its guidance for the current quarter and that disappointed wall street just a touch. seema modi on where the stock is after hours. >> apple beating street expectations, and the second-quarter revenue coming in at $43.

on gun control 9% more liberal than boomers. 13% more than boomers on illegal immigration. howard mentioned expanding role of government 10% more than boomers. i may be a liberal but i'm not big on big government. the younger crowd even younger than you are saying i like them. >> they are. they're favorable toward big government. i was interviewing david bernsteen. he talked about the embrace of government. but there's also a very interesting skeptism. this is a group that saw the mistakes that we and your generation made with money. financial responsibility. so they're not buying homes. they're renting a lot longer. they're not buying cars. they're waiting to get married. and their starting their own businesses because they seen the inaction, the dysfunction of washington in solving their problems. >> starting real business -- they're not counting on getting a job. >> they're very, very entrepreneurial. >> their one water-gate away from being skeptical of government. what the my len y'alls have not lived through is a major disaster. and also, you know, look, government mea

>> i did, and it's with a fellow boomer.ou were young -- were they bouncer not boomer? >> i mostly dated boomers, you didn't have to explain that mccartney was just a solo act. >> i imagine it makes them feel more youthful. >> absolutely. i think when you get out there and date and you're a man, i think there's a rumor that men only want to date younger women, and that scares women. it's not true. >> as you evolved as a human being, has your thought process evolved as well? not just looks or firm bodies? have you learned something, ken? >> absolutely. absolutely. >> because he's adorable. >> actually the woman i'm in a relationship now with is my very best friend, something i don't think i enjoyed in the past, so picking somebody who is also a friend, it's about trust. >> camaraderie. >> wasn't it intriguing to date a younger woman. when you look at pictures, they look just thrilled to be standing next to that girl? >> no, really i didn't go there. i had one date with a younger woman, but that was it. it was too uncomfortabl

. >>> still ahead, folks, why hollywood is falling in love with aging baby boomers. but first a look at how commodities, treasurys and currencies fared today. ♪ ♪ ♪ >> have you seen any good movies lately if if you're a baby boomer you might be heading to the cineplex more often. the motion picture of america shows more older americans are going to the movies more often than any other age group. as we told you yesterday, with younger people streaming more content through netflix or watching films on their tablets and smartphones, hollywood is now aiming right where the big money is, making movies geared toward the people who still like to watch them on the silver screen. julia boorstin has the story. >> while summer action flicks may target teenage fan boy, what is old is new again in hollywood. studios are increasingly targeting the 50 and older crowd with the r-rated romantic comedy "the big wedding" with four a-list baby boomer stars, robert deniro, susan sarandon, diane keaton and robin williams. >> i feel so used. >> this weekend's "big wedding" is debuting agai

. >> i am anticipating that as a baby boomer that will be here as soon and i don't know if avalos is on that cusp but there are two of us on this eleven member board, but thank you. >> i have always wanted to be a baby boomer. >> okay. colleagues any other comments or questions? >> we would like to thank you for your presentation, and thank you for being here, and thank you for your great work on this. this has been, abag for a couple of years and a lot of work and a lot of effort involved both of the agencies bringing this together and still a ways to go but thank you for all of your efforts. >> okay. >> this is an information item. colleagues, so we can go on to our next item. >> public comment? >> public comment on this item. very sorry. >> any member of the public that would like to comment, please come forward. >> give me one second. it is a bit slow. >> give him one second there is a bit of a lag. >> will you mind using the other mic? i am having difficult. >> thank you my apologies. >> and 140. and could you reset the time? >> yes. the pot holes and it is just, it is hard to u

i am actually a baby boomer, at the edge of the baby boomer, and i know that baby boomer era. there's this huge boom in a population of seniors in our city that will grow. i think by 2020, 60% of the population will be seniors, and i think some people are now defining 60 and over, but i think generally, people looking at 65 and over. that is a huge population. i'm trying to look at issues of senior nutrition programs, alzheimer's research, but even housing policies that allow our buildings to become more senior- friendly. i guess we are calling it developing an aging-friendly city. we are also looking at how to support senior services and unique neighborhood by neighborhood programs called aging in place or village models that allow people who are older or seniors getting older to be able to support each other and to stay in their homes and communities longer so they can be contributed to the community as long as possible as opposed to institutionalizing them, which costs quite a bit more. so i'm looking with senior group's ideas of how to create more aging in place programs n

we have 1.2 million boomers enrolled in a medicare products. the majority of experience life and her employer and individual business, those today purchasing health care is an individual or through their employer. younger medicare eligible consumers demand more customization and access to products and information that give them more control over their own health care. we expect this is the beginning of a broader trend. boomers who once backed and demand more from health care plans. the boomer beneficiary will not hesitate to do several of the plan is not meeting their needs. we see consumer preferences having a positive impact on driving competition and innovation. we're well positioned and ready for the shift in health care. we no boomers are expecting to the blogger than their parent and study showed that will live longer than their parents. to do so, they need to manage their own health. this expectation runs contrary to the reality for aging boomers. most of whom will live with at least one chronic condition as we age. that leads me to my s

after waiting out the housing crash, baby boomers are on the move again.on may have changed their direction. >> they also don't want to risk homeownership in the burbs again where property values fell. >> housing is not as secure as anybody thought it was or as it used to be. the urban condos have recovered faster. >> developers are responding, rushing to put up condos and apartments in high density areas. they are creating new urban cores where retailers are restaurants are rushing in as well. >> the drivers are demographics. they drive us towards locations where we're going. >> another reason baby boomers are going to the cities is to be closer to their grown children. boomers like their children and have better relationships with them than they did with their own parents. back to you guys. >> thank you very much. it has been a rough year for the cruise line business, particularly carnival cruise lines. first it was the capsized carnival concordia. then it was the fire that crippled the triumph in the gulf of mexico. there have been a lot of problems. >>

at the core boomer's our shoppers. the dynamics of their use and working years put them in the sophisticated buyer so rather than sticking with tried and true there were likely to switch products if they don't find one that fits there needs. this level of sophistication in their shopping habits spills over to health care. we fully expect them to use those habits to choose benefits. they will have high expectations for personalize health care a one-size-fits-all approach is unlikely to satisfy. at united health group we spent the last several years preparing our medicare organization with a shift in we already see the change. we have 1.2 million boomers birth dates 1946 the 48 enrolled in our medical care products. the majority of our experience lies with the employer individual business within the work force purchasing health care as an individual or through their employer. younker medicare eligible are demanding more customization and accessed through information that gives them more control over their own health care

i think baby boomers are over. plenty of them have tried marijuana or they are using now.ion, i just don't think taxpayers want to spend money prosecuting marijuana, whether we spend money keeping these people in jail or whether we just have to put them through the court system for a misdemeanor. i don't want my tax money on that. there are other places i want my tax money spent. >> bill: okay. so you both say that the demographic change that baby boomers now and their children because they have been inculcated by the baby boomer mentality has overridden the traditional americans who are dying out and drug prohibitions of the 50s and 60's before the vietnam thing. that makes kind of sense to me. but i feel that the legalization of marijuana then adds another intox can't to the marketplace. sends a message to children that it's fine to get stoned. as you both know and i don't think you would disagree with me. child gets involved with substance, be it alcohol, marijuana, any other drug, that's the end of their child, they are gone. and the unintended consequences just ripple

folks, 10,000 baby boomers a day are retire get nothing medicare. 10,000 a day. aging 50s findings out they can get free druggings that. will cost a lot of money. we'll take questions when we >> in the few minutes we have left we'll go to the questions. the first one from the studio audience. tell us your name and question, please. >> sonny from new york. is there a provision in obama care that limit the number of visits that i can see my doctor in a year? >> mike: is there? >> no, in a way that is a problem. i am not saying there should be something to limit them. but if you see your doctor for whatever problem youment my office gets so clogged. they are paying me less to see you. i can't take care of you. >> mike: the next one. >> james from new jersey. do you think that governor christy made the right decision for allowing them to operate the exchange. >> here's what is happening with the state. attorney general abbot said it well. if you get in, you can't get out. our states that say no we'll not do a state exchange are saying in three or five or 10 years we

our average on adult and aging services and said in the next 10 years onslaught of our baby boomers like me and many others that is going to be turning 60 in 10 years. have you seen anyone that is come to your office before -- that's 60 -- before the 10 year mark or not? or really can you go into detail about the age that is instructed to use your services? >> yeah. 19% of the folks that we serve are 55 plus and then a subset of those are 62 plus. i think the demographics of the hiv epidemic show this incredibly bulge of people reaching that age and wofn the factors and especially the folks that are long-term disability by the employers and when they hit retirement age they lose that income and this is income that kept people in their houses and at 62 it's gone over night, but they can't -- so i lose the income that keeps them in the homes but they can't apply for senior housing yet and we have the huge gap and where we need to organize around funding for permanent -- it has to be permanent housing subsidies for lgbt folks, for seniors to keep them in their homes or provide us with the a

she's my boomer hottie.and i have simon schuster. >> you had simon schuster -- >> this was a self-published book that simon and schuster picked up. >> it was a book that nobody wanted. they said nobody is going to want to read about people over 60 having sex, having hopes and dreams? >> there was some interest in it, it seems. >> very much so. very much so. i mean not playing bingo and not defining yourself by age? that's the whole thing. >> you write with such humor and honesty. you're writing about a lot of the experiences you've had. >> tell us about the protagonist in this book. >> anna applebalm is 65, refuses to be defined by age. she is not age-appropriate. she breaks all the rules. she wants sex, love, career, money, rock and roll. she wants it all. >> she has a daughter. she has a daughter in the book who tells her what to do and she's 40. you know what i mean, that kind of thing? >> and she has girlfriend who is trying to tell her everything. >> her boomer girlfriends over 60 and their things with

because the baby boomers are retiring. seniors are consuming more and more of the federal budget and the president's trying to say we need to spend a little bit less on that and little bit more for education, job training, through ways that makes the economy grow. the question is can he get republicans to go with him on that? >> democrats very angry about this idea of shrinking the cost of living adjustment, the chain c.p.i. that we're going to hear over and other again. what was the critic on that? why don't they like it? >> it means lower social security benefits for a lot of people and there are mr. democrats who believe as ideology that seniors in society are doing well enough and we shouldn't squeeze them more. as an alternative to that let's get more money from people at the top. there are questions whether the new inflation formula is the appropriate or not. the argument for chain c.p.i. is we're overestimating inflation. the people for this say it's a technical adjustments that makes more accurate. whether it's a b

we have the baby boomers moving into retirement age.for this month, we did some digging. we found a lot of the client. a lot of it was a new employment. it may simply be due to the timing of the spring break, if you believe that. there may be some noise that distorted the numbers. cheryl: we did the january and february revised higher. nicole: absolutely. they did talk about the birth rate versus the baby boomers retiring. we know there will be revisions always. allen takes these numbers with a grain of salt. one had died after another can really be a market moving event. you are making new lows for leiber participation rate. cheryl: michelle. >> looking through the month to month noise, the first quarter arab, it is a lot different. the biggest take away is more of the same for employment. it may not be as weak as the march numbers up. it is not as strong as we were maybe hoping. cheryl: thank you very much. dennis: bigness in the jobs number rattling traders. james, ahead of the number, you set the idea of a labor market disaster begi

and every day boomers' sign up for medicare. this number is equivalent to adding the current combined population to the medicare program. hospital's doctors and nursers -- nurses will be under increasing pressure to take care of everyone. are we ready for it? >> medicare pays for residency training, almost all of it and the cost of the second, a teaching position salaries and other expenses. and with pressure on the federal that under the budget microscope the training is funded by nine point* $5 million funding for medicare, a five point* 8 million for medicaid as a combination of state and federal money and is being closely scrutinized. i would like to do three things this morning identify where the money goes and how would is being used in to discuss the impact and would a means for patients in to make the case for limits on medicare spending to sustain for current and future generations. for those of you your young people count on medicare to ensure that it is therefore you. where does medicare's money come from and how was

and one of them baby boomers.g up in terms of how much we promised to do. we don't know how many people will be at that age before. it scares me that could suck everything out, that it could -- >> it does. but too often -- >> it doesn't work? >> well, it works. for health care, financial services, income generation and all those things. too many people, it's almost as if when the last baby boomer retires or dies that's it. we have to remember that they have not been burned by double bubbles. xys and mill lessenals. >> like andrew and you. >> it's a hefty chunk of folks. they tend to be more entrepreneurial. a big percentage of them are the ones that are founding new companies. again, they have not been burned by 401(k)s. they are investing earlier on a somewhat automatic basis. i'm not suggesting the psyche is there to replace the boomers. but there is static analysis of the boomers. >> and this whole demographic thing, there's a lot of myths that run around this. when you look at the size of the u.s. working age

but amongst baby boomers, the number rises to 38%. still higher for the middle aged generation x at about 49%. now look at the millennials. those born in 1981 or later. 70% support gay marriage. some other polls put that number even higher rising to 80%. millennials are an important constituency, representing about a fifth of this country's voting age generation. they will be around longer than anyone else, you want them on your side. their voting patterns are actually striking. if you break down voters' party choices by their age group, here's what you find. the oldest generation breaks republican 48 to 44%. the baby boomers break democratic by about the same margin. the generation after that generation x is slightly democratic by 47 to 45%. the millennials, however, are off the charts. they are democratic by 62% to 32% in 2008 and 55 to 36% in 2012. this is a stunning gap. now, some explain this by citing a common myth, when you're young, you're liberal. the older you get, the more conservative you beam. become. but it turns out the

also more than half of boomers are now favoring legalizing marijuana.ht now here is the state of pot in the united states. 18 different states plus the district of columbia have chosen to legalize pot for medical states. two of those states, colorado and washington, have approved it for recreational use as well. joining us on the legalization of pot and if it will make any difference at all, our cnn analyst, and from the drug policy alliance. mr. nadeleman, let me begin with you. we've seen this before where generations of people change and attitudes change and then laws follow shortly thereafter. they change. do you expect that will be the case here? >> well, it's definitely going to be the case, ashleigh. back in the late '70s people thought we were on the verge of decriminalization of marijuana. but then nearly a third of americans were in favor. now you're seeing this pew poll, gallup polls consistently showing a small majority of americans in favor. so what happened in washington and colorado during the last election is going to happen in other sta

the wave of baby boomers who are retiring. >> on "katie" you just saw "general hospital" 50th anniversaryse at 4 new program dealing with defendants who are all veterans at court and it is making a difference. at 5:00, the newest chapter in the storybook-like little door in golden gate bridge, san francisco park and rec explain why it needs to come off -- again. >> a late night shakeup has everyone talking even judgment my kimmel. >> i will talk over as new host of the tonight show on nbc. i spoke to jay on the phone and he -- excuse me one second -- okay, it is a different jimmy that is going to be hosting the "tonight show." >> he sounds so disappointed. he was talking about the announcement that jimmy fallon will take over for jay leno. >> he airs weeknights at 11:35 at the new time following use 7 at 11 and right after that, "nightline." that does it for us. before we go, you asked for it and the exclusive app is available for the droid phone or tablet and the kindle fire. the free alarm clock app is available if you have an iphone, as well. thanks for joining us. [dramatic music]♪ >>

what we learn every day from the baby boomers that we work with has to do with us. >> by the way, het turned 50 years old. liz: so did our host charlie gasparino. [laughter] liz: you don't look what you're that old and you don't have to. [laughter] >> what we do every day with baby boomers that we work with, we cannot handle another 2008 year. that is vital. liz: multinationals, how much cash? >> it depends on the investor and what their income needs are. but it should be perfectly appropriated right now. >> here's the problem. the investment decisions are based upon when people think they will retire. liz: i'm never retiring come it seems. >> we will be living in retirement as long as we're living in the work force. you have to make your money last. stocks and dividend paying companies, emerging markets for equity and debt. you can have both. you can have a conservative portfolio. liz: the both of you work. can anyone tell the difference between you two? [laughter] >> i love stocks. >> i do too. liz: it is so great to have you both. a lot of fun. wonderful to have you. okay, david a

what is your overall opinion on baby boomers? >> guest: i think it was an incredibly and is an incredibly important generation. much as what is going on today in america could be impossible without the civil rights movement, they played a leading role in moving forward, and changing the way that we view citizen involvement and government and the way that we think about our elected officials and the ability to create upstart movements. the beginning of the women's movement. all of that rate activism that they produce. we are seeing that directly at play today. whether it is the election of barack obama or the continuation of this in congress. but there is a lot of things left undone. we now spend three force of our entitlement money on people who are or over the age of 30. it used to be people under the age of 30 in terms of the amount of money and investment. i think that we need to have a conversation about how we are dividing our priorities. this is not a generation that expects those entitlements. >> host: okay so what we talk

the problem is, 10,000 baby boomers every day turn 65.hey have paid be collectively for every dollar they put into medicare they're going to take out $3. we know that, it's a fact and even president obama talked about this week. if you're going to try to stop the health care problem and you were to do it by these, sort of various cuts in medicare, they have nothing to do with the fact that you're-- it's demographics, there are ways to address this, but we came up with the idea, 2700 pages and now we're going to demonize the republicans and don't want to bankrupt the state, come on. >> tracy: medicare and medicaid are never ever touched and talked about and this affordable health care act is not so affordable anymore. >> well, it hasn't been fully implemented yet, but we really don't know what it's going to cost. >> that's part of the problem. but i will tell you this. >> for sure. >> and if you care about all of these nickel and dime revisions to projections that nobody believed in in the first place, you should join me in supporting pa p

baby boomers are getting older. the exact same thing with disability.t sicker at 55 than at 25. so we get a lot more disability applications. >> do you believe that there is no waste in the system? what percentage of applications are mistakes or waste or fraud or abuse? what percentage. >> look, you can't have $150 billion program whereat the end of the day, a lot of cases require judgment. mental disabilities, pain, you know, you can't run a blood test. you can't run a genetic test. there is some degree of fraud in the program. absolutely. no one -- i mean, senate committee tried for five years to try to show that there was massive fraud and they couldn't do it. and they ended up distorting our own internal quality statistics. on, you know, the quality of the paperwork. instead of being able to show that there was broad fraud. it is under 1% of the cases and no one's ever been able to show that it is anything different. >> rebecca, you work on the front lines with folks trying to get disability. i would like it hear what your experience has been about

every day 10,000 boomers sign up for medicare, and 33 million more people will be on medicare by 2030. this number is equivalent to adding the current combined populations of austria, hong kong, israel and switzerland to the medicare program. hospitals, doctors, nurses and the entire delivery system are and will be under increasing pressure to take care of everyone, and are we ready for it. medicare pays for residency training, pays for almost all of it. it pays the cost of your sty pends, it pays for teaching physicians' salaries and other expenses. and with pressure on the federal debt, graduate medical education is certainly under the budget microscope like many other things. your residency training is fued by $9.5 million in funding from medicare, that's a combination of state and federal money, and once again it's being closely scrutinized. i'd like to do three things this morning; identify where the money from medicare goes andow it's being used, second, discuss the impact of the incentives in the program and what it means for patients and their physicians meaning many of you, a

. >> baby boomer business owner workshops, and they're designed to help those who are non- technicalfeel overwhelmed by tech to do their jobs better online. >> reporter: cynthia mackey is capitalizing on the late bloomer self employment boom, self- employed herself, she knows the draw. >> you're not working for someone else and you get to take that value for your benefit, if i want to take my mom out for breakfast, i can schedule that and then work longer hours in the evening. so having control of my time or the ability to schedule things, that that's wonderful as you get older i think. >> reporter: but not everyone chooses self-employment. to many, the great recession offered few other options. >> on my 65th birthday my boss comes into my office and tells me i'm no longer needed and that was not the birthday present i expected. >> reporter: michael grottola was one of thirty senior level employees cut loose. the outplacement counselors advice? >> he said, mike, there are just so many thros d there's too many princes. that's the state of our economy in 2009. and he was in no way enco

. >> smith: and now, like millions of other baby boomers, i too don't have enough. >> the key to your retirement working out is having enough return on your assets. >> smith: most of my savings went to pay for my kids' educations. well, this is where fees would really hurt you badly as well. >> this is where fees would hurt you badly... >> smith: a divorce and the crash of 2008 didn't help either. it looks like my own personal fiscal cliff. i'm now planning to work for as long as i possibly can. this whole plan is predicated on working full-time until 70. >> yes. >> smith: and at 70? >> from age 70 to 75, i have you working part-time. >> smith: these days, many baby boomers are planning to delay their retirement. some may never stop working. it's hard. without knowing exactly how long you're going to live, it's difficult to guess how much you need to put away. >> most people seem to feel that at retirement, to be okay, you need ten or 12 times pay. and maybe 15. so if you make $100,000 a year, you need one and a half million to be okay. you need to save more, you need to start sooner.