felicia taylor has tips to help you score a great deal on that "must-have" gadgett ggddet.eeorter pkg-as follows -- whether it's a bbg screen t-v, a new tablet computer or the hottest new smart-phone, technology.and the experts at money magazine have some tips for getting your hhnds n the items you want without brraking the bank.first -- timing is everything! different items usually go on sale at differentttimes. flat-scceen t-v's for example... look for sales right before the super bowl. computers are discounted in late summer for the back-to-school shopping season. come out after the holidays. check out decide-dot-com -- that's a site that racks prices and can predicttwhen deals wiil o down.next --don't be afraid f buying a reffrbiihed model.unlike the items on craig's list or e-bay -- they come directly from the manufacturer, are certified, and have warranties.many ttmes, they''e just ew items that have been returned and haae been repackaged.also -- stick to the basics.features like larger storage options, flashier displays and multiple data orts can cost a lottmore -- s

felicia taylor is at the new york stock exchange.eporter: this is more symbolic than anything. chrysler moving up 60 wokkers from its auburn hills headquarters to detroit. auburn hills is 30 minutes outside of detroit and moving sales staff and people who work with local dealerships. an important move to detroit. they have about 17.8% unemployment. 17.8% unemployment. it's huge. almost double the national rate. the move also means more tax revenue for detroit and a sign of solidarity and sort of confidence and chrysler is saying we are here, we're established here. remember, chrysler never had offices in detroit, only manufacturing plants. so the official announcement is actually going on right now and just to mention where the markets opening, slightly lower but that was as to be expected. >> felicia taylor live at the new york stock exchange, thanks so much. >>> other stories we are watching right now in the newsroom. >>> escaped chinese dissident guangcheng is sheltered at the u.s. embassy in beijing. secretary of state hillary cl

felicia taylor is here with some tips to help you save on the big day. od morning, felicia. >> hey, carol, for some, getting married is very expensive. according to the knot.com, manhattan weddings are the most expensive with an average cost of $66,000. chicago, comes in second with $53,000. rounding out the top five, the new york metro area, new jersey, and rhode island. kara? >> i am glad i got married in toledo, ohio, where it was beautiful and cost effective. >> if you want to save money, where should you start trimming? >> i got married in new york and it was expensive. you made the right choice. the guest list is a good place to start. we had way too many people at our wedding. most venues charge by the head. think twice about inviting the third cousin you have never met or the aunt you haven't spoken to. couples invited on average 141 guests in 2010 and 2011, down from 149 in 2009. times is also key. hold the wedding on a friday or a sunday, instead of a saturday and you can save about 20% per person. when it comes to the food, slim down the menu.

i want to bring in felicia taylor.owing the announcement at the new york stock exchange. what, exactly, are we expecting to hear from apple? >> well, we could get a surprise, but not necessarily in a good way. we're used to seeing blowout earnings from apple. they have topped the charts in 19 out of the last 20 earnings seasons. it constantly beats expectations and sets records. so the bar is very high. last time apple had quarterly sales of nearly $47 billion. it was a record for the entire tech industry. this time, of course, wall street is worried that iphone sales might be slowing and here's why. it's pretty simple. at&t said its iphone sales fell 43% last quarter and verizon saw iphone sales fall 24%. we have growing competition from google's android phones and that's responsible for the slowdown. people are simply getting used to apple's schedule. for example, it frequently rolls out new products in the summer and people are holding out for an iphone 5 and we simply don't know yet. apple's stock is now down 2% to

it is felicia taylor who says good morning to fox 5 and the fox 5 family from the family of five.x 5 is what they say. everybody has a d in their name. >> i love that. >> we appreciate all that love and we need it. have a great day. 

i'm felicia taylor. restore strengthormulas for up to 90% less breakage in three washes. strong, healthy hair with life, new aveeno nourish+ strengthen. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. >>> let's take a look ahead at the big stories from the white house to wall street, our correspondents tell you what you need to know. we begin with president obama's plans for the week. >> i'm brianna keilar at the white house. on monday president obama addresses a very powerful construction union, the building and construction trades department. then welcomes prime minister noda of japan to the white house. tuesday and wednesday he has a light schedule with meetings, then he and the first lady host a cinco de mayo celebration and ends with more meetings at the white house. >>> i'm poppy harlow in new york. well, another packed week on wall street coming up. we'll get the latest manufacturing reading as well as auto sales and then on friday we'll get that much anticipated april

i'm felicia taylor. [ wind howling ] [ technician ] are you busy?anagement just sent over these new technical manuals. they need you to translate them into portuguese. by tomorrow. [ male announcer ] ducati knows it's better for xerox to manage their global publications. so they can focus on building amazing bikes. with xerox, you're ready for real business. >>> a look ahead at the big stories from the white house to wall street, our correspondents tell you what you need to know. we begin with president obama's plans for the week. >> i'm brianna keilar at the white house. on monday president obama addresses a very powerful construction union, the building and construction trades department and welcomes prime minister noda to the white house and they host a cinco de mayo celebration and more meetings at the white house. >>> i'm poppy harlow in new york. another packed week on wall street coming up. the latest manufacturing reading as well as auto sales and then on friday we'll get that much anticipated april jobs report. that comes out before the ope

felicia taylor is in for christine romans. the wunfortunately, it's t news, and we have a new poll that's just broken and come out this morning. it shows a very mixed feeling amongst everybody out there. 24 pr 24% say things are starting to recover. 42% say things have stabilized, which is surprising. stabilizing is a good thing, but still in a downturn, 32% of the population think things are not looking well. the reason for that is people are not able to find jobs. the expectation is that possibly we could see an 8% unemployment rate by the end of the year. but the reason for that is that, because people have stopped looking for jobs, so they're no longer counted. that's the real problem. there just isn't enough growth. we saw a 2.4% growth rate in the first quarter. what we're really looking for is at least 3%. that's what's going to prop up the housing market. that's what's going to make people feel better about spending, propel a recovery for months going forward. until we see a real growth in jobs, then we're not going to

i'm felicia taylor. [ horn honks ] hey, it's sandra -- from accounting. peter.usy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. standard keyless access, and standard leather-trimmed seats, then your choice is obvious. the lexus es. it's complete luxury in a class full of compromises. see your lexus dealer. ooo no. the hotel lost our reservation. nonsense! you book at travelocity, your reservation's guaranteed. well, i did not book with travelocity, okay?!? [ female announcer ] get the travelocity guarantee anywhere when you book with our new app. you'll never roam alone. >>> let's take a look ahead at the big stories from the white house to wall street, our correspondents tell you what you need to know. we

felicia taylor explains how the major retailer's new payment option w. works.make purchases easier for some peoplethe retailer now allows people to buy onlinn withhut usinn a credit or debbt card. insttad, you pay with cash. wal-mart says it's thh only major retailer to have this service. a shopper on wal- mart-doo-com can choose the "cash" optionnaa check-ouu.the cussomer will then receiveean order foom to take to any wal- mart store, and make he payment.most wal-marttshoppers pay with ccsh.many re low and bank services and credit cards. called "unbanked" and "underbanked," the f-d-i-c a quarter of all households n fall into this category. many rely onncash, pay-day lenders, pawn shops, and rrnt-to-own agreements..ut studies show do have access to the internee, so wal--art is tapping into that. the neww psrvice could also appeal to shoppers who are wary of using their credit cards to uy new york.-----enn----- cnn.script----- he's one brave kid! kid!"he ame in and yanked on it and i yanked back 3 how this 8-year-old assable to save his mother's purse proo a cco

coming up i want to bring in felicia taylor to talk about the economics of all of this. so, felicia, we know that this is going to have a big impact with families who have federal student loans. what is this going to mean for them? >> basically, it means that they are going to pay thousands of dollars more. federal student loan rates right now are at 3.4%. if congress doesn't act, it will rise to 6.8%. that's virtually double what the rate is now on july 1st. if you take out the maximum of $23,000 that means another 5,000 with a 10-year repayment plan. that's a long time. the redid used to be at 6.8% in 2007, then decreased over the years. and in 2007 democrats did take over the house and that's how that happened and they were able to cut the rates. jumping from 3.4 to 6.8%, i mean, that is a huge hit for families. >> how many people you think are going to be hit with this increase? >> it's millions. there are 7 million undergraduates who have federal student loans. more and more people are taking loans out because obviously tuition is expensive and frankly, it's just goi

felicia taylor is live at the new york stock exchange with some of the details. department approved $26 billion for homeowner relief with the major banks but it didn't include fannie and freddie. >> it's a little complicated. the director of the federal housing finance agency says he's considering a principle reduction plan for struggling homeowners. fannie and freddie services 60% of all mortgages in the united states. the fhfa is also charged with looking out for investors and u.s. taxpayers. it's been determined doing nothing will lead to massive losses totaling about $100 billion. do they offer forbearance and that would temporary reduce principal? short term payments are cut down but the borrower is still responsible for the amount of the original loan. forgiveness would be permanent but more costly. estimates show a $3 billion loss for the agency if it chooses forgiveness over forbearance. >> if the new plan is approved, how many people would it actually help? >> quite a few. about 600,000 homeowners would be he will vibl for this modification under the pro

felicia taylor is joining us from the new york stock exchange. again, from president bush, from president obama but now it seems like this is happening faster than we imagined. what does it mean for us and our retirement? >> it's a little depressing, frankly. the social security administration is simply paying out more than it's taking in. that simple. more people are collecting as in the baby boomer generation, and they are getting the checks for longer because they are obviously living longer. that's a wonderful thing but you know, that means that the money can't stretch as far so. there is not as much money coming in and social security is funded by current workers where the payroll tax is taken out of their current paychecks. president obama cut the payroll tax in february. that plus a lot of people are out of work and simply just obviously not paying the tax because they aren't collecting a paycheck. social security has to tap into reserves it's been able to build up over the years. >> what happens in 2033 when the trust fund is in the red?

felicia taylor is joining us from the new york stock exchange.e only one we know for sure is credit suisse. 35,000 cuts have been announced to happen. so far they have only laid off 2,000. fortune magazine says bank of america and barclays could be cutting jobs as well. obviously, things have slowed down with regards to the economy. that also means things have slowed down with regards to wall street. now, that could rival the cuts we saw during the absolute epitome of the financial crisis in 2008. and fortune magazine also says those cuts could start soon, not kind of surprising after the first quarter. suzanne? >> felicia, what is driving this? do we know? >> well, we aren't seeing as many mergers and acquisitions because of the weak economy, so, therefore, you know, not as many people sort of are in the mix. we've also got tougher regulations. wall street reform was a result of the recession, and it's meant to stop another financial crisis, but naturally it hits banks' bottom lines. they don't have as much money to make deals with. higher borro

who is joining to us give us the bad news, felicia taylor. >> thanks a lot. >> it was good and then you happy to have you but we have to hear the reality. >> only 120,000 jobs created in march, looking for more than 210,000, almost half of what expectations were. we need to keep above 300,000 in order for the economy to really be picking up steam and the one thing that could be a harbinger in terms of slowing things dune are gas prices. we have them now at $3.92, not bad considering that we could have topped over $4 at this point. so things are looking pretty good when it comes to gas prices but nevertheless, that's something people will be watching because that could bring things back but again we're going to be looking today at the jobs number and already dow futures are off 1% pretty much across the board so we're looking at a steep decline at the open, and certainly stocks are going to be focused on that. the federal reserve chairman bernanke is going to be speaking later on today and people will be looking to see if he'll have any hint of more stimulus in the economy. he didn't giv