i am a big fan of philanthropy because it's almost like the venture capitalism of societal spending.achers to have more feedback and raise the average quality. it's not a typical thing that a government would do. so i really love all three of the sectors and i'm trying to make sure that the money is well spent. and that is my full-time job now. neil: someone who has urged the government to do more and spend more, i guess he had a choice between committing more money and to pursue these goals for you and he chose you. >> that is true. i mean, we need to fund whatever activities we need to do. that includes the gap and how close the gap. and we would like to encourage philanthropy because in my view it has a good impact ad each one of these sectors, we have to wak up and do better every day for the goernment. so how do you balance the budget, that is one of those big challenges and everybody has opinions about that. >> you are right about that. if i could go back to philanthropy itself and whether this higher tax environment, there's a lot of worries with a few charitable foundations.

more focus on philanthropy because there has been a focus on income inequality.tting richer and the poor are getting poor. you feel you could have become a self-made millionaire and you could become one now versus when you first started? i think people can. for me, education is what got me out of the cyclone of poverty. that, combined with hard work. two.ill takes those you have to make yourself aware and then were -- worked very hard. it is possible today. certainly. lot of self-made people. >> the average american was at that and says, all the wealth is getting more concentrated among the richest people in the world. what about them? know.o not i think i can follow. was not anted off, i american. i was a canadian. was $7,850.salary harvard lawto the school. that was it. i had a six-year-old chevy. you start off. but i was lucky. and found worked hard a field where i was able to do well. a lot of fields are open to a lot of people of talent who are willing to work hard. i think everyone of the people you will talk to has done. just have to hope we expand those p

he practices what he calls venture philanthropy. >> we don't give it away. we want a return. remember, i started work as a cpa, so that gave me fiscal discipline in everything i did in business, and i guess some of it carries over to philanthropy, >> eli broad says, "i want results, and if you're not gonna show me results, i'm not gonna give you the money, and incidentally, after one year, if you don't show me results, i'm gonna stop funding you." >> new york mayor michael bloomberg, no mean philanthropist himself, admires broad's uncuddly approach and the $32 million he has given to new york schools. >> eli broad sets the standard. i think it's really being a role model for others. and they look at eli, and because of him, they get the ideas, "i'm going to be innovative and be philanthropic and do some other things." the leverage of eli broad is really quite amazing. >> amazing to the extent of almost $1/2 billion he's poured into improving public education. he spends even more on medical research. he teamed up with harvard and m.i.t. to create-- you guesse

. -- philanthropy is more of a u.s. occupation. we are making progress. >> how will you get the next generation? when you look at the people under you who are successful, how do you get them to make a real philanthropic contribution? how does one truly make that commitment and how do you spread the word? >> if you're doing something as a leader of a firm, maybe you can set an example for other people. if you can be a role model and other people might want to follow your example. that's one thing and secondly, if you talk about this and next thing you are doing, you might have an impact when people work for you. >> are you having that impact? >> there are people in the firm who are quite village rampart -- philanthropic were junior. he also match would people give away. for a young employee who wants to give away dollars, we will match that up to a certain amount. >> is philanthropy the answer to inequality? >>no, we have to remember that philanthropy is not going to solve all the world's problems. in the united states, people give

both of these men giants in the world (three -- of philanthropy. this is "bloomberg surveillance."t for the hour is john borthwick, the ceo of betaworks and experts on all things media. speaking of this conversation coming up at 9:30, the bill and melinda gates foundation published their annual letter this morning. there is a great quote i wanted to bring up that talks about how the future is not preordained. he'll gates is really focusing the letter on how to make progress for the poor and how there are a couple of myths that get in the way -- he is talking about improving the world through philanthropy, the importance of giving back. but it sounds like something would say in the world of technology, isn't it? >> the question is, how much technology do you need to solve some of these problems, and how much is just small gestures? a lot of people in the anti- poverty field feel it is the small gestures, teaching the man to fish aspect, rather than creating a better fishing rod. >> in other words, clean water, access to food, basic netizens -- not reengineering seeds, etc. >> one pr

that is why both of us are drawn more and more of our philanthropy to help those needs. >> one of theces melinda is has 50,000 people per dr.. in america, we have 500 people per dr.. there are places where there are no roads so if you need an operation, you just die. we have been training people to do appendectomy's and cesareans which turn out to be relatively simple operations. without that, everybody who needs one of those is not going to survive. with a little help, you can't cure everything, but you can do a few things. that can make any nor mr. prince. >> what do you hope to do there? >> the organization i am focusing on is a group of cities that focus on climate change. they all have the same problems. they all have to educate and protect and improve the health of people. all through africa and latin america and asia and europe and america. we all have very similar problems. some of them are different magnitudes. some involve different diseases. you don't have to go very far from where we are sitting. just go to haiti and look at the terrible tragedy that has taken place. the w

the world are meeting for the world economic forum and they'll talk economic followcy policy and philanthropy and new business deals. >> reporter: 4,000 miles from new york city is davos, switzerla switzerland. it's the birthplace of many modern winter sports. it's a permanent population of 11,000, come january every year, many of the residents bolt making way for the 2500 or so participants. world economic forum that arrive by train and car and helicopter and come from more than 100 different countries tackling the world's biggest problems. >> the united states is doing a little better than the average country. europe stands to have a recession that by some measures as bad as the great depression. they are a lot richer, you can't compare but it's pretty severe. >> the theme of this year's meeting, reshaping of the world. consequences for society and politics and business. a theme that will be tackled by the likes of ceos for morgan stanley and goldman sachs and ubs and marriott and google to name a few. with such high profile attend ees all in one location, security is extremely tight. from

>> philanthropy is very important and the united states is unique it is not just the richest to giveis even more impressive for those that are not rich are so ungenerous. looking state by state utah do is 5% of did, where it is to present elsewhere.re it is a broad movement. certainly there could be some cutbacks but you don't want to run tax rates up with the balance said you have to pay for them at some point.y neil: you thinko we have that balance now?h >> no. we are running a higherning deficit. there is an important argument how do you phase it in fat balance and think of that as a stimulus to the economy. the big thing is the of medical cost it is to not target is the government peyser the system pays but it is good the governmentrnme projects those increases. are there things that coulds be dead forth more innovation and cost production?e we have not seen enough thinking and what i see about medical health stuffor in the four countries is a justice of ver the -- suggested it is not zero some citizens verses government. neil: do you envisiongove to go back to management with da

philanthropy is more the united states preoccupation.t takes more work outside of the united states, but we are making progress. >> how will you get the next generation -- when you look at carlisle and the people under you, how do you get them to make ? real philanthropic commitment how does one truly make the commitment and how do you spread that? >> if you are doing something as the leader of a firm, maybe you can set an example. if you can be a role model, others might want to emulate. if you explain what you are doing, you might have an impact on people that work for you. ?> are you having that impact >> there are people in the firm that are philanthropic that are quite junior, relatively speaking, and we also match what people give away up to a certain amount. >> -- >> david, is philanthropy the answer to any quality? -- inequality? >> no. it will not solve all of the problems of the world. a small percentage of gdp is involved in philanthropy. to solve income inequality, we need to educate people better. when you have 25% of people

carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the ford foundation, working with visionaries on the front lines of social change worldwide. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the john d. and catherine t. macarthur foundation, committed to building a more just verdant and peaceful world. more information at macfound.org. park foundation, dedicated to heightening public awareness of critical issues. the kohlberg foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >> welcome. it's been almost 35 years since pbs premiered one of its most successful series of all time -- carl sagan's "cosmos." many of you may remember, as i do, his elegant exposition of the universe. >> a personal voyage -- some part of our being knows this is where we came from. we long to return. and we can,

. >> we talk a lot about philanthropy. a lot of alien errors. we talked to the ceo, and he was keen to talk about each quality and what he was doing to be more transparent. >> we did a story about how they are anticipating the bull market is anticipating they will get richer. out a reportput talking about income inequality and how that could be one of the major risk factors affecting the world today and the pope giving of thege to the delegate world economic forum, talking about using their wealth for good and not just to control the world. i think that is on everyone's mind as a talking point. >> the pope might show up, but he is not. he sent the message. we have 80 billionaires. a couple of hidden billionaires. >> i was trying to find them, but i didn't find them. >> that as a whole different conversation. one of the youngest early in errors became a billionaire yesterday. >> facebook pushed her stock north of $700 million. she is a billionaire this morning. >> we will catch up with matt throughout the day. we will have plenty more from our bi

withggle does so much philanthropy. what led you to make this part of your mission?as a brand marketer, i do not think you take philanthropy as a strategy, as much as you have a brand dna. giggle, the name, we are a family brand. we have to have an ethos about humanity and caring because we are helping people become families. >> even if you're a nice person, this makes business sense. >> it does. we say these are the things we do, and how could we do any of them with greater egos around helping -- egos around helping question mark >> you have -- helping?nd you have different ways for donations. >> we have people that need products and we have access or samples. how will we get rid of the things we do not need? we take a philanthropic angle. >> do you ever worry that willey wrote your brand somehow? >> it is all about how you do things. execution is everything. seinfeldn the jessica organization called baby buggy, which gets gently used items into the hands that need them. it is not necessarily check- sized industry knowledge, but every quarter giggle donates our samp

they talked about everything from philanthropy to much more. want to talk about the status of the microsoft ceo search and whether he's ever thought about going back to the helm. our anchor of "in the loop," betty liu, asked him how involved he is day-to-day. >> the foundation is the biggest part of my time but i put part- time work in to help as a board member. >> how involved are you with the search for the new chief executive? >> the board is working on that. there's nothing new to say. it is a good board. >> do you feel a sense of urgency at all on this front? >> i feel that way. then again, you want to pick the best person. they will move at the right pace. >> we had the fortune of having the mayor come back to this company and we are very happy to have him back at bloomberg. bill, has that ever hit your vision in the future of ever going back to microsoft's full- time? >> my full-time job will be the foundation for the rest of my life. melinda and i are enjoying it. i will not change that. i will help out part-time. >> that was betty liu

you look at the scale of what we have seen in philanthropy and how much money has been pledged and putrd. >> from billionaires all around? you look at the fact that there is 120 plus people who our that are allrity signing up, that is a trillion of dollars that will go. it depends on who the people are and what they want to fund. michael bloomberg funds the arts and environmental causes. focuses on eradicating poverty and bringing medical services. you have rich people who have tremendous amounts of wealth that can affect change in the way that governments can because of their money. >> i see the line to between michael bloomberg and bill gates fairly easily. there are a lot of comparisons. you look outside of europe and the united states, how much money is coming from other areas of the world? >> it is pretty small. the united states does not lead in this. we have russian billionaires who are giving back. they have signed onto the giving pledge. a couple of germans have signed on. there is a movement towards this. the biggestd that disgrace is a wealthy person dying with money. >> tha

is focused on philanthropy as well.told us just this month when he had an interview with betty liu and michael bloomberg that he is focused on philanthropy. >> my full-time work will be the foundation for the rest of my life. i enjoy that and i get to do it in depth. i am not going to change that. i will help out part-time. >> this would be big news if he steps down as chairman. the person who might be taking over, it is john thompson. he is on the board and has been spearheading the search for the new chief executive. what is interesting to investors is this guy does not hold his tongue. he has a reputation and has driven sales at a company he two $6 billion. that was called symantec. he also has experience in asking hard questions. he asked steve ballmer to step down in august to find a new executive. >> interesting. something that we have to keep on top of. after the break, andrew wilson of goldman sachs joins us to discuss china, emerging markets, and bernanke. ♪ >> welcome back to "on the move ." i am francine lacq

drawn and more and more of our philanthropy help these companies. per dr.. people there are places with no roads. if you need an operation, you just die. we have been training people to do appendectomy is, relatively simple operations. with a little help working, we will not cure everything and be able to do open heart surgery. but you can make a few things which can make an enormous difference. >> what do you hope to see and accomplish their? -organization i am participating in is a group of cities that focus on climate change. they all have the same problems and may have to educate and protect and improve the health of people. all through africa and latin america. asia and europe and america. we all have similar problems. some of them involve different diseases. you do not have to go very far from white with that right where we are sitting. just look at the terrible tragedy taking place in haiti. the world pledged all this money and they are still there with diseases i thought were eradicated. and not having the ability to be in charge of their own destiny

every dollar we raise goes out the door within 12 months. >> depending on new philanthropy may turn out to be a struggle for traditional nonprofits like the san francisco symphony and fans may wonder how flen could put a number on the impact of beethoven. melissa chan, al jazeera, san francisco. >> up next, riding tides, new concerns that big changes could be coming to the california coast. >> the northeast has been dealing with rain today, started as snow. while temperatures were warming up we had a big problem with snow going to freezing rain, going to ice across the country and freezing rain advisors going up into maine. we are going to shift the concern from temperatures and freezing to rain and warming. wind advisories high wind watches in place all the way from manhattan to massachusetts. we are expecting the wind to increase saturday in places new york city to boston. winds gusting 35 to 50 miles per hour. and we have a high wind watch in place for parts of maine. now the forecast will call for plenty of mountain snow to the west along with several hits of rain with showers in be

part of the press attention you have received because of this, it raises the issue of charity and philanthropy. it's very good at raising money for causes, fighting cancer and so on. do you feel the same way about that industry? they make products overseas in industries that are not conducive to american lifestyles. >> the reason i single them out is because apple is sitting on $150 billion in cash and an apparel company with razor thin margins. >> craig johnson, does it matter where the apparel is made? do the companies carry? >> they want to do what is right by the consumer. in a sense, consumers are agnostic where the product comes from. all things being equal, if the product is made in america, it is often more expensive than made elsewhere. you have an issue of creative attention but it is not in business to help solve everybody else's problems. they are solving their customers problems. they are giving the customer what the customer wants. whether it is best buy trying to do that, avalos and doing it, that's the reason they are in business. >> having said that, there are links. what are

they're looking to reinvent philanthropy. >> take jason, a start up millionaire and investor.s now applying his entrepreneurial skills for social good at causes.com, a network that helps organizations to raise money. the goal as they love to say here is to change the world. >> working in causes i think the best way i can think of to give back. >> reporter: the catch, causes is for profit. redefining charity, and reflecting the common confidence that technology improves lives as much as it makes money. >> treating it like a business. they're treating it like venture capitol. they're specific with their giving and they want specific results. >> reporter: some have called it philanthro. capitalism. they come here in the 20s and 30s and they feel the same thing that made them successful ought to applied to giving. >> certainly my brother more importantly many other people are also very successful entrepreneurs who don't need to work but are doing it out of cash and for the cause. >> reporter: daniel comes from a family of philanthropists. one that gave to traditional organizations

that is why both of us are drawn more and more of our philanthropy to help those needs. >> one of thenda is has 50,000 people per dr.. in america, we have 500 people per dr.. there are places where there are no roads so if you need an operation, you just die. we have been training people to do appendectomy's and cesareans which turn out to be relatively simple operations. without that, everybody who needs one of those is not going to survive. can't little help, you cure everything, but you can do a few things. that can make any nor mr. prince. >> what the yuan to do their? -- what do you hope to do there? the organization i am focusing on is a group of cities that focus on climate change. they all have the same problems. they all have to educate and protect and improve the health of people. all through africa and latin america and asia and europe and america. we all have very similar problems. some of them are different magnitudes. some involve different diseases. you don't have to go very far from where we are sitting. just go to haiti and look at the terrible tragedy that has taken

in this edition, we look at the serious business of philanthropy. bill and melinda gates take us inside their foundation, we examine the unintended legacy of howard hughes, and meet a staten island woman helping children maimed by war. we begin with bill and melinda gates. with their plan to give away $60 billion, they're the most generous philanthropists in the world. they want to make american kids among the best-educated on earth. and while they're doing that, they also intend to save millions of lives worldwide. the gates shun publicity, but in october 2010, melinda gates agreed to show scott pelley the nuts and bolts of giving away a fortune. [train whistles] >> the north of india, where it is a short drive from the big city to the middle ages. [animals bellow] in the countryside of india's most crowded state, uttar pradesh, often, food is scarce, electricity nonexistent, women and infants die in childbirth, and medicine remains in the realm of superstition. it's exactly what melinda gates is looking for: a neglected crisis where her investment

we got more business leaders around the country, and philanthropies around the country, and so we have to think of this as just the beginning. we want to do something like this again, and we want even more colleges, universities, and businesses, and non-for profits to take part. for folks who are watching this who were not able to be here today. we want you here next time. start thinking about your commitments now. we want you to join us. for those who were able to make commitments today, i want to thank you for doing your part to make better the life of our country. because what you are doing here today means that there are a bunch of young people like troy and like michelle and like me who suddenly may be able to see a whole new world open up before them that they didn't realize was there. so i'll end with a great story that -- that i think speaks to this. there's a former teacher here today named nick airman. where is nick? all right. so here is nick right here. five years ago nick founded a new york city non-profit called blue engine, and they recruit graduates to work as teaching

. >> i think all philanthropy is great. blindness. culture things, it is hard to compare. he creates a construct where he talks about how people want to avoid blindness and how strong that instinct is and is therefore able to create a framework that he tries to have a value system about these things and it comes out the way that i happen to be spending my money. but i wouldn't want to abridge in any way philanthropist's ability to spend. i think if they had the confidence that the money against blindness was well spebilityd and -- spent and wen show them that, a little bit that holes back even personal philanthropy as well as these government aid amounts. >> rose: i want to talk about infectious disease in a moment. when you look at these goals that you have and beyond having a broad sense that it's possible, what is it necessary to make it possible other than a mind set. clearly metrics, accountability, a sense of what works and fueling that rather than what doesn't work. tell me how you get there. >> well you have to fund new science. you have to fund the malaria vaccine

. >> daniel borochoff is president of the american institute of philanthropy, which has been examiningcharitable organizations for the last two decades. he says the central asia institute's financial statements show a lack of transparency and a troublesome intermingling of mortenson's personal business interests with the charity's public purpose. according to the documents, the nonprofit spends more money domestically, promoting the importance of building schools in afghanistan and pakistan, than it does actually constructing and funding them overseas. >> what's surprising is that most of the program's spending is not to help kids in pakistan and afghanistan. it's actually their, what they call, domestic outreach, where he goes around the country speaking. [applause] and the cost incurred for that-- things like travel is a major component of that. you know, just advertising. >> what does that mean? >> sounds like a book tour to me. >> his point is that when greg mortenson travels all over the country at the charity's expense, he is promoting and selling his books and collecting speakin

fair share, they want them to pay to stop at those muni stops and we want more money to ask for philanthropy is hard. it's hard for all of us, especially when our lives are so directly impacted in the job sector, in where we live, things like that. san francisco's ability to attract so much of this new business, particularly during a queasy economy, it's really something. it's a tribute to its leaders. but they're going to have to be careful. they're going to have to be careful to preserve the city's character in the midst of all this growth. if they don't, residents just may revolt at the polls. we've seen it already when they blocked a huge apartment complex near the embarcadero and there's nothing to say they might not do that again in the future. >> what i find interesting is that a lot of the tech workers that are here are coming from other places and so they may not vote the same way that a native san franciscoan or someone that's been here for a while. >> they may not be as invested. the city has this rich tradition, all these cultures have blended. the question is can this new group

[ticking] >> coming up: the challenges of philanthropy. >> you know bill gates. have you said to him, "80% of what you're throwing down there in africa is not gonna work"? >> well, i've said it a little differently, i think, and that is that we need to quit thinking about trying to do it like we do it in america. >> the buffetts and bill gates when 60 minutes on cnbc returns. man, this helmet is just torture on my hair. well you gotta use head & shoulders for men. it's all you need to reach polamalu levels of scalp and hairness. check it. ♪ [ male announcer ] head & shoulders for men. with seven benefits for a flake-free scalp and great looking hair. even if you wear a helmet for a living. i know. [ male announcer ] head & shoulders for men. 100% flake free. [ male announcer ] head & shoulders for men. so ally bank has a that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up,

, but there is so much philanthropy that is anonymous.hy folks donating a lot of money. >> and they get the tax shield and all of that. knows what is going on here. futures negative two. dow futures -13. gold rebounds. thursday. >> we talked about how now is the time to buy jewelry they beat. >> there is no jobs report tomorrow. i am wearing black. >> we have to talk about the weather. temperatures dropping below zero in some places. this mess is what we will have for you next. this is bloomberg "surveillance." ♪ >> it is our number for today. -40 two degrees fahrenheit. the current temperature north and northwest international falls, minnesota. how cold have you ever felt? i felt -21. it was ridiculous. >> go north of superior. cold not matter where you go. when you were young? >> you're killing me. bonnie schneider here. the store and that is coming. how bad will it be? >> it actually will be really bad. this will be a big one. travel will not be advisable. it will be treacherous. you will see that in new jersey, even starting today. wi

. >>> we're not saying philanthropy is a competition. somebody won for shelling out the most to charity in the money lead. >>> and movie studio executives have a loose definition of winner. we'll explain in pop culture lead. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, ha

and with that the "chronicle" of philanthropy says the couple tops the national ranking. >>> more people tend to volunteer during the holiday season but as kpix 5's mark kelly reports, a lot of volunteers seem to disappear when the holidays are over. >> reporter: at the san francisco marin food bank there's no shortage of volunteers. but it's still the holiday season. once the doldrums of january hit, director paul ash says volunteerism falls off. >> there's a whopping 2800 volunteer spots that need filling the first two months of 2014. >> rush hour volunteer corps gets very thin. it's a big problem for us. you know, volunteers are nice to have for some organizations. but it's a must have for us. >> reporter: ash says when their volunteer corps is humming along at maximum capacity, it's the equivalent of 68 full time staff employees. take the rossi family. they have made volunteering here a family tradition. >> you walk in and they explain how important the san francisco food bank is to our community. so it makes you feel like you're really giving back. >> everyone here is really nice an

you can bring your values into your philanthropy. your values into your planning. don't take your values in your investments now. we are saying no. let's have a holistic conversation here. >> michael, jackie, thank you for coming in today. >> absolutely. >> up next, a look at the news this week that will have an impact on our money. and auto sales in high gear. what will you be driving next year. a look at the hottest cars from the detroit auto show. >>> you can go to our website -- follow us on twitter@onthemoney our handle. stories coming up -- may move the markets and impact your money. johnson & johnson, proctor & gamble, microsoft, verizon and ibm report quarterly earnings. results next week, netflix and ebay. monday markets closed in observance of martin luther king jr. day. wednesday, business and political leaders defend on switzerland for the forum, three day event, economic social issues are addressed. thursday, a look at home sale numbers for d.c. finally today, with vehicle sales in the u.s. hitting highest point since 2007. automakers are ramping up mo

it's enlightened, it's not just philanthropy., they tend to fall apart over time. >> we are asking you to acquire a skill so you can go work in corporate america. >> safer: a key to year up's success, chertavian, says is a relentless focus on networking and understanding office culture. beyond the technical training, how important is the social skills part of this? >> chertavian: we know you hire for skills and fire for behavior in the work world. and so, we have to make sure our young adults know the social codes, the social norms of working in an organization like a state street, or a bank of america, or a j.p. morgan. >> safer: each candidate is put through a rigorous application process, where their backgrounds, and more importantly, their determination are carefully examined. the only requirement is a high school diploma or g.e.d. >> you said he was in foster care. will he be stable for a year? >> safer: social workers are on staff to help with the inevitable problems, like unstable living conditions. >> year up is a tool. >

break down the chinese wall that's traditionally existed where you can bring values into your philanthropy but stop and don't take your values in your investments. now we're saying, let's have a holistic conversation here. >> michael and jackie, thank you both for coming in today. >> up next, a look at the news this week. >>> what will you be driving next year? a look at the hottest cars from the detroit auto show. >>> for more on our show and our guests, go to otn.cnbc.com. or follow us at twitter. here are stories that may move the markets and impact your money. johnson & johnson, microsoft and verizon and ibm will be reporting quarterly earnings. on monday, the markets will be closed in observance of martin luther king jr. day. on wednesday business and political leaders descend on davos on the three day economic forum. on thursday, we'll get existing home sales numbers for the month of december. finally today, with vehicle sales in the u.s. hitting their highest point since 2007, automakers are ramping up with a truckload of new models. horse power is roaring again. so are the big thre

you can bring your values into your philanthropy. your values into your planning.on't take your values in your investments now. we are saying no. let's have a holistic conversation here. >> michael, jackie, thank you for coming in today. >> absolutely. >> up next, a look at the news this week that will have an impact on our money. and auto sales in high gear. what will you be driving next year. a look at the hottest cars from the detroit auto show. [ male announcer ] pillsbury grands biscuits. delicious, but say i press a few out flat, add some beef, sloppy joe sauce and cheese, fold it all up and boom! delicious unsloppy joes perfect for a school night. pillsbury grands biscuits. make dinner pop. [ angelic music plays ] ♪ toaster strudel! best morning ever! [ hans ] warm, flaky, gooey. toaster strudel! [ female announcer ] try new pillsbury heat-n-go mini pancakes. >>> you can go to our website -- follow us on twitter@onthemoney our handle. stories coming up -- may move the markets and impact your money. johnson & johnson, proctor & gamble, microsoft, verizon and

his foundation, bloomberg philanthropy has distributed $370 million in 2012, alone.an $1 billion to his alma mater, johns hopkins, and donated $2.8 billion for causes like art to public health. >> the thing that gives me the most pleasure in the world is knowing i'm making a difference. >> reporter: what's next for the billionaire mayor? >> i don't know what the future holds. president, pope, naked cowboy. >> reporter: he has quashed rumors about white house dreams for years, but he is deep in the political fray. championing causes from gun control to immigration reform. business mogul and billionaire mayor, the business of being michael bloomberg is far from over. thanks for starting your saturday's "smart" with us. coming up at 2:00 p.m. this afternoon eastern time, stocks finished last year with record high levels. is the market set for a drop this year? a bull and a bear face off on a brand-new "your money" here at 2:00 p.m. eastern. >>> coming up at the top of the hour, an nfl player murders his girlfriend and kills himself. now, his mother is suing his team. di

tonight at 6:00, some bay area leader will talk about the increasing link between tech and philanthropy and will also talk about money changing hands tonight via big earnings. lots of local stocks are moving. back to you guys. >> does louisa have caller i.d.? >> saved that in her phone. >> another sunny day, definitely need rain, but i don't see any coming. let's check in with jeff ranieri. >> love to get some sort of storm system out here, but the closest one is 15 miles out in the pacific. eventually by february 5th, 6th and 7th we could have the pattern changing, and for now the intermediate, any kind of storm activity offshore so that did lead again toyed to the record setting temperatures. palo alto 76, one of the warmest. mill valley 75 and livermore 74 and gilroy at 74 as well. one more day of this and then some changes beginning in that forecast. let's take you outside right now and numbers are cooling off. a little bit breezy here in san francisco. down to the surface it's coming out of west at 14 burks up at the higher elevations right here, gusting to the low 20s at times. th

he's much more involved with philanthropy which is phenomenal. >> if they asked -- >> which was the case with ray clock. >> i thought ronald mcdonald was running it. >> i thought it was the hamburg lar. >> new record highs this after the tech titan reported a miss. inching ever closer to that $400 billion market. it's interesting because there's so many people on the street who love the stock no matter what. >> exactly. we discussed it the other day saying you're waiting for the dip to come on earnings. you've got a brief spot after they reported it to buy it on the dip and then it ran off to the races. i'm actually going to wait for the mackerel market to break. >> you got out and you're waiting for the opportunity that and waiting and waiting and waiting that and you're still going to wait. what's your opportunity? >> next week i'm off. forget about it. i'm greedy. i want it at 1,060 is what i'm looking at. i sold it at 1,021 up from the 880 range. that's what i'm looking for. i could go below the face which i've been doing but eventually i'm going to bite the bullet and buy it. >>> am

overall...the chronicle of philanthropy reports the nation's wealthiest donors gave 3.4 billion dollars to charity last year. for those of you who really want to stick with your weight loss resolution for 2014.how about a financial incentive? the website "healthy wage" is gearing up for a busy time of year. the site allows users to bet on themselves and their weight loss goal. customers decide how much they want to wager, and if they win, they take home a profit, if they lose...they have to fork it over. still to come: what's behind the flood of bullish activity in biotech. plus....traders reveal upside potential in "underdog stocks" that's later in traders unplugged. but first.... why one analyst says right now is the "last hurrah" for consumers trying to pay off their credit card debt. stay with us! increasing mortgage rates! we finished the year with them.now, greg mcbride, financial analyst with bankrate-dot-com joins us with a look at where they're headed in 2014. hi greg, how high and how soon for the 30- year fixed? >>happy new year chuck. i do think that we'll hit the 5% mark he