robert frank wrote up a nis piece for us. they have released details about how money is being spent. $6,800 a month on groceries, $7,200 a month on restaurant meals. it's the $2,000 stationary bill that seems to be getting people's goat. >> and clearly people are looking for it. thank you, allen. good to see you this afternoon. americans just do not save enough money but a new app plans to change that by automatically transferring money into a saving e accounts. and is the fed sending the markets mixed message about when it will raise interest rates. jim grant is joining us tomorrow on "the closing bell." don't miss it. even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so if you get a trade idea schwab can help you take it on. tdd# 1-800-345-2550

robert frank back with the story. >> kids are expensive. we all know that.sed to taking the private jet to their five homes. get this ken griffin, hedge funder and founder of citadel is getting divorced and his ex-wife is asking for $1 million a month in child support. they have six kids under the age of 10. the costs include $300,000 a month for jet travel. they own two planes. it also includes $160,000 a month for vacation rentals. they've already got homes in chicago, aspen, hawaii miami beach, and new york. and $60,000 a month for office space and professional staff. i guess that would be for her, not for the kids. the rest of that million dollars a month would go to nannies, tutors, schools, clothing, food drooefrz, and all the other necessities of being a child of a billionaire. now, griffin says that the million dollars is too much and that ann diaz is trying to fund her "opulent lifestyle ask desire biz calling them child care expenses." diaz says griffin is trying to punish his family and avoid responsibility under illinois law to maintain his child

finally a piece by robert frank.s out 3,415 people have turned in their citizenship because of overseas taxes and bank regulations. that always gets attention. >> as do citizenship because of taxes and -- >> he's got another story and it involves connecticut. please, don't leave. that's what connecticut is saying to a handful of billionaires who would have a huge impact on tax revenue if they picked up and bailed on the state. that story is amaze, and it is next on "closing bell." why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well-equipped volvo xc60 today. visit your local volvo showroom for details. startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses ar

robert frank here with the details of a new study. what's it telling us, robert? >> well it tells us if you want to become a member of the 1% you better start young. a new study says that your earnings over your lifetime are mainly determined in the first ten years of your working life. now, most of those who made it if into the 1% got there before it age of 35. as the study says across the board of bulk of earnings growth happens during the first decade. those in the top 5% their income grows 230%. the 1%'s see their income grow 1,500% during their working lives. earnings peak early. most of us never get raises after the age of 45. only the top 2% of earners actually see their pay increase after they're 45 years old. there is one thing about the 1%'ers. they do have their problems. they do experience more sudden drops in incomes, called negative earnings shocks. as the study says the higher an individual's current earnings the more room he has to fall and the less room that he has to move up. the good news here tyler, is that one in nine americans will at some po

robert frank is nodding over there.owerlunch.cnbc.com to find out how the startups generated more than 17 million in revenue and for our interview with its ceo. sue? >>> we go international, ty. india is climbing up the ranks on the world's billionaire's list to the top three. where does it fall and what country did it push out of the rankings? >>> plus, on the topic of billionaires, one heiress is making big demands, including a guitar. that's next. ç >>> time for today's power rundown. dominic chu, big brawl down under with one teenage daughter making outlandish demands including a 24 kacarat studded guitar and fine wine for life. >> check it out on cnbc.com. olivia maedead, the secret daughter of michael wright. she got $3 million in his will. >> she's not secret now is she? >> she's not secret now. she wants $1.5 million house wants a million dollar piano and allowance for the next 77 years with very specific demands including five pairs of shoes for $5,000 each per year. >> $5,000 each for the pair. >> that's right

robert frank is back at hq with more. >> of the top 50 philanthropists in 2013, 12 were actually technders and they gave a total of $4.6 billion in 2013. about half of the total amount by all 50 of the top givers. bill and melinda gates topping the list, giving $1.5 billion in microsoft to their foundation. coming in second was the what's app founder, giving $556 million to the silicon valley community foundation. shawn parker gave $550 million to his foundation as well as a donor-advised fund. nick and jill woodman giving $500 million to the silicon valley community foundation as well. remember that famous stock sale. and sergei brin rounding out the top five of google giving $382.8 million to his own foundation. the tech guys are reengineering philanthropy just as they reinvented tech. most are giving to scientific research endowments and donor advised funds. these funds have come under some scrutiny because they allow donors to get an immediate tax break on money that can sit indefinitely in the fund before going to a charity. the rise given to these funds is likely to cause an inc

melissa lee is at the top of the hour, but first mandy, and tyler back to you, and robert frank i seeth you. >> watch what happens now. a prince, heiress and a bugatti. start with the prince in ax(nf2 lavish apartment in manhattan that involves sushi. >> yes it's delicious. it's going to be good. this is in the upper west side, 48.5 million the seller is prince, a close ally to king abdul la three bullet proof panic rooms because you need those, a hair salon, ventlated cigar room,óaquariums and you talked about sushi, tyler. this is the =1íváz island bar. >> was there a chef behind the bar? >> probably several. probably several. >> okay. next up an heiress that no one knows about just awarded a very nice chunk of change, bigger chunk of change she was asking for. >> an amazing court decision. she was a secret daughter of the late australian billionaire michael wright who died in 2012. he was left $3 million in the will, asked the court for 12, and show got 25. she was famous here on power lunch for submitting her shopping list of demands. they included a 2.5 million house, 1.5 million

our robert frank has some new details. >> good morning, carl.ed with really big dollar numbers, from his billion-dollar salary to her $25 million prenup. but the most surprising numbers relate to the family's day-to-day spending. according to new filings by ken griffin's attorneys, his ex-wife anne diaz is requesting nearly a million dollars a month in child support and family expenses. that includes $300 a month for intercontinental private jets $160,000 a month for vacations, $60,000 a month for professional staff, $6,800 a month for groceries, $7,200 a month for restaurant meals, $8,000 a month for gifts and $2,000 a month for stationary. diaz also requested $450,000 to take the kids on a ten-day trip to st. bart's during the winter break, but ken turned that down giving her and the kids only $45,000 for the vacation. now, the legal dispute here centers on child support. illinois law requires child support payments in keeping with the couple's expenses during their marriage. diaz says this is what the couple spent during their marriage and ke

. >> got robert frank here. we want to know what the super rich spend.lly when it comes to divorce. >> this divorce really gives us an insight. take a look. new filings from hedge fund billionaire ken griffin detail his family's monthly spend and request from his ex-wife. now, the expenses include $300,000 a month for the private jet, $60,000 a month for professional staff $6,800 a month for groceries, $7,200 for restaurant meals $8,000 a month for gifts, and, get this $2,000 a month for stationery. now, griffin also says diaz requested $450,000 to take the kids on a ten-day trip to st. bart's during the winter break. ken turned that down giving her and the kids only $45,000 for the vacation. skrimping there. at issue here is illinois law and child support it says that cheeld support is required in keeping with the couple's expenses during their marriage. diaz says basically this is what the couple spent during their marriage, and that ken has failed to pay adequate child support. she says ken "continues to lie with impunity in an effort to avoid his fin

i believe we have robert thompson and frank cezno joining us on the phone. gentlemen, thanks for being with me. frank, first of all, your assessment of brian williams taking himself out-the anchor chair saying i'm going to focus on the issue at hand i will be back and i will regain your trust. >> this might be up there with somebody who's been booted out of a job saying i'm going to step down and spend more time with my family. not like he had a choice and it's a good way to put a spin on it. it's somewhat gracious. it's a smart thing to do to let everybody catch their breath. this investigation had to take shape and they need to see if there were any other shoes that would drop here. it's sad because as brian said brian williams has a very good track record. i, too, have admired his work. i think he's done very solid work. unlike dan rather when he was anchoring for cbs news brian williams did not have an army of critics out there screaming at him because they thought he was biased. it was a rather biased dan rather website. no such thing for brian. his emb

." ♪ >> robert morgenthau and lucinda franks are here.have been one of new york's most famous couples for 35 years. she is a journalist who became the youngest woman to win the pulitzer prize. her new book is called "timeless: love, morgenthau, and me"." great to see both of you. why did you decide to put this story in a book? >> people know bob as a brilliant prosecutor. he has been: bd a of the world. -- in called the da of the world. but he has been seen as a reserved, stiff person. i wanted tohim to go down a history as a rounded person. do a portrait in the complex of the people did not know. at the same time, i wanted to save my marriage. >> how does this save your marriage? >> i did not want to be so honest -- >> you drew a line. >> so many foibles revealed, it would affect my marriage. my marriage was more important than e-book. >> -- then the book. >> you are 50 something 53? >> 56. >> she was 26. what attracted you to her? >> the first time i met her she was doing a piece on contributes to the nixon campaign. >> he was the finan

frank sesno is joining us on the phone. also robert thompson center for media studies at syracuse university. frank, let me begin with you. you are speaking about this earlier saying some are questioning whether brian williams was too big to fail basically, and whether or not an internal investigation is the right move. what is your take given that he himself is stepping aside temporarily. >> i think this is a very smart thing for him to do and whether he's done it or has been pushed to do it he does it in his name. there's a degree of grace to it. i think that brian is quite right. what is going to happen over the next several days this will continue to take on a dynamic all of its own and whether it's something in the internal investigation or unforeseen blocker comes up that another journalist comes up with, that's going to matter for brian and determine whether he's able to come back at all or not. these things take on a dynamic on all their own. dan rather was not too big to fail. these crises scandals, tend to want to have a dyna

frank sinatra and ronald reagan... and jerry tarkanian. >> gary: back in the ring critic robert made a many ran some when he fought floydit again wartime at mgm and they kissed. --back in the ring at mgm grand in vegas >> pam: female announcer: presidents' day is over, but the savings go on at sleep train. through sunday, save up to $300 on beautyrest and posturepedic. even get three years interest-free financing on tempur-pedic. plus, free delivery, set up and removal of your old set. and sleep train's 100-day money back guarantee. keep more presidents in your wallet. sleep train's presidents' day sale ends sunday. ...guaranteed! ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ back in 2013 to make a wish foundation turned the bay area and to gotham city for miles got aka bad kid to round up the bad guys. people took participation taking the world by storm with even president obama congratulating him on his crime-fighting creek >> pam: known as the chinese new year patrick said francisco nearly italy says is the year of the ram. making up the chinese zodiac current the five elements with to those of 14 was the

, best picture, best director for frank capra, best actor for gable, best actress for colbert present by shirley temple no less. and a best screen play award for robertn. in all the years since a so-called grand slam has happened just two more times with the 1975 film "one flu over the cuckoo's nest" and 1991 "silence of the lambs." some day we may see another oscar grand slam. but with not single picture nominated in all five categories this year, we can safely predict it won't happen tonight. ♪ bring your vision for the future to life. for more than 145 years, pacific life has been helping families achieve life-long financial security with innovative tools and strategies. talk to a financial advisor to protect your family and plan today. pacific life. the power to help you succeed. pacific life proudly presents "humpback whales", a whale-sized movie for giant screen theaters. hey, how you doin'? it hurts. this is what it can be like to have shingles, a painful, blistering rash. if you had chicken pox the shingles virus is already inside you. 1 in 3 people will get shingles in their lifetime. i wish that there was something i could do to help. the s