please welcome suze orman! [drums, guitar, & keyboard play in bright rhythm] ♪ ♪

please welcome suze orman! [drums, guitar, & keyboard play in bright rhythm] ♪ ♪

who better to talk to than suze roarm orman. >> joining us is suze orman. here.oining us. you are one of the people, we know your voice. you have a very recognizable voice? >> yes, i can have a hat, sunglasses. and be out. as soon as i start speaking. somebody goes, where is she. yeah, it is. >> so what is your voice say about where we are now with the recovery? it has been what five years? >> it's been, well, a long time to till yell you the truth. started in 2008. almost, 2015. say here on cnn, many years ago. here's what i say, real estate has recovered. it is doing well. your 401(k), stock market, great at this point. everybody is feeling better. credit has loosened up. people are able to get loans again. so overall i think we are doing just fine. >> but, there is big talk about income inequality. everyone is doing just fine. but it depend where you are. how well you are doing, correct? >> i will be the first to till you the rich are getting richer, the poor are getting poorer, there is no middle-class anymore. but given that, we're at least coming, you know,

i'm suze orman, and you are

they do a lot of stuff debate does, a lot of stuff amazon does, a pay system, a suze orman system, theyock on the chinese market place. this is a great company, this guy did a great thing. lots of caveat, so is and run. the corporate structure is crazy. jack ma pledging stuff. if you read the prospective like i did, it comes into the deal, all sorts of risk factors including a whole paragraph on how the chinese government runs the show and whimsical, they don't use the word whimsical but -- it put me to sleep. stuart: i noticed it didn't touch $100 a share, 98 -- i understand that. jack ma loss $1 billion. see what you did? but essentially you are saying it is a mac's retail investors who are chasing the stock. >> they want to be part of the action. might as well do it. bonds are unattractive one of the ten year is trading at, the checking account, you go and go out on the risk spectrum and you by the cayman islands based revenue pledge to buy jack ma co.. stuart: nicole petallides on the floor of the exchange, you are in a position to paint a picture of excitement. >> $99.70. you were

>> here with all the answers is suze orman. i mean my mom worked for years, she's able to retirement and they have a great retirement program, but a lot of people don't have that. >> here's the difference, years ago when you retired, you did, you got a pension, paid your health insurance, things weren't as expensive as they are now. today you have to fund your retirement, you have to pay your health insurance, today the cost of school, education, everything is so out of sight that if you do not start saving for retirement when you are young -- >>ish. >>ish. >> and vibrant and have a great job. >> you're going to really have to work. the other thing is we're all living longer, you guys. do you know that the average length of life was 65 when they first brought out social security? they never expected people to live long enough to collect social security. >> if you can wait until you're 70 to retire, and then start collecting, most people are going to have to work, this is not me with anything, i'm just delivering what i think is

suze orman will be here >>> nbc bay area news starts now. >> good morning and thanks for joining us,together and speaking only with nbc bay area's damian trujillo. damian, good morning to you. >> reporter: well, good morning. let's get one thing clear, this was a political event. this was organized by the police union to have them endorse the supervisor for mayor, but when you have four former police chiefs talking about public safety in san jose, it's kind of something you want to listen to. former san jose police

suze orman will be here >>> right now at 11:00, storms are on the way.terms of what we can expect. >> relax a bit on the thunderstorms we thought we would see as we were going to head into your afternoon and evening. we will maintain a chance of showers. we update the forecast. here is the line of thunderstorms. it's going to track clo