Skip to main content

tv   Your Money  CNN  September 14, 2013 9:30am-10:00am EDT

9:30 am
vo:remember to changew that oil is the it on schedule toy car. keep your car healthy. show your car a little love with an oil change starting at $19.95. thanks for watching today. >> "your money" starts right now. >> a war halfway around the world redefining president obama's second term. i'm christine romans. i'll be joined by a columnist for the new york times. can obama get out of the middle east. it was meant to help americans reeling during the financial crisis. president obama is making the case for military action in syria. a president accused of
9:31 am
apologizing for america and now touting america's greatness. here is what newt gingrich said during his run for the republican nomination during 2012. >> i stand for american exceptionalism. i believe in the declaration of independence. it is clear the president believes in socialism. >> this week, president obama cited america's exceptionalism as he made the case for action in syria in his address to the nation. >> when would modest effort and risk, we can stop children from being gassed to death and thereby make our own children safer over the long run. i believe we should act. that's what makes america different. that's what makes us exceptional. >> russian president vladimir putin takes exception with
9:32 am
president obama's claim of american exceptionalism. he responded in an op-ed entitled "a plea for caution from russia." quote, i would rather disagree with the case he made on american exceptionalism stating the policy is what makes america different. it is what makes us exceptional. it is extremely dangerous to encourage people to see themselves as exceptional. john king, it is five years after lehman's collapsed. guantanamo bay is still open and president obama is making a case to launch missile into syria. is putin somehow more in touch with the feelings of democrats who made this president a two termer? >> democrats are angry at putin although some share. george h.w. bush left a note saying you better focus on
9:33 am
domestic issues. a man defined himself as anti-war. now contemplating military strikes in the middle east. he was struggling in the presidency before this. he is in the second term. the economy is recovering, but not as robust as he would like. the american people are split on his leadership. the country is divide. you have the irs controversy. you have the nsa controversy. the president was in a political box anyway. then comes this. >> a war weary population. nick, the polls show the public favors focusing on a domestic general yagendpeter jenningagen. >> i think putin overplayed his hand. i wonder when you have an op-ed like this if it is written by putin or if it came from his press advisors. i thought it seemed authentic.
9:34 am
no advisor would denounce american exceptionalism in a message to americans. there was a backlash that weakened his case. he came across as very smart and very shrewed. >> many opposed to military action in syria. gun control and avoiding a government shutdown this month and creating jobs. does an uphill battle on rallying support put the president's domestic agenda at risk, john? >> a bit in the sense like washington tends to do one thing at a time. that is not right. it shouldn't be the case. it is often the case in washington. immigration reform was a huge question mark. he is trying to keep the government running. there is not on the horizon. there was supposed to be a grand bargain. he was supposed to get to the
9:35 am
entitlements. the president was going to get to the tax questions in our government that are such a big question. forget about all that. the president is trying to keep the government open and keep the status quo with the republicans who run the house of representatives right now and get into the mid term election campaign. his health care law is at controversy. now this. in an odd way, let me be an optimist after being a pessim t pessimist. after the syria debate, some of it is politics, but much is a debate about the power of the presidency versus congress. whether syria is in the u.s. interests. there have been public hearings. there have been conversations. if the members of congress disagree on the profound issues could have conversations on other issues, will it happen? >> the idea is if the syrian interests -- for many americans what is in their interests is jobs. that is what it comes down to. it is hard for them to focus on
9:36 am
the idea of the president and military action in syria. they want action on jobs, nick. >> yeah, i think frankly it seems to me if there is something that the back drop is a bit of a way of isolationism. we periodically have seen this in history. pew surveys show it in waves. it is the biggest they have seen in 50 years. i was struck by one survey this year when democrats and republicans alike agreed that the single area of government that should be cut the most is foreign humantary aid. the second choice for budget cuts is the state department and foreign service has had fewer members than the pentagon has had in its bans. these are tiny areas. this is a weariness with the world and weariness with
9:37 am
fighting. kind of compassion fatigue. if we will do nation building, we should do it at home. at the end of the day, i sympathize with it and share that view, but you cannot turn your back on the world or it will come back and bite you. >> i like to think that the nation can do more than one thing at a time. we have a host of things coming up. budget fights and debt ceiling and drama and what is happening overseas. they will be forced to do more than one thing at once. nick and john, thank you. have a great weekend. >> thank you. >> a nightmare scenario. the world's biggest oil producers dragged into the syria issue. backing the rebels and iran. are your gas and energy prices finally immune to middle east conflict? former energy secretary and u.n. ambassador bill joins me next. we will see if independence is finally a reality.
9:38 am
ican-style c tortilla. if you think campbell's 26 new soups sound good, imagine how they taste. m'm! m'm! good! do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps,'s taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet?
9:39 am
how did he not see that coming? at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.
9:40 am
vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition in charge™.
9:41 am
volatility is back. events are moving fast as a solution to divert a military strike on syria. both the oil market and stock market, investors on edge. fears of potential u.s. military action and instability pushed oil prices to a two-year high. some worry that the conflict could spread to neighboring countries. >> the nightmare scenario is if you have an all out middle eastern war that includes the pershing area. >> the threat of fighting the middle east brings up the images from the 1970s. cars stretched around the block waiting for gas. the u.s. is not as dependent on middle eastern oil as it used to be. america is producing more of its own oil. it is using less and that means fewer imports from overseas.
9:42 am
today, imports account for 40% of the oil and gas consumed in the u.s. that is down from 60% as recently as 2005. most of the oil coming in isn't from the middle east. in fact, the top exporter of the u.s. is that's right. canada. canada is the largest export. saudi arabia is number two. and mexico and venezuela and russia. bill is the former governor the new mexico and served as u.s. ambassador. so nice to see you, governor. the concerns about syria, it brings the images back. how does this bring back the calculation for this president? >> short range middle east instability. the volatility will increase oil
9:43 am
prices with higher prices at the pump. the base is strong. long-range looks good, but short range, this instability is a problem not just for a producer country like us, but consumer. europe and japan. >> the president has made this u.s. energy independence. he made that a key goal. i want to play something he said during the state of the union. >> today, no area holds more promise than investments in american energy. after years of talking about it, we're finally poised to control our own energy future. >> at the same time, he is infuriated republicans by the delay of the keystone pipeline. keystone pipeline, yes. attacking syria, no. obama has it backwards. i ask you, does another potential middle east war make the case for more domestic
9:44 am
energy production put pressure on the president to approve keystone? >> no, i don't think it is related. i think what we have is a dramatic increase in shale gas and natural gas that is going to cover us. that will make it okay. the president can make a keystone decision independent on that. the supply is going to be sufficient. what i think is happening in this country, which is positive, is again more oil and gas extraction, but also a dramatic growth and renewables and solar and wind and bio-fuels. the standards for gasoline. electric cars. >> you were u.s. ambassador to the united nations. how would you deal with syria? >> i support the president. we should proceed with the military strikes. at the same time, there is a diplomatic solution, yes, i'm very skeptical of russia. i'm very skeptical of syria. i think there has to be international inspectors in a
9:45 am
diplomatic solution. not political inspectors. very technical. i think it has to be comprehensive. across the board, the longer range is this man assad is not good for the international community. >> public opinion is not there to support a strike. you look at the polls, public opinion is just not there. >> we are war weary. iraq, afghanistan, people want money spent at home on education and job creation. i don't blame them. at the same time, we have international responsibilities. it does affect american national security. it affects israel. it effects the region that you mention is critical in terms of energy supply. united arab emirates. saudi arabia. europe receives a lot of the oil. japan. america is still the inn dispensable nation. we have to do the stuff that nobody else wants to do because it is our international
9:46 am
responsibility because of our size and power and moral leadership. this is a human rights issue. this is a war crime. these strikes were limited. we are not getting boots on the ground. it is extremely extremely volatile. >> governor richardson, thank you for joining us. coming up, what do you think of the new iphone? and what is with the finger print sensor? how secure is it? we fire up the iphone next. you? that's how it works. you take some tums®. if heartburn comes back, you take some more. that doesn't make any sense. it makes plenty of sense if you don't think about it! really, honey, why can't you just deal with it like everybody else? because i took a pepcid®. fine. debbie, you're my new favorite. [ male announcer ] break with tradition, take pepcid® complete. it works fast and lasts. get relief from your heartburn relief with pepcid® complete.
9:47 am
get relief from your heartburn relief lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire more than three million people to rediscover the joy of being active this summer. see the difference all of us can make... together.
9:48 am
9:49 am
in less than 140 characters, twitter announce it's filing to weekend a public company and sell shares to the public. but this filing is confidential. the mike row blogging site is able to keep it private under a provision of the jobs act because it makes less than $1 billion in revenue a year. twitter will have to make some of the information public 21 days before it starts pitching the stock sale to investors. and with the recent run-up of facebook and linkedin, it could be the next hot property.
9:50 am
but the week in tech belonged to apple. biggest day of the year for apple, how one analyst described tuesday's event. it was a colorful launch, for not one but two new iphones. by wednesday, apple shareholders were seeing nothing but red, though, as the stock dropped 5% and some responses on social media, they weren't so bright either. but still, this is apple we're talking about. here it is in a highly anticipated event in california. ceo tim cook unveiled apple's newest flagship device, the iphone 5s. the main features? it will come in three colors -- silver, gold, and space gray. it has a new a7 chip inside, which apple says makes it twice as fast as the previous iphone. and improved camera features a better image stabilizer and bigger flash, and as rumored, a fingerprint sensor called touch i.d. >> the history of fingerprint
9:51 am
sensors on notebooks isn't very good, but this is a different technology. until people have a chance to use it, that will be the big question. >> reporter: one of the best features? pricing. the new iphone 5s stays the same as previous models starting at $199 for the 16 gigabytes with a two-year contract. apple unveiled a new cheaper model, the 5c. it's made of plastic with a four-inch display, comes in a rainbow of colors -- green, white, blue, red, and yellow. the 16 gigabyte model is just $99 with a two-year contract. online reaction was mixed. one tweeter posted -- iphone 5c made from hard-coated polycarbonate, fancy name for cheap plastic. another asks, when can i get my fingerprints on this thing? the new iphones hit stores september 20g9. there's a lot of buzz online about the fingerprint sensor. in particular, zane arbor is here to take us through the details. what if you want someone else to access your phone, like your spouse, or you want to be able to read your teenage daughter's phone material, for example?
9:52 am
are there, i would say, caveats for that? >> yes, absolutely. you can actually register more than one thumb print. if you want your husband or wife to have access to your phone, that's not a problem. secondly, you can actually bypass the sensor. you can opt for a traditional passcode instead. apple has thought of all of the things. >> the other thing they talk about with security, how vulnerable will this be if the sensors can be hacked, to cyber thieves? >> you have to remember the thumb print will be encrypted and stored on the actual phone in a chip on the actual phone. it won't be stored on apple's server somewhere or somewhere in the i cloud. >> is it a safety upgrade then or just a different way to protect users? >> it's safe to say this is probably more about sales than it is about safety. you know, i spoke to one who said the sensor will be more secure than a four-digit pass code. the pass code has 10,000 possible different combinations, and if a hacker was going to go through every single one of the impenges, it would take them about 15 minutes to break into your phone. right? on the other end of the
9:53 am
spectrum, a nine-digit pass code, it would take a hacker going through every different combination about 2 1/2 years, right? a thumb print sensor probably falls somewhere in the middle. >> and the nine -- the nine-digit pass code is something i will forget over and over and over again. >> you can use that on your iphone. i don't think people know that. you can do a 10, 20 -- i was playing around with it last night. >> oh, okay. the post it note where that's written -- no, no, don't do that. it's not safe. what do james bond, victoria secret, marijuana have to do with your money? that's next. ne, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button?
9:54 am
♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. [ male announcer ] have the right partner at your side. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. go long.
9:55 am
we know in the cyber world, threats are always evolving. at first, we were protecting networks. then, we were protecting the transfer of data. and today it's evolved to infrastructure... ♪ and military missions. we're constantly innovating to advance the front line in the cyber battle, wherever it takes us. that's the value of performance. northrop grumman.
9:56 am
you raise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know you do so much more. tylenol®. are you going to an nfl game this season? bring some extra cash. here's the score. the average nfl ticket price is up 3% from last year. that's according to team marketing report. the new england patriots have the highest average ticket, $117 a ticket. the cleveland browns have the lowest at 54. that's not even enough to park at a dallas cowboys game. the price tag?
9:57 am
$75. that's the highest in the league. 75 bucks to park. the most expensive beer, redskins, rams, and bills fans, will have to shell out nine bucks for their brew at the home stadium. but the $5 beer is making a comeback, including jets and giants here in notoriously expensive new york. finally, consider this. the median household income in this country, $50,000. that's for the whole year, right? floyd money mayweather earned that in 3 1/2 seconds of his fight this weekend. that's if you spread his purse over the 12 rounds it's scheduled for. that's all guaranteed, win or lose. he'll also get a cut of the pay per view profits which will likely mean millions more. obamacare opponents are invading times square this week. the right-leaning heritage foundation unveiled a six-story billboard in times square in new york. it reads, warning, obamacare may be hazardous to your health. the warning comes at the obama
9:58 am
administration touts state insurance exchanges, enrollment starts october 1st. my prediction? you have not seen the end of the big-money lobbying against obamacare. stay tuned. for more stories that matter to your money, give me 60 seconds. it's "money time." from crisis to bailout to billions in profit, five years after the financial meltdown, citigroup bailout is officially over. and congratulations, taxpayers, you made a $15 billion profit. who replaces ben bernanke? it's widely thought to be a heavyweight fight between janet yellin and former treasury secretary larry summers. the latest haymaker, a letter signed by more than 300 economists urging president obama to choose yellin. from fast food to walmart to women's underwear, part-time employees at victoria's secret flagship store in new york city joining the fight for more pay. the result? the secret is out, the workers won raises across the board. the latest so-called hot investment could leave your portfolio up in smoke.
9:59 am
online offerings of stocks related to all things weed are everywhere. the federal regulators are warning consumers to be on the lookout for scams. remember this submarine car used in the james bond movie "the spy who loved me"? imagine the surprise -- ah! for one lucky couple who found it in a storage locker they bought in a blind auction for $100 bucks. the car sold for $920,000. wow! $920,000 for $100 investment. that's a lot for most of us. it's a lot of money unless you're a big-time nfl quarterback like peyton manning. get ready to watch eli and peyton face off in the manning bowl, head to our blog at, and i'll tell you about the business of being a big-time nfl quarterback. coming up on a brand-new at 2:00 "your money," five years after the financial meltdown, is your money any safer? did wall street win? that's coming up at 2:00 p.m. up next on "cnn newsroom,"


info Stream Only

Uploaded by TV Archive on