32 Burst results for "Jill Schlesinger"
WTOP
"jill schlesinger" Discussed on WTOP
"In home estimate. It is ten 11 at WTO P. And time for money news at ten and 40 past the hour, here is Jeff clay bomb. He's making an acquisition to counter waning sales of its COVID vaccine paying $43 billion for antibody cancer treatment developer segan, seeking treatments include new ones for lymphoma and cancers that have spread. Gas prices have been rising, but you're still paying a lot less to fill up than a year ago. Triple a mid Atlantic is the average price is now $3, 47 cents a gallon, 8 cents more than last week. A year ago, gas averaged $4 31 cents a gallon. The restaurateurs who were on D.C.'s ivy city smokehouse and Tony and Joe's seafood in Georgetown are opening a new restaurant in northeast D.C.'s dean wood neighborhood. The Washington business journal says it'll be part of a redevelopment of the strand theater and include a second floor speakeasy. And just a few minutes into the training day, the Dallas shaken off early losses. It's now up a 104 points. The S&P 500 Index is up four, the NASDAQ's up 40, Jeff claypool, WTO V news. Just ahead on WTO President Biden laying out his plan, the government's plan to respond to stop potential banking crisis. We're going to talk about that coming up here with Jill schlesinger with CBS News just ahead here. The analyst for a CBS News just ahead. It's ten 12. Money news, brought to you by wawa. Wawa panini flavors are getting even bolder, like buffalo chicken, with creamy Mac and cheese. Try a new bold panini today. Gotta have a wawa. Here's Kevin Kelly, chairman and CEO of arc field on adapting to an evolving battlefield. So we see the government focusing rightfully so on upgrading the overhead systems providing new capability launching new satellites. You think about what a well funded adversary nation state backed adversary has, they have stealth aircraft. They have hypersonic missiles. They have submarines. The different environment, you have a much shorter time period to make decisions to detect, to defeat an adversarial weapon than you did. Standpoint, you need to be able to do more processing in space, more dissemination in space. You need autonomy in space. Some of those systems didn't exist 20 years ago, so there's a heck of a lot of engineering going on to make sure that we have the most modern systems. That's Kevin Kelly, chairman and CEO of arc field for more of this conversation, go to federal news network dot com, search arc field. When you hire your local
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"I had paid for by complete car dot com. This is a special alert to all Americans who own a vehicle with less than 200,000 miles with an auto warranty about to expire or with no warranty coverage at all. Due to the covid crisis, we are announcing a low cost extended service plan that is now available to the public to save any driver out of pocket expenses on auto repairs. Call now to find out how you can pay nothing for auto repairs. Yes, you heard that correctly pay nothing for auto repairs. An open phone line has been established for all drivers to call for a free quick quote, call 805 49 19. In 85. Now drivers who are covered by this auto protection will not have to pay for a cupboard Repair bill again. This auto coverage has had an all time low, much lower than what dealerships are charging. Additionally, drivers who activate this auto coverage today will also receive free roadside assistance free towing and free rental car at no additional cost. Call for your free quick quote today. 805 49 1985 805 49 1985 What do you have to lose again? 805 49 1985 The pandemics reminded us we live in a sea of airborne germs that can assault us with every breath. Your nose is the body's first line of defense by helping filter out allergens, bacteria and viruses before they reach your lungs. But like any air filter, the more clogged up, it gets, the less it works. So how do you clean your nose? I'm Martin Hoke and I didn't invent nasal irrigation. The neti pots been around thousands of years, but I did invent Nevada's to make cleaning your nose easy. Nevada's uses powered suction to flush out The mucus and germs that cause congestion or worse can make you sick..
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"To jail on money where just messenger takes the mystery out of your finances your back. It's Jill on money, and we are the program that takes the mystery out of your financial life. You know, we've learned a lot Mark and I have for sure about the college loan experience through this program. I never had college loans. I was quite fortunate market affordable college loans that he paid. It off himself. And the whole world has turned around. And what we've also learned. Is that a lot of the government loans and that's the majority of student loans that are out there. They have some really interesting features. And some of those features are not exactly, uh how shall we say understandable to the mortals out there? You have to really dig deep. And then there's this idea, and we keep hearing from people out there like well, wait a minute. I heard that there's going to be some overall loan forgiveness. So in this next part of our interview with Beth Akers, we're going to talk about loan forgiveness and whether or not That is a good thing. So here is the conclusion of our interview with economist Beth Akers. Let me ask you a question that you don't necessarily I don't think you address this in the book, although I will admit you that I was reading it at very wee hours of the morning. Tell me a little bit about your opinion around the loan forgiveness debate that's going on in D. C. Yeah, So this this book, I really tried to write for an audience of people who are trying to make this decision and and stay away from the my day job stuff, Which is this political commentary, But the answer to this one is very clear. I absolutely hate these huge student loan forgiveness proposals that the far left has been floating for the fat past few years, so I will give credit to Senator Sanders and Senator Warren. They have succeeded in shifting the public debate about higher education so far. To the left in the past five years. It's really incredible that people are talking about the idea of a student loans you, Billy. I'll tell you two reasons. I don't like it. One is that a lot of very high income borrowers will be the biggest beneficiaries. If you think about who borrows a ton of people who go to graduate professional school lawyers, doctors, these are high income people. They have large dads, but their income more than offsets how much they eventually will have to repay. So those are the biggest beneficiaries. The people who are in default, most often with their student loans only have about $5000 in debt. So we're paying these huge, huge huge grants to people who don't need them in order to help out these people who we could really help out with a much smaller reward. The second reason is that we will be simply creating more of a problem for ourselves in the future. So you know, I'm already telling people borrow as much as you can. Right. Don't spend your cash on college. So If we have to pass a loan Jubilee this year white boy. Everybody's dead, and I personally would be advising people say Okay, when you think about how much you're willing to pay for college, you probably want to take into account the idea that there is some probability that you're going to have your debt wiped away again, with the political pressure put on politicians to have another student loan Jubilee. So I mean, not everybody is going to act on that. But some will and I think it will shade everybody's borrowing up A degree institutions will say, Oh, great. I can charge a bit more or the increase in demand that it causes will allow that price increase to happen. Um, and then we've just made the problem worse for ourselves. So so now you're not just a student loan denier. You're a killer of but you know it's interesting. I'm really popular at cocktail parties. I have to tell, you know, really. I mean, really, the liberal hovels of the country. You know what's interesting, though, is there is there case to be made for getting loan forgiveness for some of the More agree GIs and nefarious actors. Lo Yeah, right. So that you're not saying you're saying just this abroad based wipe the slate clean Magic wand note. That's not on Beth to do list exactly, you know, And I love that we have the income driven repayment system because In our economy. We rely very heavily on education as a mechanism for social mobility. But it's a self finance system, meaning you have to put your own dollars on the line to get through it. And so I think it is important that we have a safety net so that people don't have to risk life and limb in order to advance themselves economically. I love that We have those programs, and I do want to help people out who invest in a degree, not knowing that it's not going to yield an economic return to them or people who, you know. I went to law school. Then they find they've got crippling migraines when they're trying to do the work, and then you do something else. It's unaffordable. So anywhere I'm compassionate to all these cases where something just needs to happen to help us person. In fact, I think we need to make a change to allow people to discharge their loans in bankruptcy, which is currently not allowed. So I'm all for, you know, very specific instances. Getting people off the hook when they really do need this help, but that broad based forgiveness is just not the right way to go about it. We just feel differently if it were income tested. Oh, yes. I mean, that's essentially what the income driven repayment program does its income tested when you get to pay reduced payments if your income is sufficiently low relative to how much borrowed but it's also has the added characteristic of measuring income over a long period of time. Because we know that when people graduate, maybe their first job isn't one that's maybe in their fields or They start out as a brief star. Something right? That's the classic New York Times example of a struggling student borrower. But then you know, if you follow those people over the years, they end up doing just fine. And so it does take sometimes a couple years for someone to kind of get a foothold in their profession, And so I think it makes sense to say Okay, let this loans aren't affordable to this year or maybe even next year. But let's see what happens over the course of time. And if it ends up that your degree pays, and I think it's reasonable for you to.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"News If you've been wanting to try Viagra or Cialis now is the perfect time Call today and received 90 little blue or little yellow pills for only 1 19 with free shipping. Why order some low dose sildenafil from one of those subscriptions. Services when we can give you what you want now, call 807 11 68 18 and we'll rush your order discreetly packaged to your door. Didn't thinking about trying Viagra or Cialis. Call us Pharmacy at 807 11 68 18 for his little as only 1 19 for 90 pills. Need your package in a hurry, Call 807 11 68 18 and ask about our express shipping options and we'll rush your order to you as soon As possible. Save money on this little blue or yellow pill. You've been wanting to try again. 807 11 68 18 Now that's 807 11 68 18. If you're suffering from cold flu or covid symptoms, you need an accurate temperature. Reading as quickly as possible. Fever is a leading symptom of both the flu and covid 19. So the sooner you rule out the common cold, the better then seek medical advice on whether your fever means it's the flu or the deadlier covid 19 accuracy matters. So use the extra Jin temporal scanner, the same thermometer used by medical professionals millions of times a day in hospitals and clinics to accurately detect fever. Learn more at extra jin dot com. I never thought I wanted an engagement ring. But when my boyfriend and I started making plans for the future, we decided to visit Shane Company. We couldn't believe their huge selection of unique rings, all created by the designers that Shane Company halo styles. Vintage looks, floral designs. There were just so many to choose from. Our jewelry consultant showed us one of their new French pave earrings. Oh, my gosh! I tried it on and I knew instantly it was the ring for me a simple band covered in diamonds for the center stone. I chose a stunning oval shaped diamond. I was surprised I was drawn to such an elegant ring. But wow, it was just so beautiful. I couldn't get over all the sparkle. Then we looked at wedding bands. I found a gorgeous band to complement my engagement ring.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"And this one is really interesting because we have Aaron on the line from Tennessee. She's a newlywed and newly reds. Time to get off on the right foot. Erin Hi. How are you? Are you excited for the wedding? I mean, we are talking to you. And it is three days before your wedding. Yes. I'm very excited for it to be over and for us to really What do you mean over? How long have you been planning? Is this one of those delayed covid weddings? That's not actually we got engaged in December when we were both covid positive, So it's not been a very long engagement. But I'm just ready for all the holding. Hold on. Both had covid good. Yes. And you were with one another. You were quarantining together. Yes, we were. And that was the romance that that was it. It was like, Oh, my God. If we can get through once in a generation pandemic together, get the pandemic itself, survive and not kill each other. We're meant for each other. I would love to think it's that romantic. But I think it was more that he wanted to get engaged before Christmas. And we just happened to come down with Covid before Christmas. And he needed to get it out of the way. Oh, you poor things. I'm sorry. So all right. So just a quick question about this, You know you sound pretty young. So how old are you? I'm 32 38. How were your symptoms? Were you horrible? It was not fun. It was not like any other sickness I'd ever had. It was just a very prolonged That's that's really all it was was a prolonged fever and cold. I'm sorry to hear that. Alright. So now tell us a little bit about yourself and what brings you to the program today? My fiancee's self employed. He's not offered a retirement plan where just recently starting to Max out of wrath for him. He didn't have any kind of retirement before I met him, So I'm just feeling a little bit behind. I know he's a little bit behind and just interested in learning about what more we can do, uh, to save for his retirement and our collective retirement. He's self employed to see if any employees or is it just him? No, it's just him. He's a freelance journalist. How much does here? Well this year he's on track for about 70. And this will be a pretty much his best year that he's had. And how about you? How much do you earn? I earn about 55. Do you rent or own your your house? Are we own it? I purchased this house before I met him about five years ago. And we have a very much mortgage We owe about 100,000 on it. Oh, that's good. What's it worth? I'd say 2 40 is the mortgage at a reasonable rate 3.5 on your joint cash flow. I presume things are okay, because you've got a reasonable mortgage any outstanding debt? Nope. No debt. And what about you? Do you have a retirement plan through work? Do I work for a nonprofit? So I've got a 43 B and I've just been contributing up to the match ever since I started, so there's about 50,000 in there. So is that is the match like 6% ish? Yeah, it's um 50% up to six. So it's a three in that. That's good. Do you have a Roth option through your employer? I do not. Okay. Are you also doing a Roth or or do you do that? I have a Roth and I also started to Max it out this year. Just this is the first year. Wow. So you're doing six grand in your Roth? You're doing your 6% contribution to your 43 B. He has started putting money into a Roth IRA at Yes. You said maxing. Right? Sixth grade. Okay. Great. No debt. Any emergency reserve like a safety? That for you guys do we have quite a bit of cash because we're actually hoping to buy another house and keep this one. So we've been saving for quite some time. So we've got about 45,000 just for that. And then we have between us. Probably about 20,000 otherwise. So tell me about why buying another house makes sense for you at this point. Well, this house we live in is very small. Um, and we're thinking about the future. We wanna probably have a family and the nature of his work is also he gets a lot of gets a lot of things to kind of review things that he is going to maybe potentially right about So we're constantly just getting stuff and we're having a hard time finding places to put things. Mm. So we just need a new house for my stuff. I know that sounds awful. Oh, it doesn't. I hated it. But, I mean, why not just roll what you have into the new house and do that? Yeah, I think we both are just thinking ahead and especially him. He's thinking about our future and like having a rental is a really good way to generate future. Income. Maybe I don't know. We've thought about that. And the market here is so crazy that we may not be able to even find something. Well, that's what I'm thinking. Yeah, you know, I'm thinking that, um Nashville is one of those markets that's like, rocking and rolling. And have you looked for what you would want to purchase. Like what The price range would be. That would get you into a larger house. Yeah, we're thinking Between 3 25 and 3 75. I think that's probably our Max. I don't want to be, Shelly, but I just want to do the simple math with you. You've got about 141 150 grand right now. Inequity. You want to buy $350,000 house? And I'm just going to say that once you told me 3 53 25 to 3 75 mind brain went immediately to 400 Which would mean that you need you know $80,000 as a down payment, right? You have $80,000. It's just stuck in the equity of your current health. And if you were to, basically by this next house now by selling your prior house, not only would you have the equity, but you'd also have the money. You probably need to decorate and move and pay for that and and be all set. I think that's a better idea than renting because you guys are young. You're going to have a family. You want rental income like I want you to have some liquidity. Also, I don't want you to have all the money tied up. And my fear is that as you start saving for another home, which is great, you're doing that. You know, but to do what you need to do, I would much prefer you start socking away more money for retirement than have you sit in an illiquid investment called rental property. We'll get back to our conversation with Aaron. And just a minute. If you would like to ask your question. Just send us an email. Ask Jill at Jill on money dot com. We'll be right back. The pandemics.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Listen to it could happen here on the I heart radio app or wherever you get your podcast paid for by NPM, not attorney spokesperson ATTENTION. This is an important message for anyone diagnosed with Parkinson's disease after being exposed to paraquat or other similar herbicides. Paraquat is a chemical commonly used by farmers and those that work with or apply herbicides. Residences near agricultural sites are also at risk for exposure. Scientific research showed that exposure to paraquat close to a residence increased Parkinson's disease risk by 75%. Numerous additional studies confirmed the link between paraquat and increased risk for Parkinson's. In fact, paraquat has been banned or limited for use in many other countries around the world. If you are loved one was diagnosed with Parkinson's after being exposed to paraquat or other herbs. Sites and suffered side effects. You may be entitled to significant cash compensation call us today at 805 14736 to our experienced attorneys are ready to fight for you and you'll pay nothing unless there's a recovery in your favor. Call 805 147362 again. That's 805 147362. NewsRadio, 8 40 w H A s Do I invest here? Should I put my money there? Jill Schlessinger can help you back to Jill on money. You're back. It's Jill on money, and we are here to answer your Financial money career.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"+33 66 +05 That's 805 +33 66 +05. Great job, Mr President. It's a great job. We're doing what we're what we're doing is it's this labor day, remember? No, sir. I meant you're doing a great job. If you can. Look, we're creating jobs with this plan. Our job is to keep you informed. It's a good plan, sir. With what you need to know people play mad about the not just what you want to hear. Absolutely not your job approval. It's It's good news radio 8 40. W. H s Following President Biden's visit to New Orleans Friday to tour the damage after Hurricane Ida White House senior advisor and leader of the Eid a recovery effort in New Orleans. Cedric Richmond, saying on ABC s this week that the president wanted to see for himself where federal assistance should be directed, including a one time payment of several $100 to nearly 31,000 households in Louisiana. Part of why we're here. Is. We want to know what real people deal with, and that's a $400 expense of $500 expense to replenish or refrigerators, So we want to make sure that's just a small example of what we're doing. We want to make sure we're meeting the needs as people encounter them hundreds of thousands still without power in Louisiana, the utility says some lights maybe not back on until the end of the month. A judge's temporarily shielded some Texas abortion clinics from being sued by the state's largest anti abortion group under a new law banning most abortions. Facebook has apologized for putting a quote Primates label on a video of black men that, according to The New York Times, Dave Pack, or ABC News. Hey,.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"One bank. Virtual Studios Capital one. This is banking reimagined. What's in your wallet? Yes, we are in the midst of a conversation with our friend Brent Weiss. He's from facet wealth, which is the sponsor of the Jill on money show this year, and we are absolutely delighted to have him because he always gives us a little bit of Interesting feedback. We hear it from what he sees through his client's eyes and also what he is seeing through his professionalized as a certified financial planner. So in this part of the interview, we were wondering what lessons we can take from the pandemic Horrible times. And what we can bring to our lives today. So here's more of our interview with Brent Weiss. How do you think people need to take what just happened to all of us and apply it to their financial lives? The number one thing I know that I've learned in 2020 for myself and for all of our clients is that we have to focus on what I'll call our financial foundation. What we realized in 2000 and 20 is that this this health crisis exposed some cracks in the in the Financial Health Foundation. If you will. Of a lot of American households out there. Now. What is that foundation? That foundation starts with having positive cash flow right now, like spending less than you make positive Castle me discretionary income to put towards the things that matter most to you in your life and your longer term financial goals that's like the that's like the nutrition that feeds the system right into your financial body Number two building an emergency fund. I think we saw a lot of people at first, like, Oh, jeez, Maybe I didn't have enough money. To get me through a three or six month period of income disruption or income loss we've seen, I mean record levels of unemployment still at record levels of unemployment number three really hammering down or getting rid of bad debt. The biggest issue the crisis that's coming now as a student loan crisis, right 1.6 ish trillion dollars of student loans. But people are like credit card debts, a problem personal loans, really making sure that you get rid of that bad personal debt, right? And the number four, which is I'm going to say is, like the least sexy thing that I'll ever talk about is making sure that you and your family are protected. I think we need to make death and estate planning sexy again. Okay, never was sexy, but you know what I'm saying. But I do believe that we just need to, like, stop with this and said I know no one wants to think about death. Well, tough luck. You're an adult. You know, sometimes you have to do things you don't want to do. We need to change the way we talk about that. I really I'm so so 100% clear that people one thing that they can take out of this is like, Hey, you know what? Make sure That your health care proxy is taken care of. You never know what's going to happen now that well, And for a while. People are not going to, like, roll their eyes and be like, Oh, no, because they're going to say, Oh yeah, I really don't know that. So here's actually And if we want to talk about sort of New year's resolutions or how to make it sound different the way I talk about it to my clients is don't think about it is executing your will. What I ask my clients is what matters most to you. What are you trying to achieve Their You know what? I really want to make sure that I'm financially secure all that, But like I'm taking care of my kids and my family. Well, okay. You know how we do that? Let's make sure you have your state funding documents. It doesn't have to be hard. It doesn't have to be. I get it. It's not fun. But really, Here's a key question. I ask every one of my clients chill. What is the most valuable asset you have. Everybody goes Well, it's my home. It's my four. When can I go? Well, let me let me start using Echo. It's you. You're the most valuable asset. You're the You're the breadwinner. You're the one generating income. You're the one taking care of your family. Go. Wow. I never thought about it That way I go. Let's make sure we're taking care of you. Right? And this is this is little things like your employee benefits your health insurance, disability insurance, life insurance, making sure that You and the ones you love are protected. Heaven forbid something happens to I know. We hate talking about that, but really important parts of your financial foundation And then from there, we can talk about the more fun stuff of Hey, Now, let's talk about investing. Now. Let's talk about building wealth. Now let's talk about creating a legacy. For generations to come. But we have to focus on that financial foundation before we should take the next step and focus on the larger wealth conversation down the road. How do you I mean, once you've gotten people to to sort of manage that financial foundation or at least pinky swear with their advisor, that they're going to do that, Okay, once you get them to do that, What's the best way to try to stick to it? I think that that's where people Find themselves at a loss. Like okay, it's January. I'm ready to do this. I'm ready to like, walk more. Eat better. I'm ready to manage my financial life now. Let's go fast forward. It's 56 months from now and hopefully God willing, The world has opened up and now it's like I want to travel I want to do. I want to spend on one and then and how do you get people to stay on track? Here's what I know. Improving your overall financial health is about a healthier lifestyle..
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"If you're a home buyer is probably enough cash to keep up with the price increases. It's been pretty crazy in the housing market over the last year. Certainly things at least activity seems to be settling down prices. Not so much. The housing market has really gotten so many of you really freaked out because you think, Oh, I really want to buy a house. I'm in a position to buy a house. I've got the savings. I can do it and then you run around and you start looking at all these houses and You get outbid their cash offers. There are people waving the engineer's inspection. That's a terrible idea. I would never do that. Um, And so I think what is really important is to kind of parse what is going on in this housing market. Is it the pandemic that accelerated trends that were going on prior to to this period? Have we seen something new happen in the housing market? Well, we're going to figure this out because our guest is Diane swamped the chief economist of Grant Thornton, and she says the housing market really is in flux. Here's the rest of our interview with Diane Swonk. A lot of our problems is not having affordable housing. There's a lot of the zoning laws that we see in cities that actually are against that work against climate change that make things less dense and more urban sprawl and, you know, even having two and three flats in a city. It's banned in many places now, which is what many, many cities beautiful. Actually, And that was a way to get people into home ownership and also they could rent it out to one of their relatives or just someone else. They could live above someone there went into all of those dynamics. You know, we're derailing the path to building wealth, which is really important and also, we're not building enough affordable housing because of these local zoning laws, so Housing market. You know, it's already calling on its own because prices its own equalizer, and even at these low rates, it's gotten to be ridiculous. That doesn't mean we won't see some of the show up and and inflation it will. It comes in a weird way in the inflation numbers, and it takes a while, but it does show up, and that's why I'm a little warm run inflation. And some as we get into 2022 than others as we get into 2022, but I think you know this is something that you really have to start thinking about is you know a lot of baby boomers are. Finally sellers thinks this is the best time to list. Yeah, Finally, they're finally list. Um, and buyers say it's the worst kind of by since the height of the pendant, you know that will equalize in things. I mean, obviously, but But it is it. Is it fair to say I mean, we often will get questions from people who are like, Okay, I've been outbid 25 times. Is it fair to say like rent for a while? Chill out, See where we are in a year. Yeah. I mean, like, it seems crazy to to enter this morning in a frenzy, And I think all the urgency. I mean, we know that you know, the low mortgage rates unleashed what was really a huge amount of pent up demand for first from first time buyers that hadn't yet bought it, And then they needed space all at once, right and it created an urgency. And that urgency is abating. You know all of a sudden the minute very home. What do you buy? You buy a car? They go 12. They go together, and you know all that urgency really had distorted the markets. And you know the market couldn't clear in the period of time it needed, you know, and then also people was sucking up. You know, they started and they bought big cars and Pickup trucks are the thing Now, you know it's a lifestyle thing. They don't even use the back of the pickup truck. But they want to tell their boats because that was how they spent their pandemic and quarantine work from home hybrid work here to stay or may be jumping the gun on that trend, you know, Um I find it interesting, so it will be here for a while. And the question is, you know how will it evolve? And I think people are looking at as a revolution instead of an evolution. We you know I was in. I have to tell you in my office. You know, they had flexible, um, time on Fridays and you know, because I had economic data coming out on Friday, my team had to be there. And so we were there on Fridays. But, yeah, you could roll bowling balls around because people were working effectively from home and an increase their productivity one day a week working from home instead of being in the office. That's a little different than what we all had to do in the middle of this crisis. Work from, you know, I live from work instead of work from home, I think is where the way I think of it, and I'm six ft. Away from my full TV studio in this office Right now I'm sitting in which was once my daughter's room, and she's upset that I Reclaimed it and redecorated it. It really is an interesting issue because I look at the tech behemoths and I look at the financial CEOs and they're all the ones the first ones that are snapping up space in real estate markets and places like downtown New York. You know, it's because what do you lose? You lose the mentoring and networking that you needed your long young people than I was. And you wonder why they're being poached when you know we've got people have never been in an office before. With them, you know, But what do you think about David Solomon of Goldman Sachs. James Gorman from Morgan Stanley that they've come out really kind of hard core and so like, I don't want to see people in restaurants. If they're you know if they're not in the office, I'm not an agreement on that side of it. I think I think we've got some hybrid of work from home. I think we're going to find that it's really hard. To get all the people we need to get into people in office at the same time, Uh, I also think we figured out that some things are actually done better, remote and virtual. If you've got a housing market question, If you're in the real estate market, you're buying you're selling. We don't care. Shoot us..
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Or are you more than $10,000 in debt Feel like you're on a never ending treadmill, staying in one place and never getting ahead with those minimum payments. You feel like there's no way out. Don't let the credit card companies bully you anymore. There are programs in place to help you get free of your debt, and you don't have to pay the entire amount you all the program at total financial freedom can help you get dead free and months instead of decades, Get off the debt treadmill and stop the harassment get free of credit card debt signature loans. Department store cards, Internet loans and medical bills. Call Now at 805 33 66 05 for free information for about 10 years, Total financial freedom has helped thousands. Their A plus rated by the better Business bureau to get off the endless cycle without having to declare bankruptcy. You'll have the right to settle your debt for a mere fraction of what you owe called total financial Now at 805 +33 66 +05 That's 805 +33 66 +05. If the pandemics taught us anything, it's that the easiest way for germs to get into your body is the knows we all know how to wash our hands. But how do you clean your nose for over two million Americans. The answer is no voyage. Nasal care, nervous uses powered suction to flush out allergens, mucus and germs that cause congestion, colds and flu so you can breathe better sleep deeper, snore less and feel healthier. Better yet savages all natural and drug free. That's why one of America's top respiratory hospitals recommends nasal irrigation to stay healthy, explaining that bacteria and viruses thrive in warm and moist environments.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"The business. Diane strong. She's the chief economist at Grant Thornton, and we sort of now know the economy overall, doing really well group out to grow at the fastest pace and At least since 1980 form, maybe in 70 years. That's pretty amazing, but, you know, we've heard so many stories about the job market about employment data, and it can be confusing because you know you have a whole bunch of people who say I'm out of work, and then we have a whole bunch of of bosses and employers who say we can't find work. And so that paradox is something that's kind of sitting on top of the employment landscape. At least in the short term, you know, Mark. I always thought that maybe if this were happening in the middle of the winter, it wouldn't be the same thing because I think a lot of people are kind of feeling like, you know, and I'll just take the summer off and then I'll jump right back into that labor pool any old time. But you know, we do have More than two dozen states who have curtailed the participation in the federal extended benefits and maybe that's going to change some things. We've got an experiment going on in real time here, So let's talk about this labor shortage. Here is the second part of our interview with Diane Swamp when we hear this term labor shortage Is it real or not? Like how am I supposed to take that term in if you go and Google search by the way, it's a massively searched upon terms. So yeah, What do you think? You know, labor shortage. If you actually look at things like leisure and hospitality, and we say we've got record job openings right now, well Yes, we do. But leisure and hospitality They got about 1.6 Million or so. 1.5 Million job openings right now, yet we lost 2.6 Million jobs. Mm Claire, We're missing something. Yeah, in professional services. Um and I've had to deal with systems, my own farm. We have our listing about 1.5 million as well. Job listings. We have lost 700,000 jobs since February. Um, and accountants not only have seen their jobs come back and recoup what they lost in the crisis, but accountants are soaring. The trend has just broken up previous trends and they're hiring accountants up like crazy and that's great for them. But remember, this is all at the same time that a lot of kids that were graduating. They differed or delayed their graduation because of the move to online. They also couldn't get their C P A licenses. Because licensing got delayed and deferred because of the move to online and not in person testing. And so you've got all these things that you kind of look and there's colleagues in the in the wheel in terms of getting workers matched to employers. There are some labor shortages in saw Mills right now. There's actually a labor shortage. There were using a lot of lumber and there's labor shortages and you know, manufacturing in general was still down a half a million jobs from the peak in February, 2020 and that was still down quite a bit. Because of the trade wars we had before that, so you want you know, you sort of have a hard time believing that all those workers retired, and all of those workers are unskilled now and what we've learned And what Jay Powell really made a point of is that, you know, build it and they will come if you give enough They will come and in fact talking to the online job sites and what they're seen as those large employers that can't afford to give more. And they're giving more benefits and even pet insurance sign of the times And you know everyone adopted a pet during the pandemic, along with health care insurance, and some will childcare. That's really amazing. It turns out last time. I remember that happening in bonuses, you know fast food restaurants was 19 nineties late 1999 19 Indy eight. Um and we did have that happened back down. I don't remember pet insurance. That's a new one. But I think it's really important to understand that you know, those employers are getting lots of applications, and it is really hard for the other employers to compete. Do you think it is Brutalist of me to say the following? I'm sorry. Small restaurant owner but your crappy job at nine bucks an hour. No one wants And maybe that job And maybe your business cannot exist in this current environment is that brutalist? It's a little brutal because you know, I think one of the points we have to also understand is as we consolidate more employment at large firms. Yes, those workers are getting paid now. But that's why we think of it as more of a step function instead of a ongoing wage increases going forward, because those workers now working for larger firms are going to have even less of us. Say Uh, so like today, so interesting. So today, Messenger, you may be right. But if with all this consolidation if there's only let's say 10, big employers, and we don't seem to be moving towards a unionization and many right in this industry, then we could be falling back a few years from now, So it's not may not be interesting, very interesting. And, you know, I mean, you lose dynamism as well. I mean, you also snuff out a lot of, you know, newer, um companies and their ability to build up as well and And, you know, I mean, we know some of the big guys played pretty hard. Yeah, and that's you know, that's something you really need that innovation in the dynamism in the U. S economy, and you know, I think that's something that is really important. And that's you know, I worry about that going forward, so you're basically going to wave your magic one. Employment will be fixed by one you know, at the current pace will be we're about, you know, we think it's there's a bit of a speed limit right now, which Jay Powell talked about as well in terms of employment coming back, and we'll probably Get a million months before the end of the year. That's good. Um, but it looks like we'll be a little lower than that. And that means we're gonna We're talking about well into 2022 until we recoup what we lost and you know, with the retirements out there will be looking at Full employment scenario where you start seeing the unemployment rate between black workers and people of color and white workers, narrowing the things you want to see in a more healthy, inclusive recovery. We didn't see until the very after 10 years of the last expansion, but we could see that as soon as the latter part of 2022. Okay, So let's talk about inflation, which is rising prices. So all right, so I go on network TV and I give them the Diane Swonk mantra. Number one. We are comparing where we were two. A year ago and year ago we were frozen solid. We did not have the economy right right number to supply train issues which are weird and three there is surging demand. Do you expect inflation to be higher for longer than maybe Jay Powell thinks so? Right now, if let's say we go get two years ago were up 2.5% from a year from two years ago. 2.5% way hotter than it's been in the previous decade. So what should we expect? In terms of inflation going forward, You know, I mean, this is the great unknown, Right? And I, You know, I really think the Fed did a poor job of preparing The markets and the overall economy. For what if learn inflation was going to look like it was not hard. Several months ago I had in a piece, you know. Hey, you know, we can get by may 5% inflation Your ercp I There we are, you know, wasn't hard to do, given the fact that some prices fell a year ago and that prices were firing and that these bottlenecks, you know, I mean, we've got a global pandemic and you've still got a pandemic anywhere as a pandemic Everywhere. You still got a pandemic going on in parts of the world, even in China, which is still mucking up the supply chain. There is a good argument to believe that we will see much of this inflation. It was going to shift as we shift away from the fact that consumers say Hey, we've had it They got, you know to trying a mast and savings along with all the stimulus we've got out there and, you know, in July the child tax credits in the monthly payments kick in..
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Ask Jill at Dillon money dot com or go to our website Jillian money dot com. Alright, we're going to the end of our interview now with Dorothy A brown. She is the author of the Whiteness of Wealth, How the tax System impoverishes Black Americans and how we Can fix it. And in this part of the interview, we discuss what certain changes that could be proposed to the tax code and whether or not she's optimistic about whether some of these changes are actually going to occur. So here is the conclusion of our interview with Dorothy Abraham. Are you encouraged by the proposed idea around changing some of the structures for the wealthiest, not everyone, but it is the wealthiest. Yes, I am. I am encouraged by what I'm seeing out of the Biden administration with respect to tax policy proposals. You're absolutely right. It's really for the high high high end. But there's an argument that you know, once the camel's nose under the tent, you can start low. During those income levels, so I am cautiously optimistic about President Biden. I'm not optimistic about Treasury. Oh, by the way, everyone listening who thinks that Dorothy's like in the tank for the Dems? Can you talk a little bit about your Republican foray? Yes. So I became a Republican when Dukakis said that he didn't want Jesse Jackson campaigning for him because he was afraid he was going to turn off voters. And then Dukakis didn't about face when he looked at the polling data and decided he was going to let Jesse campaign for him And I said, Okay, the Dems aren't good on race. I'm done. Cannot be in a political party simply because of race because they both suck. So I went to the Republican Party because they are the party of smaller government. And I said, Well, the government's pretty racist actor. So let's just get him out of the business. Well, fast forward to Barack Obama running for president and I worked for him not worked for him, but I worked on the campaign. Getting out the vote and switched back to the DMZ. And that's where I am now. Okay, So let's get back to the tax system right now, if you had to pick three top priorities, the Dorothy Brown platform for how to fix this. What are the three most important things that have to be fixed? What should people know about those things? First the I R. S needs to publish statistics on race and the reason why I'm pessimistic about Treasury as they've done nothing on this. The president signed an executive order on racial equity and many government agencies have stepped up. Treasury has been m I A. All they do is issue press releases about talking to some civil rights group. They do nothing so we need Racial data published by the government. Second, we need to tax income from wages at the same rate as income from capital gains. It comes then. Right. That's that is an absolute must. And the third thing is whatever tax reform the Biden administration proposes needs to have a racial impact analysis accompanying it. No longer should we ever have tax discussions without racial impact discussions as well. And it's so core to this country about fairness that I think what is important if you're listening to this and you're like I'm white. I don't care because I benefit from it. You don't. Actually, I mean, you do benefit from it. But like if we had a fairer system, it would be fair for everybody. People all over the income stream. It just so happens that it's becoming has become glaring. Even just remember, I did and inequality piece for CBS Sunday morning, and you know when I looked up that data around the median net worth it is Ridiculous. It's 10 times the level of network for white versus black and that's not good for a society and it's not good for capitalism. By the way, it really isn't it isn't And I will also tell you that the marriage penalty impacted black Americans more than white Americans because black Americans are more likely to be in those dual equal earner households and white Americans are more likely to be in single wage earner households. However. There was always a percentage that my research found of white married couples paying a penalty. So there were white couples that were being harmed the way that black couples were thanks again to Dorothy Brown for joining us. The book is the whiteness of wealth. Check it out. It's amazing if you missed any part of the interview, go to the website.
Jill Schlesinger on Money
Over 18,000 Migrant Kids Are Now In U.S. Custody
"More than 18,000 unaccompanied migrant Children in U. S custody, But his members of Congress make trips to the southern border. The vast majority of people who show up at our border. We're turning away. White House communications Director Kate Bedingfield on ABC is this week's as President. Biden is working to not only create more space for unaccompanied migrant Children, but also to work on more systemic issues in the region. What we need to do is address the root causes of migration. It's something that President Biden did. When he was vice president. He spent time in the Northern Triangle countries that people are migrating from Working to try to address the the lack of infrastructure. The lack of programs. A new
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"On money dot com. I did some TV appearances Did a bunch of Ah quick podcasts about this and and maybe You might want to check those out. You know any any of the stuff will give you the basics. I do a deep dive. If you look at the read tab, I did a long article about what this whole fiasco meant for some people and what it didn't mean. That we're very fortunate because my friend Jeff back, Lar was able to hop on the program with us, and we recorded this before The real damage was done. Where really before a lot of the game. Stop buyers experience what it was to have the euphoria of the wind but then have to suck it up when the stock went down. All that being said. These are dangerous things to do. And this started with something that will continue to, I think, show its power and that is read it. The online forum in this part of our interview with Jeff Back alert from Cnet were able to drill down so first we started with read it. So if you miss that you have to go on the website and check that out. Now we're going to talk about the subreddit that the topic that it was sort of the source of this called Wall Street bets. So here is more of our interview with Jeff Back, Lar, editor at large of seen it someone Wall Street bets. There was some chatter about game stop. This is interesting, because it sort of has a Hollywood connection. In some respects the guy that was featured in Michael Lewis's book, The Big Short, The The One Bet against the Housing market is a guy. Michael Burry. He had amassed a pretty big position in game Stop. He bought that stock. They were talking about that on Wall Street bets, and then this is like 2019 is like when starts 45 bucks a share and then last fall, little like more of like Internet stardom. The band wagon for the company got really big because the co founder of chewy dot com Ryan Colin, he amassed like a 12 or 13% stake in the company. And this got the Subreddit Wall Street That's on fire. People were so psyched, right? And at that point, it starts to become something different. As far as I'm concerned, I think there's like a real shift like I think that there are some people who were on Wall Street bets who said, Let's find some cool cos they might be speculative, But you know Jill and Jeff for sitting there having a conversation. It's that the dustbin of retailers. Maybe it isn't Then you start talking about it. But then it became something different. It became a way to try to stick it to the people who bet against game Stop. Do you think Jeff that happened? Basically this year was that last year also, I think it happened in the second half of last year. I think you had this community that was, you know, very transparent about their opinions. You know, like anybody could go onto this site and read what was going on and Sort of with very little research Very little time You could figure out like, Oh, they realized that Gamestop is being shorted in such a way that the opposite approach could probably make you a lot of money very quickly. I don't want to say that Wall Street. Betts is solely responsible for what's happened last Cold days, but they were absolutely the driving force. For what happened. I do think once this, you know, sort of fuse was lit. I do think you had a lot more people realizing what was going on jumping on that bandwagon, and now we're sort of in a situation where we know what sort of all started. But we're not 100% sure of where it's currently, you know, tug of warring right now, if that makes sense, Okay, so let's take one step back and Mark's going to kill me if I don't do This very succinctly. Here we go short selling. I think that a company is overvalued. I can make a bet against that company. And that means the way I do. That is I don't own the stock. I borrow stock from an investment company. I sell it out into the marketplace. If the price drops, I go out. I repurchased the shares. And able to basically collect the difference. I sell it for 10. I buy it for five. I make five bucks. That's essentially it. Okay. Now, if I go out and borrow the stock, and I sell it for 10, and it goes to 15 Then I am in the negative column. I've lost $5 on paper. The short selling can be very dangerous right? Because Jeff, you know if you went out and he bought Gamestop and he said, it's five bucks a share. I bought it. The worst you can do is see the stock. Go to zero, right right out. Suck. But if I sell it at five, and it goes toe 10 You can just keep going up. You have a possible infinite loss. Exactly called, You know, unlimited downside me? No. You just can't keep getting this crazy parabolic ride higher. So here's my question to you the real quick, So when you do borrow These shares, right When you're basically borrowing from one of these brokers, how does that relationship shake out? Are you borrowing at some sort of you need to pay some sort of need to borrow because I think a lot of the confusion with people's understanding of the game stops situation is Hey. Okay, so these guys are driving up the price of driving up the price. What's the end game is there Is there ever a point where you know the money's do? You gotta pay up. Is that what this is sort of? You know, leading towards one of two things usually happens. The company where I borrowed the shares from it, they require me to keep some collateral like it's wrong, right? And so there's got to be money in the account, right? That is just is there for May. And it's there for the company. And then there's extra money in there. In case the stock position goes against me. In case the stock starts to go up. You know when you have a transaction, a short transaction you gotta like put up a lot of money. And if the stock goes higher, you have to put even more money in that account. So when you say, is there usually a conclusion? The conclusion is one of two things. One is the investment company says Hey, you got a deposit more money in this account because this position is moving against you, right? Kind of like the casino, saying you're running this money here. We're on account. You got to put more money into the account and will continue to let you play. Your tab is in the red. Let's go a little more money in there. So that's a margin call, so an investment company can say put more money in the account. Right now, If you don't have that money, they can basically shut you down and basically called quits for you. Let's say you do have the money. You put the money in the account and it keeps going up up up. Then what can happen is essentially what most short sellers do is they pick some point in time where they say that's too much for me. They'll go out. Buy the shares at the Los Send this chair's back to the investment company and just get out of the trade. Like any bad bet. Like I made a mistake. Let me get out, right? You know, A lot of people do this The other way. Like I buy a stock. I buy a mutual fund. I buy something. It goes down in value. It hurts too much I sell. I get out. In this case, the investment company can force your hand and a pretty major way. If all of this Jeff did you have, what is your opinion of a short seller? Did you have won my exposure to that.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Your job? Just walking into your boss and saying I quit. And how would you like to commute to work without ever leaving your home will not long ago, a 39 year old entrepreneur from a billionaire family spent $20 million.3 years to find the best home based business in North America. He researched 70 different companies, and when he found the only one that had real long term potential, he bought it. And right now he's looking for people to help him turned this company into his next billion dollar success story. So if you're serious about making money from home without having to leave your home, we'll grab a pen because I'm about to give you the address of a website where you can learn all about this unique and rare opportunity. Write this down. W w w dot go here next dot com. Now get on your computer and go to this site now, part time or full time Your income is based totally on your performance, interested. Go here next dot com and say goodbye to your boss. Tomorrow go here next dot com. This is an advertisement paid on. Attorney spokesperson. Regular Block admitted. Massachusetts only Cycle of Law LLC, Chestnut Hill, Mass. Paul J. Morgan Winter Park, Florida, Right Copy New Jersey. Michael Broken Solace, admitted Louisiana Well, this firm maintains joint responsibility. Most cases of the sniper of her two other attorneys for principal responsibility me. So feel Yoma. If you know what me so feel Yoma is you or someone you love has likely been affected by this devastating cancer. You may be entitled to compensation call. Soccer love LOL today. 1 805 78 24 100, The only known cause of me Sofia Leo MMA is asbestos exposure. Thousands of U. S veterans and trade workers are at risk for the disease. Nearly $30 billion in court order trust has been set aside to pay money to his bestest victims. If you or a loved one has been diagnosed with me, so feel Yoma call Now you may be able to receive compensation without ever going to court or filing a lawsuit call for a free legal consultation at 1 805 78 24 100. That's one 105 78 24 101 805 78 24 120 21 is the year.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Love to do the same things you do. It's easy one open laptop to go to our time dot com. Three start for free. Our time is the number one dating site made for singles over 50. It's easy to use and can help you find people who just want to do something fun. Find someone over 50 who loves to do what you do on our time. Go to our time dot com today and start for Free Bill College board wants to think their loyal customers for making them the number 14 dealer in Kentucky, Anna again. Here saying, Collins, I want to thank you for your business, and we look forward to working with you. In 2021. We invite you to get out of the cold and shop and save in the comfort of our five heated showrooms. Save with 0% A p R for 72 months on remaining 2024 fusions and explorers. Plus, you'll get up to $2750 in factory rebates or save up the $4000 off MSRP on new 2024 escapes and up this $6000 off MSRP on 2024 edges Bill Collins even allows you to buy completely online from the comfort of your home or office through our exclusive car. Rego Services available on our website. With approved credit report. Credit savings includes Olfactory rebates number one in total new vehicle sales per 2024 Sales record. Hurry and 71st on Bardstown Road or Bill Collins four dot com were priced sells cars and service keeps customers you, Colin. How do you do? The things you do say Thank you to your home for being there for you Start with a free estimate from your neighborhood, sir to pro painters. We really understand how you feel about your home. That's why you can count on us to take care of every detail, Listening, crapping painting. It's always worry free with our expert painting team. Whatever project you have in mind, Count on, sir to pro painters doing the job beautifully. Schedule Your free estimate now at sort of pro dot com That sir to with the sea, each sort of pro painters, businesses independently.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"From the start of what could be President Trump's second impeachment. Democrats in the House tomorrow plan to formally accused the president of inciting the writers who invaded the capital and assault that led to five deaths. Senator Pat Toomey, Pennsylvania Republican telling Fox News. I do think President committed impeachable offenses, But I don't know what is going to land on the Senate floor. If anything Friday, President elect Joe Biden, when asked about impeachment, blame the president for the attack on the Capitol building what the Congress decides to do. Is, uh, is for them to decide Saturday. Biden tweeting. Our president is not above the law, adding Justice serves the people. It doesn't protect the powerful Chuck's Iverson. ABC News. Most Americans now say the president should not serve all of his remaining 10 days in office. A B C's Brian Clark, a majority of people believe President Trump should be removed from office before January. 20th. That's according to an ABC News Ipsos poll, which shows a partisan divide among the 56% of people who feel that way. On Lee 13% identifies Republicans compared to 94% of Democrats. 58% of independents say the president should not serve out his term. Two thirds of all respondents put the blame for the violence of the capital on President Trump and Pope Francis today, saying he's offering prayers to the people of the United States and those who lost their lives in the capital siege. An Indonesian airliner crashed minutes after takeoff Saturday. What's thought to be debris from the Boeing aircraft has been found in the Java Sea. They located the position of the black boxes. Those are critical and understanding what happened here now they're working to recover those from the bottom of the Java Sea underwater video showing the debris on the sea floor, ABC News Transportation correspondent Joe Benitez. There were 62 people on board and to the pandemic. The U. S averaging 2934 deaths from the coronavirus each day 1.8 million. New cases. The first eight days of 2021 You're listening to ABC News. News radio 8 40. Wh Yes,.
WHAS 840 AM
"jill schlesinger" Discussed on WHAS 840 AM
"Hey, Jill, how you doing? I say, Hey, Mark, I'm doing fine. But if it's well, miss lesson, Jer, tell me about yourself. I'll say ok, Dr so and so tell me about yourself, right? So I kind of think it's reciprocal. I don't just give them that honorarium, okay? That's just my two cents. All right. Now, let's get back to Dr Laura Wong, who is our guest. She's written a book called Edge, Turning Adversity into Advantage. This is Ah, interview we recorded before the pandemic, so want to be clear about that in this next segment. I think this is a really interesting concept we talk about That each of us has a weakness. Each of us has something. We're not so great at what Laura is suggesting in this next part of our interview. Is. How do you own that weakness? And what do you do with it? Let me give an example. I would say that one of my weaknesses is that I can feel like I want to jump out of my skin where when people annoy me, and then I get very cranky. And then what I do is I have to own it. And then Mark will say to me like you're in a bad mood today. What happened and I'll say nothing happened. And then I'll say, Oh, wait. Something did happen. So what I try to do is not react, and sometimes I could just take it out on Mark, and then he'll tell me what I've done right or wrong. Okay, Here's more very interview with Laura Wang. Let us now move on a little bit. You also say knowing your strengths is great. Tell me about how owning your weakness can really change it. I mean, we all have this highlight real right? And we all are sort of presenting this highlight real of ourselves to other people. But when you really are able to Guide and delight. Others is when you're able to also acknowledge and understand your own weaknesses. There are instances in which you Might double down on your strengths and not think about your weaknesses at all Their other instances where you might want to be working on your weaknesses and make them, you know, elevate them. And there's others where you just want your weaknesses to not be liabilities, those air really different contexts and in different industries and in different situations. We need need to understand how we're sort of being viewed. I used this analogy as well. How people are like diamonds and each person when we say be yourself. It's such is really kind of bad advice because there's so many different dimensions to ourselves, including our flaws and our weaknesses. Just like a diamond. There's some angles in which you're going to shine really brightly. There's other angles and what you're not going to shine as brightly or you're gonna have some flaws and part of it is understanding in which context under what lighting Under what environments in front of which people what angles do you want to be showing to shine the brightest but also understanding that behind it? You're still the same diamond you said, you know, early on that sometimes you sort of would leap before you thought it through. And I'm wondering so as you're talking about the facets. I'm sort of thinking about this idea that you You're a boss tapped on the shoulder and says, Laura, would I really think you should do is this job and you? You naturally because maybe that is your personality. You'll say Yes. Even though you feel like maybe I don't know what the hell I'm doing. So I'm wondering, Do you think if you're presented with that kind of thing, how you could bring that to your whole explanation of like your strengths and your weaknesses or the facets of the diamond? When do you say Look, I don't think that's in my wheelhouse. Or do you say I'll figure it out. Well, I think part of that leaping is also sometimes leaping to the nose to like. Something doesn't feel right. And I'm like, no, that's just not, you know, Even if everyone else is sort of like, you know, like the decision to go to Harvard, there was 90% of people were saying Don't go. Really? Yeah. They said, Why would you trade in your Bentley for? Ah, for I don't know. Whatever fancy car leaning over there like this. They're both fancy cars. Why would you trade in This to go. You're stable. You know people, you're you've developed these networks You've already gotten sort of. To some extent that edge of that advantage. Why would you go and start all over? So But there's there's these days. So sometimes the leaping is just saying No, it doesn't feel right. And sometimes the leaping is let me go for it, but I think what's critical in there? To sort of answer that. How do you make sense of it is you learn, and you really understand the facets of your diamond or you understand your basic goods when you also have an ability to have humility and embarrass yourself. I've just been so embarrassed in so many different instances and You have to have a thick skin in that sense, because that's where you learn, And sometimes people learn after one time Sometimes people learn when they see multiple instances where they've made the same mistakes, and I'm a little dense. Sometimes it takes me two or three times of being embarrassed in the same way until I get it. And when you're able to sort of do that, I feel like that's when you start to learn really who you are, and the ways in which you can enrich and provide value. I love this part of the book where you said, Take your time going from an experienced to pro Take the time to master the basics. Your own. Not those of everyone around you. So talk about that a little bit..
Jill Schlesinger on Money
Trump accuses FDA of slowing COVID-19 vaccines
"Saturday on Twitter. President Trump accused quote the deep state or whoever at the FDA of slowing down testing of covert 19 vaccines and therapeutics. He suggested they were trying to delay until after the election. He offered no evidence. But today on ABC He's this week. White House chief of staff Mark Meadows says the FDA needs to feel a sense of urgency. I think you're going to hear an announcement later today, which really hey, he had to make sure that they felt the heat If they don't see the light, they need to feel the heat because the American people are
Jay Talking
Powell Emphasizes Inequality in Pandemic-Fueled Job Losses
"CBS was Jill Schlesinger says fed chairman Jerome Powell is concerned about the labor market Powell reiterated his concern that millions of Americans could become permanently unemployed from the crisis he also said the downturn has not fallen equally on all Americans the rising joblessness has been especially severe for quote lower wage workers women African Americans and
WTOP 24 Hour News
Dow industrials end down over 450 points as coronavirus fears rise
"In stocks have tumbled this morning after China announced a sharp rise in the number of cases of coronavirus threatening to cramp global economic growth right now the Dow down almost four hundred and sixty four points the S. and P. down over fifty points but CBS news business analyst Jill Schlesinger says she doesn't think the current adviser corona virus cases here will have a significant impact on the US economy I don't think that five or ten or even fifty cases that's not what's going to impact the United States economy what's going to impact the U. S. economy is at if everyone is freaked out and they're scared to go out shopping they're scared to do things that's what starts to impact the real
Mark Larson
Fed cuts rates again, telegraphs possibility of one more
"Report as was widely expected the federal reserve's movie short term interest rates lower for the second time this year a quarter point cut it may not be the last cut this year live to CBS news business analyst Jill Schlesinger Jr what's this mean to consumers. we're not hearing Jill we have a little bit of a problem there will get back to her fed chair Jerome Powell is said to give his news conference at this hour they'll be much attention to what he says and whether he indicates future rate policy five fed officials have said they expect one if not more rate cuts this year the open market committee meeting in July indicated the labor market remains strong in job gains have been solid household spending is also been rising at a strong pace right now on Wall Street however the Dow was down a hundred and seventy one points the nasdaq off
Mike Slater
Employment bounces back in March with 196K jobs added
"Icho. Some good news in the March employment report, CBS news, Steve Kathan reports. The government says employers added one hundred ninety six thousand jobs last month. Good numbers as CBS news business analyst Jill Schlesinger. They have care industry continues to add jobs forty nine thousand in March almost four hundred thousand jobs in healthcare over the past twelve months. We also saw good gains in professional and technical services. And the nation's jobless rate held steady at three point eight percent near the lowest level in almost
The Indicator from Planet Money
Investing: Wait For It...?
"Things a lot of smart people apparently do with their money. It is also a question. We get a lot here at the indicator, namely, timing the market. So basically, this is just trying to figure out what the stock market's gonna do. For instance, is the stock market gonna go up. So you should go buy a bunch of stocks right away. Or you know is the market gonna go down. You should celebrate of stocks. So j. Jill timing. The market's first of all there is this classic smart person mistake, which goes something like this. I am really smart. If I put a lot of time and energy and focus on researching something I will yield better results than the schlub down the whole for me, who's throwing darts rice. That's that's really, the classic smart person homework. I'll do homework exactly know how to perform yet is like so spot on. So the problem is that first of all investing is not just about homework. It is emotional market timing classic example. So here's what market timing is generally as we speak today on this in this moment, the stock market went down at the end of December and rallied in January and continued to rally in February. And now people are writing in and saying to me. Well, I was going to invest my tax refund in my Roth IRA, but I think I'll wait because the market's going up right S. Well, yeah, you don't wanna like what if the market falls again next month? And then you're it's like when you buy a sweater, and you walk by the store three days later and the sweaters been marked down sixty percent. And you feel like a jerk jerk. Right. And so people don't want to make that jerky decision. Like that's fine for the dumb people. But I'm smart, of course. And now, I'm here to tell you that my own dumb thing was trying to time the market, and it is a class, and by the way to classic traders mistake, also that they're the reason why I could make money as a traitor in the late eighties on the floor of the commodities exchange traded exhaust were there. Any other women there? Eight women eight hundred men really yeah. It was great. I was fun. I feel like you could hold your own. But was it fun? Or was it difficult to it was it was not fun in the moment. It was a fun place to have worked. The there is one one of the the classic scenes of my life. Is that I walked home my sister. And I lived in the same apartment building at the time. And I came home, we step dinner all the time together. And so I walked in. And she was where you're trading jacket home. It's disgusting. What you got ink all over you? And I said, oh, oh that's not Inc. It's blood, and she said blood, it's all over your jacket. What happened to you? I said, oh, these two guys were in the ring, and they got into a fight and one guy head, but another guy blood splur- splattered all over me. So I turned around, and I said NICKY, are you? Okay. And then someone said a half bid for a hundred. I turned my back, and I screamed sold a fire. The ring I don't even know what happened to those two guys. They could have got. From blood lots. All right. Let's get back to market time. Yes. Market timing. But it was your job as a traitor to timely. So I really learned about money and emotions the reasons that you make a lot of money in that day and age in on a trading floors at someone would say, you know, what is the price of this thing and at one week, right, right? You say silver. You know, I will buy it at ten cents. I would sell it at fifteen cents. And you could literally have someone say buy and sell them. They could basically have both sides of the transaction happen simultaneously. And you make that nickel in the moment. That's how you make money as a traitor you grab Nichols. And the problem that is market timing. Is you have to make to brilliant decisions. You have to decide when to sell and then went to buy back in or conversely the other way round, right? So when I was investment advisor used to write a column, and I was very hyper about the technology boom of the nineteen nineties, and at the end of the boom, I wrote an article about how I was going to unload a lot of my technology stocks. And I. Thought that it was dangerous market and thought it was a genius because guess what the market fell at a bed in two thousand the only problem is that I kept writing about how it's not time to get back in. You can't do it. You can't do it. You can't do it and someone very wisely. At the end of two thousand two wrote to me and said you've missed the entire recovery of the market or is two thousand three you've missed the first year of this recovery. And I said, you know, what you're right. I got huge Ed on my face was a great lesson. It is hard to time the market and actually it's not a good. It's not even a good way to accumulate wealth. Because if you stick with your game plan over time, you'll probably be just fine. But by trying to time when to get in and out, you could really hurt yourself. You could really blow up your financial plan. And so when people say, I just got my tax refund, and I'm scared to put money into my Roth IRA, and you're twenty eight years old. I wait a minute. You're investing for thirty years from now what if you're fifty eight years old if you're fifty eight years old, and you're invite. Testing for the next. Let's say ten years, you might say I'm gonna wanna take as much risk. Okay. You don't have to invest all in stocks. You could put some money in stocks and some money in bonds and some money and cash, but I would also say to you if you're fifty eight years old, and you're investing think about this. Let's say you plan to retire when you're sixty eight you're gonna probably live twenty more years, you're not investing up until the day you retire you are investing through your retirement. So the idea that you think you can time the market is nonsense. You're probably not. So you don't have to do it. And you know, what you don't even have to be a great investor to be hitting your retirement goals, your college savings goals, you really don't which had to do is be a disciplined saver. And I just heard from a woman so funny. She said to me on the worst the says, she starts the call. I'm the worst. Tell me about that. She's well, I'm a teacher in the South Bronx. And I've worked my whole life, and I have a pension, and I had some money in our school retirement account and just had tons of money in the Bank and just the worst. I I said you're put it on her savings. Yeah. Savings because I'm the worst. I said why is that the worst? I said, you know, the hardest part of financial planning is saving bright. And so yeah, I know you wish you were more efficient than you had actually put money away. But you're in great shape, girl. You know, you got your pension coming up. You got some money in your deferred compensation plan. And you know, what the four hundred grand that's in the Bank. You're not the worst. You pretty damn good. Jill Schlesinger, author of dumb things. Smart people do with their money. Thank you. And we're going to have you back soon to answer more personal finance questions, and you know, hopefully, hear more bloody awesome stories about the
Wisconsin's Morning News with Gene Mueller
Jill Schlesinger, Business Analyst and CBS discussed on Wisconsin's Morning News with Gene Mueller
"Your money stock markets, sinking extending losses from Wall Street yesterday futures now showing another drop which saw major indexes tumble on Wednesday. Investigators were investors rather worried higher interest rates will dent company earnings CBS news business analyst, Jill Schlesinger. When interest rates brise investor. May say wait a second. I've made a lot of money in the stock market over the last few years. Maybe I'll take some of the money I made in the stock market and now put it into the bond market because I'm getting a higher interest rate. You European markets are all down today after Asia
Clark Howard
Six more women accuse CBS CEO Leslie Moonves of sexual assault or harassment
"Moonves says will resign as sexual misconduct allegations against him double to twelve CBS's. Jim taylor. More women are lining up to accuse the CEO of CBS of sexual harassment. CBS does say it's taking the new charges. Very seriously. Six additional women raising the salt claims against CBS chief executive Leslie Moonves report in the New Yorker where six women already made similar claims against him move as hold the New Yorker he had consensual relationships with three of the women CBS has been investigating the allegations. But CBS Jill Schlesinger says the do accusations raise even more question. What is the culture that has been allowed to metastasized for so long that allowed this to occur? And how are we going to address it? I think that's what shareholders wanna know what employees want to know. And that's what the public wants to
Armstrong and Getty
US, China invoke new tariffs, launching full-fledged trade war
"Cbs news on the hour sponsored by theraworx relief i'm deborah rodriguez the trump administration's kept its promise at a minute past midnight at enacted thirty four billion dollars worth of tariffs on chinese imports beijing immediately retaliated with levies on us goods business analyst jill schlesinger how will the us china tariffs actually impact consumers the answer is we don't know yet while the us chamber of commerce said the tariffs would place the cost of china's unfair trade practices squarely on the shoulders of american consumers manufacturers farmers and ranchers there's also the possibility that if wholesale prices rise those increases will not be passed on to consumers china is calling it the largest trade war in economic history asian stock markets closed higher s and p futures are down four scott pruitt is out at the epa but environmentalists still aren't satisfied live to washington and correspondent steven portnoy environmentalists are unhappy because pruitt's deputy andrew wheeler takes over on monday a former republican senate staffer and more recently a coal industry lobbyist wheeler was confirmed in april for the number two slot at epa he's expected to continue carrying out scott pruitt's mission of slashing environmental regulations in his resignation letter yesterday the scandal plagued pruitt pointed to unrelenting attacks that he said taking a sizable toll deborah a tie navy seal has died in the effort to rescue twelve boys and their soccer coach who've been stranded in a flooded cave for fourteen days reporters sophie lang from chiang rai is all with helping supply the voice paved with oxygen he was making very difficult five hour journey fact when he became unconscious gets a rush against time with cruise pumping water out of the cave others looking for alternate ways in torrential rains expected tomorrow a wildfires jumped i five at the california oregon border closing the freeway to traffic for one hundred twenty miles both ways cal fire suzy brady says one thousand people have been ordered out evacuation order has gone affects all all the way north to the border the jobs report for june comes out in an hour and a half with two hundred twenty three thousand jobs created in may and unemployment holding steady at three point eight percent economists mark hamrick says the amount were making is the achilles heel wage growth and this expansion has been the single most appointing aspect and most recently we saw that average hourly earnings had increased year over year two point seven percent that's well below where we would have thought we would have been with unemployment as low as it is elvis costello canceling the rest of his european tour he says he's undergone surgery for an aggressive form of cancer.
Spy agency NSA triples collection of U.S. phone records: official report
"Wpro friday saying the special counsel should not have unfettered power at a hearing in the fraud case involving former trump campaign manager paul manafort judge t s ellis accused muller of using criminal cases to pressure trump allies to turn against him cbs's major garrett during his address to the national rifle association convention in dallas the president came to the defense of indicted former campaign chairman paul manafort dow paul manafort's a nice guy but you know he worked for me perverse short period of time literally trump delighted the pro gun crowd by reading from an article give me that article summarizing federal judge t s elefsis sharp questioning of special counsel robert muller's indictments of manafort court friday hearing the third time manafort is trying to get the charges against him dismissed national security agencies use of cyber surveillance continues to grow the nsa collected five hundred thirty four million records of phone calls and texts sent by americans in two thousand seventeen and if it sounds like a lot it is in fact it's more than triple the records collected in two thousand sixteen why such an uptick report from the office of the director of national intelligence doesn't say a spokesman says in a statement the government hasn't changed methods when it comes to obtaining call detail records but that doesn't satisfy privacy advocates worry about further government overreach into the lives of us citizens they'll rakoff cbs news washington the latest employment report shows job growth last month of sixty four thousand and the one hundred sixty four thousand and the unemployment rate dropped two ticks to three point nine percent cbs jill schlesinger look at the last four months six months or one year and we're in good shape this year we're averaging two hundred thousand jobs a month and considering that we're this deep into a recovery that job number is pretty darn strong baseball season's second no hitter last night as the la dodgers beat the san diego padres four to nothing with four pitchers sharing the no hit honors the game played in monterrey mexico this is cbs news now the best time of year to wrap up insertive comfort wrapup in comfort today with certa icomfort find a retailer at cirta retailers dot com.
Rick and Bubba Show
US-China trade rift could squeeze growth and hurt consumers
"The dow and a couple of weeks investors sold stocks in great numbers worrying that tariffs and tough talk between the us and china will touch off a trade war cbs business analyst jill schlesinger the uncertainty is what's moving the market when you talk to big investors what they fear right now is that even if president trump and his team are using this kind of rhetoric just for negotiation that they may find themselves or stumble into a trade war inadvertently investment advisor michael barr says a trade war will hit american consumers where it hurts what we're doing is raising prices we import a lot from china and those prices are going to be going up white house press secretary sarah sanders said today that president trump will remain tough he says americans may have to suffer a little pain but that the country will come out stronger in the long run cbs news updates i'm gary nunn.
All News, Traffic and Weather
"This can be a very mean-spirited town," Tillerson says in farewell speech that doesn't mention Trump
"In the low forties traffic and weather together coming up good afternoon i'm rod fritz wbz news president donald trump signed an order today that paves the way for imposing tariffs on as much as sixty billion dollars worth of chinese imports to punish beijing for what he said is the theft of american technology and the chinese pressure on us companies to hand it over china has already warned that it will take all necessary measures to defend itself raising the prospect of a trade war between the world's two biggest economies more reaction and the latest from cbs news update announcing the us will impose fifty billion dollars in tariffs against china president trump said a short time ago at the white house doing things for this country that should have been done for many many years we've had this abuse by many other countries mr trump explained the word that i wanna use this reciprocal when they charge twenty five percent for a car to go in and we charge two percent for their car to come into the united states that's not good he said these tariffs are response to china's theft of us technology business analyst jill schlesinger in retaliation it looks like the chinese government is set to really target some big us manufacturers of food specifically the chinese could impose tariffs on everything from soybeans to corn and that a very big export product for the us cbs news update i'm dave barrett more on this and reaction throughout the afternoon here on wbz meanwhile the house in washington is okay day one point three trillion dollars spending bill it will go onto the senate now defense was the big winner in this latest effort to keep the government open one of the greatest priorities here was to rebuild the military and this bill will provide the largest year every year increase in defense spending since world war two it'll be the largest increase for men and women in uniform in salary in the last ten years that's white house legislative affairs director marc short and moments ago former secretary of state rex tillerson bid farewell to state department employees in a brief speech tillerson credited employees for their commitment to their job and country and ask them for one thing in his absence thing i'd like to ask that of you undertake to ensure one act of kindness each day towards another person this can be a very mean spirited town.
Rick Jensen
Bratz toy maker's CEO wants to salvage Toys "R" Us
"Be id badges will also be implementing a program with clare backpacks for all the students starting after spring break we are also going to funnel students and visitors to some confined points where we're actually gonna wind folks the ceo of the company that makes bratz doll says he and other investors pledged two hundred million dollars in an effort to save at least some of the toys r us chain the group plans a crowd funding effort to raise four times that amount business analyst jill schlesinger unlikely to be a hundred percent toys r us back online but maybe some portion of toys r us will be able to survive the plan is to bid for up to four hundred of the seven hundred forty toys r us stores that are due to shut down wall street right now the dow is down three hundred ninety nine points this is cbs news zoom video conferencing featuring video and audio clarity with screen sharing free accounts are available at zoom dot us that's zoom dot us zoom.
Midday News Break
Martina Navratilova: John McEnroe was paid 10 times as much for Wimbledon commentary
"Dealing with someone who's using trip wires shows a higher level of sophistication a higher level of skill three earlier devices were doorstep package bombs blamed for two deaths this woman who lives near what happened last night says people are on edge and taking precautions real situation now it's not you know oh don't touch any packages it played no seriously like if you see anything weird you know stressing it to your children students are back at class today at florida international university campus shaken up by last week's deadly pedestrian bridge collapse cbs's marc trestman in miami this is somber day but it's also a day that this university probably needs not forget of course what happened and never get completely beyond it but they they can move somewhat passive there will be a moment of silence today lawyers are filing the first lawsuit over the collapse clair's stores has filed for chapter eleven bankruptcy jewelry and accessories chain says it's confident it will emerge from that proceeding with stores intact and debt under control business analyst jill schlesinger players like toys r us is also a victim of putting together financial deals with private equity firms that saddle the company with debt bill rakoff has the results of new study that asked a key question of young people thirty three percent of recent high school graduates in the colorado state study report writing with an impaired driver at least once in the previous year in addition the survey shows that young adults are more likely to ride with a driver impaired by marijuana than a driver who was drunk over decades women fought for pay equity on the tennis court now some of those stars are in the broadcast booth nine times wimbledon champion martina navratilova says she makes about twenty one thousand dollars providing wimbledon commentary for the bbc so imagine her surprise when she found fellow commentator john mcenroe on the list of the broadcasters highest pay talent is getting at least ten times as much money the bbc insists mcenroe's on a different kind of contract playing a more central role to it's wimbledon and coverage navratilova says she's asking her agent to negotiate a bigger paycheck this time around the key barker cbs news london losses mounting on wall street the dow is down three hundred eighty seven points nasdaq is down.