Transcripts For CNBC On The Money 20151212 : vimarsana.com

CNBC On The Money December 12, 2015

This is on the money, your money, your life, your future. Fossil fuels and natural gas have powered this country for generations but concerns about Global Warming looming, can the u. S. Rely on it to power the future . Thats the cover story. Right now, fossil fuels supply more than 80 of Americas Energy needs but thats beginning to change. Renewables now fuel 10 of the Nations Energy consumption including wind, solar, hydroelectric, and biofuels. And that share is on the rise. Growing by 83 between 2004 and 2014. And its continuing to expand. Solar capacity is expected to increase 123 by the end of 2016. Wind power is forecasted to grow 27 in the same period. The boom in wind power in states like texas led some companies to offer free electricity at night but could alternative energy ever fully replace fossil fuels . Its typically been more expensive to produce. And Renewable Energy is not always available. Cloud cover and wind strength and rain can all affect Energy Output. California has cut drought by 8 and still, experts say the u. S. Has some of the best Renewable Energy sources in the world. And as the prices to harness nature decrease, alternative energy can fuel more of the nation. The Obama Administration has made investments in future Energy Technologies a priority, but how realistic is the idea that america can replace fossil fuels with renewable sources of power . Back from paris and the United Nations Climate Change conference is ernest moniz, u. S. Secretary of energy. Thank you for joining us. Pleasure, sharon. The bulk of the u. S. Energy still comes from fossil fuels from oil, from natural gas. Can we actually have Renewable Energy that generates more than 10 of Energy Output and how much would that cost . We expect renewables to far exceed 10 . Of course, we recognize that fossil fuels will continue to be part of the portfolio for quite a long time but wind energy has gone up by severalfold in the last five to six years and now provides about 4. 5 of our electricity. With solar, 5 and i should add, solar and wind together now account for about a quarter million jobs in the united states. Thats a lot bigger than a lot of the Traditional Industries and as far as cost goes, we have project developers in wind that signed contracts to deliver electricity as low as 2 cents per kilowatt hour. Its very competitive in the right places today and the geography is going to only spread as we go forward with new technology. Certainly, wind and solar are part of the talks in paris and just curious, will global agreements cut Carbon Emissions and slow Global Warming . Are we really seeing progress here . I guess we are. Almost every country in the world, 184 countries, declared their targets to cut down on emissions pretty substantially but i also want to highlight what i think is a very important announcement made on the very first day by president obama and the leaders of 19 other countries a commitment called Mission Innovation to double our Energy Technology r d, increase the innovation pipeline, provide more investable opportunities, and of course, in parallel, a bill gatesled coalition of 28 investors promising to put billions on the table to capture the fruits of that increased innovation. Weve covered on this Program Solar power and how many people are trying to get solar panels in their home, but right now provides less than 1 of u. S. Electricity. The power grid was designed as a one way Delivery System with solar panels. Can they send energy back to the grid . The answer to your question is yes, absolutely. We have right now, of course, in many states, exactly that happening. And there are programs like net metering which allows the homeowner to recover some of the cost by selling excess power back to the grid. Thats already happening. But we do look forward to really developing a more extensive smart grid in the future which will allow everything from big renewable projects of Long Distance demand centers to the distributed homeowner or the commercial enterprise generating electricity both for themselves and to feedback to the grid. We said Renewable Energy is growing enough that subsidies could potentially end. Can wind and solar power survive without the billions of dollars in government help . Its all about cost conduction. As i said, with the wind already, weve had two cents of kilowatt project hours. Cost production will make these technologies more widely competitive with existing sources. Again, we see it now, but it will grow even further. And now, of course, in the future, we are hoping that through legislation, we will be able to have economywide approaches, policies, that put the appropriate charge on Greenhouse Gas emissions as a deployment to carbonfree renewables. Thank you for joining us. Thank you. Now heres a look at whats making news as we head into a new week on the money. Americans were shopping at a solid pace last month. Retail sales rose 0. 20 and the number depressed by lower gasoline prices. Retail sales are watched because consumers make up more than twothirds of the u. S. Economy. After a mostly down week, the dow rebounded on thursday following the price of oil. Those stocks fell on friday. Two of the Biggest Chemical Companies in the world plan a mega merger. Dow and dupont will create 130 billion giant which will then break up into three separate businesses that will likely face regulatory challenges in several countries including the u. S. Walmart doesnt want you to take your wallet out. They want you to use the new mobile payment system. The app is being tested in some stores and is part of their effort to make shopping faster and easier. Up next, were on the money. The lump of coal some residents are giving for the holidays and how to hang up on the phone scammers and spammers before they get to you and a look at how the stock market ended the week. Online shopping is growing exponentially and so is the number of packages arriving at apartments across the country this Holiday Season. Landlords are struggling to handle it all. Some using hightech and some just plain refusing to deal with any of it. One thing we know for sure is the problem will only get worse. Diana olick joins us from washington with more. Diana . Reporter sharon, its the second part that raises eyebrows. Some major landlords said no to packages claiming the glut cost too much. With the Holiday Season upon us, theyre rolling in. Santas sleigh got nothing on ups and fedex this year. And apartment landlords like and apartment landlords like Monogram Residential trust are struggling under the weight of it all. Our portfolio, 11,000 units in operation right now and 4,000 under development, we have this year estimated 300,000 packages coming in. Its become a real challenge for the industry the last several years. Reporter so monogram turned to tech, installing lockers in some of the buildings, access directly. No more mail room. Its a very easy search system. They find the name. You take a picture of the label. So we have a record of that. We save the label and we choose the package locker size. And we put it in. And then the rest gets an email or a text message. Reporter tenants retrieve packages as a Security Camera watches. The system costs over 30,000 to install but in high end buildings for our particular demographic, its absolutely a requirement. Reporter but other landlords claim this wont handle the surging supply, especially in larger buildings. Why one major read said no to packages in the mail room. Managing this glut was costing them more than 3 million a year. Productivity was absolutely part of the equation. But it really came down to more about allowing our employees to service our residents and take care of our real estate which is the business that were in. Reporter Camden Property trust has 59 units spanning ten states and the district of columbia. Last march, they rolled out the no package policy which was not popular with tenants. Weve had a few residents tell us they plan to not renew their release but anytime you make a change to any kind of policy, you run the risk that you do upset some residents. Reporter camden allows you to deliver to doors and leave packages there. 75 of tenants opted to do that and more than 100,000 packages have already arrived that way. It doesnt bother me because we have a lot of security here. Ive seen things on peoples doors for weeks. Reporter safer by elevator perhaps than by sleigh. Now, the announcement did bother other tenants and some may actually move out. But apartment demand is so red hot right now and supplies so constrained that camden is clearly willing to take the risk with the no package edict. The next question is will they allow drones through the windows . Is that really whats next for the buildings . What are they going to do to handle the packages . Reporter thats my idea, but theyre looking at cold storage. Some are looking at groceries delivered and at work when it comes, so they have cold storage put into some of the buildings along with the package areas. With all this hightech comes high prices, im sure. Thank you so much, diana. Up next, were on the money. If youre sick of the robocalls and cant figure out how to stop them, youre not alone. Ways to hang up on them before they start. And later, the Holiday Shopping season is under way and that means buying for family, friends, and even your pets. Weve got the perfect pick for the fur baby coming right up. The Holiday Season is in full swing and so too are unwanted and unsolicited calls. Chances are youve received a robocall that deliver a recorded message usually trying to obtain information or sell you something. And youre not alone. Americans have registered more than 217 million phone numbers on the federal trade commissions do not call list. To put things in perspective, the entire u. S. Population is 319 million. 3 million complaints were about unwanted calls. Scams from robocalls result in estimated 350 million in losses annually. According to a new report by consumers union. Why are these calls so rampant . Some legitimate companies are not paying heed to the list. Its difficult according to consumers union. Today, the ftc collected 8 of the 1. 2 billion in fines for those entities that violated the do not call list. Joining us now is toby stanger at Consumer Reports here to talk about stopping unwanted calls once and for all and toby, just why are these calls so rampant . When i am home during the day which is rare, theyre constant. The reason is its cheap to have a robocl system. They know how to spoof the numbers and make it look like its a real call and then it makes it difficult for consumers to identify them as robocallers and scammers and difficult for regulators to track them down. Some of my colleagues were talking about being on a do not call list, what can you do to stop this . There is opportunity through the tell codes to get some blacklists created. But we feel that theyre not really blacklist, is that something they do through the ftc or you go through your Telephone Company and say, i dont want certain numbers to call me. But its limited. And the trouble is that these robocallers change their numbers. There is a paid service . Its called digi caller block plus. 110 on amazon. We got people to test them and you attach it to your phone and it has a blacklist and a white list of people who you do want to call and its effective and works silently and no mo robo to avoid customers and not all markets and its very effective in screening lots of robocalls. If i hang up or dont pick up the call, which is better . Am i still are they going to call me back . Its best not to pick up. If you happen to pick up, do not dial through to tell them to stop. That just makes you then they know youre a live person and theyre going to keep calling you. Great information. Thank you so much for joining us, toby. Up next, on the money. News for the week ahead. Surprise your pet with the perfect present. Well have unique holiday gift ideas for your dog, cat, and even fellow animal lover. For more on our show and guests, go to our website. Otm. Cnbc. Com and follow us on twitter. Tuesday Consumer Price index is out. An important measure of inflation. And well get a report on the Manufacturing Sector with novembers Industrial Production number. But the big question for next week, will the fed raise Interest Rates . Well get that answer on wednesday after the open Market Committee wraps up its twoday meeting. And time to go digging in your closet for that festive sweater your grandma made you because friday is ugly christmas sweater day. The Holiday Season is here and that means shopping for your loved ones and pets. More than 60 own pets and between 5 billion to 7 billion are spent on pet holiday gifts. Joining us is katie nelson, what to watch out for this Holiday Season. When you look for the best gift, there are some things to avoid there and maybe some product recalls as well. What should we be wary of . The best thing as far as food recalls and tree recalls is fdas web site, fda. Gov. Its all pet products as well as human products and look at the center for pet safetys website and they have alerts there for recalls on products. Is it realistic to spend more on organic food or expensive products at all . We know its more expensive for us to eat healthy than it is to go through the drivethrough at a Fast Food Restaurant or buy that organic nongmo type stuff but we all know its better for us in the long run but its the same for our pets. You get what you pay for when it comes to pet food. Cheap foods use Cheaper Products but if it comes down to putting down food on your table, we go for the cheaper bag of pet food. Some people say they get a few things that arent that expensive. In terms of gifts for their pets, so lets talk about that. What are affordable products for your dog . Lets start here. Weve got bark box. One of the cool new ideas. This is a Subscription Based Service that comes about 19. 99 a month with multidogs, big dogs or little dogs. With allergies, you can have treats that dont mess your dog up and then a bunch of cool little trees and toys that show up every month and this is a great safety product. These are friendly dog collars and based on stoplights. So red is caution. Yellow is, you know, look out and then green is come on over, im friendly. Thats great. If youve got a big dog that maybe looks scary, you can look the green one on there and then might bite your fingers off, you can use that one. You have a lot of fun stuff. I like this catnip. This is the bark box for cats. Again, you can customize it and multicat households in conditions. The great thing about these companies, they give back. They support about 3,000 rescues and shelters across the country. Kitnip does about 100. Its 19. 99 a month as well and cats, we have to encourage them to drink. Cats are notoriously dehydrated all the time but if they like moving water, theres a great little fountain and circulates all the time so it kind of intrigues them and encourages them to drink. What about if you have a lot of money and you want to splurge, where should you go for that splurge . My two favorites are one is sleepy pod. This red thing here. Its a carrier and bed combination. So as a veterinarian, one thing we always get is people cancelling their appointments for their cats because they cant get them in the carrier. It smells like them, its their home and all you have to do is zip the top on and bring them in. Less chance of missing the appointment. The ortho cloud and you can take the cover off and wash it with a water hose. So you get rid of all the dust mites and things like that. But its a cool Gel Technology thats supportive for the joints. I wish it came for humans. Its the small version that goes all the way up to extra large. Sleepy pod starts at 179 and these beds at 199. Wow, but you get what you pay for. Thank you. That is our show for today. Becky quick will be back next week. Unlimited vacation days, is it the greatest idea since the fiveday workweek or is it a catch . Each week, keep it here and were on the money. Well see you next weekend. Coming to you live from times square. Im Brian Sullivan and the traders are getting ready. While theyre doing that, here is what is coming up. That is what stocks did today, but fear not, well tell you how you can still buy protection on your portfolio, plus that is what crude is doing, and it is about to take down the most important sectors in the market. Here is a hint and it could spill trouble for the stock. The action begins right now

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