Know someone who is, having a newborn is at odds with Work Schedules too but paid for leave benefits. Is this a trend that will grow . Thats our cover story today. New baby, new rules. Juggling family demands never easy but a recent study found 75 of Millennials WantFlexible Work hours and on track for a promotion. May be hard to have both because the Labor Department said 13 of u. S. Workers have access to paid family leave. The u. S. Is the only developed nation that doesnt require paid parental leave for mothers or fathers. That may be changing, at least in the tech world. We were noticing that most of our new moms were going off and they were taking, if they could, they would take five to six months and they were stitching together personal time off. So we decided that given the average amount of time was five or six months, we would provide 26 weeks of fully paid benefits. Thats a half a year off. Netflix doubled that. A full year of paid leave for new moms and dads. Microsoft expanded its policy to give 20 weeks for mothers and 20 for fathers. Facebook gives 16 weeks for all new parents but will taking time off damage your career . At adobe, we believe people will take the 26 weeks because weve defined it. I believe this is going to be a great Effective Program for both the attraction of talents but also the retention of our great employees too. Friedeman at the university of pennsylvania. Joan williams is professor at the university of California Hastings College of law. Thank you for being here. You think this is the start of a major benefits, do you think its to compete for the top talent . I think its Something TechnologyCompanies Need to do. Whats spectacular, we have a tight labor market for talent in the bay area. One of the ways theyre competing with better leave and more family benefits. Thats a real change. Thats striking. Its a real change. Definitely grabbing national headlines. When you try to break it down, how do you get the cost and measure against the benefit they should be getting . Well, the longterm benefit in terms of attraction of retention, which is the adobe person was speaking about is enormous. Theres research that Shows Investments in 16 weeks of paid leave for businesses worldwide would save over the long haul 16 billion overall. So the shortterm cost is how you flex to make it work when people leave, of course, also offers opportunities for other people to step up and develop. So there is some shortterm adjustment. Its not going to be easy. But we are clearly seeing a trend towards more companies and not just in the Tech Industry offering this kind of benefit. Sue, when you talk about the 16 billion in savings, that must be from the idea that you dont lose women who maybe spent 5 to 10 years training out of the workforce because they want more time at home . Yeah. The cost of turnover, especially for professional talents is enormous. And what weve seen in states like california, especially, that have experimented with states supported paid leave is that when you offer it, you actually get people more likely to come back. Women especially. Theyre more likely to come back in the workforce with a longterm benefit with some shortterm investment. Yahoo ceo said shes expecting twins and will be taking limited time away after theyre born. I dont want to criticize anyone for choosing to come back early, for choosing to take more time off. I think you should parent however you want to participant but parent but i wonder if its because what the boss is doing. Researchers document the flexibility stigma that a company has to be concerned that when an institute leaves, people think it might be a career killer to take it and thats been true to be triggered when women take leave and when men take leave. And so for example, one of the, i think, the ideal policy is Something Like facebooks policy where you have a set amount of time at facebook, its four months. Whatever the company can afford. And then you have very strong messaging that everybody, men as well as women, is expected to take the leave. Also expecting. I havent heard anybody talking about whether hes going to be taking four months off. Thats true. I think it will be fascinating to see. I think should and wait to see what Mark Zuckerberg does. While we talk about this, we should point out again, only 13 of americans have access to this. We are the only developed nation that does not have a federally mandated amount of leave time. I just wonder, do you think its going to change anytime soon and that question, why dont you kick it off . You know, the United States has the most family hostile Public Policy in the entire developed world. And im sorry to say, i dont see that changing anytime soon. In the countries with paid leave, they have much stronger unions and much more proactive attitude towards government. Not sure i see changes in Public Policy im sad to say. Sue, anymore optimistic . I am more optimistic. I see a push for a national legislation, next week, actually, news of a letter to congress that i and 150 plus of my Business School colleagues from around the country, the top 25 schools write this letter to members of congress in support of a family act which is just that. Its family and medical insurance leave. Will it pass now . Probably not but eventually well see it. Thank you both for joining us today. Thanks for having us. Now heres a look at whats making news as we head into a new week on the money. Best of the year as they wait for the fed meeting. Au au all the major averages up. They gave it back later in the week. Stocks holding the breath until the fed meeting starts this coming wednesday. A closely watched indicator of the strength of the jobs market hit a record high in july. Measuring job openings reached 5. 8 million in july most since started measuring it in the year 2000. Sharp rise in available jobs could mean bigger paychecks as demand increases. Apple had a busy week with a new version of iphone 6, this one called the 6s with new Touch Technology with 3d and faster chip. Apple showed off a new more powerful version of apple tv starting at 149. And if heating soup from a can is just too much for you, get this. Youll be able to make your soup with your machine. Rolling out pods that will allow consumers to make a cup of soup right in the very same current machines that you use for your coffee. Of course, companies recommend running a hot water brew cycle without a pot in it before and after so your soup doesnt take like coffee and soup doesnt taste like coffee. Why target funds may ease with retirement. Put the whole thing on auto pilot. Dont want to wait in line for the new iphone . Hire this guy and he will wait for you. Right now, as we head to a break, look at how the stock market ended the week. Going out on markets, i have no idea what will happen tomorrow or next week. And sometimes, get very boggled like this and other times, put you to sleep. The important thing is where theyll be in five or ten years. Im confident theyll be considerably higher in ten years and i really have no idea where theyll be in ten days or months. That was berkshire hathaway. Ceo Warren Buffett about the future this week, some call the oracle of omaha. Cant tell where stocks are headed. Who can . Some use target funds to take the guesswork out of the process but are these autopilot funds a good idea and how do they work . Senior personal finance correspondent Sharon Epperson is here with more. I know its popular, but how do they work . Its popular. Many 401 k plans, many use them as an option when they dont know what to do and work like this. They actually take the guesswork out, as you said, by becoming more conservative the closer you get to a target date. The target date is usually the date that you want to retire. And so youll start with mostly equities when you first get into it depending on your age and gradually more invested in fixed income. Retirement age, those are the main factors that count for figure o figuring out what date you want. How have they held up with the track record . They follow a glide path. Something really different return for many of them depending on they actually glide in terms of how they move from equity funds to fixed income funds. When you when you look at some of the most popular ones, theres a wells fargo advantage as well as, and then the fidelity freedom 2015. Wells fargo, more fixed income. When weve seen a lot of market turmoil and the slide weve seen in equities over the summer and particularly in august, they got hit but not badly as the fid fidelity freedom. Young, 80 in stocks and 20 in bonds and when you get old every, you should be 70 30. 60 40 . Not more complicated than that. People may not make those changes as they get older. The problem is sometimes they charge you fees for doing it. To have autopilot. 401 k , definitely to watch out for, someone not inclined to do their own research in terms of investing for retirement, its probably the way to go. Probably the way to start out. Probably for someone with a lot of money to invest in the 401 k near retirement, very important to really look behind, look under the hood and see what is in the target date fund. What equity mutual funds are in there and if it makes sense for perhaps some of the other assets you might have in an ira and other 401 k s in previous employer. Doesnt do any of that for you. Only looks at your age and time, some Financial Advisors say it may not be the best because it doesnt take into a lot of factors that you really need to think about. Sharon, thank you so much. Sure. Up next on on the money, the guy to help you beat the crowd. How he turns an annoyance into a professional business. A Fitness Center and a sauna. Not talking luxury condos but student living. Why college isnt what it used like it or not, most everyone has waited in line. One annoyance is another opportunity. Professional line waiter. Theres a line somewhere . I just try to avoid that. I just, i am not a line person. Unless its pouring rain or something, no. Its just an hour. Its just time. In retail, things like that. If you want something enough, youll wait if line for it. If its like something i really want, like limited edition, sold only on that day, like 100 copies of something. I dont know, like it has to be something i really want though. Good morning. Ladies and gentlemen, are you ready for your cronuts . Americans spend roughly 30 milli, 30 million hours in the line. At the doctor and 28 minutes in security lines every time we travel. The question becomes, when is your time your money and waiting if line for concert tickets or the latest tech gadget if that isnt worth your wait . Thats when you call the founder and ceo. Robert samuel. Throw his weight around to make sure you get what youre waiting. Robert, take a look at this. How did you get into this whole idea . I get it. Its a need. But how did you come up with the idea . It was an accident. Purely by accident. I was a cell phone rep and i lost my job earlier that year. I said, i need to make money. Let me make somebodys iphone dream a little closer to their reality. So i put an ad on craigslist to wait for their iphone for a flat rate of 100. Very cheap. Very cheap. Because i didnt realize how long it would take. I was always on the retail side, not the outside standing waiting for the doors to open. I managed to earn 325 when the doors open. Going back in line . My original customer, his online order went through apple and didnt need me but paid via paypal anyway. Four hours waiting, did well. Number three in line for the iphone five. Two years ago. And he said, sell your spot. So i just, musical chairs. At that point, i was musical standing. Just bouncing around. When the store open, i bought a phone i had no intention of buying the day before. Now youve broadened. More than an iphone waiter. Yes, definitely. Who are the people using your services . Normal people . High end people . Its a gamut. It can be anybody. I shouldnt say i mean wealthy people. Like you or me . Average people like you and me. I had a middle School Student who wanted to get cronuts for a high school crush. 60 to surprise her quote unquote boyfriend was beyond me but i was happy to oblige. Young kids, regular earners, uber rich. Very luxurious, you know, well to do people. I get everybody. What are you thinking about now . Coming up . The iphone 6 plus. Just announced. September always a good month. Cronuts still big. People who dont know, those are croissant donuts. Have you had one . I havent. You must have one. Best of wait in line . Because im the boss, im always on my phone texting, answering calls, answering emails. So whats the weirdest request that anybody has made to this point . The weirdest request . I dont like to call them weird in case theyre watching, but. The most unusual . How about we do that. Pc it. A cronut delivery. Two females. Had me split the order. Make sure you increase your odds on a friday night. No customer who never got one cronut knows what im talk abouting. Up next, the news for the week ahead. The granite countertop. You might want to go back to school. Tomorrow, go to our web site, otm. Cnbc. Com and also follow us on twitte twitter onthemoney. Heres the stories. Consumers make up more than twothirds. The Industrial Production for august is out. Too big to fail, tuesday marks the seven Year Anniversary of the bankruptcy. The Consumer Price index for august is released. The big event is on wednesday, the federal reserves open Market Committee that gives a closely watched two day meeting to decide if Interest Rates go up, get the decision on thursday. If you have fun memories of your college days and filled with cinder blocks and ram shackled old houses, think about this. One of the newest trends in Student Housing is luxury. Diana olick took a trip with more on gran it countertops and swimming pools. I am not kidding you. Its the new case of offcampus Student Housing and the Competition Among developers heats up the luxury Student Lifestyle is getting ever more lucrative. The standard developed by athens based Landmark Properties is aptly named because apparently this is what students today demand. The resort style pool, Fitness Center. Racquetball, sauna, game room, private study lounges and laden apartment suites that would balk at the idea of the cinder bloblg walls. The most expensive lease up the fastest. Catering to more than the 10 or so of the unit types making them super premium. You know, offering larger square footage. More amenities for those residents, maybe two story rooftop town homes with private rooftop patios. How do students pay for all this . Prices actually arent much higher than where theyre soaring and target big public pools with lower constitution. Landmark taking the brand across the nation growing footprints and profit and as for the kids . What happens in the real world and yall cant afford all this . Down after college for sure. Now, even as the large millennial generation starts to age out of the college years, Developers Say foreign students will pick up the slack. They like the luxury lifestyle as well and they do have deep pockets and becky, im thinking about a ph. D. I think ill be on the 12 year plan myself. That is ridiculous. Diane, so many questions about this. We talk all the time about how high eer tuition prices is a serious problem. The colleges themselves like this because they really outsourced it to developers and its a great source for the university that want to pull in students but the costs really arent that much higher than living either on campus or in a kind of older building. Theyre not because these developers are doing this very streamline, charging by the bed, not by the unit. And so theyre able to offer students lower end studios or, you know, do have the penthouse suites. I dont want to talk about that. But its not that much more expensive for them because they can do it more cost efficiently. The universities must be bad at this because i had nothing that looks like that. Cinder blocks. Dumpy dorms. My gosh. Diana, thank you. Sure. See you later. Thats the show for today. Im becky quick. Thank you so much for joining me. Next week, the big change coming to your credit card that starts in october. Each week, keep it right here. Were on the money. Have a great one, and well see you next weekend. Today, crews are on the scene of a massive water main break in north philadelphia. Millions of gallons of water have flood the streets. Well show you what it looks like now in a live report. A couple missing since friday has been found. Well tell you what happened while they were gone. And where they were located coming up. Heres a live look over center city. A little bit of a breeze out there. It will feel much more like fall today. Dont get too used to it. What to expect at the start of the work week is coming up in the nbc 10 first alert