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Changes to Your Credit Cards; Let's Talk About Sex; Retirement Planning Pitfalls; Best Gadgets for Students; Young and Strapped for Cash?

Aired August 21, 2010 - 09:30   ET


POPPY HARLOW, CNN ANCHOR: Well, good morning, everyone.

New protections for your plastic. The final part of credit card reform goes into effect tomorrow. We're going to breakdown all the changes that you need to know about.

Also ahead, why the amount of money your partner makes could determine whether or not they cheat.

And also, ways that you can ruin your retirement, learn the mistakes before you make them. It's the show that saves you money, and it starts right now.

Starting tomorrow, your credit card is getting an extreme makeover. Thanks to the Card Act several rules kick in that should really, really help your bottom line.

John Ulzheimer is the president of Consumer Education for He joins us from Atlanta. John, thanks for coming in. Appreciate it.

JOHN ULZHEIMER, CREDIT.COM: You bet, Poppy. Thanks for having me.

HARLOW: I want to talk first about interest rates. This has really been a big, big change that is aimed directly at helping the consumer laying out the new law of the land. What changes Sunday with interest rates?

ULZHEIMER: Well, one of the big myths of the Card Act is that the credit card issuer cannot increase your interest rate. That's absolutely not true. They can, in fact, increase your interest rate.

However, after Sunday, they have to give you the ability to earn back your lower rate if they increase it because of the missed payment. Now, what this means, if you make your payment consecutively on time for six months, they have to reconsider the interest rates. So, come on, people, earn it back.

This is going to separate the habitual late payer from someone who's just the atypical late payer because they forgot to pay the bill one month.

HARLOW: Even if you made mistakes in the past, you can change that, earn back a better interest rate.

What about late fees? What changes there?

ULZHEIMER: Yes. The interesting thing about late fees is this. Today, Saturday, you can get nailed with a $35 late fee if you're late on your payment. Tomorrow, Sunday, if you're late on your payment, then it cannot be higher than $25 or it cannot be higher than the amount that you are due.

So, in other words, if your minimum payment was $10, the late payment they can charge you cannot exceed $10. And then, the maximum they can charge you is $25, unless you've done it habitually, over and over. Then they can charge you up to $35.

HARLOW: And, you know, some people have been weary to use their credit cards at all in this economy, job uncertainty, et cetera, so they're using cash. But then, they're racking up these inactivity fees. But that's going to change.

ULZHEIMER: Yes, and that's one of the - you know, the world of credit is not without humor, Poppy, and this is one of the areas that we've - we've actually kind of fixed something that's really quite humorous. You're being charged because of inactivity on your card, which is just horrible.

HARLOW: Unbelievable.

ULZHEIMER: No more inactivity fees.

But, you know, you got to keep - if grass is necessarily - not necessarily greener now, because the issuers are very, very smart. They've been preparing for this and they're likely going to find other ways to stick the fee to you. But no more inactivity fees.

HARLOW: What about when it comes to gift cards? This is an area that is addressed in this legislation, and it's something that's going to change come tomorrow morning.

ULZHEIMER: You know, I'm on the fence about this one, Poppy, to be real honest with you. As of tomorrow, any gift card that you received cannot expire for five years. Now, that may sound great. The hypothesis is solid. But think about this. If you lose the card or you misplace it, what is the motivation to go find it?

HARLOW: Right.

ULZHEIMER: I think they should have gone the exact opposite direction and say it can't be good for more than 30 days. Can you imagine the Cash for Clunkers run on the mall that we would have if you knew that your - your gift card was going to expire within 30 days?

HARLOW: But people need to know, you know, exactly what is coming for - for these gift cards. So I guess keep good track of them if you get a gift card. Keep them in a safe place because they're going to be good for five years. If someone finds it, I suppose they can use your gift card.

Final question here. What do you think - I mean, the Card Act does a lot, John, but what do consumers still need to look out for? Because there were big lobbyists against this act and they got their way a little bit. So what's still out there that puts consumers at risk?

ULZHEIMER: Oh, I think that's actually a very good question. The - the assumption was that the Card Act was going to fully protect the consumers from everything that credit card issuers did that we didn't appreciate. That's really not true. They can still charge you fees, they can still close your account, they can still reduce your credit limit.

So it's a little bit more difficult in some notices involved with - in some of these things. But, remember, fees are fungible. It means if you cut out one fee here, they can just increase another fee over there just to replace it.

HARLOW: Right.

ULZHEIMER: And, at the end of the day, it's going to get all baked in to the new world of credit cards within the next six to 12 months anyway. So be careful with all this stuff. Keep your eyes on the ball.

HARLOW: You have to keep your eyes open, but some changes going into effect, so it might help people starting tomorrow.

John, thanks. Appreciate it.

ULZHEIMER: You bet, Poppy.

HARLOW: When it comes to infidelity, what about your spouse's income could make them more likely to cheat? We're going to tell you in just 90 seconds.


HARLOW: All right. Well, could the size of your paycheck matter when it comes to your mate being faithful? According to a Cornell University study out this week on long-term relationships, a man is five times more likely to cheat if he's dependent on his wife or girlfriend's income.

Wendy Walsh is a psychologist and blogger for She joins us this morning from Sin City, Las Vegas. How appropriate. Thanks for coming in. I appreciate it.

You know, it's interesting -

WENDY WALSH, PSYCHOLOGIST: You're welcome. Happy to be here.

HARLOW: Look, this is a study done over six years between people 18 to 28 years old. They found in the end very few men and women admitted to cheating, but, still, they did find this trend. So what do you think it is that is driving more men to cheat on their spouse when that person makes a lot more money than they do?

WALSH: You know, if we could generalize it to the population, I would say that, generally, men self identify by how they can bring resources into the family. They are ultimately the providers, right? So if they're making far less money than their wife, they're going to need to feel powerful in some other way, and the other way men like to feel powerful are through sexual prowess.

So it's very clear, if they're feeling less, then, in their relationship, there is more likelihood that they may try to find other ways to raise their self-esteem.

HARLOW: So you buy this study? It makes sense?

WALSH: It makes a lot of sense to me. Although it's a small study population, it hasn't been peer reviewed yet, it does make a lot of sense. It's kind of one of those "duh" studies to me.

HARLOW: You know, it's interesting, the study also said that men who earn significantly more than their partners are also more likely to be unfaithful. So what's a girl to do here, huh?

WALSH: Well, I totally get that, because, generally, people who put making money first in their life have sometimes actually low self- esteem. They look really confident as they're working up the corporate ladder, as being a really aggressive entrepreneur, to be CEO, to be the owner of this company. But, in truth, they want people to like them.

So then, when they get to the tippy top, they're still consoling themselves and often they're consoling themselves with bodies. So they're going to have more and more sexual conquests --

HARLOW: You know, according to the study -

WALSH: -- when they're successful.

HARLOW: Right. And - and also, this study shows us the least likely to cheat are women that make far less than their male mate.

WALSH: Let me say, women aren't stupid, are we? We don't mess with the gravy train. Women - women, I think, have a much better ability to put aside sexual energy if they're looking around the environment and trying to extract resources.

HARLOW: All right. So this brings us to the really more important question here, how do you broach the topic of money with either your girlfriend, your wife, your husband, your boyfriend? It's critical.

WALSH: OK. We're at a time now where more than 50 percent of the American workforce are women. Plenty of expensive employees, male employees, were laid off in the recession. So this is not an uncommon thing for marriages where the power dynamic has changed monetarily. It's really important to bring it up and talk about it. If two people walk through a marriage with unspoken sets of expectations, that's a prescription for disaster. So I - I like to say that women need to work hard to still make their man feel like king, because we want a king, right? So, if you want a king, treat them that way.

So that may mean that she may bring home the bigger paycheck, but he may be more involved in how it's spent or how it's invested. So he still becomes a provider as he's investing in real estate or stocks or saving for the family, whatever that may be.

HARLOW: So what are some of the tips? I mean, how can you do that? So, ultimately, you have a stronger bottom line financially and - and a stronger relationship. What are some of the things you can do?

WALSH: You have to remember who you married and why you married him. If you married him for his money, then your marriage is going to fall apart when he doesn't have money. If you understand that you have an intimate relationship and a commitment to this person and this is a human being, then you don't have to brag about how much you're making, girl. It's OK. You got a great guy there.

Also, on the flipside, men have to feel - work really hard to not feel competitive with their wives.

HARLOW: Right.

WALSH: You know, ultimately, an intimate relationship is a partnership. People shouldn't be competing in a relationship. And it happens sometimes.

So it's - you know, for men to find a way so that they can get some self-esteem or identity within their family, you know what? You know what men do great besides being great providers? They are fabulous protectors. So if they really take on that role of protector of the family, protector of the family assets, protector of the children and the wife in - in different ways, socially, physically -

HARLOW: Right.

WALSH: Protection is a great thing and it turns on a lot of wives.

HARLOW: All right. Wendy, great insight. Thank you so much. I appreciate it. Thanks for coming in.

WALSH: You're so welcome.

HARLOW: All right. Well, you work hard every single day. You try to save as much money as possible, but it could all be for nothing if you make certain mistakes on your retirement plan. What you need to know about that, straight ahead.

(COMMERCIAL BREAK) HARLOW: All right. So I know it's Saturday morning. Let's be honest, retirement planning probably not up there on the list of things you want to talk about this morning, but it's really important. There are some big mistakes you could be making right now. So how do you stop them before it's too late? Rick Newman is the chief business correspondent for "U.S. News & World Report" and joins us to talk about it.

We don't even know if the economy is stabilizing. Looking at the market just the past few weeks, the volatility is certainly still here. People are watching their nest eggs get less and less and less. So the number one mistake, you say, is just not saving enough, not being smart about it.

RICK NEWMAN, U.S. NEWS & WORLD REPORT: Right. And this is true in retirement planning and every other kind of financial planning. I mean, you know, Americans famously saved almost none of their income over the last year. The savings rate actually got almost down to zero in 2005. And people have learned this lesson.

And I think one thing people thought was that just by buying a big house and putting money into that, that's the same as saving money, and we learned that it's not because that's an asset that can go up and down in price in - in a very volatile way, as we learned. So saving means not spending the money, not doing home improvements with it, not buying boats and cars and things like this, but actually putting it into a saving account and then investing it in a smart way.

HARLOW: I - I checked out this website recently, I know there are some others out there.

NEWMAN: Right.

HARLOW: But it really shows you exactly where your money is going every single month and how much you're spending eating out. So the - a website like that is a good way for people to keep an eye on - on what they're spending and what they can save -

NEWMAN: If you don't get depressed looking at those numbers.

HARLOW: I know. I got a little depressed.

But how can people insure that they're money's properly protected? You know, the FDIC limit has now gone up to $250,000 for individuals.

NEWMAN: Right.

HARLOW: But what if you have more than that or if you got it in the market and bonds?

NEWMAN: Yes. That's a problem a lot of people have faced recently. I mean, one of the things we saw over the last couple of years with the stock market down so much is that people who are close to retirement thought they were in great shape and they never thought we'd see the kind of bust in the stock market and the housing market at the same time.

There's a rough rule of thumb here, which is that your age should be about the same percentage you should have in bonds or in safe investments, which means, obviously, you need to change that as you grow older. So if you're 30, it's fine to have 70 percent of your - of your savings in stocks and things so they'll appreciate more. But, as you get older, you want to - you want to bring that down -

HARLOW: Trim that down.

NEWMAN: -- so you don't get stuck with your monies at risk right before you're ready to retire.

HARLOW: Another way you can really get stuck is racking up too much debt. Even - even in old age, if you rack up too much debt, that is going to weigh heavily on your retirement. It doesn't just go away.

NEWMAN: If you retire - that's right.

HARLOW: You don't get forgiven because you retired.

NEWMAN: If you retire with any debt, basically you're using your retirement savings to pay for stuff you bought before you retired. Now, that's just not a good idea. So - I mean, there's, you know, good debt and bad debt, as we hear. You know, good debt is probably what you might consider a home, for example, the place where you're going to live.

But if you're talking retirement - excuse me, credit card debt and stuff like that, just to finance the stuff you buy every day, you need to just get that down. Do not retire with that kind of debt.

HARLOW: I wonder, you cover this every day. And the retirement age, is it actually getting older now because there is more and more talk about that?

NEWMAN: It's getting older and more - it's getting higher in more ways than one.


NEWMAN: Some people are simply not retiring when they thought they would, because they can't afford to. It's that simple. They lost a lot of wealth. They're going to have to work another five or seven years. There could be worse things, frankly.

And I think we're starting to see official retirement ages go up, not yet at the federal level with social security, but that - that is clearly on the table as they try to figure out how to - how to support social security better. And - but it's sub-state level jobs and things like that, yes, the retirement age is going up.

HARLOW: When you are retiring, you know, at 65, you get Medicare.

NEWMAN: Right.

HARLOW: So a lot of folks think, all right, I don't need to pay for additional health insurance.

NEWMAN: That's right.

HARLOW: Is that a big mistake?

NEWMAN: Yes. Because this is another thing you need to plan for. Medicare covers a lot of expenses, but there are other things that you - you're going to have to deal with. You're going to have to pay for deductibles, some drug - prescription drugs, for example, hearing aids, eye glasses, not all of that is covered by Medicare.

So there are all these supplemental plans and they work fine, but you need to plan on that. In other words, you have to - you need to be ready to set money aside. It's going to be an extra expense.

HARLOW: Some people want to ignore this but this is the reality of what you have to do to retire in a healthy -

NEWMAN: Right.

HARLOW: -- situation.

NEWMAN: that's right.

HARLOW: Thanks a lot, Rick.

NEWMAN: Be careful.

HARLOW: Appreciate you coming in.

NEWMAN: Thanks.

HARLOW: Be careful. You got it.

All right. We made you a promise that this back to school season we would help give you and your kids the most while spending the least. So what we're going to tell you next is the best gadgets for students. That's right ahead.


HARLOW: It is back to school time. And whether you've got a toddler or a too cool for school teen, we're going to show you the best in back to school gadgets. Here to help us do that, our resident tech guru, Mario Armstrong. Thanks for coming in. Appreciate it.

MARIO ARMSTRONG, NPR TECHNOLOGY CONTRIBUTOR: Hey, Poppy. Thanks for having me in. My pleasure.

HARLOW: All right. Let's start here at the laptops.

ARMSTRONG: OK. HARLOW: It's very important for students, high school kids have these now.

ARMSTRONG: Absolutely.

HARLOW: I didn't use one until college.

ARMSTRONG: I know. I would have had better grades if I had it.

HARLOW: I know (ph).

ARMSTRONG: I keep telling my mom, mom, I didn't do well because I didn't have all this stuff.

HARLOW: It's true. And they're getting more and more affordable.


HARLOW: But I would have to say, you know, what - what's your best bet when it comes to a laptop or a notebook?

ARMSTRONG: Great question. So there's two different things. So your - the Dell Netbook is much smaller. They're lighter. They're about, you know, four or so pounds, so easy to carry from class to class. But you will have some limitations and that it's a smaller screen and that you wouldn't have a CD or DVD drive.

HARLOW: We've got three options here.


HARLOW: Pricing on these, what's the range?

ARMSTRONG: Yes. So the Dell, you're looking at under $500. The Sony VAIO here, which I really like, $719. This is what the book looks.

HARLOW: A snazzy blue.

ARMSTRONG: Snazzy blue, really personalized. Has Blu-ray. Has all the bells and whistles -


ARMSTRONG: -- that you would expect in an $1100 laptop for $700.



HARLOW: And then this Alienware.

ARMSTRONG: And then the Alienware, this is for the student that loves to play games. So if you have that gamer in the household, that needs to focus on schoolwork but also plays games, you can convince them with the Alienware.

HARLOW: I would not be buying that for my nephew.

ARMSTRONG: The M11x - no?

HARLOW: I want him to be doing his homework.

ARMSTRONG: Well, he'll do it. He'll do it.

HARLOW: iPad or Mac Notebook is a good bet for students or not really?

ARMSTRONG: No. Very good. I mean, the Macs right now are running a special. If you buy a MacBook, any Mac, you can get an iPod Touch for free. So that's really good because a lot of people are using iPod Touches for educational purposes as well.

But then the iPad, I still see it as a luxury item, but I know a lot of families that buy them and they have their kids from kindergarten all the way up through grade school -

HARLOW: Right.

ARMSTRONG: -- playing applications that you can download for free on the iPad.

HARLOW: And for all of these things, you have - I mean, we're not talking about bikes.


HARLOW: But these look like bike locks to me.

ARMSTRONG: They do, right? No.

HARLOW: Good investment for your computer?

ARMSTRONG: Absolutely. You bet. I mean, you're spending this money for your investment. You want a - this is a Kensington lock that we're looking at. These are -

HARLOW: Right.

ARMSTRONG: -- combination locks. The reason why I like this, the six foot steel cable, hard to break. But most importantly, Poppy, they do - they run off of combos, not keys.


ARMSTRONG: So as a kid or a student, I might lose the key, but I wouldn't forget the combo.

HARLOW: That's true.

ARMSTRONG: But if I do, I can go online and retrieve it. HARLOW: And you can find it.


HARLOW: This is my favorite.


HARLOW: I have to say. Folks, look at this. This is a Smart Pen.

ARMSTRONG: That's right.

HARLOW: I wish I had this.

ARMSTRONG: That's the A-plus right there. Like, look, if any kid gets one of these and has bad grades, I'm telling you.

HARLOW: How does this work and how much is it?

ARMSTRONG: So - so this is - so with this particular pen, it's the new line of Livescribe Smartpens. They came out with the Pulse before.


ARMSTRONG: This is the Echo that you're holding.


ARMSTRONG: They range from $129 to $199. They come with these special notebooks. They have different sizes for, you know, high school, four subjects -

HARLOW: I'll put that up for you (ph).

ARMSTRONG: -- yes. Small ones, big ones, whatever your needs are for school. But, basically, the pen records everything you hear and what you write at the same time.

HARLOW: Right.

ARMSTRONG: So if you're in class, you're listening to lectures, you're listening to class notes, you simply come back, touch - touch a line, touch a sentence -


ARMSTRONG: -- and you will be able to - let it go. And if you put it to the mike, you can actually -

HARLOW: All right. This is telling me what the lecture said -

ARMSTRONG: That's right.

HARLOW: -- at the moment that I wrote that note down. ARMSTRONG: That's right. So I can - so -

HARLOW: Unbelievable.

ARMSTRONG: You're looking at it and like -

HARLOW: Unbelievable. A little bit (ph).

ARMSTRONG: And it can - and it can do so much more than that. But that's the basic essential of it is that it will record everything it hears, but also what you write at the same time -


ARMSTRONG: This makes it so that you actually focus in class and not have to write down every single word.

HARLOW: Fantastic (ph).

ARMSTRONG: And then you can sync this up to your computer so that you can listen to it on your computer. It also has a headphone jack and you can record up to 800 hours of audio on this.

HARLOW: I - I see this working as one friend in a group going to class, taking notes for everyone else and -


HARLOW: But I'm not going to go there.

ARMSTRONG: You can share your notes. That's a good idea.

HARLOW: You could. For the youngsters, you've got the -


HARLOW: -- newest Leapster there?

ARMSTRONG: That's right. Yes.

HARLOW: Why do you think this is a good buy?

ARMSTRONG: Well, you know, because the young ones, the Leapster line has always been really, really solid. They're durable, number one. This is the new one, the Leapster Explorer. And I've been knocking this around a little bit. Still looks really good, but I've been beating this up a little bit.

But the good thing about what Leapster has really done that's really been neat -


ARMSTRONG: -- is that they've been able to now really incorporate games that kids are used to playing. You know, they're used to playing games like - they're used to playing "Dora, the Explorer," or they're used to playing "Star Wars" and the - or "Shrek" or "Toy Story", but they can learn algebra, geometry, math and science, arts and culture and history -

HARLOW: On this.

ARMSTRONG: -- all on those.

HARLOW: Not just war games and (INAUDIBLE).

ARMSTRONG: Yes. Now, they've been a little expensive to me, if you'll ask. But I still think it's a good deal. Because $70 to buy the device, the cartridges cost $25, but here's where I think it gets to be a good deal. You can now, on this device, download applications.

HARLOW: Much cheap with the games.

ARMSTRONG: Much cheaper. Like $8.

HARLOW: The kids don't lose application like they do with the game.

ARMSTRONG: Great point. You can't lose an app.

HARLOW: It's true. And you said, just finally here, don't forget the student discounts, right?

ARMSTRONG: Yes, absolutely. When you're out shopping for anything, I don't care if it's hardware or software and you're going back to school, make sure that you have proof that you're in school, something for enrollment, a class list or a student I.D., because everyone is offering steep discounts.

HARLOW: Great (ph).

ARMSTRONG: Microsoft right now is offering the Office Suite at half off -


ARMSTRONG: -- for students only. So great deals to be found right now.

HARLOW: It's good to be a student. Thanks so much, Mario.

ARMSTRONG: Yes, I know. Thank you, Poppy.

HARLOW: I appreciate it.


HARLOW: Well, you know, you could be young. You can pretty much be broke, but it is not too late to turn things around. We're going to tell you how, next.

(COMMERCIAL BREAK) HARLOW: Well, our next guest knows firsthand that sometimes you need to heed your own advice. As a personal finance columnist for the "Washington Post", Nancy Trejos helped others get out of debt while sinking herself into it. she learned her lesson and she has some tips on how to have fun without draining your bank accounts. So if you're young and broke, listen up. This segment is for you.

Nancy is the author of "Hot (Broke) Messes: How to Have Your Latte and Drink it, Too." She joins us from Washington. Thanks for coming in, Nancy. Appreciate it.

NANCY TREJOS, AUTHOR, "HOT (BROKE) MESSES": Thanks for having me.

HARLOW: You're story's incredible. You talk about your parents who immigrated to this country from Columbia and Ecuador and worked so hard to really make it here and save, and you felt like you let them down. When was it that you realized, look, I'm in a personal finance mess, I need to get out of this?

TREJOS: I did. I felt terrible. You know, I have been living in denial for so long. I have made every possible personal finance mistake you can make. I had credit card debt. I bought a car I couldn't afford, a condo I couldn't afford, and I was not looking at my bank account.

But I was on the phone every day, interviewing people who are on the verge of bankruptcy and I realized I need to start fixing my finances. And I looked at my bank account on morning and I realized I didn't have enough money to pay my rent, and I have to call my parents and borrow money from them.

HARLOW: Right.

TREJOS: And it was just terrible.

HARLOW: And I remember reading about that, saying -


HARLOW: -- you had to call your mom and she answered the phone and how bad you felt.

Well, you're changing your ways. I mean, you outlined it here in the book. What are some of the tips? You know, often, as young individuals, our friends want to go out to dinner. They want to go out to drinks, and that can really add up.

So you can still enjoy yourself, you say in the book, but you just need to know where to cut back.

TREJOS: Exactly. I mean, you can still have fun and not spend, you know, tons of money. There are ways to do it.

You can go out to restaurants every once in a while, but go out once a week. The rest of the time, have people over. You know, have everyone - have someone bring an appetizer, someone bring wine. And then you have leftovers and you have a lot of fun.

And if you do choose to go out, you know, there are tons of websites now where you can get coupons. Coupons are not taboo anymore. There's Groupon, there's Living Social, you know? There are - and they're for really good restaurants.


TREJOS: Look for happy hour specials, and don't over order. You know, I can never finish an entree. So, you know, split an entree with a friend or an - get an appetizer.

HARLOW: I have to tell you, those - those coupons I used one - last Friday night. It was at dinner. The three tables next to me were all using the same thing. It was just on their phone there. So it's certainly not taboo anymore.

You know, when you talk - when you talk about going out with your friends, everyone's in a little bit different economic situation. Should you be open with your friends about where you stand financially?

TREJOS: Oh, definitely. You know - and that's what I did. You know, for a long time, I was - everyone thought my finances were OK and I kept going out every night. And, you know, I was just being a phony. And now I'm just very honest with them.

I had a discussion with all of my friends and said, you know, look, I can't go out every single night. And, you know what? If they're friends worth having, they're going to understand that. And now we are all on the same page and we all really enjoy doing, you know, cheaper things like cooking for each other.

HARLOW: And not just cheaper things. There are a lot of free events, no matter what city you're in.

TREJOS: Yes. Yes, exactly. Every city has free concerts, free festivals. And there are websites where you can look this up,, There's plenty of stuff to do.

And, you know, change your definition of fun. You know, having fun doesn't require going to a restaurant every night. You know, running, hiking, going to picnics, you know, just taking walks. That can be fun, too.

HARLOW: Yes. Not to mention eating out isn't exactly the healthy - healthiest thing to do every night -

TREJOS: Exactly.

HARLOW: -- and you're save some money in the process.

Nancy, thanks so much. Congrats on your book. Appreciate you coming in.

TREJOS: Thank you. Thank you. HARLOW: All right. Well that's going to wrap things up for us this morning. Don't forget to check out "YOUR MONEY" at 1:00 P.M. Eastern.

Right now, though, it is time for the check of your top stories in the "CNN NEWSROOM." "CNN SATURDAY" continues right now.