We begin with your wallet and whats in it the cash you carry around may be less and less useful because a growing number of restaurants and other places are saying, no, thanks, to your dollar bills they want you to may another way and its this weeks cover story. If youre hungry for lunch at this restaurant, youd better bring a debit or credit card when mike an kaplan opened two forks a year ago, he was accepting cash the first two weeks. We were seeing it was slowing down people were generally paying with credit cards anyway. He made his restaurant cashless no cash allowed. I dont really carry cash, so i think its great because it makes everything go a lot faster. I think its great that its cashless. What if someone only has dollars, real money. Maybe one person goes for the cash instinct. And theyre like, oh, youre cashless you know what . I dont even like cash anymore. Cap lkaplan comadmits a few n if they have the exact amount, we wont turn them away. 40 of americans prefer paying with a credit card, 35 with a debit card, and just 11 favor cash also going cashless is dose toros, a chain of 14 restaurants. I rarely ever have cash so im going to use my debit card or credit card for the points. But some customers still prefer to use dollars. A couple of weeks ago when i came in and tried to pay with cash they said, were cashless. At first i was a little annoyed. Its convenient for me who wants to move quickly but i suppose it alienates a Certain Group of people. The cashless lend is growing. Just the week the first amazon go store opened in seattle, a Convenience Store with no cashiers, no lines, you pick up the items and the card stored on your phone is automatically charged as you walk out the door. Popped in, popped out maybe the whole process took maybe 3 1 2 minutes. Will dollar bills vanish in a Cashless Society as we saw, his restaurants are now cashless ed lee is managing editor. I appreciate you both joining us leo, what is behind the move toward cashless restaurants . Simplicity. Hospitality, the goal is really simple delight your guests every day. Its hard to do that its about great food, great service, and a clean environment. Those things require time and focus and managing time is eaten up by handling cash. Going cashless allows us to focus and do that much more of a good job. What about the fees every transaction that goes through the card, isnt there a fee to the restaurant. Yes. For every purchase, theres a 3 cost, which is not great but theres the ee kwivs lens with cash. What do you do if somebody comes into the restaurant and dont have a card or apple pay if my grandmother comes in, shes still carrying around a wallet of cash. We hopefully ask do you have a card we hope they see the sign. If not, we say just remember it next time. Theyre more redabadily available for cashless payments. Its a big part of the trend amongst that kind of group they dont mind letting people know where they are, what theyre doing, using their phones for everything. Are there any kind of legal obstacles for business who want to go cashless right now there is no restriction. It does cut out a section of the society where they dont have Bank Accounts or dont have credit cards or have a hard time getting a debit card. I will admit i use a card for most things. I like the ease of it and theres a record kept of it and i can go back to the Credit Card Company and dispute a charge if i need to. But theres something about a Cashless Society that creeps me out a little bit now theres going to be a record of every dollar you spent and someone somewhere whether its a foreign hacker or big brother could be keeping track of it. Cash right now, thats still the abiding value, which its phenomenal especially in america, we dont want you to know where we are all the time amongst millennials, they dont care as much. Let me ask you about the next wave thats mobile payments, whether its venmo or apple pay or paypal are you accepting those types of payments in the restaurants . Were hard at work on that. Its going integrate with a lot of those nfc were painting a nos tick as long as its digital, whether its apple pay or google or crypto pay. Do you think apple pay and venmo, do you think theyre going to be as ubiquitous now as credit cards again, it comes back to convenience and ease of use. If it offers that, it oohs going to be more widely adopted. Apple pay is the easiest in the sense that its like a wallet. Youre loading credit cards onto it google pay is a little trickier to figure out and theyre still working out to make it easier for cards to adopt into it. Thanks so much for coming in. Leo, good luck. Thanks, contessa. Now heres look at whats making new as we head into a new week on the money. You may be tired of hearing this, but most people arent stock hit new highs. The douceting a fresh record in early trading on friday as did the s p 500. Strong earnings and lower corporate taxes behind the surge. Stocks closed higher on thursday americas economy grew at a strong rate but not as quickly as expected. The Gross Domestic Product grew by 16 is toys r us says it will cloe 2,f 00 of is stores in the United States as it tries to emerge from bankruptcy it has 64,000 employees. Toys r us faces tough competition from amazon and brick and Mortar Stores such as walmart and target. Up next, were on the money. Blackmail money is sent demanding the ransom but the con artist doesnt want dollars. We have the fbis warning about this new scam. And later, how much time do you waste trying to figure out what to wear in the morning. A new company aims to give you that time back and now a look at how the stockmarket ended the week imagine getting a letter to your home threatening to reveal a deep dark secret unless you pay up its a growing scheme with more and more letters being sent. Andrea day reports on the new way con artists are trying to get your money and what you can do about it. I know that you have been cheating on your wife. Chilling words in a letter sent to daves home, and there was more it is just your bad luck that i stumbled across your misadventures while working a job. If you want me to destroy the evidence and leave you alone forever, then send 2,000 in bitcoin, a blackmail letter claiming to have secret information about his infidelity and demanding payment in bitc n bitcoin. I had to think for a second because i was in the bit of a fluster. The father of three, and faithful he reached out to local cops and printed on his blog. The relatively unknown blog lighting up with traffic and months later when another wave of letters went out. 500 per day. He said he was flooded with emails, men from all over the u. S. Who seemed to have one thing in common. Hes targeted affluent neighborhoods and lawyers. Theyre concerned about losing their status if he sends out information. And for some, smn have started. The wives open the letter and confronted them when they got home. Another. He said i live in a golf course neighborhood. If the attacker sent something out to everyone in my neighborhood, even though ive about been faithful, my reputation would be wrecked. Should you send money no, absolutely not. Theyre hoping that they might get lucky with someone who actually has maybe been unfaithful, theres some infidelity there if they hit that target, thats a person whos probably willing to pay. The letter he says, just one criminal extortion product using cryptocurren cryptocurrency. The idea is it hides behind this vail of secrecy because theres no personal association, Law Enforcement wont be able to track it. Theyll go through the process of explaining how do you go about purchasing bitcoin. Crypto kur senn i makes it difficult for Law Enforcement to track but its not impossible. Local Police Departments across the country have been warning about this scam. If you receive the letter, the best advice is dont pay and let the police and the fbi know. For on the money, im andrea day. The latest wave of letters was sent out in early january and demanded as much as 8,000 in bitcoin the good news, is so far no one who has not paid the ransom has not had any potential secrets get out. Up next, were on the money. Want to pay less in taxes and have more for retirement, how changes in the tax code are giving some savers a golden opportunity. And later, a look inside rock roll. A look inside a new york city apartment of Keith Richards. Harvoni is a revolutionary treatment for the most common type of chronic hepatitis c. Its been prescribed to more than a quarter million people. And is proven to cure up to 99 of patients whove have had no prior treatment with 12 weeks. Certain patients can be cured with just 8 weeks of harvoni. Before starting harvoni, your doctor will test to see if youve ever had hepatitis b, which may flare up and cause serious liver problems during and after harvoni treatment. Tell your doctor if youve ever had hepatitis b, a liver transplant, other liver or kidney problems, hiv or any other medical conditions and about all the medicines you take including herbal supplements. Taking amiodarone with harvoni can cause a serious slowing of your heart rate. Common side effects of harvoni include tiredness, headache and weakness. Ready to let go of hep c . Ask your hep c specialist about harvoni. Can this much love be cleaned by a little bit of dawn ultra . Oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. A drop of dawn and grease is gone. Roth i. R. A. S have been around for 20 years but with changes to the tax codes, you may want to give these Retirement Savings accounts a fresh look and it could save you big money in the long run. Here to explain, Sharon Epperson sharon, good to see you today. Good to be here. Talk to me about whats a roth and ho is it different from a traditional i. R. A. The most important thing is with the roth i. R. A. , youre contributing after taxes with the 401 k , its before taxes. When you put your money into a roth i. R. A. , whatever contribution you put in, you can take out to do with what you like thats important to remember also as were looking at a new tax year where many people may be in a lower tax bracket. That after tax money might not feel so bad if youre in a lower tax bracket. What makes the roth so attractive a lot of people want to be able to have the tax money but also right now theres things theyre think about what will they do with this money . Give it away give it to their kids . Use the money for other purposes other than retirement . They can that can use it for college and an Emergency Fund and they can use up to 10,000 in a down payment for house. Are there people who should tack advantage of a rocket and others where its not the best choice. There are definitely questions you need to ask. I certainly think its a great tool for almost anyone but you have to look at what the taxes are going to be in in the future keep in mind this is taxfree money so no matter what your tax bracket is, youre going to be able to have income in retirement thats not taxable. If you need that money in five years, probably not best necessarily to put it into a rock roth i. R. A. . Are there other ways to invest you can convert traditional i. R. A. Money to a roth or an old 401 k to a roth youre going to pay taxes because you havent yet, so when you do that conversion, thats another reason why if youre in a lower tax bracket in 2018 it may be something you want to consider doing. Thank you. If youve been a good saver and have extra cash to spend, theres a unique property up for sale that might give you some rock and roll satisfaction our robert frank got a tour of Keith Richards new york apartment. Reporter this penthouse duplex in Lower Manhattan is home of a rock roll legend. Were standing in the home of Keith Richards and his wife patty henson which theyve owned since 2014. Its 2,700 square feet with panoramic views of managements greenwich village. You have three different terraces the take in both north, south, east, and was. This wall slides open to reveal his secret lounge area. Steps away is a master suite with a walkin closet for him, another for her, and a modern master bath with a steam shower. Headup stairs to find the familys music legend room sandwiched between two more bedrooms including what else, a tribute to rock and roll. Not only would you be owning premier real estate, but youd be owning a part of rock and rolle history. The price tag just under 11 million this is the second time that apartment has first been listed showing you cant always get what you want. Sorry. Is there a sort of a premium that gets put on a celebritys apartment . If youre moving into Keith Richards apartment, are you going to pay extra theres a premium, but studies show they dont actually get a premium price when its sold so oftentimes celebrities say they notice whenever they put their name on anything, it goes up in value, not so much for real estate. Although, if theyre a gat early buyer of something, they get a premium. So far with keiths place, theres not a Rolling Stone premium. I like that thank you for the tour. Thanks. Up next, more on the money for this week. If you have a closet full of clothes but nothing to wear, help is on the way the start that does the thinking for you early in the morning traders on the panel today here are the stories coming up that could affect your money this week. On tuesday s p caseshiller index comes out for november it measures home prices in 20 cities well also hear from President Trump on his state of union address. The fed chair will make an announcement after the fed meeting. On thursday well see how many cars sold in january on friday, the jobs report for the month will be released and how many more days of winter Punxsutawney Phil will tell us. Losing two years of your life, thats the estimate. A new startup called finery is hoping to solve the problem. Joining us is the cofounder whitney casey. You know the hassle and headache that goes into putting your wardrobe together and putting your best foot forward how did you come to finery as a solution tell me about it. Did you ever see clueless . Yeah. Thatshow i watched Alicia Silverstones closet come up. Tell me whats the basic process . After you sign up with the email that you shop with, we pull ought of that into a closet for you and then immediately we sort it by color and category and then you can start making outfits and plans or packing youre doing this with actress brooklyn decker. Its not the two of you sitting going through americas closets, right . That would be 450,000 users and possible yeah, that would be really fun i would love to see whats in everybodys closets, although everybodys closets are incredibly private weve noticed its so personal if you have somebody step into an actual legitimate closet, you hear judgment, i bought that here for sure. This is algorithms looking at your past purchases and putting together outfits that way . Yes. You go in and give your email that youve used to buy stuff in the past. You guys go and collate all these past clothes purchases and how do you off up wardrobe ideas to your members . Thats the thing. Think if you have that many members and data points. All of those data points coming together to like, what is in fashion. Because if you can go by ten years in someones purchase history. My whole theory has been our data should work for us. Like all of these Companies Come and take your data in this world, you data should be working hard for you. You went out and bought all the stuff. How do you make money right now we dont, which is typical startup, hoping that our users sort of tell us that, okay, heres what we want. Our users are incredibly vocal theyre amazing women, working women who have no time, are moms and think about having your phone with you that you now have your closet. You know the time youre standing in your closet and the last thing you need to be doing when rubbing to the doner or having an interview for work is thinking about what to wear. What about privacy . Someones giving you incredibly private information. Email address. Browser history. Yeah. We take it very seriously because it is trust and this woman is saying to us, look, i trust you so much and this is so important to me. So how are you going to give me Something Back for what im giving you and thats why one of our most famous things that most of our users say, return reminders. That is really where we built the trust because we remind women when things need to be returned also because one of the things that retailers do, theyre constantly changing return dates, 30 days, 15 days we send you a quick little note that says, hey, contessa, this item, this red dress needs to be returned i cant today, but i already own it and then thats an issue. Thank you for joining us. Thats the show for today. Im contessa brewer. Ing theirs so much for joining us becky will be back next week with a fitness trainer who hosted the biggest loser and how he nearly lost his own life and the big changes he made. Keep it right here each week were on the money. Have a great one well see you next weekend these birds once affected by oil are heading back home. Thanks to dawn, rescue workers only trust dawn, because its tough on grease yet gentle. I am home, i am home, i am home hey, there, were live at the Nasdaq Market theyre getting ready behind me. While theyre doing that, heres whats coming up on the show. Texting moment is next week with a number of huge earnings well give you the one name option traders see thats a must own. Plus biotech is breaking up. And theres something in the charts that suggest it could go even higher next week. Well break it down. And boeing boeing shares ae