This is on the money. Now, becky quick we begin with microchip implants a Wisconsin Technology company is offering workers the chance to toss their employee i. D. Card and forget all the passwords, in exchange theyll insert a tiny microchip under the skin would you do it . Thats todays cover story chipping in. It wasnt the Traditional Office party. Last week in wisconsin, threesquare market, a provider of selfservice break room vending machine offered to microchip its employees. More than half of the 80 workers voluntarily agreed to get chipped. It hurt a little bit. But its not bad they each let the company insert a 00 microchip, the size of a grain of rice, right into their hand. Thats where it was inserted right there, i got mine done yesterday and i was scared to death. I thought it was going to hurt like crazy, and it was nothing the device allows door access for employees to enter the building, sign into their computer and pay for snacks. It replaces passwords, i. D. Badges and credit cards. Right now literally you dont need anything in your pockets, you can carry it all in your hand, if you want. Not Everyone Wants to some holdouts refuse to be chipped. I havent seen a lot of research on longterm Health Effects and it kind of freaks me out a little bit theres a foreign object going into your body todd westby is threesquare markets ceo, thanks for being here today. Thanks for having me. Why did your company decide to do it well if youre a technology company, things like this are actually exciting. We dont look at it as being too weird. But when the opportunity presented itself, we initially decided to do it just because we thought it was, i dont know, i guess you could say cool something different. We never expected honestly what happened since we did it we didnt expect it to go like it did with all the media excitement and everything. We were just looking at it from a technology standpoint initially. Yeah, i mean it certainly caught my attention when you all did this more than half of your employees decided to get implanted what about the people who didnt . Well i think people did it mainly because they were informed and told exactly what it can can do and what it cant do and what it does do and doesnt do and they made the decision for themselves, that the people that did decide to do it, really were looking forward to a lot of the conveniences that it does bring to the everyday life. Youve got a microchip in your hand. You decided to go with it. Did it hurt . How does it feel and whats it like using it . I have two of them in my hand one in each hand and i guess being a technology company, one is for test and one is for production. What does that mean, one is for test and one is for production. Any time you develop technology, youve got beta stuff that goes on i use the one in my right hand for beta purposes. And this other one is for production, but as far as it hurting, it feels like basically somebody stepping on your pinky toe with a dress shoe on it doesnt hurt at all. Stepping, does it feel like that all the time or just when you first get it put in. Just initially when its put in and it takes about two to three seconds to do. Then that night, if you ice it, pretty much by the next morning, you dont know its there. That sounds like a whole lot of things that would make me think three times about doing this what happens to the chip if somebody leaves the company . Do you take it out whose property is it no. It was never designed to be our property we decided to put it in the employees. As a form of convenience for them, when employees leave, we actually consider it an Employee Retention tool we do not plan on taking it out. Its up to the employees an Employee Retention policy, because were not going to take it out, its going to stay therefore ever, so were going to keep you . Well not in that sense, but it is really convenient having the chip in your hand with all the things that it can do, especially using it as a credit card form of payment at any Convenient Store or any store. I know that your chip doesnt have a gps in it but when i first heard about this my first thought is wait a second, this is a way for the man to find out when im coming into work and when im leaving could you use it in those capabilities this particular chip, no. However, we are developing a chip that will be able to use as a gps device and you know, when its talked about big brother, big sister you would not believe since this chip came out, all of the interest there is witha gps chip for children and so forth all right we will continue to watch this but todd, thank you very much for your time today, we appreciate it. Thank you now heres a look at whats making news as we head into a new week on the money. The stock market had its worst day since may on thursday, the dow tumbling 200 points on concerns about north korea after the dow hit new highs earlier in the week the nasdaq falling 2 to close at onemonth lows. Although stocks rebounded on friday there are very few signs of inflation in the economy, at least based on the numbers we saw this week. The Producer Price index which measures the pricethat Companies Receive for their goods and services fell by 0. 1 . The index had been expecting an increase Consumer Prices rose less than expected if youre looking for disney or pixar movies on netflix, you wont be finding them for long, the entertainment giant is pulling films in order to start its own Online Streaming Service in the next few years. Including a Subscription Service for espn it may be the start of a new era in hollywood as producers of content move to control more of the ways that the content is distributed. Up next, were on the money, the new social media app thats a big deal to teens, but parents beware, there may be some big risks attached to it its too early to call it nurse alexa. But the voicepowered assistant can be a big help to seniors at home look at how the stock market ended the week snapchat is all the rage, especially among teenagers but its latest feature is raising concerns its called snap map and as andrea day reports, some worry users, especially teenagers, are just sharing too much oh, theres two of my friends hanging out right now. See that bit moeji, thats a friend on snapchat you can see where they are, driving, listening to music, even playing tennis. The app is very addictive, every time you open it, it marks where you are. It can work like a breaking news feed. Letting you pan around the globe and see what people are doing right now. Where is she . Shes in sweden. Hot spots show where big crowds are all snapping. Theres a protest and users are snapping it up. People are getting more comfortable sharing more and more information and experts say it could become a powerful tool for advertisers. But does map take sharing and connectivity too far if you opt in, snap shares your location with friends, down to the address. Attorney michael kasden specializes in privacy theres the risk of real bad actors, someone stalking and being able to locate someone in the real world. A concern for teenaged users, who may download apps and not read the fine print. A lot of people dont look at it and dont understand some of the scope of what theyre agreeing to. According to him, its something that businesses need to be aware of, too. Giving this much information to you know snapchat itself, allows them to really target our behavior in ways that are a step up from what they would be able to do without this type of location data. If you turn it on, you can always opt out of the feature by turning it on ghost mode but its easy to forget to turn it off and wind up being tracked. Gps tracking apps like this are already on law enforcements radar. It creates almost kind of a flash mob mentality. Former lapd chief Michael Downing says showing where big crowds are in realtime can be a security risk. Especially after an event like the one in manchester, england when a suicide bomber killed 22 people and injured more than 100. At an Arianna Grande concert soft targets are something that we are trying to defend against right now. Not only on the inside of stadiums and arenas, but hardening the outside core where you have less control. According to snapchat, quote the safety of our community is very important to us with snap map, locationshare something off by default for all users and is completely optional snapchaters can choose exactly who they want to share their location with, if at all and can change that setting at any time. But kasdan says parents still need to be very aware of what their kids are doing teenagers might not be thinking too much about privacy but just connecting with friends. And nbc universal, the parent of the company that produces this program is an investor in snapping, the Parent Company of snapchat i have a 13yearold daughter, they are all snapping away. Is this all that different than other apps that track you, things like google maps . With google maps and things like waze, you have to be tracked to show your location. With snapchat, you dont have to be tracked to use the system but kids these days love to do it and they love to show their location, like hey, im in sweden, hey, im here. Constantly want to show it andrea, thank you very much voicepowered assistants like amazons alexa are another kind of Interactive Technology in a new trial with seniors living at home these devices are becoming virtual caregivers, Bertha Coombs has more what are my activities for today . Your activities for today two medication reminders. Yvonne was skeptical when her Los Angeles Home Health Care Team signed her up for a trial using an echo dot. I didnt understand why i needed this. The 81yearold soon became a fan of how much easier it is to get help when she needs it if i fallen, i have this button i can push. But it oftentimes takes a while for them to answer and find out what my problem is but with alexa, its no time at all. Nurses and health aides at Liberty Home Health testing the alexa Home Health Program say its helped them be more responsive to clients needs and family caregivers. We can give access to the Family Members the same access we have, to be able to check and see how the clients are doing. How their mom is doing the program was designed by a 2yearold boston startup alexa, start orbita welcome back to your support assistant. Orbita, a voice platform developer working with Health Care Firms voice is becoming that next wave of how can we engage. Theyre working with programs with clients like hospitals to track Patient Health at home and drug makers to collect data from trial participants the ultimately you have to make the information that your collection actionable. So our system can notify Electronic Health records systems. Theyre not working on Consumer Health apps, but Scripps Health manager said amazons health and Apple Technology combined with Machine Learning could prove to be a gamechanger in Consumer Health. The ability to interact with an individual consumer with, their data and the worlds medical literature, no one has done that yet. Its still early days, but a number of the major insurers say they are looking at possibly using the technology with their medicare population. To help seniors age in place at home and not in a facility and feeling connected, like yvonne heels, having alexa at the ready. I think of her as a person. But shes really just a machine. One who helps her reach the people she needs alexa, open please. Experts warn that they will need to address privacy issues to try to safeguard medical Data Collected by these alwayson devices. Up next, were on the money hurricane, blizzard, flooding nothing you want to see when youre on vacation what if it actually happens . Well tell you what you need to know about travel insurance. And later, its 5 00 somewhere why rosecolored wine in glasses is making its mark whuuuuuat . Rtgage offer from the bank today. You never just get one offer. Go to lendingtree. Com and shop multiple loan offers for free free . Yeah. Could save thousands. You should probably buy me dinner. No. Go to lendingtree. Com for a new home loan or refinance. Receive up to five free offers and choose the loan thats right for you. Our average customer could lower their monthly bills by over three hundred dollars. Go to lendingtree. Com right now. Your privacy makes you myt number 1 place to go number 2. I love you, but sometimes you stink. Febreze air effects doesnt just mask, it cleans away odors. Because the things you love the most can stink. And try febreze small spaces to clean away odors for up to 30 days. Breathe happy with febreze. Hey youve gotta see this. Cno. N. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. Talk about a vacation nightmare, earlier this month, about 50,000 tourists were ordered off of the islands on the outer banks of North Carolina when a construction accident knocked out power for a week without travel insurance during an incident like that people are out of luck. Joining me now is spencer holden, the president of ericsson insurance advisers and spencer, thank you for being here today whats typically covered when you have travel insurance like this it depends on the contract. There are a plethora of contracts out there. You have to be careful typically its going to be for a medical situation that occurred before you left. Either for you or your travel companion or a Family Member that prevents you from going or it could be a Natural Disaster that prevents you from going. But theres lots of ancillary coverages that will trig ter as well it may be that the tour guide goes out of business it may be that your Business Partner passes away and you may be that you have to stay and conduct business it may be that you have jury duty is there anything i need to be on the look out for, this is a good policy, this isnt. For every insurance contract you should look at the exclusions the biggest thing in these policies is preexisting reasons for medical policies if all of a sudden you have chest pains and they look at your medical records and had you an issue with your heart seven years ago, they might say its a medical condition. Thats a serious gotcha. A lot of these contracts you can pay more and have that exclusion removed from the policy. How expensive are we talking for things like this its about 10 of the cost of the trip if youre going to add these extra endorsements it might be another 5 to 10 . One of these is a cancel for any reason endorsement, that way they cant get you on a loophole when we talk about the outer banks issue, because that was a power failure offsite of where the hotel would have been some of the contracts wouldnt have paid for that. Youre kidding me. But if you have the extra ens dorisment, that gives you a cancel for any reason. Basically dont sign anything that has all of these exclusions, make sure you have a policy that will cover you for just about every reason. A lot of people purchase these online or through a travel agent. If your claim is rejected, do you have any recourse, anything you could do absolutely. I had case recently where somebody was diagnosed with cancer after they had booked a trip they had to stay home and have their treatments, and the Insurance Company tried to deny the claim, they said preexisting condition. We got the doctors involved, there was no preexisting condition. But its an example why you need an advocate. Absolutely, can you fight these denials. Good to know, spencer, thank you for coming in today. Up next on the money, a look at the news for the week ahead and the future sure looks rosy pick up the cool summer sensation thats selling like hotcakes snap so its out of sight. And out of mind. Always discreet. For bladder leaks. Youre in the match app. Now tap on the new missed connections feature. It says ive crossed paths with kate six times this week. That is a lot of times. Shes cute too yea how did i miss her . You didnt. Match picked it up for you. Check out new missed connections on match. Start for free today tha. Oh, burnton gravy . Ie. Gotta rinse that. Nope. No way. Nada. Really . Dish issues . Throw it all in. New cascade platinum powers through. Even burnton gravy. Nice. Cascade. Here are the stories coming up that may impact your money. Tuesday brings the closelywatched retail Sales Numbers for july on that date back in 1939, the wizard of oz premiered in hollywood. On wednesday, the Federal Reserve will release the minutes of the last meeting where they left Interest Rates unchanged. Plus, wednesday also marks 40 years since the king of rock and roll, Elvis Presley died in 1977 on thursday, well be getting a measure of the economy with the release of the Industrial Production data for july and well get the first estimate of Consumer Sentiment for august its not quite red and its not quite white. Lots of wine drinkers used to turn up their noses at rose, but the blushcolored booze is coming into its own with the summer sales that are sizzling once referred to as cheap and unsophisticated, thanks to smart rebranding, rose wine is in fashion. Becoming the quintessential drink of the summer. As to wines, the largest wine and spirits store in new york city has been increasing its rose selection, currently with 75 still and 50 sparkling with rose offerings i feel like were going through a peak right now and theres a Great Variety of roses, different styles, different colors and people just want to try new roses. Sales are up 60 over the past year. More than prosecco, cabernet and pinot grigio one distiller ran out of their signature bottle whats behind the Strong Demand . Think pink, experts say its the color, packaging, versatility and price. And social media buzz has contributed. They use the catchy hashtag s, like yessayrose. Yeswayrose. Every summer we double our sales, thats a good trend the key customer is women mostly its the right amount of spicy and sweet. Lately weve been actually freezing it. Its been hip for a few years now. And experts say as rose wine evolves, with new blends and offerings, demand will continue. Canned rose has been a big trend this summer. Sales of the broader canned wine category are up over 80 in the past 52 weeks. We spoke to union wines in oregon, they told us half of their 350,000 cases this year will be in cans. What . I bought some cans for to you try. These are cute. It is so cute, right . This type of innovation were seeing in the wine space. Were going to tell you, i havent tried a rose in years. This is like a wine box for or like a juice box for adults. Who said can you only drink beer in cans cheers. Refreshing, right beautiful and how cute is this can . Pink, girly. I want to see what it takes like, lets compare it to this one. This is whispering angel, the most popular rose on the market. The from provence, the most popular region in france thats good i like this crisp, light. I think that one better but you know what, rose is a good thing and youre right, i had turned up my nose for years. Im shocked to see how popular demand is really strong and millennials being a big part of the story. Do guys drink it, too they could. Another hashtag rosehamptonsgatora rosehamptonsgatorade. Seema, thank you. Thats the show for today, im becky quick, thank you so much for joining us. Next week, a wall street investor who is funding the search for a cure for parkinsons, got a very personal stake in this fight this is an interview you dont want to miss each week keep it here, were on the money have a great one and we will see you next weekend cheers i love you, couch. You give us comfort. And we give you bare feet, backsweat, and gordos. Everything. I love you, but sometimes you stink. Soft surfaces trap odors. Febreze fabric refresher cleans them away for good. Because the things you love the most can stink. And plug in febreze to keep your whole room fresh for up to 45 days. Breathe happy with febreze. Hey there, were live at the nasdaq after a wild week for the markets, the guys are getting ready and heres whats coming up on the show i love gold. After the week gold just had . Theres much to love and theres something in the charts that suggest its going to get even better plus, its the question traders dare not ask is there anything you can tell us about what may have happened last night . No, not that question they want to know if its time to short home depot. Weve got the answer and how would you like to buy beaten shares of
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