Skip to main content

tv   On the Money  NBC  March 4, 2018 5:00am-5:31am EST

5:00 am
hi, everyone. welcome to "on the money." i'm becky quick. slamming the cure on school violence. the unique approach in one state that may be a model for others. it's oflk ar weekend. want to go to a lot of movies but only pay a little? guess what. there is an app for that. making sense of the mobile wallet. have you venmoe add non. >> the man who says you can have a good meal for $2 a serving. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. now, becky quick. students at marjorie stoneman douglas high school in florida return to classes this week after the mass shooting two weeksing a that left 17 deds.
5:01 am
alparents and teachers and are asking how to keep schools safe. that's the cover story. and our reporter went to class. >> reporter: in high school with 1,900 students and 100 staff members is in newark, california, but it could as easily be in newark, new jersey or newark, ohio. every school district in the country is facing the same issue. >> school safety is always our biggest concern. if i had to pick one question we get from anyone is really, how safe are schools? that's kind of the question that people ask before even getting to academic questions. >> reporter: security is already robust here. fencing, signs, guards. superintendent paskt sanchez says they not only have cameras but a sound system that can detect and locate gunshots on campus. but they could use more. >> in a district this size of about 6,000 students personnel alone increase would probably be
5:02 am
$3 million. >> plen of companies are happy to help. indiana based allegiance specializes in systems to lock classroom at the first hint hint of trouble. >> our industry is willing to partner with every school in the nation to review capabilities and procedures that help drive awareness and planning for high school security. >> reporter: the industry helps fund a non-profit, the partner aloins for safer schools, which says at the very least schools should consider upgrading lighting windows and doors and cameras. the group says that basic security would cost around $100,000 for a typical grade school, $170,000 for a high school. >> of course the resisting organization is ready with more expensive ideas for any district that asks. even though some other experts say physical security only goes so far. >> it's not just an issue of fortifying the fronts entrance and throwing up cameras.
5:03 am
it's what's behind the fort fied entrance in terms of climate, the people side of school safety that makes it different. and more important and meaningful. >> no argument in newark where the superintendent says the best deterrent to violence is making sure students are better educated in the first place. for on the money, scott cohen in newark, california. with limited resources what should schools do to try and keep it safe? indiana has a unique approach. it's a dedicated school safety specialist in every district. should this strategy be complemented in every state joining to us talk about the program is dr. jennifer mckormg, the indiana superintendent of public instruction. and doctor thank you for joining us today. >> thank you for having me. >> i i know indiana is one of a few states in the country that has a school safety specialist program like this. what are the responsibilities of each specialist? how does it work? >> most of our districts are required to have one.
5:04 am
those are the public school districts. but most of the districts have between two to five. and those are the go-to contact folks to make sure the schools have the training they need to make sure they are the contact for internal and external stake holders. make sure we have a great plan in place in each district and make sure the drills are done efficiently. >> is that a full-time job in each situation, a person hired to do just that? >> not traditionally. typically it's assist principal, principal, sometimes a superintendent, a school resource officer. it just depends on each district. everyone is different. >> what have you been hearing from parents and teachers about safety issues in indiana schools just in light of the recent events? what have you all been talking about? >> you know we hear a lot from administrators asking for guidance and support. i think our districts are doing a great job, but there are concerns we're hearing from school board members, parents, who are saying are we safe enough? and so there is an uptick in urgency, a lot of conversation.
5:05 am
and they want to know what are we doing to make it better. >> how is it funded? that's a huge issue. schools are scrambling for funding for all sorts of things. how does this fit into the picture. >> right, we have about $250,000 that runs through a criminal justice institute grant. and so the school safety academy has been going on since 1999. we have not had an increase in funding for that program and not asking for any increase in funding that indiana will go after. we want to go directly to the local districts. >> have you heard from other states that might be interested in implementing similar strategies? >> we have. dave woodward in charge of our academy does a great job of reaching out. we are hope for anyone who would like to participate. states have reached out, asked questions, i think a few have tried to implement it. it's quite a list. it takes a lot of time and commitment across agencies. but we would be more than happy to share with any state interested. >> what do you think the potential solutions are to this
5:06 am
growing problem where we seem to see the issues happening more and more frequently? is it more security like the peace we just talked about? making sure you have mental health resources? what do you hear back from teachers? >> it's complex. and so teachers are asking, administrators parents, students. and so school safety is a complex issue that's going to take a multifacetted approach to solutions. and so part of that is conversation about policy. where we go with gun safety, background checks. those are real conversations we need to have tp another piece of in is relationships in the school safety officers doing a treat job of training the staff to say what are the red flags we should look for, and where are the resource sns and indiana has done a good job looking across agencies to say what's the system of care look like? how are we getting help to those who need it and how do we do it in a way accessible? there are a lot of layers to this that i think it takes a lot of people to be at the table for it to find solutions.
5:07 am
>> dr. mccormick thank you for your time. >> thank you. here a low back at what's making news heading into the new week on the money. president trump says he will approve new tariffs on foreign steel and aluminum makers. he says he would formally sign that measure next week. the measure would impose a 25% duty on steel and a 10% duty on aluminum. that could send prices higher on everything from cars to washers and housing. it could also potentially trigger a trade war if other countries decide to impose tare i was against the united states in retaliation. all of that news sent stock tumbling on thursday with the dow falling more than 400 points. that action followed two days of triple digit losses. the nasdaq and the snch 500 had ugly weeks as well. and stocks were mixed on friday. america's economy is chewing along. the second reading ever the fourth quarter gross domestic product came in at 2.5%. slightly weaker than first
5:08 am
thought. the gdp is the broadest measure of the size and scope of the american economy. up next we're on the money. what if every night were movie sniet? well for $10 a month you could catch a new film in the theater every day. but as usual, there is a catch. and later, sending and receiving money from an app on the phone, person to person payments are easy. but are they safe? right now, a look at how the stock market ended the week. ♪ ♪ ♪
5:09 am
♪ wi'm really grateful that usaaq. was able to take care of my family while i was overseas serving. it was my very first car accident. we were hit from behind. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. we're the hayles and we're usaa members for life. see how much you could save with usaa by bundling your auto and home insurance. get a quote today.
5:10 am
the academy awards are handed out this weekend. if you want to see the oscar nominees or any film in theater but want to saver money there is a new way to do that. called movie pats it's a monthly pass let's you see one movie a
5:11 am
day every day for just $9.95 a month. that's about the price of a netflix subscription. mitch lowe is a movie pass ceo and former netflix executive. and mitch, thanks for being here today. >> yeah, thank you. >> so this sounds like a deal that's way too good to be true. sound like i make out if i go to the movies twice a month. how does it work. >> the whole idea is to reenergize the theatrical movie going audience. if you can build a subscription base, a user pool of people going to the movies it benefits everybody. it benefits film goers. film makers, the theaters. >> you have 2 million subscribers right now. when will you be profitable. >> we think next year sometime. you know, this is investing in building a big subscriber base that then we monetize. it's not like facebook which is essentially free.
5:12 am
but any monetize all the information and help business sell things to you. and that's -- our goal is to build a very material size of subscriber base that then we can get to go to specific movies, specific theaters, sell you things as you walk out of the theater. so we're -- we're on the way to over 5 million subscribers by the end of the year. and that's when the -- the cash flow becomes positive. >> we locked at a chart showing us who goes to the movies by age demographic. who are your customers who is the biggest chunk of who uses this movie pass. >> that's the exciting part, is over half of the subscribers are millennials. those are the kids who grew up on subscription. and they really love that way of consuming entertainment. by the way, that's the group that's been abandoning the theaters at the highest rate. >> the questions i have for you, trying to figure out how you could possibly make money on
5:13 am
this. those are the same questions we used to ask netflix. how could you possibly get to a point where this becomes something you're not just giving stuff away. you used to work at netflix. is that where you got the ideas? >> yeah, you know, and the same thing there, what we found is that when you have a lowe price all you can eat model, yes you attract the people who you know are have voracious appetites. >> it's the all you can eat that people have come really hungry. >> that's the first wave of subscriber you get. but overtime if you are a low price you start to get the occasional movie goeer. what we found in about a year of research is the people who really want to go more often are those who only go to four or five a year. . they see the blockbuster gets though don't see the really good independent films. they say i'll just wait for netflix. >> are you intsz of netflix,
5:14 am
instead of cable, instead of hbo or those things? are you appealing to people who have that plus. >> you we want people to watch enemy on the big screen. if you think about the artist, the creative side that made the film, you know, they must be cringing when they see people watch the film the first time on an iphone phone. >> not as they intended. >> that's great we want that to happen. but the first -- the first time you should see it on a big screen. maybe not for every film. but so many films should be seen first and enjoyed with other people around you, on a big screen, with great sound. the experience of getting out to the theater with your friends is much more enjoyable than just sitting by yourself on an airplane watching a movie. >> done kick i saw on an aerp for the first time be would have been better on the wig screen thank you for joining us. >> my pleasure thank you. up next on the money. will the checkbook be replaced by your phone?
5:15 am
mobile wallet apps that let you send cash directly to someone else. but are the transactions safe? we will talk about that. and later how to eat well without breaking the bank. tips and trick
5:16 am
liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance.
5:17 am
instead of writing a keck or maybe using cash. has anyone ever asked to you venmo me or has your bank told you about zel. >> they're mobile apps that let you accept and receive money. personal financial correspondent sharon epperson is here to plain it. before we talk about the apps or things can you do. how safe is it? how secure. >> it's pretty safe. they have the you a thentation stuff where they have the incontraception software on the app so it's safe. the thing you have to remember there is no fraud protection. >> it's not using a credit card. >> it's not like using a credit card except that when you use a
5:18 am
credit card as the basis for the payment you will have some of the protections of the credit card perhaps. >> okay. >> but one thing you have to keep in mind is when you do this, we're talking about what are called peer to peer payment achs, that's something should be a person you know and trust. so that's why these companies are saying we're not saying -- not offering fraud protection. but nonyou are supposed to knows this is for friends and family. >> know who you're dealing with. >> know who you're dealing with. >> let's talk about the main ones, the veenmo and zellpvenmo is connectwood paypal. zell is what the banks tell you to use. what's the difference. >> venmo has been around longer. any millennial you talk to will ask about it. i found out about it from baby-sitter. you need to to have the contact information, email, phone number and request or pay for money. >> you have to have bank
5:19 am
account. >> theirs too. >> no, no all all you need is the email or the phone number. and what you can do is just put a little emoji in it. pizza emoji to let you know what you spent. a lot of people like the social feed as well. zell came out because many of the major banks wanted tom say way to also be able to. >> they realized they were losing out. >> exactly. when we talk about bank of america and chase all the major banks partnered with zell. you are you are able to do the same thing using the contacts on your phone. get the email or the phone number from the person as lo long as they are part a partnered bank. >> is there a limit? some of the early applications you couldn't do over $1,000. >> here is the thing. you should have the personal limit. >> right. >> because this is again is someone you know you don't want a huge sum of month on the apps. this is something that really is for those smaller items that you are doing like a dinner, paying
5:20 am
for a small payment por piano teacher, or baby-sitter, i'm telling what i do. but i have a mental note how much i want to spend. you want to make sure you are protected. and you want a record. and the one thing i like about i use zell is you are able to see you know who you have given the money to and who sent the money to you. >> keep track of it process. >> keep track. >> thank you so much. >> sure. >> when we come back. "on the money" a look at the news for the week ahead. and cooking up a meal for under $2. sounds take a look to be true. but we have the recipe for success next. .
5:21 am
( ♪ ) ♪ i feel like fire ( ♪ ) the 2018 cadillac xt5. ♪ worship me beauty, greater than the sum of its parts. get this low-mileage lease on this cadillac xt5 from around $329 per month. visit your local cadillac dealer. ( ♪ ) ♪ worship me ( ♪ ) dial your binge-watching up to eleven. for a limited time, get four unlimited lines for thirty-five bucks each. woah. and with netflix included, you can watch on any screen.
5:22 am
prrrrrrr... ...at t-mobile. ♪ we buy any car dot com ♪ ♪ we buy any car dot com ♪ ♪ any any any any ♪ did you know trading in your car at a dealer could cost you money? a recent study found consumers who trade in their car pay an average of $990 dollars more. so don't trade in... sell it.... to we buy any car. learn more and get your free online valuation now at we buy any car dot com ♪ find out how much your car is worth at webuyanycar.com ♪ i'm about to pop a cap of "mmm fresh" in that washer with unstopables in-wash scent boosters by downy. ah, it's so fresh. and it's going to last from wash to wear for up to 12 weeks. right, freshness for weeks! downy unstopables.
5:23 am
for a fresh too feisty to quit. and now try downy unstopables with the original scent of tide here are the stories coming up that may impact your money this week. on monday we get a read on the services sector with february's ism non-manufacturing report. it's also the dayna search engine yahoo! launched back in 1995. on wednesday we see how much debt americans are on credit cards in january with a consumer credit report. then on friday how many jobs were added or lorts for the month of february. guess what friday is also the national day of unplugging. so let's all plan to take a break from phones and other electronics. yeah, good luck with that. it is needed every now and again. imagine sitting down for a
5:24 am
home cooked meal for the price of just $2 a serving. you may say impossible. i do. but it's the premises behind struggle meals at the show created by entertainment skumt taste made it's available on facebook and youtube. and 10 million views. the host joins us now franky thank you for being here. >> thank you for having me. >> sounds ridiculous. $2 for a dinner? >> yeah if you cook for four people it's $8. you got to do the division. >> you didn't start off as a chef. >> no. >> how did you get the idea of being a chef and be b being somebody stretching a dollar. >> i studied music fruks at nyu. and nyu charged so much for a mandatory meal plan. >> if you were a student and you lived on campus. >> $11 for a meal. you have the freshman year you have to. $33 a day. insane. >> what happened? this was borne of necessity which is the mother of all great inventions. what did you do? you went out to see how can i
5:25 am
stretch the dollar? what can i actually do. >> i started using sugar packets from the cafeteria to make tomato sauces sweeter. now the packet drawer is fundamental struggle meals. what if rather than saying a tea spoon of shoeing oar we see a packet of sugar. >> everything that's free out there. >> free tlafr i have flavor that reduces cost a little bit. . the other way to get costs down is use everything. 40% of all the groceries go in the garbage. >> i saw this 40% go in the garbage why because we're not efficient. >> it's fresh and i go bad before i use it. >> let's say you look up a recipe by chef x. and it culls for six carrots but the grocery tells sells a bunch that has ten what happens the other four. >> they usually wither and die. >> that's 40%, right. >> but it doesn't mean you go buy six carrots. what do you go borrow six carrots. >> you get the burcham because
5:26 am
they want to you buy them. but in struggle meals we do three rerecipes in every episode there is a theme process carrots is the theme you have carrots braised, carrots steamed, grilled, and the idea is for you to get creative ideas so that you use the rest of the food. you can save 40% if you use everything. >> you brought props along. >> i did. >> which i can understand why beans are essential because 80s great cheap protein. but what's the difference wean these. >> well, man this is great. so this is about $2. >> um-hum. >> this is $1. and they look the same. do they not, becky. >> they do. >> but there is a difference. >> yeah. this is the dried stuff you have to cook yourself with the water. this has the water added. >> right so you would think oh the same because this costs double and when i soak them it only as well as to double the size. but it actually gets 240 times the size. it's bigger than double. funny trick on these. this isn't 16 ounces it's 15.5
5:27 am
they get a couple of pennies. 35% difference if you soak your own beans. and these taste better. >> yes. >> they taste way better. >> completely believe that. >> between technique and trying to use everything. you can say save tons. this is this is how restaurants stay in business. margins are slim. >> there have been 10 million views already. who the biggest group. >> i thought with it it would be struggling college students. >> millennials yeah. >> but i got a lot of single parents writing me thank you. >> great. >> i got a couple of kids this has been great. please make more. they are coming. and they are so superior. >> franky, thank you so much. i love the story and thank you for your time. >> my pleasure. >> that's the show for today. i'm becky quick. thank you for watching us. next we can, the equifax data breach isn't over. it turns out there are another 2.4 million people affected. we thought everybody in the country already had been. what you should do to limit that risk. each week keep it here. we're on the money.
5:28 am
have a great one. we will see you next weekend.
5:29 am
5:30 am
right now on "nbc 10 news toda today", getting out of the dark. crews are restoring power to tens of thousands still without electricity following friday's storm. we're live in a neighborhood expecting help this morning. cleaning up the mess. the storm knocked down so many trees, it will take time and effort to get them all cleared up. oh, my god! >> talk about a close call caught an camera. a downed tree and a blown transformer happening all at once in the aftermath of the storm. ed good thing is that the storm is out of here. now the cleanup. good morning. this is "nbc 10 news today." i'm rosemary

386 Views

info Stream Only

Uploaded by TV Archive on