hi, everyone, welcome to "on the money." i'm becky quick. cute little helpers that can clean our floors but what happens when robots get smarter than us? the hot button issue of immigration reform. what it means to business and to you. the perks of personalized care aren't just for the super rich anymore. they may be within your budget. teaching inner city kids the ins and outs of finance. "on the money" starts right now. >> this is "on the money", your money, your life, your future, now becky quick. >> here's a look at what's making news as we head into a

new week. america's largest plist employer thinks its workers should get a raise. walmart will pay $9 an hour in april, that's $1.75 more than the federal minimum wage level. it covers 40% of the 500,000 workers. walmart's ceo says it's part of af strategy to retain employees and improve customer service. the dow toying with 18,000 and nasdaq with a strong showing. markets rose on friday. 2% fewer homes after a strong december. analysts say it's a sign of uneven demand in the housing market in spite of a low interest rate environment. italy's richest man who has been feeding sweed tooths around the word has died. the maker of nutella, the family's net worth is $23

billion, that's a lot of candy. whether we see them or not, more and more robots in our lichz, from conveniences like the room cleaning device roomba to life saving robotic assisted surgery. is there a point at which we should be a little concerned about robots getting smarter than we are? elon musk, thinks so. >> we should be very careful about artificial intelligence. if i were to guess at what the biggest threat is, it's probably that. with artificial intelligence we're summoning the demon. >> he joins us right now and disagrees with this. orin, thank you for joining us. it's not just elon musk, bill gates, steven hawkings who have they have concerned about artificial intelligence.

why do you think we shouldn't be? >> i think that we in quite simply have to separate science from science fiction. we have witnessing what's been called the i spring, used to be the i winter where the i wasn't going anywhere. we're starting to see preliminary steps and exciting fepz forward, but it is very far from ai arm ged done. basically the technologies we have are promising but they are nowhere near the technologies that hollywood portrays in the movies. >> let me step on it one second. you say we're a long way from an artificial intelligence arm ged don but we're possibly moving down that road? >> no, what i would say is that we're moving down the road where ai techniques were completely ineffe ineffectual, high hopes and a lot of hype but couldn't do

anything to a point where we're starting to see driverless cars around the corner where we're starting to see companies like google em bedding ai in their speech recognition, facebook and facial recognition, we're starting to see bonafide and successful applications but they are targeted. they have specific uses, often highly beneficial, they are not sky net. they are not -- >> rise of the machines, right, with terminator. >> the terminator robot, that's not what we have. >> is there a point where we'll actually see the robots and artificial intelligence gain its own consciousness and thereby be willing to make their own decisions and thinks we don't program into the machines? >> so i think there's a really important distinction to be made here and elon musk and others may be missing it and that's the distinction between intelligence and the one hand and autonomy on

the other. think of a situation you can have a lot of autonomy without having intelligence. a bunch of teenagers in a saturday night in downtown seattle. you have that and frankly, we already have that in the world of software, so viruses, cyber weapons, these are autonomous systems that can do a lot of damage. we need to have a vigorous discussion and ultimately careful safeguards on the aut autonomy of software. but in the world of ai, you'll see all types of intelligence programs, deep blue, ibm's watson, beat the world champion in jeopardy, highly targeted savants, they say watson didn't even know it won and deep blue will not play another chess game

unless you push a button. they have no free will. they have no autonomy. they are no more likely to do damage than your calculator is likely to start doing its own calculations. >> let's talk about some of the things that excite you about artificial intelligence. what do you think the best possible advances are in the near future? thinks that would help benefit? >> at the allen institute for artificial intelligence we're working on a program called semantic scholar, it attempts to navigate through the hundreds of academic papers and millions are coming out every year. we can direct scientists to the right papers and they are up on the latest advances. you see the efficacy of this and the importance of this nowhere more than when you talk about doctors, they are overwhelmed and busy and millions of academic studies coming out every year. that means when you go to see the doctor and you look at him or her in the face, you know that they do not have access to the latest information on the

drug they are prescribing you, on how it's side effects interact with maybe high cholesterol and that such thing. they need help. of the kind of program we are building down the road will help them. that's in the realm of search and scientists and doctors. in the other realm, if you think of driverless cars, there's a huge potential for these cars to literally save lives by preventing accidents and that's a huge opportunity. people get focused over what happens if this driverless car hits somebody and frankly, sooner or later that's going to happen. right now we have people hitting each other, 30,000 plus fatalities a year and we can reduce that number using intelligent technology. >> it's a good reminder and thank you very much for joining us today, orin. >> my pleasure. >> up next we're "on the money", a court ruling put a stop to the president's immigration plan. what could happen now and why it matters? and later how one organization

is looking to change the way kids think about business and finance by making money part of the classroom curriculum. right now as we head to a break, look at how the stock market ended the week.

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president president obama's plan for immigration reform was blocked by a texas judge's ruling. a executive order would have cleared the pathway for 11 million undocumented immigrants in the united states. joining us now with more on what this means to business and what's next is ben light, the chief politico correspondent. thank you for being here. what's the impact of ruling in terms of jobs and what happens

next? >> what's next is we wait for courts to decide, obama administration will appeal this and might end up in the supreme court. chances of getting resolved soon are not very good. this is going to take a while. a lot of people would have been affected, about 5 million who came here as children or have children who are legal residents of the united states and will continue to have work under the books basically in light of service industry jobs and restaurant industry, obama wanted to have a path for them to work here legally while they work on legal status. that's not going to happen. it makes it difficult for retailers and others who want to employee these people legally to do so. it puts all of that in question. >> it does. most of the undocumented workers are working in some of the lower paid jobs but there's also a question about the h 1b visas for high skilled individuals. >> it affects it on the margins,

the h1b question the tech industry is interested in, wants to hire more high skilled immigrants, there's a cap of about 65,000 now on these. it should be a lot higher than that so we don't lose out to other countries. >> especially when you are training these people here in this country and to the schools and sending them back. >> his executive order wouldn't have dealt with that and only congress can increase that number, what it would have done, helped them have their spouses work legally and made it easier to live and work in the united states. >> this has been a huge political football because of the grandstanding i guess you can say on both sides. >> you have republicans in congress who view any type of immigration reform that has a path to citizenship for the 11 million undocumented immigrants here as amnesty and that they won't before it. and there's presidential politics at play and people like rand paul and marco rubio and those running for president on

hard stances on deporting current immigrants. they want to find a path to legal status for a lot of these people. there's not going to be agreement on that going forward in this congress. it's possible in the next congress with a new president but that's down the road. >> someone like jeb bush has been much more in the middle of the road. >> precisely, the question for jeb bush, he says it's an act of love and wants a path to citizenship for undocumented immigrants and doesn't play well with republican primary electorate. he's going to say it's good for the economy, jobs and american workers and not going to take jobs from americans. if he can sell that to the electorate and win the white house, you may see a very different path forward under a president jeb bush, it's not going not impossible but difficult. >> the organization that helps make dollars and cents add up for kids. >> and concierge doctors, sounds

like something for folks with a whole lot of money, but it may not be what you think. we'll explain in a moment. boy: once upon a time, there was a nice house that lived with a family. one day, it started to rain. the house tried to keep out all the water, but water got inside and ruined everybody's everythings. the house thought she let the family down.

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>> in monday or of the tenth >> in monday or of the tenth anniversary of teaching kids financial literacy, they rang t rang the bell last month.

teaching kids that money really doesn't grow on kids among other things, joining us is sabrina lamb, and a student mogul there, welcome to both of you, great to see you. >> honor to be here, thank you so much. >> sabrina, tell us why you came up with this organization and how it works? >> sometimes in life you receive and ee pif fannie. and the whisper said what if children are learning what you're learning? and the second whisper, how different would my life have been if i received financial education as a child? the answer is totally different because i was the one -- the main driver of expenditures in my parents household. so i thought -- what we needed to do was together with financial presenters who work on wall street, we put together an institute that taught -- teaches children ages 7 to 18 everything

they need to know about money from how to think about it, the history of money, the flow of money and how they are worthy of having this conversation. >> you started when you were 12 in the program? >> i did. >> since that time, you're 17 now and you have taken what classes? >> i've taken everything from banking to investment, i learned about fico scores, credit reports, also learned about how to budget but i've just really enjoyed a lot of different classes. one of the best being mandarin chinese and computer programming. >> it's amazing. i looked at your resume and everything you've done, it's incredibly impressive. you look at her and we called her a mogul. why do we call her that? >> children need to be aligned with such a term as opposed to consumers or shoppers or what have you and moguls build a life

portfolio of not only consumerism but producing investing and most importantly, becky, service. >> the other thing you teach them, you have to show up in business casual, this is proper attire, you are teaching them life skills along the way? >> we say very frankly to parents and young people, serving the world looking like you're going to be an extra in a rap video will not serve the planet and prepare you for the work environment. >> so ciana, tell me what your favorite thing has been. you said mandarin chinese was up there. >> it was pretty fun just because we had the opportunity to take a trip to china and took over 80 individuals to china with us and we were coming to this country where it largely dominates the economy. you really have to be well versed in the language and have to be well versed in their culture and what they value so you can keep a very healthy interaction and relationship with the people you're doing

business with. >> sabrina, you've already had 3,000 kids who have gone through the program over the past ten years, what are the goals for the next ten years? >> the goal is to serve more, create more to replicate, not only in new york city, tri-state new york city area but across the country and to attract those people from wall street or philanthropic community who understand the urgency of financial education for children. >> do you have any words of wisdom for kids who might be considering something like this? >> i think you should dive in wholeheartedly honestly, it can be a little daunting at first because it's a language and a world that you might not be used to. it's not the playground but at the same time it's something you need to know. the sooner you get started, the better. >> by the way, you are considering a couple of good schools for college. >> definitely. >> which ones. >> columbia, i love new york city, i think it's going to be

my home. >> thank you so much for joining us today. i think it's fantastic. congratulations on ten years. >> thank you so much. >> up next, a look at the news for the week ahead. is it the next step in t, is it concierge doctor and is it right for you? blood sugar control for up to 24 hours. and levemir® helps lower your a1c. levemir® comes in flextouch the only prefilled insulin pen with no push-button extension. levemir® lasts 42 days without refrigeration. that's 50% longer than lantus®, which lasts 28 days. today i'm asking about levemir® flextouch. levemir® is a long-acting insulin used to control high blood sugar in adults and children with diabetes and is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic

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more on for more on our show, go to our website, otm.cnbc.com.

here are stories that may impact your money this week. on monday we'll get existing home sales for january. monday also marks 61 years since the polio vaccine and first mass inknock lags for children in 1954. on tuesday janet yellen begins testifying before congress. and wednesday we get new home sales and thursday, durable goods orders and on friday, the second estimate for fourth quarter gdp. the affordable health care act brought with it growing concerns about a shortage of primary care physicians. what exactly is concierge medicine and could it be right for you? sharon epperson has more on how it could impact your health and money and future? >> there's a lot more interest today and about 7% of doctors have said they switched to co e

concierge medicine by next year. many who changed say they want to be able to see fewer patients and spend more time with each one. at the same time, getting more personalized attention for a fee is appealing to many patients. >> do you want quick access to the doctor? do you feel you need to go all the time and you need specialized services that having a doctor hold your hand constantly will help you with? that's what you want. concierge medicine is likely for you. >> she says it's critical for people to first determine their health care personality and how much they use health care and complexity of the medical problems to determine the type of care they need and cost they incur and figure out whether a concierge doctor is an affordable option. >> what's the difference? >> the biggest difference is you can schedule an appointment

almost the next day, the same day in some situations, so you can get the doctor as soon as possible. you have a longer time with them. a lot of doctors say they have so much patients, as many as 3500 patients they have to see. they spend 15 minutes or less with you. a concierge doctor, 30 minutes and you don't have to wait as long to schedule that appointment. the other thing, they are always there on call. you can pick up the phone and they give you the cell phone and available to answer any questions you may have. >> what does it actually cost? i hear things like that and think you have to be pretty rich. >> it's affordable for many middle class people too. the majority of people pay between $135 to $150 for a co e concierge doctor. >> for family. >> that's per person. >> and you may have to check with the doctor about what exactly they may be billing you

for, laboratory tests and catastrophic illness or injury won't be covered by the retainer fee. >> it's a perfect think for a hype con dree yak. >> i think of people who do want to know and they want to be able to ask questions, and there's so much information available out there. you want to call your doctor and find out it might be right for you. i have a regular hekt insurance plan, many doctors will take insurance but the way to use insurance may be changing a bit too. peoplemy want to look at high deductable health care program and using money to pay retainer fee to get a concierge doctor. >> 70% of doctors plan to shift over to this, it will be even harder to find a primary traditional doctor? >> not necessarily that it's harder to finds one but one that takes the amount of time you

want, yes, it may be more and more difficult. they can be affordable. look at the health insurance plan and what other options may be available to you for health insurance and see how perhaps working with a concierge doctor works for you. if you don't like to go to the doctor, this isn't for you. >> thank you, sharon. >> that is the show for today, i'm becky quick, thank you so much for joining me. next week the best new money app to help you save money and get better grip on finances. have a great weekend, everybody, and we'll see you next weekend. what does it mean to have an unlimited mileage warranty on a certified pre-owned mercedes-benz? what does it mean to drive as far as you want... for up to three years... and be covered? it means your odometer...

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last night four dogs won their groups here at madison square garden. tonight three more will be group winners but only one will be crowned best in show. the westminster kennel club dog show dating back 138 years is a spectacle rich in history, tradition, and most importantly sweet, loveable dogs. >> thank you all. i love them all. tonight's the sussix. >> the peek can i niece. >> the list of past champions is impressive.