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tv   On the Money  CNBC  February 25, 2017 5:30am-6:01am EST

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at the end of the day, like any piece of real estate, it's location, location, location. if you want to be in the hamptons, if you want to be on the ocean, there is no better place to be than the residences at gurney's. hi, everyone, welcome to "on the money." i'm becky quick. hard-core hackers. why protecting your e-mail is more than protecting your privacy. how hackers want to get in and cash in and how you can keep them out. >> it's a key to your online identity. friends with putin. russia on our side? the inside story from former chess champion garry kasparov. the diet plan to fit your personality. customize how to lose weight from one of the "the biggest loser" trainers. and going to the movies with comfy seats. no more cheesy hot dogs and nachos on date night. "on the money" starts right now.
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>> announcer: this is "on the money." your money, your life, your future. now becky quick. we begin with your e-mail. you probably use it every day, whether for work or play, but it's in hot demand. andrea day explains why hackers are willing to pay top dollar for access and what you stand to lose. that's our cover story. >> when a hacker compromised your e-mail account, his possibilities are limitless. >> reporter: from cracking into your bank accounts to taking over social media. >> once a hacker gains access to your e-mail account, he is you. >> reporter: amri is the ceo of a firm that specialists in protecting attacks from a baht, a program that sifts through files a lot faster than a person can. and when used maliciously, it can target e-mail accounts, cracking passwords in seconds. it's called a brut force attack, and hacked e-mail accounts are
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worth 10 to 20 times more than credit cards on the online market. here's why. >> he can go and log into any account that you have by simply clicking on the "forgot my password" and getting a new password. he can create new accounts by using your e-mail and faking your identity. he can each gain access to private information that your bank might ask to do an online transfer. ultimately, the hackers want to make money. >> reporter: and he says you won't have any idea until it's too late. >> you don't see anything. they take over your account. from there, they jump and they take over your social media account. within an hour, they'll drain your bank account, then shift items and try to infect your friends. >> reporter: how do they get your password to begin with? this is a live detect dashboard where you can see it in realtime. it doesn't take long, especially for a common password. >> users use on average only six
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passwords throughout their entire online identity. >> reporter: so, he says when a website is hacked, hackers can usually get into thousands of other accounts that are using a similar password. for "on the money," i'm andrea day. >> it is some scary stuff. joining us now to help us figure out how to protect ourselves from e-mail attacks, ceo of cybersecurity firm brainlink international and author of "unplugged." raj, thanks for being here today. >> glad to be here. >> we hear all the time about celebrities getting their e-mail hacked, maybe government officials, just individual people on the street, how much should they worry? >> you should worry about it, not the same as getting mugged in the streets, but if you're making over $100,000 a year, you're a prime target. because even though we may not think we're rich, globally, we are. for somebody in russia, ukraine,
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india, china, we make more money in a day than they'll make in a year or a month. >> so, how do you actually protect yourself if you're just the average person? how do you make sure that you're doing everything you can to keep yourself safe? >> so, if you go to your gmail account, go to account settings and there's tie toreutorials fo. you can enable two-factor authentication so when you log into your gmail, they will send you a code over text on your phone or on a google authenticator app or get something like a key from amazon. this is my gold card for everything i control. >> meaning you can't get into any of your accounts unless you have that card on you? >> yeah. people are getting good at picking passwords, so if you can do two-factor authentication. >> how do you know if you've been compromised? is there a way to tell this?
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or if your e-mail account is hacked, what happens? >> the average consumer really can't tell. the best way to tell is to keep an eye on your banking and your credit card accounts. so, every bank, thankfully, letso set up e-mail and text alerts quickly, both at work and at play. we have alerts on our checking account or credit card accounts on savings account, gives us daily balances. every time a transaction of "x" dollars occurs. >> you mentioned the banks. i thought the banks had the best security out there. why is it taking them and others so long to catch up? >> speaking for banks specifically, they -- when you look at i.d. theft, let's compare it to car theft. your car gets stolen what do you do? call the cops, you say my car got stolen. they do the investigation, you have insurance on it. your insurance company will make you as close to whole as possible. but looking at online banking and i.d. theft, we don't have such rules or controls. the banks really have no
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incentive to up the their security game, because at the end of the day, they're not picking up the tab for the cleanup, we are. if you look at the fbi and doj stats, in 2012, i.d. theft was a $24 billion crime. that's $10 billion more than all of our other property. >> i've had my account hacked into a couple of times, and the bank ends up reimbursing me. >> if you're a consumer, you have lots of leverage there, but if you go to your same bank and you open up a not for profit account or an account for your business or llc or girl scouts, boy scouts, those are considered nonconsumer accounts, and on those, every online transaction legally is considered a wire transfer. >> the long and short of it is be very careful if you're a consumer. >> be very careful, keep an eye on your account. set up the alerts, because those are free. and also, do business with institutions that support two-factor authentication, good security. right now, gmail, amazon, facebook and paypal have much better security than any banking institution out there. >> raj, thank you very much for your time. >> my pleasure. thank you.
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now here's what's making news as we head into a new week "on the money." setting a record is starting to sound like a broken record, but the stock market did it again this week. the dow with ten straight days of gains by thursday, each with a new high. the nasdaq didn't fair quite so well with the stretch of down days later in the week. stocks climbed on friday. the next interest rate hike by the federal reserve could be closer than you think. the fed kept rates steady at its last meeting and minutes released this week show that the next increase could be just around the corner. the fed meets again in march and is widely expected to raise rates at least three times this year. americans are buying existing homes at the fastest pace in a decade. sales rose 3.3% last month to an annual rate of 5.65 million. mortgage rates are starting to rise, and that may be pushing people to buy now instead of later when they think interest rates will be higher. and facebook and major league baseball are in talks about teaming up. the digital media company would reportedly stream one game a week on the site.
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it would expose baseball to a much younger audience, they hope, and expand facebook reach into sports. up next, we're "on the money." former chess champion garry kasparov wants to explain what russian president putin's next move could be when it comes to president trump. and later, one size does not fit all. how your personality may be the key to unlocking your ideal weight loss plan. right now, though, a look at how the stock market ended the week.
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and never go to the post office again. if putin likes donald trump, guess what, folks, that's called an asset, not a liability. >> that is the question. is it an asset or a liability? president trump has praised vladimir putin in statements and in tweets, but former chess champion garry kasparov is a longtime critic of the russian
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president. he's also the author of "winter is coming: why vladimir putin and the enemies of the free world must be stopped." and garry, thanks so much for joining us today. >> good morning. thank you. >> you know, president trump has professed admiration for the russian president. you've been a pro-democracy activist against putin. what do you see in putin that trump doesn't? >> trump's admiration for putin can be explained by, in general by trump's admiration for strong man, for the way the stronger men rule their countries, but i think there is probably something more sinister. >> there are a lot of people, though, who say that a more open relationship, at least having a dialogue, would be a good thing. that's what president trump has talked about. do you think there's any way that an open dialogue would benefit both countries? >> dialogue is always good, but the question is, you know, what are you going to discuss and what price are you willing to pay for improving relations? it seems to me from what i heard from donald trump, and actually, mostly came from his fired national security adviser, michael flynn, they wanted to cut a deal with putin, no matter
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what, at the expense of america's traditional allies and i don't mean the end of american global leadership. >> a lot of the accusations are hard to prove but have been aired out thoroughly in the media. do you think that makes it much more difficult for donald trump to actually go ahead and build bridges to russia, just because of the fallout that we've seen to this point already? >> but we're not in a court of law, you know? it's just, the burden of proof is actually on trump's side, because we heard a lot from him talking about vladimir putin, and basically finding an excuse for any crime putin committed in recent years. and again, while we're hearing this from american intelligence about converse between trump associates and his campaign staff and russian intelligence, again, it's for trump to show his taxes and just to prove that he's absolutely clean before he even sits with vladimir putin at the bargaining table and discuss long-term future. >> garry, you've made a lot of strong accusations against
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vladimir putin. you live in the united states now, but you did lead that democratic movement in russia. you've been arrested and detained by the russian government. do you fear for your safety or fear any retaliation that might occur just because of what you've been saying? >> it wouldn't help if i fear. yes, of course, no one is safe, even far away from russia, while harshly criticizing putin. but look, many of my friends, they stayed there, they fought to the bitter end, or many imprisoned, or got some of them leaving in exile. so, putin's russia, it's a one-man dictatorship with a fascist ideology that supports global instability. putin not just attacked the u.s. elections, but he has been doing it throughout europe, you know, trying to bring nationalists or far left parties into power. >> what's your ultimate goal? what would you like to see happen with vladimir putin? what do you think the ultimate outcome could be? >> as long as vladimir putin stays in power, he will continue this policy of confrontation
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because that's the core of his domestic propaganda. he has nothing else to offer to russian people. that's why, you know, attacking united states, attacking the free world, creating chaos and instability, that's the only justification for his endless stay in power. >> all right, garry kasparov, thank you for your time today. >> thank you. up next, we're "on the money." the fitness plan that works around your personality. why it could be the answer to getting and keeping the weight off. and later, the new way to go to the movies. dinner and drinks brought to you, but do you need a big budget to get those seats?
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we are two months into 2017, and many of us had a new year's resolution to get fit and lose weight. yeah, how many of you actually stuck with it? not so much over here. one fitness expert says the key is working with your personality. jen weeder strom is one of the trainers on nbc's "the biggest loser" and the author of "diet right for your personality." jen, thank you for being here. >> thank you! yeah, this is awesome! >> what does that mean, diet for your personality? >> i mean, listen, as your trainer, right, how could i possibly program a nutrition program and a workout without having you in mind? and so, what i found through a decade of training, what i've put into my book is that if you do not honor the individual, you're not going to see success in weight loss, in sustaining health, because one size just cannot fit all. >> is this something that you have personal experience with in terms of "the biggest loser," too? did you see it on the show? >> what was great about the show is, obviously, i get 24/7 with those guys, so i can see when i
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coach and when i try to implement something how people respond, you know? it's like a teacher in front of a classroom of students. we all learn differently. some people are better at math, some people are better at science, better readers, slower readers, whatever it is. so, just like a teacher in a classroom, a coach with my clients and contestants, i get to see what kind of behaviors, are there triggers, are there tendencies? what motivates them to get going? what are their defaults and kind of potholes in the kitchen that they struggle with? and it's my job to help them navigate that and that's what the book does. >> there's a personality quiz in here for everybody to figure out what type of person they are. it has questions like when there's good news and bad news what do you want to hear first? how do you feel about leftovers in doggie bad? if someone tells a bad story about you, how do you react? i think i'm a "d" person. what does that mean? >> the assessment is an opportunity for you to have self-recognition. it levels up your awareness about how do i feel when certain things happen? what is my pet peeve? for you, you're "d," an everyday
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hero. i'm an everyday hero as well. there are five personality traits. there's an organized doer, a swinger, a rebel, an everyday hero. not that kind of swinger. never ever. but an everyday hero is someone who tends to be last on their list. they're your best friend, you're in everyone's corner except your own. and if you would just be the friend to yourself that you are to others, you would have more success to your health and sustaining it. >> what would you tell me to do to stick on the diet? >> because your schedule is so maxed out, what i provided in the book is a diet that fits into that maxed-out lifestyle. you slow cook your monday meals. >> you actually have meal recipes in here, too. >> you have recipes that fit into your day. for everyday heroes, i have a snack stash, which basically means -- >> i have one in my purse! >> see, which is why you're -- >> protein. >> but that's what happens. we end up going, going, going. we're going to go to the drive-through -- >> i have cashews in the car and a protein bar in my purse. >> and that's what you need, because what's going to happen is you're never going to slow down to stop to get the snack or make the meal.
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you need it there so you can keep going and taking care of your day. that's just it. >> jen, i love it. thank you so much for joining us today. >> of course. >> the book's great. i'm already looking through, and check out your personality. >> yeah, direct your personality type. find out. >> really appreciate it. great to see you. >> of course. up next "on the money," a look at the news for the week ahead. and dinner and a movie used to be two stops, but now a theater chain combines fine dining and flick at the same time. and they're rolling up the red carpet for one of the biggest events, the oscars. to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.
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♪ here are the stories coming up that may impact your money this week. on monday we'll get durable goods orders for january. those are the items that last for a longer period of time, usually at least three years. on tuesday we'll get the second read for fourth-quarter gdp, and president trump will address a joint session of congress. also, get ready to party, everybody, it is mardi gras! fat tuesday is a legal holiday in louisiana. it marks the dark before lent begins, and hey, wherever you are, mardi gras is good to go. on wednesday, auto sales for the month of february. and it's also the day yellowstone officially became a national park back in 1872. hollywood's biggest night of the year is this weekend. we're talking, of course, about the oscars. and if you are planning on catching some of these winning films, there's a new way to go to the movies, one where you can actually drink and dine in wide, comfortable seats while you're catching the flick right there. hamid hashemi is with ipick
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entertainment. thank you for being here today. >> thank you, becky, for having me on your show. >> i like the idea of this, big seats, food and drink. how much is it going to cost me, though? what is the price range for a ticket? >> well, it really depends on what part of the country you're in. our tickets range from $14 to $29 in new york city. and you have service at your table, pillows and blanket. it's really a different way of watching a movie. basically, when you recline your seat, you're watching a movie in your own space. very much like you're watching a movie in your living room. >> right. these are movies, though, that are out at the same time at maybe the cinemax or the cineplex at the mall? >> yes. these are the most popular movies that are showcased every single week. in addition to traditional movies, we have a relationship with netflix where we exclusively show their movies in our theaters. >> you know, it strikes me that it's a great idea and a good way of actually luring people out of their living rooms, where a lot of people are now watching movies these days.
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but these are newly constructed theaters, and i would guess with the bigger seats, you have even fewer people in the theater, so how does it work out from a profit perspective? >> the reason it works so well is that people are actually spending more money when they're there. the food and beverage becomes a bigger component of our operation. we have a lot of relationship for partnerships, membership base, so there's other sources of revenue for us. we also have the ability to do concerts in these auditoriums. we have gaming. last year we did about 500 gaming events. so it really makes it a total destination for your night out. >> who's the primary audience who's coming in? is this date night type people who are coming in? >> sure. 90% of our guests are between ages of 21 and 54 with an average household income of $180,000. and you're correct, this is really the date crowd, it's the empty nesters, even mom and dad who left their kids at home with a babysitter. they're looking for a great night out. they want to include watching a movie, they want to have a great dining experience. this is one place you can go and
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have both of those two most common forms of entertainment under one roof. you really are condensing the time you're spending out. instead of getting in a car and driving from a restaurant to a movie theater, you can do it all in one location. >> yeah, seems like it's more efficient if you've got a babysitter on the clock, too. hamid, thank you very much for joining us today. we appreciate it. >> thank you. whether you go out to the movies or watch from home, the oscars will likely have a big influence on what you see. and for the second year in a row, a new york-based small business has a giant role in the oscars. our kate rogers reports from rock tavern, new york. >> reporter: polich tallix inc. couldn't be farther from hollywood in rock tavern, new york, but for the past 3 1/2 months, the company has been working on the prized oscar statuettes. the foundry may be best known these days for making the oscars but has been around for 47 years working with famed sculptors like jeff coombs. in fact, the oscars only account for 1% of their annual business. >> it's a big project for us. it's fun. it's exciting. it gets us a lot of press and
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attention. i mean, typically, our role in projects, when we're working for sculptors, we're sort of behind the scenes. >> reporter: the oscars are made in 12 steps, including being shipped to brooklyn to be plated in gold before being sent back to polich tallix for assembly. >> each one of these bronze castings has to be mirror polished. so, we start with very contemporary technology, move into modern processes, and ultimately, a very sort of old-world, hand craft. there's not a lot of places that you can go, even in the art community, where you can get all of that in one roof. >> reporter: the name tags are done in a 24-step process, and each nominee's name is engraved on a tag in advance. there were more than 230 of them. now, they will be at the oscars on saturday as the winners bring their prizes to the governor's ball after the ceremony to have their winning nametags screwed on. >> wait a second, does this guy already know who won all of them? >> no, they do all of the nominees. so, while they only did about 60
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or so oscars, they did more than 230 name tags. in that crazy 24-step process, he lost me after the iron casting and polishing, but i can't believe that much detail goes into these, but then they get to go not governor's ball. the winners bring them their statuettes and then they put the tags on. >> that is cool. >> i said you know, you're from the art world, do you care? were you star-struck? he said i got a little star-struck by leonardo dicaprio last year because he finally got his oscar after all these years. not a bad gig. >> not bad. i like it. that's the show for today. i'm becky quick. thank you so much for joining us. next week, warren buffett. why one of the world's richest men has real estate on his mind these days, and it may not be why you think. keach week, keep it right here. we're "on the money." have a great one and we'll see you next weekend.
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welcome to "options action" live from the nasdaq market site overlooking times square as the guys are getting set up. here's what's coming up to today's show. >> that's what traders are saying about one hot trump trade. we'll tell you what it is and how to profit. plus -- >> want to see something really scary? >> well, then look at shares of retailers. and there's one name that could really feel the pain next week. we'll give you the setup. and, talk about a shocker. tesla shares are going in reverse, and there's one reason why they could go a lot lower. we'll explain. the action starts right now. ♪

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