hi, everyone, welcome to on mon money, i'm becky quick one company says an implantable chip is a wave of the future snapchat, teens love it, but it may know more about them than you would like how to turn off an option that could lead to problems travel insurance, is it worth the price? what's cover and what's not. amazon's alexa she can do more than play music, she can play a role in home health care for seniors. >> what are my activities for today? and the rise of rose why so many people think pink when it comes to summer wines.

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 they'll insert a tiny microchip under the skin would you do it? that's today's cover story chipping in. it wasn't the traditional office party. last week in wisconsin, three-square market, a provider of self-service 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 it's not bad >> they each let the company insert a $ 00 microchip, the size of a grain of rice, right into their hand. >> that's 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 don't 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 haven't seen a lot of research on long-term health effects and it kind of freaks me out a little bit there's a foreign object going into your body todd westby is threesquare market's ceo, thanks for being here today. >> thanks for having me. >> why did your company decide to do it >> well if you're a technology company, things like this are actually exciting. we don't 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 don't know, i guess you could say cool something different. we never expected honestly what happened since we did it we didn't 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 didn't? >> well i think people did it mainly because they were informed and told exactly what it can can do and what it can't do and what it does do and doesn't 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. >> you've got a microchip in your hand. you decided to go with it. did it hurt? how does it feel and what's 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, you've 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 doesn't hurt at all. >> stepping, does it feel like that all the time or just when you first get it put in. >> just initially when it's 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 don't know it's 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. it's up to the employees

>> an employee retention policy, because we're not going to take it out, it's going to stay therefore ever, so we're 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 doesn't 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 i'm coming into work and when i'm 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 it's 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 here's a look at what's 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 one-month 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 you're looking for disney or pixar movies on netflix, you won't 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, we're on the money, the new social media app that's a big deal to teens, but parents beware, there may be some big risks attached to it it's too early to call it nurse alexa. but the voice-powered 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 it's called snap map and as andrea day reports, some worry users, especially teenagers, are just sharing too much >> oh, there's two of my friends hanging out right now.

>> see that bit moeji, that's 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? she's in sweden. >> hot spots show where big crowds are all snapping. >> there's 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 >> there's 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 don't look at it and don't understand some of the scope of what they're agreeing to. >> according to him, it's 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 it's easy to forget to turn it off and wind up being tracked. gps tracking apps like this are already on law enforcement's radar. >> it creates almost kind of a flash mob mentality. >> former lapd chief michael downing says showing where big crowds are in real-time 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, location-share 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 13-year-old 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 don't 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, i'm in sweden, hey, i'm here. constantly want to show it >> andrea, thank you very much voice-powered assistants like amazon's 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 didn't understand why i needed this. >> the 81-year-old 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, it's no time at

all. >> nurses and health aides at liberty home health testing the alexa home health program say it's 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 2-year-old boston start-up >> 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. >> they're 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. >> they're not working on consumer health apps, but scripps health manager said

amazon's health and apple technology combined with machine learning could prove to be a game-changer in consumer health. >> the ability to interact with an individual consumer with, their data and the world's medical literature, no one has done that yet. >> it's 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 she's 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 always-on devices. up next, we're on the

money -- hurricane, blizzard, flooding nothing you want to see when you're on vacation what if it actually happens? we'll tell you what you need to know about travel insurance. and later, it's 5:00 somewhere -- why rose-colored 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

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hey you've 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? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm 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 what's 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 it's 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 there's 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 isn't. >> 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 it's a medical condition. >> that's 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 >> it's about 10% of the cost of the trip if you're 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 can't 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 wouldn't have paid for that. >> you're kidding me. >> but if you have the extra ens dorisment, that gives you a cancel for any reason. >> basically don't 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 it's 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 that's selling like hotcakes snap! so it's out of sight... ...and out of mind. always discreet. for bladder leaks.

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here are the stories coming up that may impact your money. tuesday brings the closely-watched 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, we'll be getting a measure of the economy with the release of the industrial production data for july and we'll get the first estimate of consumer sentiment for august it's not quite red and it's not quite white. lots of wine drinkers used to

turn up their noses at rose, but the blush-colored 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 we're going through a peak right now and there's 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 what's behind the strong demand?

think pink, experts say it's 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, that's a good trend >> the key customer is women mostly >> it's the right amount of spicy and sweet. >> lately we've been actually freezing it. >> it's 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 we're seeing in the wine space. >> we're going to tell you, i haven't 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, let's 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 >> that's good >> i like this >> crisp, light. >> i think that one better >> but you know what, rose is a good thing and you're right, i had turned up my nose for years. i'm 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. that's the show for today, i'm becky quick, thank you so much for joining us. next week, a wall street investor who is funding the search for a cure for parkinson's, got a very personal stake in this fight this is an interview you don't want to miss each week keep it here, we're "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 gordo's... everything. i love you, but sometimes you stink.

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hey there, we're live at the nasdaq after a wild week for the markets, the guys are getting ready and here's what's coming up on the show i love gold. >> after the week gold just had? there's much to love and there's something in the charts that suggest it's going to get even better plus, it's 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 it's time to short home depot. we've got the answer and how would you like to buy beaten shares of