and possibility of this collection as a singular museum like none other that's ever been created. now, that would be one exquisite exhibit. hi, everyone welcome to "on the mon." i'm contessa brewer, in for becky quick. a stomach-turning week for stocks ready to get behind the wheel of your new car wait, the next step beyond self-driving is coming soon. no accelerator, brakes, steering wheel, no problem. finding love with what you hate the new app. and what on earth is chocolate pizza. one young man's amazing success story. "on the money" starts right now.

this is "on the money. your money, your life, your future we begin with a peek into the future it's arriving sooner than you think. new cars that will have you in the driver's seat. you won't be doing any of the braking or accelerating because you can't. that's because these cars don't have steering wheels or pedals we have the cover story turning point. >> reporter: this is the future according to general motors. a self-driving car without a steering wheel and pedals. driving around cities. >> there will be an adoption curve. there will be time for people to get used to the idea everything we're doing is all about safety we want people to feel comfortable with the technology from the outset. >> reporter: gm is asking the federal government the waive vehicle rules that have been in place for decades. so it can put self-driving cars on the roads without steering

wheels and other controls. back to the days of henry ford, steering wheels and gas pedals have been at the heart of every car and truck. gm and other auto makers believe there is though need for a steering wheel if there is no driver >> we see them deployed in a ride-share environment we're aiming to have maximum space available inside the vehicle. as passengers. as customers is a benefit of what we're doing >> reporter: other companies like waymo are developing self-driving cars without steering wheels. late last year, an autonomous drive shuttle without a driver hit the strip in vegas and was almost immediately hit by another vehicle. it raises the question, will the public feel comfortable in a car if there's no way to take over steering in an emergency >> sounds very dangerous >> i would feel safe >> i would prefer an option to

take control of the vehicle and remove it from automation. but i think, hopefully, the company put the time and effort and tried to protect the users >> reporter: gm's steering wheel-fwree car has an emergency button riders can press if they want to stop the car immediately. otherwise, gm says these self-driving chevy volts will nowhere to go. without a driver or a steering wheel. >> will we all be passengers in the car of the future? rebaek ka is an executive analyst at kelley blue book. thank you for joining us the first time you pull up to a stoplight and look over and see a car that doesn't have a driver, it will be a shock to the system when will we start seeing these cars >> we're seeing them in certain locations, contessa. it will be awhile before they really overtake the industry and it's interesting that you

use that example i'll often tell people when you get to a four-way stop that is a very social experience you all get there at the same time you have to look at each other the car won't be able to do that there's been instances where, on a test track, everyone stops and nobody can go because nobody knows who go next. so, there's small things that we still have to overcome but, i think it's going to be quite a few years before we see these really deployed widespread cross the country. >> and the federal government still has to approve a car without a steering wheel >> yes >> how do the manufacturers go forward and demonstrate to the federal government and to us as customers that they can satisfy those safety requirements? >> one of the things that is very important is that the government is a partner in the development of these -- this technology as you say, the regulations.

i don't want regulations to stymie the creativity and development. we have to have a fluid marketplace here in order no come up with new solutions for those things like what do you do at a four-way stop the socialization of driving the more we can cooperate with the government and the more the government is a partner in the expansion, the better off everyone will be and the faster we'll get to adoption of some of the safe technologies >> phil mentioned in the story they're being designed for ride-sharing services like uber and lyft are we going to see customers buying driverless cars to have >> this is all part of the question mark we still have. what does that look like is the what was ownership look like in the puch the youngest generation, generation "z" sometimes it's

called, those people born after 2003, they'll be the most comfortable of this concept of ride-sharing of not having a steering wheel of just getting into a pod >> what about insurance? it's a big thing that comes into play phil mentioned the demonstration in las vegas and the car immediately gets hit where will insurance rates come down on this >> the insurance companies, on the one hand, some are salivating especially the attorneys and on the other hand, they're saying we're never going to inhur that that will never happen there's all these barriers to actually deploying these types of vehicles. now, you know, gm has ride-sharing they have ride-hailing in maven. they have an interest in lyft. we're working through some of these issues and challenges and obstacles. it is still very, very complicated. >> i will say. i have a brand-new 2018 car that has safety features i have never

owned in a car it's already saved me from a fender bender with the alerts and all of that. we're already heading the way where the car does know more than me, i hate to admit it. rebecca, thank you for joining us >> right thank you. >> up next, we're "on the money. after a whiplash-inducing week in the stock market, what should you do with your retirement money? if your nerves are frazzled, you're not alone and later, finding love through hate how this went from a bit in a comedy routine to an app with more than a million downloads. now, take a look at how the stock market ended the week.

here's a look at what's making news as we head into a new week even if you have a strong

stomach, if you have money in this stock market, this was an interesting week the dow had its worst one-day point drop ever on monday. as a percentage, nowhere near a record and volatility returned to stock after one of the quietest years on record. stocks bounced back tuesday. then continued on the roller coaster ride the rest of the week tumbling more than 1,000 points again on thursday. the s&p 500 followed along falling nearly 3% thursday the nasdaq had its worst day on thursday since june of 2016. the moves, in part, based on concerns about rising interest rates and the return of inflation. america's services sector is doing just fine. the ism nonmanufacturing index hit a 12-year high in january, pushed by an increase in new orders and capital spending. this is the latest sign of a strengthening economy at the start of the year.

amazon's whole foods will test a new grocery delivery service in four cities it begins if austin, cincinnati, dallas, and virginia beach it's available to prime members and guarantees free, two-hour delivery for orders of more than $35. this was the wild roller coaster week for stocks. the steep dives have rattled nerves and shaken safe vers >> i'm stressed. but time son our side. >> the market's gone straight up i don't think it's unusual to have a pullback. you have to invest for the long term >> i'll still contribute there's waxes and wanes. we'll have to wait it out. >> this is kind of the first down if awhile hopefully, it will pick up i'm really not worried yet >> david kelly is j.p. morgan asset management chief global strategist david, good to talk to you this morning. >> glad to be here >> we just heard from people

concerned by the market swings what is your best advice after a wild week? >> think you can do an fvp test. fundamenta fundamentals, valuations, anlds positi positioning. the first thing you ask is, how have the fundamentals changed? they vhaven't. interest rates are slowly moving up it's just a healthy economy. valuations the stock market is a little bit more ek pensive than average bonds are push more expensive than average u.s. stocks still look a little bit cheap relative to u.s. bonds. and the real question is positioning. nice to hear people think about their own portfolios swings will occur. are you positioned correctly for the long run >> should you have less money depending on age more money in bonds? how do you guide people about how to distribute that

>> well, generally speaking, as you get older, you should try to be a little safer. it's a little by trickier today. interest rates are so low. the bond rate is not as safe as it used to be. be a little bit overweight on stocks than bonds. have a little bit in short duration things close to cash to act as ball lasts the other thing is, invest around the world the u.s. stock markets had a very long run. the international stock markets are doing better i think it's a lot of opportunity if overseas equities people should take advantage of that >> a lot of expert investors are looking at volatility. nay have special indices >> i don't think it will be that long volatility is normal it's not normally distributed. it's either very high or very low. we have switched on to a very high regime. it could last a few days, a few

weeks. once the market calms down or settles down in fact, probably settles up to higher levels, i think volatility will come back down we have relative stable long-term interest rates there is not much opportunity in other asset classes outside of stocks that's made volatility low to this point you'll have technical issues from time to time. in the long run, i think volatility will be lower >> you're seeing the stock market landing 10% off of its highing, or the volatility, do you recommend going in if the midst of all of it and sarks how should i balance my long-term retirement savings plan? >> it's a good time to take a look am i positioned the way i want to be positioned i urge people not make impulsive moves here

the main problem is a lot of investors don't have enough international equities if you go back the last 35, 40 years, a 14% correction in a year is normal >> david kelly, thank you so much for adding perspective and insight. >> any time. up next, we're "on the money. cargo shorts hate 'em daylight savings time? the worst. the new app that matches people based on the topics they hate. and later, pizza just got a little sweeter the pie your valentine might crave this year. ead more. how do they find the time? with audible. audible has the world's largest selection of audiobooks. books like peak performance... and endurance. books that energize and inspire for just $14.95 a month. less than you'd pay for the hardcover.

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when it comes to finlding love, folks are embracing technology fearly 60% say online dating is a good way to meet people. and most services match people based on their shared interests. but hater is taking a different approach it's an app that is finding love through the things you hate. brendan alper is the ceo of hater joins us now how did you come up with the concept of finding someone based on the thought that they hate the same thing you do? >> i started in finance. and quit to be a comedy writer i told everyone about hater, i thought, this has to be a real app. >> when did you launch

>> february of last year just about a year ago, on valentine's day. >> osf course perfectly for valentine's day. what have row found by matching people by the things they hate >> people who hate the same things actually form closer bonds than people who love the same things. and, it makes intuitive sense, i guess. but, you know, you just feel more intimate with someone when you hate the same things >> has anybody found true love through hate >> we don't have any marriages yet. it's only been a year. we do have people dating for pretty much a whole year we had one couple last year hated the super bowl they got together during the super bowl >> who hates the super bowl, just as an aside what are the topmost hated things >> this year, bullies. tangled earphones. and slow walkers >> yeah, i can see having long conversations about that and how it might morph into something else

>> exactly >> are you making any money at this >> right now, we're not monetizing we're doing some advertising with partners. we're working on a premium subscription that will come out this year. >> i like to think of myself as an optimist. then when i'm thinking about finding someone through hate, it just seems to negative to me is your relationship doomed to a glass half empty sort of journey? yeah >> i mean, we get that a lot certainly. there are optimists and pessimists out there we really emphasize that this is about hating stubbing your toe or, you know, crowded subway it's not about hating groups of people >> you can break it down by states like, oh, some states hate this the most are there any funny stories? >> yeah, we dade study we figured out what each state hates the most and what food each state hates the most. we put up graphics that went viral.

>> oregon hates spin class and california hates the fingt spinners who doesn't hate those >> next, we're monetizing this year and rolling out some big features we think lit change the dating game >> thank you for coming in, brendan. good luck in finding hate/love up next "on the money" a look at the news for the week ahead. and how this chocolate company is making name for itself with pizza.

here are the stories that may affect your money this week. on monday, president trump unveils his infrastructure plan. it's expected to total $1.5 trillion over the next ten years. nearly 3,000 dogs will compete in the westminster dog show on wednesday, we'll see how retailers fared last month and flowers, chocolate, or a nice dinner may be in your future or at least in mine, i hope. valentine's day is wednesday and on friday, how many new homes were started in january. this valentine's day, why not think outside the traditional box. rhino vak is the owner of the chocolate pizza company. as a kid, he loved visiting the store with his mom he started working there as a dishwasher when college, he took the plunge and

bought the company at age 21 ryan, great to have you here first of all, we have to give a shoutout to our joint alma mater, syracuse. you were studying entreprene entrepreneurship there was that a big driver for you? >> yes, it was huge. the entrepreneurship program gave me a feel for what it would take to run a business in my senior year, i had the chance to buy the company. i said, let's go for it. >> tell me about it. chocolate has been around forever. how did you decide to offer something different. >> i wanted to do something unique with chocolate. there's a chocolate shop everywhere you look. chocolate pizza is something you don't see. we took a premium, high-quality, swiss chocolate. put it in a pizza box and sold it as a kour may, high-end chocolate. >> it's a bit of a novelty

how do you eat it? >> break it into pieces. >> wait. or we have this one right here can i take this one? >> yeah. >> not destroy the set but this one is a valentine's day one. >> absolutely. >> how did you find customers to be able to grow the business because it is such a novelty >> it's such a great product when somebody receives a chocolate pizza. they're so excite because they have never seen anything like it they want to give to it the next person to receive it >> you have all kinds of different toppings >> our candy-topped pizza. >> what is bigger? retail bricks and mortar or online >> we put a lot of time into growing our website. we know being able to go online, order a pizza, having in a day or two is a huge advantage >> how do you advertise it >> facebook marketing. continuing to get our name out with different programs and shows. it's a fun, unique, great gift >> i understand that you're constantlying look for new ways

to deliver this product. so, what about airports? >> we're working with local airports laguardia and jfk will have them in some of their shops there it's fun in the new york area. we're a new york company >> as a small business owner, are you looking ahead at next year and the tax laws and all of that >> absolutely. >> and how might it affect your business >> absolutely. anytime there's economic excitement and optimism, it's great in our business. we saw great increase if 2017 in our business there was optimism that translated into bigger online sales. we have corporate business we saw a big increase in our corp corporate business this year, they upgraded to our peanut butter wings and gift baskets. >> who is the big competition? >> harry & david the edible arrangements shari's berries. we take a unique strategy.

it's a chocolate pizza it's something no one else has it's a trademarked product >> you don't need a pizza wheel. here's the valentine piece let me taste it's really good happy valentine's day. >> thank you happy valentine's day. >> how much has your business grown? >> 600% since i bought the business >> and that's the sweet show for today. i'm contessa brewer. thank you for joining us becky will be back next week next week, facebook, snapchat, instagram and more how to keep your kid safe on social media each week, keep it right here. we are "on the money." see you next weekend have a great one

breaking news. you're watching "options action" on what has been a roller coaster week for stocks. the dow bouncing in and out of correction territory and erasing all of its gains this year the index tanking as much as 1600 points at the lows on monday the dow traveling 22,000 point this is week with major inter-day swings all week. and closing out today, higher by more than 300 points the hordest hit, energy. crude breaking 60 for the first time this year that could be your