welcome to "on the money," i'm becky quick. slamming the door on school violence the unique approach in one school that may be a model for others. it's oscar weekend want to go to a lot of movies but only pay a little? there's an app for that. making sense of your mobile wallet have you venmoed anybody recently and the man who says you can have a good meal for just $2 a serving. "on the money starts right now." >> announcer: this is "on the money," your money, your life, your future. students at marjory stoneman

douglas high school in florida returned to class this week after the mass shooting two weeks ago that left 17 dead. and yet again across the country parents, teachers, students, and school administrators are asking how can we keep our schools safe that's this week's cover story >> reporter: this high school with 1900 students and 100 staff members is in newark, california, bull it could just 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 that we get from anyone is really how safe our school is. that's the question people ask before they even get to academic questions. >> reporter: security is already robust here, fencing, signs, guards superintendent patrick san kchez says they have cameras and a sound system that detects and

locates gunshots anywhere on campus but they could use more. >> in a district this size of 6,000 students, personnel alone increase would probably be three million. >> reporter: plenty of companies are happy to help. indiana based allegiance has a gadget that locks doors at the click of a button. >> it will help drive awareness and planning for high school security >> reporter: the industry helps fund a nonprofit, the partner alliance for safer schools, which says at the very least schools should consider upgrading their 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 typical high school. of course, the organization is running 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 your front entranceway and throwing up additional cameras, it's what's behind that fortified entranceway in terms of the school climate, the culture, the training, the people side of school safety that really makes school safety different and more important and meaningful >> reporter: 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" i'm scott cohn in newark, california. with limited resources, what should school administrations do to try to keep school safe indiana has a unique approach. it's a dedicated school safety specialist in every district should this strategy be implemented in every state joining us to talk about the program is dr. jennifer mccormick, she is indiana's superintendent of public instructi instruction. thank you for joining us today. >> thank you for having me. >> i know indiana is one of just 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, those are our public school districts. most have between two to five and those are our go to contact folks to make sure our schools have the training they need, to make sure they are the contact for internal and external stakeholders, make sure we have a great plan in place in each district and make sure those drills are being done efficiently. >> is that a full-time job in each situation a person who's been hired to do just that? >> not traditionally typically it's an assistant principal, a principal, sometimes, a superintendent, a school resource officer. it depends on each district. every one is very different. >> what have you been hearing from parents and teachers about safety issues in indiana schools in light of the recent events? >> we're hearing a lot from administrators asking for further guidance and support our districts are doing a great job.

there are concerns out there that we're hearing from. we're hearing from school board members, parents who are saying are we safe enough and so there is an uptick in urgency, there's a lot of conversation and they want to know what we'll do to make it better >> how is the program funded that's a huge issue. schools are cramabling for fubtding for all sorts of things how does this fit into that picture? >> we haves about $250,000 that runs through a criminal justice institute grant and so the school safety academy is going on since 1999, we've not had an increase in funding for that program and we're not asking for any increase in funding that indiana will go after, we want to go directly to our local districts. >> have you heard from other states that might be interested in implementing similar strategies >> we have, dave woodward who is in charge of our academy does a great job of reaching out. we are open to anyone who would like to participate. states have reached out, asked great questions, a few have tried to implement it's quite a lift. it takes a lot of time and

commitment across agencies but we would be more than happy to share with my state who is interested what do you think the potential solutions are to this growing problem where we see these issues happening more and more frequently is it more security like the piece we talked about? is it making sure that you have mental health resources? what do you hear back from teachers >> it's complex. so teachers are asking administrators, parents, students, and so school safety is a very complex issue that's going to take a multifaceted approach to solutions and so part of that is conversation about policy, where are we going to go with gun safety, background checks, those are conversations we need to have. another piece is relationships our school safety officers do a great job of training our staffs to say what are those red flags we should be looking for and where are the resources? indiana has done a good job of looking across agencies to say what's our system of care look like and how are we getting help to those who need it and how are

we doing that in a way that's accessible there are a lot of layers that i think it takes people to be at the table to find solutions. >> dr. mccormick, i want to thank you for your time today. >> thank you now here's a look at what's making news as we head into a new week "on the money." president trump says he will approve new tariffs on foreign steel and aluminum makers. the president says that 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 even housing it could also potentially trigger a trade war if other countries decide to impose tariffs against the united states in retaliation. all of that news sent stocks tumbling on thursday with the dow falling more than 400 points that action followed two days of triple-digit losses. the nasdaq and the s&p 500 had ugly weeks as well and stocks were mixed on friday

america's economy is chugging along. the second reading of the fourth quarter gross domestic product came in at 2.5%, that was slightly weaker than first 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 night? well, for just ten bucks a month, you could catch a new film in the theater everyday, but as usual, there's a catch. and later, sending and receiving money from an app on your phone person-to-person payments are easy, but are they safe? right now a look at how the stock market ended the week.

the academy awards are

handed out this weekend. if you want to see the oscar nominees -- or any film in theaters but you want to save money, too -- there's a new way to do that it's called movie pass, a monthly pass that lets you see one movie a day, everyday for $9.95 a month. that's about the price of a netflix subscription mitch lowe is a movie pass ceo and a former netflix executive thanks for being here oday. >> thank you. >> this sounds like a deal that's way too good to be true sounds like i make out on fit i go to the movies just twice a month. how does it work >> the whole idea is to reenergize the theatrical movie going audience and if you can build a big subscription base, a big user pool of people going to the movies, it benefits everybody. it benefits film goers, filmmakers, the theaters. >> you have two million subscribers right now. when will you be profitable? >> we think next year some time. this is investing in building a

big subscriber base that we can monetize it's not unlike facebook where, you know, it's essentially free to use facebook but they're going to monetize all the information and help sell things -- help businesses 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 on the way to over five million subscribers by the end of the year, and that's when the cash flow starts to become positive. >> we just looked at a chart that showed us who actually goes to the movies by age demographic. who are your customers who's the biggest chunk of who's using this movie pass? >> that's the exciting part is over half of our subscribers are millennials. those are the kids who grew up on subscription and they love

that way of consuming entertainment. by the way, that's the group that has been abandoning the theaters at the highest rate. >> the questions i had for you trying to figure out how you could make money on this, those are the same sort of questions that we used to ask netflix, how could you possibly get to a point where this becomes something that you're not just giving stuff away. you used to work at netflix. is that where you kind of got all these ideas? >> yeah. and the same thing there what we found is thatwhen you have a low price all you can eat model, yes, you attract the people who are -- very voracious appetites. >> like the all you can eat buffet it's the people who are really hungry who show up for these things >> exactly that's the first wave of subscriber you get but over time if you're low price you start to get the occasional moviegoer and what we've found in about a year of research is that the people who really want to go more often are those moviegoers who only go to four or five films a year. they see the big blockbuster

hits but they don't go see the "i, tonya" or the "lady bird," the good independent film, they say "i'll just wait for netflix. >> are you instead of netflix, instead of cable, instead of hbo? are you appealing to people who have that plus you >> we want people to watch them on the big screen. if you think about the artist, the creative side that made the film, they must be cringing when they see people watch their film for the first time on an iphone. >> yeah, that's not the way they intended >> no. and -- but that's great. we all wantthat to happen, but the first time you should see it is 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 movies. >> i was going to say "dunkirk"

i saw on an airplane for the first time it would have been better on the big screen mitch, thank you for joining us. >> my pleasure, thank you. up next, we are on the money. will your checkbook be replaced by your phone? mobile wallet apps that let you send cash directly to someone else but are these transactions safe? we will talk about that. later, how to eat well without breaking the bank. tips and tricks to keep foot costs down you know what's awesome? gig-speed internet.

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instead of writing a check or maybe using cash, has anyone ever ask you to venmo me, or has your bank been telling you about zell they're mobile wallet apps that let you share money on your smartphone sharon epperson is here to talk about this but before we talk about these apps, how safe is it >> it's generally safe they have the authentication software, they have the encryption software on the apps so that it's generally safe. but the thing you have to remember is there's no fraud protection for these apps. >> so it's not like using a credit card. >> it's not like using a credit card except that when you use a credit card as the basis for the payment, you will have some of the protections of that credit card perhaps. >> okay. >> but one thing you have to keep in mind as well, when you're doing this, when we're talking what about are called peer-to-peer payment apps, that is something that should be a person that you know and trust and so that's why these companies are saying we're not

saying that -- we're not offering fraud protection, but you're supposed to know this is for friends and family. >> okay. so know who you're dealing with. let's talk about the two main ones we mentioned, venmo and zelle, that's the fancy new one, connected with paypal, zelle is one the banks are telling you to use. >> venmo has been around longer and venmo is probably -- any millennial you talk to says "can you venmo me." i found out about it from a babysitter it works you need to have their contact information, e-mail, phone number and you can request or pay for money. >> you don't need bank account information. >> you have to have your bank account information. >> theirs, too >> no. all you need is the e-mail and phone number and what you can do is put an emoji in, a pizza emoji to let you know what you spent. a lot of people like the social feed zelle came out because many major banks wanted to have some

way for you to also be able to -- >> they realized they were losing out. >> exactly so when we're talking about bank of america and chase and all of these major banks are now partnered with zelle, you are able to do the same thing, you can use the contacts on your phone, you can also e-mail -- get the e-mail or the phone number from the person as long as they're a part of a zell partnered bank as well. >> is there a limit? up to $1,000 up to $2,000 some of the early applications i remember you could don't over a thousand dollars >> here's the thing. i would say you should have a personal limit this is someone you know but you don't want to put a huge sum of money on these apps. this is something that is for those smaller items you're doing like a dinner, like paying for a small payment for piano teacher or babysitter i'm telling you what i do. i have a mental note of how much i want to spend because you want to make sure you're protected and you want to make sure you have a record and the one thing i do like about zelle is you are

able to see who you've given this money to and who you've sent the money to. >> keep track of it all. sharon, thank you so much. >> sure. when we come back, a look at the news for the week ahead. and cooking up a meal for under $2 i know it sounds too good to be true but one entrepreneur found a way. we have his recipe for success next

here are the stories coming up that may impact your money

this week. on monday we'll be getting a read on the services sector with february's ism non-manufacturing report it's also the day that search engine yahoo launched back in 1995 on wednesday, we'll see how much debt americans had on their credit cards in january with a consumer credit card report. on friday, we'll see how many jobs were added or lost for the month of february and guess what friday is also the national day of unplugging. so let's all plan to take a break from our phones and other electronics -- good luck with that it's needed every now and again. imagine sitting down for a delicious home-cooked meal all for the price of just two bucks a serving. you might say that's impossible -- i do -- but it's the premise behind "struggle meals. that's a show that was created by entertainment company taste made it's available on facebook and youtube and it already has over 10 million views the host joins us right now. frankie, thank you for being

here. >> thank you for having me. >> it sounds ridiculous, two bucks you can make a dinner? >> if you're cooking for four people, it has to be eight. >> but you didn't start off as a chef. >> no. >> how did you get to this idea of, a, being a chef and, b, being someone who could stretch a dollar so far. >> i was studying music production at nyu inyu was charging so much for a mandatory meal plan. >> if you were an nyu student, they charged for a meal plan >> you had to, $33 a day it was insane. >> so this was born of necessity. you went out to see how can i stretch this dollar? what can i do? >> i started using sugar pacts from the cafeteria to make a tomato sauce sweeter and now the packet drawer is fundamental in struggle meals taste made came up with this great idea, everyone has it. what if rather than saying a teaspoon of sugar we say a packet of sugar or three packets of soy sauce, a packet of

sriracha. >> take everything that's free out there. >> that reduces the cost a bit and the other way is to use everything 40% of all groceries go in the garbage. >> i saw this. why? because we're not efficient enough in how we put these things through it's fresh things i buy and it goes bad before i can use it >> let's say you look up a recipe by chef x and it calls for six carrots but the grocery store is selling you a bunch that has 10, what happens to the other four >> usually wither and die in the crisper drawer. >> that's 40%. >> but it doesn't mean you can go buy six carrots, what do you borrow six carrots from the store? >> you get the bunch because that's what they want you to buy but in struggle meals we'll do three recipes in every episode and there's a theme going through it so if carrots is the theme, you've got carrots braised, carrots steamed, karcarrots grie and the idea is to get creative ideas so you use the rest of the food you can save 40% just if you use

everything. >> i can understand why beans would be essential because it's a cheap protein. what's the difference between these? >> well, this is great this is about $2 and this is $1 and they look the same do they not, becky >> they do >> but there's a difference. >> this is the dried stuff that you have to cook yourself with the water, this already has the water added. >> so you would think oh, they're the same because this costs double and when i soak them it will only stwoel double the size but it gets 240 times the size so it's bigger than double and funny little trick on these, all the brands, this isn't 16 ounces, it's 15.5 so they're getting a couple pennies there. it's 35% difference if you soak your own beans and these taste better they taste way better. >> completely believe that. >> so between technique and trying to use everything you can savet tons of money and this is how restaurants stay in business they have to use everything. margins are slim. >> there have been 10 million views already. who's the biggest group watching

this >> i thought it would be mostly struggling college students. >> i thought millennials >> i get single parents writing me saying thank you. >> that's great. >> a couple kids and this has been great, please make more they're coming, i promise. and they're so superior. >> frankie, thank you so much. i love the story, thank you for your time. >> my pleasure. >> that's the show for today i'm becky quick. thank you for watching next week, the equifax data breach isn't over. turns out there are another 2.4 million people who have been affected we thought everybody in the country already had been what you should do to limit that risk each week keep it right here we're on the money have a great one, we'll see you next weekend i love you, basement guest bathroom. your privacy makes you my number 1 place to go number 2. i love you, sometimes y.

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we are live at the nasdaq market site on what has been a crazy day and week, not only for the weather but also the stock market and the guys are getting ready behind us here here's what's coming up on the show boeing shares have been unstoppable this year, but a brewing trade war and scary-looking chart could have the dow stock grounded we'll explain. plus, the words netflix investors hope to hear this weekend. >> and the oscar goes to -- >> we'll tell you who oscar gold could mean for netflix's surging stock. and how would you like to make money