hi, everyone welcome to "on the money" i'm becky quick the rules of the road can confuses a self-drieflg car. the new way a real person miles away can safely take the wheel the u.s. and china in a figh over trade, how the battle could hit you in the wallet. it's college acceptance time new strategies for finding the right school, getting in and then paying for it and high above hollywood hills, a rock star mansion for sale, the ultimate open house. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. now, becky quick. we begin with self-driving

cars and your safety concerns about the autonomous vehicle industry are accelerating after two recent fatal accidents. what happens when a self-driving car gets confused and stops or slows down as phil lebeau found one optio is having a real person take the wheel. it's in week's cover story. >> this test car my look like any other driverless vehicle but it's not it's being operated remotely by ben shuckman. >> my name is ben and i'll be your phantom remote operator for this drive. >> right now at a four-way top ben can see the cars and traffic around here. and he is making the turn. as someone who has gone for a number of rides in autonomous drive vehicles, riding in a remote operated vehicl doesn't feel a whole lot different. >> we can take control take us about 15 to 20 seconds we're a solution when the vehicle moving at a slow speed or has already come to a stop or the vehicle is paralyzed and doesn't know what td.

>> while waymo and gm and others have encountered few issues while logging millions of miles testing their self driving vehicles they also admit autonomous drive cars constantly face tricky situations. a hurdle that will slow down how quickly we see large numbers of them out on the street. >> the kinds of things that are standing in the way are really busy cities like new york, where you just have lots of pedestrians, bicyclists, so much going on. >> humans are always needed, even with machines that works great. you need a support channel with an autonomous vehicle you need the channel fast, somebody there in realtime. >> phantom auto envisions a call center remoting around the world. when self-driving vehicles need a human touch. right now phantom auto technology is still being developed. and there are other companies working on a similar approach. make no mistake, becky, this is one idea that will get further exploration from companies as

they look to put self-driving vehicles out on the road and yet have the safety checks in place in case there are the situations where the car gets confused. >> phil, one of many ideas thank you very much for bringing us that's phil lebeau. how do you putthe cars on the roads without putting people at risk. >> thank you. >> let's talk about the issue of self-driving cars first and foremost after the two high-profile accidents people are asking, is this too soon to put this stuff on the road? what do you think. >> the problem is a lot of it depends on the technology. and it's hard to tell how far along the companies are. a lot of the companies are actually really close to having the technology ready for the roads. waymo, the former google self-driving car projects. their technology is really good but so many small startups are moving in as well. with legislation all over the place it's hard to know where they are.

>> that's a good point we shouldn't paint all of the companies with the same broad brush. but from state to state you can either have very heavy regulation like in california, or in arizona. where this most recent fatal crash one of the two crashes was. what's the happy medium between these if there is one? >> unfortunately, there is no happy medium you go from california where you need really strong insurance abdrivers that register with the state and insurance for provisions that basically any sort of incident is reported back to the state. but then cross the border into arizona and do what ever you want. what we have been a testing system where the cars can prove they meet some kind of minimum threshold por performance, they can see pedestrians, see other cars drive safely a before they are allowed ob the road there is nothing like that right now. >> the other fatal accident was in california where all of the regulation is so strict. >> absolutely. >> look.

what is an autonomous driving vehicle supposed to do let me sit in the back seat and not pay attention or like the tesla consider sitting in the front seat and hands on the wheel at all times? >> we're entering the phase where in the gray period where cars can drive buy themselves some degree but not all the way. what most manufacturers say we need to get to get to the point where there isn't a steering wheel in the car the car is comprehensive enough to drive in all situations anything in between means it hands it back to you. >> you have to worry whether the driver is paying attention they get lazy and stop paying attention and they start reading the phone. >> what's the end goal what'ses situation where we should be expect to sit in the back seat is that on the major highways or are you thinking door to door. >> ultimately the goal is to go from door to door and companies like waymo are developing and that they'll have cars available by the end of the year for people in arizona to ride in that will take them from door to door hands off. >> we have a 15-year-old at home and 17-month-old at home. >> um-hum.

>> are either one of these children ever going to learn to drive or both. >> 15 year old probably not but the 178-month-old maybe not. >> are autonomous vehicles and people like me driving a car themselves are we on the road at the same time or autonomous only vehicles in these lanes and different lanes. >> there is overlap. especially urban to you recall rural areas. they'll be able to drive cities well but out in the country that's quite a bit longer especially this time of year with snow. >> tim it's great having you hear. >> thank you for having me now here a look at what makes news heading into a new week "on the money." a disappointing employment report for the month of march. the economy created 103,000 jobs last month. also the lowest in six months. but february's strong report of 313,000 job was actually revised higher to 326,000. the unemployment rate remains steady at 4.18%. manufacturing appear health care saw increasing while retail and

construction jobs slipped. it was another volatile week in the markets. stocks reacting to concerning of a potential trade war between the united states and china. and thursday president trump threatened an additional $100 billion in tariffs in the china trade dispute. and that moves sent stocks down in early trading friday. stocks ended the week lower. more wild weather could be ahead. hurricane season is fast approaching. forecasters at colorado state university are predicting 14 tropical storm this is year from june to november and they say 7 could become hurricanes last year, remember, harvey be irma and maryia were among the five costliest on record graduation is approaching for college seniors. and the search is on among the recruiters visiting universities one of the country's most secretive employers the central intelligence agency. what does it take to get hired and join the ranks of the ciap our kate rogers went to headquarters to find out.

>> reporter: zachary wyatt is a retired cia operations officer spent 25 years at the agency and helps recruit new talent. when you look at the national security challenges we have, you combine that with regional instability, cyberattacks, economic interdependence, finding individuals who can address any of them, not easy. >> the agency has career tracks in five different directorts from science and technology to digital innovation. wyatt says the cia most proactive recruitment efforts are in the district doctorate it of operations that deals with the clandestine work of the organization. >> they are charged with recruiting foreign sources around the world who have access to information our government can't get any other way. >> working for the cia is not what you see in hollywood mf movies wyatt says and not for everyone. >> when you combine what we are looking for, interest in public service, not needing public recognition for your successes, not being able to share often some of the successes with the people you most love and respect. that's a sacrifice

it's a lifestyle >> within the directorate of operations entry level salary range from 55,000 a year to $88,000 annually to apply to be part of the cia you need to to be 18 years old and a u.s. citizen born or naturalized. they're looking for a diverse group of people and applicants to potentially hire. the only hangup is it could take a year or more to get your security clearance. >> kate what sort of academic backgrounds, specific majors they prefer. >> the cia really stressed they're at local colleges and universities, places like georgetown, military bases, veterans groups, different organizations around the country and in fact zachary who you heard from who is retired from the cia after 25 years with them in the directorate of operations he was a theater major. you really doesn't have to have one set of of barked coming in they look far and wide which is interesting. >> thank you very much kate rogers. >> thank you. up next on the money with trade tensions heating up between the united states and china.

how will this affect your wallet and later as college bound seniors pick their dream school, how to make the numbers work to make higher education a reality. let's look at how the stock market ended the week.

the tariff fight between the united states and china keep building raising concerns about a potential trade war. so how will the battle impact the price that is you pay at the store? joining us right now is matthew shay, she is the president and ceo of the national retail federation. and thank you for being here today. >> hi, becky nice to be with you. >> nice to see you what do you think? is this what a trade war looks like. >> that's what we're concerned

about and we said from the beginning even before the first $50 billion of u.s. tariffs np now talking about another $100 billion. our concern is that it escalates. while at the moment the war out of the administration certainly the list of the items on the first $50 billion was intended to limit the impact on consumers, if this continues forward in the tit-for-tat and escalates at some point there will be no escaping the need to put tare i was on consumer goods because that drives so much of the u.s. economy. >> when do you think consumers might see prices pick up and where would it be? >> well, in this first round of $50 billion as i said we know they deliberately tried to limit the impact on consumers and made a number of statements around that and so we saw the focus among other things on electronics and appliances. both of which impact consumers but they deliberately left out things like foot wear and apparel and other consumers goods. and so the impact on those i think will be felt you know fairly quickly

if we escalate and add other items, you know, the potential is that some of the things start to hit back to school season, holiday season, you know, sort of hard to predict now because it's somewhat uncertain as to what's going to be on the next round of items if they go forward. the consumer confidence issue is a big one. talked about how much that's help the economy move. >> what are you hearing from retailers that they represent? are they in a position ever trying to buy a lot of products early getting stocked up or waiting nervously because they worry consumer spending will slow if the tariffs hit and praises go up? >> i think the thing we know from talking to our members and we've got ceos coming to town soon to have more conversations, is that -- that they're all being affected in terms of their thinking and their business

planning and their investment, that when we got into the beginning of the year one thought, now let's just go forward. we can do business investment. we can invest in the workforce we can do bonuses, wage increases. and a lot of those things are being put on hold now until we see what happens next with the conversation about tariffs and a potential trade war. because that uncertainty is pretty hard to price. >> matthew, i want to thank you for your time. >> thanks, becky. nice to be you with you. up next on the money, a college education is a major investment a new survey finds what students and their parents think about the cost and the benefits of a degree we'll talk about that. and then later, a house tour in the hollywood hills we will tell you who is behind the rock 'n' roll design of this house. house. oh, and by the way what a cool now it's time to make yours. ♪ everything is working, just like it should ♪

$38 million will buy you ♪

with expedia you could book a flight, hotel, car and activity all in one place. ♪

college bound seniors are anxiously checking mailboxes right now waiting the college acceptance letters of course it's a nerve-racking time for the college admission process too. the princeton review annual college hopes and worries survey is out right now rob frantic is editor in chief and here with the results. thanks for being here. >> good to be here, becky. >> what's the biggest worry? i can think about 3,500 or so. >> the biggest worry we found from our survey participants now in the 16th year over the last year statutes, the big debt, the amount of debt that students and parents are likely going to incur to pay for college.

>> because college prices have been rising rapidly. >> two to three times every year consecutively the last 20. >> what did a big worry used to be before prices >> generally -- these are still worries out there around the college application itself financial aid application and testing sat appear act and ap he -- and to a slightly lesser extent. >> let's talk about the cost as being the biggest worry. a traditional 4-year college is it still worth it when you figure putting yourself if debt. >> it's the right question to ask. and heart stoppingly expensive and causes so much fear for students and parents but there is solace to know a couple of things one the averages and then two there is money to be had out there certainly from the federal and state government but then also are schools themselves based on academics, how well you did in the classroom ins high school and the sat. >> is this something advertised up front or do you have to dig

around on the costs. >> we do the a lot of that homeworkfare parents and students depending how good the marketing team is at the school. if you have you are giving out funding based on the academic merit. you should trumpet that. some schools are better than others but the numbers don't lie. >> do you have any negotiating power, if you you are actually somebody that the school said okay we'd like to have you, come and here how much we are willing to offer you, do you have the ability to say i need more >> yes but here -- when we think about negotiating power, i think that most schools would cautious saying if you're comparing school a to school b and this package probably not the way to go about the process. but if you say and you're a students saying you know my first choice school is this and i'm no not getting the dollars making that school affordable. that's a much different conversation between a parent and student the school that can be effective. >> i just feel like it's such an unknown process, not a lot of transparency like health care costs where it has risen so

rapidly. that changing at any point in the future. >> there are trends happening now. tuition resets new jersey university. you had tuition reset in december. bring going down $10,000 down to more palatable price that's certainly the trend in hybrid education ob online education. those things will change but that said, i still think we'll see costs kinning to ratchet up at the majority of schools. >> yik quick ly, is there anything i can do to make my kids application stand out what are the admission officers looking for. >> demonstrated interest but that means over time if students and parents are in the process now, being able to talk about the college process in the component parts figuring out the school right for you. testing, financial aid those things make a confident shop >> thank you very much. >> good to be here. folks up next on the money a look at the news for the week ahead. from rocking the stage to rock in real estate he is bringing it into home

design a personal tour right here

here are the stories coming up that may impact your money this week. facebook ceo mark zuckerberg will head to capitol hill and testifying before the senate on tuesday and then before the house on wednesday answering questions about privacy and user data. on wednesday we'll be getting a read on inflation with the consumer price index for march and the fed will be releasing minutes from last month's fed meeting. then on thursday, we'll get

another gauge on inflation when we get the import and export from prices for march. by the way, word nerds listen up this is for you. friday marks national scrabble day. when you hear the name lenny kravitz you probably think rock star but these days the grammy award-winning musician is taking on a new art, interior design. one of his latest is a mansion with some mega views. and our robert frank gives as you personal tour. >> welcome to one of the most rocking mansions to ever hit the market in the hollywood hills. >> you're in god mode in in property. >> built on spec and nicknamed the stanley house, the $38 million mansion features a interior like the rock legend turned designer lenny krave zbliets this is his $50,000

custom hand made couch. >> of kravitz design the namesake firm was hire to crank up the cool factor in in brandon williams' latest extravaganza e everything is included. >> i actually she want on this couch to get some of his vibe. >> lenny's personal touch can be found in every corner. just pass the $2,000 bottle wine cell ar is the home's megalounge, a place built for chillen. >> we got the 200 inch video wall to watch games, watch movies, videos. we have the $450,000 speakers. the speakers could literally rock out all of los angeles. and then we wanted to make furniture that you can dance on. it has to be fun and sexy. follow me into the master. i see the entire city downtown all the way to the ocean and then you touch a button and you got the tv that comes down >> and check out the ultimate way to keep cool.

>> snap and you got instant misters. you always got to cool out outside. this is the state of the art 1.5 million door system that can fully convertible and pockets into the house. touch of a button. perfect. if you live in the hollywood hills, you got to have the ultimate backyard. you have the 12-person jacuzzi. and then you got the 12,000 pound granite fire rock with the bubblelers. so you can sit on this rock at night and feel warm. >> $38 million for rock star living that's lenny approved and you heard it here first this house actually just sold -- the broker won't tell us the price. but sources tell me it sold

around $35 million in the sunset strip, that is by far the most expensive home ever sold in the sunset strip. >> is there a premium for lenny kravitz designing the whole thing? >> that was the test and clearly there is a lot of developers looking to partner with him because he got such a huge price for this house he has a big business. forget about music. this is where the fortune is in the future. >> there is a sucker born every minute. >> thank you. >> that's the show for today i'm becky quick. thank you for joining us next week, if you still haven't filed yet, guess what when we will have last minute tax tips you can still use before tax day, which doesn't come until tuesday the 17th this year each week keep it here we're "on the money" have a great one, and we will see you next weekend

my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? new cascade platinum lets your dishwasher be the dish washer. three cleaning agents dissolve, lift and rinse away food the first time. new cascade platinum.

welcome to "options action". the dow sinking 572 points sitting in correction territory down more than 10% from the highs. s&p and nasdaq falling about two percent. all s&p 500 sectors in the red seven in a correction including financials which are kicking off next week. all report a week from today. the implied moves on your screen. so how should you play the group heading into what could be a make or break week