welcome to "on the money." i'm becky quick. saving lives and saving money. a fresh approach to fighting chronic conditions like diabetes still standing, a young man selling hot dogs who wasn't shut down by the health department. what they did might surprise you. how your money can make money. places to park your spare cash the most expensive real estate listing you will ever see. $1 billion for a beverly hills address, but no house included and the mom who saw a big opportunity. now she's running a $1 million business and throwing some shade. "on the money" starts right now. >> announcer: this is "on the

money," your money, your life, your future. now, becky quick >> we begin with a new prescription for health. it's an innovative medical program to treat diabetes with a healthier diet patients are given groceries each week, fresh fruits and vegetables for free along with exercise and education as meg found out, this meal plan is getting surprising results. >> rita lost 100 pounds but the scales stuck as she couldn't kick unhealthy habits. then she received a different prescription. >> we're standing in the fresh food pharmacy. >> a prescription for fresh healthy food. >> hi, come on in. >> perkins is part of a new program designed to control type 2 diabetes in low income patients, not with medicine but food and education. >> in health care, we spend an

awful lot on drugs and devices because it's business. but we spend a very small amount on preventive medicine it's sort of like we're upside down and backwards. >> i guess i'd better get some peaches. >> the program has resulted in dramatic improvements in patients' health, from cholesterol to weight loss to blood sugar. some have been able to reduce use of diabetes medicine and it saves money, too >> financially, we've seen probably a decrease in health care claims paid out on our patients by over two-thirds. >> this is the plate i used to eat on now i am down to this size of a plate. >> perkins receives ten free meals a week for everyone in her household. she said the program helped her drop another 45 pounds and it's also setting a new path for her family >> so i know they are learning to heat a healthier way than what i was >> and with 100 million

americans estimated to have diabetes or pre-diabetes, use of medicines have been on the rise. prescriptions rose 18% between 2013 and 2017, while spending on u.s. diabetes medicines more than doubled to $54 billion. but programs like guisinger's, which the health system plan to expand, may help make a dent. >> meg, thank you very much. dr. andrea feinberg is guisinger's director of health and wellness and leads the fine fresh food farpcy program. thanks for being here today. >> thank you so much >> so the results that you've seen, was that in line with what you expected better, worse? >> far exceeded our expectations we knew we would be effective, but we didn't know to what degree we've seen fantastic outcomes. >> giving away free food like this, training people not just about exercise, but healthier eating, is that a program that you think is scaleable >> absolutely. we know that people aren't born with the knowledge on how to be healthy and how to take care of themselves and their family. and what we think is by educating people on their

diseases, we can certainly move the needle on lifestyle approaches >> how hard is it? i mean, how much of a hands-on effort is this to try to do it >> it's intensive, because people have lived their whole life by the time they get to us, usually they have had their risk factors for chronic disease for 10 to 20 years so we have to start teaching them new behaviors so, i would say it takes about three months to get people onboard and working the program. and within six months, we see dramatic results >> if this is a system that we would be considering for a new standard of care, who should be paying for it? how does it work >> it's very interesting you asked that so, we believe that insurers, whoever they are, should be paying for this kind of program, because it's not only the right thing to do socially, to help people who are food insecure, but it's also the correct thing to do medically. we have better outcomes, decrease of chronic diseases, and it could be life-saving. >> are insurance companies onboard with that message? what's been the reaction that you've gotten so far

>> so, at guisener health system, we have our own insurance product. and about half the patients at the fresh food pharmacy carry our insurance. and we have shared our results with them and they're like, yes, this is great, let's expand. we need to do more of this and we expect that medicare and medicaid will follow >> i was going to say, that's the big nut, right if you get medicare and medicaid to sign off on something like this, that is a game changer basically the entire industry will follow what they do >> absolutely. and that's why we're going to perform a randomized controlled trial starting in the fall to prove our outcomes it's one thing to say we've done this with a group of patients. it's another thing to scientifically prove it. >> and just in terms of what this could mean, obviously, we've focused here on diabetes and pre-diabetes, are there other illnesses that could be at least helped by a program like this >> absolutely. so, one out of every two americans suffers with chronic diseases and many of those diseases relate to lifestyle conditions, like obesity, hypertension, heart disease, and diabetes. we currently spend over $330 billion a year on diabetes

so just cracking that nut would be a big win >> what can you say? i know this is a small program at this point, but if you had to try to figure out and put some number on potential savings, what would it be >> i would say we're hoping to demonstrate a 25 to 50% reduction in cost claims >> wow okay, that is something to really pay attention to. dr. feinberg, i want to thank you for your time today. now here's a look at what's making news, as we head into a new week "on the money." a slightly softer than expected employment report. the economy actually created 157,000 jobs in july that was a little below expectations numbers from previous months, though, were revised higher and average hourly earnings increased by 0.3%. the unemployment rate fell to 3.9%, hiring was strong in professional services, manufacturing, and in hospitality. it was a mixed week for the markets, moving in concert with both earnings news and concerns about trade. though the nasdaq was stronger than the dow, stocks closed higher on friday

as expected, the federal reserve left a key interest rate unchanged at its two-day meeting this week. the fed funds target rate is still a historically low level the fed is expected to raise rates at its next meeting in september and probably will do it one more time in december up next, we're on the money. hot dog! when someone tried to shut down his summer business, this 13-year-old entrepreneur had another idea he had some help along the way, too. and later, a sunny day and a bunch of squinting kids launched a business how a young mom focused on a $1 million idea that took flight. right now, though, take a look at how the stock market ended the week

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money this summer, jay kwan faulkner set up a hot dog outside his house in minneapolis. after someone e-mailed a complaint to the health department, something surprising happened joining us right now is jayquan and his uncle, jerome faulconer. and gentlemen, thank you both for being here today >> thank you >> thank you for having us >> guys, we've heard a lot of stories over the summer about people who have complained and tried to get everything from a water stand to an ice cream stand shut down. it usually works, but it went a little differently this time jayquan, what happened you didn't have a permit for your hot dog stand somebody complained about it but the health inspectors didn't shut you down. what happened? >> instead of shutting me down, they had grabbed all their like, city members together to talk to like, okay, how can we help this kid to get him situated, to get his license, to make sure he's situated they had told me about somebody had filed a complaint, but i didn't need to worry, because they were already helping me to get my license and they were

helping me to move forward >> that's awesome. from what i read, they paid for your license so you could actually have the first ten-day permit paid for from the health inspectors and then i read that the minneapolis police picked up the next ten-day permit. so how have things been going? how many hot dogs have you been selling? >> um, actually, i, uh, me and my uncle don't actually calculate it >> we do -- >> which we should start >> jerome, how about you what's your role in this business and what would you say is happening? give us a little bit of an understanding of just how big this has become. >> well, to my surprise, i thought he was going to give up from the start it just took off i mean, he never gave up he just kept pushing forward and pushing me along, pulling me along with him which is pretty good so it's not easy working for a 13-year-old. >> what does he have you do?

>> well, some days everything. he just says, i need this, i need that, and i just get it for him while he controls the cash register he knows the cash register pretty well. he can count pretty -- he always had between a "b" minus and an "a" minus in math, which was pretty good. so a lot of times, you have to catch me, you did that wrong, i added that wrong and i couldn't figure out why and how. so when you asked me regarding hot dogs, it's between 100, 150 hot dogs a day >> that is fantastic and jayquan, we're so proud to hear about this. what have you learned this summer and what are you going to do next? >> what i had learned was that my teacher had always told me, can't nobody stop you but you. if you say i can't do that, well, then, you just stopped yourself you just set yourself up for failure. and what's next for me is, i'm

trying to get a little spot, like a restaurant or something, so i can be there like right when i get out of school, i can go there, set up and start working. you know, somewhere like permanent, but it's just small, and not big. >> yeah, well, you have already set yourself up for success. jerome, we're so thrilled to hear you and see you helping jayquan, as well gentlemen, thank you for your time today jaequan, we can't wait to see where you land after this. >> thank you >> thank you folks, up next, we are "on the money. bank interest rates on savings vary, but they still don't get very high. how you can get a better return and keep your savings safe and later, the ad might read, "land available: price $1 billion. no house included. sounds tempting, right well, we will go on a tour of a record-breaking listing in beverly hills. man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®.

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maybe you are old enough to remember when you would put your money in the bank and it would actually grow. well, after a decade of bank savings accounts paying low or almost no interest rates, you can now get some extra returns for your cash while keeping it safe greg mcbride is chief financial analyst at bankrate.com. greg, thanks for joining us today. it's good to see you >> thanks for having me, becky >> let's talk about this the interest rates on savings accounts at the big banks, they're still incredibly low you're talking about pennies on thousands of dollars sitting in the bank, so what kind of

alternatives are there >> well, i think the bogey to be shooting for here is the fed has targeted 2% for inflation, so we have to earn 2% just to maintain the buying power of our money, and for the first time in a decade, that is attainable there are top-yielding savings accounts and money market deposit accounts can typically offered by online banks that are paying 2% or better. >> we just showed a chart that looked at the big banks, with account rates that you can get in their savings account just to put a fine point on this, i want to reiterate what you said if you are putting your money in a savings account like this, the fed is shooting for 2% inflation, you are losing money every year in terms of real value what your money will buy you mentioned the online savings barnes what are their rates >> so there are a variety of them that are paying very attractive deals 1.9% to over 2%. and some of those have no minimum deposit. they're available in all 50 states, so it doesn't matter where you live the bottom line is this. if you are sitting back in your

bank you've always banked with and you're just waiting for higher interest rates to come to you, you're probably going to be disappointed, because most banks are still pretty stingy with the payouts. >> why are they able to hand out so much more in interest >> these are safe, they're all federally insured. they're governed by the same regulatory retirements than any other bank the reason they pay these higher yields, is that's what they need to bring in deposits and feed the lending machine. unlike bigger banks, they don't have branches all over town. they don't have billboards or their name on the stadium. so the way they compete, particularly against larger competitors, pay a higher rate on deposits to bring in the money they need to feed the lending machine. >> cds have always been another alternative, one way you can get a higher rate but it does lock your money in for a certain time what are some of the rates you can get right now on cds >> we are seeing rates move up there as well. 2.5% on a one-year cd. you can get a slightly higher rate on longer maturities, but it's not worth tying up your money for those longer maturities right now because of

the very little in additional yield you're going to get. i think the sweet spot is the one-year, maybe two-year cd, so that you're getting a good yield, but also you give yourself the ability to reinvest 12 months or so down the road, when interest rates are presumably going to be at even higher levels. >> yeah, still point out that you were talking about 10 or 2% on these things, which is barely keeping pace with the hope for inflation coming from the fed. so, again, keeping it all in perspective. we appreciate your time today, greg >> thank you, becky. >> thank you all right, folks a residential property hitting the market in los angeles this week makes sticker shock, yeah, this is taking things to a whole new level. that listing has a $1 billion price tag. that's right, i said billion with a "b. robert frank has more. >> the record-breaking billion-dollar listing is located in beverly hills and get this, it's just land, so there's no house on the property here's a first look at the priciest piece of dirt in the country. ♪

>> reporter: up this private drive is the first ever $1 billion residential listing in america. it's called the mountain of beverly hills. the massive 157-acre property is bigger than disneyland, but there's no castle up here. in fact, there's not even a house. this plot of land is being sold by secured capital partners and it's listed by super broker, aaron kerman for $1 billion. kerman says there are four reasons why the mountain is a record breaker first, the property sits on the highest point of one of the most expensive zip codes in the world, 90210 second, the land is zoned for a 1.5 million square foot residential counsel megacompound >> that means that the billionaire who buys this can build the biggest house in the world on top of beverly hills. >> third, the views are some of the best in l.a.

and fourth, privacy. this long, private road puts your closest neighbor a half mile away. bottom line here, location, sheer size, and views like this are what billionaires love but the truth is, no matter how rich you are, that $1 billion asking price is a tough sell and the property had been shopped around back in 2014, also for $1 billion. >> well, i guess look at it this way. at least it's not a teardown if the property actually sells for its asking price, the broker's commission will be a cool $20 million not bad for a one-day payday up next "on the money," a look at the news for the week ahead. and a simple idea, babies need sunscreen, so of course, babies need sunglasses, too. meet the mom with the vision to turn that into a multi-million-dollar business.

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here are the stories coming up that may impact your money this week. on tuesday, we'll be getting the jolts report from the labor department that's a report that tells us how many job openings there were in the month of june we'll also see how much debt americans had on their credit cards for the month of june. come wednesday, it's national dollar day. that honors the day in 1786 when congress established the u.s. monetary system. and we get two measures of inflation this week. on thursday, it's the producer price index for july being released then on friday, we'll get the consumer side of the picture, with a consumer price index.

you probably don't give a second thought to popping on your sunglasses when it's bright out or when you get in the car but what about your toddler or your little one? one mom had a $1 million idea, as our jane wells found out. >> kids need sunblock, but also need to protect their eyes one mom figured out how to make sunglasses for children that are safe, comfortable, and cool and it's made her one cool millionaire. >> wow, that's amazing >> reporter: molly fenning earned a computer science degree from harvard and worked at ibm then she fell in love with a former classmate who had become a fighter pilot. she surprised her friends by leaving her career to follow his. >> they were like, what, you're leaving to move to mississippi like, are you crazy? >> fenning got her big idea one day waiting for her husband, ted, to return from deployment >> all the families get to wait on the flight line and run up to the jets and give their moms and dads big hugs. it's literally something out of "top gun," the movie and it was an incredibly sunny

day and the kids are looking up in the sky, squinting, saying their eyes hurt, while all of the adults actually had their own shades on. and i mentioned that to ted on the way home isn't it funny, we all had our aviators on and the kids didn't have any and he was like, well, we should total make them and make them babaviators. >> he just like that came up with the name? >> he did. >> reporter: they contacted another couple from college who worked as business consultants today they surveyed several hundred parents, scraped together $25,000, and launched babaviators in 2011. they paid for a pr firm and created their own videos and soon babaviators were a hit with celebrities, something molly fenning discovered while in the hospital recovering from childbirth when she opened a magazine >> and i literally started screaming at 2:00 in the morning in the hospital. my husband is on an air mattress beside me.

and he's like, what's wrong? i was like, we're in "us weekly"! >> reporter: they have seven full-time employees in atlanta now, 2017 revenue were $4.7 million and fenning expects that number to climb past $5 million this year. >> very funny, because a lot of our friends when we were launching they're like, you're making sunglasses for babies, that's a little odd. and a year or two later, they were like, i always knew that would be a great success i always had that idea baby sunglasses, of course >> yes, why didn't i think of that the sunglasses are made out of rubber and they cost between $20 and $25 apiece here's what's amazing about the business offer and babaviators offers a one-year free replacement program if the glasses are broken or lost gee, how often does that happen with a kid it's really been one of the biggest selling points for them. >> yeah, i was going to say, obviously she hasn't met my kids how many pairs of sunglasses do they have to replace under that program? >> she wouldn't give a spec

number she said it's not as many as you think, but the people wh are in that program end up being the greatest brand ambassador for babaviators. i know one mom who when she buys the babaviators, she immediately registers to get the free replacements because she knows have youly they're going to get lost >> that is a mother out after my own heart. >> kids need sunglasses, too i'll check this out. that's the show for today, folks. i'm becky quick. thank you so much for joining us next week, listen up a museum you won't have to drag your kids to we have a scoop on the museum of ice cream and we'll tell you all about it each week, keep it right here. we're "on the money. have a great one and we will see have a great one and we will see you next weekend no matter how much you clean, does your hous stuffy? that's because your home is filled with soft surfaces that trap odors and release them back into the room. so, try febreze fabric refresher. febreze finds odors trapped in fabrics and cleans them away as it dries.

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hey there, we are live at the marketsite in times square we have a big show ahead the guys are getting ready for that behind me here's what's coming up. ♪ when you wish upon a star >> it's not just a wish. disney shares a near one year heinz carter worth says the charts are pointing to more when company reports earnings next week he'll break it down. plus, how would you like to get long shares of amd for next to nothing? >> nothing >> yes, nuttin'. dan nathan will explai