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tv   On the Money  CNBC  May 4, 2019 5:30am-6:00am EDT

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hi, everyone welcome to "on the money." i'm becky quick. the college campus where robots are on the rise and that's just the beginning. good, bad or just progress mental health in the workplace something not a lot of people talk about but they should why and how some companies are addressing it from freshly minted grads to recently retirees, the best way to find a job no matter your age plus, bringing style to the health care business the company with the strange name that's trying to disrupt what doctors and nurses wear and keep patients safer.
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"on the money" starts now. we begin with robots in today's on demand economy we're ordering more stuff and companies are creating delivery robots to get it to us our kate rogers went to one college campus where students can get food brought directly to their dorm are they a novelty or the beginning of a growing fleet that's our cover story this week. >> reporter: rolling out of bed and into the dining hall is so last semester. >> hello i'm a starship delivery robot. >> reporter: george mason university students like victoria and jasmine can get food delivered to their dorms, library or wherever they are on campus by robot. the college is the first to team up with starship technologies and sudexo >> i got excited because i don't like walking across campus to get food when i found i had dunkin', yay, coffee that will come to me.
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>> reporter: more than 10,000 deliveries have been made at gmu via robot and the fleet has grown to over 40 services extended to 2:00 a.m. and plans to expand to 24 hours with subway, steak 'n shake and einstein brothers. chick-fil-a is coming soon they say so far blaze pizza has been most popular with 70 orders coming in per day via the robot, make that 71 the company says there's been a boost in breakfast orders among the student population which is happy to have the option to not leave the dorm and that demand has created a need for more student workers with more than 20 new positions added to manage robot ordering. >> it's more work and added instead of taking away it helps us do our job and get stuff to more people >> reporter: they've already
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rolled them out at other universities. >> we are looking at other universities you want to get it right and make sure every brand is ready to go. a process to get it running. >> reporter: for now there's no excuse to take a study break your midnight snack is coming to you. for "on the money" i'm kate rogers in fairfax, virginia. >> students can order with an app connected to their meal plan or a credit card and they use the same app to unlock it which means nobody can steal the pizza on the way to the dorm i have a hard time imagining people don't mess with them. industrial robots are assembling cars and moving items in warehouses. walmart is purchasing more than 1800 floor cleaning robots for many of its stores eugene is the ceo of braincorp and eugene, thanks for being
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here today it's good to see. >> you glad to be here. >> you say that anything that has wheels can be converted into a self-driving robot so what sort of devices are you thinking about that might be aautomated in the future? we develop technology, brain operation system and can convert anything into a self-driving robot so started in the industry with forklift and expanding to other types of robots, for example, delivery robots in public spaces. >> you know, self-driving cars are something we hear about all the time there are a lot of safety concerns so how do you take these robots and program them in public places and retail stores and make sure they're safe what happens if it's sort of a robot haywire moment. >> there is a difference between our technology and technology used in self-driving cars. we focus on environments where speeds are slow and stopping and freezing is never a safety concern which means we stay away
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from freeways and public roads but focus on indoor environments like shopping mauls and airports. >> are they working when people are in the store or after the customers leave. >> some our customers are there 24/7 elderly people, blind people, drunk people, people on their cell phones. >> drunk people? >> so we very many the technology -- people who are -- we develop technology which behaves 100% safely in publi environments. >> you never had them run into sob, bump somebody over, do anything like that. >> no, no, no, safety is our highest priority so our robots are extremely safe, the same machines that created the human operators. >> let's talk about another critique of automization 73 million u.s. workers it is
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predicted would lose their jobs by 2030. will there be new jobs created to kind of make up for the jobs being taken away by the robots >> absolutely. there are new jobs created by robots the worldeconomic forum predicts twice as many jobs will be created due to robots than lost. >> is that -- are those jobs going to be jobs that anybody can actually take or are those going to be high skill jobs replacing low skill jobs own what happens to those who get lost in the mix? >> take as an example brain corporation. not only do we hire people with ph.d. in a.i. and computer science all the way to people with high school diploma going to service or deploy or montoro boughts. >> you've got artificial intelligence at work how do you make them smarter without getting them to be smarter than us or see us as a threat >> yeah, so we focus on robots that improve our lives and the business model of brain corporation is not to build
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robots themselves but to manufacture manual machines and help to convert those manual machines into robot. >> eugene, thank you for your time and the glimpse of the future too good to see you. >> thank you for the invitation. up next "on the money" like any disease, mental illness can strike anyone. we'll meet a man who says they have to make it a topic of discussion later whether you're fresh out of college or have years of experience we have the advice you need to land your next job right now, though, take a look at how the stock market ended the week there's brushing...and there's oral-b power brushing. oral-b just cleans better. even my hygienist said going electric could lead to way cleaner teeth. and unlike sonicare, oral-b is the first electric toothbrush brand accepted by the ada. oral-b. brush like a pro.
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we all deal with stress at work but it's not irishly discussed openly eric cousin was a successful executive. one morning he couldn't get out of bed to work and that began a journey that changed his life. eric, thanks for being here today. you're a superstar you have awe been all over the place and worked with the nba and nhl. total hard worker, total guy that would go get them and one day you couldn't what happened? >> i didn't realize it at the time but what happened was this buildup of the stress and trauma i had dealt with with previous life experiences had finally impacted me so the same way the analogy i can make is plaque builds up in your arteries, the things i witnessed with my brother going through a number of sicknesses when we were children and then the loss of friends, that ultimately ended up catching up to me to the point where -- my friends who passed away, exactly, so looking
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back on it now you say, wow, of course, why didn't i realize it but i think we grow up in a society where we're not taught to look at our mental health the way we are physical health so i was using work, right, you're a very ambitious person and you're charging hard with your job as you mentioned before, the careers that i had, i was working hard in my job as well so i thought that was a productive thing to do but what i was doing was neglecting working on some of the things that happened to me in my life prior to. >> it didn't come easily to you. it was 2 1/2 before something broke through. >> i spent 2 1/2 years laying in a bed essentially dead to the world. i was trying 50 different psychotropic drug combinations none were working, ect shock therapy and ultimately i learned to heal through the practices of breathing and you say that and you look and you say, wow, that simple but certain rhythmic breathing practices where a
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nerve in your neck, your vagus nerve, i learned to relax it and it sends messages that everything is okay it's not like what it was when you were a child where at every moment the shoe may drop so once i learned that breathing practice, my body learned how to relax and i could go about my normal day. >> you know, a lot of people deal with issues like this but a lot of people don't talk about them you made a decision back in 2017 to write down and share your experiences. first of all, why did you do it and what happened when you did >> so, i didn't have social media. i had linkedin and wrote it all in linkedin. so my thought was let me put all the information out there to try to help people i was not concerned with the stigma because i was more concerned with the fact that i had gone through hell for 2 1/2 years. once i got through that period there was nothing else that was going to upset me or that i was fearful of so by putting it out
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there and seeing the reaction, you ask about the reaction, it got read by over 100,000 people in the first week. >> this was not a short post. >> 36-minute read according to media, right and the incredible thing was the reaction from people who called, over 400 calls in that week and from all over the world people were calling because i put my personal telephone number on there and the common thread was i've been through something. it was almost as if i was their therapist, no one was mentioning a disorder or saying i have ptsd they were talking about what they had been through and when i realized that i realized there is a common thread we all face challenges. >> in fact, your organization you set up is called we're all a little crazy love the name. i agree with it. >> thank you. >> what you doing because you are trying to work with people in the workplace. >> yeah, absolutely. two areas, one is awareness, because of the name, crazy is meant in a fun way, we're taking
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mental health instead of the concept of one if five people are ill we are saying we all live somewhere on the spectrum so we should attack this together that's the first piece of it from an awareness standpoint from a programmatic standpoint sane here, your thumb at your chest and finger pointed out meaning you face challenges and i face challenges so why aren't we talking about it. we call it same here safe. people are afraid they won't get promoted or might get let go we go and just did one with monumental shorts and entaintment with the capitals and wizards and rewarding to see people get it. we're not going to talk about depression and anxiety we're going to talk about the fact that divorce and the loss of loved ones and stress at work is actually something that
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happens to all of us and that's okay for us to talk about and when you talk about it in that kong tex what it does, it gets people to open up more. >> eric, thank you so much for sharing with us and coming in. i hope we can check in again sometime soon. >> i appreciate it. >> eric kussin up next we're "on the money" looking for work what you can do right now to help land that job later, curing a problem you didn't know existed. fashion and fighting germs at the same time. stick around oral-b just cleans better. even my hygienist said going electric could lead to way cleaner teeth. and unlike sonicare, oral-b is the first electric toothbrush brand accepted by the ada. oral-b. brush like a pro.
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my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods,
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the first time. wow, that's clean! cascade platinum.
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whether you're graduating from college, have been laid off or are eager to forge a new path, job hunting can be overwhelming but it helps if you know what employers are looking for. senior personal finance correspondent sharon epperson joins us with tips on how to stand out from the pack. >> great to be here. >> a strong job market right now blue what does it mean if you are a new grad out there looking or what about if you're an older worker. >> great news for new graduates, according to the national association of college age employers they'll hire 11% more new grads than they did a year ago and employers are going to be paying them more too regardless of their degree or their industry really we're seeing pay increases so that is great news for them. the other good news for older workers those 55 and older are likely to be the fastest growing
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group of workers in the marketplace by 2024. talking about a quarter of the workforce will be older workers. well, a lot of people have great experience, a lot of people have to continue to work because they can't afford to retire and employers are going to take advantage of that. >> how much of this is just that it's such a tight job market right now and how quickly could that change is the one thing i would worry about. >> that's the one thing you could worry about. that's why you have to stand out and be able to truly be able to market yourself, network and showcase the skills you have to get the job. >> what are the best ways to make sure you do that? >> when you're talking about networking a lot wonder, well, i don't have friends in that industry, it is anyone that you run into contact with. your friends, family member, colleagues if you're a new grad, your colleagues or professors too, alumni, that is the network you really need to make sure that you're tapping into, make sure you're continuing to cultivate to bill and grow that network. you want to make sure you market yourself on multiple platforms
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so your resume which many hiring -- >> one page, one page. >> only six to seven seconds -- >> linkedin, email them, follow up once you sent material and also having that interview and the interview is not necessarily the job interview but could be informational, what is this position like, talking to various people about what they do and so you can figure out if that's something you could do or that you want to do and then the skills that you need to have, not always the analytic or technical skills most important. communication and problem solving, working with a team is what managers want to see you're able to do. >> some people may find they're having a hard time finding a job even though you have the tight labor market is that because they're doing something wrong? >> i think some people may not be paying attention to what the technology out there allows to you do in terms of job searching and tried and true things you still need to do you need to continue to make a list of all those companies you want to target and make sure you're strategic about the
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companies you want to hit and build your network before. what you don't want to do. just apply to every online job posting you see and you also don't want to neglect the person-to-person interactions you can connecting with someone in tern letting them see what you can do, hear what you can do and show casing yourself in front of them is still the best way. >> sharon, thank you up next "on the money," a look at the news for the week ahead a new take on an old uniform, why scrubs are getting a fashionable and functional makeover ashes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum.
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here are the stories coming up that may impact your money this week. it is small business week so make sure you support your local entreprene entrepreneurs. you may find good deals out there. tuesday, thank the teachers in your kids' life. it is national teacher appreciation day. then thursday we'll see how much we imported and exported when the international trade numbers are released and getting two important gauges of inflation, the first comes on thursday with the producer price index which measures wholesale inflation then on friday the consumer price index that measures inflation on the retail side when it comes to fashion scrubs aren't usually top of mind but medical apparel company figs is hoping to bring fashion and function to the health care for uniforms
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it launched in 2013. last year brought in $100 million in revenue joining us is trina spear and heather hassen, co-founders and co-ceos of fig and, ladies, thanks for being here. i have to say, trina, i was shocked when i saw your research something like one out of every ten employees actually wears scrubs that shocked me. >> it's crazy. it's a really large industry. >> why do you think such a large industry has been ignored for so long. >> the way it's evolved and a lot of these large companies that are -- were making medical apparel were manufacturers or distributors and didn't understand the end user and problems they face as medical professionals. >> heather, why did you look at this and think, okay, we're jumping into and why figs. >> the market was completely underserved. the health care professionals are completely underserved in every single way and everybody focuses on the athletes which is great and athletes are amazing but health professional,nobody
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is focused on product and nobody is focused on them as humans. >> how did you figure that out did you used to wear -- >> i was in premed if you look around, there's no focus and attention on them from a products standpoint at least. >> why did you come up with figs >> i just love fruit >> there's no other reason >> i love figs what are successful company, apple, i see your logic. i can follow it. trina, what makes your scrubs different? >> yeah, so, you know, most medical apparel is super uncomfortable, ill-fitting, not functional, no technical properties so at figs we focus on comfort and fit and functionality. >> everything we do is antimicrobial, wrinkle resistant, stain repellent, yoga waistbands to help them perform in their job
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>> are they going to look different and feel differently. >> yes >> yes, they do. >> on both counts. >> yes, that's something we care a lot about. >> which is why you're able to charge a little more how much do they cost. >> $86 for a set of scrubs and about 15% premand. >> a lot of times it's not the hospitals doing it workers have to buy their own scrubs how do you convince them. >> if you think about it, you know, $42 for a pair of pants is affordable and you're getting a premium product that will last a long time and when you feel it, we pay a lot of attention to detail so it's worth it. >> are you worried about competitors, people doing the same thing. >> you know, competition is validating to what we do but we view ourselves as our own competition. you know, how do we outperform what we did yesterday? how do we continue to innovate and bring something forward that hasn't existed and so, you know, we don't think too much about competition. if you look to your left or right you're losing the game
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so that's how we think about that. >> what advice would you give to others who are thinking about starting their own company. >> never give up always be curious. there's so much advice keep your eyes on the ball and stay focused you can do a lil thing, right, if you just completely stay focused you'll hit it every time. >> thank you, both, very much for coming in. i love it. thanks for sharing the pictures and your time. i appreciate it. that's the show for today, everybody. i'm becky quick. thank you so much for joining us next week, time for spring cleaning we've got tips on how simplifying your home can save money and even improve your life every week keep it right here. we're "on the money. have a great one and we'll see you next weekend
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hey there, live from the nasdaq marketsite on this cloudy friday evening the guys getting ready behind me here's what's else is coming up. ♪ up through the ground come a bubbling crude ♪ >> oil is social mediaing and the chart master says it's about to bubble even higher. he'll break it down. >> plus, are you ready for video game earnings. mike khouw is. he says there's one name about to level up he'll tell us what that is.

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