hi, everyone, welcome to "on the money. i'm becky quick. america's airports we know they're a mess, when will they be fixed and how will it happen. how a bad haircut led to a beauty of an idea, that kept stylists in business and can keep you looking great and father's day is almost here there are bargains to be had even if you're not shopping for dad. "on the money" starts right now. >> this is "on the money."

now, becky quick >> we begin with your next flight with summer vacation season about to begin, getting through the airport may be the most difficult part of your trip, but some airports are investing in new infrastructure that's what phil labow sound >> reporter: the big edition at new orleans airport is almost done a billion dollar terminal with 35 gates and plenty of restaurants and space to handle the city's surging air traffic since 2009 the number of people flying out of new orleans has jumped more than 50%, topping 6 million travelers in 2017. >> this market continues to grow, we're in better position to handle the growth in this market, and also we've done this in a way that keeps the cost to airlines on the low side >> reporter: new orleans airport like others in the u.s. is

bursting at the seams. they have added more flights increasingly, tarmacs are crowded, terminals are packed and airports are struggling to keep up with booming business. >> in terms of new airports in america, we haven't seen one built in decades and you go to china, all they're doing is building rail and airports these are economic engines for the economy of these countries, and we, we are way, way far behind >> reporter: some airports like new york's laguardia and salt lake city, are building all new terminals while dallas has added more gates upgraded facilities to handle more passengers rs b, but more be needed. >> great dining, we need shopping, comfortable places, places to charge our phones,

places to take our kids. >> when there's a long layover, there's nowhere to eat >> reporter: when this new terminal is finished later this year it will cap a fee of-year project, but it won't be the end of airport construction in the u.s. as more realize they will need to build more airports to accommodate the growing number of people looking to fly >> which other airports are getting improvements mike boyd is president and ceo of boyd group international, an aviation consultancy for the airport in new orleans who actually pays for that, and how is airport spending usually funded >> it depends place to place but ultimately, the consumer pays for it. in new orleans, where we've helped them grow in the past ten years, it's one of those issues whereas more people use it, the cost per passenger goes down everybody pays, but you're going

to be paying less at a new airport in new orleans than you would in the old one >> people wanted places to eat, places to hang out with the kids and do things. are they more about the consumer experience or fixing things so the planes get in and out more quickly? >> it's both let's be real clear here i don't know of anybody who wants to stay in an airport any longer than you have to. but when you do have to be there it's great to have great concessions, a convenient, clean place. and airports across america fill that bill, some of the older ones and the ones they're building today >> why are so many of the airports in this nation allowed to get run down and overcrowded for so many years? >> i don't know if that's an accurate statement we have 4,000 airports in america, commercial and non-commercial china's building them, but building them in a place where they have absolutely nothing in laguardia, we have shopping

malls bigger than that place laguardia was built as a wonder of the world in 1939 it was rebuilt in the '60s as a world class airport. in the 1960s, the biggest airplane may have been 160 seats. it's hard to rebuild kennedy airport and los angeles. >> they've got infrastructure that's built up all around them, what do you do in a situation like that? do you have to scrap it and start over or are they going to be things that make a huge difference? >> having basically grown-up and worked at laguardia, what they've done at that airport is not a construction project but magic. it's just amazing. but it's that kind of engineering feat o'hare is adding more in chicago. san francisco. it's always a process to look at how do you move more people on

bigger airplanes through an airport. i don't criticize america. we built our airport sis themysn the 1940s and '50s >> how do we keep up with that growing passenger demand and make sure that things are safe, that things are efficient? how do we do it? >> i think we're moving in the right direction. air traffic in america is going to grow about 25% over the next ten years. today an airport director, his job is not to have gates leased but fully utilized there's a lot of ram to oom to n that >> the better and more efficient airports, will that bring in competition? >> airplane economics are related, but building a new airport doesn't create new airlines it depends on the consumer

it's great to have an airport more fish the fefficient for th. but in terms of attracting competition there's a whole other set of dynamics that drive that >> most of what we've talked about have been the big airports what about the airports in smaller cities how do we get more investment in those sorts of airports? is there a need for federal push or can that be done the same way? >> one of this thing we have to get rid of is the idea that we have to have service at every airport. weave ha we have to go to, an hour to get to an airport is not a bad thing. bloomington, illinois has just built a new airport. >> an hour away to get to your airport. >> if you live in long island, nobody's screaming about the hour to get to laguardia

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a new technology is saving time and even lives. for police, the ruts esults of human dna test in a lab can take days or weeks. but we found out how rapid results can help fight crime >> reporter: for more than 30 years, crime labs have been using dna, but it is expensive and time-consuming now a new technology is being tested that can completely change crime solving the traditional process begins here in this lab but there are four more steps after it, all of which happen in different parts of the building. >> we're not doing some type of magical kchemistry inside a

magical device >> reporter: everything happens inside this box. >> we've automated it, made it faster and so that humans don't have to handle it. >> reporter: they're using the device to test all sexual assault kits >> we have gotten east coast do west coast >> reporter: at last check, 27 states supporters have called the device revolutionary, but it's not without its limitations. >> you have to have a very good sample in order to run it through the system and get a good profile if it's just a trace amount of blood or semen, you're not going to get that. >> reporter: the doctor says it's essentially no different than a fingerprint >> it says nothing about somebody's appearance, something about somebody's clinical status, nothing about somebody's behavioral status. it's about as impersonal as you can get. >> reporter: it costs about

$2100 per sexual assault case for the traditional method they expect it to be cheaper than the traditional method. for all types of crime in kentucky, it would be expensive, up to $7 million a year. >> time is money, and the time is saves us will actually balance out with the cost of the reagents because the hours that i have to pay people versus what it costs to run it. >> reporter: beyond the cost savings is the time savings. results that used to take six to 18 months can now be completed much more quickly, speeding up police investigations. >> that turn around time for us is within five days. we may get the opportunity to put a name to a potential suspect. yes. that's exciting. that is ground breaking stuff. >> reporter: and like that trooper taking off there, kentucky officials say there is

no turning back with new dna technology they are still verifying all rapid dna cases with the existing, traditional dna testing. and a spokesperson for the fbi says they're taking a safe and measured approach. >> so they'll only do it as long as they can do the traditional method so they can back it up. >> in kentucky, for now, yes >> but this is taking off down the road >> they've used it in some of the northern california wildfires to test remains and for those families seeking closure. the companies behind it would definitely like to see it taking off. up next on the money, the beauty business gets a boost a technology that's generated more than $5 billion in revenue for beauty professionals and later, need some inspiration for father's day and finding a gift we'll tell you where to find the best deals

we're the slowskys.

we like drip coffee, layovers-

-and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ from helping people find the right hairstylist to helping beauty professionals run their businesses, there is a technology platform that aims to do both. joining us is the co-founder and ceo. >> thanks for having me. >> how does style seat work? >> we are a business platform

for independent beauty professionals. we help them run and grow their business we give them a website, help with online booking, process all of their transactions. and on the consumer side we are a destination and app for consumers to search, book and pay for appointments you can see lots of portfolios of stylists, get photos of their work >> how did you come up with this idea was it really the result of a bad haircut? >> it is i was very upset i moved to san francisco and tried to find a hairstylist and just felt really frustrated by the fact that even though i didn't have a lot of money i wanted to find the great stylist that had my vibe, that would be able to work with my hair texture, that were in my budget, and there was no information about it so you walk into a salon >> you take a chance every time you walk in. >> you walk in and say are they good yeah, they're totally good and the prices change without you really knowing, and i felt

like there should be a better way. and when you talk to stylists, they don't have great skills to market themselves. >> when you say independent, does that mean they're in a salon or not in a salon? >> most of them are in salons. you probably don't know if your stylist is independent versus being an employee of the salon however, salons often take 60% or more of the revenue of stylists that work there when they're employees. so there's been this huge movement in the beauty industry to becoming independent and being an entrepreneur and growing your business, doing what you love and supporting your family. the challenge is that the professionals aren't necessarily passionate about business fu fundamentals they're artists. we let them focus on being artists and working with their clients.

you have a different relationship with your stylist than you do with other people you work with. so we want to let them do that and we focus on the business side >> i was going to do a flip and say this is like the uber of hairstyling, and then i found out, travis kalanick is actually on your board. >> he is >> so garrett was our first customer and traf sis vis is an investor well it's been great having both of them they understand independent professionals and scale. >> what's the biggest push back you get? with uber, it's regulatory and city to city >> for us, it's really been about scale, right, pau becausee doing a couple of things, building a platform and to have

the capital, the higher the engineers to build this very powerful technology. and then we're also educating beauty industry. and we're building a consumer brand and acquiring clients and building that. so it's a complicated business, but it's been really great we're doing over $1 billion in appointments booked across our platform to this point so we have been able to reach scale. and the majority has happened via word of mouth, which is great. >> and of the billion dollars that you've booked how much do you get paid >> we take a subscription fee from the hairstylists, $35 a month fee, and an it 2.75% transaction fee. thank you for coming you know, it's a complicated business it seems like it would be easy, but listening to the logistics, it tells you how complicated it

is >> it's complicated but fun. thanks for having me up next, a look at the news for the week ahead, and deals for dad, the best bargains for father's day your own boss.re ready to be that's the beauty of your smile. bring out the best in it with crest 3d white. crest removes 95% of surface stains... in just three days.

here are the stories coming up that may impact your money this week. on tuesday we'll find out if there is any inflation for wholesalers, when we get the

consumer price index then we will find out if consumers are seeing prices go up on thursday, import and export prices for may are out and golf fans listen up, the u.s. open is teeing off in pebble beach we'll see how strong sales are with the retail sales report, and flag day, with the commemoration of the stars and stripes in 1777. it's predicted americans will spend $16 billion on father's day gifts. thank you for being here, i need help myself. >> i know, right >> where do i start? the deadline is coming >> spending is so, so high, and i think it's because there are more interesting things for dads this year, but people are going to be spending around $138 on average, which personally, i

think is too much. let's talk about some deals to help you save some money paul stewart makes beautiful clothing and accessories, up to 40% off leading up to father's day. personalization universe, like a mug or a tee shirt, 20% off with the code 20 dad. and then macy's and kohl's are having other great father's day sales on general gifts if you have a broad way you want to look at father's day >> what if your dad is the outdoorsy type >> great deals there if he loves grilling, williams-sonoma is having a massive sale of up to 50% off on grilling gear, and cabela's, up to 50% there >> grilling is a stretch, i'm not cooking. you are. national retail fed raieration s

about 20% of americans are looking for tools. do you have advice >> we often see deals on tools at lowe's and home depot really good sales there if your dad needs a new drill set. >> what about technology most guys, it's okay to think i'm going to get them a gadget >> electronics really not good for deals this team ime of year. we do see deals on watches jared has smart watches up to $150 off a tech-related deal but not super techie >> not an apple watch, right >> not an apple watch. and overstock, amazon, ebay have select deals on watches. if your dad is needing one, it's becoming more of a fashion piece

rather than what time is it, because we have our phones >> what about for the guy who has a sweet tooth? >> so many actually. cheryl's cookies, 25% off between the 7th and 10th and simply chocolate, 1 1- 800-baskets. lots of great deals on online retailers to find something fun and festive and yummy for father's day >> all food for thought. nice to see you, we'll see you soon that's the show for today, i'm becky quick. next week, time for fun in the sun. toys for kids and adults, too. each week keep it right here on the money. have a great week and we'll see you next weekend

hey, there we're live at the nasdaq the guys getting ready behind me, in the meantime, here's what's coming up on the show >> beyond meat has been sizzling and if you think the stock move is beyond belief, wait until you hear what the options mark has to say about beefless burgers. mike khouw will break it down. starbucks shares are on fire, hitting an all time high today but if you're thinking of getting in, watch out. >> ah, mother of pearl, that is hot! >> b