hi, everyone welcome to "on the money". i'm contessa brewer in for becky quick. hackers aren't just after your data they're also trying to get into your devices even at work. >> this is probably the most important cybersecurity threat that we have today >> forget pumping your own gas a new startup brings the gas station to you and will even fill up your car with retirement ahead, what's the magic number? how much should you save and how to plan for that and it is almost time for back to school. the new gadgets students will need in class and on campus this fall "on the money" starts right now. ♪

this is "on the money," your money, your life, your future. we begin with hackers. they're not just after your social security number cyber criminals can break into and damage embedded devices like office phones, printers, even ventilation systems. our andrea day found security experts working to defend against hack attacks it is this week's cover story. ♪ no demo is complete until we've tried to physically destroy the device. >> when you interview this ceo you may wind up evacuating. >> all right let's get out of here. >> he founded the cybersecurity firm red balloon here in new york city. >> this is where the magic happens? >> this is where the magic happens. >> the goal is to make embedded devices more secure, and that means breaking in, taking them

apart and exposing flaws. >> yes >> 100% of these devices can be compromised in some way. >> 100%? >> 100%. >> embedded devices are like mini computers inside almost everything you can power up, from smart home devices to medical gear and cars, at every financial exchange, power plant, air traffic control and almost every company in the word. >> this is probably the most important cybersecurity threat that we have today because these computers control every single aspect of our critical infrastructure we depend on every single day. >> according to a report by market research firm radiant insights, the global embedded system market is projected to be worth 214 billion by next year this is a small version of an air filtration system that's in a lab the team is working with right now. >> you don't want the dirty air to come out ever, and this computer will allow that to happen. >> they hack devices inside the

fan's controller, not only forcing the dirty air in the wrong direction but ultimately shutting it down, and it goes up in smoke. >> that's awesome. >> but he says the issue goes way beyond this demo the team recently uncovered a major vulnerability in more than 100 devices made by cisco, the largest manufacturer of equipment. according to red balloon, we are talking about a potential attack that could sell for millions they let cisco know what they found and the company published this critical advisory cisco turned down a request for an on-camera interview, instead releasing a statement saying in part, cisco is committed to transparency and is not aware of any malicious use of the vulnerability that is described in this advisory cisco will release fixes for this vulnerability we asked cisco if a tool exists right now to know if a device has been hacked. the company telling us in part,

an audit tool is not currently available. we recommend customers review the security advisory to assess the best way to protect their network. we wanted to find out what other industry leaders are doing to protect their embedded devices and reefed out to hp and huawei. both companies were not part of red balloon's findings hp is the largest manufacturer of printers which contain embedded devices andy rhodes is the global head of hp's commercial pc business his company's advertising claims to have the world's most secure printers. >> we put this special code into the printer so that it is always looking for malware in devices. >> huawei did not agree to an interview or provide comment i'm andrea day for "on the money" >> so how can companies outsmart the hackers? charles henderson is global head of ibm securities x force red.

their job is to stay ahead of cyber criminal s charles, sounds like you have your work cut out for you. >> we really do. it is a great job though we get to go against technology, make technology break and solve those problems before criminals have a chance to exploit them. >> we saw a couple of examples of the damage that hackers can do, but when you are looking at the big picture, what's the overall, overarching word for the companies? if they can break into these embedded devices. >> it isn't so much will you have flaws but how will you handle the flaws when they become apparent, how will you fix them, how will you get the fixes out to your customers, how will you make sure that devices in the field, whether they're in the home, in the office or somewhere in between, are secure >> but what is behind the motivation i mean are hackers potentially doing this just for pure sabotage reasons or are they holding the companies hostage, hoping for a ransom in order to reverse those hacks? >> in most cases it is

monetization criminals like money you know when you can compromise a device, when you can compromise a system, it may lead to an investment that you can get a return on that you can monetize that could be compromising credentials. that could be compromising financial data, or it could be something that device is connected to if you think about what we've done, we have invited the internet into our homes, into our offices, everywhere in between, and it turns out the internet is a crappy house guest. >> and they call that the internet of things, when you have your thermostat and your lights and your stereo and your heating all hooked up to the internet so how do you protect today's smart buildings, smart homes from this type of hacking? >> well, first of all, you test those things before you deploy them in a building, in a home, et cetera. most consumers can't do that kind of testing, but rely on known brands that will have done

that kind of testing on their own. the second thing is make a risk judgment i mean do you really need to see what is going on inside your fridge from across town? these are legitimate questions you need to ask because everything you do with internet of things, with these embedded devices brings about risk. so it is a risk/reward ratio. >> what do we as consumers do proactively to keep those things that are internet connected safe, to keep our personal data that might go into that safe >> it is important, first of all, to use devices that are current, that are supported. if you think about these security vulnerabilities, they're quality defects. in the same way that your fridge ice maker might stop working after six months, your fridge may have a vulnerability six months in. you want a company that will take care of that ice maker, that will replace the ice maker under warranty and will have a good repair record, because chances are if they can fix the

ice maker they can have a security patch to deploy to your fridge. >> i'm going to ask about individual companies, but do you think companies are doing enough to protect themselves and their customers from this kind of intrusion? >> i think most are, but you see companies doing more and more every day. we are getting better as a general society at security testing. we removed the stigma of the vulnerabilities, it is not so much a failure in security but a chance to improve when you find the vulnerability. a failure in security is a compromise, not a vulnerability. >> charles, it is great to see you. thank you so much for your insight and sharing your experience with us. >> hey, thanks for having me up next, we're "on the money" what if the gas station came to you? fuel on wheels on demand brought right to your vehicle. later, when planning for retirement, how much is enough is there a magic number you will need to start saving now and a look at how the stock

market ended the week. ♪

here's another cleaning tip from mr. clean. cleaning tough bathroom and kitchen messes with sprays and wipes can be a struggle. there's an easier way. try mr. clean magic eraser. just wet, squeeze and erase tough messes like bathtub soap scum and caked-on grease from oven doors. now mr. clean magic eraser comes in disposable sheets. they're perfect for icky messes on stovetops in microwaves and all over the house. for an amazing clean, try mr. clean magic eraser, and now, new mr. clean magic eraser sheets. beauty editors have tried everything in search of a whiter smile. their choice? crest 3d whitestrips. our exclusive formulation whitens safely for a 100% noticeably whiter smile. guaranteed. trust america's #1 whitening brand, crest 3d whitestrips. my teeth have been feeling really sensitive lately. well 80% of sensitivity starts at the gum line,

so treat sensitivity at the source. new crest gum and sensitivity starts treating sensitivity immediately, at the gum line, for relief within days and wraps your teeth in sensitivity protection. crest. ♪ if you're tired of pumping your own gas and you want to take that chore off your to do list, there's a new startup that's fuelling disruption by reinventing the gasation our aditi roy has more on a colorful new business that may have you saying, tanks a lot. >> reporter: these purple tankers filled with gas are on a mission.

they drive to parking lots of fortune 100 companies and one by one the drivers behind the tankers fill up the gas tanks of the cars in the lot. they work for booster, a silicon valley startup, trying to disrupt the retail gas industry by offering on-demand gas refuelling at a time when demand for gas is at a record high. >> i had been a pilot so i had seen mobile fuelling done for small planes and thought, hey, if you can do it for small planes why can't we do it for cars. >> reporter: the founder is a former pilot and nasa rocket scientist who started the company in 2015. >> one of the reasons i started booster is i don't like going to the gas station. my wife did not like going to get gas either and i was assigned to be the chief fuelling officer for our family, meaning i was the one that had to do that errand twice a week. >> reporter: since its founding the client attracted clients like facebook and cisco who offer the service as a perk.

to date booster has raised $88 million in funding. >> there's $500 billion in gas in the united states that is pumped but it is such an archaic process and broken process we love frank has a vision. >> among the company's investors enterprise rent a car which uses booster to refuel its fleet. booster is currently in 20 cities across california and in dallas and plans to expand up the pacific northwest and to both coasts in the coming 12 months. >> we have been on a record clip the last few years, growing two to three fold every single year. >> boosters prices are typically a bit cheaper than the nearest gas stations in the area and fluctuate with the market for gas prices while the startup mostly works with company clients for now, it occasionally does events at parking lots of malls and gyms to try to make its services accessible to more consumers. >> and that's really the company's ultimate goal, to make the service as accessible to as

many people as possible, even though it made more economic sense to partner with businesses first since the company has a readymade pool of consumers it can reach that way contessa, when asked whether they may some day provide mobile charging for electric calls, the company didn't rule it out as a potential option down the road. >> are there competitors for this >> there really aren't any notable competitors out there. while it seems like a great idea and simple one, the company says figuring out how to execute it is complicated and it is a big barrier to newcomers. >> thank you so much so interesting up next, we are "on the money" ready to retire? how big should your nest egg be? setting a savings goal for your retirement later, kids are heading back to school, and if they're off to college they may need a whole new type of supplies the best gadgets for your student. could lead to way cleaner teeth. she said, get the one inspired by dentists, with a round brush head.

go pro with oral-b. oral-b's gentle rounded brush head removes more plaque along the gum line. for cleaner teeth and healthier gums. and unlike sonicare, oral-b is the first electric toothbrush brand accepted by the ada for its effectiveness and safety. what an amazing clean! i'll only use an oral-b! oral-b. brush like a pro. olay ultra moisture body wash gives skin the nourishment it needs and keeps it there longer with lock-in moisture technology. skin is petal smooth. because your best skin starts with olay. na blend of quality probiotics. and fermented whole food botanicals, expertly curated to naturally support your gut health every day. go with align whole food blend. from the pros in digestive health. 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,

the first time. wow, that's clean! cascade platinum. 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, the first time. wow, that's clean! cascade platinum. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today.

♪ in planning for your retirement, do you know how much cash you will need to live comfortably when you stop working? charles schwab recently did a survey of 401(k) participants to see what people think is that magic number with us now, abel nooney, charles schwab vice president and senior financial consultant. great to see you here today. >> thank you. >> $1.7 million is the average amount people think they will need for retirement. >> yes. >> how long do they think they will need that money to cover?

>> most people, they plan to retire in their mid 60s and, you know, people are living a lot longer now days. so usually around 30 years. >> so $1.7 million over 30 years what is your typical response when people say, well, i'm covered because if you factor in my social security and what i have saved and what i have invested i will be good? >> we typically try to look at our -- what is your lifestyle going to look like, how much are you spending, what doo y you ha in terms of income. >> do most people assume they will spend less in their retirement than in working years? >> absolutely yes. most people look at -- i'm not going to have a mortgage when i retire, you know, i will be doing less traveling from, you know, home to work so i will have a couple of less expenses usually they fill in some of the gap with vacation. >> what do people tell you about why they don't put more money into their retirement accounts >> so there are a lot of competing, you know, goals for savings. they might have kids, they're

saving for college, they have to pay back student loans, they have -- you know, they're taking care of their parents. >> that's a big one. >> sometimes that's a big one, yeah. >> and what do you think people should do, what steps should they take to build up their retirement savings so that they can count on that nest egg beyond, say, 20 years of retirement >> a big thing that, you know, we advise clients to do is take advantage of their employer match. that's really important. so you want to make contributions for at least that, but ideally as you get raises, as you get bonuses, you are putting more towards retirement. >> is there a percentage that you think is really a magic goal >> it depends on how old they are. in their 20s, you know, anywhere from, you know, 10% is not a bad starting point if you have saved nothing for retirement and you're in your 40s, it could be up to 30, 35%. >> wow okay you know, because you are advising clients, we have had such volatility in the stock

market right now, what are you telling people who are calling you and worried about the impact on their retirement accounts >> so most people i work with have some kind of financial plan in place, so what we do is we go back through that financial plan, make sure they're on track. so we've accounted for some of the volatility we have experienced and we expect that we're going to actually have more going forward, so one of the key things is just make sure that is it still -- are you still on track, are you still meeting up with your plan. >> abel, thank you so much for joining us and giving us insight. >> thank you up next "on the money," a look at the news for the week ahead and the back-to-school gadget guide, from getting around campus to taking notes in class, the best tech for students oh, by the way, how much is it going to cost you? maybe it is going to take away from retirement.

olay ultra moisture body wash gives skin the nourishment it needs and keeps it there longer with lock-in moisture technology. skin is petal smooth. because your best skin starts with olay.

♪ here are the stories coming up that could have an affect on your money this week on tuesday we will get a read on inflation with the consumer price index for july wednesday, we will get another gauge on inflation with last month's import and export price report thursday, a look at the consumer with july's retail sales we'll also see how factories are faring with july's industrial production report. friday, the housing starts report will come out that shows how many home construction projects began last month. oh, by the way for all of you thrill seekers out there, if you

are not getting enough volatility in the stock market, how about this friday is national roller coaster day. summer is soon coming to an end and the new school year is about to begin this year families with college students are expected to spend on average nearly $1,000 totaling $54.5 billion on school supplies joining us to tell us the best gadgets for your buck is dana woman. this hasn't been a trend for multiple years that doesn't seem to be going away if you are sending your child to college, they're a young adult, they need a laptop. >> this is still the most popular category if gadgets back-to-school guide going by the number of clicks we get on the stories and apple just refreshed its macbook line for the fall this is the macbook pro that used to be somewhat out of reach for a lot of students, which is to say although it started around $1,300, you had to pay

more like $1,800 with the fingerprint sensor which is my favorite feature about the macbook pro line. >> because of the security >> security and convenience. imagine having to type out a long password, a genuinely secure password every time you want to log in i love using my finger like on an iphone. >> what about note taking apps are there particularly ones you like that you think are effective? >> one of the most popular stories in the guide is the guide to note taking apps. it is not a one size fits all, but for most students we are recommending evernote because it works on such a wide range of devices. people think of note taking apps as something that you scribble your handwriting but now the best have built in audio recording, built in camera apps that recognize handwriting. >> when i was in college i remember junior year i came back to school with a bike for the first time at campus

today's gadgets have moved way beyond bicycles. >> you could bring a bike to campus you also could bring an electric skateboard we have a section in our guide this year for electric vehicles, there are electric bikes, skateboards and scooters for a lot of people are skateboards. they're portability, transportable on things like buses and planes this thing can go pretty fast, up to 18 miles per hour. >> are there campus rules that keep motorized skateboards, scooters, those kind of things off campus walkways? >> it could vary we are seeing skateboards at a lot of campuses, especially warmer weather environments. >> what about -- again, i am reaching way back in the memory to think about hot pots which were not allowed in dorm rooms but people had them anyway how are people cooking up their ramen these days is it still a microwave? >> there are a lot of different options. we recommend among other things the instant pot. this is the mini size. better to choose a compact size

for a dorm room. it is a slow cooker, pressure cooker, it can saute it is allowed in most dorm rooms because you just plug it into an outlet i think this can make people look more sophisticated and confident cooks than maybe they are first entering college. >> plus, there are youtube videos on how to cook your stuff in your instant pot. >> a huge subculture around the instant pot. >> which i haven't mastered and i have two of them but waver what about gaming. you say it is a popular category, though as a parent i'm thinking, why are you gaming, you are supposed to do your homework >> totally in the 18-29 demographic, nearly one in two are gaming. nintendo switch is a little cheaper at $300 and it is both a home console but also portable

you can dock it in front of a tv but easily take it to someone else's dorm and play a whole raft of party games and nostalgia game people really like, super smash brothers, mario cart i am in my 30s and people still bring it to other people's homes to get the party going. >> that's pretty funny i bring my ipad with heads up and i am playing a different kind of partying i have learned so much it is almost like going back to college myself thank you so much, dana. i appreciate it. >> thank you. >> that's the show for today i'm contessa brewer becky will be back next week next month, vaping is on the rise but so are restrictions on e-cigarettes we'll take a look. we'll see you next weekend we'll see you next weekend ♪ the ri brighten, and visibly smooth wrinkles. in fact, just 1 jar has the hydrating power

of 5 jars of the prestige cream. for visible results without prestige prices, try olay regenerist with a money back guarantee. and complete your routine with the olay eye collection. brand power. helping you buy better. i went straight to ctca. after my mastectomy, i felt like part of my identity was being taken away. my team made me feel whole again. cancer treatment centers of america. appointments available now.

good afternoon hey there, everybody it is friday at 5:30 p.m. here at the nasdaq, and that can only mean one thing, and you know what it is it is time for "options action" and here is what is coming up on the big show next week is a big one for retail earnings, peaking with the elder statesman that is walmart. while the stock has been up 15% so far this year, carter worth now has some words of caution. and global trade worries took their toll this week with seemingly no place to hide from the ripple effects but dan nathan has a name he thinks has a clear plan of action to insulate itself and,