hi everyone. welcome to "on the money." i'm becky quick. the rise of the machines. they are cute little helpers that can clean our floors now. but what happens when the robots get smart than us? should we be afraid? the hot button issue of immigration reform, a presidential order overturned and what it means to business and you. doctors. the perks aren't just for the super rich anymore. why they may be within your budget. and teaching inner city the kids the ins and outs of finance. starting right now. >> this is "on the money." your money, your life, your future. now.

becky quick. >> here is a look at what's making news as we head into a new week "on the money." america's largest private employer thinks its worker should get an a raise. walmart will start paying at least $9 an hour in april. the move covers more than 40% of the company's 5,000 workers. the ceo says it is part of the strategy to retain employees and the improve customer service. >> stocks traded narrow ranges this week. the toying with 18,000 and the nasdaq with a strong showing. markets rose friday. housing 2% fewer homes this months after a strong december. a strong demand in the housing market in spite of low interest rate environment and strong job creation. and italy's richest man who has been feeding sweet tooths around the world died at 89. michele frayer rr fro fe arerre.

that is a lot of candy. >> and robots, it seems like they are here to stay. but is there a point we should be concerned about robots getting smarter than we are? elon musk thinks so, ceo of tesla. >> we should be very careful about artificial intelligence. if i i were to guess about what our biggest existential threat is, it is probably with that. the defense. l intelligence >> orin etc. yoin disagr disagr this. thank you nor joining us. we hear from elon musk. and also bill gates and stephen hawking, some of the smartest

guys in the room who are concerned about artificial. why do you think we shouldn't be? >> well i think we quite simply have to separate science from science fiction. we have been witnessing what's been scald tcalled the a.i. spr. it's use to be called the a.i. winter where it wasn't going anywhere. we're startio see steps r in armageddon. spring is very they are promising but nowhere near what hollywood ie movies. >> you say that we're a long way from an artificial intelligence armageddon. but you admit that we are possibly moving down that road? >> no. what i would say is that we're moving down the road where a.i. techniques were completely ineffectual. they had high hopes.

they had a lot of hype. but they couldn't do anything. to the point where we're starting to see driverless cars around the corner. we're starting to see companies like google embedal a.i. in speech recognition. facebook in their facial recognition. we're starting to see bona fide applications. buzz these are targeted. they have specific uses, often highly beneficial. they are not skynet. they are not. >> skynet from rise of the machines with terminator. >> right. the terminator robot. that is not what we have. >> is there a point where you will actually see the robots and artificial intelligence kind of kb gain its own consciousness and thereby be starting to make their own decisions, things we don't program into the machines? >> i think there is a really important distinction to be made here. and frankly elon musk and others may be missing it.

and that is the distinction between intelligence on the one hand and autonomy on the other. so think about a situation. you can have a lot of autonomy without having intelligence. that is a bunch of teenagers on a saturday night in downtown seattle. right? you have that. and frankly we already have that in the world of software. viruses, cyber weapons. these are autonomous systems sent out over the internet. they can do a lot of damage. and i do think we need to have a vigorous discussion and careful safeguards on the autono of software. that is one thing. but in the world of a.i., which is what elon musk is talking about, you are seeing all kind of intelligent programs. we have deep blue, which beat the world championship in chess. ibm's watson which beat the world champion in jeopardy. but these are highly targeted, you might call them savants. you say watson didn't even know

it won. and deep blue will not play another chess game unless you push a button. so they have no free will. they have no autonomy and they are ono more look likely do damage than your calculator is likely to start doing its own calculations. >> let's start with things that excite you about artd official intelligence. what do you think the best possible advances are in the near future? things that would help benefit humanity. >> we're working on a program called semantic scholar, which attempts to navigate through the literally hundreds of millions of academic papers -- and millions are coming out every year -- so that we can direct scientists to the right papers so they are up on the latest advances. and the efficacy and importance of this you see no morewhelmed . and there are millions of the studies every year that come out. and when you go to the doctor

and look at him or her in the face you know they don't have access to the latest information on the drug they are prescribing you on how side effects interact with maybe you have high cholesterol and such things. and they need help. so the kind of program we are building down the road will help them. that is the realm of search -- scientists and doctors. in the other realm, if you think about driverless cars, there is huge potential for these cars to literally save lives by preventing accidents. and that is huge opportunity. and people get focused on well what happens if this driverless car hitting somebody? and frankly, sooner or later that is going happen. but right now we have people hitting each other. 30,000 plus fatalities a year and we can ree deuce that number using intelligent technology. >> all right. welld reminder. and thank you for join us today orin. >> my prleasure. >> we are "on the money." a court ruling put a stop to the president's immigration plan.

what could happen next and why it matters. and later how one organization is looking to change the way kids think of business and finance by making money part of the classroom curriculum. right now look how the stock t

president obama's plan for immigration reform was blocked this week by a texas judge ruling. the executive order would have cleared pathway to citizenship for about 11 million undocumented immigrants currently within the united states. joining me tn white. politico's chief correspondent. and thank you for being here. what is the impact of the ruling in terms of jobs? and what happens next. >> what happens next is we wait for the courts to decide. the obama administration is

going to appeal to the 5th circuit new orleans. might wind up at the supreme court. chances of it getting resolved soon are not good. this is going to take a while. what it means for jobs is a lot of these people who would have been affected. about 5 million who either came here as children or have children as legal residents in the united states will continue to have to work under the books basically in service industry jobs. retail, restaurant industries. obama wanted a path for them to get work permits to work here legally while they work on legal stapt. that is not going happen. so it makes it difficult for retailers and others who want to employ these people legally to do so. >> most of the undocumented workers i think are working in some of the lower paid jobs. there is also question about the h 1 b visas out there for the high-skilled individuals. how does this affect any of that? >> it effects it on the margins. the h1b which the tech industry

is interested in the silicon valley wants to be able to high mer hire more immigrants. >> especially training people here in the country. >> right. the prop problem here is his executive order wouldn't have dealt with that. only congress could have increased that. twouch helped them have their spouses work here more easily and others to live and work in the united states. >> ts been a huge political football. because of the grandstanding i guess you could say on both sides. >> rubble kabs in congress who view any type of immigration reform that has a path of the citizenship for the 11 million undocumented immigrants here now as amnesty. and they won't be for it. and there are presidential politics here. rand paul, marco rubio and those running on stance of immigration

and deporting immigrants. there is not going to be any agreement on that going forward in this congress. if possible in the next congress we could get wit a new president. >> although if you look at some of the republican contenders like a jeb bush. >> exactly. >> he's been much more middle of the road on this. >> prae siesly. he's had a view on immigration, says it is an act of love. he wants a path for undocumented imiants. doesn't play well with the the republican primary electorate. he is going to sell it as good for the economy, and good for jobs and american workers. it is not going to take jobs away. if he can sell that to the republican primary electorate and get the nomination and win the white house you might see a very different path under reform under him. getting there is going to be him. not impossible but difficult. >> thank you. up next "on the money," organization that helps make dollars and cents add up for kids. and concierge doctors. sounds like something for folks with a whole lot of money but

actually these doctors may make sense for

in honor of the tenth anniversary of teaching kids literacy, the non profit of "world of money" rang the bell last month. teaching kids money really

doesn't grow on trees. joining us is the sabrina lamb. and ciana montero is a student mogul there. thank you for being here. >> honored. thank you so much. >> tell us why you came one this organization and how it works. >> sometimes in life you receive an epiphany, a whisper. and i was in attendance to a financial workshop myself. and the whisper said, what if children were learning what you are learning? and the second whisper said how differen would my life had been if i had received financial education as a child? the answer is totally different. because i was the one, the main driver of expenditures in my parent's household. and so i thought and what we needed to do was together with financial presenters who work on wall street, we put together an institute that teaches children ages 7-18 everything they need to know about money from how to think about it, the history of

money, the flow of money and how they are worthy of having this conversation. >> and ciana is one of those students. you started when you were 12 in the program? >> i did. >> since that time. you are 17 now. you have taken what classes? >> everything from banking to investment. i learned about fieco scores. credit reports. i've also learned about how to budget. but i've just really enjoyed a lot of different classes. one of the best being mandarin chinese and also computer programming. >> it's kind of amazing. i looked at your resume and everything you have done. it is incredibly impressive. you look at her and we call her a mogul. why? >> well, children really need to be aligned with such a term, as opposed to consumers or shoppers or what have you. and mogels have built a life portfolio of not on consumerism but producing, investing, but

most importantly service. >> and the other thing you teach is they have to show up in business casual. this is proper attire. you are teaching them life skills along the way. >> absolutely. we say too parents and young people. serving the world looking like you are going on the extra in a rap video is not going to serve you for the work is not going environment. >> so ciana tell me about what your favorite thing has been. you said mandarin chinese has been up there. >> mandarin has been pretty fun because we actually had the opportunity to take a trip to china and took over eighty individuals with us and we were coming to this country where it largely dominates the economy. so you have to be well versed in the language and well versed in their culture and what they value so you can keep a very healthy interaction and relationship with the people you are doing business with. >> sabrina you have already had

3,000 kids through the program in the last ten years. >> yes. >> what are your gomes for the next ten? >> serve more. create more. to replicate not only in new york city, the tri-state new york city area. but across the country. and to attract those people from wall street or in the philanthropic community who understand the urgency of financial education for children. >> do you have any words of wisdom for kids who might be consideration things like that. >> i think you should just dive in wholeheartedly. monthsly it can be a little daunting at first because it is a language and a world that you might not be used to. it is not the playground. but at the same time it is something you need to know. and the sooner you get started the better. >> and you are considering a couple of schools right now. some very good schools for college? >> definitely. >> which ones. >> columbia, barnard. i love new york city and it think it's going to be my home.

>> congratulations on ten years. >> thank you so much. >> up next "on the money," a look at the news for the week ahead. and is it the next step in the evolution f healthcare in america? what is is a concierge doctor? and is it right for you? ?

for more on our show and our guests go to our website, otm dot cnbc.com. and follow us on twitter and "on the money." on monday we'll get existing

home sales for january. monday also marks 61 years since the polio vaccine was launched for children in 1954. and tuesday janet yellen begins the first of two days of testimony before congress. wednesday we'll get january's new home sales. and thursday, durable goods orders. and friday, second estimate for fourth quarter gdp. the affordable healthcare act healthcar covere for millions before. unintended consequence may be rising popularity of concierge medicine. what is it? and coupled bit be right for yo? >> there is a lot more interest in concierge medicine today. and about 7% of doctors say they have switched to medicine by next year. according to a 2012 study.

many primary care physicians who have changed to a concierge practice say they want to be ail able to see fewer patients and spend more time with each one and at the same time getting more personalized attention for a fee is appealing to many patients. >> do you want qui access to the doctor. do you feel like you need to go all the time and you need specialized services that having a doctor hold your hand constantly will help you with? if that is what you want, then concierge medicine is most likely for you. >> she started her career as the physician and says it is critical for people to first determine their healthcare personality. how much they use it and the complexity of their problems. to determine the type of care they may need and the costs to incur. and then figuring whether a concierge doctor is affordable options. >> how does it work? >> the biggest difference is that you can schedule an appointment almost the next day. the same day in some situations. so you can get the doctor as soon as possible.

and you have a longer time with them. a lot of doctors say that they have so many patients, as many as 3500 patients they have to see. so they spend 15 minutes or less. a concierge doctor, 30 minutes. some say they will spend as much time as it needs and you don't have to wait as long necessary any in the waiting room or scheduling the appointment. the always there. always on call. e-mail, text and phone. and they will be there. >> what does it cost? i hear things like that and i think you have to be pretty rich to be able to afford. >> it it is affordable for many middle class people to. the majority play 135 a month, per person. and basic care, preventive care under that. and you also may have to check the doctor about what they may be billing you for. and then catastrophic illness or injury that is not going to be

covered be i your retainer feed. >> sounds like the perfect thing for a hypochondriac. i'm feeling a little bit of a headache. is it a tumor. >> think about people who really want to know and want to ask questions and have a lot of questions and there is so much information available online but you are not sure what to trust. you want to call your doctor and find out. it might be right for you. a lot of people say well i have a regular health insurance plan. does it make sense? many concierge doctors will take insurance. be thank you way to use insurance may be changing too. so high deductible planned with lower premiums and using the savings to get a concierge doctor. >> the one idea that 7% of doctors plan on shifting over to this make it much more likely that you will have to go to a situation like this. it is going to make it harder to find a traditional doctor. >> not necessarily that it's harder to find one but one that takes the amount of time that you one it bha more and more

difficult. and that is why people are saying they can be affordable. look at your health insurance plan and and what other options are available to you for health insurance and see how perhaps working with a concierge doctor can work for you. if you don't like to go to the doctors, this isn't for you. >> sharon, thank you. that is the show for today, i'm becky quick. thank you for joining me. next week the best new money app to help you save money a get a grip on your finances. keep it right here each week. we are "on the mon.

>> taylor and kanye. team up. taylor and jimmy team up. welcome to "access hollywood". this is weekend edition. shaun robinson. big story taylor on a roll in new york. we all know that taylor and kanye have made up. but now they bring the relationship to whole new level and next phase could be music to our ears. >> hi kanye. what's up man. how are you doing. >> hi taylor. >> taylor and kanye left manhattan restaurant separately seems unlikely dinner companion dine together. >>