credit skordcore. will it make borrowing easier? and his books have sold more worldwide.e. his popular stick figures are loved by adults and kids. we'll talk to the man behind diary of a whimpy kid. >> i wanted it to be a newspaper cartoon. >> "on the money" starts rightht now. >> from genetic testing for cancer to life saving advances against chronic illnesses. each year, technology brings news of medical innovations that save lives. with more people insured under the affordal care act and better ways to detect and prevent disease, what does the future hold for medical care. the ceo of the cleveland clinic leads a $6.2 billion health care system. the future of medicine. thank you for being here. >> nice to be here. >> i know that the cleveland clinic just finished up its medical innovations summit.

has a lot of people wondering what new things do you expect to change lives in. >> one thing we have seen across the entire spectrum of health care is genomics, and predicting, and genomics in beginning to change how you treat diseases that are genetically occurring. and i think this is going to be a huge breakthrough. >> what does that mean to the average person on the street? does that mean you might find faster ways to cure cancer? >> i think we're seeing this already. we're beginning to genomically $% test the cancer and find out what drugs that pararcular cancer will be responsive to. we have seen amazing results of that. >> these are things you actually think could rapidly improve in the next year? >> i don't think there's any question about it. i alsoohinke're going to start seeing prediction of where you are as an individual in your particular risk, and i predict today that some day all children are going to be genetically testst starting at birth. you want to know particular risks and how you can influence that going forward.

i think it's a big opportunity. >> that would be huge, as a parent, i would love to see something like that. if you did know that, what kind of things wouldld you tell em? >> for example, if you had a risk for colon cancer, you're going to want to start testing, doing colonoscopy early on in life. so there are many things, if you knew you had the risk for, that you would begin too preventive steps. >> let's jump off on that cancer portion of it. there's a new studyrecently new guidelines out there for breast cancer that suggested people should start latat and go less frequently. there's a lot of confusing news out there. >> i think the best thing to do is talk to your physician about this. some people are at higher risk ofancer off the breast, and then they should probably be tested earlier and more frequently. the most important thing is talk with your physician. >> okay, let's talk a little bit about obamacare and what's happeneded this wewe, welso saw that the 2016 premium rates are going to be rising for a lot of people.

i wonder from the affordable care act, what's happening with this and what can the average consumer expect at me? >> first of l, the affordable care act started out to do three things. increase access, improve quality, and wanted to reduce the cost of health care. so 13 million more people are covered. so accccs is improved. as far as quality metrics are concerned, but generally, quality has stayed the same over the last five years. then you move towards the affordability. and we've seen inflation rate in health care costs come down since 2008. last year, they were as low as 2.6% inflation rate. >> people say that's coincidence with the great recession. >> ion't think there's's any question about that. it looks like this year probably inflation rate is going to go up 5%. that's probably as a result of more people being covered across the country and as a result, you'reretarting to see thatt the rates are going up. now, the unknown aspect of this

is that there's now about 20% of people who are underinsured, so that if you have something terrible happen to you, you may only get 60% coverage of the medical costs. >> they don't have catastrophic care. that's a huge issue e a physysian when you see people come in, the cost can rapidly skyrocket in terms of if you have something seriously bad happen to you. >> exactly. so what we need to do is we understand that there's going to be t tmendous pressure o o the health care industry to reduce cost. no question about that. >> this week, the world health organization, there was a study that linked red meat and processed meat to cancer. what's'sour reaction to this? >> this is not new news. this has been going on for some time. and we understand that people are going to do better if they have less processed meat, less red meat and more fish,ore vegetables, particularly more vegetables. >> do you eat red meat?

>> i do, but not as big a diet as i did growing up. costs lately. there are two drug companies that have landed in the headlines for raising prices at dramatic rates. is there anything illegal, nothing illegal being charged at this point, but i i there anything theheovernment can or should be doing? >> the question is, is the market going to take its action. are people goingo get in and have the capacity to raise the prices without competition? >> you're talking about touring, who cornered the market. that's a one off. >> and liant, the same way. valiant had two drugs which had been around for 50 years and they raised the price of those just think about those drugs that valiant does. we reduced our costs as part of our tryinin to make it more affordable, $10 million at the pharmacy. those drugs, the valiant

>> as quickly as you're cut costs, higher prices from the drug companies -- >> pharmaceutical costs rose 19% last year. >> wow. doctor, i want to thank you very much for being here. always a pleasure eing you. >> nice to see you again. now, here's a lookk at what's making news as we head into a new week "on the money." if time feels like it's standing still, you might just be watching the federal reserve. the open market committee kept interest rates at near zero which is whaust most people expected, but they gave a strong signal the interest rates could rise in december if the economy is strong enough. the dow climbed nearly 200 points. the s&p 500,0, the nasdaqaq following suit. throw the markets fell at the week's end. the economy grew slower than expected last quarter. the thi quarter domestic product grew at 1.5%. at's a sharp decline from the 3

it's the size and scope of the economy. walmart knows what it wants under ischristmas tree this year. they're asking the faa for permission to test drones to make deliveries to customers. they say they're redy to test as soon as they get approval. ext on "on the money," she's gotot game. how one coach turned them around to a nearly undefeated record. lessons in leadership for winng on and off the court. >> later, the one number you need to know. a new way to calculate your credit score. what will it mean when you ask for a loan? we'll tell you.

week. . there are often parallels between sports and business. fierce competition, achieving goals, recovering from failure,

and of course, teamwork, are both critical in the sports worlrl and in busisiss. learning how to win in sports is similar to learning how to win in the boardroom. joining us is someone who knows an awful lot about leadership on and off the court. she's been named one of 5 5of the world's greatest leaders by fortune magazine. courtney banghart. thank you for being here. when you started out, you inheriting a team that had never played in the ncaa. since you did that, you led the squad in five of the last six years. how many of the ivy titles have you captured? five? >> i think it's five. going for six. >> how did you turn things around on such an incredible scale? >> i think the first part of getting the right people onboard, and in industry, finding players. finding people who are going to believe in great and recognize that's a journey, but great has to be the ultimate expectation. >> last year was a historic year. you went 30-0 as you were heading into march madness.

that is amazing going defeated like that. what makak for a good teamam how do you find the good leaders on the team? >> the journey that is 30 games and having to win every night out is a combination of never being quite good enough and never being -- never also being too good. we really walk that line well. it was really keeping them in the moment and they did a wonderful job being fearless. >> how difficult was it not to think, oh, my gosh, we're coming up on 29? >> i t tnk about 25. i saidd 30-0 is better than 29-1. that was a better story. and it was a story we're sharing being in the ivy league, a truly academic institution that values the s sdentthlete experience but the student experience. that's a different than a lot of other institutions. that was a story that gravitated so many americans to it, which is neat. >> you're dealing with people who are going to be the future leaders of america. >> yeah. >> how do you take these leadership lessons you're teaching now, how does that translate into the world of busigess?

them to useheir voice, to be a teammate, understanding their piece of the puzzle is critical and you're bigger than something biggen than yourself. individuals are really important. it's sort of like i'm coachingg 15 individuals for team success in their journey and entrusting the process of their growth makes us really good. >> is that an accountability issue, is tt spending time individually with each of them? >> probablbl momoso that, more being present to each kid and their needs, and some you have to teach them to use their voice, some you have to teach to be more confident, some you have to teach nemto walk away from mistakes, some you have to teach it's okay to be fearless. i walk that line individually so together we are that combination of fearlessness, toughness, celebrating each other, being a part of something, but each piece has to fit in the mold. >> you talal about peoeoe who don't have enough confidence, who don't use their voice. is it different coaching women than men? >> no, not@ at all. i think when we get here, we

really try to empower them than we want to be good early. it goes by fast. there's no -- there's no silencing ego. it's encouraging them to be eat. we need them to own their potential a a their oppopounity. >> just inerms of what you, your path for getting here, this wasn't necessarily the path you wanted to go. you didn't start out wanting to be a coach. >> maybe it's also not recogngning i was a neuroscience undergrad and i went back and got my writing master's degree never realizing that coaching would be a vocation. i realized it's so much more than the round leather ball. i'm not sure my parnldz or some fewers understand that, but the magnitude of the responsibility we have is profound at this level. >> what moved you the most over all? is there a story, a ment? >> i defended --- turned 29. i defended my thesis, i did a support leadership thesis in graduate school and i got a call from the princeton graduate director and i t tught, i have

been applying to any number of things wondering what is next after my masters. it was something else almost believing you're ready, ready to try this. i knew being the best me was what was princeton was hiring. i'm committed to that. i hope today is the better version of me than yesterday. >> thank you for joining us and thank you for the lesson. >> thanks so much. >> up next, we're "on the monene" a neweway to figure out your credit score. will it hurt or help if you're trying to get a loan. >> later, how this wimpy kid became a worldwide sensation.

series tells us howow chronicling there may be a new way to calculat your credit score soon. the credi recording industry is working on alternative credit scores they use more than just bank and credit card statements to determine your credit worthiness. sharon epperson joins us on your money, your future, and your new credit score. why is this happening now? >> there are so many people who lack credit or who have gone through hard times and they're not able to get credit. this is way to look at other types of things, not just looking at if you pay your bills on time, which is a big part of your credit score today, but other types of information, looking at your cable bill, your utility bill, your checking information, how often you move and the size of the menthe

all that will factor into the new scores well. >> i can understand how it would help some people who are in a situation where, ok, i don't have the c cdit history that other people have, but are there people who are going to get hurt by this? there there could be. this is why it's so very important to get your report, your credit report, from annual credit report.com a a check it out, make sure there's no errors and you have to go through your cable bills, make sure there are no errors there, and be pretty vigilant in terms of paying those bills on time. it's really important, but it is going t t help people, about 60 million people who don't have credit. >> if you fail to pay a bill on time, let's say for one month, there are times i have been away and haven't seen bills that have me in, maybe iaid a week or two on accident, is that going to ding me or do you have to do this over a period of time? >> let me point out these are new scoring systems that are being introduced slowly and nothing is in effect t, but yes, this is mng you have to pay close attention to.

many months, many years since you had a credit card, you know what to do. you call up, you say i was out of town. this doesn't happen. >> i never do that. >> you should call. sometimes they'll say we'll make a note of that. and so it won't go on your credit report. it is also better to call. it's probably the biggest piece i want to tell people. when you have an error on your credit report, if it's something you think is going to impact your score, make sure you contact the credit b beau and let them know. when will the new scores be available, and will companies look at both scores or do you get to pick? >> they're being introduced perhaps the end of this year or next year. they're still going to be on the same range that we have now in credit scores of 300 to 850. lenders, some lenders may look at a couple different things. this gives them another option to look at for you. and they're not clear yet which lenderssre going to use which scores. >> let's hope the lenders look at our higher numbers. not our lower numbers. >> exactly.

>> sharon, thank you. >> sure. up next n the money," a look at the news for the week ahead. >> and he's one o o the most successful authors in the world. how this children's book author

a business success story. for more on our sho and our guests, go to our websbse. anddou can follow us on twitter,@onthemoney. here are the stories coming up that may impact your money.

do media titan cbs, time warner, disney, and facebook. on monday, the ism manufacturing report for october is out. monday also marks the start of open enrollment for the affordable care act. on tuesday, we get october auto sales numbers. and on thursday, you better pucker up. chocolate maker hershey begins selling deluxe kisses. those are double the size of regular@ kisses. and on friday, the big number of the week, we're going to find out how m my jobs were created last month when the october jobs report is released. >> how does writing a few best sellers help you sell books? it o o. stick figures and humor that make up kinney's series diary of a wimmy kid have sold more than 150 million copies around the world and led to feature films. diary of a wimpy kid old school is out october 3rd. i got to ask him how he started his career.

i wanted to be a newspaper cartoonist. i worked at it for years and realized i didn't have the chops and skills to make it. i thought how can i get my cartooninize to some sort of format that people will read? i decided on books. i came up with this character, greg, and spent eight years on it before i brought it to an editor. >> it's amazing in that i understand the appeal, but what's crazy to m is it's been translated into 4 4 languages. it's all over the globe. this is a universal issue. how did you tap into that? >> i have no idea. i ask myself that all the time. sometimes i sit across from a kid in madrid, spain, orr maybe brazil. we don't share a language or a culture, but we share these stories. that's what we have in common. really, it's that weave childhoodn common. it's a universal language. >> are you thihi character? are you him? >> he's the sum of my worst parts and amplified, too. i have lots of faults and flaws and greg is sort of a manifestation of those. >> what happebs to greg in the

>> in the latest book, greg actually, his town goes unplugged, electronic spree, and greg as a modern kid has a hard time adapting. >> that's also an adaptation to you. pop trop caw is a part of you. >> yeah, i'm raw rawbooks and turn off all electronics and then i'm like, oh, yeah, i have this othth life as a digital person. i have a pretty good balance across the spectrum. >> you're not even joking. you have opened an iependent book store that is really two different personalities on either side. why did y y open thihi small book store? you opened it in massachusetts in a small town. >> in plainville. it's called an unlikely story. it was really a realization of a dream. there was an old markethere from the 1800s, and we had to take it down. then we built up this really nice three-story colonial and put a book store in it. it's great. people are coming from miles around and even overseas to visit thihi store.

it's so cool to see people walking down the streets, kids holding a book in their hands and looking really happy. that's nice. >> most people would say, opening an independent book store, you're about 50 years toooo late for that. amazon, you look at everything that is happening. do you think, first of all, is it mng you can make a profit on, and second of all, is it because it's a book store or your book store? >> a combination of everything. at 2% to 5% margin, so you're not going to get rich off it, but when you look at my town and all of a sudden this small town that's choked with traffic and police details. itit makes meeel like there is a need for this. it's not -- they're not there for my books. they're there because of books, because they le books. >> do _ou feel that battle still taking place, though? you have poptropica, pushing video games, the independent book store and books made into movies. you're a multimedia guy. >> there's a lot of dissonance in my life, but i learned to adapt to it.

>> do you think you'll ever write a book that has a different character? maybe a girl character, maybedo something le j.k. rowling where you go and write adult books now? is there something t tt appealed to you in that? >> i used to think i was an adult author. i wrote diary of a wimpy kid as a nostalgia piece, looking back. >> it applies to adults, too. >> you're the audience i was striving for, but i found out i'm a kids author. i'm going to stick with kids. >> jeff, thank you very much for coming in. it's really a pleasure. good luck with the book. >> thank you again. >> thank you. that's the show for today. i'm becky quick. thank you so much for joining me. next week, student dent keeps soaring. find out the best path to get the student loans paid off. keep it here. we're "on the money."