tv On the Money NBC October 2, 2016 5:00am-5:31am EDT
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hi, everyone. welcome to anti-money. i'm becky quick. they save millions of live but what is antibiotics stop working. the battle against superbugs and the price we all may pay. you order an order and nobody has their hands on the wheel. who is driving this thing anyway. it's been one year since the chip cards were introduced. are we any safer, and what takes so long when you use these credit cards? and kids playing in toy cars may not seem that unusual, but for these children it is a remarkable sight. one man's mission and a very happy toy story. >> we've been trying to figure out ways to make his life as best as it can be. >> "on the money" starts right now. >> announcer: this is "on the money," your life, your money, your future. now becky quick.
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we begin with superbugs. when antibiotics were first discovered in the 1940s, they were hailed as life-saving wonder drugs preventing infections, but new strains of bacteria that are called superbugs have evolved, adapted and built up resistance. what does this mean for the future of modern medicine? that is this week's cover story. they are called superbugs, strains of bacteria that have become resistant to antibiotics. they cause infections in 2 million people in the united states each year and kill 23,000. since they were discovered about 70 years ago, antibiotics have saved millions of lives, but they have been overused causing bacteria to evolve faster and leaving medications ineffective. if current antibiotics fail to kill bacteria and doctors can stop infections, many procedures like organ transplants, chemotherapy and major surgery could become higher risk. how did we get here? nearly one-third of prescriptions for antibiotics are unneeded and incorrectly prescribed.
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for some germs, the biggest source of resistance is animals in the food chain, and antibiotics are widely overused in animal agriculture to promote faster growth. the last new class of antibiotics was discovered in the 1980s. the economy may also take a hit. superbugs could reduce global growth between 1% and nearly 4 has. in a landmark meeting the u.n. general assembly voted last week to fight antibiotic resistance or superbugs as a global health crisis. how can we protect ourselves from bacteria that drugs can't kill? here to help answer that frightening question is dr. beth bell. she oversees the cdc's emerging infectious diseases program and dr. bell, thank you very much for being here today. >> sure, thanks so much for having me. >> i feel like i've been hearing about this story for a long time, but is there some sort of tipping point we're hit? are the superbugs really starting to win the battle? >> the superbugs are always changing, and the more they change and the more antibiotics we use, the more dangerous the
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situation is, and certainly now in other parts of the world there are bacteria that are resistant to all known anti-buysics, so this is really a frightening situation and really one of the move serious infectious disease threats of our time. >> what does it mean for medicine? what are the implications here in the united states? >> you know, this really is putting modern medicine at risk. if you think about some. main advances in medicines over the last decade, for example, cancer chemotherapy, organ transplantation, joint replacements, the success of all of these sorts of innovations is really based on our ability to treat infections, so antibiotic resistance and the rise of superbugs really does put modern medicine at risk. >> yeah. i know, some of my relatives always said don't go to the hospital. that's where you get bad things that will kill you, but you hear about things like mrsa and concerns about going in for what you would think of it as a routine surgery, what kind of risk are you facing at that
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point? >> in hospitals, in nursing homes, in other kinds of facilities as well as in doctor's offices there's a lot more that we can do to prevent infecti infections. are all the health care workers washing their hands? is the environment clean? are the various pieces of equipment being changed as they should be? very, very important point. infection prevention is really at the foundation of preventing antibiotic resistance. >> let's talk about some of the areas where there has been -- this has been a problem. farming is an issue where we give antibiotics to the flocks or the herds to make sure that what we're getting the most out of food production. how much does that contribute? how much of this is antibiotic misuse or doctors who are prescribing things or patients not using their antibiotics correctly? >> overuse and misuse of antibiotics whether in health care, with doctors or on the farm with animals is the major driver of antibiotic resistance, and there are many strategies that we're using in health care to improve antibiotic use.
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by making sure that doctors are prescribing antibiotics for the right conditions. >> not to mention that people a lot of times don't finish their dosages. >> right. >> so you may not be feeling sick, but you haven't killed the bug. >> right, right. >> people and patients themselves have a really important role in playing in improving antibiotic use. you know, first of all, you want to realize that taking an antibiotic is not a risk-free thing to do. there are side effects from antibiotics, and make sure and talk to your doctor to make sure that you really need the antibiotic that's being proposed. we've done some studies recently that suggest that the 47 million unnecessary antibiotic prescriptions are given every year in the united states. >> wow. >> and then if in fact you do need the antibiotic, you're right. it's very important to take the antibiotic as prescribed, and even if you're feeling a little bit better you should finish the antibiotic, according to how the doctor tells you to take it. >> we keep talking about how the
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germs have continued to evolve. >> yes. >> but we haven't seen any new antibiotics in the last 25 years. why is that? >> you know, it's a very complicated question is why there are not the number of antibiotics in the pipeline that we would hope. things are improving a little bit there, and there are some of antibiotics that are currently being developed and new policies and new strategies and for not only antibiotics but other kinds of products that might help to prevent infections and resistant infections in the first place, so there are some things being developed. we have a lot more to do in that area. importantly though as we've been talking about these bacteria are going to keep changing, and so they are going to keep developing ways to -- to develop resistance against even the new antibiotics, and so that's why prevention is such an important component of fighting antibiotic resistance. >> great. dr. bell, i want to thank you very much for your time today. >> sure. it's really been a pleasure talking with you. >> thank you. again, beth bell from the cdc.
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now, here's a look at what's making news as we head into a new week "on the money." america's economy is a little stronger than last thought. the final reading of last quarterquart r gross domestic product came in above the briefing reading 16.1%. the gdp is the broadest measure of the u.s. scope and economy. investors and u.s. businesses were in part responsible for the number. the dow swung triple digits every day by thursday, two up and two down and falling nearly 200 points later in the week on concerns of the stability of deutsche bank. that's a large european bank. the nasdaq and the s&p 500 pretty much followed suits. stocks were higher though on friday. pending home sales fell in august to their lowest level since january. those are contracts to buy previously owned homes, and that decline largely came because there just aren't enough homes to sell. tight inventory is an issue across all parts of the housing market, and it's not exactly a
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swan song, but the production. once iconic blackberry smartphone will now be outsourced. the company saying it will focus on software development and have its partners build the actual phones. up next, we're "on the money," ride-sharing giant uber is testing a new ride. self-driving cars. would you get in one of these things? and later it's been one year since the launch of chip cards, but are they really stopping fraud? right now a look at how the stock market ended the week. i'. aflac! isn't major medical enough? no! who's gonna' help cover the holes in their plans? aflac! like rising co-pays and deductibles... aflac! or help pay the mortgage? or child care? aflaaac! and everyday expenses?
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cars. phil lebeau has more. >> is this the future of ride-sharing? uber says it could be. that's why it's operating a handful of self-driving cars in pittsburgh. >> i think the public is going to be delighted. i expect that there's going to be kind of an interesting experience, you know. you call an uber and are used to a specific experience, and now you have kind of the future coming to you a little bit early. >> customers who order an uniner this city will be offered a chance to ride in a self-driving car for free. uber will have a driver and engineer in the front seat monitoring the car's performance and standing by to take over if something goes wrong. meanwhile, there's a jean in the back seat so customers can track their ride and see what the car sees. like other autonomous-drive vehicles, the uber autonomous drive vehicle lets you know or the driver know when the car is ready to take over. hit this button, and now the car will control itself, and we're going to turn at this
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intersection here. that was the car entirely. >> reporter: why is uber modifying ford fusions and volvo xe-90s with 20 cameras and 7 lasers when the company already dominates the ride-share business in the u.s. by paying real people to drive their own cars? because several automakers and tech firms are testing or plan to roll out their own self-driving ride share programs, so when the day comes that autonomous drive cars start to take off, uber will have a fleet ready to roll. >> there's a conscious effort within uber to drive these first to market because the -- the business opportunity is pretty strong for them. >> reporter: but are people in pittsburgh ready for self-driven uber cars? >> i would definitely feel comfortable riding in a self-driving car. i trust it over human drivers. i just took an uber, and they were asking me if i would take one and i said no.
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>> i don't think the average person would be okay with no one behind the wheel, you know what i mean, but i think it will be something good for the city. >> reporter: pittsburgh will soon find out if these strange-looking cars become a normal part of getting around the steel city. for now, pittsburgh is the only place where you can get in an uber driverless car or autonomous drive vehicle and eventually they expect to continue to develop this autonomous drive program and expand into other cities. >> how long for those of us not living in pittsburgh will actually see this, phil? >> reporter: a while and further out into the future, probably well into the next decade before you see an uber pull up to your place and there's no driver behind the steering wheel and you get in and you drive off. >> so you drove that car like i would. you never really took your hands too far away from the wheel. you were a little nervous, weren't you? >> you're not supposed to. >> you did more than the actual uber guy sitting there who was
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just a passenger. >> it takes a while to get used to. eventually you become more comfortable behind the wheel, but i have to point out, becomy, a couple of times that we saw vehicles cut in front of us, called a pittsburgh left, very common in pittsburgh where people don't wait. no, i'm serious and will h that happen a couple of times. the vehicle stopped us, but you're there to grab that wheel just in case. >> i don't know. i'm still skeptical. like the guy who said i don't know if most people would feel comfort basketball this. >> you're not alone. >> glad to see you driving the way i was. good job. phil, thank you. up next "on the money," still swing? it's been a year since the chip card was introduced, so why is it taking so long for everybody to get on board? and later, you can drive my car. we'll t
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juswho own them,ople every business is different. but every one of those businesses will need legal help as they age and grow. whether it be help starting your business, vendor contracts or employment agreements. legalzoom's network of attorneys can help you every step of the way so you can focus on what you do. we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here. one year ago credit and debit cards that are embedded
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with computer chips came to the united states. those chip cards are supposed to make shopping safer, but they have hardly made it easier. got complaints of long wait times of card readers and at this point only a third of merchants are actually chip card ready which raises the question has this really helped fight against frau right now is financial journalist stacey tisdale and thanks for joining us. >> it's a pleasure, becky. >> we know that the chip card technology isn't new. it's been in europe for a long time. why did it take so long for us to adopt it? >> i think in the united states there wasn't a sense of urgency because we have really good credit card protection and fraud systems in the united states. the wake-up call didn't really happen until the target breach in 2013. >> right. >> hand that's when the chip card associations really took the lead and created the rules of the game before the government could come in and regulate it. >> it's supposed to be the chip card technology that prevents the fraud. how does it work and why is it better? >> every one of your purchases,
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there's a unique code. it's like you get a new code every time you buy something and the mag stripes when you swipe, those can be duplicated and copied and people are getting your vvc code, your expatirion date and technology can be lifted and that's not the case with the chip cards. it's very cool. >> it is better at doing this, but there's been a lot of complaints for consumers. one of them. stuck in the lines and you feel like ist' taking forever. are we imagining it's taking longer for these cards to be used? >> glad you just got stuck because i've lost cards twice. i would say the average transaction is about 15 seconds, and when they first came out 30 seconds and stuff. i think a lot of the technology has improved and visa is coming out with something that will make it take just a few seconds. quick check. a lot of it was human behavior. when the things were new, we were fumbling around with them. the cashier would be like can you put that in again, can you do that again, can you swib
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again so we're getting used to it, too. >> it's a learning curve. i admit, operator error on some of these issues. i know the chip cards are being used for both credit cards and debit cards and you see the credit card is bett.er if this is so much safer why do i need to worry aboutow debit card? >> if your money gets stolen that money is on your account right away. you can't use it for other expenses and can throw things in turmoil and there's a rigorous process. can take up to two weeks to get your money back. >> i say never go in and use your p.i.n. number on any of these places because if it gets picked up there. i had $1,800 out of my account once. >> never use it again. >> hard to get back. a credit card it would have been a phone call. i have these fraudulent chgears. >> thanks so much for coming in. >> pleasure, thanks. >> up next "on the money," a look at the news for the week
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ahead. >> and how a few small tweaks to toys can make a big difference in the lives of some special kids. >> it's a game changer for the kids. >> go baby go. >> i can get over 60 sheets of dry wall into my mercedes-benz mattress. the (new) mercedes-benz metris worker. hauls more. stows more. and, at $25,995, saves more. add a low overall cost of ownership, and the metris worker can handle any business. starting at $25,995. mercedes-benz. vans. born to run. the possibility of a flare was almost always on my mind. thinking about what to avoid, where to go... and how to deal with my uc. to me, that was normal. until i talked to my doctor. she told me that humira helps people like me get uc under control and keep it under control when certain medications
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haven't worked well enough. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. raise your expectations. ask your gastroenterologist about humira. with humira, control is possible.
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factories were with the ism manufacturing index. and on this day in 2008 congress enacted t.a.r.p. that was the $700 billion bailout package for the financial industry and on tuesday the vice presidential candidates will face off on a debate on cbs. on wednesday we'll be getting the ism non-manufacturing foul for september and on friday it's the closely watched jobs report. we'll get to see how many jobs the economy created or lost in the last month. toy sales are on the rise and on pace to do something they haven't done since 1999, increase by 7 % but kids with disabilities often have a very different toy story and are often on the outside looking in and can't access or use toys like most guys and that's why go baby go is helping kids mobilize. >> reporter: kads playing with
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toy cars may not seem like anything out of the ordinary. >> go baby go. >> reporter: but for most of these kids and their parents it's extraordinary. for some it represents the first time they will be able to move on their own, like for 6-year-old paxton. >> my hope is that they will be able to ada is
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. trump tax trouble. his campaign defends itself against newly uncovered documents about his tax that's surface as the republican presidential nominee rallies for support in pennsylvania. toppled trolly. guests at a delaware wedding are hurt when the ride tips over. here's a live look outside. citizens bank park. a lot of clouds out there right now. they will stick around for much of our sunday. find out when we'll see some sunshine return to the region. >> good morning, everybody. i'm ted greenburg. it is 5:30. thank you for being up early with us.
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