hi, everyone. welcome to "on the money." i'm becky quick. you can't see it, you can't hear it, but it is everywhere. the high-tech phenomenon that's affecting your life, almost everywhere you turn. it's a money-saving move millions of homeowners are missing out on. what they're not doing that could save hundreds of dollars every month. the language of success. the career that's never lost in translation. if you've got a new job, what should you do with that old 401(k)? lots of choices and even a few good answers. from marine to monks to managing money. one man's astrouounding journey. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, now, becky quick. >> we begin with artificial intelligence. from online shopping to self-driving cars, ai is the

brains behind the computer software that is in every part of our lives. and in the medical field, it is saving lives. as meg terrell reports in this week's cover story, computers are smarter and faster, but sometimes it takes a person to come up with the really big idea. >> reporter: mit professor teaches computers how to learn. her work focused on areas like translation of ancient languages, until a breast cancer diagnosis three years ago. >> going through it, i realized that today we have more sophisticated technology than to shop our shoes on amazon, to adjust treatments. >> so she set out to change that, using her expertise in artificial intelligence and machine learning. in collaboration with doctors at mass general hospital, her group is training computers to analyze mammograms. the hope, detect signs of cancer earlier than the human eye is capable of. >> looking back, there was

clearly no tumor on the previous memos, but was there something in this very complex images that would hint us that, you know, it's a development. for a human looks at it, it is very hard to quantify the change. but for a machine that may look at millions of these images, people like me, this should really help them to learn what others are seeing. >> reporter: experts say artificial intelligence will change the practice of medicine, starting with diagnosis. andy beck found a top ai a year ago after winning a competition to teach computers to diagnosis breast cancer from digital images. over time, their system became so smart, its accuracy surpassed that of an expertly trained pathologist. they see the biggest potential in teaming up computers and doctors. >> the combination of human plus ai, in this example, reduced the expert's error rate by 85%. >> regena hasn't given up her

focus, only now he's teaching computers to read health records. the goal, to incorporate all the data collected on patients to make more personalized treatment decisions and improve the practice of medicine. >> now after being a patient, i really very strongly feel that, you know, it's up to you to go and change it. >> while some people talk about a future where artificial intelligence replaces doctors, most see it more as a tool to help them do their jobs better. >> meg, thank you very much. meg terrell. of course, health care is just one arena where artificial intelligence is getting smarter. april covers technology. thanks for being here. >> thanks so much for having me. what is artificial intelligence. how would you characterize it? >> you can think of it as software. a computer program that does something automatically. so if something has artificial intelligence in it, that means it has software if it that allows the computer program to do something on its own without a human pressing a button the

entire time. >> and the story we just heard, they talked about how amazon can predict shoes you might want to buy and netflix can suggest a movie you might enjoy, but how can these programs anticipate behavior and can you think of other areas these algorithms might be used in next? >> they're able to participate behavior by drawing on your past behavior. they require a tremendous amount of data that they process, these software algorithms, in order to determine what you might want next. so if you typically go for a romantic comedies, it's going to suggest a romantic comedy next, based on your behavior. but there's all sorts of ways that these types of predictive alg ruorithms can and have alre creeped into our lives. >> are these machines getting smarter or are they doing things beyond having a big catalog? >> well, they are getting smarter, because the more data you feed it, the more refined the results will become. >> you know, apple's got siri and there are devices like amazon's alexa, google has the

home. all of them respond to your voice. you can ask them questions, but these devices are listening to you all the time. who's hearing you and what's going to happen to that? >> they only start listening when you say a "wake" word like "alexia" or "okay google" for the google home device. but once you say that, it is listening and sending that information back to the servers at that he company. and they're supposed to be holding it securely and they say they are, but there are people whose name is alexa, right? so it could inadvertently start collecting in effect then. and of course, there is the possibility that once this information is collected, that it could be subpoenaed. >> do you think this is a real threat? can computers get too smart and get ahead of the programmers, or are we a long way from rise of the machines? >> people kind of talk about how artificial intelligence will get too smart and take over the world, but the truth is that it's pretty dominant, it already kind of has. it already is everywhere, right?

and it's not that it's -- i wouldn't see it a as a threat, necessarily, but you know, artificial intelligence programs do know more than you or i do, often, particularly, when it comes to specific areas. >> but it does start to raise the question, is there any job or any industry that is safe from job losses? i know that these are seen as tools in some places, but aren't they going to take over some people's jobs? >> yes, and they already have. think of like a travel agent. we don't really use travel agents anymore, and that's because we use software that can find cheap flights for us. but there are some things that software will just never be able to do. things that require a tremendous ament of human empathy, like caring for the elderly, not just helping them pick up things. we might get robots that are able to fetch a glass of water one day, but when it comes to say, teaching kids, of course, we have software and computer programs that can help kids learn, but that requires a certain level of human empathy that computers just won't be able to replace.

>> april, thank you so much for your tim now here's a look at what's making news as we head into a new week "on the money." america's economy created more jobs last month than expected. 222,000 new workers were added to the rolls in june. that was well above expectations. the unemployment rate, which is conducted in a separate survey, inched up to 4.4%. that is still very low by historical standards. all that news sent markets higher in early trading on friday, after a very choppy holiday shortened week. stocks in part falling oil prices. the markets closed higher on friday. the rate of growth in the service sector of the u.s. economy is accelerating. the institute for supply management measures the strength of that sector. june had reading of 56.9, which is ahead of expectations. anything above a 50 reading shows expansion. and qvc has gone on a little shopping spree. liberty interactive, which owns qvc, is buying all of its rival, the home shopping network, for

about $2 billion. both channels will remain as individual brands, but you'll probably see some cross-promotion on each. if you're shopping for a new job, there's one field that won't get lost in translation. there is a big need for interpreters as the world is increasingly globalized. the job is fast-paced and challenging, and as kate rogers reports, the united nationses is just one of the places where those skills can be put to work. >> reporter: several years ago, giai alberdon was working as a translator in a peace keeping mission in lebanon. today she's putting her skills to use at the united nations, translating documents from english and french into her native arabic. she's also working on her spanish, taking classes twice a week. >> ever since i was in school, i was fascinated with foreign languages and cultures. so, it was in high school when i decided that i wanted to do this. >> reporter: positions at the u.n. are highly coveted and translators work on tight deadlines. >> the united nations is a

political organization dealing with of sensitive issues and the member states demand the best from the translators. and we cannot afford the second quality. >> reporter: but the payoff is getting to be a part of something greater than just one's own career. >> i think the best part of the job is the multi-cultural environment. we come from different cultures, backgrounds, genders, and age groups. and i think this is enriching on the professional and the interpersonal level. >> reporter: each year, thousands of people apply to take the language exam here at the u.n. to become translators, editors, and verbatim reporters, but only several hundred people actually make the cut. salaries can range from about $60,000 a year all the way up into the six-figure range, depending on your role, and there are a ton of opportunities for advancement here at the u.n., becky, because each year, they workload just gets greater and greater. >> kate, thank you so much. kate rogers. up next, we are "on the money." if you own a house, you might be leaving money on the table. what more than 5 million people

aren't doing. and later, when you switch jobs, the one thing you should not leave behind. right now, let's take a look at how the stock market ended the week. if you have afib not caused by a heart valve problem, and you're taking warfarin, you have the choice of a different kind of blood thinner. pradaxa helps stop blood cells from pooling in the heart, forming a clot which can cause a stroke in the brain. in a clinical study, pradaxa was better than warfarin at reducing stroke risk. and in the rare case of an emergency situation, when seconds matter, there's the only fda-approved reversal treatment made for people taking pradaxa that helps you clot normally again. don't take pradaxa if you've had a heart valve replacement or have abnormal bleeding. don't stop taking pradaxa without talking to your doctor, as stopping increases your risk of stroke or blood clots. tell your doctor before any planned medical or dental procedure, or before stopping pradaxa. pradaxa can cause serious, but rarely fatal bleeding.

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low mortgage rates and rising home values are a perfect combination for homeowners who are looking to save some cash on their monthly mortgage payments. but millions of people aren't biting. diana olick explains why. >> reporter: matthew bueller had plenty of equity in his boca raton home, but didn't decide to ea refinance his mortgage until he absolutely had to. >> we were out looking at new and re-sell construction and the pricing that we were running into just didn't financially make sense for our family. >> reporter: home prices were so high that he decided to stay in his current home and refinance,

taking cash out for renovations. >> i think interest rates are going to go up. and that's part of the reason why my wife and i decided to go ahead and move forward with it. >> reporter: close to 4.5 million borrows nationwide are eligible and have financial incentive to refinance their current mortgages. that according to a new report from black knight financial services, which factored in closing costs. this is an increase of 1.6 million borrowers from just a few months ago, when mortgage rates were higher. at today's rates, the average borrower could save $260 per month and nearly 700,000 borrowers could save $400 or more per refi? >> i think there's a little bit of a cloud when it comes to mortgage financing. in other words, a lot of people think the process is very difficult. when, in fact, it doesn't necessarily have to be that difficult. >> reporter: most lenders, like weaver, have now streamlined the process online and some will give approval in just a few days. >> we all know that property

values have exponentially increased, which can give them the opportunity to perhaps have mortgage insurance removed from their loan, which in turn can save them a lot of money. >> reporter: refinancing is not for everyone, though, especially if you're closer to the end of your loan term. you could lower your monthly payment, but resetting the length of the loan again would cost you more in the end. becky? >> and how quickly do mortgage rates usually move? >> reporter: well, they're not like stocks at all. you won't see a huge jump up one day and a huge fall the next day. but they do move week to week. in fact, they moved higher in this past week. you need to watch the rates week to week, talk to your lender, and see what the trend is, not necessarily what that daily rate is. >> got it. diana, thank you very much. diana olick. up next, we are "on the money." you found the perfect new job, but does it have the perfect retirement plan? what you should do with what you saved in your old 401(k). and later, one man's unique

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the jobs market in the united states is pretty strong these days, and that means that a lot of people are looking for something bigger and better. but if you find something new, there may be one little thing that you haven't thought about yet. and that's what to do with your old 401(k). the right decision now could mean a lot of money later on. joining us right now to talk about these choices is tim spieth of eisner alan wealth planning. thank you for being here. >> thank you, becky. >> when you start a new job, should you take your old 401(k) with you or leave it there? what's the best advice? >> generally speaking, you want to make your life not complicated with, so rolling a former k plan to a new employer plan could be the way to go. you would want to have a number of considerations. are the investment options in the new flan as good or better than the former. you would want to look at fees. you would want to consider if the new plan has investing education or financial planning education or tools. all of those things are very important to consider.

>> you know, i had another job a long time ago, i left my 401(k) there. is it too late for me to do something about that now or can i roll it over? >> you can roll it over. >> which would probably make a lot of sense, because then i can combine the money and get lower f fee? >> you're a great example, you're having to track two 401(k) plans. >> if i'm looking at my current 401(k) plan and it's not as good, what other options do i have? >> you would want to see if you could add on i.r.a.s. >> an individual retirement account. >> roth i.r.a.s, personal savings. the plan might allow after-tax contributions, your current plan, which you don't get a tax deferral for that, but you can put more money in, the earnings grow without tax being paid on it. so that's just another idea to make what you might think as maybe not as effective a present plan, make it more powerful more you. >> that makes sense. what should i really be considering when i start trying to decide what to do with my 401(k). it is confusing.

there are a lot of different options and choices. and a lot of people, you look at it and think, i don't even know what the means. >> the first place we usually suggest someone start is, how much are they trying to save over a hypothetical career. most people now are working to age 65. someone might want to retire early. this is why it's very important if a 401(k) plan offers modeling tools, so grow on to your k-plan site and put in your name and age and your current earnings and you can start to model -- >> if i want to get to $1 million, here's what i have to save every month. >> whatever the number might be. that's where you start. >> thank you so much for being here. appreciate pinpoint >> bye-bye. up next "on the money," a look at the news for the week ahead. and look back, you know some people went through their hippie faces, some became marines, but what about those who became monks? we'll meet the man who became all three and find out what he's doing don't you mean dad kind of ruined our hawaii fund?

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here are the stories coming up that may impact your money this week. on monday night, amazon kicks off its third annual prime day with 30 hours of online bargains for its prime members. tuesday we'll see how optimistic small business owners are when the nati federation of independent business releases its monthly survey. and it's baseball's halfway point. the 88th annual all-star gail

will be in miami. wednesday, we'll get the fed's beige book, which measures the nation's economy by region. on friday, we'll get retail sales for june and president trump will be in paris, meeting with the new french president on bastille day. if life is a journey, doug lineham is already very well traveled. he's been a hippie, a marine, a monk, and now something completely weird, a financial adviser. he joins us now from santa fe, new mexico, to share his journey. and doug, thank you so much for being here. >> thanks, becky. thanks for having me. >> walk us through your trip. how did you go from being a monk to working in finance. that's a bit of a stretch. >> it is a bit of a stretch, but what i found in the monastery is i wasn't very good at giving spiritual advice, so i had to find some other way of being of service. i was the junior monk in the community and i still have a long way to go in my own spiritual adventures, but i realized that most of the people who were coming to the monastery with deeply disturbing personal problems, if you dig behind them and you really sort of get to

know people well, there's typically a critical financial issue lurking somewhere in the background. and i realized that that is what i was really good at helping with, unexpectedly, these problems fell into my lap and in the process, i think i found my real calling, which is trying to make people's financial lives a little bit better and help them to prevent the suffering i see from poor financial decisions. >> how did you figure out you were good at finance? >> it goes back to a rather painful story in the beginning of our journey when our community faced some really difficult financial struggles and ultimately had to go through a bankruptcy, which was very, very painful. and at the time, of course, was a gut-wrenching and horrific and the suffering that it inflicted on, you know, on me and the people around me was quite, quite catastrophic, from a financial perspective. but looking back, almost 20 years into the past, it was maybe the best thing that ever happened to me. it was the kick in the teeth i needed to get my act together and take responsibility for my own finances and actually learn what some of the emotional

struggles and road blocks are that people have that prevent them from making good decisions and staying on top of their finances. >> which are what? >> i find that when i'm working with clients, probably 20 to 30% of my time is really working with numbers and the rest of the time is helping them with their emotions. and their sort of -- sort of their preconceptions about money, different values they may have around money. and some of those things may be getting in the way. >> don't sell in times of a panic, don't try to buy in the fervor, when everybody else is running into sympathetiomething? >> exactly. that's a really key one, and there are a lot of other ones in terms of spending habits and in terms of, you know, current consumption over future consumption. >> delayed gratification. >> exactly right. >> did you ever have any training in finance or did you teach this to yourself? >> well, i do now. at the time, when i started, i did not. and i -- after having sort of dealt with the community's financial difficults, i -- first

thing i did was went to a bookstore and grabbed every book on personal finance i could find and red every single one of them. and realized i still had a lot more to go. and i sought out amounts of training to be able to operate in this profession. that began a journey and i found myself unexpectedly after that needing to hire an economics and personal finance teacher at the school where i was working. and there was no one who could do it. and i ended up having to step into that role on a very short notice and found they loved it. >> so how do you find your clients these days? and who are they? >> well, my primary target market is teachers and teacher communities around the country. so what i found out the hard way was that teacher retirement plans are really very poorly designed. there's been a lot of sort of compla complacency in the industry and schools have forgotten their

fiduciary responsibility. so i had one really horrific story where a colleague came to me in her early 60s and asked for some device in planning for her retirement. we opened up her retirement calendar, this is maybe the first time she had even looked at it and there was only $16,000 there. and i was just shocked. how did someone teach for almost three decades and have absolutely nothing saved for retirement? now, obviously, there's personal responsibility here, but my question was a little more fundamental. like, what was wrong with the system, with the planned design. they didn't sort of catch this and sort of warn people. like, hey, you're not on track. and there's something we can do to help. and i really wanted to design a company that could do that and focus really on customer service. >> doug, it's a great story and i'm so glad that you found your true calling. thanks for sharing with us. >> thank you so much. becky, appreciate it a lot. >> that is the show for today, i'm becky quick. thank you so much for joining us. next week, jewelry that is much more than just pretty. you wear it, but it can also do something else. each week, keep it right here.

we're "on the money." have a great one and we'll see you next weekend.

breaking news on nbc 10 news today. a car crashes into an spca in delaware, killing the driver and setting the building on fire. it forced the evacuation of the animals inside. that story straight ahead. >> a blow for the process. the 76ers top draft pick gets hurt in summer league action. we have the details on his ankle injury. summer beauty. that what's in store for us today. a live look over philadelphia. sunshine and lower humidity are ahead in the first alert neighborhood forecast. good morning. this is nbc 10 news today. i'm rosemary connors. it's 5:30. plenty to get to. let's start with the weekend weather. krystal klei is trac