.>> hi, everyone, welcome to "on guaranteed income. a facebook founder has a plan to give a check to every family in need. who pays, who benefits, and can sharing the wealth reallyor whe. consumer reports best, worst, and most reliable cars of the year. a poker pro's principles for decision making. why itomes to your money. and the hot toys your kids will be playing with this year. some are smart, some are familiar, and some are just plain fun. >> toys that are meant to be broken over and over again. >> "on the money" starts right now. ♪ >> this is "on the money," your money, your life, your future. now, becky quick. >> what would you do with an extra $500 a month? we begin with a plan that would

give that money to working families. chris hughes is a cofounder of facebook and he says that his proposal would help close the income gap between wealthy americans and those who are struggling to make ends meet. his idea is this week's cover story, guaranteed paycheck. in 2004, a group of harvard students launched a new social media site they called at the time the facebook. among the cofounders with mark zuckerberg was his roommate, chris hughes, a scholarship student from a sma town in south carolina. he worked there three years before leaving. in 2012 facebook went public, raising $104 billion, chris hughes earned half a billion in hughes wants to help wealthy americans who are struggling. since 1995 the income gap between the top 1% and bottom 50% continues to climb. at the end of 2017, the federal reserve found the top 1% of americans hold 39% of the country's wealth. to help reduce income

inequality, zuckerberg is among technology leaders proposing a universal basic income, $1,000 a month for everyone providedut hughes has a slightly different idea. he says caregivers, students, and part-time employees who are working but falling behind deserve financial stability. his proposal, a guaranteed income of $500 a month, every month, for working americans and families earning less than $50,000 a year. who would pay for it? the 1%. so, is this a good idea, or a pie in the sky dream? chris hughes is the author of "fair shot: rethinking inequality and how we earned," and as we mentioned, one of the founders of facebook. >> thank you for having me. >> we heard a lot of talk about the universal basic income. this is not that. this is a slightly different plan. how did you come up with your version of this? >> inspired by many of the same ideas that if you're working hard to make ends meet, you shouldn't live in poverty in america. it sounds so simple, but unfortunately it's not true.

and what's happened in reality is jobs have become more and more unstable, and half of americans don't have $400 in the case of an emergency, so oftentimes people talk about ubi or universal basic income as an idea we'll need when the robots arrive, self-driving cars take over. that may be true, might not be true. it's an interesting debate to have, but in many ways i think the future is already here. income inequality has not been this bad since 1929, and we have the power to combat it and change it. frankly, i think it's a moral issue, but also pragmatic one. the best way to stimulate the economy over the long term is to put more money in the hands of working people so consumer spending grows and the entire economy grows in turn. >> your plan is similar to one that already exists, the earned income tax credit, but yours is slightly different because it's not just people right now receiving a paycheck who would qualify for this.

is we don't need thek to prevent brand of government programs. instead we should invest in what works. the earned income tax credit is a very large program that lifts more people out of poverty today than food stamps, unemployment insurance, and housing vouchers combined, and the way it does it is through cash, sometimes the best solution is the simplest. tens of millions of americans get a boost to their bottom line, and they can use that money on whatever they see fit, and it's extremely powerful. m is that we should invest in that program, modernize it to make it monthly, make the amount flat to $500, and also importantly expand it to a lot of untraditional kind of work. childcare, elders a huge growth industry because of aging baby boomers, but if we recognize that kind of work as work, in addition to lyft drivers, gig economy,aditnal jo

working person in america and combat income inequality. >> we mentioned leading up to this you made half a billion when facebook went public. why you understand what it's like to struggle? >> i grew up in north carolina. my dad was a traveling paper salesman, my mom was a public school teacher, and i got financial aid to go to a boarding school and later in college where i wound up rooming with mark zuckerberg and working on facebook, but by all accounts getting what can only be called a lucky break, and my perspective on that is we have to be more honest about how much wealth the 1% is getting and how luck and fortune are playing a key role in order to talk about the other 99%, people who are working just as hard, but who haven't gotten a raise in decades. so, my view is that those are the kinds of people i grew up with, are the kinds of people

who need more help, not the kind of corporations and the 1% who getting the advantages of the tax cut that got passed in the last year. >> where does this stand in terms of potential momentum that it's picking up? >> so, there's actually a pretty big bipartisan consensus on the idea of the itc. now, modernizing that and growing it, i think,ex frontier. it will take time, but i think if income inequality grows worse, we'll be looking for more and more solutions, and this, i think, is the most proven and promising. >> chris, we want to thank you for your time today. we really appreciate it. >> thank you. now here's a look at what's making news as we head into a new week "on the money." federal reserve spoke and the markets listened. stock markets were confused. minutes from the fed's open market committee meeting in january were le t fed saw a strengthening economy. that news sent stocks climbing initially, but then stocks

pulled an about face and tumbled over concerns the fed would raise interest rates more quickly than first thought, slowing down economic activity. stocks rebounded thursday when the fears calmed down. on friday. existing home sales fell in january, down by 3.2%. that was in part because of higher prices and fewer houses for sale. en t number was below years, lucky charms is introducing a new shape. parent compaenping that its uni as magically delicious as the other shapes. the hourglass will be phased out to make room for this hot new up next, we're "on the money" looking for some new wheels. consumer reports just released its 2018 reviews and ratings, so which was best in be a brand you've never heard of. later, lessons from the poker table. skills to help you make any money decision. right now, though, look how the stock market ended the week.

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♪ ♪ it may be the best brand you've never heard of. consumer reports is out with its annual auto rankings combining road testing and owner satisfaction scores. the results show the top performing and most reliable vehicles and as phil lebeau found out this year, it's a new brand that came out on top. >> it is not a well known luxury brand, especially among those looking for a new high-end car, but genesis, which was started hyundai in late 2015, is the top auto brand right now, according to consumer reports. coming in right ahead of established luxury brands audi and bmw. >> while there are other luxury vehicles on the market, these are luxury vehicles that are reliable and have a lot of features and electronics and the

le electronics work and is not as complicating and distracting as other models. >> consumer reports'rert card oy is based on the organization's own testing of vehicles it buys and the evaluation of more than a half million consumer reportst work on their cars and trucks. after analyzing the data, consumer reports designated ten vehicles as top picks, including the toyota highlander, ford f-150, and the all-electric chevy volt. consumer reports' top pick as a green car. >> this is the first vehicle that's much more affordable, has a much larger appeal, and gets in our testing 250 miles of range. that makes it really usable and can appeal to a lot of people. >> while consumer reports says the overall quality of cars and trucks is improving, cann continue to struggle with reliability. jeep is rated as the second lowest brand, right behind land

rover and ahead of fiat, which is dead last for a second straight year. >> they don't perform very well, they don't satisfy their owners, and the reliability is not impressive. >> fiat-chris hysler says it appreciates the report from consumer reports, but says those opinions don't always align with what they are hearing back from their customers, and they believe that people should come in, drive a jeep, drive a fiat, that way, becky, fiat-chrysler believes those are the opinions that really matter. >> i was going to ask just that. i have a jeep, jeep commander i've owned for ten years, feeling like it's time to drive a new one because it's got over 112,000 miles on it. i have to say, this report is making me question it, even though i've had one for ten years. how much sway does a report like this have with potential buyers? >> depends. you may be swayed not to go back and take a look at jeep, but if you look at jeep sales over the last ten years, where they have finished near the bottom, not

only in this report, but other types of reliability reports, it hasn't slowed down the success of jeep. >> phil, thank you very much. great to see you. >> you bet. up next, we are "on the money." why skills from making bets can help you make better decisions. how lessons in poker can help you with your money. and later, from cute and cuddly to the super high-tech,

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decision about an uncertain future that's informed by your beliefs. >> as you say, there is a lot of uncertainty in poker, also in life, but you say that poker players really know how to use that uncertainty to their advantage. how does that translate for someone who maybe doesn't even know how to play poker? >> so, i think -- if we think about it, every time we make a decision, there's a set of futures that might occur, but we don't know exactly what the future is that will happen, so we can use that to our advantage, because when the future doesn't work out a certain way that we wanted, we become less emotional about it, which i think is really good. i think the other thing is we don't just assume because something turned out poorly that a person made a really bad decision or if something turned out well that they are brilliant, so it gives us a better analytical eye so we can learn better from the outcomes of our lives and we recognize the way that turns out is uncertain in the first place. >> how can you use strategies like this for somebody who is maybe trying to figure out what to do with their retirement

money? >> it's really good to think about how do we get to the end point, right, what's the end point that we want to look at, as opposed to thinking about one possible future. when you're not thinking ahead to what are the different scenarios and how might things go wrong, for example, which is one thing that we don't like to think about when we think about uncertainty, what can happen is you can start to think about bets, how do i get rich, that one future, which causes you to have let it ride or pressing strategies, causing you not to be diversified, so you have to think about what's the future i get rich and what's the future where i'm safe and things go well. what's the future where i go broke. and when you get to the future where i go broke and the possibility of that, it reveals the let it ride strategy and reveals diversification that kind of free lunch is really the way to go. imagine yourself in the future and what your goal is trying to get to and how is that competing with what your short-term desires are.

>> you know, as you point out, just because you're coming into something with a lot of facts and some experience, it doesn't necessarily mean things are going to go your way. back in 2011 you cofounded a poker league, the league later filed for bankruptcy. what did you learn from that and how would you take strategies from what you learned there into what you do down the road? >> sure. i think i learned what most people learn from a start-up, which is you know that you're going into something that's really uncertain. obviously, the majority of start-ups fail. >> right, right. >> you know, you're, obviously, trying to start something that's going to be great, but you also understand it's high risk. >> would you take the risk again, or did it make you risk averse? >> i don't think it made me risk averse. i think that what you try to do is think about what's the information that i maybe overlooked that i can take into the future with me in order to increase the probability that if i start something like that again that it would succeed. i think you learn from every

single experience about, you know, how do i improve my decision making going forward, and i think as long as you're learning and you're improving your decision making going forward, then it's always worthwhile. >> annie, great advice. love the idea for the book, again, it's called "thinking in bets," we'll see you again soon. thanks for your time. >> thank you. up next, a look at the news in the week ahead and the hot new toys that will be making it on to your kids' wish lists this year. stick around. g. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal.

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♪ ♪ here are the stories coming up that may impact your money this week. on monday we will see how many new homes were sold in january. the durable goods report comes out on tuesday. that measures items that are expected to last more than three years. then on wednesday, the second read on the fourth quarter gdp will be released, and on thursday we'll be getting auto sales for february. then friday marks national read across america day. it's celebrated on the birthday of theodore geissel, or like you know him, dr. seuss. robots, dinosaurs, and dolls. those were some of the thousands of dolls showcased this past week at the new york toy fair, that's the largest toy fair in the country. so what are some of the hottest trends we can expect to see this year? we took a look.

>> there's over 1,000 companies here, and if you can envision seven football fields filled with toys and games, that's how many toys are in this building. >> neuroscience with the 99%. >> we can have our brains control other people's bodies. >> really, really hot, so we're going to see toys that code, toys that are using technology. >> this is the first super robot. they have facial recognition, voice command, walking, talking robot with books. >> a.r. is a home run. if you can make the books come alive with technology, it adds value to it. that's truly a way for us that a.r. works. >> a lot of millennials are parents now, and a lot of brands that they love to have a resurgence, because parents want to share what they played with when they were a kid with their kid. >> all fun and games until somebody gets goo over them.

joining us now, the president and ceo of the toy industry association. steve, thank you for being here. >> absolutely. >> you brought some stuff for us to actually play with and talk about the trends driving these things. >> so much cool stuff. we've got all kinds of fun things to play with. >> stretch armstrong, which hasn't been around in years and years, is now making a comeback. what's going on? >> nostalgia play, parents want it for their kids. hasbro has done a great job, created their own program on netflix, so now it's on tv, the teenage heroes are on there, and you can own the toys. $7, a great price point. he flexes and does all kinds of cool things. these guys shoot missiles and throw discs and stuff, so you can collect them all at $7 a piece and be under $25. there's going to be some bigger ones coming down the road, really a whole line of stretch armstrong, but led by the flex power team, which is now in the netflix program. >> okay, cool. i have to get to this, because this is perhaps my favorite thing. you have a new jurassic park

movie coming out. what is this thing? >> this is kind of the ultimate mask. jurassic world is coming out this spring. yeah, go for it. >> all right. >> you can cinch it on your head almost like a set of ski goggles, and there you go. kids can do role play, fits into the movie theme, but this is going to be cool. life-like skin, eyes are going to move. three different sound patterns. >> when i move my mouth, it's going to move? >> exactly. so you'll be able to cinch that on your head, run around the house, and be a dinosaur. $34.99, so for all that cool stuff, great price point, as well. mattel has done a super job with that. >> my son has watched some of these videos on youtube where you can unpack the toys and they come out. it's like free marketing. he loves watching these things. what is this? >> collectibles are hot, unboxing is hot, discovering. so this is a blind pack, the biggest on the market, meaning you don't know what's inside. exactly, kind of sell them at the cash register. so this is squish delish.

kids love things that squish nowadays and reexpand. this is a great product from jacks pacific. really capitalizing on all those trends in one product. $14.99 price point. kids love this stuff. there's six versions of this, owl, this, or that, this is the robot right here. cool stuff that this generation of kids is having a lot of fun with. >> one of the hottest things we had this holiday season were the fingerlings. this is a big version of that. >> this is the new plush from wowee, actually a tech company, did fingerlings, which was the big story of the holiday season. this guy brings the technology of a fingerling together in a plush, so you can hear him talking to me. he gets a little gassy at times, but that's just his way, and just like any baby -- you throw him in the air and he has a grand time. so a kid can talk to him, it will record your voice and talk back to you in monkey gibberish.

he's a cool toy. technology, plush, this is the prototype, just like that's the prototype, but this is going to be a hot toy this year, because he's just ridiculously fun. >> very quickly, we're about out of time, but this last thing looks pretty cool. >> ultimate sidewalk chalk, specialty toy stores, this is sidewalk chalk in the shape of sushi or a donut. cool thing to buy for a birthday party. we know moms are going to want this. this is from a little company in philadelphia, made in philadelphia, made here, handmade, super cool. $8 for the donut, $21 for the sushi, but if you come to a birthday party with this tray of sushi and it's chalk, that's going to be super fun. >> clearly for the kids who have everything. steve, thank you, love showing this stuff off. >> great range of products. >> thank you very much. folks, that is the show for today, i am becky quick. thank you so much for joining us. next week, a membership that lets you go to one movie in a theater every day for $10 a month. each week keep it right here, we're "on the money," have a

great one, and we'll see you next weekend. ♪ ♪

right now on "nbc 10 news today," sunday morning soaker. most of our region is seeing heavy rain. how much will fall and how long will it last ahead in the first alert forecast. deadly toll. severe weather leads to flooding and at least three deaths in kentucky and causing rivers to rise in other states. waiting outside. new accusations emerge about potentially more sheriff's deputies who did not go into the high school in florida while that shooter targeted students. plenty to get to on this sunday. good morning. this is "nbc 10 news today." i'm rosemary connors. i'm dray clark. all weekend long, we've been

telling you