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tv   On the Money  ABC  March 26, 2017 7:30am-8:00am EDT

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>> hi, everyone. welcome to "on the money." i'm bik i can quick. leaky apps? what you down load on your tablet or phone could be stealing your personal information. the travel season is a busy one, but you can still find bargains, travel tips and off-the-radar destinations. having the talk. no, not that one. when should you start having conversations with your kids about money and how much should you tell them? and the playbook for life after football, a unique program for pro athletes. >> football is a short career. >> "on the money" starts right now. >> this is "on the money." your money, your life, you future. now becky quick.
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>> aps could be stealing your personal informing. andrea day explain what is to watch out for. download dpangers. that's our cover story. >> reporter: from game, to news to navigation. the global app business tops $140 billion a year, with get this, more than 10 million download each download, according to experts, comes the risk of your private information leaking out. >> maybe it's leaking your user name, your password and credit card information just by you hitting a single button. anything they may have put into that tool is vulnerable. >> michael covington is a vp. a recent study uncovered more than 200 mobile apps and websites leaking personal data. >> a security professional was not aware that this ms. brands were not protecting that information. >> major brands we won't name here, but covington said his group alerted the app
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developers. >> i've seen some of the parties usually react by having a new app or new website out within 24 hours and in other cases they don't even pick up the phone. there's so much demand for each service provider to have an app available for their customers that there's a push to accelerate their time to market. >> reporter: some of the findings, close to 60% of all leaks coming from news, sports and shopping apps. and 80% of the top 50 adult sites were found leaking personal data. >> what was really surprising that about 85% of the data leaks that we saw actually included a password. if you think about the combination of a user name and a password, that's all that you need as an attacker to get access to everything else that might be in an account. >> and he said fake wifi hot spot where is hackers pretend to be a trusted network were on the rise, making the unsecured info easy to grab. there. >> there's no attack required on a device when it's freely giving away information in
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unprotected way. >> think twice about the type of info that you enter. >> company that's providing a free news feed shouldn't be asking for credit card information, dates of birth and social security numb >> reporter: and his other advice is to read the reviews before you blindly trust any app, especially one that's just landed in the app store. don't be patient zero. give the app time to sort the kinks out before you try it. for "on the money" i'm andrea day. >> how can you keep your personal information safe when you're using your smart phone. joining us now is brian vecci. he's with veronas. thanks for coming in today. what can i do to make sure i'm safe? >> sure. first you want to know what a new app is and why you're make sure you update your phone and mobile apps. sometimes we don't want to update apps because we can lose features or it wil s
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update comes out, it's got security features that fix the exploits that -- >> i always think if i'm using a trusted brand like amazon or disney, i'm safe. am i right to think that? it sounds like there were a lot of apps that even major companies, not those two in particular, necessary, but major brands aren't necessarily as safe as i thought. >> sure. major brands are going to do everything they can to protect your information to make sure apps are secure, but they're human and exploits are going to be discovered over time. >> i always wonder about apps that are free to down load. i always think wait, what's the catch? is that potentially a trojan horse trying to get in? >> absolutely. and you should be careful about what kinds of information you give to an app. when i down load an app it's going to ask do you want to give this app access to your phototoe or location. so be very careful about which
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just be careful about when and how you grant that information. some apps are going to ask for more than they need. you might download a new app that asks you for everything under the sun. just a careful? >> that's a warning sflag. >> it might be, absolutely. >> of we talked a little bit about the whole idea of wifi. are you safe to think you can use wif wii anywhere? maybe if you're selective, should you ever be using wifi? >> in general, i think you should avoid publi networks if y can. they're certainly convenient, but in security, we often trade security for convenience. and if you want to keep your information secure, be very careful about which networks you connect to. >> what about laws potentially regulating some of these things about what companies can and can't do with your privacy and how they are making sure to protect it? is there anything out there that protects me at this point? >> well, there are many data security laws, especially in europe right now with gdpr. gdpr is the general data
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protection regulation, being mandated by the eu. and it covers the things like the right to be forgotten and making sure companies protect your personal data by having privacy by design and doing regular risk assessments. that's probably a model for what the rest of the world is going to see. but we can only be so protected with the rules that are in place if they're not enforceable or a company decides they want to break the rules to steal your data there's not much you can do. >> is there anything like that here in the united states? >> hipaa per health information. i think gzpr is a model we'll see here in the future but who knows. >> what do you think about amazon, echo or any of these other potential home things that are listening at any point in time? >> i think we have to be very careful about the kind of information that we send up to companies. if amazon's echo or google's home or apple's siri is listening to what you're saying you need to be kargful about the kind of information you're providing. they're using that
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marketing purposes. you just need to be careful. >> brian, thank you for coming in today. >> thank you so much for having me. >> now here's a look at what's making news. stocks had their worst day of the year this. the dow falling more than 200 points loss on tuesday, dropping 1% since october. the nasdaq following suit. the market moves largely over concerns about the repeal of obamacare. the market cares about that because m well be a precursor of whether president trump and the republicans can get tax reform done as well. americans bought homes last month since the fastest pace at july. new home sales rose more than 6% in february, in spite of climbing mortgage rates. builders have increased the number of homes being built as the supply of existing homes has dwindled. the company that was once america's largest retailer issued a stunning warning this week. sears said it may not be able to continue as a going concern.
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and recently sold off its iconic craftsman brand. and if you bank with wells fargo, you may not need your atm card soon. the banking giant produced cardless cash machines that allow you to use your phone instead. other big banks are likely to follow suit. up next, we are "on the money." planning a trip this spring, why you may have company no matter where you go. and if you're still looking for a vacation destination, some new places at great prices. regent now, though, a look at how the stock market ended the week.
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fios is not cable. we're wired differently. maybe that's why we've been nked highest in customer tisfaction by jd power 4 years a row. and now you can love fios too. get 150 meg internet, tv and phone. all for $79.99 per month, for the first year with a two-year agreement. it's the only internet with equal upload and download speeds. cable only offers upload speeds that are a fraction of the download speeds. plus get hbo for a year and free multi-room dvr service for two years. and verizon wireless customers can stream tv on the fios mobile app, data-free. get the best. go to getfios.com
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>> if you are planning on flying anywhere this spring, you will not be alone. a new report shows that a record number of people will be taking to the skies. in fact, airlines for america estimates 145 million people are expected to fly somewhere in march or april. phil lebeau has more on why so many people are taking off and what they should expect when they take their flight. that's more than half the country. >> it's an maizing number when you consider how many people are up in the air. for a lot of these people, they're going up realizing they've got a decent deal on fares. though those ticket prices are rising will be more people than ever flying. nearly 90,000 more every day. that means crowded planes and airports. this continues a trend that has pushed the number of people flying on u.s. airlines to an all-time high topping
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million last year. why are so many taking to the skies? well, consumer confidence is close to a record high so people are more comfortable taking a trip, especially with the economy gaining strength while unemployment remains low. and right now, airfares remain relatively cheap. but the website hopper.com which tracks airfares says domestic tickets will rise between now and june when the average domestic ticket will go for $263. that's a slight increase compared to last year. airlines have been adding planes and flights to prepare for the growing number of people flying this spring. and, in fact, we're still seeing the number of seats out there in terms of larger planes being used, that continues to grow, becky. so while you may get to the airport and you may seau, it seems like there's more flights than ever before, it's actually the fact that we're seeing larger planes. at the end of the day, you're still looking at fairly congested planes when you're traling somewhere this spring.
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middle seats. phil if you're up for tackling those crowds, you can indulge your spring fever and plan a getaway. boy have we got deals for you. joining us now editor and chief of "budget travel" and budgettravel.com. it sounds like it's going to be more expensive, but you're pretty sure there are really good ways to get around some of these thin. there's a sewer fire way to make sure you're getting the lowest rate for a room. how do you do that? >> yeah, hotels want your locality back. and what you do is use expoed yeah to research a great rate. then call the hotel's front desk directly, ask them to match or beat the expedia rate. >> so is it better, if you're trying to book a cruise, is it better to book in advance before things get fight? or better to wait until the last minute? >> the answer is yes. booking way in advance can mean you're getting the rock bottom introductory wait. they want to build that as early in the season as possible. but waiting until the last minute can be really
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less than $100 a day for caribbean cruises. florida cruises. and it's because those cruises are coming up in just a few weeks and they're desperate to fill ien it's kind of like trying to sell a carton of milk before the expiration date. >> what about if you're planning a romantic getaway as a couple. what are some ideas? >> we looked at quebec city right now. the exchange rate with canada is very good right now. you're talking about cobblestone streets, sipping good wine, eating good food, it's like paris. >> youf eve got the whole family, other places you might be able to see? >> i kind of have a surprise suggestion. santa fe, new mexico. it has a really cool program this spring. they're welcoming families. they're saying families come stay, you'll get potentially a free night. kids can eat free at
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restaurants, get free activities all around town. this goes through to about mid april. visit santafe.org and read about the incredible deals. >> did you spend any time looking at national parks? >> national park week is coming in april. april 15th and 22nd, admission is free. once you're in the park, admission is good for seven days. if you're family traveling in the national parks in the spring -- of course, the ones that are warm already. grand canyon, great smokey mountains, some of the northern parks are still -- >> robert, thank you so much for your time today. >> great to be here. up next, we are on the money. what money lessons should your kids learn now and what should you save for later? plus, later these players are on a road trip but it's not for a game. they are learn
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kids are like sponges. they soak up what's around them and it seems no different when it comes to money matters. joining us is the money coach with some ideas for raising some savings savvy kids. thanks for being with here. t.rowe price came out with a survey that it conducted even -- and
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behavior, you bad money behavior flows down. >> i think you should talk to kids as soon as possible. we know because we're moms with younger kids, too. as soon as they can talk about money and ask for something in the score, mommy can i have that to buy -- as soon as they start asking about money itself, about the physical currency, about -- what is this? a dime, a quarter, a coin. start introducing those conversations as early as possible. >> when you start having these conversations with kids and you're like we need money for that. what is money? well, i have to explain it. it's a lot to try to take in. >> but kids need to have those con variations with us. money is meant to do one thing, spend. because that's all they see us doing, transaction. conversation of the teract purpose of money, the value of money, how we use money and the
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>> it's a limited supply. >> 69% of the people they talk to say they're reluctant to talk to the why is that such a tough conversation? >> i think it's a couple of things. it really does depend on the age. they focused on kids in the 8 to 14 category. they think this is not appropriate for kids. this is perhaps kind of tacky or gauche or just inappropriate because we don't want to burden the kids with money matters. sometimes parents are frankly embarrassed, too. maybe they don't have their whole finances together and they don't want to talk about it with the kids. >> you say kids need to make choices. with that is probably where it's pretty tough. how do you go about doing that? >> here's what i teach my kids. money is not meant to be spent. after you earn money, you can do four things with it at the end of the day -- save it, spend it, invest it or donate it.
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have those choices, they really will make good choices, you know? and that t.rowe price service said 44% of parents allowed their kids to make those decisions. you think oh, i can buy a new barbie doll, an x box. but if you talk to them about philanthropy and helping others. if you talk to them about delayed gratification -- >> i'm working on that w mine. >> it's all good life lessons. thank you so much. >> my pleasure. >> a look at the news in the week ahead. how one nfl owner is helping his players plan for a second career. >> it's great for the team, brings them closer together.
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fios is not cable. we're wired differently. maybe that's why we've been nked highest in customer tisfaction by jd power 4 years a row. and now you can love fios too. get 150 meg internet, tv and phone. all for $79.99 per month, for the first year with a two-year agreement. it's the only internet with equal upload and download speeds. cable only offers upload speeds that are a fraction of the download speeds. plus get hbo for a year and free multi-room dvr service for two years. and verizon wireless customers can stream tv on the fios mobile app, data-free. get the best. go to getfios.com
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>> here are the stories coming up that may impact your money this week. on tuesdaying we'll get a read on the hem prices across the country. and consumer confidence will gauge just how optimistic consumers are about the state of the economy. on wednesday, the pending home sale index tells us how many home sales went to contract in february. we're also expecting to see a historic relaunch and
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the space x falcon 9 from the kennedy space center in florida. and happy birthday to the eiffel tower. the doors opened at the iconic landmark, 128 years ago on friday. we've all heard stories of pro athletes going broke, but one nfl team owner is helping his players think beyond game day. morgan brennan has the story. >> reporter: life after football. miami dolphins are getting schooled in winning off the field. >> boom, they hit into one another. >> 16 players headed to a combine steven ross arranged for his team. >> i think as an owner, i have the responsibility to develop as great football player, to prolong their career, but also the fact is i think it's a responsibility to make sure when their career is over. >> midtown manhattan is one of dozens events they will take in over the course of the week.
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>> they want to think about the future and predict they come in here and speak with our executives. one of them was just asking me, what's the difference between the steel building and a concrete building. >> it takes them to a lunch-time q& a with equinox. to learn more about business and investing. >> to kind of shadow these business millionaires, billionaires. it's an amazing opportunity. >> football is a short career. that being said, you have to plan. >> players chose to participate, paying thousands of dollars out of pocket for the trip. the goal -- make connections that will last long beyond their playing years. >> i think
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a common language. i think a lot of these athletes will be great employees for equinox. >> with so many pro athletes going broke after their nfl careers, roth is determined to make sure his players don't become just another statistic. >> since we shot that story, the linebacker jenkins signed with the oakland raider, but several studies has shown retired athletes face a higher level of bankruptcy than the broader population. it speaks to better financially literacy for these flayers overall. >> how is this different, is it above and beyond what they're already getting at the nfl level? >> this represents the first time that a stand-alone team has done a stand-alone event like this that hasn't been affiliated with the nfl or with the university. and that's important. because it means that these players pay out of pocket to do this event. the thinking goes there that because they're paying for
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in their future that they're likely to take it even more seriously. >> it's amazing how many had done their homework had really smart questions. they're walking around with knapsacks and were just taking notes of everything. >> student athletes. all over again. morgan, thank you very much. that does it for us today. i'm becky quick." thanks for joining us. with the april deadline approaching, we're going to have some common tax mistakes that you can avoid. each week, keep it right here. we're "on the money" have a great one. see you next weekend.
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good morning, america. breaking overnight, regroup and revise. the white house reassuring supporters that tackling health care is still a priority. >> we will end the obamacare nightmare and give the american people the world class health care that they deserve. >> what's the next step? >> oh. >> [ bleep ]. >> all this as tensions grow higher than ever been trump supporters and protesters. the fresh violence at rallies. protesters tackled and beaten. caught on camera. fleeing las vegas. the robbers in animal masks. tearing through the bellagio hotel to make their getaway. where are they now? and just hours later, the famous

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