. hi, everyone. welcome to on the money. i'm contessa brewer in for becky quick. forged fingerprint. why the way you log on to your mobile device may not be as secure as you thought. stocks have their worst day of the year. washington, wall street, and what you shoul. and how one mom got fed up with her kids making a mess in the car and became a mother of invention. congratulations, you have a college graduate! but what if he's back to sleeping on your couch? how to deal with boomerang children. roommates wanted with a twist. how seniors are looking for shares. the new golden girls. "on the money" starts right now. this is "on the money." your money, your life, your future. we begin with a new cyber threat. if you thought

fingerprint could safeguard your phone, think again. your touch i.d. might be vulnerable. as andrea day reports in this week's cover story, the hacker's next way in could be under your thumb. >> how unique are your fingerprints? a team from nyu's school of engineering developed these digital master prints that mimic random fingerprints and could potentially hack into your device. >> a fake hand with these master prints on it, then i can lock say, 25, 30, 40% of phones. >> they didn't test it using real phones, only computer simulations, but say it still raises question. >> in order to unlock your phone, i don't need your fingerprint, i just need a master print and i just have to do it once, then i'm just in business. bring me phones and i keep unlocking them. >> how does it work? the entire fingerprint would be tough to match. most devices only use small partial prints making the centers much easier to fool. >> when you take a small part of it, then that

to go down. >> since he says most smart phones store multiple prints and give you a few tries to unlock, that could open the door for hackers. >> it's as if i would have to get in through one window but 30 bins windows. any one of them is left open, i'm he in. to a security person, that's a problem. >> how this could work on a real device is still unclear. >> you may have to create a synthetic sort of fingerprint, say a glove or a hand, synthetic hand, which has these master prints on them. >> apple posted the following on line. every fingerprint is unique so it's rare that even a small section of two separate fingerprints are alike enough to register as a match. the probability of this happening is one in 50,000 for one enrolled finger is much better at the odds of guessing a typical four digit pass code. in its latest android pass code google requires less than 2% of a failure rate for its readers. >> the professor says he still

own device and has no plans to change that, but says you may want to reconsider using a print for things like banking and other big financial transactions. for "on the money" i'm andrea day. >> so how can you protect your phone and computer and stay ahead of the hacker's next trick? steven grossman is head of strategy at bay dynamics. it's a cyber dynamics company. great to see you. i use my fingerprint touch all the time. is this the hacker's next big trick? how safe am i? >> if you look at the security on the devices, you have many different ways of securing your devices. just like any other security, it's a matter of balancing security and convenience. how many locks do you want versus how much inconvenience do you want to be when you enter. >> the manufacturers point out now, too, that having that fingerprint has encouraged a lot more people to put security on their device where they may not have had that four digit pass code before. let's talk about other hack attacks. over

global ransom wear attack called wanna cry. it mostly hit businesses, but i know that there's a ransom hack attacks are becoming more prevalent. what do you do if your computer gets held hostage? >> if you get into that situation, unfortunately you have some decisions to make. hopefully you've practiced good cyber hygiene in order to prevent it. >> what does that mean? >> keeping up to date with your patches, put up protection software, antivirus software, most importantly you have good backups so god forbid you have something happen you can wipe it clean. if you are caught without ba backups, then you have a decision to make. >> if you have a lifetime of digital photos on your computer, would you ever advise someone to go ahead and pay the ransom? >> that's it. i don't think i would advise anybody to pay ransom but the reality is if you are caught losing financial information and ph

may be in a difficult situation to pay it in order to recover t. that's what we're finding with many corporations, that they're caught in that situation. they end up paying it in order to get it back. >> you and i were talking off camera how common an occurrence how common these e-mail phishing schemes are. will everyone find them? >> we've all clicked on that link. the number one thing you can do to prevent it from getting into your machine is be careful what you click on, don't download that file, don't click on that link unless you're 1,000% sure where that e-mail came from. if you have any doubt, delete that e-mail just to be safe. >> we're just now living our lives in a more digitally connected way where our cars are talking computers, connected to the internet, our homes are connected to the internet. we use baby cameras and monitors that are connected to the internet. are we safe in our homes and our cars from hackers generally? >> tha

definitely a vulnerability that we all have as we move into this world following best practices, following good cyber hygiene, making sure you have a good fire wall, good router. keeping up to date with the patches and keeping up to date with what the major weaknesses are. >> thank you so much for sharing your expert advice for us. hopefully it keeps everybody safe. >> my pleasure. thanks for having me. here's a look at what's making news as we head into a new week "on the money." stocks had their worst day of the year this week. the dow fell 275 points wednesday, more than any day since last september. the staupd follow&p 500 followe. the nasdaq had the worst day since the brexit after the firing of fbi director james comey though stocks recovered later in the week. more signs of a strong housing market, existing home sales in the first quarter climbed 1.4%. that translates to an

rate of 5.62 million homes, which is the highest number since 2007. millennials may be starting to enter the housing market, which is pushing out both demand and price. if you can't wait for that next big mac with fries and you don't want to leave the house, you may be in luck. food delivered from mcdonald's is now available in four new cities, l.a., chicago, phoenix, and columbus, ohio. the food is sent through uber eats. the service will be expanded to more cities in the months ahead. well, markets have been on a rally since the election. all it takes is a sharp dip like the one earlier this week to make people concerned about retirement savings. david kelly is chief global strategist for jpmorgan funds. david, great to see you today. >> glad to be here. >> are we going to see more of what happened this week where the events in washington seemed to have an immediate negative reaction on wall street? >> we may well see that. i mean, in fact, what's happened since the start of the year is the market has been unusually

election but really been very quiet. came as a bit of a shock this week to see this move. we'll have to see how the events play out. if the investigation continues quietly in the background, maybe there's not much fallout. if we get more revelations or more reaction from the administration, that sort of changes the odds. there could be more volatility. >> if volatility is going to pick up, does that necessarily mean that we should go in and change our retirement savings plans? >> no, it doesn't. i think the key question is where is the economy going? we are in an old expansion here which we're now in its eighth year, going into its ninth year. it's going to be slower. i think the growth in the market is going to be slower. the economy looks okay. it's a.m. bling forward in a pretty healthy fashion. as long as you're positioned okay earlier on, there's no reason to make a change right now. >> often be our financial advisors talk to us about the right mix of stocks and bonds. does potential for volatility have any sort of indicatio

more in bonds right now? >> first of all, we don't know that volatility is going to be much higher than it has been on average. the second thing is, interest rates are really slow. i think for an investor who wants to reduce risk, make sure they're very well diversified. the rest of the world is doing quite well. the global economy is picking up. i think this is a good time for people to think am i invested enough around the world, not just here in the united states? >> how closely are you and guys working in the industry watching what happens in washington and how things unfold with the white house in terms of managing money? >> we are watching it very closely. i mean, the president's agenda is potentially very good for the stock market, particularly if we get cuts in corporate taxes and if we get cuts in the capital gains and dividend taxes that we used to pay in part for the affordable care act. there are things in this agenda which could be positive in the stock market. there's a question mark whether

implemented. so it does matter, but for right now there's no particular reason for people to change their allocations. >> david kelly, appreciate so much your insight and perspective. thanks. >> any time. up next, we're "on the money." meet the momtrepreneur vowing to squeeze the goodness out of every moment. later, the boomer generation. how to keep the peace when your adult kids come back to the nest. now look at how the stock market end bed the week. i love how usaa gives me the peace of mind and the security just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family,

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you never know when a great idea is going to hit, but it's what you do next that can make all the difference. joining me now is kristen aimer, the ceo and founder of the

original squeeze. it's a reusable and spill proof food pouch. we see kids with all of these fruit and veggie pouches they can squeeze in. how did this idea hit you? >> so when my son will was ten month old we were late on the go. i handed him one of these disposable pouches and he squeezed and made a mess all over himself, in the back seat of the car. i was late. i didn't have a backup outfit. i said there has to be something reusable and spill proof. >> how does it work? >> so this, if you want to give that a squeeze. >> tactile, right? >> yeah. silicone, top rack dishwasher safe and freezer safe. >> you can make your own organic food? >> exactly. >> this is the one for the baby. >> this is the spill proof. if you give that a squeeze, you'll feel the resistance. >> they have to suck it out? >> yeah. >> a baby's natural reflex is to root. >> it's so much better because the other valves on the dispo disp

plastic. >> right. >> what was the process like to get it from, hey, this is a fantastic idea to, oh, yeah, it's actually for sale in stores. >> it took me 14 months through the prototype process and my mom's group and stroller strides group. 14 months of every day writing down what i needed to do to make sure it happened. >> but then you're still managing to be a mom at home, too? >> right. >> was that a huge juggle where to devote your time? >> yes. six years in it's okay. why not? my background was product development. i figured, why not go for this. >> what about raising the funds to get what you needed on the market? >> i'm still actively going after the funds. that's a daily process for me. >> was there a learning curve there in terms of how to ask for money and how to sell your product passionately so that investors believed that they could make money on it? >> definitely. so it's something i've been doing strongly for the past two years is going in front of

sales and our revenues. raising funds. i've had an sba loans. several lines of credit. but my product works and we have proof of concept. >> now you're in some big stores as well. what's the next step for you in terms of growing your company? >> well, yes, thank you. we've had some accolades. we are in some larger retailers. it sounds morrow man particular than it is. it takes money to make money. i'm looking for the right operational partner to help me scale accurately. >> what's your best advice for someone who has a brilliant idea and thinks they can make money? >> write down your idea, believe in yourself and go for it. yes, there can be a lot of it. dream big. shoot for the moon. do it for your kids. >> it's nice when you can bring an idea to fruition. thank you for setting a good example. >> thank you. up next, we are "on the money." college grads moving back home. maybe they

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more than 20 million young adults have moved back home with mom and dad. they even have a name, the boomer

and a recent survey found more than half of the parents whose kids returned feel more stressed, financial strain and they lose out on leisure time. it's not all bad. it can work. joining me is rosemary lictman author of "whose couch is it anyway"? rosemary, thank you for joining us. >> thank you for having me. >> when did this begin? >> it got a lot worse when the great recession started, and the main reason then was an economic one. student loans are about $1.4 trillion. normal students an average loan is about $30,000. so the student loans were an issue and low employment rates why certainly a problem. and under employment where kids weren't getting the kind of jobs that paid them the money they needed. >> so if that's the case and your child has experienced independence and self-reliance while they've been away from

once they returned to the nest? >> so one of the things that we've come up with is using the cc&r routine to help families talk to one another and how to get along. when you're living in a planned community or living in a condo cc&r stands for ways of living together. when we work with families they stand for communication for the first c and even cooperation or consensus or compromise as the second c and respect is the third part of it. so we like to have families set up family meetings ahead of time before the students actually end up moving back home so that the millennials have a chance to really present their positions and the parents have a chance to present their positions. >> this would allow kids to lay out what are you expected to do in terms of pitching in and helping at home, financially and with chores and things like that.

home, does that mean they're failing to thrive and find success as adults? >> well, not necessarily. it depends on the particular millennial and it depends on the family. sometimes nowadays there seems to be a lack of maturity in some of the millennials where they're getting older, they're becoming more adult later in life. 30 is becoming the new growing up time rather than in the 20s. so with the -- all the technology that keeps people connected, some of the times that's kept the millennials feeling a little more dependent. so it's really up to the parents if the kids do move back home. it's up to the parents to help them -- help guide them towards more independence and more maturity. >> rosemary, thank you so much for joining us. appreciate that. >> you're welcome. it was my pleasure. up next, "on the money," a look at the news for the week ahea

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here's the stories coming up that may have an impact on your money this week. on tuesday the white house releases its 2018 budget. wednesday the federal reserve open market committee releases

minutes from its may meeting. on thursday facebook ceo mark zuckerberg will speak to harvard's graduating class 12 years after he dropped out. and friday we'll get another reading of the first quarter gdp. remember when you had your first roommate, maybe you were in your 20s? well, the roommate business is booming again, just not for that particular age group. jane wells has more on what you might call golden girls 2.0. >> hello. >> 69-year-old mariam efraim m egan kanagal moved in. >> i live in the nonprofit sector. >> she needed someone to care for her pets or call 911 if she falls, which has happened. >> that's a very frightening thing when you can't get up and there's nobody there. >> it's great mostly. think of them as the new

girls. >> los angeles was used as the exterior for the golden girls, but that '80s hit show is more relevant. >> airbnb said seniors are the largest host demographic and silver net connect people 55 and older looking to share rooms. that's the site that brought these two together. >> i liked it. i think it's a good idea. >> silver nest charges homeowners $29.99 for about three months to find potential matches. they pay the same amount for a background check if requested. 70% of the homeowners on the site are women and 55% of the potential roommates are. >> turns out she and i are both originally from the midwest, we both like sci-fi movies. >> they've learned moving in together in their golden years is different than in their 20s. >> you live by yourself, you get set in your ways, you don't have to deal with other personalities or other issues.

really? >> megan has learned to deal with mariam's cats and mariam has learned to respect megan's privacy. >> i'm a cross between the wild child and bea arthur. >> oh, i'm bea arthur. can't you see that? >> and these days there are a lot of bea arthur's out there. >> i think i'm more like estelle gedde, sophia. their advice after you've spent years set in your ways, establish boundaries early and talk through disagreements because, contessa, there are going to be disagreements. don't put a pot over your roommate's head and hit it with a spoon. >> that's really great advice. we go into a match making situation speaking of dating. how are roommates matched up? how do they find a fit? >> it's a little bit like eharmony where silver nest goes through profiles and offers you te

renter. in this case mariam interviewed somebody else, a potential roommate, before she met megan. didn't quite work out. the two women thought, no, we won't be a good match. then she met megan, they're both from the midwest, work with under privileged, at-risk people and they both like sci-fi movies and thought, why not, let's give it a shot. >> that's the show for today. i'm contessa brewer. becky will be back next week. she'll have memorial day bargains. where to find the best deals, sales and discounts over the holiday weekend. each week keep it right here when you're "on the money." have a great one. we'll see you next weekend.

good morning, america. new overnight, dancing and diplomacy. president trump's saudi trip. meeting with the leaders of arab nations and signing deals. >> it was a tremendous day. tremendous investments into the united states. >> and set to deliver a high-stakes speech to the muslim world. how will it be received? our team coverage from saudi arabia this morning. new missile launch. north korea's latest test. fired from near the nation's capital. is the country speeding up its development of nuclear weapons? what we're learning this morning. nba player detained. oklahoma city thunder player enes kanter. finds his passport revokes overseas. the world leader she's blaming. >> he's a bad, bad man. he's a dictator. >> and the assist from the state