hi, everyone. welcome to "on the money." i'm becky quick. his job is to fund research. that job became personally after a doctor's diagnosis. what on earth is a pod? we mean really close. don't look now but the eclipse is coming and that means someone is making money. beyond back to school, bargains that aren't just school supplies. forget about putting fido in a concrete kennel when you go on vacation. "on the money" starts right now. >> announcer: this is "on the money." your money, your life, your future. now, becky quick. >> we begin

courage. wall street investor jonathan silverstein had life-changing news that set him on a new course. >> reporter: making smart bets on potential new medicine is how this venture capitalist built a 20-year career. the stakes got a lot more personal. >> it wasn't until i saw a specialist when i noticed i had a slight tremor in my left leg that he was able to put it all together and say these are all symptoms of parkinson's disease. >> diagnosed at age 49, he discovered he has a genetic form of parkinson's disease. there are no drugs approved to cure it or even slow its course. so jonathan and his wife natalie decided to take action. >> given the fact that jonathan works in this space, we are uniquely positione t

potentially make a difference. >> reporter: they founded the silverstein foundation with $10 million of their own money. >> i sent out a thousand letters to venture capitalists, ceos, to hospitals, research labs. they came back with literally dozens of ideas. >> reporter: he's been traveling the world, meeting with researchers and donating blood, tissue ee stem cells. >> i had a letter from a guy named mike in ohio. he sent me $18 and said i've got parkinson's with gba. let's get it done. >> right. >> and that is as good as motivation as anything. >> reporter: silverstein knows first happened how difficult drug development is but also helps fuel advancement of successful medicines before. >> i've seen miracles happen. and now i've got to create another miracle. >> reporter: and already jonathan has made strides raising an additional $6 million and founding a company and in the

development, he's moving at lightning speed. >> meg, thank you so much. and now we're joined by natalie and jonathan silverstein. thank you guys for both being here. >> thank you. appreciate it. >> you found out about this diagnosis about six months ago? >> that's right. >> was it a complete surprise and what did you do first? >> yeah. we have no family members that have parkinson's so it was a complete surprise. we set up a nonfor profit foundation and got a website and put together an advisory board of some of the world experts of drug discovery in parkinson's disease and reached out to about a thousand different institutions and individuals that we thought could be helpful. and then we started reviewing all those opportunities and we really bucketed those into about nine different areas. gene therapy,

cell therapy and the first company that we launched, prevailed therapeutics, is focused on biologics. >> a lot of people have thrown money at this trying to find things and many of those people have been disappointed. what is different about this? >> we've learned a lot from some of the mistakes of the past. we understand more about the disease than we ever have, particularly parkinson's with gba. it's a genetic disease. i think we haven't taken some of the approaches that we've taken now, so there's never been a gene therapy approach going after gba. there's never been stem cell therapy going after gba. and we think these are really smart ideas and the targets are addressable. >> natalie, just when you first heard about this and what you've done since then, what's the response you've gotten from the community, from starting the foundation? >> well, obviously when you tell

family and friends that this is happening, we're a young family and part of a large community, the response has been sort of overwhelming. but what's incredible is you put yourself out there with something like this and people that you don't know come out of the woodwork. there have been people reaching out offering ideas, offering support. so i think what's really great and what i try and tell my kids is when you help other people, you help yourself. so we're doing this not just to find a cure for jonathan but hopefully for everyone with parkinson's and maybe a different form of parkinson's. some of the work that they are doing may be applicable to other forms. so it's exciting. it's motivating in the morning to get up and know that you have something positive to work on. >> jonathan, you mentioned that there are so many different types of parkinson's for people not familiar with it. what are the causes? what are the types and how are you kind of attached? >> to sort of oversimplify things, there are genetic

which is about 5% of the population, and there is a lot of research going on and it's about 6% of the population in the r2. the rest of it is sporadic parkinson's. we don't fully appreciate why people get those diseases. it could be from -- for example, a lot of farmers get it that have exposures to insecticides. the most clear thing that we know about this disease now is in the genetic forms because you can appreciate the targets a little better than you can in the more sporadic forms. >> you have said you've created miracles before. you've found miracles before. meg mentioned you're working at lightning speed. what's the issue here? what is the best-case scenario for how quickly something could get resolved for this? >> i think the best-case scenario for us is what we're going to try to do is create four biotech companies over a four-year period. my hope is to get t

clinical trials next year. if those are successful, we'll be able to open them up to larger clinical studies. >> that sounds like a long process for those of you going through this but that's incredibly quick for getting fda approval and the human trials. >> you make a lot of friends in the venture capital business and they have been willing to help in many different ways, giving their time, their money, their resources, introductions to other people. so with the support of so many different people from the industry, the light has been shone on this field. >> and that's what we are hoping for everyone, too. i want to thank you both for sharing your story with us today. >> thank you. >> it's just wonderful to see affirmative action, seeing how something can come about. we really appreciate both of your time. >> thank you for having us. >> appreciate it. for more information on parkinson's disease and if you want to go to the

silversteinfoundation.org. our thanks again to jonathan and natalie. now here's a look at what is making news "on the money." open market committee in july reports were released this week. it showed that the janet yellen-led fed will not raise rates anytime soon. the fed held rates steady at the last meeting which are still very low by historical measures. all of that set markets higher on wednesday but the dow fell by more than 275 points for the second worst day of the year on thursday after the terrorist attack in barcelona. the nasdaq and s&p 500 fell on that news as well. stocks continued down on friday. americans were busy shopping last month. retail sales climbed 0.6% in july. that was the biggest increase in seven months. consumers bought cars, construction materials and shopped online. retail sales are always closely watched because

up more than two-thirds of the u.s. economy. up next, we are "on the money." countdown to the eclipse. who is counting down to the big spectacle in the sky. and later, if aging parents need live nearby, maybe a granny pod is the answer. their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of - researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team.

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for two years, all with a two-year agreement. and switching has never been easier. get out of your contract with up to a $500 credit to help cover your early termination fee. go to fiosgigabit.com ♪ on monday, part of the united states will fall into the path of the total solar eclipse. the sky will darken from oregon to south carolina along a stretch of land 70 miles wide known as the path of totality. it sounds like something out of "game of

really going to happen. the moon will cover the sun moving at 1500 miles an hour. it will be seen as a partial eclipse out of the prime viewing area. if you missed it, look out, you can mark your calendar for april 2024. that's the next one that takes place over the united states. millions of people are traveling great distances to get a front row seat to this one and that has many businesses over the moon. get it? eric has more on all of this. eric, this is something that if you want to get there, a lot of people are going to have to get there using airlines. are the airlines making money on this? >> 400% increases in bookings to a lot of those locations along that path and a 400% increase in those prices. >> oh. >> soi it's a lot of demand getting there but it's not just airlines. it's trains sold out in one day and avis rent-a-car mentioned in their earnings that the eclipse is going to be a big driver of earnings. so all of this transportation, they are all seeing big biz.

of these areas along the path of totality, you probably need somewhere to stay. what does this mean for hotels? >> they are basically all out of rooms, like hilton and marriott. if you want a room, it's going to be very expensive. air airbnb, a lot of people have sold out their spaces for a lot of money. hit camp.com. there are places where someone can rent out their farmland or backyard. so if you want to stay with a bu of horses in the middle of nowhere, it's about $400. that's a real place along the path in the middle of nowhere. >> that's cool. >> that's 400 bucks. >> you mentioned that the airline prices were about 400% higher. hotel prices are up. is there other gouging taking place? >> you see it in these major situations like airlines and hotels but there's other situations where people are staying at local motels. yourress ser nation will get canceled. they say it's a computer it

>> okay. so it's not just the local businesses making money too? >> national brands are out there. the biggest seller on amazon, everywhere else, anywhere you want to go, it's these glasses. so this is what you need. you can't look. that's for you. i brought mine. >> this is what you need to look at in the sun because you don't want to look at it with your eyes and you don't want to do it with just your regular sunglasses. >> i can't see anything. >> if i look straight at the lights i can see a little. >> you might see a tiny dot. >> are you going to be able to actually see the eclipse? >> if you put an iphone flashlight next to it, you will see a tiny dot. >> have you looked at it yet? >> i haven't yet. >> it's raining today. >> there's a lot of stacks, all of the safety information in the best places to watch if you're not necessarily in the path of totality. >> i'm keeping these. >> you should keep them. use them on monday. >> i will. thank

appreciate it. folks, baby boomers may remember the last eclipse back in 1979 and as those aging boomer parents require more care, living alone is no longer an option. instead of going to a retirement facility, some families are putting what is called a granny pod, a little teeny house, right in their backyard. jane wells explains. >> we have a living room, dining room with large windows for light. >> reporter: 67-year-old jane baldwin is on the move making a big change. how's your health? >> it's perfect now that i've gotten my second hip replaced. >> reporter: baldwin raised a family in wyoming but now her son is raising his own family in oakland, california. and she wants to be close to help but not too close. >> that wouldn't work long term, living with my son. under the same roof. >> reporter: instead, she built a tiny 400 square-foot house in her son's backyard nicknamed a

granny pod. the census bureau predicts one in five americans will be over the age of 65 by the year 2030 and most of them will eventually need some sort of assisted care. there isn't enough assisted living to meet demands. >> have you figured out where everything is going to go? >> not at all. >> reporter: architects have discovered a new niche business, granny pods. in many cases, they have to be temporary structures. this is a permanent one. and because they're so expensive and it's only temporary, it may not be the place for everyone. >> it's much healthier to age at home but it can be very expensive. granny pods can cost anywhere from 100,000 to $250,000. so you've got to weigh longevity in there with it. >> reporter: carolyn also says it may not be right for a parent with dementia who needs more intensive care. these structures may raise your property taxes. and then

in baldwin's case, her structure is under 500 square feet so didn't need neighbor approval. >> i look forward to living smaller. i think all of us, but myself in particular, have too much stuff in our lives. >> reporter: for "on the money," jane wells, oakland, california. >> before you put one in your backyard, check your local zoning law. some mu nas pews pa-- must nicn are banning them. and later, if your pet is peeved what powers the digital world. communication. that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans.

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back to school means back to school bargains but you don't need kids to cash in on the sales this time of year. it's time to start thinking outside the backpack. joining us is adam from "money" magazine. thanks for being here. >> thanks for having me. >> i just went out this past week and was grabbing school supplies all over the place but it's not just the sales. >> sure. i think the basic idea is that everyone needs laptops and backpacks, not just students, right? so there are a couple reasons why now is a good time for deals. one is that thi

year when states do tax holidays so you can save a few dollars that way and if you're not sure when, google it. stores that cater to students also cater to families. so they will offer store wide deals. >> not a bad idea. think back to school even if you're out of school. >> exactly. >> what are some of the things you should be considering if you're thinking about buying? >> well, think about things like mini fridges and microwaves. >> dorm stuff. >> college freshmen. and another area is cleaning supplies. a lot of teachers have to buy their own cleaning supplies. >> we have that on our list this year. >> so we found -- our editors found things like a vacuum at walmart that's 20% off. >> i didn't have that on my list. what should i hold off on buying? >> as the editor of "money," don't buy anything you don't need just because it's on sale. dila

really cheap tv, you're often better waiting for black friday in november. otherwise, do your comparison shopping and find the good deals. >> in terms of comparison shopping, what are some of the resources if i'm looking for where the best sales prices are? >> sure. we point to deal news, "money" writes about deals all the time and the dealers that you like, like amazon and best buy. >> adam, thank you so much. great to see you. >> of course. thank you. up next "on the money," a look at the news for the week ahead. and don't leave fluffy or behind when you travel. we have a new way to pamper your pet. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago.

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here are the stories coming up that may impact your money this week. on monday, don't forget about the total solar eclipse that we've been talking about. tuesday is almost as exciting. the nonmanufacturing index that measures regional business activities in the services sector. on wednesday, home sales for july. on thursday, the home purchasing index. that looks at the nation's manufacturing sector and existing home sales for july. then on friday, make sure you get outside and celebrate 101 years of the national park service. we treat our pets like family but when we go on vacation, sometimes we have to leave those family

kate rogers reports, there's a new alternative, all part of the growing pet care industry. >> reporter: for many people, summer means it's time to kick back and relax on vacation and for some very pampered pets, it can be the opportunity to do the same in the dog days of summer. dogs are given the royal treatment here and my own oliver had to put the experience to the test. k canine guests are taken to the hotel and there are special meals for the pets and there's a gym to work off the treats. >> we are booked almost every weekend because there's always that client who wants to make sure that their dog gets the very best they could ask for. summertime is crazy busy for us. >> reporter: and at this place, cats are also vacationing in style. they off

accommodations, including condos and kitty swoouites. they can have personal cuddle time and game time on the ipad. >> people now are trading their cats more like children so they are seeking out more interactive customized experience for their pets as opposed to leaving them at home. >> reporter: hotels see a spike of 25% in the spring and 10% in the winter months. there are $6 billion in roaming and boarding for pampered pets like these here in 2017. $70 billion in total. back to you. >> kate, what did your dog think about it and could you get ollie

this? >> reporter: listen, ollie thought this was pretty swank. he usually stays at my parents' house. he doesn't get any private chefs or a ride to and from the place. so he thought this was a lot. he did not like working out on the treadmill, though. that was extreme for him. he had a good time but i'm not sure if we'll be back. >> i understand ollie's concerns. never fun on the treadmill. kate, thank you so much. >> he had fun, though. thank you. folks, that is the show for today. i'm becky quick. thank you for joining us. next week, the way we watch television keeps changing from cable and satellite to new apps. we'll sort out all of the options. this we

good morning, america. new overnight, beating back hate. protests across the country from dallas -- to atlanta. >> love will conquer hate. >> and to boston. and this massive show of support. with tensions flaring. the message? hate has no place to hide. looking ahead, president trump's planned political rally. what he hopes to accomplish. and will he hand out a presidential pardon to this controversial figure? as the freshly ousted chief strategist, steve bannon, weighs in on the problems he's leaving behind. and terror manhunt. the search for the man behind the wheel of the deadly truck