y2e46y y5yy hi, everyone. welcome to "on the money." i'm becky quick. stopping the summer learning slide. how more and more education occurs online, and why it really matters. the sharing economy comes to your car. the app that lets you turn over your keys for a few days to collect a check. football season kicks off, but there are big questions about protecting players from the pros to the peewees. a new helmet may have some answers. fashion forward. from the runway to instagram, social media is changing the way the business works, and one designer keeps it all in the family. "on the mone >> this is "on the money," your money, your life, your future. now becky quick. >> we begin with back to school. it doesn't always mean sitting

at the board. hitting the books today often includes opening a tablet or a laptop anywhere, as students and educators integrate more technology in education, thi c school is back in session, but increasingly, more learning is occurring on a screen. 5.8 million college students are taking online courses, and 28% of all u.s. higher education students are enrolled in at least one course on the internet. as the cost of a college degree keeps climbing, online options are bringing world class instruction within reach to millions. harvard, mit and other top universities off free online classes called massive open online courses. more than 35 million have enrolled over the past four years. but one of the broadest and most accessible online learning sites is entirely free, khan academy. in 2006, sal khan uploaded teaching videos he made to help his cousin with her math homework. other students found them on youtube and wanted

two years later he launched the nonprofit education website. today khan academy has had more than one billion video views and 56 million registered users worldwide studying subjects from calculus to chemistry in 36 joining us now is that education entrepreneur sal khan. he is the founder and ceo of the nonprofit khan academy. sal, it's great to see you today. >> great to be here. >> we are back to school. and as more schools start are khan academy courses being used? is it in the school with the teachers, or kids using this after school as help for their >> it's a little bit of all of the above there is over two million teachers that use us i some way in their classroom. but on top of that, we have over 10 million students who use us a lot of them are students in classrooms who use this free personal tutor there are lot of home schoolers who use and adult learners if they wan to go back to college or they' just curious about something. >> you know, i'm seeing this

start of the school year that we call the relearning period. everybody has to remember what they forgot over the summer. there significant y you can do reverse the slide? >> ideally keep them learning over the summer. as you get them back into school, use tools like khan academy to remediate all the gaps from last year, and then get up to speed for this year and even get a little bit ahead of the curve. >> is this a situation where you need to be a self-starter and a self-learner, somebody that is going to drive yourself with this in order to utilize this? or if i'm a parent who really wants to make sure my kid can do this, can i force it down their throat? >> the idea is obviously if a student is super hungry, if they're like that, the tools exist. we see letters from students racing ahead and doing things that amaze us. but i think i'm a parent of younger children. every now and then i think it's healthy to give them a healthy push. i tell my children just 20, 30 minutes a day. it's more about consistency and doing it

for two or three months, they themselves see the gains that they had, things that they thought were difficult, things that they thought they weren't good at all of the sudden seem a lot simpler. it's just like if you were to learn a musical instrument. same thing with math or science. >> for anybody who hasn't learned the story, it was how you started out as a math tutor, and you were helping your cousin i think it was, and it grew from there? >> yeah, my background was in tech and math, but i found myself working at a hedge fund. but while doing that, i was tutoring cousins. and then i started making videos and software for them. and eventually people who weren't my cousins were using it. and i set it up as a nonprofit, and here we are. e we are today. is math still the most popular subject? >> math is. but a lot of people perceive khan academy as math videos. i would 90% of what we are today is more about practice, personalized practice. and it's across subjects and grades. you go on khan academy for history, art

micks, all the way to the college level. >> which age group is the biggest growth and which is the biggest users? >> the biggest growth is in that high school, early college area. students learning math. it might be trigonometry, physics, chemistry, world history, american history. we have a lot of users there. that's growing the fastest. at least in english. we also have a lot of international growth on top of that. >> will there ever be a khan academy diploma where you can prove you've gotten these skills, maybe get a certificate that would work eventually for employers? >> that's the hope and the goal. our mission statement as a nonprofit is free world class education for anyone, anywhere. education is really two things. it's a way for you to learn the materials so you can be ready for the world, but then also a way to prove to the world that you're ready. and we're already working with a lot of really great organizations that are starting to touch on that. we work with the college board on the s.a.t. and on the a.p. but i would love, and i hope this exists in the

years or so a way that if you live in a slum in calcutta, that you can self-educate yourself using khan academy on a smartphone and somehow prove what you know to the world so you can go do college or get a job. >> sal, i want to thank you again. i'm inspired every time i get the chance to talk to you. i really appreciate your time today. >> thank you. now sheer look at what is making news as we head into a new week "on the money." stocks had the worst day on n three weeks on tuesday, the dow foul faulling more than 230 points on worries about korea and concerns about hurricane irma. but stocks round after president trump and democratic leaders reached an agreement to extend the debt ceiling. the nasdaq and the s&p 500 following suit. the markets were mixed later in the week. mortgage rates hit a new low for the year. the 30-year fixed rate fell to about 3.8% for the week. according to mortgage finance company freddie mac. rates on a 15-year fell to 3.08%. mortgages are based in part on the

also on demand for mortgages. amazon is doing some shopping of its own. the online giant is looking for a location for its second headquarters. the new venue would probably create tens of thousands new jobs both in construction and for full-time employees and would cost amazon in the vicinity of $5 million. if an 18-wheeler isn't hauling a full load, truckers are losing money. now the same ride sharing technology that drives uber is helping connect truckers with available space to companies with smaller loads of freight to move. morgan >> william lugo has been hauling freight with his own semi for 24 years. six months ago he started using an app on his smartphone to find shipments in need of a truck. >> before everything was more manually as far as paperwork. a lot of downtime. now technology makes it a lot easier between loading, unloading. >> reporter: call it the uberization of trucking. a technological shift t

decades in the making that is shaking up the $700 billion trucking industry. user friendly apps running on the cloud powered by algorithms that connect a ship were available shippers at market competitive rate. take this big rig we're riding in right now. the load is transporting was brokered using convoy. the app connected lugo with anheuser-busch who needed to move 2,000 cases of bud wiser from the newark brewery to a distribution center in the bronx. the beer maker says this new technology is making its supply chain more efficient. >> we can understand where we're delaying drivers at pickup, or we can see the truck as it evolves and delivers along a map, along its route through the delivery. >> reporter: the move toward automation represents a big change in how truck loads are brokered. a business that has always relied on people, relationships, the phone, even fax machines to match freight to trucks. and convoy isn't alone. uber launched a service earlier this year. amazon is exploring the space, and other

loadsmart and transfix. the innovation means more transparency for shippers. and for drivers like w. >> i'm seeing a lot more production with the company and it's great for my business. >> reporter: for "on the money," i'm morgan brennan in newark, new jersey. up next for "on the money," football has returned. but this year a new type of equipment could challenge decades of wisdom on how to protect players on the field. and later, think airbnb, but for your car. would you give your car keys to a stranger for some cash? sucker! or maybe not. we'll talk about that. but right now take a look at how the stoc

it's new football se

under way. but growing concern about concussions and safety continues this year, a seattle-based startup called vicis has created a new type of helmet for players. dave marver of vicis is the ceo and the co-founder. thanks for being here, dave. >> good to be here, becky. >> all right. i want to know what is different about this helmet. but as soon as i picked it up, i thought wow, this is really heavy. tell us how this is different, how it protects heads. >> it definitely feels heavier if you're used to a bike helmet or ski helmet. but for a football helmet, it's normal. >> okay. >> it's different in that it has been completely redesigned. today's helmets have a hard outer shell and a little bit of padding. this one yields like a car bumper when impacted. >> extra padding and more flexible structure. >> that's right. it's a little bit like an old car versus a new car. the old cars from the '50s and '60s were made of a rigid chassis and didn't yield in a collision. but new cars do. same thing with the helmet. >> the idea

great news. but what people told me in the past is you can't necessarily create a helmet that will protect you from every head injury because your brain still rattles around in your skull. what does this cut down on? >> absolutely we're not claiming it with prevent concussions. however, it is the best helmet ever tested at reducing the severity of head impacts. >> your skull takes less of it? >> that's right. it finished number one, in fact, on the nfl, nfl annual performance testing this year. >> wow. this has just been used in an nfl game that just passed. >> right, the season opener, the chiefs against the patriots. about a dozen of the kansas city chiefs were wearing the 01. >> what has the reaction been not only from that game, but from where you tested it with football players? what have they said? >> players say two things. first of all, they say it feels different in a collision. so they're not feeling the severity of the impact as much. they're not having whiteout moments. they're not seeing stars, which is good. the second thing, they ry appreciate the wider field of view. and that'

performance feature. like russell wilson, for example, is in the helmet for the seahawks. he likes it. he can see the whole field in the helmet. >> you seet coming before you get hit. >> less likely to be blindsided. that's right. a helmet alone isn't going to take care of everything. it has to be accompanied by better tackling techniques and coaching. we're hoping this is going to make a big difference. >> the nfl teams, how many are going to be using this? >> about half the nfl teams have purchased this helmet already. and 70 nfl players are using it out of the gate. so we've got terrific for the first year. >> i know that this is a more expensive helmet. it costs something like $1500 versus the $400 that a standard helmet might cost. that correct? >> it does. and this helmet was designed for nfl and major college players. our engineering team is working hard on additional helmets for high school and youth players that are less expensive. also optimized for those players, being lighter and smaller. >> how soon would we expect to see something like that? >> over the next 24 monthsle you'll see us

hockey and girls soccer. well want to protect all the guy boys and girls playing sports. >> why just girls hockey? >> girls soccer has higher concussion rates than boys. >> really? >> we want to start there. well want to start with the most difficult problems and work our way down. >> dave, thank you so much for being here today. >> my pleasure. thank you, becky. >> really appreciate it. up next, we are "on the money." using your car to earn cash. the new app that is getting a lot of attention from really big companies. and later, their experience is coveted. their leadership is instinctive. their experience is coveted. their leadership is inct they're experts in things you researchers of technologies that one day some call them the best of the. some call them veterans. we call them our team.

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from around $529 a month. it's a sort of airbnb for cars, and it lets you rent out your car whenever you're not using it. a company called turo is behind it. and the business is growing so fast, that automakers from gm's daimler-be are taking notice. phil lebeau has more. >> reporter: when brian rose bought his tesla rs two years ago, he took out a loan with a monthly payment of $200. he has cut that cost by renting out his tesla a few days each month to total strangers. >> i've been renting out. i've had about 60 trips over the last two years. and it's basically helped pay off all of the payments, deappreciation on it. so it's as if i got to drive it for free up until now. >> reporter: rose rents out his tesla through turo, a car feature company that features more than 160,000 vehicles on

everything from a high-end bmw to a more basic toyota corolla. all being rented out by their owners who are known as hosts. >> i think a lot of our hosts have realized that for practically no cost, they can actually afford to own a nice car and make that ownership experience much more pleasant for th >> reporter: german automaker daimler-benz is investing in turo, which now has over four million members. the growth in car sharing has also caught the attention of general motors, which started maven and is expanding to cities around the u.s. what started almost 20 years ago with zipcar offering hourly rentals has grown in popularity, partially because of the rising cost and hassle of owning a vehicle has convinced many they're better off renting for a day or two whenever they need a car or truck, which is good news for brian rogues, who says he has made about $25,000 renting out his

>> i do about $200 a day. right now if i get a few rentals during the weekends of the month, then i might take in about half my monthly payment. but there were some months if i got a longer rental, like a week or two, or in some cases where a lot of two or three-day rentals during the month like weeks where i sometimes got like double what my >> reporter: what about auto insurance for turo customers? well, like rental car company, turo offers it to cover any damage total strangers might do while they're driving your car. phil lebeau, "on the money >> brave new world. peer to peer car sharing is growing, but some think it's really going to take off through the next two decades when autonomous driving vehicles will make it easier for owners to rent out their car. i guess you can send the car over to pick up themselves. we'll see. up next on "on the money," a look at the week ahead. and fashion week descending on new york right now. what does the strug

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here are the stories coming up that may impact your money this week. on monday, we will pause and remember those who lost their lives in the 9/11 terror attacks, which was 16 year on tuesday, the department of labor releases the jolts report that tracks job openings. also on tuesday, apple is expected to announce the launch

on tuesday the price index which month stores inflation for august. friday sales for august are also out. if you want to feel old, listen to this. it's google.com day marking 20 years and trillions of searches since the website domain was first registered. we are in the midst of new york's fashion week. the tradition of designers showcasing their new collections has been around since the 1940, and it continues to live on, even as the business of fashion is going high-tech. joining us right now to talk about fashion's changes are designer rebecca minkoff and her brother uri, who is the co-founder of their company and welcome to both of you. great to see you. >> thank you. >> fashion week is here. it's descended on new york. it's definitely changed over the years. rebecca, how has it changed during that time, and how do you think it's still relevant? >> you know, it used to be open to a very small closed circle of editors and buyers. and we've seen a huge dramatic shift. we decided to open up our show to the consumer actually a y

because with social media, she was seeing it anyways. so why not make her be a part of it and also allow her to shop in realtime and give her what she wants when she wants it. >> that has been huge, the idea of see it now, buy it now. you're pioneering that how is it working? and are other brands going to copy this? >> it's been fantastic for us. i mean we get to basically allow the consumer to be part of the process, it's a celebration, the kickoff of the season. she doesn't have to wait six months and see the different bloggers and celebrities carrying the products. and we see other brands. tommy hilfiger and rauf lauren and burberry are following this model now. >> you think it's a sales booster too? >> huge. we see huge spikes in sales. everyone is back to school, back to work. you're starting to think about your fall wardrobe. boom we hit you with a big event and allow you to showcase and see what's available for fall right now. >> is it hard to design for that, knowing that the demand is going to be there instantaneously? >> the brilliant part t

calendar is still what it was. the buying calendar for our buyers is still what it was. and for our editors, it still is what it was. >> you are in charge of everything that is happening digitally. >> yes. >> when you start looking around at how you showcase your brand, what is more important? is it instagram? is it snap? how do you do it? how do you stay in touch with your consumers? >> each has a different purpose. we use twitter for news updates. pinterest for a mood board. but instagram has become front and center. and now with the buy button and with the stories and with live video, we're really able to give the customer different views into rebecca's world. rebecca is kind of our ambassador front and center. so it's kind of like her editorial world, her digital world, her family world. and each one of them has a different flavor, and we're able to use social to drive tha and engage that audience. >> we have watched brick and mortar suffer mightily. it's having a much tougher time. but you guys have done a very interesting thing about bringing so much technology into the store. do you think that's what saves the brick and mortar store eventually? >> yeah, i think it

about experience. so for some people it might be an art installation. for others, it might be the way you boost the senses in some way. and for us, we basically said there are so many efficiencies in ecommerce, how do we bring the digital efficiencies into the store. >> sure, so it feels like rebecca is always there, or the lighting of the end use is approximated in the store. or you get recommendations that are pertinent to what you brought in. or you can self-checkout if you want. all these things we think will boost the shopping experience in the future. >> and i think on the experience side, we want to make our stores a hub for community. we host fireside chats. we host art openings. we host female entrepreneurs who want to launch something, and that's all done within our store. >> and what we've done also is we host these great events in the stock, and then they go out through digital, through social. and all of the sudden the ecommerce starting driving as well. it's almost like the mini event becomes a macro moment. >> rebecca, how do you design for millennials? are they different? >> you know what? i am a millennial. on the one hand, i'm

but i do really want to listen to my customers. i'm designing for a woman who wants to lead a more fearless life. so my aesthetic is a little bit bohemian, a little bit rock 'n roll. but i really want a woman to put that jacket on and say okay, i'm asking for the raise today. or put that bag on and say today is the day i. >> embolden them. >> embolden them, exactly. a little bohemian, a little rock 'n roll. >> thank you so much for being here. we really appreciate it. >> thank you. . that is the show for today. i'm becky quick. thank you so much for joining us. next week with news of data breaches, an atm alert as well. a new device that thieves are using to steal from your card. we'll tell you how to keep your data and your cash safe. each week you can keep it right here. we're "on the money." .ave a great one, and we

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est stains and odors. hey, buddy! hey. woo! somebody ran laps. yup the new tide sport collection. it's got to be tide. good morning, america. breaking this morning. direct hit. hurricane irma slamming into florida. leaving hundreds of thousands without power. the monster storm battering the keys with 130-mile-per-hour winds. and life-threatening storm surge, up to 15 feet. over 20 inches of rain expected in some areas. >> as new warnings come out about the potentially catastrophic category 4 hurricane. >> this is a storm of absolutely historic destruct ifrive potential. >> people flee to higher ground. >> i was really scared.