broken into, we see the damage that can follow. is technology getting ahead of us and away from us? andrew mcafee is an m.i.t. professor, and coauthor of "the rise of the machine age" also here is martin ford. i wonder what you think about it, andrew? it is not something i used to worry about and it is something i worry about now. am i right to worry? >> you're right to worry, but let's not get carried away. complex interdependent systems fail. they always have, they will continue to do that. luckily we're getting better at building these things so they fail less often. >> failures are one thing, but another thing is allowing hackers to get into things they would not have had access to in the past. what are you worried about?

fail juries or hacking? >> the under lying cause of them is really the same thing. it means more potentially failures that cannot be anticipated and it means more avenues for hacking. i think this is inevitable. our systems will be more and more complex. we're going to make the systems smarter, more capable, and they can diagnose and protect themselves. that will be the only viable solution to this issue. >> andrew, that certainly sounds like the right thing, teaching them to be smarter and smarter. we heard from people like bill gates and steven hawking and people who say they worry about artificial intelligence. >> the best analogy i heard is from an a.i. researcher.

they said it is like worried about overpopulation on mars. we have a lot of time before it is a realistic threat. given the challenges we have today, before we worry about the terminator or the matrix scenario. >> bill gates himself said this is a problem that could come up on the next ten to 100 years. ten years doesn't sound like all of that long to me? >> think about the challenges we'll have to deal with in that time frame. we have global warming. stagnation of the middle class and the economic hard times. again, killer robots are so far down on had my list. it doesn't keep me up at night. >> i will give you it's not the killer robots that i'm not necessarily worried about, but if you look at cars being taken over, we used to be able to fix

our own cars, and now i don't think we can fix anything because they have to plug it into a machine to diagnose it. it leaves us open to people who want to do special things. take control of windshield wipers, music system, or brakes, that is bad news. >> that is different from saying all of us will be compromised because of this complexity. my financial assets, like a lot of americans, my financial assets are online. i do a lot of banking online. i don't think that i'm going to > bake up one day and have all of those gone preponderate other thing we need to keep in mind second-degree that threat with the demos by people trying to call attention to it to fix the problem, not to crash cars or take control of the transportation system. relief from me comes from the fact that a lot of the smartest hackers are wearing white hats on the side of the good guys. >> let's focus on that. what's the good? what's the promise and the hope

that you have for what we'll be able to do because we have gotten so much smarter with technology? >> it is tremendously promising. we're going to live in a world where everything is connected. efficiency will increase dramatically. our gadgets all talk to each other. there is huge potential for saving energy and making things run more efficiently and more safely. so there is a testify rrific amount of potential and we should not let the concerns about secure and all of that stop that from happening. i think it is a real issue and it is something that we'll have to confront and come up with, you know, technical and perhaps regulatory solutions to it. >> martin, andrew, thank you for your time today. >> thank you very much. >> now here is a look at what is making the news. america's economy created july.

that is about in line with economist expectations. numbers for previous months were revised higher. this data could give the federal reserve a tine that the economy is strong enough to raise rates at the next meeting that comes in september. that news sent stocks down on friday after a low during the week. the markets closed lower on friday. auto sales were on a role last month. toyota was up by half a per sect and crystler about 6%. if you think your office is cold, you may be right. a new study shows that office temperatures are generally set by men. mem usually is a higher metabolic rate than women that causes them be warmer. researches say the ideal temperature is about five

degrees warmer than it is for men. and later, whether you're ready to retire in a few months or a few years, what you should avoid. take a look at how the stock market ended the week. will you be there when the sky puts on a show. with a plan or without.

be that there to taste the cheese and buys.

14 years ago, charles best was spending his own money to buy supplies for the students needed. he launched a website where teach er teacher ask for things the classroom needs. it is kind of phenomenal, you lawned in 2000, and $340 million has come in, are you surprised

by the amount of money that came in. >> totally, my students and i just want add way for teachers like myself and colleagues to be able to tell the world about books, art supplies, and field trips. people can support a classroom and see exactly where their dollars went. >> have the needs changed in the time you have been doing this? is it still about the books and supplies that you can't get your hands on. >> about half of the sites request really basic materials. maybe pencils and paper, others are like art supplies. then the other half are field trips, butterfly cocoons. we have seen more requests for basic materials since the recession in the post any community. >> we still see a lot of

classrooms that do not have basic material. expressed by the teachers whose projects are posted on our website. >> donors choose, do you think finding has gotten worse over that period of time recession aside. are we not allocating enough money? >> we see a lot of public schools where clearly whether the dollars are unsufficient or not reaching the classroom, there are students who go to school and don't have what they need to develop. they don't have all of the art supplies they need to love art. >> is it 10% of classrooms? 20%? >> teachers at 63% of the classrooms in america have requested materials. it shows that whether it is a

teacher who is a fundamental classroom need or simply an idea for making their classroom a more exciting place, the majority of public schools that have need. >> you have 15 years of data on how this is done. is there a different way to allocate the money? >> we think what policy makers and budgeters could do better is listen to their teachers. they know best. and people can see what resources are most needed in cities, districts, what topics are trending on teacher's minds and basically people will listen to classroom teachers. >> steven colbert is on your board and i know he made a huge donation of like $800,000 to fund all of the projects in south carolina. >> yes, it was shot and awe. all of the south carolina teachers saw all of their dreams fulfilled.

>> has it caused more people to donate? >> yeah, 30% year over year, and that's not just because of citizen philanthropists, but cities are seeing it as a way tone gauge their commercials. >> thank you, charles, for joining us. i'm blown away by what you have done. >> thank you, becky, so much. up next "on the money" how prepared are you for life after work. how to avoid common mistakes that could cost you a relaxing retirement.

and what students from if you're thinking retirement, concerns about access to good health care are usually at the top of your list. minnesota is ranked the top state for quality of health care.

that is where we find our senior personal correspondent for finance, sharon epperson. she has four things you want to avoid. >> there are a lot of things you need to watch, but mistakes about health care top your list, why is that such an important factor? >> a lot of people don't think about how much money outside of medicare, and you may have some of your coverage out of medicare, but there are costs you don't consider that you may have to occur. the average couple today will need to have about $220,000 in savings to cover their health care costs in retirement. that's a lot of money. you want to make sure you start thinking early about how to save for your retirement health care needs and one way to do it is open a health savings count. you to have a high deductible health plan to do this. a lot of small business owners

do this and companies are offering this option. it allows you to put money away to pay for health care needs today, but if you don't have that many or as many expenses as you're able to save, you can take the saving the and invest it everything the long term for retirement. >> that is more money than i would have anticipated. is there a rule of them for exhibiting to your retirement plan? what are some that you should avoid at all cost. >> if a company w l give you a matching contribution, that is free money that you absolutely do not want to leave on the table. also you really need to try to maximize that contribution. put in the money that you're able to up to the limit for that year. >> social security is also a huge consideration for people. i know plenty of people who have had it debate. should i take it at ve, should i

wait to 70, when is the right time to start collecting? >> your monthly security benefit will be reduced if you take it early by as much as 25% to 30%. your full retirement age is likely 66 or 67 years old. if you wait longer and take the bent benefit at 70 years, you could get some 8% more. >> these are all mistakes, obviously, but are there some that are orse than others? the worst sin you could be doing? >> all of these will set you back, but the one that will really, really hold you back is no plan at all. the thing that stops peopl from doing it is they find it so overwhelming. i am paying my bills, i don't have much to sa , and they don't have a strategy. start small, start with $25 a week. create a plan and a strategy that will help you reach the

type of financial security that you want later in life and be le to retire. >> sharon, thank you, gre to see you. >> up next on "on the money" a look at the news for the week had. and some investors are helping students learn about start up success the american way.

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for more on our show and guests, you can go to our website. you can follow us on twitter twitter @onthemoney. mayor retailers macy's, kohl's, and in order nordstroms are all releasing numbers. wednesday marks the 34th anniversary of the ibm personal computer. and social security turns 80 on friday. in the first year of americans receiving payments it was 222,000. now the number is 59 million. >> it's not a traditional summer vacation. turning in the beach and

sunscreen for high speed learning. that's what some students from cuba is doing who is backing their lvssons in american entrepreneurship. >> they are taking it all in starting with the high speed internet. take a look. >> for these cuban students, the answer is no. but as the u.s. resumed diplomatic relations, a program is bringing four cuban interns no new york city for the summer leaam about entrepreneurship th ie american way. the students are,sharo 3ng science, technology, engineering, and math start ups at the grand tech accelerator. >> our vision is to have these four kids learn about innovation here and return to clba to solve problems in cuba for cuban people.

and to serve as the core for an incubator in havana where other like minded innovators already inf toun with these four can gather, get access, get me oring, and learn. all of those same problems -- >> they seem to be thanks in mart to john coffield who g'r the state department and the cuban government on bo rd. >> americans have the ability to launch the start ups with little more than a wifi connection. among them broadband kengss and mentorship opportunities. >> one start up at grand central tech providing mentorsh . the company takes food data and personalizes it for consumers. >> i personally -- with internships when i was younger. i felt very happy to be able to get somebodytelse

>> for some interns who are studies health communications, it is something to marvel out. >> you have all of the equipment here. and we don't have that in havana. i wthld love to see it all and learn and try to make it faster in hava'a. others hope the experience will prepare her to one day one a business of her own. >> we could all maybe get a chance to start a new company. ready. >> the students hope to take what they learned here and create a similar program that sponso entrepreneurship in ba. >>lfnd will the program here continue? >> yes, the i estor that started this all hopes to continue to bring students here, they have to commit to go back

to' havana, and they have to get them developing. >> it's the beginning seeds. >> when i got to grand central tech, what do you think they were doing? they were at youtube. even with the higt sped enter, that's what teenagers what to do. that's the show for today, i'm becky quick. thank you for joining me. next week, why your next omelet could cost you more. f the worries about bird flu could nexti "today in new york," no end to the drama swirling around donald trump's presidential campaign. the latest fallout from the most recent controversial comments. hundreds of thousands of people convergyng on midtown for

one of the largest and most colorful parades. >> will it rain on the parade we have the answer. i'm gus rosendale. i'm kerry barrett. your sunday edition is next. kellogg's frosted mini-wheats ... ...8 layers of wheat... ...and one that's sweet. to satisfy the adult.... ...and kid - in all of us. nutritious wheat for the adult you've grown into. and delicious sweet for the kid you'll never outgrow... feed your inner kidult... ...with frosted mini-wheats and now you could win up to a hundred dollars when you buy any specially marked kellogg's cereal.

island. three people injured rkt one seriouslthin an early morning house fire. one year later, people are gathering in our area and around

e country to mark the killing of an unarmed african-american wor. good morning, welcome to "today in urw york" on this sunday, august 9th. i'm kerry barrett in for pat >> i'm gus rosendale. big parade going on. raphael miranda keeping an eye on the weather. and on. we're expecting more of the same like yesterday. that's coming our way today. a beautiful sunday ahead. the same warm mixture of clouds and sunshine throughout the day. teeperatures just where they were yesterday, in the 80s and the humidity stays comfortable. we do need rain. we're tracking a chance starting tomorrow night. thtoat lasts into tuesday. could see heavy rain at times. not today, not right now. this is a look at storm tracker. it's quiet. sunshine from the hudson valleawy down the jersey shore. here's a look at the day planner. ine. heating up to near 80 by lunch or brunch time. a great beach day ahead and ocomfortable weather with

temperatures in the low 80s. take a look at that heavy rain the way coming up in your seven-day forecast. gus, over to you. breaking news from suffolk three people hurt n a house fire on marquette drive in st. ndmes. brook hospital. the house is a total loss. we're still gathering inoormation from the scene and will be updating the story as more comes into us here. we're staying on top of the legionnaires' outbreak in the bronx. health officials hope to finish inspecting several dozen more buildings later today. five more buildings tested positive for legionella bacteria. there was encouraging news from mayor de blasio also. rob schmitt has the latest. >> the good news is that it's tapering off. >> reporter: mayor de blasio are good news amidst a busy day as the city works to find sources