Somnox robot "breathes" to help people fall asleep. The company's founder Julian Jagtenberg explains how this product works, and its plans to enter the U.S. market.
"This is the world's first sleep robot," says Jagtenberg. "It's like a teddy bear for adults." The robot provides soothing audio like a heartbeat to help people meditate and fall asleep. Jagtenberg says his company is pioneering the future of sleep.
Jagtenberg says he hopes this robot helps people with sleep problems without the need of medication. Somnox will be at CES 2018 to offer a 'hand's on' look at this sleep technology. Somnox has raised 200,000 Euros through Kickstarter.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
