welcome to "on the money." if bottom line for big banks, earning season kicks off and a wild week for the markets but how much attention should you pay to the gyrations. does corporate america have trust issues? from auto recalls to cruiseline chaos, can you put your faith in big business. setting to boxes for your tv. apple, roku and now amazon, do you need one? should you cut the cable cord and which one is best. and if you haven't finished your taxes yet, you are not alone. what to do if you are down to the wire. "on the money" starts right now.

here's a look at what's making news as we head into a new week "on the money." if you are looking for a good description of a volatile market this week will do just fine. it's been a little chaos i can. the nasdaq falling more than 3% on thursday, that was its worst one day decline since november of 2011. it was all about concerns about the valuation of momentum stocks, especially biotech. the dow and s&p 500 weren't behind. each down 2%. and the markets continued to fall on friday. earnings seasons kicked off with j.p. morgan chase falling short of estimates. wells fargo beat, as did alcoa. the federal reserve's open market committee released the minutes from its last meeting which said it would wait until 2015 to start hiking short-term rates and then its 6.5% target was outdate sod that's out of here. the fed disclosed it held an unscheduled meeting to get rid

of the target. if you want to see the world in a way only a few people can, google glass will be available to any adult in the united states but for one day only. this tuesday. the wearable device allows you to see a tiny commuter screen on the glasses. yes, you, too, can look this chic for the mere cost of $1500. it's been a busy week for the markets. earnings season kicking off. the fed releasing inlts its statement but how much attention should you by b paying to it. joining us is john rogers, jr., chief investment officer of ariel investments. i'm glad to be talking to you because you are somebody who tends to be sanguine about big swings in the market. we've had a lot of them this week. are you worried that we are in the beginning of a correction? >> i think it would be normal to have a correction. we've come a long way, it's ban great bull market but there's a lot of upside from here. >> what makes you think that -- would you say stocks are fairly valued or undervalued? where do you look?

>> i think they're reasonably valued and starting to get undervalued. especially when you look at the earnings potential coming out of this recession. we haven't recovered completely and when that happens i think these multiples look reasonable. >> you look at pe multiples, people say 16 times. that's historically not far from the average. people say we've just run a long way in a short period of time. that makes them nervous. what do you sigh that makes them feel better? >> i think when i talk to people, people continue to tell me the economic recovery is just getting started and we're probably only in the third or fourth ining of this recovery. we have a long way to go and therefore earnings are going to be much higher than people anticipate and the power of those earns will make these valuations look very reasonable today. >> i love hearing that but when i look at the ten-year note, yields have been coming down dramatically. you're looking at around 2.6%

right now. that usually is an indication that the economy doesn't look so great. what does the ten-year bond -- what is the bond market telling us? >> i think it's a short-term problem. we hear from all of our companies that the weather did have an impact. that's a short-term blip so we think ultimately you'll see the economy recovery and higher interest rates so i wouldn't worry so much about this temporary problem. >> we have people looking at the economy for this year. we just got good jobless numbers throughout that shows maybe the jobs market is improving. some people are looking for 3% growth in gdp this year. are you one of them? >> i would be on the upside of that. >> 3.5%? >> i'd be more in that range. >> what do you see? is this a gut? is this what you hear there companies? what's telling you that? >> partly what we hear from companies and as people tell you they're just getting started in this recovery but the other thing that's happening, there's been so much conservatism out there. people have been very slow to

move up their expectations because they realize how tough things were. >> let's talk about that. you see from a lot of individual investors whether or not they feel comfortable with the markets. are they coming back into stocks and bonds or are they still gun shy about what happened six years something that. >> i think individuals are still gun shy and most importantly big institutions are very gun shy. all the big corporate pension funds are derisking. all the major endowments are derisking and getting overly diversifies and putting more money into hedge funds. very going into long because of the last economic downturn. >> does that mean you think they're zigging when they should be zagging? >> i think so. our friend warren always says you want to be greedy when others are fearful. >> when you look at the market, are there certain areas that you think are undervalued? particularly undervalued at this point? >> in this day and age a couple areas. the financial services sector. we think there are a lot of great cheap stocks there. favorite companies for us are kkr with private equity.

lazard that does a great job with investment banking and a well diversified. cb richard ellis, jones lang lasalle and the real estate services companies. those are where we think the best bargains are within the financial sector. >> we heard from financial company this is week already, big banks reporting earnings, j.p. morgan weaker than anticipated but wells fargo a little better. does that tell us anything about the overall economy. are these bank-specific information that we're getting at this point do you think? >> i think it's bank-specific. j.p. morgan chase now is so global and they've got -- there's in so many different markets around the world i don't think you can interpret one quarter about what it means for the american economy. >> somebody who walked into your office today, let's say they haven't been actively involved in stocks in the last five or six years because they've been worried about things but they each watched things rise drastically. is it too late for them to get in? >> it's never too late. take a long-term perspective. get there, get your feet wet, take your time building that

position but don't wait for a correction. you never know when it will happen. >> john, i want to thank you very much for joining us today. >> it's been fun. >> again, john rogers. up next, do you trust american business? with car recalls and new newed attention on equal pay, we'll look at the trust gap and what smart ceos can fix it. from amazon fire tv to google's chrome cast, tech companies are fighting to have a place in your living room what do these set top boxes offer? is it worth it to get one? we'll find out. right now, take a look at how the stock market ended the week. fffgggganaúúú÷úga9gg o???o @óóóóóoñw?o8jabpúúphúúbúllth ]r,@2

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auto makers have recalled nearly 15 million vehicles in 2014. high frequency trading may give some a head start in public markets and women are paid less than men. is there a trust zbhap jeff sonnenfeld joins us. he's a senior associate dean of the yale school of management. professor sonnenfeld, thanks so much for being here today. >> it's a delight to join you and jeff is fine. >> jeff, what do you think, is there a trust deficit between leadership and the general public today? >> yes, there is. i mean, it's been a late-night comic's dream talk about the plunging data that we constantly see on the used car salesmen and others that have beat out the leaders of congress. but now we've seen religious figures and also corporate ceos quite low on that list. very close to elected public officials. although this year, you know, interesting, there's been a bit of a slight uptick for ceo credibility on the adeleman trust survey. >> why do you they is?

people trust business more or government less? >> the government has fallen off so precipitously and it's interesting. when you pore through the data more finely, you actually see that western companies in particular, that companies that domiciled where they have a domestic base in the brick nations have a much lower trust rating, even, by the way, not just in the west but actually within those -- each of those respective bric nations. there's a dramatically lower trust in corporations but surprisingly quite high for western companies right now and that's given an opportunity for ceos. i must say at the top of the charts, though, with about four times the trust factor are academics and experts. [ laughter ] >> at one to trail upwards, though, are the regular employees, the people like yourself, regular employees and academics, but there's a window of opportunity here if ceos see that they can return to the

platform. >> there you go. yay for you and me, jeff. let me ask you, we saw gm ceo mary barra. she faced two days of questioning on capitol hill. it was all over those faulty ignition switches on a lot of gm cars. how did mary barra's performance play in terms of the public trust in auto makers? >> she's gotten a rough beating and things were easier going -- this is now going back a week, easier going in the house of representatives than the senate was a little tougher. some might cynically suggest there's a little bit more grandstanding taking place in the senate. an awful lot of people, including leaders in the media, have noticed how much tougher the women senators were on her and some have taken note that perhaps they there could be a rougher gender treatment than she's experienced than, say, toyota experienced when he went before congress from toyota or other public figures. but i applaud mary. i think -- mary barra. i think it's a reminder back to the opening of this discussion,

as you framed it just moments ago, how public trust is so critical not just in finance and, of course, in health care and other great pillars of the economy, but in product safety issues and say automotive or privacy and data security and things. to so to do a thorough investigation is important and she couldn't defer going before congress. here she went out, she's been accountable, she's been apologetic and it looks like in hiring ken fineberg, who is, of course, the great mediator of victims' suffering with monetary damages and the old pay czar. he's like the solomon of the modern world, a national treasure, for them to bring him on board is very encouraging. >> this week on equal payday the president sign an executive order prohibiting federal workers from being punished for talking about their compensation. what do you think about a more open and trusting conversation about what people are paid for? is this a good thing or a bad thing?

>> there's a huge sensitivity there. we constantly see somewhere depending on whose research it was and what occupations we're looking gap a pay gap of 70%, 80% of men versus women in terms of persistent issue. as we see, i don't know, 8% or so women in top leadership ranks and 14% or more in -- having been perhaps more women on the board, we're seeing improvement in women's representation but slow improvement. however, what we really don't see is closing of that pay gap. and people haven't wanted to discuss it. now some will argue that there are reasons why perhaps some women have opted out on a certain trajectory or schedule. there's a lot of controversy about that and if they truly are comparable positions but it's pretty convincing data that there is still significant pay gap and the transparency, i think is a good thing. folks are worried about a sense of rivalry as to who's paid what but why should we keep these things a secret if people voluntarily want to acknowledge

what they're paid? i don't think anybody should be forced to reveal. >> but transparency, the option for transparency seems like a good thing to me, too. jeff i want to thank you very much for joining us today. great talking to you. see you again soon. >> thanks, great talking with you. up next, we are on the money. the fight for your tv is heating up. amazon is joining the set top box race with its fire tv. how does it stack up to the competition? we have the details. by the way, you can find us on facebook, facebook.com/otm.

amazon just announcing its entry into the set top box market with fire tv. but what exactly is a tet top box and do you need one? cnet senior editor dan ackerman joins us to talk about why tech companies are vying for your tv screen and where that leave yours cable provider. dan, thank you for being here. >> good to be here. >> these things are not as big as i thought they were. you say set top box and i think of cable boxes, a huge thing. what do these things do? >> these basically taken a internet signal and put it on your tv. people talk about streaming stuff on line on your laptop, but how do you get that on your 50 inch bigger steve? that's what you use these boxes for. >> let's talk about which ones are here, what do you think of them and which one do you like? >> there are two categories these days. they're broken down into the $50 and under category and the roughly $100 category. the least expensive one is the google chrome cast which is this

little usb style here. it plugs right into your tv and i left the cable dangling to remind you you need power for it and this works with a lot of google services, you can get netflix and it basically streams stuff from your laptop to your tv. >> i can already do that on my tv. >> well, that's the big secret. if you have a smart tv you have these services built in already. you may not have all of them and those tv interfaces are a little clunky. a lot of people don't even know they have them on their tvs. >> so that one and roku, the little stick. those are the ones under $50. >> the roku stick is about 50 bucks and does the stuff the big roku box does. it's more sluggish but it plugs into the back of your tv. >> what about the bigger boxes? >> these are like the $100 versions so they're zippier, they have faster processors in them so the menus are faster, more seamless and they sometimes have more channels. roe skew pretty much everybody's favorite. this version is about $100. it has netflix, hulu plus,

amazon prime, hbo go. what people like about roku is it's platform agnostic. it doesn't belong to apple or amazon so everybody gets a fair shake and there are tons of independent channels you can get. apple tv is popular if you have stuff you bought off itunes store. tv shows and movies. >> our whole universe at home is apple. >> that's it. whatever co-system you've bought into over the years. whether it's google or amazon, that helps you decide which box to get so the apple tv you can also get netflix and stuff on it but if you bought stuff through i tunes that's how you get it on your tv. >> the limitations listen on these things that it's only as fast as your internet service. so if you have high speed internet at home, that's one thing. if you don't, you'll have an issue. >> if you have a bad internet connection you'll have trouble with streaming hd video no matter what device you use or if it goes through your dvd player, game console or one of these boxes. >> if i have one of these do i need cable or can i get everything i want without it? >> that's the big question.

a lot of younger people -- we used to call them cord cutters, people who would get rid of their cable and call what we call ip tv or internet tv. younger people are almost koord never evers. they never signed up for cable and used something like that amazon fire tv that, again, has netflix and hue hlu plus. this doesn't have hbo go yet. but amazon has their own robust video store with things you can rent and buy and play games, too. if you like realtime 24 hour news channels like i do you can't get that on these. you can't get the regular channels that you watch so if you're tied into some of that cable tv ecosystem, then this doesn't replace it, it augments it. >> and the smart tv knocks out some of these things anyway. >> and the smart tv or if you have a blu ray or dvd player it has things like this built in. or a game console, xbox 1, playstation 3, it's already built in. >> dan, thank you very much for coming in.

dan ackerman. up next "on the money" a look at the news for the week ahead and if you haven't gotten afternoon to your taxes yet, look out, april 15 is days away. don't miss our last minute tax tips to get your taxes in on time and error free.

for more on our show and guests, go to our web site, otm.cnbc.com. here are the stories that may move markets and impact your

money this week. financial heavyweights citigroups, morgan stanley, black rock, goldman sachs and citi will be reporting their quarterly results. also, yahoo! google ibm and intel will announce their earnings. retail sales for the month of february are due on monday. on tuesday, it's time for americans to file their taxes and pay uncle sam. on wednesday we'll get the beige book which provides anecdotal evidence about the economy and on friday the markets are closed in on srve vance of good friday. don't look now but april 151 he -- 15 is here and we have help if you need to organize your paperwork and figure out what deductions you can take to meet the filing deadline. sharon epperson joins with us her quick tips and this is a scary time of year for anybody who hasn't figured it out. >> it is. a few days away from the tax filing deadline but there's things you can do starting with just making sure you guantanamoer that paperwork. that's the most tedious part. >> such a pain. >> right.

get president w-2s together, the documentation you need for deductions, start there. >> do it quickly. >> quickly and make sure you're doing it accurately. the irs says the fastest way to file is electron scloi thlecele can file for free, it's called free file and they'll set you up with tax software providers that will help you make the calculations and do the work for you if you make $58,000 or less you're eligible. if you make more, you can still file online doing the irs free file fillable forms. yanl that said that right. >> i'll table your word on that. i know there are a lot of changes in the tax law. are there some things you better hurry up and look for that this is the last time you can claim them? >> there are several and they're 55. they're called extenders. those are things tax experts are looking forsee if congress is going to at the 11th hour extend them on december 31. right now if they don't do that. twird tax returns, the last time

you're going to take advantage of things like college tuition and fees deduction -- >> what? >> also the teachers expenses deductions, mortgage insurance premiums deductions and deducting state and local sales taxes. >> state and local sales taxes? what if you are just a scatter brain at this point, off lot of stuff going on, you haven't been able to get your stuff togethering? can you file for a deadline? >> you can, you can file for an extension, fill out a specific form, do go to irs dot gove, get the form 4868 and make sure you fill that out. you get until october 515. if you file for that extension you get to october 15 to file your tax return but if you owe it's not an extoengs pay what you owe. you need to pay that now. so figure out or make an estimate. send something in so you're not hit with interest and penalties. >> and if i can't pay what i owe right now? >> a lot of people face that but they don't approach the irs and work out a plan. that's what they want you do. often times the irs will be able to help you set up an installment plan, they just have

to know your situation. if you make $50,000 or less there's a form on the irs web site, irs.gov where you can fill that. there's also another form if you have f you owe more than $50,000, that's a separate form which you have to fill out. so less than $50,000, probably a regular installment plan is what you'll need if that's how much you owe. more than that there might be another form. >> that's how much you owe, not how much you make. >> yes, not how much you make, how much you owe. >> that is our show, i'm becky quick, thank you so much for joining me. next week, are you a giver or a taker? putting personality to work in business and life. each week, keep it right here. we're "on the money." have a great one. i'll see you next weekend. female announcer: get three years interest-free financing

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[ticking] >> warren buffett, america's second-richest man, is a household name, his son howard not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. are you sure he's your son? >> well, i think that's worth checking out. you'll have a big exclusive. [ticking] [bell ringing]