secrets of acy self-made millionaire, one you just might recognize. out suzanne somers went from sitcom star to the thighmaster queen. >> i have no regrets. >> on the money" starts right now.

>> here's a look at what's making news as we head into a new beak "on the money." there was bloodletting on wall street, some healing and plenty of questions. the dow fell for six straight days by thursday and losing nearly 600 points. the nasdaq touching correction territory down 10% from its recent highs. weakness in europe, ooebl in the united states and worries about deflation. though the market climbs on friday the unrest caused a flight to safety with investors piling into ten-year treasury bills that sent prices up and pressured yields briefly fell below 2%. oil tumbling below $80 a barrel for the first time in about four years, that is because of weak global demand and strong dollar. in the midst of the craziness signs of corporate health with earnings coming out. citi beating analyst

expectations, so did bank of america and goldman sachs. wells fargo met and morgan chase fell short. you may not need a cable box to watch hbo. announcing a standalone streaming service that wouldn't require cable or satellite service. no word yet how much that would cost. volatile doesn't begin to describe what was happening with the stock market this week. was the recent pain a launching pad to future gain? joining us is rich benstein. thank you for joining us. >> thanks, becky. >> we call it volatile. the nasdaq down by about 10% at one point. >> sure. >> is this a permanent thing, a one-off? >> you had jitter i investors going into this period to begin with. you get a little more uncertainty than people are used to and the market goes down quickly. one of the important things is

to remember the economic fundamentals that we'd normally associate a bear market or recession are nowhere to be seen. >> things like what? >> things like tightening of liquidity from the central bank. the central bank is reducing liquid you the but not mopping it up. corporate earnings, corporate cash flows are quite strong. normally they peak and begin to roll over. that's not happening either. >> i'm glad you brought up the fed. fedspeak calmed the markets. if things turned worse we heard this from a lot of officials they could potentially step back in. they don't want to do this burr the idea of qe4 not off the table. what does that mean in the weeks to come? >> people have to remember the fed like most investors does not want to replay 2008. they're very scared. the fed is always a lagging indicator. they're always data dependent, always reacting to the data. they will act more gradually

than they normally would in a cycle. say the stock market is correct and the economy weakens substantially, the fed is going to reverse course, they will ease more aggressively, especially in light that fiscal policy is starting to get its own hold. >> given all that, do you think we've hit a bottom yet? >> i wish i was smart enough to tell you that. i honestly don't know. what's encouraging is in the last few days you've seen a shift from pure emotional selling to some picking where the fundamentals are getting better. for example, let's say europe is the cause of this, the weakness in europe. you expect companies that are more exposed to europe would underperform. those with more ex-personeur to europe of jut performing, smaller u.s. companies that were underperforming but the last week or so those small companies started to outperform again.

>> we are into earnings season. things are looking good. what are your expectations in. >> we think earnings will continue on a modest path of improvement, continued growth but cash flows are stronlg. you're not seeing a lot of capital spending. if the market goes down a lot from here, my guess is you'll see corporations step up and start increasing their share per purchase plans. >> that's interesting, taking advantage of what they'd see as weakness in the market? >> that's exactly right. >> beknow the ten-year yield came unenormous pressure, dipped below 2% at several points during the week. >> sure. >> oil prices at one point fell below $80 a barrel. that's potentially good news for the consumer but scary when you think about what it's signaling in terms of what it sees in the economy. >> that's right. >> lower oil and gasoline prices are great but we have to wonder is the economy that weak? employment statistics that came out if not very strong certainly

strong but you have the combination of weak energy and commodity prices. oil at $107 a barrel wasn't justified but oil at $78 a barrel isn't justified either. it's somewhere in between but for right now, good employment statistics, lower gasoline prices you have to smile. >> initial jobless names, other things that come in have been good. >> jobless claims is one of the most important and least watched statistics in part because it comes out every week and everyo everyone takes it for granted. this past week it hit a 14-year low the fwbest number in 14 yea combined with lower gasoline prices and things like that. >> what are you looking for in the week ahead? >> earnings are the big story. we continue to see improvement in corporate earnings, i think the market will inch its way up.

>> rich, thank you for joining us. >> thanks, becky. up next we are on the money. the man who runs the world's largest asset management firm says the retirement crisis isn't coming. it's already here. blackrock's larry fink on why you need to save more. >> if you're not working and helping your parents save for retirement, be prepared, your parent's going to be living with you. >> and later, come and knock on our door. one of hollywood's original reinvention stories, actress andent were you near suzanne somers on the brand she built after being fired from a hit prime time show. as we go to break look at how the stock market ended the week. go ahead and put your bag right here.

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big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.

there's no doubt that $4.3 trillion is a lot of money. in fact it's more money than the federal government's budget for 2014, but that's how much financial firm blackrock is responsible for, and when the man who runs blackrock speaks, you should listen. this week it's chairman and ceo larry fink says there is a big crisis coming and it's one that not enough people are think being. >> to build the proper savings for retirement requires a process of saving continuously through life. the later he begun saving for retirement, the more difficult you're going to have that pool of money you want to live in your retirement in dignity. too many americans are too dependent on just social security. the social security program was supposed to be a backdrop to all the other private savings you have, and one of the reasons why i don't believe it's a crisis that's in the news today, our federal workers don't have this

problem. they have a great retirement plan, and this is why we have to be noisier in the private sector. the other aggravating circumstances to this problem is, fortunately we're living longer. it is a blessing. americans are going to live between 78 for a male and 80 for a female. >> it used to be the corporate sector, the private sector would almost provide a very paternalistic sort of situation where they were providing pensions for people. that has switched to a defined benefit 401(k) structure. >> defined contribution. >> defined contribution instead of defined benefit. what happened? are corporations to blame and what should they be doing to help people along? >> i do believe the business community is at risk for not educating their employees. the purpose of moving for a defined benefit plan to a

defined contribution plan is entirely they reduce their liability. >> right. >> and so they're putting the responsibility onto the individual. the problem is, each individual, depending on how they perceive their life, tend to live their life more for today than in the future. in addition, saving for a 30 to 40-year outcome is not a front and center priority. some americans will say, i need to save for my kids' education. some americans will say i need to save for a house. so retirement is not front and center. one of the fundamental problems of individuals are, they watch the news. whether it's ebola, whether it's the volatility in the world, whether it is isis, they become frightened, and they pull back their investments to maybe more in cash, maybe more in

short-term bonds. the reality is, when you are really thinking about a 30 to 40-year type of outcome, retirement, you should be focusing on how to build that nest egg over a 30 to 40-year period. it's incumbent on everybody to start thinking about retirement. i speak at many different universities and one of my ending comments to the students, if you're not working and helping your parents save for retirement, be prepared, your parents are going to be living with you. >> right. >> and i say that as a joke, but that's a serious issue. if that is going to be the outcome, that will also drag down this economy, because if more and more people are sharing dwellings and housing, we'll need less construction. i mean, it has some dramatic impacts on our country. >> you know, i've heard statistics like you should be saving about 10% of your paycheck for your retirement. if you were to offer some advice to somebody who is sitting at home right now, say they can't

save 10%. is it enough to do $100 a month? what is the beginning rate and something practical they should be putting it in? >> if you believe the world is a good place over 40 years, if you believe the u.s. is the best place to invest over 40 years, you're probably going to be able to assume 6% to 8% compounding rate over a long time. on the equities it's very easy to determine if you had that type of compounding over that period of time -- we actually have a calculator, they call it the cori index or the blackrock plan that addresses how much money you can put, expected returns and you can dial up $50, $100, what type of interest rate expectation, so you could see what that does for your retirement savings. >> our thanks to larry fink. up next, we are "on the money" turning bad news into a new career. suzanne somers describes how the

end of "three's company" and the beginning of thighmaster changed her life. >> why are you focused on what you don't have? why don't you focus on what you have? i realized i had enormous visibility. later the mark drop is worrisome for many but could mean good news to some. the silver lining that may surprise you. people with type 2 diabetes come from all walks of life. if you have high blood sugar, ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug, farxiga may help you lose weight and may even lower blood pressure when used with certain diabetes medicines. do not take if allergic to farxiga or its ingredients. symptoms of a serious allergic reaction include rash, swelling

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it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. can you imagine getting fired and having it turn out to be the best thing that ever

happened to you? actress suzanne somers was dismissed from the hit sitcom "three's company" in 1981 but that led to her new career as an entrepreneur. she's sold thousands of health, puty and fashion products and in a book "i'm too young for this" is out in paperback now. suzanne somers, thank you for being with us. >> thank you, nice to be here. >> i think this is one of the more amazing stories. you built up a huge profession as an entrepreneur, a businesswoman and it's not a path anybody expected to take. we've got on it watch along the way. >> right. >> how did you get yourself in that position? >> i bought a pair of really expensive manolo blok shoes for $600 and i didn't know how i would tell my husband why i would spend so much money for a pair of shoes. i came out in my underwear and i said do you like my shoes? he said great legs.

oh my gosh, i'll use that for the thighmaster commercial. we made millions and it's in 163 countries. >> how has the audience changed over the years? we were talking off camera about your book business and how people are buying many nmore ebooks these days. what other changes have you seen? >> in books the high-end coffee table books will always be around, but i think books as i've been writing will probably go a different way. i always have a book going in my head. i'm on tour with this book but almost am finished with the book that comes out in may. there's so much going on. i'm passionate about health. cancer was a huge and strange gift because at the time when i was diagnosed, i knew enough to not want to go the way they wanted me to go, and was daunting at the time to refuse chemotherapy and to refuse the harsh aftercare drugs and to give up my hormones, which i had been writing about, and continue

to write about. it made a fighter out of me, so visibility, fame can be used for the better good. my message is real. i really feel that women deserve to know that there's another way to age than the way we've been aging, the way our mothers age and the way our grandmothers aged. >> when you were fired from "three's company" you had made a stand. you wanted to be making as much as the men, the top men in the industry at that point. >> absolutely. >> do you think things have gotten better in hollywood since that time? >> i do. i remember roseanne in "the roseanne" show, she was the first woman to step up to the plate after i had been fired. everyone was afraid. roseanne said i want ownership and $750,000 a week and she got it. she got it and it's the same reason men get it, because they were pulling in the ratings. i always call it selling tickets. it's like "friends" when they

got $1 million an episode you're not going to watch "friends" without the friends. they're an integral part of it. i think when you're in acting, if you go to law school you're going to be a lawyer. if you go to medical school you're going to be didoctor. you're going to make some kind of living. you can study acting your whole life and never get one single job. what you hope as an actor you get that one score and if you get that one score, you want to make the most of it, and i got it. >> you got it. >> i got chrissie score and it was such a score and i felt i deserved that. >> did you think it was over when you were so abruptly fired? >> horrible. i sat in my living room and doubted myself and why did i -- here i had, you know, life by the tail, and here i was on the number one show and now -- i couldn't even get an interview. i was considered trouble. i heard this voice in my head, but it took quite a few months, close to a year to hear the voice, and it said, "why are you focused on what you don't have? why don't you focus on what you

have" and i realized i had enormous visibility. i think my life turned out great, my marriage is great, i have six grandchildren and three kids and they're all great. >> so no regrets. >> i have no regrets, no regrets. none. >> suzanne, i want to thank you so much for your time today. >> thank you, thanks. up next "on the money" a look at the news for the week ahead. ate later the consumer upside to the market's downside. fithen a little family fun...... with breakfast for 4 and wifi. join us for the family fun package. doubletree by hilton. where the little things mean everything.

for more on our show and guests go to otm.cnbc.com and follow us on twitte twitter @onthemoney. earnings season ramps up with reports from big tech and telecom companies, amazon, apple, ibm, verizon, microsoft and yahoo! report numbers. boeing, caterpillar, coca-cola and mcdonald's, dow components. on tuesday existing home sales numbers. on thursday we get the production manager's index which is a key measure of industrial strength and the ipod turns a lucky 13, and on friday, new home sales are reported. the stock market slide has made investors and consumers pretty jittery but despite all those fears tumbling energy prices and mortgage rates may prove to be a silver lining for many. sharon epperson joins us right now that part of the story. we know the yields on treasuries came down significantly this week. does that actually affect mortgage rates out of the gate? >> it has. we saw the 30-year drop below

40% this week, and so whether or not that is maintained or falls further, we're still seeing a considerable drop in mortgage rates and it translates into real money in your pocket. if you're out there and trying to refinance and you're able to get your rate down from 4.25% to 4%, that's a savings of about $36 a month. if the rates fall to 3.75% you can see a drop of $72 per month on a $250,000 mortgage. one of the things you look at how much equity you have in your home and home prices more importantly have risen. you may have more equity in your home because of that. >> what about lower prices at the gas pump? how much are americans saving as that price ticks lower and lower. >> it keeps ticking lower on friday $3.15 a gallon national average was below that mark. we've seen a 50-cent drop since the fourth of july in gas prices. that is real money in your pocket, every time you fill up you're saving about $5 to $15 a gallon on that fillup.

you fill up about four times a month, you could be saving as much as $60 a month, a two-car family you're talking about $120 a month in savings. that's a lot of money. >> we'll take that. >> yes. >> also as we get into the winter, the heating oil prices, those have come down significantly. >> the drop in oil prices to below $80 a barrel had an impact on heating prices. the price may be a little higher than last year, we'll have a milder winter a lot of folks are saying including the federal government so they're probably going to see a savings of at least $20 to $30 a month right there. propane was a crazy market last year. those folks in the midwest could see as much as an $800 savings. lot of folks in the northeast and midwest paying 15% to 30% less in home heating costs compared to a yearning. >> with the lower energy prices, you have to figure that maybe somewhere down the road we'll see lower ticket prices?

>> that's what folks are hoping, lower ticket prices, good news for the holiday travel season but there's a lot of good news out there, too. if you're able to refinance, think about the money you may have in your pocket that you can use to pay down credit card debt. that's another thing that a lot of folks may want to do, and particularly if they're going to rack up a little bit more going into the holidays. there are silver linings, a volatile week in the market but for consumers there's a lot of good news out there 37 >> thank you for bringing us that good news. >> sure. >> that is the show for today. i'm becky quick. thank you for joining me. my guest next week is dan gilbert. we're "on the money" have a great one and we will esee you next weekend. for over 60,000 california foster children,

extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations

for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. [ticking] >> in the last few years, we've discovered the equivalent of two saudi arabias of oil in the form of natural gas in the united states. not one but two. >> he's talking about natural gas extracted from shale, the new hope for america's energy future, with production or exploration in over 30 states, making overnight millionaires of the farmers who lease their land for drilling. so you gentlemen are living in a good, old-fashioned gold rush. >> it's a gift from the good lord. [ticking] >> [chuckling] >> craig venter doesn't fit the stereotype of a world-famous scientist.