hi, everyone. welcome to "on the money." i'm becky quick. egg prices breaking records after the worst bird flu outbreak in the united states. with worries about a resurgence, are people at risk? we'll ask the cdc. plumbers and electricians needed. a ceo wants to train more women for skilled trade jobs. retiring overseas could be a cheaper options for your golden year pps and show business. the country's oldest working piano man still entertaining at 100 years old. "on the money" starts right now. >> this is "on the money." your money, your life, your future. now becky quick. >> the bird flu outbreak resulted in the loss of 48 million birds across the united

states. farmers and officials are bracing for the possible return of the virus this fall. as our cover story today, morgan brennan with the state that has taken the biggest hit. iowa. >> we haven't seen a new case in over 2 months but officials in iowa and across the country do fear that could soon change. >> avian flu. officials now call it the worst animal virus outbreak in u.s. history. it's been more than two months since the last case was detected but the damage is done. 48 million chickens and turkeys had to be destroyed, the lion's share in iowa. state officials finally lift the quarantines affecting so many parts of the state and some farmers start to restock. the first to welcome new birds is brad, 32,000 farm infected in may. >> a huge relief, no doubt about it. >> reporter: new turkeys hit the market later this fall but back to business, the entire business is bracing for more bird flu this fall when the water foul flies south. producers, state officials and

the usda are preparing. >> we are preparing for the fall and spring. we've got a lot of planning going on within usda, but also within the states themselves. especially all of the major poultry producing states with the industry. >> reporter: farmers are beefing up biosecurity and routine tests on flocks and many poultry producing states including georgia and north carolina that hasn't been hit by bird flu. they will have a vaccine ready if the need arises. becky, one of the biggest impacts has been egg prices now at record levels. the wholesale cost of a dozen midwest large eggs jumped more than 140% since april according to market research firms. >> it's hard to imagine to get your head around the numbers, 48 million birds being destroyed and makes you wonder how long for the chicken population before we saw the bird flu last

year. >> reporter: yeah. the numbers have certainly been staggering here. in terms of egg producers, many are expected to begin bringing birds back here in iowa this fall. the expectation is that we'll see production begin to ramp up at the end of the year but officials are warning it will take 12 to 18 months for supply levels to fully return to normal. >> morgan, thank you very much. in this country, bird flu has only sickened birds. no human cases have been found. but the cdc, the centers for disease control and prevention is preparing for the possibility. dr. michael young is joining us to talk more about this. thank you for being here today. >> my pleasure. >> bird flu cases in humans in this country, but who are the odds and the risks that could change? >> it could change. we think the inflection of bid flu viruses is low, it's low

right now. no human infections with these bird flu viruses. and these are the first of these types of viruses that we're seeing in the united states. and because they're new, we're a little concerned because we don't know how dangerous they could be and at least right now, they seem to be quite dangerous for birds but perhaps not so dangerous for people. >> what conditions would generally lead to a strain like this jumping from birds to humans? how does that happen? >> it can happen in many different ways. bird flu viruses, flu viruses in general, they change all the time. they can change in big ways though and the way that could happen is if a bird or a person or another animal is infected with two different kinds of flu viruses. and what happens sometimes is that these flu viruses will swap some genetic material and create a brand new virus with certain traits of each virus and if that happens and we create a virus that is perhaps more easily transmissible to people, then we

could be in for a quite different situation than what we're seeing right now. >> who is potentially at risk and how should they protect themselves? >> we think that the risk to the general population is low. i think that the general population should avoid sick or dead birds. i think that is the best way to avoid any possibility of being infected with this bird flu. if you have to encounter sick or dying birds and some people do in the course of responding to these outbreaks in birds, we recommend people wear full personal protective equipment to protect themselves with face masks, eye protection, and cover-alls so that they minimize their risk of being infected with the bird flu virus. >> do people need to worry about it being transmitted through meat, eggs that they're eating? >> they really don't. there's no evidence to suggest that you can get bird flu from eating properly cooked poultry or eggs at all. >> doctor, you're a specialist

in influenza. i'm sure you know well about 1918 and the spanish flu that killed 50 million people around the world. is that the type of thing that you are thinking could happen again at some point? what do we do to try to make sure that it doesn't? >> that, of course, is always the concern when we encounter these new flu viruses. i should be very clear that these, this bird flu outbreak in the united states is not the start of a pandemic. we are preparing for human cases of infection with this bird flu virus, even though there have been none, we don't want to see any, but we are getting ready in case there are cases. >> if there were cases to show up in the human population here, how long would it take to get a vaccine that could be distributed to the broader population? >> it would take time to get a vaccine that would be

distributed to people. vaccination would be one of the strategies we could employ if this bird flu made the jump from animals to people. we've started the vaccine process by identifying viruses that could be used for vaccine. we've found good candidates for this vaccine and we're holding them to see if they're needed. then they'll be sent to manufacturers to make vaccines if it looks like that's what we need. >> dr. young, thank you for your time today. >> thank you. here's a look at what's making news as we head into a new week on the money. retail sales bounce back in july rising 6/10 a percent in june. business risen by driving demand for cars as well as furniture an restaurant spending. it's the third consecutive month accounting for two-thirds of the u.s. economy. more signs of an improving economy. applications for jobless benefits rose this week but the four week moving average fell to 266,000. the labor department says that that is the lowest level in 15 years since april of 2000. stocks had a volatile week closing 242 points on monday and

falling on concerns about china's currency. stocks rose on friday. and cuba, the american flag was raised in a ceremony at the opening of the u.s. embassy. old glory hasn't flown in 54 years in havana. the u.s. severed ties with cuba in 1951. a flagship of public broadcasting will have a new address. sesame street will be on hbo for nine months, and then it will be back on pbs. a family ceo wants women to learn skilled trades. >> if your dream is to retire and live abroad, find out what you need to consider before you pack your bags. take a look at how the stock market ended the week.

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>> >> plumbers, heating and air-conditioning repair tends to be male dominated trades. she is working to provide a career path for women in skilled trades. thank you so much for being here today. >> thank you for having me. >> this is a huge opportunity. you say you're looking for talented women who don't mind getting dirty. why is it so hard to find that? >> they just don't grow up thinking about, i want to be a plumber or an electrician or appliance repair person. we have to educate them. it's a huge opportunity. so many women love working with hands but never translated that into a career. >> how did you get into this position?

what was your inspiration? >> my father was with a business called carpet and cleaning company. he would go out there and suck the carpets, water on christmas day when he didn't want to send up others out. i grew up in a male-dominated business but also a franchise business. we're short on techs. what about women? >> i'm guessing it's not as easy as showing up tomorrow and saying, okay, i want to be a plumber. how do you train them? how do they get skills? >> it depends on the trade. some trades like plumbing require licensure. and get involved in working for a plumbing organization to get their hours in. in some cases, it's years and years of training. >> which is why you've come up with the idea of a scholarship. >> we created this scholarship program in 2012 called women in the trades with the goal of providing $1500 scholarships to women interested in any area of

the trades regardless of whether they're coming to work for us with companies or not. so the idea is to get them involved, get them help and what we're finding is women who have received the scholarship are saying thank you because now working two jobs to get through school, this has taken a burden off and now they can focus on learning the trade and working. >> you were on undercover boss. what did that kind of bring to you in terms of an eye opening experience? >> i went to find out if core values were making it into the front lines because at any time, we have 9,000 front service professionals representing our brand and important that the customer has an amazing experience. one of the greatest surprises i had while undercover is i had a chance to work with a female service professional from female appliance. tanna marino rocks, is what the viewers said. the way she was training as a potential appliance repair

person, she's just gifted. she loves fixing stuff. the customers are wowed by tanna so the women said i want what tanna marino wants. 147 people reached out saying, how do i get involved in the trades? that opened the door to introduce women in the trades. >> funny part of the businesses are named mister. mister appliance, mister electric. ever think about changing the name? >> we get teased about that. with no ordinary plumber and a woman shows up, that is no ordinary plumber. we have some fun with that, some of our female franchise owners have gotten miss rooter on the back of the car. we need to think about that. >> thank you very much for being here with us today. i think it's a fantastic program and i appreciate you taking the time. >> thank you, becky. up next, we are "on the money." planning to retire abroad? not so fast. what you need to watch out for. before you relocate overseas and

america's oldest working musician that still has a song to sing.

many people dream of retiring abroad. they are usually searching for countries that offer lower costs, warmer weather and good health care. a vacation to an attractive local isn't the same as the reality of relocating.

sharon epperson with more on what you need to know about retiring overseas when it comes to your money, your future. sharon, you're really looking to retire overseas or abroad. >> doesn't it sound great? >> it sounds great but what are some of the places that pop up? >> in europe, thanks to the strong dollar, the decline of euro and cost of living is much lower there. the living invest overseas and they have the top five, three of the countries are in europe. portugal tops the list. also, france and italy and then in central america, mexico and belize. >> i would worry what happens if the dollar turns around in interest rates. >> they do this every year. you have to do long term, whether or not you can really afford to live over time. there's a lot of factors to consider when you look at living abroad. one of the things that's interesting about these places is the cost of living right now is relatively low. the health care and the access to health care is pretty strong, strong community particularly in the central american countries and when you're thinking about

central america, you're close to home. you can fly back. >> cheaper flights coming back. that makes a lot of sense. so three in europe, two in central america. what about how much it costs to live in the areas? compared to the united states? >> it can be a pretty nice savings for some people when you look at the cost of living and the health care and the food and the internet and the, you know, mobile phone prices and all of that. somewhere between $20,000 to $15,000 a year and lower in some places. the cheapest place in france in the french country side and the most expensive if you can call it that, puerto vallarta mexico, but still $23,000 to live there. >> looking at finances, what are some of the considerations you have to make before you make the leap? >> i want to say off the bat,

this is for a couple, definitely cheaper. you want to look at the total cost of living and try to factor in as best you can how much it's going to cost you and also look at, and this is where a lot of retirees really need to think about no matter the quality and the access to health care. that's key, might be the top cost that you have to incur when you retire and the other thing to think about, this is interesting to me, i'll move overseas and never pay taxes again and that's not true. an american citizen, the irs will find you no matter where you live. you need to be really aware that the tax fight could still be there for you and think about what the x pack community will be like. will you have a support network and i think as people look at the cost of living abroad and the romanticize how great it's going to be live near the beach or favorite vineyard, they don't think about the fact they're away from friends and family to

support them, doctors in hospitals and health care facilities that they've grown accustomed to as well. it's important to factor in all of those considerations as well. >> sharon, thank you. >> sure. up next "on the money," a look at the news for the week ahead. and with this 100-year-old working musician said are the keys to a long life.

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guests, go to our website. home improvement giets are reporting earnings along with walmart and target. wednesday, the consumer price index for july is increased and we'll be getting the minutes from last month's fed open market compete. thursdays we'll get existing home sales figures from july and greetings from the aloha state. it is the 56th anniversary of when hawaii joined the united states as a state. irving fields got his big break many years ago, and he is still making a living and entertaining. >> an amazing story at 100 years young, irving fields is still

playing the piano. >> yeah! more vodka. >> this is irving fields, not your typical working musician. >> i didn't like it in the beginning because i had to play scales. boring. i wanted to play a melody. >> how old are you turning? >> 100 years young. >> even at 100 years young, he keeps busy playing five days a week at a few new york city restaurants. and he gave us a glimpse into how some of his most famous songs were born. >> i had a few rums, and i said oh, boy. i wrote a song

♪ >> at his age he has seen it all. from records, to cds, to the internet. >> youtube.com, you fend a world after what you're looking for. >> you can find his records on itunes including bagels in bongos from back in 1959 when he sold about 200 million copies. >> oh deanna, is it really true? deanna, a song for you ♪ ♪ why don't we have a commissioner of entertainment

and we'll get musicians jobs ♪ ♪ there are very few jobs for musicians. put them in hotels and restaurants ♪ ♪ as far as the retirement plans go -- >> retire? no, don't do that. keep the mind, get a hobby if you need to do something. keep the mind working. keep something you love. god bless you piano, i love you, you're my best friend. i got emotional. but anyway, that's the way i feel. >> it would almost be unbelievable, right, if it wasn't true. a man, 100 years young, no plans to retire, still at the piano.

>> i lo this, perfect words of wisdom. he is playing five days a week at some restaurants? >> he plays four nights a week at one new york city restaurant. we're not talking about one or two songs, it is three hours each night. then he plays three afternoons at another new york city spot, also for three hours. so he has a full, grueling schedule. that is the show for today, i'm becky quick. thank you for joining me. next week it is almost back to school. from basic supplies to high-tech g gadgets, how to budget for what your kids actually need. have a great weekend.

-narrator: hauling trash... squashing bugs... -i'll get it. -narrator: scrubbing toilets... -that's it. -narrator: it's all in a day's work... when you're a millionaire. these folks invest in hedge trimmers... not hedge funds. they turn d-i-y into r-o-i. and thanks to hard work... incredible passion... and a whole lot of mud, sweat and tears... they've turned their dirty jobs into filthy riches. -smells like money! -narrator: tonight, meet a family of worm farmers who give a whole new meaning to gross profits. a former street hustler... who's gone from pedaling sham watches... to pocketing cool millions... and a surgeon's son who left college to collect trash... and hauled away a fortune.