hi, everyone. welcome to "on the money." contamination crisis. we heard about tainted water in michigan. but the problem may be broader than you think. and the price tag to fix it all is astounding. is a target date fund the right choice? from pop warner to all-pro we'll tackle the dangers of football. some of the dangers you might not know about. is it art or something else? the sweet taste of success for one entrepreneur. >> just a touch of flame. >> "on the money" starts right now. >> this is "on the money," your

money, your life, your future. now, becky quick. >> we begin with a question, how safe are the pipes that bring water to your home. residents of flint, michigan, found out the hard way that their pipes were not safe. just this week, michigan's attorney general announced criminal charges against two state officials. and governor snyder propose that they have the toughest lead-testing in the nation. where else is toxic tap water lurking? that's our story of today. >> reporter: the critical water situation across the country is causing protests. agourding to data we obtained from the environmental protection agency, several thousand schools, 431 returned heightened levels of lead.

according to the epa, only nine u.s. states has safe levels of lead in the water supply. that's alabama, hawaii, arkansas, north dakota, south dakota and tennessee. the rest of the states have had action level exceedance. all states had higher than acceptable lead in drinking water in that time period. water mains and pipes are often more than 100 years old. since the infrastructure is underneath, the condition of the pipes is unknown until ruptures. with older cities like new york, philadelphia, and bosten in greatest need of repyre. experts say more focus should be placed on how that water is delivered. >> the water quality is very high. the infrastructure that is conveying that water is in need, serious need, of investment right now. if we continue on the path we're on now, and we do not increase

investment in these areas, we're putting at risk, by the year 2020, over $400 billion in u.s. gdp. 700,000 jobs would be endangered. and over $500 million in personal income would be at risk. >> reporter: newark, new jersey, is in the spotlight, as well. tests of 30 schools came back with contaminated water levels. >> does it need help? yes. are we flint, michigan? no, we're not. but the public schools are a miniflint in the upwards of $10 million, $20 million, if you're going to retrofit the plumbing in the buildings. >> reporter: elevated lead and copper levels were found in 19 detroit public schools, as well. almost one-third of those tested. the epa suggests that schools implement programs for reducing lead in drinking water.

there's no law requiring of testing of waters except for those that have their own water supply and are regulated under the safe drinking act. >> you assume we're going to be drinking safe water. you mention investment. how long does it take to fix this problem? >> it's going to take about $80 billion they say to protect against losses of $150 billion because this is something that affects every business, every home. they're saying, let's tackle the problem before it becomes a major issue. >> is the solution of mrint's water problem in reach? lansing knew it had a problem and replaced the pipes 14 years ago. the project is almost complete at this point. mr. mayor, thank you for joining us today. >> my pleasure. >> you started removing lead piping in 2004.

how did you know this was a problem and how did you pay oar pit? >> some of the citizens were the canary in the mine. they brought it to our attention. we started to look into it. that's when i learned about the lead and copper rule under attack. and how loose the requirements are for testing. we dug into it. we expected direct answers. and we expected positive answers. and we didn't get them. we got vague answers. when we looked into the testing procedures, we were not convinced that the water was safe. and we started asking about the lead and what's the safe level of lead? and there isn't one, especially for kids. we said the prudent thing to do was to improve the testing and get the lead pipes out. we begin a process that cost $42 million over 10 or 11 years. i encourage people to look into it. talk to your water utility. find out what is done.

find out where the lead pipes are. find out about the testing regimen that is used. there's an issue of first flush, second flush. >> what's the first flush, second flush, that rule? >> they flush the water for a period of water for a minute of tests. >> meaning anything that's been sitting in the pipes, maybe lead pipes, leading up to the water fountain or spout you may be dlinging from? >> bingo. the toxins would be out before they tested. it was almost as if they were rigging the system to get the results that would say it's safe. we don't want to panic people. i'm not here to panic people. when we looked into it in lansing, we didn't get very good answers. we thought the safest thing to do was to get the lead out. >> we're not as safe as people assumed. what needs to happen? >> because we've done it in

lansing, we sent our crews over to flint. we begined a plan. the mayor designed a plan, we think it can be done with 30 degrees an $55 million. not $50 billion. $55 million. but there has to be an element of urgency that should be led by the governor. instead, what the governor is saying, i'll drink the water for a month. he'll drink filtered walter. he wants to do a publicity stunt are living with it. those lead pipes have got to go. >> i know this is an issue you've been active on for quite a while. you lost the governor's race in 2010. are you planning on running again? >> i'm not. and i've been meticulous about not attacking the governor. >> i don't care who is the governor. we replaced them. we cut the time and the money to replace these pipes. >> what's threating -- i know what trenching.

>> our people developed a tool. from trenching, you cut out the whole area. they dig a hole by the house. and they pull the led pipe out. and thread it through like you thread a needle. it's cut the time and the money in half. we can do it for $3,000 to $4,000 per home. it should be done. >> it should be done nationally. >> the infrastructure has to be replaced. out of sight, out of mind. it's coming back to haunt us. >> i encourage for people to find out where your water is coming from. >> you are impassioned about this. i am, too. i'm looking at getting water tested at my house. >> take care. >> you, too. now, here's a look at what's making news as we head into a

new week. v.w. will be writeling a 10 billion check. it buys book half a million vehicles that had rigged software. the number two automaker is working on repairing its tattered image. stocks fell on thursday, breaking a three-day winning streak, after closing at their highest levels the day area. the markets are mixed. this week, jobless claims fell to the fewest since 1973. it's a sign of strength for the jobs market. harriet tubman will be replacing andrew jackson on the $20 bill. no date on when the new note will be introduced. alexander hamilton remains

ensconced on the $10 bill. football season. is the game of football too risky for players of any age? and putting your savings on autopilot. taking out some of the guesswork of reaching your goals. but do they deliver results? as we head to break, look at how the stock market ended the week.

hard to belief but football season kicks off with the nfl draft. each year, there's more and more questions of the health and safety of the adults and kids that play the game, particularly

when it comes to brain injuries. mr. mckie, thank you very much for joining us today. >> it's my pleasure. >> you spent more than a decade studying brains of former nfl players. you found brain disease in 90 of the 94 players youooked at. how does repeated head trauma turn into brain disease. >> the trauma that doesn't even result in concussion, the trauma that is found on every play of the game, routinely, over time, it's a substantial amount of time, years of exposure to this mild head trauma, that leads to this deterioration that usually shows up years later. >> it's called cte. what's the symptoms? >> the symptoms can be varied. in the younger individuals in

their 20s and 30s, it's a change in the personality or behavior. they may become irritable, have a short fuse, become depressed. become violent. and in the older individuals, it looks a lot like alzheimer's disease. >> you think that football is too dangerous for young people to play. why young people in particular? >> the brains are still developing. they don't handle changes in blood flow easily. and kids who have a second impact, before a first impact has been recovered, will develop second impact syndrome. there's something about the youth brain we think is susceptible to damage from head trauma. >> there's a group of former nfl players suing riddell. can any helmet protect the

brain? >> helmets have prevented hudden death in football. but they weren't designed for the injuries that occur with concussion. i think helmets can be devised that will improove a player's reaction to this forces. >> beyond football, about risks in other sports, such as hockey, soccer. >> other active that causes head impacts are at risk. ice hockey, rugby. but very occasionally in baseball and basketball. it depends on the number of injuries that these individuals sustain over a certain prolonged period of time. >> you think we're getting better at trying to prevent some of the injuries? >> i think we're getting better.

people are taking head injury seriously. the biggest problem is, we need to get the head, playing with the head out of all of the games. and for players of every sport to develop techniques and skill sets, strengthening their necks, to eliminate as much head contact as possible. this will take education with players and coaches and families. up next, "on the money." the strategy that promises to be a one size fits all solution for retirement savings. is it the right for you? and later, edible art. the business of crafting candy into eye-catching treats. friends coming over?

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if you are enrolled in a 401(k) at work, you may have a target date fund. it's a default for many workplace plans. but is this option the best one for your money and your future? joining us now is sharon epperson. what's the main purpose of these funds? and how do they work? >> a lot of people want a one size fits all approach. this is that. a mix of stocks and bonds. it gets less risky over time. people not sure where to put their money, it's a good way to figure out how to get into mutual funds but how do get into

the stock market. >> you want to be more invested in stacks. you want to shift to more bonds as you get older. >> as yu approach retirement, you want to know that is probleming. and you may forget. >> sounds like a good deal. what are the downside risks. >> there are downside risks. i need to point out how much it's grown. people don't realize, they may be in that because they haven't chose on the be in that. a lot of companies, the default option is to put you in a target date fund. you say when you want to retire. that's whooif we've seen the target funds balloon over the last few years. there's a lot of money there. when that happens, you're right. there may be some risks, downsides of people need to

understand, that when you put your money in a target day fund, it's not a guarantee. >> not like this is the money you're going to get. >> the year that is the target date of when you're going to retire, means different things to different companies. when you start to get conservative. it may be the year you're going to retire. you have to figure out. >> it varies greatly. you have to look into it. and taxes are a consideration. >> why is that? >> mostly, they're in 401(k)s, i.r.a.s. those are tax-advantages accounts. if you try to put that in a brokerage account, you're going to pay capital gains on that. pay attention to the fees. and you want someone who has had experience doing this.

and look to see whether that fits. >> there's no such thing as autopilot. >> not really. it is a valuable asset for people who have no idea where to begin. you do need to take control of your own financial future. >> thank you very much. up next, a look at the news for the week ahead. and tdelicious world of designe candy. a look at one procedure's sweet success.

here are the stories that may impact your money. lots of earnings this week. companies set to report include apple, facebook, exxon and twitter. on monday, new home sales for march. and primaries in connecticut, delaware, pennsylvania and rhode island. on wednesday, we'll see if the federal reserve will raise interest rates when the fed's open market committee meets. thursday, we look at the first quarter gdp. and for moms and dads, it is take your kids to work day. beauty is in the eye of the beholder. for one entrepreneur, that went believing the lingerie business behind for candy. our kate rogers has more on the sweet taste of success.

>> reporter: her candy is fine art with a wink and a nod. ♪ the creator of sweet saba has taken a high-brow approach to her license plate. do you find it relaxing or therapeutic to sit here and paint? >> i love it. >> he emigrated to canada from israel as a child and started experimenting in the kitchen. >> i am fascinated by the transformation of materials. baking was exciting to me because it was the fantasy of turning into something else. >> reporter: that fascination with fantasy helps jump-start her fashion career. including a fashion line that has some parallels. offering customers some things unexpected. as her business grew, she fell farther from the end product.

>> i wanted to get back to my radios of making art. i didn't have an art studio. i started to make small sculptures in my kitchen. and people started making orders. it grew to more and more orders. i was lacking at the opportunity and realized it was a business. >> from there, it was full speed ahead, being drawn to the idea of creating product from scratch again. >> the dream is to maintain as much of this part as you can. it becomes more and more business as you grow. >> today, she has made candy for the golden globes party, and adam sellman, a favorite designer of rihanna. and there's other unconventional clients. >> i got a call from worldwide wrestling. >> really? what did they want? >> they want a big, candy belt. it touches so many different kinds of people in so many different ways. >> for this candymaker, the

customer response is a sweet payoff. >> someone of any age and any demographic, any culture, can appreciate it and understand it. everywhere in the world, they have sugar. >> i'm kate rogers in nshg city. >> yes, they are fun. these things can cost as little as $5 or into the thousands of dollars for custom pieces. if you're wondering, tastes pretty good, too. that's the show for today. next week, how to invest like warren buffett. how the strategies he uses can help you with your savings, as well. have a great one. we'll see you next weekend. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm.

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was that a wild week or what? the gang is here at the nasdaq market site. they're going to try to make some sense of it. while they're getting ready, here's what's coming up. ♪ >> that sums up tech this week. but it's two names in particular that could really scare investors next week. plus -- ♪ freak out >> that's what traders think some stocks will do. which is poised to surge. and something remarkable is going to happen to the bull market next week. we'll tell you what that is and how you can