hi, everyone, welcome to "on the money. i'm becky quick. the new law that makes homeowners and buyers do something they may not want to big brother or money saving idea emotional i.q. what is it, why you need it and why it matters to business and workers. interest rates are creeping up that means a better you for your cash where you can find up to 10 times what your bank may be paying we have not one, but two amazing houses to check out. kevin costner's "field of dreams" and how shaq can hoop it up inside his florida digs "on the money" starts right now. >> this is on the money, your

life, your future. now becky quick. >> on this winter weekend we begin with the sun a new california law will soon require solar power on all new homes. up on the roof is this week's cover story. aditi roy has more. >> reporter: construction crews are buzzing at this new home community in san ramon, california they're working for home builder, lennar. >> it's a beautiful community. we like the new construction we like that the home comes with wi-fi and certification. >> sanjay will soon be moving into the neighborhood. he is also excited about a feature you can't see inside the home rooftop solar panels >> how long does it take to put that in? >> this is probably an hour job or so. just to thread all this through. >> chris reitinger is with solar company sunstreet, which is installing the panels. >> we're building these homes from the rooftop down.

>> lennar founded sunstreet in 2010 as a way to increase its solar footprint. for the last five years, all of the builders new homes in california have solar panels >> we thought it was important to focus on environmental sensitivity. >> that notion will soon be the law. starting in 2020, all new homes constructed in california will be required to have solar panels that could come at a cost to home buyers who would pay an extra $10,000 up front for the solar panels officials estimate that homeowners would save $19,000 over the course of a 30 year mortgage for some consumers, the sticker shock of the up front cost is a bit unsettling not to mention feeling forced to buy a feature they didn't ask for in the first place >> i almost got apprehensive about it we live in a free society. someone's telling me i have to have solar in the home

>> once he did the math, he estimated the monthly energy savings could be as high as $200 a month. making the purchase a no-brainer. >> the solar is the icing on the cake >> how many homes in this community? >> this community is about 250 homes. >> the scale of the communities they're building creates efficiencies of scale. in other words, lennar officials say they can put the panels in place, without a meaningful increase in construction time and money. >> we basically engineered the product that is cost neutral to our customer >> for that reason, he has a sunny outlook for his new home, even on the cloudiest of days. >> the social impact that you can contribute to by having a solar system on your home, nothing beats that >> the new homes built under these standards would use about half the energy of homes built under the previous standards set in 2016. some of the proponents of the california solar requirement also brought up utilities and the recent wildfires in the state.

pointing out that solar panels and batteries could help people who face extended power outages from natural disasters aditi. it sounds like a great idea and it's good for the environment. what are the critics saying about all of this? >> becky there's no doubt that the housing crisis really factor into all of this with a lot of lower and middle income workers being priced out of the market entirely a lot of critics say a requirement like this adds to the burden, that's definitely one of the criticisms of this new requirement. >> thank you very much >> how will california's new role requiring solar panels impact new home buyers danielle hale is a chief economist at realtor.com danielle, thank you for being here today >> my pleasure >> $10,000 up front, that's a pretty big stick shock >> it is $8,000 to $12,000.

if you think about it at current mortgage rates, it's not a huge cost so maybe $40 to $60 a month. when you factor in the monthly savings, it may not be all that bad. it depends on how much energy you're going to be using in the home but it may be tough to pay that up front cost. >> i think about the number of americans who are living paycheck to paycheck or having a tough time saving up any money at all does this mean the dream of the american home is going to be out of reach for more people >> in california, we've really struggled to see home building so we have not enough homes available for sale, relative to the number of people who want to buy them, especially in the affordable site of the market. the number of homes priced under $200,000 is down almost 60% from the past three years at the same time, homes over 750,000 are down just 5% it's a different perspective, depending on whether you're looking for affordable homes or pricier homes.

>> what do you think the impact is on affordable homes >> i think it's already difficult, we see, like i said, the market is down 60% it's difficult for builders to build, i think that's going to exacerbate that problem. >> in terms of the solar panels, if it's over the cost of 30 years, it may save you significant money. maybe $20,000. is that a fair trade >> i think about the eye of the buyer. so we'll see buyers out in the market they'll have to determine whether it's worth it to them. but i think with having being so short in california. we're going to see a lot of buyers finding it's worth it for them >> what are the states is this a function where it's popular? are any other states going to follow california's lead and make it mandatory. >> we look at solar panels without the requirement in place, and out of our top ten markets. eight of them are in california, and two of them are in arizona sunbelts, california, arizona, that's where we see a lot of solar panels

as far as weather, others may follow california's lead i think we're going to -- it's going to take a couple years before people see how the ramifications play out >> beyond solar panels, what sort of green improvements are buyers in the market looking for right now. >> so we find that they're looking for programmable thermostats, energy efficiency ratings, such as an energy star home other features that are going to save them money in the long run. things that save money in the other months >> spring season, buying season is about to begin. what's the state of the housing market right now >> it's a mixed bag in the housing market right now we're seeing more homes come available for sale, it's definitely a positive, we've seen mortgage rates not rise as much as we had expected. they're actually relatively lower than what we expected them to be at this point. the tough thing about the more homes available for sale

they're typically in the pricier markets and at the pricier end of the spectrum. lots of homes available for sale it may be tough to be a first time or entry level buyer in the market right now >> thank you for your time >> happy to talk to you. >> good to see you, danielle him. we're on the money do you have a high eq? how your emotional skills are becoming even more important in the workplace. savers are finally getting rewarded how to cash in on rising rates right now, let's take a look at how the stock market ended the week

>> the workplace can be a pressure cooker. susan packard is co-founder and author of "full willy human. three steps to grow our emotional fitness at work and in life thanks for being here. a lot of people have heard of eq what is it for those who haven't. >> it is basically two things. it's your ability to manag your own emotions and your ability to read other people's emotions and respond effectively to them. >> is it intuitive is it something we learn are there some people that are much better at it that other people >> yes to all of those some people are naturally better especially people who have a lot of empathy you can learn how to be better at it. >> why is it important for managers why is it important for all employees? >> it's important for managers, because they need to be more accessible to their folks. more open, more accessible

more open, more accessible that's how people respond to you as a human being unfortunately, and i cited some of this research managers had the lowest eq of all levels in the organization because they're not. they remove themselves you needs to consider things like am i in the right job for me in terms of current of the place. >> sure. >> right >> how do i relate to everyone here they help you with your own peace of mind. >> managers have the least eq. is that something that happens once they become managers? it's almost like it's counter intuitive. if you're bad at this, you're going to succeed in the workplace. do you get so bad at eq because you're so busy and overwhelmed >> the middle level managers

have the highest so presumably at some point they had high eq. they eventually get to that place where they're just focused on so many other things that have nothing to do with their employees. >> is there a retribution? if you're a top manager who's not good at this >> absolutely. >> how does this come back to haunt you? >> the good news about the younger generation of workers, they don't put up with it. i mean, they want to be -- they want their leadership to be relatable likeable somebody who will model for them if they don't have that, then it's no good >> how do i improve my iq? eq >> read the book it's everything from gaining a little more self-awareness to how you interact with other people and how you carry

yourself it's all of these things whether you pause, when you talk to people whether you say thank you. it's the little things and the big things >> in a world of telecommuting or working from home, whatever we call it these days, is it more difficult to have these relationships? >> it is it's important if they have remote workforces they bring them into the setting that's the gathering place. we all need belonging. it's all part of how we're made. >> thank you so much i appreciate your time >> the book is called "fully human. three steps to improve your fitness leadership >> he we have the best places to stash your cash and, no, it is not under the mattress >> thinking about moving south this home is a slam dunk we mean that literally inside shaq's 22 million dollar estate you.

all of you. how you live, what you love.

that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. as interest rates continue their slow and steady climb. savers are finally getting reor warded how to find the best rate. senior personal finance correspondent sharon epperson. sharon, it's great to see you. what can i get right now >> can you imagine that the stock market may be getting a run for its money from something like cash? >> no. it's been over a decade. >> i know, when you look at interest rates climbing. yes, people are concerned about credit rates going up and up

if you're a saver, you're ecstatic, you're looking at savings account rates we have not seen in such a long time >> like what are we talking about? >> 2.5%. >> it sounds like nothing. >> better than inflation and in 2018 it beat the market so it's actually a good place, if you need to stash some cash, can you actually make money on it now, and this is what you want to do is you want to look at the annual percentage yield that's the amount of money the bank is paying you to keep your money there. that compounded over time can be significant. if you go to your local bank down the street, you may not get that the average for fdc is 1/10th of a percent. >> what? >> you probably need to go to an online bank. go to bank rate, nerd wallet,

magnify money. they can show you fdic insured banks that have rates right now. >> no bank is going to come up and raise your interest rates. >> you're looking at a savings account rate of 2 1/4% in five years, that money is almost $5600 >> wow just sitting there doing nothing. >> exactly if you want to tie it up even longer where you're not going to be able to have access to it for those five years, you can get more and we're talking about topping $5800. >> the good news is this is -- you think, how can you get ten times your money there's no such thing as a free lunch. in this case, it is the case >> a couple caveats to look out for. make sure there's no minimum balance. that can have an impact on what -- if you're going to get that rate. the fine print is always interesting. can you do withdrawals from this account.

those could get fees attached to it, if the requirements are not to get the best rate so look they fine print. search online for these sites that are going to give you well over 2%, and switch your savings. make some money on that savings. >> good advice it's real money, it's sitting there, so take it. >> savers market >> sharon, thank you very much >> sure. >> sharon epperson, up next on the money, a look at the news for the week ahead and we'll take a tour of kevin costner's aspen estate complete with its own field of dreams

here are the stories coming up that may affect your money this week. on monday the market is closed, it's president's day on wednesday we'll get the minutes from the federal reserve's latest open market committee meeting. and then on thursday, we'll see how consumers are fairing with the durable goods report those are items that are intended to last for the last three years. cheers, everybody, look out for deals at the bar, friday is national margarita day kevin costner and shaquille o'neal no, they are not starring in a movie together, but they're looking to make a deal in real estate first we go to beautiful aspen, colorado.

>> this 160 acre estate in aspen is the home of academy award winner kevin costner and his wife christine who got married here in 2004 the colorado compound is designed for entertaining. with three homes that sleep 34 guests the main residence has room for 16 costner's friend and listing agent is giving us the vip tour. first stop, kevin's master suite with a subterranean surprise >> a trapdoor, hidden. takes you to a special part of the house. and let me show you where it leads to and here you have a jacuzzi with

a touch of a button, you have a waterfall. >> next stop, the lake house with room for 12 more friends and plenty of water sports to entertain them year round. >> there are two lakes on the property stocked with trophy trout, canoes, paddle boards, you can even ice fish in the winter. >> this cottage for eight sits right on the edge of the roaring fork river >> this is the river house, and it's the costner's favorite part of the property. it's the perfect place to hangouts >> costner fans may prefer to hang out here, at the actor's personal field of dreams >> if you build it, he will come >> the costner's love to play baseball, and they built this with lights and music. if you rent this property, you can play day or night. >> his new dream about running these bases yourself the entire estate is available for rent price tag, $250,000 per week >> you really have to see it for yourself, it's so special.

next we're going to go even bigger, to the home of one of the best and biggest players in nba history. >> this lakefront mega mansion just outside of orlando is the home of nba legend shaquille o'neal everything inside the sprawling 31,000 square foot estate is giant sized and superman themed. the athlete has a hero's sized bed that's 15 feet wide. a cigar room and a truck built into the wall with a giant fish tank inside. the mvp's home also includes a basketball court with even more man of steel markings when it's time to cool off after a game the three acre estate has a 95 foot pool, a lake, and a 95 foot superhero standing at the dock the price tag, just under $22

million. let's put that into perspective. shaq paid almost $4 million for the house in 1993, it had been listed for 28 million. he cut the price to 22, but that's still a gain of 18 if he sells it >> back to kevin costner's place, i was trying to do the math on that too a place for 16, 12, 28 people in the compound $250,000 a week. that's some pretty big change. >> 250 grand that's less than is,000 and change per night getting a hotel room in aspen for 1200 a night is almost impossible >> yeah, but -- >> that's the question, finding 27 other people. >> that you want to hang out with for a week. >> a question whether the celebrity premium actually helps the house. we found it doesn't help the price. >> really? >> no. >> how can it not? who pays that much money for -- >> people, when they buy a

house, they're buying a house. the celebrity sort of doesn't help the house >> what about celebrity current if you're renting it >> if you're renting it. >> i'm sleeping in kevin costner's bed. ha, ha, a little freaky. >> robert, thank you >> thank you >> that's the show for today i'm becky quick. thank you so much for joining us next week, get the scoop on how this viral video helped launch a food business. wait a second. wait for it, wait for it, wait for it each week, keep it right here, we're on the money, have a great one and we'll see you next weekend.

hey there. live in times square look who stuck around for "options action" we have a big show on deck here's what's coming up. >> stocks are flying high. but dan nathan says there's one stock that may have run a little too far too fast he'll break it down. plus, video game stocks have been glitching, but mike khouw says there's one name that is about to re-up online. he'll tell us what that is and later, it's the ultimate tag team