hi, everyone. welcome to "on the money." i'm becky quick. the fed says no to a giant bank. the economy may be doing better. what does it mean for your money? >> the man who built obamacare, said it will work fine. if you get your health care through your provider that may change. and science fiction becomes science fact. from the consumer to the hospital. how one company sees big profits ahead. taxes that you may not know about that could save you money. and "on the money" starts right now. >> announcer: this is america's number one financial news program "on the money." now becky quick. here is a look at what is making news as we head into a new week on the money.

the federal reserve got out the big red pen and wrote fail against citigroup's plan to raise dividends. it was part of the fed's stress test to determine how big banks would function under adverse conditions. citi90 days to resubmit. citistock plunged. stocks closed lower thursday. down for the fourth time in five sessions. nasdaq touched a new six week low. markets rebounded friday. america's economy is growing at a slightly faster pace than first thought. the gross domestic product, expanded at an annual rate of 2.6% for the fourth quarter. slightly above the 2.4%, previously reported. partly because of stronger consumer spending. and growth in home prices slowed in january. the price index compared to last year. in line with expectations. mark zuckerberg reached into facebook's wall it and bought a

scum p company for $2 billion. and makes glasses for gaming. the stock market doesn't seem to know which way to turn. small caps gifting hammered. the economy bay be doimay be do. what does it mean for your money? chief investment strategist, at research partners, also, the financial reporter at "the washington post." thank you both for being here. why don't we start talking the markets this week. s & p, 500, thursday. giving back all the gains for the year. jason, what does that mean? where are we headed for 2014? >> listen. market was up 32% in total returns last year. and, about 60% of that was multiple expansion, about 40% was earnings. natural that you have some digestive period where you, essentially -- back up the big gains you had last year. having said that i think earnings, we just saw in the gdp

report this past week. are at all time highs. it's not, not surprising to me, that it wouldn't be surprising if the market hits all time highs later this year. >> are you still looking for gains of 8%. 10%. what we heard at the beginning of the year? >> that is right. earnings will be up, 7%, 8%. forecasting. little multiple expantion. if interest rates stay very quiescent, low, which is likely. a pretty good guess. >> talk more about that. elan, what happens with the economy? where do you think we stand? a lot of things got messed up by weird weather patterns. what do you've expect gdp to be? >> i think the weather story is overblown. we saw pickup in consumer spending in february when the weather was bad. if the weather story was true, why would spending be of in february. i think it is going to be the summer before we have a real clear picture on the trajectory of the economy. for the fed purposes. what they do for interest rates.

what happens to asset purchases going forward. they want to make sure that they understand -- what the narrative is. that they're not just reacting to month to month movements. so they're going to be weight of until it is really going to be probably the, may, june, or july time frame. before we really know whether or not, the feds are hitting their targets for the year. >> let's talk about them. wea we need clean numbers. get back to reality. i spoke with larry lindsay. he had an interesting perspective. the fed could be wrong in terms of its economic growth forecast. if you don't get 3%. a problem for the markets. if you do get 3%. they raise rates faster than the market is anticipating. faster than they,a to this point. do either of the scenarios worry you? >> i think that first of all, the risk that they're overly optimistic. that's been the problem all along. the fed is constantly overshot in terms of its forecast. i think if there is any likelihood, one way or the other. on the down side. >> missing. >> the forecast on the downside.

exactly. the sense that the economy might pick up a little bit faster than the fed thought. you have to remember, they're not targeting gdp. they're looking at the labor market. if you are looking at 5 1/2% unemployment rate. could the fed hold off long from raising rates? >> i while before we get to 5.5%. bullish projections don't put it at 5.5%. the 2015 number may be later. >> if we raise rates. early 2015. we have time. more economic numbers. this is worrying abut th ing ii. what does the market do a year from now? >> dent waon't want to say you lose the. the backup in interest rates. thus far, completely in real terms. i think if the interest rates are backing up. forecasting, real gdp growth. that's good for the stock market. remember, ream rates, the entire movement, so far has been in

real terms. last year, ream ratel rates. the market hasn't had that much of a hard time. the real question i think is more about inflation. the market is expecting rates to normalize. but it is because inflation is becoming a problem. a big problem for the market. >> let's talk quickly about the -- the fed, smacking down city's plans. saying you can't buy back that much stock. you can't issue dividend in the way you would like. is the fed right? is it being overly aggressive. what do you think? >> the reaction to the mistakes that the fed made. ten years age which is, it is being, not, not cautious enough at that point. probably overly cautious. financials are becoming like to till tees. cheap utilities. utility sector trading at 17 times earnings. the financial sector is trading 14 times earnings. >> what do you think about the fed's move? >> i think that they have had criticism in the past over whether or not they could prevent another crisis from happening.

they didn't see the first one. if they had seen the first one. what could they do about it? do they have the tools to prevent it from happening. i think what you are seeing, the fed trying to show. we do have the muscle in order to, in order to make sure this didn't happen again. and these are the tools we'll fight the concern, financial instability that could arise in the future over the fact we had very low rates for a long time. >> thank you both. >> thank you. >> up next, we are on the money. the dead loon to soon up for health insurance under affordable care act is just days away. what one of the architects of obamacare thinks is going right? what's wrong wrong too. if you can dream it you can make it. inside three dimensional printing and the revolution it could bring to your house, health and your kids' school. right now as we head to a break. take a look at how the stock market ended the week.

>> four years after the passage of the landmark affordable care act, how will the course of health care reform impact your care and coverage. dr. zeke emanuel, author of "reinventing american health care how affordable care act will improve our tear blae complex, unjust, expensive, error prone system." doctor, thank you for being here. i think that is a pretty unambiguous title about how you feel about things. where do you think we stand right now? four years after passage of the aca, we are in a very good spot. the exchange is about to end. the first open enrollment, projections are by end of monday, we will have 6.5 million people enrolled, just off what was projected originally, and that is pretty good, considering for two months, the federal

exchange didn't work in there. some state exchanges that still aren't working. we have got, ak sthael grectual improvements in quality. hardly trumpeted. declines in hospital infection. decline in errors like early c sections that aren't for medical reasons. so, the, you know, quality has been improving. and then, cost has been flat for the last three years. matter of fact, people on medicare, medicaid have not seen real increases in their premiums. and so, i think we are in a very good spot. as i -- keep saying, that's no reason to go on to autopilot. say well are done. let's go home. we have a lot of hard work, left to be done. but, i think at the end of four years, you have to give the bill a positive grade. >> zeke, let me just pin you down on some numbers. i know it is still early to see a lot of these things. but that number of 6 to 6.5 million. insurers, say 15%, 20% haven't paid their premiums. don't know what the mix is in

terms of the old to young. we don't know a lot of things about, who, we're going to insure before, who got coverage. who got knocked out of the system. still lot of questions. we may not know the answers to some of the things for some years to come. >> but i think some of the questions are more important than others. the first, most important thing is, the fact that you have 6.5 million people. suggests there is pent up demand. people want insurance. they just haven't had a good way, affordable way of getting it. especially if they had any pre-existing condition. second, if we have between, 25%, 30% of the young people, which is, a proxy for healthy people. what you want in the pool. that is going to be enough to keep rates stable. most of the insurers were -- hedging their bets. had, had some premium built in. to their, to their rates. what that says to me is -- the whole idea of an exchange. operation of an exchange is workable. i think the fundamentals of the

exchange are sufficiently solid we can say this is going to work. let me get to a prediction you made in your book. by 20, 25. you expect the majority of employers, will no longer, big employers will no longer provide health care coverage for their employees. i talked to you, three, four years ago. that was my concern from the beginning. we half a massive, following of uninsured individuals. needs to be addressed. if you are somebody who liked your health care insurance it may not be there in the same form it was there before. that concerns me. >> first of all, the best argument against me on that is massachusetts. where they have had romney care now since 2006. and rather than have employers stop appropriate viedi providin employers offering more. i recognize and acknowledge that. making a prediction which i think if the exchanges become optimal, people like shopping in

them. young people buy so much online that they're going to be the wave that actually wants it. one of the reasons, employers offer that. i have to get insurance. give me a way of getting insurance through the employer. another alternative is that companies offer, private exchanges. they don't go on to the public exchange. the company is still offering the range of, choices. so, lots of variables here. and i think, in jen ram -- what people should like about that, that, my prediction is they're going to have a lot more choice. one of the problems is that most people -- who work for an emply year who giv employer gives them a choice. you take it or you leave it. >> i like my insurance. so do the union members. concerned about the affordable care act for this reason. >> they have, bargaining. and they're probably going to be the last. >> right. >> all the more unfair.

they're big, they have a big contingency. they have been able ate -- negotiate around the rules. >> don't think exemptions around the rules. they negotiate with the employers, depending on how valuable they think this is. they put it at the top of their list. they put it further down. >> would you agree. the assessment. there are some who are unhappy. had cadillac plans. getting tax benefits of cadillac plans. they're going to wind up paying more to get the same benefits they have right now? >> remember, tax benefits from the cadillac plans means the rest of us are paying for it. and i think -- as a matter of fairness, that is a very big question. >> the question of quality. there will be some people who are happy and some people who aren't? >> well, look, let's face it. there is no public policy in the world that is going to make everyone better off. tend to be that, as jonathan cohen of new republic pointed out. people complaining loudest are

well off and healthy currently. and, what we really want is a health care system that keeps, takes care of people who are sick, and that provides protection for awful us in case we get sick. >> all right, zeke. thank you for joining us. and i hope to continue this conversation with you. one we will be tracking for several years. >> no problem. >> dr. emmanuel, thank you. >> next on the money. turning science fiction in to reality.

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>> it is the next industrial revolution. one that could take place in your hand, 3 d printing. turning ideas into objects. could be driving that trend. and ceo and founder of maker-bot industries, and thank you for being here. >> good to be here. >> i first started hearing about the things. 8 to 10 years ago. thought the idea was crazy. how did this thing work. i heard about it. juaned one. wanted one. i had to make one. >> how much? >> $100,000. get one now for $1,400. off awe let's look what this is doing. creating a piece of jewelry right now. >> what we have got here. on the back we have the material which kind of look a big -- long spool of spaghetti. >> yeah, material made from, made from corn. so it is, it's great. renewable bioplastic. and it is feeding through the tube into, what's basically a

super advanced hot glue gun. it draws in the hot glue gun. and draws layer upon layer. when it is all done. we will have a bracelet for you here. >> a fun, cool application. what are serious applications that they can beep used for. >> just had a story. doctor used it before a surgery for a boy, had a heart defect. going to have how to do open heart surgery. before he cut into the boy. he printed out a model from a scan of the boy's heart. put it in three parts. he could really see what was going on before he went in and did the surgery. stuff look that. >> as a result it meant that the 14-month-old was on the operating taenl for less time. his heart, chest was open for less time. >> they say it probably saved his life. >> why don't we take a look at a few things you brought here. i really like. a frog who has -- all of the organs and pieces in here.

we have a program. where we are on a mission to put a maker-bot, and great courku curriculum for teachers to use. we will make a replacement frog you can print out on your maker-bot. game of operation. >> i remember formaldehyde. grossed me out. the other thing, i like, the house you brought? >> this is great. this is architects, see them and see the price point. they buy them up. this is, an old sears order from a catalog house. and it allows architects to design things. show their customers what it is going to look like. better than showing somebody a drawing. >> would have liked to have seen this when we did renovations on our house. cool. >> how many of these things exist. how many are out there? >> coming of on, more than 40,000. less than 50,000 in the wild. and, things are really ticking

up. at a quick rate. we launched three, 3 d printers. a small one. medium one. large one. we have options for the consumer, prosumer and industrial strength. >> jewelry. bracelet, going for about -- 12 to 14 minutes. all most done. i can take it out and wear it. great that way. make something. send it over. makes it for you. >> want to thank you for coming in and sharing it. >> great to be on the show. thank you for having me. >> by the way, this is the bracelet. up next, a look at the news this week that will have an impact on the money. whether you make a little or a lot. five deductions anybody can claim. might surprise you what you have been missing out on.

for more on our show and our guests. go off to the website -- you can follow us on twitter@onthemoney. >>sters th stories coming up -- apple and samsung return to the courtroom to are gu ovgue a pat dispute. tuesday, april fool's day. and motor vehicle sales for march. >> gm, ceo, testifying before congress about the automaker's recall. >> thursday, google will split its stock, offering nonvoting class c shares. friday, the big number everyone is watching. the jobs report for the month of

march. let's see, talking april 15th. the date is coming up quickly. are you sure you are taking every deduction possible. sharon epperson joins us with five days to save on your tax bill no matter your income. great to see you. >> great to be here. tax time. >> tax time. things you are thinking of. what do we forget to think of? >> often, a lot of people think deductions we hear of won't be able to take advantage. do we make too much money. we are seeing itemized deductions phased out. some deductions everyone can take advantage of if they apply to you. one is deducting moving expenses. change jobs. just started your first job. moved to a job. usually, out of statement. you can deduct moving expenses. something that people want to consider. and the other thing they don't consider. yes, we had a good year. in the stock market. 2013. you may have a capital loss dedd deducti deduction. or a big loss in a prior year that you need to carry over. so that is something that you can take advantage of, up to

$3,000. >> and more than 30% mail. not occur. you have things you could write off. >> exactly. you can carry that over, for a couple years. want to kid that if you have had big losses in previous years. one thing i never new. my accountant this year told me i can do a sep, ira. i listened. followed him. what is it? >> simplified employee pension plan. and the reason why this is such a great thing for self employed people is that you can put up, 20% of yourself employment income into a sep, ira, up to $51,000. you can put in a lot of yourself employment income into the sep, ira. great tool for small business owners as well. sole proprietors. those self employed doing freelance work, contract work. >> talking health care. one thing people forget is the health care savings.

>> health care savings account. >> another way tax deductible way to save money on your taxes. something you can dupe for to fp and hsa. fund it by april 13th. this year. next year. significant amount of money you can putten there for yourself or family. >> serious bucks. not minor things. worth the hassle. >> exactly. >> thank you so much. sharon epperson. that is our show for today. i'm becky quick. thank you for joining us. each week, keep it here. we're "on the money." i will see you next weekend!

>> gwynneth conscious uncoupling from her husband. hi everybody. welcome to "access hollywood". this is the weekend edition. i'm shau shaun. after rumor of cheating what really happened to break up gwynneth and chris martin? billy and kit are on the case. >> we which is a person who is going to trigger all our stuff in a way. so you have, it's always a complicated arrangement. >> one weak you are divorced next week the band is broken u up. it's terrible. >> are you concerned about tha that? >> a polite response