. hi, everybody. welcome to "on the money." we're on the road just outside of charlotte, north carolina where a new law is taking center stage. he came close to winning "american idol" and a seat for congress. clay aiken is anything but quiet about the new law.

>> some people give you weird looks when you come out of your bus or tiny house or what have you. this is "on the money." we begin with the controversial new law in north carolina called hb 2, but there is an important story behind the letters and numbers. the impact is being felt way beyond the tar heel state. that is our cover story today. >> and prohibits discrimination. and then on a single day in march, the legislature passed and the governor signed a new law overturning the charlotte civil rights statute. the first part requires

bathrooms in public restrooms by the gender they were born as. more than 140 corporate ceo signed a letter to the governor. and plans to invest $3.6 million to open a global organization center that would have created 400,000 jobs. they are calling it a big bluff. >> all of these things, the same cast of characters, louis still in business. >> joining us now is clay aiken. he ran as a democratic in 2014. he is a native of north carolina and a graduate of unc charlotte.

"celebrity apprentice" and "american idol." what did you think of the move? >> i think everybody was disappointed in it, it is discriminatory, but but it was done under the cloak of night. something that legislatures came back in the personal session for. and snuck in to the state books. and was not only disappointing, but it was surprising and frustrating. >> are there any impacts that could change the law? >> unfortunately the governor can change the law, i think he is the only politician in the station that is in the position to be swayed. they have gerrymandered themselves into such safe

about that type of pressure from their constituents. so i'm hopeful that the business community will cannot put put on that pressure. but i'm not convinced at this point they have the foresight to worry about something like that. >> when municipalities made moves like this, it didn't get much of a backlash from the corporate community. do you think this push back is an altruistic move? >> i think it is, it is also a business mauve. they don't want to be working or asking people to come work in a state like north carolina where they might be kicked out of their apartment or their home because they're gay. they might not have the same rights as they would if they went to another state. i think that is incredibly

>> did you expect such a loud national backlash? >> he saw what happened in indiana. he knew what was going on with the governor. he did not give time for the state and business community to read over the bill. i think it was a big fiscal miskal -- miskal -- -- i'm not convinced that even donald trump knows who is running today, i think the phenomenon is powerful and it is something he needs to pay attention to.

of the republican electorate. i'm not convinces he believes everything he is saying. >> american idol airs it's last show after 15 seasons. what do youhink about the evolution of the show, and american culture more broadly? >> i was on the final episode this week, and i was moved at the very beginning. he talked about how much idol has really made the torns of voting evident to a lot of people. and i think if there is anything that idol has done, it is allow the people at home in helping make people's dreams come true. i think that is something that people in politics need to take note of. they need to give people opportunity they don't have.

idol for so many areas. >> now here is a look at what is making news. as we go into a new week "on the money." america's economy is on a solid course. those words from janet yellin. she says the labor market is near full strength, and the fed is on track for future right hikes. the do you followed the falling price of oil. and stocks rebounded on friday. a new power house airline on the west coast. it will be the fifth largest in the country. even though it won't be out until the end of 2017, tesla's model 3 that will sell for about $35,000 appears to be a big success before the car is even out.

for the all electric car. this week, we're coming to you from the brand new ed head quarters. we introduced you to former nfl player and ceo casey crawford. heed this company with a simple google search. >> he was not drafted, and then he was cut. crawford started to flip homes when he was still playing football. he wanted to build a mortgage business, but he didn't know

>> jump on google and start a company. >> just before the mortgage christ crisis hit. now it is an $8 billion business. >> up next, on the money. charlotte is the second fastest growing city in the united states and home to the largest utility. we'll ask duke energy's ceo what is powering the growth surge. and now new rules on the way to try to change that. right now as we thoed a break, take a look at how the stock market ended the week. jake reese, "

jake reese, " day to feel alive" you show up. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills and living trusts. so when you're ready, start with us. doing the right thing has never been easier.

we are here in the rapidly growing charlotte area, and powering that growth in the area is duke energy. lynn good is the president and ceo and number 13 on the most powerful women in business list. here in north carolina, 40% of the power that you're generating is coming from luke lar? >> newtologies are an important part of our business and impacting our industry. and we have been gas and renewables. one of the great things is that we have nuclear -- it comes from

pursuing extension of licenses, it that is popular. if we look ahead, one of the considerations that impacted new nuclear is natural gas because of the low cost natural gas. the economics of new nuclear is something you have to look carefully at. it's a long term investment. you have to be really confident before you again a process. hoping it's a great technology for 50 or 60 years. >> let's talk about solar. you recently opened a huge solar generating farm as well, too. people think this is great, where are the up sides and downsides? >> sow lar is an important resource. it is available of course when the sun vines. we see it as being increasingly

so putting solar with a compliment of hydro and nuclear and natural gas and coal makes a mort folio that our customers can rely on for affordable power. >> the question then is how to store some of that with batteries. >> duke is a leader and looking at battery technology, piloting battery technology throughout our system, but the cost effectiveness, and the ability to scale battery technology is the challenge that we face. i think it will be incremental overtime astology continues to improve. >> smers in north carolina, south carolina, florida, illinois, kentucky, how are your customers doing right now?

in power, has been slowing for some time, becky. so there has been a nice rebound and a number of industries, but we're still not selling as much as we did in that peek period. i don't think it's all that bad. industry and residential customers care deeply about it. it's part of that equation. every heating and air-conditioning system, so that is something that i think is an well. >> thank you very much for joining us today. pleasure. up next, we're "on the money." major changes on the way for anyone with an ira. we'll tell you the details and what you need to know, next. later, the tiny home trend is getting big, especially in north carolina.

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there are big changes coming when it comes to your retirement money if will save americans millions of dollars, it has to do with the type of advice you get from your final professional. sharon, what kind of changes are we talking about for your retirement money? >> we're talking about $24 trillion in american retirement savings. that will be the money most effected. right now the obama administration is saying if you have an advisory, they're going to have to make sure they have your best interest in mind.

what is called a fiduciary standard and it will make sure they uphold that standard. a lot of advisors today, investment or advisors or investment -- not all of them follow that standard. many of them only have to recognize what is suitable. so now they're going to be held to a higher standard, and if there is a conflict of interest, they'll have to tell you about that up front. >> that seems like pretty basic stuff. how do i know if my money is being effected by the changes? >> a lot of people just assume they always have their best interest at heart, but if you have a traditional or roth ira, if you're using a financial professional, they have to

make sure there is no conflict of interest. >> what what. >> craig: you do in the meantime while we wait for the rule to go into effect? >> there are things cow can take care of yourself right now. what is your advisor doing in terms. you can check them out, investment dvisories registered with the secures and exchange rule. >> now some of the boutiques and smaller brokerage firms are going to have an effect, but there are studies that have shown that they knew this was coming down the part-time, they will be ready and they are still

to advise you on your retirement savings. up next, a look at the week ahead. and the growing trend of tiny houses. the reason that people are going small. >> in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support.

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. here is a story coming thaup may impact your money this week.

reports from jp morgan, wells fargo, and citi group. well as also be getting a read on the consumer with sales from march. they will release t beige book, and nba star kobe bryant will play his final game on wednesday. on thursday, the consumer price index for march comes out. the tiny house trend is surging. tyny house owners shared their homes and their ideas. >> even when you're talking tyny, size matters. tiny homeowners share some similar vows, the designs of their tiny structures are all their own.

these houses like we have here, the conference, things just click. >> i lived here 20 years. >> she built her home for just 200. there's no room for a fridge, so she uses a clay pot to cool her food. >> inside i have yogurt and choose right now. >> the inspiration right now was growing up with hoarders, and it makes you think small. >> it doesn't necessarily make your life happy, for me happiness is being able to go where i want and do what i want because i'm not attached. >> it is 110 gallon horse trough that we got.

buss into their home for about 17,000. it is one eighth the side of their last home. >> the effort and time it took to maintain the large house, and we had things we didn't necessarily need. >> and for the mcmansions of tooeny, they measure in at 340 square feet. this one will house a family of three. a tiny headquarters for their fitness business after paying off a not so tiny price tag, they will save hundreds of dollars a month in rent. >> you can take that money and put it into something discuss tom for you. i think it is something that will really pay off. >> home office and triples as a gym. living tiny can mean living large. >> it is generally defined as under 500 square feet. compare that to the typical

five times that. it cost an average $23,000 to build a tiny home, and 68% do not have a mortgage. less than a third of typical homeowners can say that. this is according to tinylife.com. the trend is getting bigger, but not the houses. >> i understand the big backlash to the megamansions that were being built up before the recession, but to not have a refrigerator, are they as whacky as the houses look. >> some are over he top, could i put all of my food into a clay pot, absolutely nop. but it is all about intentional living. they want to reduce their carbon footprint. houses are the biggest waster of energy, they're empty half of

>> i would have a long way to go before i could get used to that. that is it for today. i appreciate you joining us. thank you for being here, make sure you join us next week when if you're waiting for the best time to sell your house, we'll . coming up next on "today in new york," it's a cold, cold wakeup this morning. windchills in the 20s. what you need to know about the spring chill. it's an all-out battle for the big apple. democrats scour the area for votes ahead of the primary. we'll have a check of your cold sunday forecast, i'm pat battle. i'm lynda baquero. "today in new york" your sunday edition is coming up next. of course... are you? nope animated you know i'm always looking for real honey for honey nut

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now on "today in new york," freezing temperatures across our area that could cause some problems on the roadwa . we'll tell you what you need to know in the forecast. plus, candidates keeping their eyes on the big apple where presidential hopefuls are focusing their efforts a heftd primary next week. bill de blasio's campaign fund leads to donors.