. >> sharon epperson is here with more, so sharon, what exactly is this going to change in terms of the advice that your adviser can give you? >> well, a lot of people don't believe and didn't know that their adviser doesn't necessarily have to give them advice that's in their best interests. and that does not just make them a profit. now all advisers that are working on your retirement accounts have to follow this new conflict of interest rule called the fiduciary standard and have to put their clients' best interests ahead of their own profits. right now advisers who can include brokers, insurance agents, they are able to use the suitability standard which says if it's suitable and meets your financial goals, that's okay. it could be a commission-based product that has higher fees than something that may be less e and could work for your portfolio. your retirement account, ira, traditional or roth ira, money you're moving from your 401(k) to your ira, if you're using a professional to advise you, make recommendations on what you should do with that money, they need to follow that fidu

i'm sharon epperson. >> i'm bill griff fits. have a great evening. we'll see you tomorrow. >> from right here. >> yes. ♪ announcer: a kqed television production. sbrocco: and everybody say, "opa!" all: opa!

. >> i'm sharon epperson in for sue herera. >>> we begin with oil. in a high-stakes meeting this weekend in doha apotentials from the world's biggest oil producers are gathering for what some call one of the most important discussions in recent memory. the goal, to reach an agreement that would limit output. if that happens it would be the first step in carbon production that has resulted in a glut of oil worldwide. has thrown companies into bankruptcy. as brian selvin reports, reaching a deal won't be easy. >> reporter: a global game of political intrigue with hundreds of billions in oil dollars on the line. major oil-producing nations gathering in doha, qatar, sunday to try to win a deal to stabilize or possibly even cut global oil production. the world is still producing 1 million barrels per day more than it needs. even with american output falling this year. ful the countries attending the meeting face a catch-22. they desperately need higher prices to fill their budget holes but they cannot risk slowing production because they need every dollar

. >> we met officer epperson at the kern valley state prison in california.d a baton, he's the lone officer responsible for supervising the inmate kitchen staff. >> i have six, seven inmates back here now. i've got one sitting on the line. granted, i got four, five cops outside that door. that door's locked. there's only one dude out there with the key. you have to trust them to a certain extent. they have no reason to assault me. unless they're totally pissed off or i disrespect them. >> among the inmates epperson places his trust in is the number two cook, carter hill. >> tell me what your sentence is. >> murder. >> you're here for murder? what's your sentence? >> 51 to life. >> you know, it's interesting. sometimes there's this dynamic in prison when you're interviewing somebody, if there's a corrections officer and an inmate together, they'll pretty much watch their ps and qs. they'll tell you into the camera what the other guy wants to hear. but when we met carter hill, we got some real brutal honesty that day in the kitchen. >> i don't know if y'all are

i'm sharon epperson. >> i'm bill griff fits. have a great evening. we'll see you tomorrow. >> from right here. >> yes. welcome to antiques roadshow, this week from minneapolis, minnesota. man: i've got to say, it's been schlepped. i pulled it up from the basement today. it's been kind of disrespected. oh, dear. i just thought it was ugly. wow, who knew? laying in the bottom of the bag. ready to see what treasures floated spirits here in the city of lakes? stay tuned. now, the people who make antiques roadshow possible. (birds chirping) mom!

. >>> coming up on the "today" show, it's sharon epperson with deduction tips for the season's i've got to pay >> money saving monday. do you ant to know how to get discounts at the supermarket? >> yes, indeed. would you like to get paid for walking into a store. >> yes. how about awards for free stuff. >> yes, yes, yes. >> we've got free apps to download. >> here to show us how to make a good frugal living is frugal living expert. >> hi, how are you? everybody wants to save money. >> absolutely. headlines we should fall under. one is price matching we would all love to do. you go to a store and see something and say, boy, i wonder if that's cheaper someplace else. >> a lot of easy apps to use. one of my favorite is flipp apps, f-l-i-p-p. it has all the grocery store flyers, all the flyers in your area, take them to stores. instead of multipl stores, search within the app. sene the per deal, show it at the register at walmart. they will price match and you don't have to run around. >> do they all price match or say go get it. depends on the store. walmart, target, some home improvement.

i'm sharon epperson. get all your business news on cnbc. >> announcer: now your nbc first alert weather with meteorologist, a parveen. >> good morning. a chilly start, even patchy frost if you're about to walk outside. if so you might want the light jacket. not this afternoon. we have your neighborhood weather, by the way, if you haven't noticed it yet. your seven-day forecast is scrolling at the bottom of the screen no matter where you live in pennsylvania, new jersey or delaware. your seven day, you're never going to miss this, always at the bottom. aside from that, more specifics on your forecast. so we took your feedback. we're narrowing it down to neighborhoods and townships in different cities and able to give you your forecast hour by hour. a warming trend, a little warmer than yesterday. a live look out at cape may right now. clear skies and most of the area sitting right around 40 degrees. our pennsylvania suburbs in the mid-30s, even parts of new jersey still. as we go through the afternoon, we'

i'm sharon epperson. get all your business news on cnbc. >>> now to weather news. 17 minutes after 6:00 on sunday. we've got our neighborhood weather with meteorologist sheena parveen. sheena, you're in on a sunday? >> yes, i'm in on sunday because i love the neighborhood weather so much. actually, it's a lot of fun. we can interact with this giant monitor on the touchscreen and narrow into your area. viewers had a lot to say about not being as specific. seeing county and city names and neighborhood. we have that for you now. aside from that we have multiple seven-day. pennsylvania, very different in the area. if you're along the shore, cool, ocean temperature at night. maybe not so cool, farther inland. very different weather. that's why we're doing this, to be more specific. as we go into the weekend -- sunday, it's already the weekend. as we go through this, it's going to be beautiful. we have a warming trend continue. a live look at center city, so skies are clear. we're seeing sunshine, philadelphia

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

sharon epperson is here to hold our hand. if you're starting today, what should you do? >> or if you started yesterday like some people sitting across from you. this is what you should do. start gathering as much information as you can. all the documents you can. your w-2s, all the income that's come in. your 1099 forms and look at also the income statements that you're getting from brokerage firms and banks in terms of dividends income. don't forget those. very important to collect those for income adjustment. then find any receipts. a lot of us are doing stuff online. you can print out the credit card statement, year end summaries from your bank or credit card company to make sure you have the receipts. if you have already paid taxes then you want to have documents that show that you've paid the taxes. >> if you are ready, do you file electronically or by snail mail? >> if you can. try to file electronically. the irs says it's the best way to make sure tho you don't have as many errors. if you're owed a refund, you'll get it faster if you file electronically and reques

sharon epperson joins us now. >> a lot of people are taking classes to reinvent themselves in their career to stay fresh with job skills, graphic design, maybe learning another language. you could get a $2,000 credit your taxes for taking the classes, a lifetime learning credit. that's something to consider. >> absolutely. >> for common core math. >> i'll get to the kids in a minute. pet moving expenses. when you move and relocate you're changing jobs and moving out of state. you need get your pets there. you can deduct the moving expenses for your cat, dog, cat. that's something a lot of people do not consider. another is smoking cessation programs. the one about kids that we know but we know a will tlot of our s don't no is summer camp. you can take a child dependent care. make sure you keep the records. >> you have to keep the records. that could cover, if it's not sleep away camp but a day camp. >> it's only for day camp. it can cover a will the of costs. some of these day camps are expensive as well. >> do people, what kind of documentation do you have to have with some of this stuff?

can reduce the odds.ejoining us with more on that is senior personal finance correspondent sharon epperson. this is a tricky time of the year. >> it is a ricky time of the year. a lot of folks are worried about being audited. the good news is you don't have a great chance of being audited. less than 1% are audited. but there are reasons to worry if you make a lot of money. make over $1 miimllion, 9 1/2% chance of being audited. >> are there other red flags to watch for? >> self employed that's another red flag. not because they think you are going to evade taxes but your return is more complex. it is great to make charitable donation a's, wonderful to do if you make a large donation and n't have a receiptonou ctn bet hit. >> say you fall in to a higher risk group. what can you do when you file to lessen your odds. >> one thing you want to do is make sure you are as accurate as possible. e-filing can help that a bit but i keep great records. when you get a lot of different 1099s and w-2s if you had a couple of jobs, as you said the irs is getting those forms and their computers are matching

joining us with more on this important story is our senior personal finance correspondent sharon epperson. sharon what kind of changes are we talking about when it comes to the advice you get on your retirement money? >> there's big changes and they impact a lot of money. we're talking about $24 trillion that americans have in retirement savings, and 7 trillion in individual retirement accounts. that's the pool of money that will be most affected. right now the obama administration is saying if you have an adviser for your ira or other retirement accounts they have to make sure they have your best interest in mind. above their own profits. that's what is called a fiduciary standard. it will make sure they uphold that standard. a lot of advisors today, investment or advisors or brokers or insurance agents advising you on your retirement money, not all follow that stand. some of them, particularly brokers and insurance agents, only have to recommend what is suitable for your account to meet your financial needs. so now they're going to be held to a higher standard, and if there is a conflic

joining us is senior personal financial correspondent sharon epperson. what's the main purpose of these funds and how they work? >> it's a one-size-fits all approach. a mix of stocks and bonds and gets less risky over time. so for people not sure where to put their money, it's a good way to figure out how to get into mutual funds, how to get into the stock market and they don't know which ones to pick. >> the theory is you want to be younger and more aggressive and shift to more bonds as you get older because there's -- it's supposed to be safety in bonds? >> exactly. the idea is that as you approach retirement, you want to know that that is happening. and you may forget to do the proper allocation, asset allocation. what are some of the downside risks. >> well, one of the things i need to point out is how much it's grown. people don't realize that they may be in that even if they haven't chosen to be in that. a lot of companies now, the default option on the 401(k) problem is to put you in a target date fund and you say when you retire and that's the fu

joining us with more on that is senior personal finance correspondent sharon epperson.his is a tricky time of the year. >> it is a tricky time of the year. a lot of folks are worried about getting audited. the good news is you don't have that great of a chance being audited. overall, less than 1% of taxpayers are audited. >> all right. >> but there are reasons you should worry if you make a lot of money. make over $1 million, 9 1/2% chance of being audited. >> are there other red flags to watch for? >> if you're self employed, that's another red flag to the irs. not because they think you're going to evade taxes, but because your return is more complex. the other thing to think about, it's great to make charitable donations. wonderful thing to do, but keep those receipts. if you make a large donation and don't have a receipt, that's another red flag. you can be hit. >> let's say you fall into one of the higher risk groups, what can you do when you file to lessen your odds. >> one thing you want to do is make sure you are as accurate as possible. e-filing can help that a

if you haven't started yet, senior personal correspondent sharon epperson is here with a last-minuteval guide that will help keep you out of tax trouble. i hate to say it, where do they begi they haven't started yet. >> get organized and make sure they have the documents in place. to have ready are the social security number and that of your dependent and bank routing number. even though you are waiting until the last minute hopefully you get a refund and you want the direct deposit as soon as possible. gathering the w-2s and 109 9. >> that takes forever. >> and you have to show ira distributions, you want proof of that. any receipts that you have for credits and deductions, 1098 form for mortgage interest, key, charitable donations receipts and any taxes paid, real estate taxes, state and local income tax you want come take of what you paid. >> if i'm ready to file, does it matter if i file electronically or snail mail. >> it doesn't matter in terms of the irs wants your tax return on time any way it can get it. for you the best thing to do is file electronically. the irs says you a

i'm sharon epperson. thanks so much for watching. >> i'm tyler mathisen. have a great weekend and we'll see you back here on monday. ♪ doesn't really matter if you're old and grey ♪ ♪ it's all right i say it's ok ♪ ♪ listen to what i say ♪ it's all right doing fine ♪ ♪ doesn't really matter if the sun don't shine ♪ ♪ it's all right i say it's ok ♪ ♪ we're getting to the end of the day ♪ excuse us. thank you. good morning, what took you so long? soco suits. steve: cheers. sasha: put them on. dan: thank you. fiona: adam. could you bring a bag over? man: a little bit closer. sasha: best not keep our forensic anthropologist waiting.

did you hear sharon epperson gasp? >> $900? >>dy say $9? >> whoa. >> that does it for "nightly business report," thanks for joining us. >> tyler mathisen, thanks for joining us. have a great evening, see you monday. ♪ it's all right, it's okay ♪ ♪ doesn't really matter if you're old and gray ♪ ♪ it's all right, i say it's okay ♪ ♪ listen to what i say ♪ it's all right, doing fine ♪ ♪ doesn't really matter if the sun don't shine ♪ ♪ it's all right, i say it's okay ♪ ♪ we're gettin' to the end of the day ♪ uh-uh. i think not. you don't own it, archie. consuetudo pro lege servatur, i think you'll find. okay, let's get started, shall we? the day after tomorrow, the right honorable geoffrey parks mp will be visiting the school to open the new computer center. well, it wouldn't be a language lab, would it? that boy couldn't conjugate a verb to save his life. so mr. parks will be accompanied by

i'm sharon epperson. thanks so much for watching. >> i'm tyler mathisen. have a great weekend and we'll see you back here on monday. gwen: candidates descend on wisconsin and reveal more about what kind of president they'd be. but the practical consequences to confirm a ninth ti tie breaking supreme court justice. tonight on "washington week." believe in punishment for abortion? yes or no? is there: the answer has to be some form of punishment. obsolete. it's over 60 years old. it is, many countries doesn't terrorism. >> you're running for president of the united states. it. didn't start >> sir, with all due respect, that's the argument of a 5-year-old. >> i didn't start it. the argument of a 5-year-old is he started it. gwen: just when you thought this any mored not get weird, brawls break out. >>

did you hear sharon epperson gasp? >> $900? >>dy say $9? >> whoa. >> that does it for "nightly business report," thanks for joining us. >> tyler mathisen, thanks for joining us. have a great evening, see you monday. john: clinton and trump solidify their frontrunner status but the one trump movement vows last stand. i'm john dickerson in for gwen ifill tonight on "washington week." over.s as far as i'm concerned, it's over. secretary clinton: it's your house, we're going to come back to philadelphia with the most most pledged delegates. john: so close, they can taste it, hillary clinton and donald the verge of locking up their nominations and looking to fall campaign. mr. trump: i think the only card women's card. she's got nothing else going. secretary clinton: if fighting for paid healthcare and equal pay is playing the women's card, deal me in. john: the latest

sharon epperson is live with the details. >> that's exactly right, simon.ig announcement. it's the few dushry standard. it sounds pretty funny but it's important for families that have accounts. simply put people are getting investment advice and they're being given investment advises to clients that have money and they must now, professionals, put the clients' best interest before their own profits. right now only investment advise erps who are registered with the securities exchange commission have to follow this rule. they currently follow the suitability rekwierm. they get some wiggle room to recommend commission-based products that have higher fees even if there are similar products that will make them less money. how do you know if this new fiduciary rule applies to you. if you have a rocket or 401(k) that you plan on rolling over and you use a financial professional, the advice you receive, they must follow the fiduciary standard. it will be faphased in by next april. you can ask them. also ask them how they get paid. you may be surprised by what the

allowed to take and the ones you're not allowed to take, cnbc's personal finance correspondent sharon epperson you really need to know which ones you can take. you're going to ring that bell if you think the statement i make is true. only if you think it's true, don't ring the bell. >> if you don't think it's true. >> if it's false. >> when you have the answer. >> when you have the answer ring it. >> millennials, who have moved back in with mom and dad. you never have to file a tax return if you live with your parents, even if they -- >> kathie lee. >> false. >> you are right. it depends on your income, if you make over $6300, you still have to file that tax return. you may even want to anyone to get a refund on the taxes. >> that's right. >> next one, retirees. you just recently retired. you have started getting social security benefits. you may have to pay tacks on some of those benefits. hoda. >> yes, you have to pay taxes on social security. >> false. >> it is true. >> on a portion, depending, again, on your income, plus half the social security benefits you may have to pay. >> you may hav

gv >>> sharon epperson has the details. >> nancy pelosi says lawmakers in the house are making progresspuerto rico's debt crisis. charges include security's fraud, wire fraud, and conspiracy. and the chairman of parliament in what could mark an end to a month long government policy. the out going this week after weeks of pressure to step down. and rutgers university announcing that president ball balm will deliver the graduation address at his 250th ceremony on may 15th. sit the first time in the university history that a sitting president has agreed to speak at his commencement and what an honor for those students and alumni. that's the update at this hour. back to you simon. >> thank you. gopro holding an event in san francisco as we speak to announce new initiatives. josh lipton is there live and i'm hoping that you join us. >> well, nick woodman is just now taking the stage to unveil gopro's new developer program which the helps with innovation. so gopro has made it ease wrer for companies to go with apps in the gopro eco system and it's the platforms. and as well as video and that

we protect and beautify the world. >>> i'm sharon epperson.ocratic presidential candidate hillary clinton campaigning in east harlem, new york, before a group of senior citizens. prior to the remarks she walked through the senior center, stopping to shake hands, pose for selfies and played a game of dominos with residents. >>> in court documents unsealed today, federal prosecutors said sheldon silver abused his position by giving preferential treatment to two women with whom he had extramarital affairs. silver was convicted in november in a $5 million corruption case. >>> and update on the two 10-month-old conjoined sisters in texas who were separated earlier this week. doctors say the whole separation process went extremely well and the babies are recovering. the parents say the two are physically adjusting to being separated. >>> and the villanova wildcats brought their national championship trophy to wall street. the team visited the new york stock exchange and had the honor of ringing the opening bell. that's the cnbc news update at this h

. ♪ >>> i'm sharon epperson. here is your cnbc news update for this hour.gian judge ordered mohamed abrini and five others arrested in connection with the attacks in paris and brussels to be held for another month. french tv reported that abrini who admitted he was the man in the hat in the surveillance photos, told investigators he, quote, wouldn't hurt a fly. house speaker paul ryan says he opposes any effort to give iran access to the u.s. dollar. he cited concerns about what tehran would do with any financial access gamed in the wake of the iran nuclear deal. >>> microsoft is suing the u.s. government over a federal law that lets authorities examine customer e-mails or online files without the individual's knowledge. the company says the government is abusing the law. >>> and amc entertainment says it is considering allowing moviegoers to text in its movie theaters. its ceo telling variety magazine one possibility is having a certain section where texting is allowed. another option, specific auditoriums that are set up to be more texting friendly. that'

. >> i'm sharon epperson in for sue herera. >>> we begin with oil. in a

. >> i'm sharon epperson in for sue herera. >>> we begin with oil. in a gh

question question that answers itself but was there one guest that you wanted and could not convince epperson to talk to? >> in my case i would've loved to talk with michelle's closeste female friends. loyal she very much like hillary clinton has an array of intensely loyal, fascinating accomplished women with whom she spends time with and let down her hair. one in particular in miami and one in washington. if i had my wish list and it could not have been her mother was possibly the most interesting person the whole book i would have picked one of those friends to listen to, to hear a little more about how michelle this transition in life from the person who had gone to princeton and harvard and had a very successful career to being, for better or worse wife up and how she navigated that. >> that's interesting. >> i'm afraid that god intervened with my most desired subject which as i would've liked to interviewed martin ginsburg, ruth bader ginsburg's husband's husband and the best husband since the invention of monogamy. >> but only if he could've cook for you. >> corrects. he was a great co

i'm sharon epperson in for sue herera. >> i'm bill rivers in for tyler mathisen. remember 1973? was in high school. the job market does too. a new report today from