our sharon epperson shares her story to help you avert a financial catastrophe. those stories and more on "nightly business repo" for wednesday, november 1st. >>> good evening, everyone, and welcome. it feels like the entire world is in rally mode. at one point today all three of the major u.s. indexes were at record levels. a pretty good way to start the month of november and continues a trend we've seen all year. earnings in focus, so is the fed. the economy is solid. details of changes to the tax code are finally scheduled to be released tomorrow. when mixed together, this is how we started the new month. the dow jones industrial average gained 57 points to 23,435. nasdaq came off record levels to close down 11. the s&p 500 added four. and as bob pisani reports, investors are putting their money into stock marke >> reporter: global markets kicked off november with a bang. we've already seen big inflows and record highs. several key factors are driving the strong inflows, i mean good volumes. first and most importantly, global economic expansion and improved gl

sharon epperson, it's great to have you back here. >> great to be here. >> how early this should start. are we talking about pre-k? >> start as soon as possible. preschool, actually. you can start talking about things like this because my little girl loves to have a candy bar. that's a great time to start talking about, do you need to have that candy bar or just want to have that candy bar? let's talk about how to kind of delay your gratification for getting that candy bar untthe e of the school week or in the middle of th can't have dessert after dinner. >> make sure they realize there's not limitless quantities of everything. >> exactly. exy. little to begin with and build your way up, so if you get something at the store, then you may not be able to get anything over the weekend and go out with the family or go see that movie. to wait and want something for a little while. >> what do you do when your kids are in elementary school? ramp up the lessons? >> start talking more about other money lessons so important and how do you spend and how do you save and how do you spend wisely and

sharon epperson delves i >> reporter: about ten years ago, galen murphy realized he never saved for retirement. now he's 49 and still not saving. >> nnot. i was hoping to in this next year. >> reporter: murphy earns about $42,000 a year working as a store manager at portland's house of vintage. the company has two stores, five full-time employees, and no retirement plan. murphy says he makes enough to pay his bills, barely. >> the biggest ones are going to be rent, student loans, health care, car payment. >> reporter: living the american dream for too many people is more like a nightmare. and galen murphy is hardly alone. he plans to keep working as long as he can. but still wonders which bills will get paid and which ones won't. there's no money left for savings. only 40% of the private workforce has access to an employer-sponsored retirement plan. even those who are saving still aren't saving enough. one problem? pensions became a thing of the past. in 1983, almost 90% of the workforce had pensions. by 2016, that number had dropped today, 94 million americans have retirement accounts yet a r

all of us here at cnbc, we are thrilled, we are relieved, and we are so happy to have our sharon epperson back. she'll be here with a very personal story about avoiding financial disaster during an unexpected change in your health that's coming up here. >>> also former fdic chair and college president sheila bair joins us to weigh in on the impact of college loans and on the financial sector that's coming up how'd that go? he kept spelling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous. well, i happen to know some people. do they listen? what? they're amazing listeners. nice. guidance from professionals who take their time to get to know you. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. c

our sharon epperson shares her story to help you avert a financial catastrophe. those stories and more on "nightly business repo" for wednesday, november 1st. >>> good evening, everyone, and welcome. it feels like the entire world is in rally mode. at one point today all three of the major u.s. indexes were at record levels. a pretty good way