jacques torres joining us.ook at jacques torres's chocolate factory, join us on our website at wsjr.cnbc.com. >>> up next a look at the news this upcoming week that will have an impact on youmoney. and then the song ends for the lovers of a popular video game. the final heroic note when we come back. our field research team. and our product development staff. we know military lives are different. we've been there. that's why our commitment to serve the financial needs of our military, veterans, and their families is without equal. and why, we'll always be there for you... both here... and here. usaa. for insurance, banking, investments, retirement and advice. we know what it means to serve. let us serve you. seems like from every wireless carrier. you may have heard them already. the doubt-casting. the empty comparisons. while they shout them at the top of their lungs... to try to blur the lines. in the end, just ask yourself, does the network work ? this is america's largest and most reliable network. verizon.

jacques brel's records to john, who immediately caught on to how good and how important a writer brelr. the people who are out there with you in front of an audience breathing with you while you are putting your life on the line are like none other. >> my first gig with john was actually the tonight show in about february of 1974, and it was the first time that he had been invited to guest host the tonight show. and that was a big shot for him. we'd be onstage in front of 30,000, 35,000 people. i mean, i couldn't believe it, and he realized right then and there, and we all realized that we had a huge tiger by the tail, and john was on his way to becoming a huge, huge star. john would always start off country boy with, "all right, everybody, clap your hands." >> clap your hands for me now, everybody. ♪ well, life on the farm ♪ is kind of laid-back. ♪ ain't much ♪ an old country boy ♪ like me can't hack. ♪ early to rise, ♪ early in the sack, ♪ thank god i'm a country boy. ♪ well, a simple kind of life ♪ never did me no harm, ♪ a-raising me a family ♪ and working on the farm. ♪ days are

my guest chef jacques torres, the man known as mr. chocolate.ach week keep it right here, where wall street meets main street. have a great week, everybody. i'll see you again next weekend. california should be proud. we were the first to ban smoking on airplanes. the first to have smoke-free bars and restaurants. all while saving over $86 billion in health care costs... and over a million lives. we've done a good job. but even if you were born today, you'd still grow up in a world where tobacco kills more people... than aids, drugs, alcohol, murder and car crashes...

i started off -- you remember jacque cousteau and tarzan movies?y survival out at the cottage and that. and then -- >> jimmy: where, like, in your back yard? >> yeah. >> exactly, yeah, yeah. [ laughter ] and i knew guys who -- later, like, i was 25 and i was doing rock and roll and music and all of that and then i just -- i needed a break. >> jimmy: you were in a band, right? >> yeah, yeah. i played -- played actually in, like, a bully cologne band at first. i was like the mick ronson dude. >> jimmy: really? what was the name of your band? >> called diamond dogs. >> jimmy: that's great. i love the name of the cover band. >> yeah, i know. and this is the journey era of cover bands up in toronto, canada. tres hombres for zz top. >> jimmy: oh, really? >> yeah. all those good bands. >> jimmy: canadian. >> yeah, absolutely. canadian boy. canadians! [ cheers and applause ] >> jimmy: yeah. absolutly, absolutly. yeah, yeah. people clapping in canada. >> i know. yeah. the whole country is clapping. >> jimmy: now, you've got this book here, "will to live." w

chocolate himself, jacques torres, whose delicate bonbons often come with a hefty price tag.this and spending $36 in this and walking into a grocery for and i'm getting a generic brand of holiday chocolates? >> other than the price? >> reporter: other than the price, yes, obviously. >> basically, we work hard on the concentration of flavor, we don't use any essential oil or flavoring. we use only the real thing. all the packaging, all the presentation. >> reporter: are you apologizing or are you expressing your love or a little bit of both? >> well, i have a lot of women in my life. >> reporter: so while our taste test produced mixed results, a lot of people seem to agree. to keep the missus happy, buy the expensive stuff. anybody who says, you know, it's a waste of money to go and spend a lot on these chocolates -- >> i think your honey will be happier if you give something nice. don't buy fake diamonds. buy real diamonds. don't buy fake chocolate. buy real chocolates. you know, that's basically the deal here. >> reporter: wow. >> so now -- >> reporter: dan, eat your heart o

hosted by hillary clinton and i was with my mom and we sat next to barbara boxer on one side and jacqueso us with paul mccartney. i noticed he kept looking over at my direction and i thought he was looking at one of these other artists. >> jimmy: or maybe a lady at another table. >> i got my boy's back. >> jimmy: who were you there with? >> my mom. >> jimmy: could have been that. >> then i thought maybe he thinks i'm part of his security detail or something. and then when it was over my mom and i split i think because we were so glad coming from spring texas, we didn't break any china at the white house and we left and the next day the guy who is the head of it is like hey, man, where did you go last night? bill was looking for you. i thought i was in trouble. i thought i was late to rehearsal. i was like bill who. bill clinton. he told us no matter where he goes in the world he always hulus your show. what? you can't tell me that. only my grandma watches the show. now every time i do a take i'm going to think, this better be bill. >> jimmy: you have to impress president clinton. wow, th

have they ever seen jacques bar snen i'm trying to think of people you bought on. >> there's one. >>ow what it's like to see... my brain is not intellectual. i really don't have any analytical or critical sense. >> rose: what do you have? >> i have a glibness at times which at its best verges upon entertaining conversation and remarks and i can sometimes get off an ad-lib pretty well. >> rose: very well. >> i learned that from jack and johnny. >> rose: did you really? that's a learned trait? >> no, that you can. let me take that back so i don't give hope to people who shouldn't have it. i don't think you can learn to be a comedy writer. woody allen has called it the strangest gift known to man as a kid he could write 40 new jokes a day for columnist in. i don't think you can learn that. you can get tips, you can buy steve allen's old books and get a little help. but, no, if you can't hear groucho in your head and word it the way he would say it and if you can't hear jack benny-- i'm going back a bit, aren't i-- you could... and you can't do it... >> rose: but a comedy writer has to h

remember chief inspector jacques clouseau? he goes up to a guy with a dog. he says, "does your dog bite?" he say, "no, my dog does not bite." so he goes to pet the nice little doggy, and it bites him and rips his arm out, and the blood is gushing. he says, "i thought your dog doesn't bite." "that's not my dog." you have to ask the right questions. so here are the right questions for a roth conversion. it boils down to three questions: when, what, and where? when will you need the money? what do you think future tax rates will be? and where are you gonna get the money to pay the tax? when will you need the money? if you don't need the money, then you're not converting for yourself. and remember, it's not based on age. it's need. because some people come up and say, "well, i'm 80. am i too old to convert?" it's not age. it's need. for example, if you need the money, it's not worth it. i would say, if you're in your mid-70s or older, it doesn't pay to convert if you're doing it for yourself, because the cost of paying the taxes now isn't worth the benefit in yo