jay rogers, continued success. thank you. >> thanks so much. up next "on the money", a look at the news for the week a d that tax clock is ticking. what to do if yaven't filed yet and how to make sure you're in better shape for ne >>> for more on our show and our guests go to our website, otm.cnbc.com or follow us on twitter. the handle is at on the money. here are stories that may impact your money this week. earnings season gets going with reports from wells fargo, j.p. morgan chase and bank of america. on tuesday retail sales for march are due. always important because the consumer makes up 70% of the u.s. economy. wednesday marks two years since the boston marathon bombing. wednesday is also the deadline for taxpayers to submit their returns. we'll talk about that in a moment. thursday, we'll get new home construction figures for march. and friday, we'll see about inflation when the consumer price index is released. speaking of the irs, they have processed about 100 million returns so far this year but that's about two-thirds of the total t

here to explain is local motor ceo jay rogers. joining us today. good to see you, jay, thanks for joining us. >> thanks so much for having me. >> from what i hear, you surprised everybody at the detroit auto show and made a car on site while everybody watched there. explain the process. very briefly. >> sure we actually made three of them on site. we wanted to make the point of you can put it into production and the process is three stages. we do an additive manufacturing stage which is the 3-d printing part of it. and then we have a subtractive manufacturing stage, that comes where it mills material off. and then the third part is rapid assembly of components to complete the vehicle and drive it away. >> i'm blown away by the whole concept here and you say it's cheaper. how much am i going to pay for this car, for example? >> it's a little early for us to say how much cheaper it's going to be given the feature sets, people are very comparative or competitive shoppers in cars. but i think what our concept has been that the total cost of ownership of

the governor's water rationing could affect the state's water supply, roger bayles director of the sierra nevada institute and jay[inaudible] senior writer-scientist at the nasa jet propulsion lab and a professor at uc irvine. good to have you both with us. let me start, if i may, with you, roger. this drought, 90% -- every survey i've seen, california's taking it seriously, but this is the first time there's rationing. you folks have got, according to, well, to jay's most recent article about a year's supply of water left. what's taken so long? >> well people are really serious taking this drought seriously, and it is a soars drought. perhaps the -- a serious drought. perhaps the most severe drought of the past 100 years. it's taken a while for the public consciousness to get there, because we do have a lot of water in california. it's just how we use it and how we aloe e candidate it to different uses. our storage reservoirs, which i think the l.a. times piece that you mentioned referred to, normally have a couple of years of storage in them but we also have our groundwater which provides many more years of sto

rogers, matt o'donnell, i'm tamala edwards. have a great thursday. >>> good morning, america. and happening now, severe weather alert. eight terrors tearing through the heartland. jaimore than 200 locations as storms move east affecting millions. ginger with the latest. >>> the dash cam footage to be released. the officer now behind bars and for the first time we hear from the hero who took that cell phone video. what he says happened before the shooting as protests erupt across south carolina. >>> right on the nose the scary midair lightning strike jolting passengers and pilots. >>> outside of the windows, the whole plane was an electric blue. >> puncturing the aircraft leaving a gaping hole. how it managed to leave after that terrifying moment.

i may, with you, roger, this drought, 90%, every survey i seen, california is taking it seriously, this is the first time it's rationing. you folks have got, according to, well, to jay'sost recent article, about a year's supply of water left. what's taking so long? >> well, people are really taking this drought seriously. and it is a serious drought. perhaps the most severe drought of the past 100 years. it's taken away for the public consciousness to get here because we do have a lot of water in california. it's how we use and allocate it to different uses. our storage reservoirs which i think the la times piece you referred to normally only have a couple years of storage in there but we usually have more water out our ground water. then can -- >> we're showing folks at home those reservoirs are critically low. and jay, your thoughts? this looks to me like a part where everybody wants to take is seriously, but yet the state's population is still growing. everybody is going ahead with their business as usual excepting a rubusiness which is having to cut back in lots of places. landscapeing landscaping. al this is only now beginning to impinge on the quality of life in