a while. she's back. i feel good about that. >> the $5,000 aside, the whole ryan-and-krista relationship coming around has been awesome. >> ♪ i can tell, i can tell ♪ she loves to go >> ♪ shop >> ♪ she's all out of control ♪ she can't >> ♪ stop >> ♪ designer clothes, jewels, hair ♪ ♪ she's throwing money everywhere ♪ ♪ my head is spinning ♪ head is spinning ♪ oh, oh, oh, oh ♪ she's a princess ♪ she's a princess ♪ she's a princess ♪ she's a princess ♪ modern-day princess

we're talking about in terms of the fiscal cliff, you've also got some strength happening talk to us about real estate and housing. you're so uniquely qualified to

talk about this sector being a developer in so many cities. >> look, i think you look at housing and it's a bright spot in the economy and what's going to help propel our economy back. miami, for example. one of the first to go down steeply, along with las vegas. and we operate in both of those cities. prices are up in las vegas now, 7% and miami 8%. so you're seeing tremendous up side in housing. >> these are some of the areas that really plummeted. >> yes. >> yeah. so now they're coming back. >> san francisco is coming back, as well. miami roared back. miami's inventory is lower than it -- was in its peak. its price increases are happening more rapidly than during the last peak in the marketplace back in '06 when the market really peaked. >> fascinating. so how important is this for the overall economy that you're seeing these hot spots of real development and bursts of energy in certain cities? >> very important. because one, of course, as inventory shrinks and prices increase, there's a greater demand for new construction. also, most americans' net worth

is tied into their homes and now their net worth has gone up so they're more optimistic about the economy, and will spend more. also people can sell their homes and move to other places where there are jobs. and there is also going to be a free-up of entry-level housing as well. >> so what kind of a year are you expecting in 2013? >> i think a good year. i think if the government can just get out of the way, go ahead and tell us what the rules are going to be, whatever they're going to be. make the rules step up to the plate and act responsibly, make some decisions. and then i think the free market system and our business leaders and businesses, small business owners, will make it work. >> are a lot of people in business talking about what's going on with guns and the potential for new gun legislation? i mean, this week we saw sporting goods chain dick's stop selling assault rifles. private equity firm saying it's going to sell its interest in the freedom group all in the wake of the tragedy we're still in mourning over, in connecticut. do you think we'll see real change in gun laws? >> yeah, because i think the

president is committed to bringing something forward very quickly. senator feinstein is bringing something up, as well. i don't think there's any business person that i've come across that -- over the last week or so that has not talked about what's happened here and talked about guns. and there is no case to be made for some reasonable basis to have assault weapons in the hands of the average citizens. there is no rational case for that. but this is another example of where the laws get outdated with modern society. we talked about social security. let's look at gun control, for example. the right to bear arms. sure, when we were protecting ourselves in the embryonic stages of our nation's founding. but today where does that stop? does it mean we could have mini nuclear weapons at home too? so the right to bear arms and our constitutional right has to be reflected to what the founding fathers had in mind. and they definitely did not have any idea that people would have rapid machine guns in their homes. >> you make a lot of sense. don, great to have you on the program. don peebles joining us.

up next on "the wall street journal" report, not too late to buy a last-minute gift for the kids on your list. and later charitable giving at this or any time of the year. the why and how behind the art of doing good. as we take a break, take a look at how the stock market ended the week. back in a moment.

so what is playing well in the 2012 holiday shopping season this time of year represents about 20% of annual retail sales, meaning tough competition for consumer attention. but my next guest hopes that leaves room for a little fun as well. jerry storch is with me.

he's ceo of toys"r"us, the world's largest dedicated toy retailer. >> nice to see you. >> great to be here. >> so does all the drama over the fiscal cliff and uncertainty about the economy weigh on consumers? how are you expecting the season to play out? >> well, i don't have any doubt that it does weigh on consumers, it's in the news constantly, people are worried about it, but having said that, we're talking about christmas here. this is no minor holiday. so christmas is going to come on tuesday. it is christmas day. and consumers have to get shopping. and the last thing that parents want to cut back on is the toy is the holiday present for their child for christmas. >> true. so i want to go through the toys you brought. what are you expecting in terms of this christmas holiday shopping season? anything we should look at as far as the real gauges? >> well, you know, it's all going to come down to the last weekend, to the last few days. >> even christmas eve. >> even christmas eve. and toys"r"us, just to make sure, we are open 24 hours all the way through until 10:00 p.m.

christmas eve night. so there's still plenty of time, if you haven't bought the toy, get out there now, get off the couch. go to toys"r"us, we're open all night. >> okay. that's good, 24 hours, wow. so does that really help, being open -- i mean, that was the debate around thanksgiving, right? people were like save thanksgiving, we don't want to shop thanksgiving night. >> no doubt it helps this time of year. a lot of people procrastinate because christmas feels like it's very late this year. we had the most number of days between thanksgiving and christmas you could have, very early thanksgiving, followed by christmas that last year was on a sunday, this year not until a tuesday so people are waking up now and realizing, oh my gosh, i get to get going, christmas is coming tuesday. >> and it will come. so every year, toys"r"us makes a hot toy list. that's what i want to get into. tell us what you anticipate to be the hot sellers. >> i brought some things that are updated as of this moment. >> oh, i love it. >> as of two days before christmas. these are the must-haves that you need. and we've got them in stock at toys"r"us. >> legos.

>> legos have always been hot, they're on a tear. people love legos. they have the best licenses, best properties. we have teenage mutant ninja turtle legos. >> you said this just came in. >> it just came in, kind of next year's product this year. the turtles are really hot, all the action figures we had are selling out like crazy. this is legos, teenage mutant ninja turtles. >> you said legos is now the hottest toy company by far. >> by far the most rapidly growing company. people love legos. there is a learning component to it. everyone thinks it helps develop the brain a little bit. >> do you think it's good for boys and girls? >> what's so interesting, i brought lego friends here. and lego frankly has struggled with girls throughout its entire existence, until now. until this year. lego friends is doing fantastic with girls. it has little dolls that you construct as well as this is the lego friends summer riding camp. girls just love horses, and this has been a run-away hit, lego

friends for girls. >> so you have mutant teenage ninja turtles and then you have the friends. >> lego friends. >> and lego galaxy squad bug obliterator. >> this is another new thing. a new theme, space theme for lego this year. and, again, it is something that we've got first to market, just brought into the stores over the last week or two. really next year's product this year because we're so close to christmas, able to get sneak peeks at new products like this. and this a big space theme for next year. and they have really complex stories built into each one. you can read about online why they're obliterating bugs in outer space. >> love it. >> don't worry about it. >> what else is on the hot toy list? >> dream lights, great for a younger kid. you may have seen these on television, a whole variety of them. and they make light patterns and sounds on the ceiling and help children at night. >> so this is infant? >> this is preschool, we call it. but infant to preschool. this is from jake in the never

lands, pirates, disney jr. property this year. and this is the musical ship bucky. this is the pirate ship from that series. and, again, this is -- this is preschool, up to the young toddlers, really a fantastic toy too. >> love it. >> and finally, not to be left out. i brought angry birds air swimmers. this is radio control air swimmers. and what that means is that the fellow in red there actually flies. and he can be controlled with this radio control. >> remote control. >> remote control to attack the other one. and he can dive or climb. and he swims with his tail there. you can see him swimming. and attack the other one. this one is the -- you know, if you play angry birds, this is the one you're knocking down and he's the guy who is doing it. >> incredibly popular, right? >> well, it's so much fun. even the crew here when we were starting to film this, they all flocked to that one. and why not? talk about bringing a virtual world to the physical world and making it real-life. there you have it. >> i love it. what great toys. and we really appreciate you

bringing them. >> a lot of fun. and christmas is here. go shopping! >> exactly. jerry, good to see you. thank you so much. >> great to see you. >> have a merry christmas, happy new year. jerry storch, toys"r"us. up next, how giving back is serious business. how the hard work of doing good leads to its own rewards. and find us on facebook/maria drt bartiromo. back in a moment.

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doing good isn't business as usual in today's world of

philanthropy. it requires the same entrepreneurial zeal demanded by successful start-ups. my next guest was chairman of organizations like seagrams' and the montreal expos and has advice for turning a passion into action. they're coauthors of "the art of doing good." gentlemen, good to have you on the program. >> good to be here. >> this is the second book you two have coauthored, right, on philanthropy. who is the primaried audience? >> this one is for everybody. what we have done is highlight 18 social entrepreneurs who started with nothing and to show all the problems they went through and how they made it. and in one or two cases didn't quite make it. >> it's a great way to look at it. and the 18 social entrepreneurs, you want to offer a game plan for launching effective nonprofits. what's a social entrepreneur? tell me about the way entrepreneurial skills can be used for doing good. >> well, the dynamics between a business entrepreneur and social entrepreneur are the same, except there aren't capital markets for the social

entrepreneur. there isn't the financial potential bottom line for the social entrepreneur. but the social entrepreneur is driven by that same passion of an idea of how do we make the world better in a more effective way? so one young man, jordan casselo who we feature was in optometry school and went to central america and saw when he put eyeglasses on a 7-year-old who thought he was blind, saw that very nearsighted boy's life was changed. and he decided he's going to become the lens crafters for the third world. >> that's a great story. were you inspired yourself by some of these individuals? what did you learn? >> oh, yes. well, you learn that if people have had tragedy happen to them, or if there is something in their lives that influence them mightily, that then if they had

more than just the normal amount of courage, and more than the normal a. amount of passion they took this difficulty and turned it into something that did good for others and saved other people's lives. >> charles, you've signed the giving pledge. >> yes, i have. >> originated by bill gates and warren buffett, promising to give away half your fortune to charity. >> it's not an unusual thing, actually, in this country. because i think that what the buffettses and gates of this world are really saying to people, you have a choice of two things. when you die you either give your fortune or as much as you want of your fortune to things you care about or the government. so it's not that tough a decision. but that said, i think it will it get a lot of people to give more than they had thought of heretofore. >> so you are credible spending down the endowment the of the philanthropie philanthropies. why put yourself out of business?

you make a great point. it's the government or give it to where you want to see it go. >> there's another thing. i could talk all kinds of wonderful things -- i didn't want to rule from the grave and so on. but after the disaster, we had to make a decision. i'll let jeff tell you how we went about that. >> the default position with foundations is they're going to go into perpetuity. perpetuity is a long time and we know from many foundations today that the donor's intent does not continue for many generations. and the energy and the passion in giving doesn't necessarily continue. so we're seeing, and bill gates is a perfect example, bill and melinda decided their foundation will spend down within 50 years of their death. we're seeing more and more foundations use spenddown as a way to have more resources for today's problems, and focus dramatically on what they do.

>> jeff, are there particular areas of need, or charity, that you would like to see increased entrepreneurship? anything that looks primed for innovation to you right now? >> yeah, the genius of american philanthro philanthropy, which leads the world by far, is number one volunteerism. number two, as an american industry, innovation. so i think we are seeing, in -- for example, education, dramatic change taking place in terms of charter schools, in terms of focusing on stem -- science technology, engineering and math. things that will transform american education, which will transform the american economy. >> that's a good point. and right now, across the country, you're seeing certain areas become rewired for what you're talking about, technology and science. gentlemen, thank you very much. >> thank you. >> great to have you on the program. charles bronfman and jeffrey

solomon. up next on "the wall street journal report", what will have an impact on your money. and what a tree and ice have in common. stay with us. tburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn.

we have some big news to tell you about. beginning in january, we will have a new name. look for "on the money" with maria bartiromo. we'll have some exciting new segments for you, great guests and, of course, i'll be here as well. join us in january. first, though, take a look at the stories coming up in the week ahead that may move the

market and impact your money this week. monday is a shortened trading day on wall street. the new york stock exchange and nasdaq closing early for christmas eve. and tuesday, of course, is christmas day. all markets are closed in observance of the holiday. the rest of the week light on economic news. wednesday's, s&p case-shiller index will tell us about home price changes. and new home sales for the month of november will also be out. earlier in the program, we told you about the deal in which the new york stock exchange will be acquired by the i.c.e. now history. in 1792, 24 stock brokers gathered under a buttonwood tree at 68 wall street. they established rules for buying and selling stocks and bonds. the exchange open stores at the current address in 1903 and dominated trading throughout much of the 20th century. as electronic trading came in and volume slowed the new york stock exchange looked for a partner. and now it has one. the deal really, the end of an era. that will do it for us today. thank you for joining me. next week, a look back at the stories, the stocks and the

people who made 2012. each week, keep it here where wall street meets main street. have a great week, everybody, merry christmas. i'll see you next weekend.