. welcome to "on the money," i'm becky quick. will it be a turk yf a holiday shopping season or will retailers be stuck. we'll talk the most wonderful time of the year with ceo of ma macy's. cheers. affordable holiday lines that are great any time of the year. how to find them, what they cost and i might just have a little taste. >> i feel like we have to toast. >> we have to toast, absolutely. >> "on the money" starts right now. >> this is "on the money," your money, your life, your future. now becky quick.

here's a look at what's making news. it is the most wonderful time of the year for the retailers, at least. black friday or maybe even thanksgiving day kicked off the holiday shopping season when retailers make about 20% of the profits. it's the season that could make the difference between profit and loss for the year. and the early numbers show a strong start. opec it its most critical meeting because of oversupply and weak global demand. ministers surprised by not limiting production, sending oil prices falling even further, below $70 a barrel. it was a quiet holiday-shortened week for the markets. dow staying in a narrow trading day. the markets were mixed on friday in a half day session. another look at america's gdp shows it's stronger than first thought.

the it grew at an annual rate of 3.9% up from 3.5%. apple stock passed a milestone midweek. total market capitalization, the value of all its shares put together, surpassed $700 billion. that makes it the most valuable company in the world. the turkeys digested, the leftovers in the fridge and now the great american pastime, shol day shopping. it's a great time to find bargains and it's all part of the holiday season. who better to join us than terry lu lundgren, the ceo of macy's. great to see. >> you happy to talk to you. >> thanks for joining us. i know this is a busy time of the year for you. i know it's a busy time of year for all retailers. i just wonder how you think the consumer is doing this year compared to the last few years and how the early numbers are going. >> we've all said we expected consumer to be behaving slightly

different now but they are spending more money, clearly on health care, on technology. there's lots of places where they're spending more money. the first mine months of the year, you haven't seen it in discretionary items in departments we have. it's been okay but not robust. i think the consumer is starting to feel better right now about now. you're seeing that in the confidence numbers. the gas prices that are obviously big news today and all last week. that has to help the consumer. have to put more money in the consumer's pocket. i feel very strongly about, this is going to be a good finish to the year. we should be off to a good start by 2015 when some of these strong to solid economic numbers start to turn positive as we look forward. >> you know, terry, i've known you for a lot of years. i have to say, you sound almost ha hesitant in your assessment of the consumer. is that fair to say?

>> i only report on what is actually happening and what has happened. i'm optimistic about what should and could happen but in the last several months, it really hasn't happened, as you've seen. so, we've gon done well but that's because we have taken market share. for us to perform at the top of our game, that will come will all boats are rising, when the economy is performing well and gdp is growing at 3-plus percent. that's when companies as large as macy's will perform because that's when consumers are feeling good about themselves and their potential to spend. >> who have you been taking market share from? >> it's hard to say but we've grown by 4$4.4 billion in the last year alone and that's without adding new stores. i think a big part of our performance and success has been our omni channel strategy that has worked so well. we're the eighth largest internet company, after netflix.

not retail company, but company. that's a big part of our strategy that's worked well for us. i think that puts us in a unique position versus many of our competitors. >> how do your employees feel about that, terry? i know retailers want to win. how do they feel about giving up thanksgiving day? >> i'm really glad you asked that question. we hire 80,000 employees for the november and december period alone. when we hire those individuals, we do so with a clear understanding you will be working on these holiday periods. but we have 176,000 employees year-round. and those employees get first choice. so, we asked our core employees if they wanted to work but it was up to them to volunteer to work on thanksgiving day. and the good news for us, 85% of the jobs that we needed to fill for thursday evening were filled by those core employees. a, they were getting time and a half. b, many of them told us, which i didn't really connect with, that

they wanted to work on thanksgiving. they were done with their turkey dinner. they wanted to come out and work that thanksgiving evening. and they also wanted to have black friday off for the first time, you know, because they're not used to having black friday off. >> make it a long weekend. i never really thought about that either. let's talk about the iconic macy's thanksgiving day parade. that's a tradition in my house and other people, tens of millions watched it. is this a good problem to have? i know having this for 88 years, but how do you grow your brand on top of that? >> it wasn't so long ago when macy's was not a national company and we couldn't even advertise on our macy's thanksgiving day parade. we only had stores on east coast and west coast until 006 when we did our acquisition of the may company and changed all of the names. that was a huge advantage for us. so, it's only been a few years since we've had this opportunity to advertise on the third-most

watched television program in america. and we couldn't be more proud of the parade itself. our gift we give every year back to -- back to americans. frankly, it's being picked up now around the world. so, it's something very special to us. i know your family and my family couldn't feel more proud about delivering a macy's thanksgiving day parade every year. >> terry, thank you so much for joining us. >> my pleasure, becky. >> have a wonderful holiday shopping season. we'll talk to you soon. up next, we are "on the money ", who are the people in your neighborhood? a look at small businesses and how holiday shopping the weekend after thanksgiving can make or break them. later, if you are looking to make a charitable contribution this gift-giving season, we'll tell you how to make sure your donation lands in the right hands. as we head to a break, take a look at how the stock market ended the week.

thanksgiving weekend means about $50 billion in sales for the retail industry. that's a huge kickoff to the holiday shopping season. for millions of independently owned businesses across the country,ist a important time to reconnect with shoppers in their local communities. kate rogers takes a look at small business saturday. >> reporter: sandwiched between two of the year's biggest shopping days, black friday and cyber monday, on small business saturday, local shops get their chance to strike holiday gold. for owners like guy who runs new york city jewelry store phoenix rose, it's the official kickoff for retail madness. >> so, for the past two years i'm seeing increasing sales on

small business saturday. we make everything by hand. everything is done here. everything is made basically in the west village, and people like that. >> anthony, owner of lilac chocolates is also feeling the community love. he says the american express sponsored promotion brings added foot traffic for the 91-year-old manhattan-based store, which does about 20% of its annual sales between thanksgiving and new year's. >> it's up with of our busiest saturdays of the year and kicks off the holiday season. >> reporter: the holiday is certainly gaining traction. last year small business saturday saw $7 billion sales. it's not so easy bringing in shoppers for big-ticket items on small business saturday. >> unfortunately, we can't drive the customer into the store

anymore. when they're ready to shop, they come in. it's so hard for us to bring them in with any type of promotion. >> reporter: promotions, however, are working for phoenix rose. customers are finding out about the business on instagram, where the store has more than 4,000 followers who will see the small biz saturday deal this year. >> an instant promotion, 10% off everything in the store. >> reporter: and good news for businesses like phoenix rows, this year the national retail federation finds nearly 75% of americans plan to shop on small business saturday. reporting in new york, i'm kate rogers "on the money." joining us right now is denise pickett, american express open, a card for small business owners. >> thank you for having me. >> is it getting harder and harder to be a a little guy competing against these big, giant companies. >> small businesses offer a lot beyond price. if you think about small

businesses, they offer convenience, local to consumers. i think they also offer a lot of unique items and that's what consumers are looking for. and i think the personalized service, when you go to small business as well. >> i will give thaw. you're right about the uniqueness, too. it's got to be something different. i think about how much shopping i do online now. i think about the idea if you want good discounts. they say have you to sell in bulk. that's not going to happen with small businesses. what do they need to get additional help to get people in the doors? >> i think small businesses can take advantage of days like small business saturday. small business saturday is the day between black friday and cyber monday. and we created that five years ago. it was really in response to the most pressing needs we saw for small business owners, which is how do we get that traffic during the holiday season. this is the fifth you're of small business saturday. and it's bigger and better than it's ever been. >> do you see people going back again and again or is this a one-off? >> we were interested in that.

we studded with consumers and we found 77% of consumers who shopped on small business saturday actually said, this is going to encourage us to shop between the small business saturdays. >> what are some of the responses you've gotten back from people. what have they asked for more help doing? >> consumers and small business owners really do love it. consumers love it because it supports small businesses in their community. and they really know it's the backbone of their community. small merchants love it because we're giving them a lot of tools to promote their program. we offer on our #shopsmall and www.shopsmall.com and they could get promotional tools and see what were run in our neighborhood champion campaigns. it's been successful for many merchants around the country. >> thanks, becky. i hope you shop small. >> i do. i love the stores in my community. we're "on the money," which charities deserve your

donations. how to make sure you're giving to the right cause. later, bargain bottle shopping. expert entertaining advice for holiday wines from bubbles to popular picks. >> if i had invested in perseco, i think my wife would be really nice. private island or something. people with type 2 diabetes come from all walks of life. if you have high blood sugar, ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug, farxiga may help you lose weight and may even lower blood pressure when used with certain diabetes medicines. do not take if allergic to farxiga or its ingredients. symptoms of a serious allergic reaction include rash, swelling or difficulty breathing or swallowing.

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there is no easier way to show gratitude than donating to a quooerty cause. in the midst of the holiday

season, many americans receive phone calls and letters requesting contributions to various charitable organizations. how do you figure out the best ways to give and the best places to give? joining us now is personal finance correspondent sharon epperson to guide us on the gift of giving. >> it is the season of giving. americans are doing just that. about 95% of house holds give to charities averaging about 3,0$30 per household contribution. this type of generosity is not only from the rich, it's across the board. >> we hear very consistently that it's an important element of their financial planning. almost regardless of what affluence level they have. people want to give back. >> the collective effort in giving amounted to over $300 billion last year alone. accounting for 2% of u.s. gdp last year. so charitable giving is very powerful. >> if you're someone who wants to give, how do you find a repitable organization. >> you have to find what type of

mission you want to support, when you decide that and what charity you may want to look into, go to one of these websites. guide star, charity navigator, charity watch. guide star has a lot of information about accounting and has the actual irs form you need to be a tax-exempt organization on the website and you can find out more information about executive salaries and all that. charity nav garrett has a lot of accounting information. and then charity watch goes a little deeper into the finances of the company. it really looks at how much money actually it takes to raise every $100 that you would give. >> that you spend. >> right. in order -- >> what is actually being spent on charity that you -- that hoping to give. >> that's a key point. you want to know when you're giving money, how much did it cost them to get your money. how much are they spending on that. that's something charity watch does. >> what happens if you want to give, you're not sure which charity you want to give to, you want to do a little more research, can you do something and do it before the end of the year? how does that work?

>> yeah. a lot of people may not know which charity they want to give to. one thing you can do is give it to a donor advice fund. you make a contribution, you get a tax deduction once you set up this fund and then you can decide where that money is going to go. you with-k do the grant-making at a later time up. don't have to do it by the end of the year. >> does part of that money go to run that fund? are you giving less money if you end up using that -- >> in fact, you can actually see your money grow because can you invest some of that money and you can put actual securities into a donor advice fund. stocks or mutual funds in there as well. it's a really great way to give and also to give if you're not sure exactly which charities you're ready to contribute to at this particular time. >> we worry you give it money and it's not used for what you hope it was used for. >> that's such a big concern. you want to make sure a significant amount of money is going to programming. charity navigator says on average you should be looking at about 75% of the money going to

programming. and the other part is going to be, of course, administrative costs and fund-raising. you you want to see the bulb k it going to the programs and not the executive's salaries. up next, a look at the news to the week head. and a guide to the best wines, whether you're watching your budget or looking to splurge. "like" us on facebook. look for facebook.com/otm. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ho, ho, ho, ho] lease the 2015 ml350 for $579 a month at your local mercedes-benz dealer.

for more on our show2 you can go to our website otm.cnbc.com and follow us on twitter @on''''the'''''''''' twitter @on''''the'''''''''''''' ''''''''''''''''''[; @onthemoney. monday is world aids day. on tuesday we get november auto sales. construct spending for october is also out on tuesday. and friday is the big number of the week. that's the november jobs report. we get that that day. also october factory orders will be hitting on friday. and when you wish upon a star, makes no difference who you are. happy 113th birthday to the magic of walt disney. if your house is full for the holidays, the perfect bottle of wine, you are in the right place. the executive wine editor at "food and wine." >> it's holiday season. time for wine. >> you are one of my favorite guests ever. i always make a list when you're here with us.

this time around you're going to talk us through about some of the things we need to get prepared for the holiday. >> a huge amount of wine is sold in the fourth quarter because of holiday entertaining. i brought what i think is a great selection of all the options. the first thing you need, you need sparkling for parties one, you need an all-purpose sparkling. affordable, not too crazy but good at the same time. perseco, this is an interesting one. it's an organically farmed grapes so they have an organic version, 16 bucks. really nice bottle of wine for the price. at the same time, you know, it's very unusual to get a sparkling wine that's all organic. >> and it's a crisp taste, too, not too sleep. >> like crisp apple, a little peach. i told you before, i don't bubbles but it's good. >> i'm going to convert you before the end of the day. >> you have a little ways to go but do i like this. >> you need an all-purpose white

and all-purpose red. this is a pinot because it's mid-point between chardonnay and savauign and richness of the chardonnay. >> i like that, too. i don't like chardonnay, but i like this. >> it's got that little extra zing to it. 13 bucks a bottle. >> that's from oregon. >> and it's from oregon. made in the u.s., we like that. >> made in the usa. i brought a lot of usa stuff today in the middle here. for red, you sort of need a counterpart red. also affordable. don't know what -- this is welcome to the life of a wine writer. >> it's a good life. >> so, this is the columbia crest h3 from washington state. another alternative to california. and this is from the horse heaven hills, hence, h3. >> what's horse heaven hills? >> it's a totally remote eastern washington nothing but wheat and grapes area. but makes fantastic grapes. again, this is like -- list is

12 or 13 bucks a bottle. can you find it for less. you know, got that beautiful -- it's a straight up cabernet, beautiful blackberry fruit. >> i like that, too, and i'm not really a red wine drinker but this is light. >> it's good. if you buy it by the case, most -- not necessarily at supermarkets but wine stores will usually give you 10% discount on the case. >> how is the wine business? >> it's actually doing well. the wine business has been on kind of a 15-year incline slowly up. if you look at it over time. and it's partly the u.s. is becoming more of a wine-drinking country. it's incremental. it's not massive gains, except for persecco. >> it's jumped off the charts? >> the rate -- if i had invested in persecco, my life would be really nice. private island or something. instead, i'm still a wine writer. >> what about if i really to want splurge. >> so, i brought some dom rinart. >> we have to toast.

>> actually, they were friends, dom perrignon. they are buried next to each other. >> that's a good story. >> equal quality. i mean, it's got that beautiful, you know, precision, a little yeastiness, crisp. i know you're not a champagne -- >> it's good. >> that's a great bottle of wine. >> i want to thank you for joining us. >> happy to be here. >> thanks schote for today. i'm becky quick. thank you for joining me. each week you can keep it right here. you're "on the money." we'll see you back here next weekend.

[ticking] >> banks were filing foreclosure lawsuits by the millions, and in the rush to collect, it appeared some financial firms were using phony legal documents to throw people out of their homes. chris pendley says he forged 4,000 bogus mortgage documents a day for major u.s. banks. and your previous experience in banking? >> none. [ticking] >> it started out as a mortgage crisis. then it slowly evolved into a credit crisis. now it's something entirely different and much more serious.