the body sits atop a steel chassis. while the petite red bullet doesn't have a monster v-12 under the hood like its full sized forebearer, it does run off a 2.5 horsepower honda engine look out this miniature roadster can go as fast as 25 miles an hour. that's a toy that's not just playing around hi, everyone welcome to "on the money." i'm becky quick. will it be many happy returns? tax reform is coming but what will it mean for you. thieves are aiming for an unlikely target. the woman who just couldn't find anything to wear in her size what she did and how it's turned into a booming business. black friday will be here before you know it what you should buy and what you should avoid. kobe bryant is trying to win at a new game with some very big steaks "on the money" starts right now. this is "on the money. your money, your life, your

future now becky quick. >> we begin with your taxes. it's been 30 years since any major tax reform was passed, but changes in your tax bill might be ahead house and senate republicans have each released versions of a new tax plan this time will tax reform be a reality? that's our cover story today. >> i always like tax cuts. boosts the economy gets more money to the people it belongs to. >> but will you save money under a republican tax plan? congress's own official score keeper, the joint committee on taxation, found 20% of americans would actually have a higher tax bill within ten years. both the house and senate plans would likely lower individual tax rates. the standard deduction would double to $12,000 for singles and $24,000 for couples. >> what i do know that it ends up eliminating the deductions that benefit me. it's going to end up costing me more. >> itemized deductsions could be eliminated or limited. mortgage interest deduction may

change >> my tax deduction at the end of the year, if i buy a new house, i can't write that off anymore. >> for businesses they want to cut the top corporate rate from 35% down to 20% although it would be delayed a year until 2019 in the senate version. >> the way it's going i can purchase things at a better price. i'll have more money in my pocket. >> i think they are spaenlding a lot of time going nowhere. >> we still have a long way to go to find out if congress can reach an agreement on tax reform with what's already been proposed how would different types of taxpayers fare? thanks so much for being with us today. >> thank you good day >> we've seen the two different tax plans, one from the house and one from the senate. overall are these plans very similar? are they different what can you walk us through on this >> well, house bill kind of followed the framework that was put out several weeks ago by the

administration the senate bill really dovetails on to that there are a few nuanced differences. the senate bill increases the mortgage debt amount up to the current standard of a million. they do totally take out state and local tax. they kept the basic premise the same doubling the standard deduction. moving the tax rates around a little bit most taxpayers, especially moderate should enjoy some. >> let's start with a single mom with one child she makes $30,000 a year how would she fare >> she is right in the middle of the bellwether in the good spot. middle income, moderate family single mom making 30,000 with a dependent would lose the exemption which might be problematic. she gains on the child tax credit up to 1600, 1650 on the senate version many take the standard deduction. she will end up a winner to the

tune of 700 on the house bill and more on the senate bill. >> that's a big number. >> family of four, couple with two kids let's say they earn $60,000. >> they will lose the exemptions but they make out on the increased standard deduction up to $24,000 they make some in roads on the child dependent health care and then the tax rates so they end up in a sweet spot as well to the tune of almost 1400 or even higher. >> all right finally, let's talk about refired people because we've heard some retired people complain about this pretty loudly a single taxpayer making $75,000. would they be paying more or less in taxes? >> they will do real well. they lose the exemption but retirees generally don't itemize. they'll double up on the standard deduction some of the tax rates come out favorably. they'll probably do real well under both the house and senate version of this bill. >> let's talk more broadly about

some of the bigger issues because, again, as we mentioned, the joint taxation committee saying that 20% of people will be paying higher taxes ten years from now part of that probably has to do with where you live. let's assume under the senate rules, which would not allow you to deduct anything for state and local taxes, what would that mean for somebody living in new jersey and connecticut and new york and california and illinois >> i think it will be important to keep in mind that not everybody has a high income, high mortgage debt and a high property tax bill. so that 20% that you referenced earlier, those are really the high income taxpayers who might lose a little bit on that property tax deduction. >> who's in the 20% that's going to be paying a higher rate what the joint committee on taxation said the 20% that will be paying a higher rate include some of the middle income people because of what phases out in seven or eight years. >> that's the important detail that shouldn't be lost there's no particular demographic that wins or loses when you hear that one

particular segment is going to be paying more or paying less, you kind of have to take in their entire tax profile depending what constitutes their income makeup. >> the good news is nobody's going to be able to do their taxes on a postcard, they'll still have to come to you to get them done. >> we don't do taxes on a postcard they went out in the electronic age. >> good news. >> good news for all taxpayers i would tell you good news for americans. there's something in it for everyone. >> it's going to be confusing. mark, thank you for your time today. >> thank you for your time now here's a look at what's making news as we head into the new week "on the money." don't look now but oil prices hit a two-year high thisweek they climbed above $56 oil prices matter because they're the biggest driver of gasoline price joos it was a mostly down week for stocks. the dow with its worst day in two weeks on thursday with concerns about the tax bill to blame. the s&p 500 and the nasdaq both

closed at record highs on wednesday though that didn't last for very long the market was mixed on friday amazon was cutting its prices. it includes board games and gadgets among other items. the move is probably aimed at walmart. up next, we're "on the money. an otm investigation of a rising tide of thefts what criminals are targeting now and why it's hard for police to do anything about it. later, kobe bryant may be retired on the court, but he's upping his game when it comes to business we talk to him about who he looks to for inspiration right now a look at the stock market at the end of the week.

it's been less than three months since hurricanes harvey and irma made landfall 63,000 boats were damaged or destroyed in those storms according to the boat owner's association. and the insurance industry is still getting slammed with a triple whammy. both claims, insurance fraud and boat theft investigators are especially surprised at what boat thieves are targeting. contessa brewer is here with the story. >> so many americans love taking their family and friends out for a day on the water jet skiing, fishing, relaxing. power boat pirates put an abrupt end on those targets they're targeting outboard motors the engine of choice for thieves, yamahas here in the wealthy enclave of gables by the sea, we see expensive boat after boat docked on the intercoastal water way. so many of those highly sought after yamaha engines. >> unfortunately, with the amount of water ways we have

here in miami dad county, it is a target rich environment. it's easy to steal the engines we've had a big influx of stolen engines or lower units they can pull up so it's out of the water like this, take off six bolts, take the lower unit and take off >> florida sees more boat thefts than any other state surveillance cameras routinely capture those burglaries in progress, yet the recovery rate is just 36% according to the national insurance crime bureau, and that's for the boats engines are easier to transport and to hide. >> i believe we were just watching the subjects trying to take a boat motor. >> miami-dade police sargeant james barrett says it's very difficult to trace the stolen engines, in part because serial numbers get erased or altered. >> we have to start from the manufacturer and work our way back to see where that motor is supposed to be right now through the records.

>> all these yamaha engines sitting in plain sight even experienced investigators can't tell if they've been stolen we're there when a team of miami-dade police officers shows up unannounced to a boat repair shop it didn't take long for them to find what they suspect is a stolen boat and two stolen engines. one of them, a yamaha. >> this engine here doesn't have any number it has a sticker where it used to be but the number seems to be obliterated or for some reason it's not there so without that, without that, this particular engine, i can't identify who the owner of the engine is. >> police remove the boat and two engines for further investigation. the owner of the yamaha engine shows up he tells us he paid $3500 for the used engine from a local repair shop. >> what i worry about is losing the money. i no worry because i don't do anything wrong i just pay the person. if you go to ebay, you know who

the person, you buy something, you don't know >> part of the problem here is there is no national database compiling engine thefts, but insurance investigators say they a are' seeing a huge spike i spoke to a texas businessman whose dealerships have been hit six times. he installed the sophisticated security cameras and the cameras caught the thieves coming back again and again, same m.o., crashing through the gate, using the forklift to get the stolen engines on to a stolen flatbed it's crazy he's been hit six times in texas over and over again. has lost $700,000 in boat engines to these sophisticated thieves. >> contessa, thank you very much. up next, we are "on the money. the billion dollar market that many retailers are ignoring. we'll talk about how woman is changing the game. the holiday shopping season is here. we have the best deals for black

friday and cyber monday. is this a phone?

or a little internet machine?

it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. finding something to wear that makes you look good and feel good can be challenging it's even harder to find clothes when you're one of the 100 million women who are size 14 or above. three years ago nadia bougourawa decided to leave her corporate job to start her own company. >> thank you for having me. >> it's a big move to say i'm

going to give up my wall street career to do this. what got you to that point >> dia is just two years old but i've been a plus size woman all of my life some of the formative years have been on the shopping floor and how painful. eventually i realized that i wasn't alone, there are 100 million women in this category being a part of creating change for an incredible community of women was enough to leave the wall street job. >> how does this work? why don't you walk me through this. >> we work with brands to enter plus for the first time. we build our own brands down through creating the content in the community to inspire them to participate. in the middle she has access to a stylist to help her curate what she's seeing, that it's her style, her budget. overall, really creating an opportunity often for the first time for her to enjoy retail. >> that is the full deal, if you are actually creating brands, the clothes that go into it down to trying to figure out what

every individual customer wants. how did you get your arms around all of that? >> the really surprising stat in addition to the fact that the community is as large as it is, the woman is spending 20 cents on the dollar. >> because there's nobody catering to them >> exactly if you think about how many problems are inherent in a gap that large, we've taken a comprehensive view we've said every part of this challenge for her is part of our job. we put her first always. we are exclusively dedicated to serving this woman that has resulted in us having a comprehensive service. >> there are a lot of people who look at this and say, oh, my gosh, i don't know where to begin. i have an idea i'd like to start out with, too. what's a problem you ran into and what would you offer in terms of advice in looking for somebody to do this, take their idea and make it real. >> it is definitely a challenge. i think building anything from scratch can be a challenge the antidote is passion. women have a super power in our

resilience which is ultimately one of the biggest successes. >> thank you for being here. >> thank you for having me. in fact, whether you are looking for clothing or just about anything else on black friday and cyber monday, those holidays are coming up better get ready shopping that weekend, by the way, can be overwhelming it can be chaotic and it can cause the savviest of shoppers to make rash decisions how can you stay on budget gift card granny joins us now. thank you for being here. >> thanks for having me. >> you need a game plan when you go into black friday >> you absolutely do don't try to conquer all of your shopping in this quick weekend i would focus on things that are historically the most deeply discounted. >> which are what? >> falla parl. small and large appliances and small kitchen appliances that's where you'll find the deepest discounts so focus there. >> where should we hold off? what are better buys further

down the road? >> holiday decore, winter apparel, linens. they are deeply discounted in december and even better off in january. >> but i still can get better deals if i wait until before christmas? >> yes, you can. >> in terms of trying to find all of it, this is a great time to get out there but it's overwhelming how can you help me to narrow it down and get a better handle >> i have four tips. i would look for a place that has all the deals in one place i like slick deals.net they have a dedicated black friday page, black monday page there are a couple of ways you can maximize your savings while you're shopping. shopping the discounted gift cards. there's a site called gift card granny they have an app where you can look for gift cards for the retailers you intend to shop with just by shopping with a card you can save on average 2 to 30% the savings are substantial

there. my second tip sort of on saving extra is to try to earn cash back while you're shopping online there's a desktop extension i like call the swag button. it's by swag bucks.com while you're shopping around it alerts you to cash back opportunities that you click on to activate. you earn points that can be redeemed in cash and gift cards. the last thing i would say is a lot of us have this fear of missing out. we don't want to miss out on a better deal of something. >> fomo. >> fomo. exactly. there is a new service called earny. it scans your e-mails for the purchases you're making online and it looks for price drops it takes a little cut for their work you can literally sit back and not worry. you know you're getting the best price no matter what. >> thank you for your time. >> my pleasure any time. up next, "on the money" a look at the news for the week. taking shots on gate tore rain

and why kobe bryant says old school doesn't cut it anymore. >> i can call you from a rotary phone, but i'm probably not going to do it

here are the stories coming up that may impact your money this week. in 1972 on this day the dow closed above 1,000 here we are above 23,000

on wednesday we'll see just how the consumer is doing when retail sales are released and we'll be getting a measure of inflation with the consumer price index. on thursday the industrial production report is out that measures the strength of manufacturing. it also happens to be the day that harry potter and the source ser remember's stone came out. we'll see how many new homes were started. you know him from the basketball court but these days retired hoop mogul kobe bryant is shooting for success. he wants to take on one of the biggest brands out there we have more. >> reporter: kobe bryant has long dominated the hardwood. now he's chasing the new drink >> $300 billion drink. >> reporter: as part of that plan, the five-time nb a champin is the third largest investor in a new sports drink. >> in 2025 we want to be the

largest sports drink >> it was founded by beverage icon and he's known for creating vitamin water and smart water. billion dollar brands that coca-cola bought the sports drink category has remained stagnant over the years. pepsi's gatorade has long dominated the market followed by coca-cola's power aid. body armor has 3% of the market but a new deal with ufc in the 110% annual growth may mean there's an opportunity. >> innovation is the key to anything if you come out with a great idea, it lacks substance, originality and innovation, you're not going to go anywhere. we have innovation. >> and gatorade hasn't innovated. >> the same beverage we drank in 1965 is the same that's in there. >> they've got colors. >> they've called artificial colors, red 40, yellow 5

who wants to give that to athletes and children. >> i can call you from a rotary phone but i'm probably not going to do that. >> reporter: the former lakers star says this has given him unique access to some of the greatest minds in business. >> elon musk i think is a genius the amount of research and study he does is unheard of. the most important thing is imagination. you can learn anything you want to learn study all these things that you have in a book if you don't have the imagination to take it to another level, it doesn't mean anything i think elon, i sat down and spoke with him for a couple of hours, it was a real joy. >> koeb buy's much more than a pitch man. he has coordinated sponsorship deals. leads the creative direction and even helps with flavors. whether bryant's skills translate to the business world is yet to be seen but analysts are impressed with body armor's growth. >> kobe could end up making more money in drinks than on the court. he previously sold his last

beverage company to coke for $4 billion. if they can repeat that success again and kobe owns a significant chunk, can he make hundreds of millions of dollars. >> not bad chunk change. does he have any other aspirations? >> a lot of them he thinks of himself as a torey teller he has a story telling deal with alibaba, he has nike shoes and his own venture capital firm there are a lot of projects going on. >> that's awesome. that is our show for today i'm becky quick. thank you so much for joining us next week, you may know about eloise and new york's plaza hotel. if not, we'll tell you about it. we'll take you inside for the tour of an amazing penthouse apartment. each week, keep it right here. we're "on the money. have a great one and we'll see you next week. whuuuuuat?rtgage offer from the bank today. you never just get one offer. go to lendingtree.com and shop multiple loan offers for free! free? yeah. could save thousands. you should probably buy me dinner. no.

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hey there. we're live at the nasdaq market site on this chilly friday afternoon. look who stuck around? guy. well, guy and the crew are getting ready, here's what's coming up on the show. >> my fellow americans, our long national nightmare is over. >> that's what investors hope is the case with struggling shares of general electric, and they might get their wish come monday we'll explain why. plus, the walmart price. >> just hit an all-time high, and there's something that suggests shares could go even higher wheth