. hi, everyone welcome to on the money. how it's raising the risk in the real estate industry and even if you're not buying or selling, you want to hear about this. bus cloelgts and confidence. it really matters. tressing up is more than it seems. >> yesterday i was worried about how i'm going to dress. >> have we got a deal for you. designer tommy hilfinger's digs in the blah za city hotel.

what would eloise say. this is "on the money. we begin with kids and money. how do you teach them to spend smartly and save wisely with cash, credit cards, and digital currency, how do kids begin learning we spoke to adults about kids and money lessons. that's our cover story today. >> my children, my grandchildren, if we give them gifts of money, put half in the bank and then buy yourself something wonderful. >> if we give them things, they get too spoiled. they don't know what the value is because it's handed to them. >> they want, they want, they want, but no one's taught them they have to work to get what they want. >> they should always have an allowance and get to respect it. >> i had to learn to use it. i've used that philosophy. >> children aren't taught.

they are influenced by those around them. impulse buying. >> they say, oh, i really like it i always say stop, do you want it, can you use it, can you afford it before you buy it. >> the wants and needs the things they need, we'll provide for. the things they want they have to work for. they know the difference between the two. >> i like buying candy. >> yeah, me too. that's a wise range of financial wisdom how do we raise those children great to have you. >> great to be here. >> how early should this start pre-k? >> as soon as possible the little girl said she loves to have a candy bar. do you need it or do you want it let's talk about how to delay your gratification for getting that candy bar until the end of

the school week or if you have a candy bar during the muddle of the day, you can't have dessert after dinner. >> make sure they realize there's not limitless quantities. >> exactly get something little and build your way up. so if you get something at the store, then you may not be able to get anything over the weekend and go out with the family or go see that movie. >> it's good to wait and want something for a little while. >> exactly. >> what do you do when your kids get into elementary school >> you can talk more about money lessons, how do you spend and save and spend wisely and start talking about how you compare. this is why i'm buying this, this is on sale and this is one you like and we're going to get this one today but we're not going to get the more expensive product. this may be the time to think about allowance or doing chores.

paying for chores, you may not want to do that. it could lead to negotiation allowance needs to be consistent and you set the ground rules and how they attain that whether it's a dollar by how old they are. >> that's interesting. the idea you don't want an allowance in exchange for chores because it's a negotiation and you should be doing the chores because you're part of the family. >> also it's a good way for kids to learn how to manage your money. as the young woman said she learned to do it as a child and now as an adult is better able to manage her money. >> i guess in middle school you've picked up more money from others and as you get to high school, you a real job what happens in those stages >> i think middle school is the time to introduce the idea you have certain things, others may not have that.

teach them about the income disparities by discussing it. >> that's a good point and then in high scoot that you really need to start to teach your child there there are a lot of school activities which ones are you going to do are you going to find your own closes and how are you going to budget. >> what were people's mistakes when it comes to money >> not talking about it. the hardest thing is to make a financial mistake. even harder is to discuss it having those conversations lets them know it's not free, puts a value on it. because often what we see them do is use credit card, go online and things disappear. >> and that's not magic.

>> you're paying interest. all of those things are things they need to know so they don't think it happens. >> that brings us to another idea you start thinking about apple pay and vinmo and bitcoin. do you talk to your kids about that >> i don't i want them to learn about the value of money i try to use cash. the reality is they're going to be as adults probably in a more cashless society, so we do need to talk about the value of money and the value of things and you can do that and introduce some of these concepts and digital currency as well. >> sharon, thank you so much. >> my pleasure. >> really appreciate it. >> sure. >> now here's look at what's making news as we head into a new week on "on the money. americans spend more money than

they did did in september. but not much restaurants, retail, and online spending were all strong gasoline fell a bit. consumer spending is closely watched because it makes up more than two-thirds of the economy tech closed on thursday because of the tax reform. there were ugly days earlier in the week stocks fell, though, on friday if you're planning on hitting the road for the thanksgiving holiday, there may be even more traffic than expected. aaa says about 50 million americans will travel 50 miles or more over the holiday that's 1.5 million more than last year and expect to pay high gas prices than 2014. how would you like your signature on dollar bill steve mnuchin seems to like it

he and his wife posed. next, how opioid is hitting places you might not have thought of the new technology that might help. and later, giving back the fashion entrepreneur who's empowering young women with tense and a new dress. right now, though, take a look at how the stock market ended the eck woo.

when you put your house up for sale, you put your trust in a lot of people, your realtor and potential buyers who are just real curious. the opioid epidemic is making it even worse now there's a new technology available for what may be a life-saving solution our diana olick has more.

>> reporter: being a real estate agent has never been the safest job. after all, you're meeting strangers in empty houses. now the risk is even higher due to the opioid crisis. >> when you're talking about opening access to a home, to an environmental where prescription drugs may lie in a medicine cabinet of a house that's listed for sale with doing no vetting or checking on an individual and giving them access to the house, i think we're feeding into a crisis by creating these channels of easy access drugs. >> he's offering real estate firms and licensed agents deep background checks on clients using high-level regulated data from its parent company co-subsequent. not just criminal history but financial and personal information all on desktop or mobile app it's the kind of thing janet tisdale realized she had in

2010 she was hit over the head by a drug addict who booked a tour with her in a $50,000 home he then held her hostage, dem d demanding money. >> i had googled him the week prior and i couldn't find anything out about him, so it made me feel very councomfortab about him. >> she convinced him to go his car to find a piece of paper when he did, she ran and got ahold of a police officer. >> he held me hostage on the front porch for 45 minutes and it was a very scary situation. >> reporter: he saids he technology is not just about raising a red flag but a yellow flag so if even the basic information a client gives the agent isn't true, the ajejt will know not to show up to the meeting alone. >> this is proactive rather than

preactive. in terms of yellow flags as we see them, maybe first of all that the phone number doesn't match who the individual says they are. >> reporter: tisdale agrees the more information, the better. >> i guess i was aware but you think it's never going to happen to you, but it can, it does, and it did. >> reporter: most real estate agents carry some form of self-defense, including pepper spray and a gun. >> it sounds like it's targeting licensed real estate owners but couldn't it be used for homeowners as well >> it could. i've got about lots of calls and e-mails. they've found plumbers, electricians and others rummaging through their cabinet.

this is high-level data so they're only giving imto real estate companies and high end firms. up next, "on the money." they're paying it forward to help teen girls believe in themselves. and later you may know tommy hilfinger from his fashion line. these days he's selling something else, and you have to see this to believe it jimmy's gotten used to his whole room smelling like sweaty odors.

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whether it's a homecoming

dance, a holiday party or a prom, findinging the perfect dress can be excessive and an often impossible task for low income girls they're donating new, never worn before dresses to girls in need. we wasn't to one of the events at the barrels and girls club in hoboken, new jersey, and let's just say the girls were pretty happy. >> all right, here we go we're going the see who goes first. >> believe in yourself is the brainchild of sam. he's been doing this for over a decade he wanted to give back to promote healthy self-esteem and empower young women. >> some of these girls are from single homes whose mother is struggling so it was a big deal for quite a few. and then some, they're used to wearing dresses, so for it to be a fancy type dress, they're just ecstatic to be able to choose

and pick. >> i really like dresses, i really do. >> i wanted a new dress really bad, especially for prom coming up. >> i was like, how am i going to afford a dress they're really expensive they're like $300 a dress, which is really crazy. i like that they give them away to people dwhoenlt have them. >> along with dresses, the event provides happiness. >> one of the things is you have more positive people in their life. >> do you have a goal for the school year. i want to come back and give dresses again, but i want you guys to achieve this goal. >> joining us is the founder of the believe in yourself organization sam, thanks for being here. >> thanks for having me. >> what inspired you >> i started a retail company about ten years ago called us trendy through that process i'd get

samples and give them to celebrities. i thought, they have clothes i've got to do better with this. i'd go into areas and hand out the clothes and in january i thought i'd socially give it and i thought why not move this into speakers an mentors as well that's how it's come together. >> what's been the response? >> it ee amazing a lot of them have the confidence to a new dance, they never had a new item before. they never asked a boy to a dance. a girl who's a talented mao sifgs, she didn't have anything to wear to her recital, so we gave it to her we try to tie the second donation to some kind of achievement so i ask all of them to set a goal. i say i'll come back if you achieve this goal. i'll give you another goal

it's about forward progression to another goal. >> what are the goals? >> some are like i want to go from "c" to "b" in chemistry, another wants to be in in the nba and another wanted to start on basketball. >> you must have started small. >> right. >> how did you ramp up. >> >> initially they were samples and we ran out and then i started buying them myself we're looking for others to start donating we're proeng going to do about 10,000 on month. >> you mentioned cyber bullying. i read something this week about an enormous number of girls, maybe 80% or more have had terrible feelings after seeing things online or feeling bad about themselves relative to what they see them doing. >> it's a huge problem. >> when i was in school, bullying would happen. now this is following the kids home with the internet and

social media and all that. i thought that was important to merge that into this as well. >> what kind of lessons or tips do you have for parents, people who are worried about what the can do what are some of the signs >> the first thing is if you're a victim, you ignore it. the second i think is like as a community to practice, you know, positivity and also like if you do see someone being bullied or being a victim, step up. a lot of times, bullies look for validation the third is, you know, if your kid is experiencing issues on social media or cyber bullying, have them take a break from it havethem put the phone down or support their hobby or get unplugged. i'm getting instagram notifications as we speak. kind of getting unplugged. >> sam, thank you so much for your efforts it's great to talk to you. >> up next on the money, a look

at the weeks ahead tommy hilfinger is putting his plaza penthouse up for sale. we'll get a tour and see why it's going for $50 million. >> i enjoy having coffee on the terrace overlooking the park thanks for loading, sweetie.

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may impact your week tuesday, the numbers come out. wednesday, john f. kennedy was shot and killed in dallas. on thursday it's time to be with friends and family and give thanks we wish you all a happy thanksgiving on friday markets close early and it's black friday. it's one of the biggest shopping days of the year millions of americans are expected to get a jump on the holiday season in the heart of management overlooking central park, the hotel has been iconic for decades. it's also home to one of the biggest fashion moguls and now this one-of-a-kind penthouse is up for sail. our robert frank has more. >> reporter: high atop the plaza hotel in new york city is a penltshouse like no other. this is the $50 million mega apartment of billionaire fashion mogul tommy hilfinger.

every room inside this classic all-american classic is a due imagine to the hotehotel. just off the great room is the living room with breathtaking views to central park. through this door is tommy's library that features a sign that once held in the yrj nall times building in the retro kitchen is a one-of-a-kind fig that's close to tommy's heart. >> we have the eloise dome which my family loved. >> reporter: that's right. he has a tea room from the famous eloise. he even commissioned the book's illustrator to hand paint the walls. but tommy said his favorite part is up one level past his king side bed with monograms pillows and through this door to what

you might call hilfinger heaven. >> i like waking up in the morning and my wife and i enjoy having coffee on the terrace overlooking the park it's serene, quiet, and majestic. >> on the other side of the penthouse are the kids' rooms. his young son's room is nautical themed in red, white, and blue and the crystal chandelier is shaped like a ship his other son's room is a tribute to rock and rollers and some of the music groups that passed through over the years, colludes the beatles so what makes it worth a cool 50 million bucks? tommy sums it up like this. >> location, location, location, and i think also the fact that they'll never build another building like this and they'll never build another apartment like this ever anywhere. >> now with everything this penthouse has to offer, why is tommy decided to sell it

well, he tells us he's changed his lifestyle, he's traveling more than he used to and this penthouse has served him well for over ten years for "on the money," i'm robert frank. >> as you saw in that piece the townhouse was a duplex that wasn't always the case. he originally bought two apartments and combined them into one it's a good life if you can get it, right? that's the show for today. i'm becky quick. thank you for joining us. next week meet two sister entrepreneurs. they're cleaning up. we'll explain. keep it right here and we'll see you next weekend i love you, basement guest bathroom. your privacy makes you my number 1 place to go number 2. i love you, but sometimes you stink.

febreze air effects doesn't just mask, it cleans away odors. because the things you love the most can stink. and try febreze small spaces to clean away odors for up to 30 days. breathe happy with febreze.

we're live at the nasdaq market site on this expiration site the guys are behind me getting ready. while they're doing that, here's what's coming up on the show >> buzz buzz sound when you hear this signal, hang up ♪ mr. telephone man >> but don't hang up on at&t and time warner. because the options market is betting that shares of "t" are ready to take off. we'll tell you how to play it. plus - >> there's no place like home. there's no place like home >> and the's