hi, everyone welcome to "on the money." i'm becky quick. why one third of them may go away and what can be done about it. a hallmark moment. how one greeting card company stays relevant and profitable in a digital era. it's the holiday season but who wants to think about taxes you do you're in the tips the save money. and gadgets on the list, we've got them no matter your price range. "on the money" starts right now. we begin with jobs

in just a minute we're going to talk about an alarming report that shows one third of american jobs as we know them may disappear. first we want to talk gaming and manufacturing. kate rodgers has an eye on virtual business. >> reporter: he grew up with the love of gaming and computers at 30 years old he found the opportunity to combine the two. >> it's a lot of fun actually. the best thing about working in this field is being able to solve creative problems on a daily business. >> nolan is a developer at eon for example, exxonmobil has used eon's virtual reality platforms to train engineers in oil and gas production. >> it's really young, so there's a great potential for new

applications. >> the u.s. is on track to spend some $3 billion on v.r. and a.r. this year. as the application of this technology spreads to medicine, education, and other fields. eon has grown from 90 to 150 and is looking to hire 150 additional workers. >> you need people who know programming skills, who knows how to build this rather sophisticated job. >> finding workers with this technology is challenging. that's why eon has teemed up with several colleges across the country to educate. >> we hope universities pick up our curriculum and expand their new work force. >> we're here at training. the students can code the background behind me to do

different things it's really, really neat worldwide revenue expected to grow each year you can expect job opportunities are going to become bigger and bigger with the industry back over to you. >> thank you very much, kate rodgers. many jobs will be lost or at least sig significantly changed because of ought machlgts a third of the work-force could be displaced. what industries are at risk and what opportunities will arise as a result joining us right now is michael chui let's start with the report itself the headline is almost unbelievable about a third of the u.s. workers and 800 million globally could lose their jobs by 2030.

>> the other thing to point out, it's not just 16% of jobs. it's 16% of work in some cases that will spread across all of us we all have some percentage of our work which could potentially be automated in many cases that's the work we want to do least we do see enough work for people to do. the real challenge is transitioning people from the jobs of today to the job of tomorrow we don't see a real apocalypse in which all jobs go away. >> let's talk about some. >> one is physical activities and predictable environmentals those are things we see in manufacturing on the assembly line but we also see it from health care all the way to agriculture. the places where we see additional demand potentially for labor come from a number of different sources. so for instance around the world

we see people becoming more prosperous, so another billion people entering the consumer class. that's going to be everything from cars to apparel to media. we say aging we'll need more care workers, whether it's for health care or other services so we do see a lot of demand for additional jobs as well. >> michael, how is this any different from what we were seeing since we're an egg waria society? >> part of it is we have been automating for 150 years and we've always created new jobs. are things slightly different? certainly they're different in terms of artificial intelligence and the new sets of activities which now can be automated but as we analyze the differences between the past and the future, in many cases we found a lot of similarities. it still takes time to adopt

these technologies over time. that gives us time but we really do have this grand challenge to be able to retrain people, particularly past the first two decades of life. that was one of the great stories to moving from agriculture to manufacturing there was no real high school at the beginning and now there is the real questions for society are what are the same kinds -- what are the analogous investments we need to make now so we can train the work force going forward? >> i guess that begs the question, one of the political implications because we do know that political backlash of what's happened as the wealth gap has kind of broadened out over the last decade or so what next? >> a couple of things. we're not political experts per se, but i do think it's important at least from a public policy standpoint to understand these trends, to make it part of the dialogue another potential source of concern is we've modeled out some of the impacted, particularly in countries such

as the united states is they could increase income inequality that's another set of challenges to think about whether or not there's going to be mass unemployment we need to think about mass redeployment and also whether or not people would be paid enough for the jobs of the future it looks like there will be enough work. we just need to get people into those jobs. >> thank you for your time today. >> thanks, becky appreciate it. now here's what's making news a strong unemployment note for record the economy added 228,000 new jobs last month. that was better than expected. average hourly earnings climbed by 0.2%. the unemployment rate held steady at 1.1% job growth was strong in the business and manufacturing all that sent stocks up on friday after the doucet a record earlier in the week. the nasdaq and s&p 500 took a breather during the week the stocks closed on friday. don't look now

there's a fast food price war breaking out mcdonald's is offering a menu with $1, $2, $3. those include a hamburger or cheeseburger happy meals will be $2 they'll be competing with subway and taco bell. this falls into the category of "is this really a good idea?" facebook has a new app for children up to 13 years old. it's a new market. oh, goody. again, are we sure that this is a good idea. anyway, up next, we're on the money. it's been a holiday tradition for more than a century. but with fewer people actually sending cards, can seasons greetings survive social media. and later the clock is ticking on valuable tax breaks the moves to make before the ball drops on 2017

right now take a look at how the stockmarket ended the week

one of the pleasures of the holiday season is opening your mailbox to find cards from friends and family, but is this tradition fading or just changing lindsey roy is chief officer at hallmark cards lindsey, thanks so much for being here. >> thank you good morning. >> i still get cards but a lot of the cards that come in are personalized cards, like they go to tiny prints, shutterfly, or some of these things how are you adapting with how people buy or make or what they do with these cards. >> this year there's a lot of photo cards out there.

but the core of the cards i pick for you are still striving in stable business. 6.5 billion cards are still given in the u.s. >> that's amazing. i think hall mark is 50% >> yes. >> how has the market changed over time? >> it's interesting. people assume greeting cards are like books or cds or one f those categories, but it's a category that has perennial benefits over time we'll see for instance millennials are texting and you can social media, so the card for them has a different benefit. it breaks through the clutter. it's a timeless category and one of the things we're seeing, our holiday sales are up this year and as we continue to watch that, there's so much divisive stuff happening in the world right now and our cat doir is one that putting that up. >> card sales are up this year from last year

>> they are. >> that's impressive i picked up some cards this week they're beautiful but expensive, $8.99 and $9.99 in some cases. who will cough up that money >> it's a good question. our cards range from 99 cents to $9.99. we see people buy across prices and partnershortfolio you think about the occasion. >> think about your younger kids if you're going through ten birthday cards a year for a 4-year-old that's a little different than your daughter's special 15th birthday. it depends we're committed to having options for everybody stoo what about stores we hear how retail stores are under pressure i've always gone to the hall mark stores. is that still going to be happening down the road or are you transitioning that more online and other places? >> like all stores retail is

being disrupted. we all know that we're having to change with the times as well. our portfolio offers cards we sell online as well as we're committed to our own stores. our stores are continuing to challenge ourselves and our store associates to say how do you make it unique and experience i think the answer will be all of the above like every company, we're adapting with the times. >> lindsey, thank you for your time. >> you too happy holidays. >> you too. are you worried expected changes in washington may actually increase your tax bill? the big breaks you should grab now while you still can. and later, are you looking for gift ideas, everything from stocking stuffers to gift splurges, we have you covered. f. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time.

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download the xfinity my account app or go online today. when it comes to taxes, april tends to get all of the attention, but december 29th might be the most important date it's the last business date of the year and it may be the last time you can increase what you owe or increase what you get back when you file your taxes. senior correspondent and tax expert sharon epperson what can you do? >> maximize your savings contributions because you get big savings there. you want to sell your investment market it's not many but it's something to consider, i'm tell you why. and also review your charitable

contributions, your deductible expenses. >> let's start with this, the 401(k) most don't contribute. what is it >> the maximum is $18,000 for 2017 24,000 if you're older it reduces your taxable income dollar for dollar for a traditional 401(k) plan. you want to make sure you contribute as much as you can up to that max and also if you can't, or you don't have a 401(k) plan at work, maybe you can put money into an ira. you can put $5,500 into that or $6,500 you have until april start now. dollar cost averaging in is also very important and if you're self-employed or freelance, the solo 401(k) is amazing. you can put up to 54,000 into that plan. $64,000 if you're 50 or older. you have do that by january 1st.

>> we receive an upswing it could mean a much bigger tax bill for some people who are those people >> a lot of people are going to be getting capital gains distributions from their mutual funds. they're going to be happy about the market that's gone up. sell your investment losers whether it's stocks or bonds or mutual funds or etfs if you have any losers, look to sell those and use them to offset your capital gains. that's a great way to harvest your losses. sounds jargony, but there are ways to figure it out with a financial adviser. there are so many headlines coming out of washington about the changes that could be coming we're talking about something that could become law in three weeks potentially. hard to figure out through the noise what this is going to mean what should i do or can i be doing? >> you want to look at the deductions going away and ones that are impacted.

>> ones that are going away. >> charitable giving boost that right now one way to do it talking about the up market is maybe donate securities because there you won't have to pay the capital gains tax and you're going to get the deduction. also medical expenses. if there are things you're putting off and you could do it before the end of the year, take advantage now. it has to be 10% of your income. so look at that. make sure you have enough to really qualify to take that medical expense deduction. and then also make sure that you look at some miscellaneous deductions we're talking about job hunting expense or unreimbursed work expenses make sure you keep the receipts for those. if there are things to do, step them up and bunch the miscellaneous expenses now so you can take it for 2017. >> sharon, thank you so much. >> my pleasure. up next on "on the money," a look at the week ahead and not sure what to get your loved ones

don't stress we've got the coolest technology gift that fit every budget

here are the stories coming up that may impact your money this week. monday is the 9th anniversary of the arrest of bernie madoff who ran the largest ponzi scheme in history. tuesday is the first day of the jewish fevlgt of life. happy hanukkah, everyone. and voters in alabama will be choosing between republican roy moore and democrat doug

moore in the race for the senate. on tuesday retailers will raise interest rates thursday is the day to see the month of november. and folks go digging in your sweater bus friday is national ugly christmas sweater day. the holiday season is upon us and this year consumers are expected to spend more than $680 billion, but what if you have no idea what to get joining us now is dan ackerman from cnet to talk about every tech budget. thanks for being here. >> thanks for having me. >> you have the google home mini and the amazon dot. >> they are excellent devices. they're both about $29 from $50. >> $29 that's crazy. >> you can add them on to the existing echo or google devices. >> they work the same way. if i say alexia, what's the

weather. >> you can say alexia to the dot or, hey, google, what's the weather. >> so you've got one of these devices. you say both of them are great i can't believe the price point. what about the smart plug? >> it's a t.p. smart plug. these little pugs get smart home into your house. you give it a name turn on this or turn on this i hook up the christmas tree lights and i say, alexia, turn on the switch and i tuf tree an on the switch and it turns on the tree these are sound bug earplugs these are perfectly good for $55. you're not going to worry about

losing them or leaving them behind >> what is this? >> roku. if you want smart tv stuff, amazon, netflix, and youtube and all these other things you plug in a roku into the back of your tv this is the remote control for it and amazon makes a fire tv that does the same and apple it's fairly inexpensive. this is a 4k version for $70 they even built the roku feature into a bunch of tvs. what is this thing >> amazon fire tablet? >> how much is it? >> $150 but for black friday they brought the price down. it does video screamitreaming ad kindle. >> if you have a serious gamer at home, what are some of these all-out options you brought in

virtual reaction >> this is v.r. playstation. they've tens of millions of playstation 4s and they dropped the price on this for the holidays down the $199 and you don't need to buy a big $2,000 computer to run it on. >> i see you have a cool xbox here and what if you want somebody nobody else has >> this is the microsoft xbox one x. it plays the same games but it does 4k and a lot of the tvs and even budget tvs is 4k. it's easy to have 4k output. this is $499 if you want to go absolutely crazy, i tried out something crazy. it's a computer on a backpack that you wear and then you plug a p.c. virtual reaction headset into it and you get a hand set.

>> you look really cool. >> you play with no wires or desk or table or console or computer it's $3,000. it's overly complex. you need a friend to hook it up. but if you want to get something for somebody who has everything, that's it. >> it looks like they had fun in the office dan, thank you so much great to see you. >> that is the show today. i'm becky quick. thanks the kick of late night had a palace johnny carson's mansion is up for sale it's pretty nice we're going to take you on a tour each year, keep it here. we're on the money we'll see you next weekend tiara kind of day. r get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables.

hey, there we're live at the dmakz market site on a friday afternoon the guys are getting ready behind me, while they do that, here's what's coming up on the show >> i'm the king of the world >> boeing is having its best rally in decades we have a way to buy it for less than five dollars. plus -- >> you're killing me, smalls small caps have been lagging the market if history is any indication, it could be your best bet into year end. and later --