opened in texas on november 17th, that it's just a pop-up store. a department store with pop-ups built around a really good restaurant customers love that stuff. it's aulg new, different, interesting. can they make money? that's the question. >> we shall see. >> thanks for coming in. up next, we're on the money. there's one segment of online shopping that's coming under fire this is a story you have to see. later, need some holiday ideas for the kids try this idea that keeps on giving we're going to tell you all

about it right now, we're going to tell you how the stockmarket ended the week

shoppers spent more than $6.5 billion online last year in just one day, cyber monday some of money going for online subscriptions. but as andrea day reports, some businesses are under fire with the feds now cracking down

>> hi. i'm morgan. >> he's the founder and ceo of adore me we first heard the story on cnbc's power pitch more than four years ago, a segment where experts get to pitch their products. >> i'm not a fan of a customer going to the subscription site. >> subscription ecommerce programs like adore mes where you're charged every month to receive products are booming according to a recent study, the market growing more than 800% from 2013 to 2017. the top companies raking in more than $5.5 billion just last year, but when it comes to the plans, consumers can lose out. >> we continue to monitor this area for fraud because it's an area that's rife with problems right now. >> james calm as is assistant director of enforcement.

>> what do you think we could be talking about financially? >> well, we're certainly talking about hundreds of millions of dollars and maybe over a billion dollars every year out of the economy. >> nearly 3 years after cnbc bussed adore me off the segment, the ftc slapped the company to pay $1.3 million back to customers. >> they had a business where if you didn't buy each and every month, you could bank the amount you wrmtd spending what they failed to tell the consumer is if you canceled the service, you lost all the money that was in the bank there was no disclose eur of th at all. >> customers were angry. they were like, i want to end my

subscription now. >> she was customer service. she ran the department for three years. >> people were cursing and going crazy. >> many had no clue they were signing up for a monthly charge. the vip membership was preselected at checkout. customers had to uncheck the box to opt out, and when she told management that customers were begging to cancel, it was like try to keep them no matter however you could. >> kassie was one of those customers calling in to get a refund after she ordered a bra and underwear set in 2015. >> it wasn't comfortable it wasn't soft i wasted $25 i won't shop there again at least that's what i thought. >> until she said her car got declined adore me was charging her and keeping hundreds of dollars as credit. >> you had no idea.

>> none. >> adore me then cleaned up its act. according to the order, they did not admit ordeny any wrongdoing. >> they did give it back they gave it to us in the form of a judgment in court. >> the company did not respond to our repeated request for comment. >> to make sure you don't get locked into a plan, take your time at checkout and read every single box so you're not signing up for a charge you don't want for "on the money," i'm andrea day. california recently put a new law in place saying you need to be able to cancel online if you signed up online other states will follow suit. up next on "on the money," check out this savings twist the perfect gift for your growing kid. later, are you looking for a gift of gadget we'll have some ideas for affordable tech gifts this holiday season stick around we'll be right back. xfinity mobile is a new wireless network

designed to save you money. even when you've got serious binging to do. wherever your phone takes you,

your wireless bill is about to cost a whole lot less. use less data with a network that automatically connects you to the most wifi hotspots in millions of places and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $200 back when you when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. it's the season of giving, but what to give your child can be a big challenge one option is opening an ira with a twist a roth for teens sharon epperson also gives a lesson in charity. it never occurred to me before parents a lot of times open a savings account. what do you do for a roth ira

for a teen >> you can open a rocket ira for anyone it can be a parent, grandparent, a niece, a nephew you open it up for. the only thing that has to have happened is this minor has had to have earned some income ore the course of the year you can contribute for them up to the amount that they've earned that year and they can contribute themselves. so the idea of teaching them how to save, invest that money, get a matching contribution from an adult that loves them, it's a great teachable moment. >> i can understand. what happens can they not touch that money until retirement >> the benefits of a rockth ira for a kid is the same as an adult. your money is making money tax-free and you can with draw

it has to be a qualified withdrawal, but the great things is your contributions to a roth ira are yours to take out at any time. >> what are the pit falls? >> those are some of the pit falls. you have to make sure when they turn 18, they've learn over the course of the time that they've had it, what the value is, that they're not going to andre that account and get the 10% penalty and pay taxes on the money you have to look at the markets. you're looking at something over time, not today. think about how much money a 15-year-old who puts in $5,500 a year by the time they're 70. you can put a maximum of $5,500

every year for 55 years. >> 15 to 07. >> you'll have $3.4 million. after age 50, you can do a catchup contribution, an extra $1,000. >> the long runway when you're investing and you have decades for this to build up the big difference comes in the end year when you start at 15, you have $3.4 million if you wait till you're 25, it gets slashed in half that's what you have to remember you have to start early. >> if you are 45 and you haven't saved enough, then your child if they start now at 15, will have eight times as much as you would have when they turn 7 0e. >> we can save them all from making same mistakes we had. >> it's a great example.

and giving back can be a great charity. they can help you later on. >> thank you, sharon. >> my pleasure. up ahead, news in the week ahead. and what if alexia was actually a robot. kind of a pet with a personality too.

. here are the stories coming up that may impact your money this week. if you haven't gotten everything off your shopping list on black friday, don't worry, there are still plenty of deals to be had on cyber tuesday then the consumers report will be released. and it's also the national day of thanksgiving. by the way, the holiday spirit will be on full display we've got the tree lighting at rockefeller center. if you're looking to give some cool technology gifts, but you don't want to break your holiday budget, guess what we've got some ideas to help you out. dan architectureman is with cnet we've got some toys. thanks for being here. >> my pleasure. >> let's talk about some of the toys the first is the smart speaker.

>> this is the new version of amaz amazon's echo dot. it's been rebuilt and looks nicer. you then get a ta or $30 one for your house and you get the smart light house and plugs. the updated version looks cooler 's got a built-in speaker and they needed a refresh to keep up with google home and google assisted devices >> this is a smart plug. this does not look like any fun. >> it's only fun if you hook it to your christmas tree and say, alexia, turn on the tree you can plug it in with your coffee maker and other things which works with echo, google assistant, apple's home kit, which is seary so it's universal. >> let's talk about the

keyboard i'm addicted what does this thing do? >> this is a logitech k-380. it's a small compact almost a travel keyboard. it uses bluetooth to connect to three different devices at once. it can do your windows, mac, iphone. >> i could be typing on these things and typing on any of your devic devices. >> right you can have them hooked up and switch to which one you're typing to. >> here's a set that's actually 50 bucks. >> 50 bucks sound as lot better than -- >> usually you're thinking more than 200. >> yes, for those things >> do these actually work as well >> this is the tribitxfree

usually you hate them. this is around $49 and it sounds really good. it doesn't sound as good as a set of $300 bose, but for $50, they're great. >> also this other box you brought here is a tiny little thing. i can't believe it's a presenter. >> like every human being, i hate printers snow they're so annoying. >> i finally found a printer i doenld hate as much. this is hp's tango x it looks like a book you list this up, and there's your printer. >> let's talk about the robot.

>> he doesn't fall off he'll talk a photo of your faus and do facial recognition and he's adding support later in december. >> is he like r2-d2? >> he's more helpful i put him in front of 7- and 8-year-olds and they were amused for hours. >> sold. that's the best review dan, thank you for joining us. >> thank you. >> that's the show i'm becky quick. thanks for joining us. neck week as the year is winding down, we've got money moves for you. keep it rietz heard "on the money. have a great weekend, and we will see you here next weekend [orchestral music]

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