hi, everyone welcome to "on the money." on the road again, you may be all charged up for an electric car, but are the roads ready for them why getting from here to there may be be as easy as it seems. remember that little red wagon that you always wanted as a kid? guess what the company that makes them is still going strong now they're keeping up with the times. tis the season for giving, but what do the new tax laws means for your charitable donations? and holiday wines that pair perfectly with your wallet we'll put them to a taste test

"on the money" starts right now. we begin with your next car. would you consider plugging in instead of filling up? electric vehicle sales are speeding up with better driving and price ranges available our phil lebeau went to a tesla factory where battery packs and engines are made power surge is this week's cover story. >> tesla's factory is getting busier and better. more than 7,000 workers are building battery packs and drive units for the tesla model three. as sales of the electric car grow, tesla is planning on more lower priced models which means building battery packs at a lower cost the challenge tesla's auto president is confident the automaker can overcome >> the battery remains the costliest part of the vehicle. so it's really, really important that we improve our efficiency and the design so we make them more affordable.

>> tesla is well ahead of competitors when it comes to battery cost, partially because of the size and the scale of the giga factory but they question how long those advantages will last >> do they have an advantage i don't think they have a scale advantage for very long, i guess i put it that way because a lot of scale from battery companies is coming very, very soon. >> other automakers are planning to build and sell more electric cars, especially five or six years from now, so there will be greater demand for the law materials that make up batteries, like lithium. >> that concerns me a bit. if you're going to get a mind to start producing at capacity in 2022, you need to be investing in it today, investeding ing in putting shovels in the ground today. that is not happening at a pace that it needs to >> tesla is confident it will

have plenty of raw materials needed to expand battery production as it pushes to expand electric vehicle production and bring out more lower price models in the future becky. >> phil, what do you think, do you think the lower battery price is a key to a lower sticker price? >> yes, it is definitely the key. that is the single largest expense that the automakers have when it comes to building electric vehicles. and because those batteries are so costly right now, it means that the majority of the electric vehicles we see right now are higher priced luxury models where the automakers can make a profit. bring down the cost of the battery, you should bring down the potential to roll out more lower priced models. >> phil, thank you so much it's not just tesla. other major automakers are developing fully electric vehicles but will sales take off? if so, when? rebecca is executive analyst at kelley blue book thanks for being here right now. >> thanks for having me on

>> a lot of people like the idea of electric vehicles, but is it going to at any time in the future going to become more than just an idea to a reality? >> you know, i think we're starting to see products that people want to buy and, you know, electric vehicles are still under 2% of the new car sales every month. so it's a very small number, but what i like, especially recent products i've driven, the audi e-tron i just got back from driving. this is a vehicle that is finally normal it was completely transparent that it just happened to be an electric vehicle >> it just feels like a regular car? >> it just feels like a regular car. even when you brake. usually.electric cars are grabby you kind of jerk these were completely seamless >> how much of it is what you're describing, the electric cars feel so different and how much of it is these luxury vehicles how much of it is the pricing

holding back the average person from jumping in and doing it >> really, very little on the pricing. you look at a vehicle like the chevy bolt, the knee snissan le. these are very affordable. if you look at the new vehicle adoption curve, people that want a new type of technology tend to have a lot of money, anyway. so it's less about the budget and more, to me, about things like range anxiety >> yeah. if you can go 200 miles or if it's less than that, what if i get stuck somewhere. >> exactly so that is something that we're start to go address even more now. >> you mean the infrastructure or -- >> the infrastructure and the range. both so those batteries that was in the phil lebeau piece, we're getting more range we're getting over 200 miles of range. >> president trump is in the midst of his battle with gm, which has said it's going to be closing plants and putting more focus on electric vehicles if we don't have the federal

subsidies or if they continue to end after a certain number of car sales, what will that do in terms of dampening potential sales? >> so i would like to see the subsidies pleatly redone we are incentivizing the wrong people we're incentivizing early adopters that are risk oriented and have money so they would be buying these vehicles anyway. and the can $7500 tax credit is bonus for them i want to see the incentives completely redone so as these vehicles become mainstream, as we start to get into that $35,000 and $40,000 vehicle, we incentivize those people instead. >> okay. but we've already done it. >> right so i think we need the let them roll off i think these products are strong enough to stand on their own. the audi e-tron is in the $70,000 range. the jaguar, also in the $70,000 range. >> when you're looking at a range rover that's well over $1

4u 00,000, getting into that range is not out of the question for a luxury buyer >> rebecca, thank you. it's great to see you. up next, we are on the money. how many toys have been popular for a century? generations have played with the radio flyer and the red metal wagon is still rolling along and later, giving to charity won't be quite as easy we'll tell you what you need to know to get that write-off right now, let's take a look at how the stock market ended the week

remember this? the radio flyer has been iconic for generations. now it's in a picture book the author is radio flyer's ceo, robert passen. thanks so much for being with us here today >> great to be with us >> 100 years ago, your father immigrated to chicago from italy. >> he was a cabinetmaker and when he immigrated here, he put that to use right away and one of the first things he made was a little wooden wagon and he called it the liberty coaster after the statue that welcomed him to america. that business continued to grow and in the late 1920s, he started to mass produce the wagons out of steel which earned him the nickname little ford because he did for wagons what ford did for cars and he named that steel wagon the radio flyer. everyone always asks me why does the name radio flyer come from it's because they were the two

coolest high tech inventions at the time so i liked to joke if he was naming it today, he would probably kwaut it the quantum ai dronester or something like thatha that. >> what do you think makes the radio flyer unique and why do you think it's stayed popular for so long? >> i think it's because it's such a basic item. we get all of these photos and stories from people through the years. that's one thing that inspired us to put this book together one of the recurring themes in all the stories that people tell us is that their radio flyer was a vehicle of their imagination it could be anything they imagined it to be and it could take them anywhere they want to go >> it reminds me of getting dragged to go see fourth of july fireworks at my grandparents house. what was your first memory of the radio flyer? >> my dad was the ceo of the company when i was a kid he brought home a new wagon at

the time called the fireball 2,000 which was a muscle car inspired looking wagon and i remember riding that down the driveway shreiking with delight. >> you didn't wipe out, did you? >> just a little bit, but the skinned knees build character. >> that's what we always tell our kids, too. you're now the third generation ceo. what challenges do you face when you try and expand the company >> i think one of the challenges that we're always wrestling with is kind of the inherent tension between being this classic n nostalgic brand and now we offer wagons that fold up, they're made out of fabric and we have a program where you can customize your own wagon and put your name on it and design it. that's one of the tricks to staying in business for so long. >> we were just looking at video, too, of the partnership you have with tesla with the

little cars that the kids can drive, too, which are pretty cool but i just wonder, you grew up living and breathing radio flyer. obviously, this has been your whole life was there anything you found out when you were writing the book that surprised you >> one story jumped out at me. it was from a woman in up state new york she wrote about the fact that she grew up in the early 1950s at that time, a lot of stories in society told her what she could not be but for her, her radio flyer represented what she could be and she would use it to race with the boys and play outside and get dirty. her father started to call it her suffragette wagon. we get thousands of photos and stories like that. it's wonderful it's something that everybody at radio flyer takes great pride and joy in >> racing down theel hill and

using the handle bar as your steer wheel. everybody has that memory. robert, thank you so much for joining us today i am thrilled to see this is still an independent company and still a family-owned company thank you for your time. >> thanks. it's ban pleasure. we are "on the money." if you are thinking of giving to charity this holiday season, we'll tell you how to make sure your donation dollars are going to a good cause. and later, wines for the holiday. whether you're having or going to a party this year, we've got some picks for you and yours to enjoy. amazon prime video is now on xfinity x1.

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it's said that it's better to give than to receive. right now is a popular time for donations. but if you are looking to make a charitable contribution, you should not a lot has changed thanks to the new tax law. thanks to join us to explain is senior personal finance correspondent sharon epperson. it's great to see you. >> good to be here >> a lot of people would wait until the end of the year, wait for the charitable donations and write them off on their taxes. what do we need to know? >> the standard deduction for single and for married couples was doubled.

many people may choose not to itemize your taxes the tax policy center did some research on this and they said about 21% of taxpayers were able to claim the deduction under the prior law. they expect this number now to drop to 9% >> oh, wow >> so we could see a significant decline in those, making those charitable contributions because they know they may not get the tax break. but, of course, we also note that is not why you should be giving to a charity and the majority of people do give to charity in the last few days of the year some charities telling us 60% of donations come in at that time >> i always thought people were doing it at the end of the year not just because of the holidays, but to get under the wire for taxes they must be on pins and needles. >> they are, and they need the money. >> if you are making a charitable donation, you want to make sure you're not getting scammed. you want to make sure the money is being used for what you think it is. is there any way to check those boxes? >> the first step is google it

make sure you have looked at the website, look at any articles about the charity. also, you want to make sure you go to the irs website because you want to make sure it's a 501(c)3 charitable organization tax exempt and it has a form 990 with it. that's the form they have to put out as a xhcharity to show what their financials are like. if you want a simpler breakdown, go to guide star or charity navigator to determine the financial charity of the company and -- >> in other words, here is how much they spend on administration, here is how much they spend on salaries >> it's so important to look up those things charity navigator said it found nine out of ten charities, spend about 65% of their burnldget on program services that should be your threshold. consider bundling or bunching your donations make the donation you would make

for 2018 and 2019 this year and maybe that would bring you over the standard deduction and make more sense for you to itemize. standard, the 12,000 if you're single, 24 tlo,000 if you're married. bunching your donation can help you do that. one way to do that is to set up a donor advise fund. you can go to a fidelity, or a charles schwabb, put in $5,000 and put in the tax deduction this year and they will dole out those monies to charities at the time you say when you say. take your time to give it to the charities that you want. that's how that works. >> thank you, sharon >> my pleasure up next, a look at the news for the week ahead and it is the time of year to drink and be merry. but what should you buy? we've got wine picks to toast this holiday season. stick around

here are the stories coming up that may impact your money this week. monday is christmas eve and the markets will close early on tuesday, the markets will be closed all day for christmas then on wednesday, we'll get a report on housing with the case-shiller index for october thursday, we'll see how the consumer is doing with the consumer confidence report for november and it's national fruit cake day

time to share all those fruit cakes that you haven't gotten around to regifting yesterday. friday, we'll be looking at the pending home sales for november and we'll see how many goods were imported and exported last month. cheers, everybody. the holidays are upon us and that means celebrating with friends, family and hopefully some wine, too whether it be red, white or bubbles. what should you buy this holiday season joining us now is ray, executive food editor of "food & wine" magazine thank you for coming in today. it's a holiday so we need to have you walking us stlu sothroe of this stuff. >> the first one is really cool. i think a lot of what has been going on this year in wine is people trying different stuff, like breaking out of their normal realm this is a sparkling riesling from germany it's called dr. l. it's delicious about $13 a bottle

fruity, crisp. if you like preseco, it's a great alternative. it's not sweet >> it has a little citrus sparkling water. >> for 13 bucks, it's a great wine and it's a novelty. it's something fun to talk about at your parties. for affordable whites, would have been in love with this one. this is the cune nonopole white. it's from spain. >> that's nice, too. and, again, it's not too strong. >> not too strong. very line. cune is a long standing producer the name is actually the company of -- >> i'm never going to get that >> which is why they've abbreviated it down to cune. >> again, not too sweet. >> not too sweet crisp, dry great sort of start of the party everybody standing around having a glass of wine. >> start a party

>> my parties go late. >> i should know >> then we have a red. so this is south africa, actually >> it's not a dark red >> it's a really talented young winemaker named ad i badenhorst. >> it's not heavy. >> it's cabernet it's a really -- >> i don't really drink red, but in is lighted. >> it's got a lot of flavor. it's sort of that $15 to $16 to $17 zone just a great party favor >> so this is expensive champagne. >> this is real champagne. first tip when you open champagne, keep your finger on the cork it's highly -- it's about the same pressure as a car tire. >> you'll poke your eye out. >> yes so never launch champagne corks at someone because they come out of the bottle about 40 mrch which is intense >> holy cow. >> hold the cork and turn the

bottle it's easier. and the other thing is that if it's too hot -- if it's too warm, that's when you'll get it foaming out all over the place so always chill it down a lot, but don't chill it down in the freezer and forget about it because it will explode in your freezer and you will be bummed >> this is made in france. >> this is made from the champagne region in france it's what's called a grower's champagne. the big producers like moet buy from hundreds of different farmers. they have their own estate >> i like that, too, and i don't like champagne well done. >> it is good. >> and it's lovely >> how much is it? >> that's about 50 >> okay. >> so that's your new year's splurge. >> cheers and thank you for all the wines you've brought in all year >> absolutely. great to see you happy holidays >> thank you, ray. folks, that is the show for today. i'm becky quick. thank you so much for joining

us next week, we have a new way to stay in shape at home for the new year keep it right here we're "on the money. as we leave you today, let's take a look at some of the people who put this show together every week, the few, the brave, the proud, the hard working and the very talented staff. i can't thank them enough for all they do. see you next weekend, and cheers

hey there, live at the nasdaq market site from a rainy times square in new york city where it's an expiration friday. the guys getting ready behind me while they do that here is what's coming up on the show >> the bears took down tech this week as the nasdaq plunges into bear territory. if you are worried it could get worse mike khouw has a why to buy plunge protection plus. >> i love gold. >> as stocks tank, options traders are running for cover in gold

and the chart master says it coulbrk