ebay sup 6 1/2%. amazon is up 60%. [closing bell ringing] liz: listen to the bells after quite the week where we finally heard the "t" word uttered in a set in stone. tapering will happen next year. markets close with gains across the board. >> we got through the week. if there was any stop to the bull market, this would be the week when it happened. instead we have continue wages. we have two more weeks to this year. it ain't over yet. it is vacation. volume levels are low. there is such optimism right now in the markets. they heard the worst from the did happen. they heard interest rates will be low forever. the fact is the markets digested that news extremely well and it has led to nothing but green arrows today as we end this week. liz: time for your front page headlines. the economy expanded at a much quicker space than previously estimated in third quarter. it grew at 4.1% of the

expectation was just 3.6%. fastest rate of growth in two years and acceleration from the second quarter of gain of 2.5%. david: oracle see's ceo larry ellison gone on the acquisition to boost the company's cloud computing business. they bought software-maker, reresponsesis in a deal worth one 1/2 billion dollars. liz: boeing has a new order for its new 777x jets this from cafe pacific. it is worth more than $7 billion. carriers typically get a discount for larger orders. david: all churning. all this growth and everything. that is a good thing. walgreen's stock rose after the drugstore giant report ad 68% jump in first quarter profit but gross profit march begin did fall 1.3 percentage points partly because of a slowdown in the introduction of new generic drugs. liz: shares of carmax, the nation's largest used car dealer plunging after the company reported a lower than expected

increase in quarterly profits. david: the fashion house, prada, i think liz heard a little bit about that group. liz: oh, yeah. david: is being hit by headwind in asia and europe. slower growth in those regions overshadowed stronger growth here in the u.s. and japan the company missed third quarter earnings forecasts. we have a busy time for you. stay tuned. "after the bell" starts right now. liz: let's break down this record-breaking week on wall street. we have joe keating, center stage bank executive vice president with his top investment play for next year. alan lance, alan b. lance lance and associates what is the biggest risk for the markets. we want our folks prepared and mark sebastian in the pits of cme. mark, you get a first crack at this one. selloff, selloff, we saw a gain of 61 points. was this profit-taking or a

something more insidious? >> when market is at all-time high there has never been a better sale. maybe not through the next day but when the market at all-time high there is never a better opportunity to sell until we hit another all-time high. i think that is what we saw. we had a pretty nice volume day for the friday before christmas. we're heading into a week where nobody wants to be at work. if you're up nicely, now is the time to take dollars off the table. so i think that's where we saw the weakness. now really, i think the real interesting story is the dow and s&p, all-time highs. take a look at the russell 2000 and nasdaq 100 today, huge moves relative to the big indexes. so when you see the small caps really moving, that shows some really strong underlying strength and probably some bullishness through the end of the year. another important point. we had a huge blowout on gdp. and the 10-year rallied. we saw yields drop. we're now right where we were

right around where the fed announced taper. if you said to me, mark, we'll have a blowout gdp numbers we'll have the s&ps up huge and we'll have rates unchanged, wha3 else would you like? about my own answer would be eggnog. david: hold on, mark. you had your say. i want to move on to alan. i know it is true, a lot of people are on vacatton. so oomph is low. people want to take profits off the top before the end of the year, but, with having said all that with gdp growth over 4% annualized with the last you quarter we can account for and all bad news on the fed out on the table, that this rally will continue strong for the next couple weeks? alan? >> there is a good chance it will, david. it is teed up as far as digesting the tapering, no problem. we had great multiple expansion for 2013. 2014 is starting with the first

quarter, david, we're going to need to see some growth. we'll need some follow-up to that expansion because that multiple expansion is based on earnings growth. if we don't see it we could see a pullback. until then we'll see strength panned investors riding the wave like we have been doing and, you know, it is prudent to take some profits in the high-flyers but there are still some bargains out there so it is really an ideal market but be careful as we go in and higher into 2014. liz: alan, you're driving me crazy. take some profits but we're riding the wave. we got to be cautious but things are still looking good. let me throw it to joe. i need to force you guys to pinpoint a little more and take a side here. neil cavuto always says, don't let people say, but on the other hand? where are you going, joe? gigantic trades like nasdaq, up 30% year-to-date often don't repeat themselves. what is the change you're making

with your money and your client's money. >> liz, we thinkector in the market next year to invest in pipeline companies. one of the things the fed said is they will hold short-term rates basically at zero for a very long period of time. folks need income in their portfolios and the energy sector is probably the most dynamic and interesting part of the u.s. economy today. so you can move over into the pipeline companies which is safest part of the whole energy complex. invest in securities that are giving you yields from 5 to 8%. good growth characteristics. we've given you three, as i refer to them as holiday gifts for you and for viewers today. three really strong companies that we could all invest in and make some nice income during 2014. david: before we get into the details of individual stocks, mark, what do you make of that play? guaranty that there is nowhere in the economy where there is no excitement and production going on than in the energy sector. you look at states like

north dakota with unemployment rate of zero because of all that? is that where you put your money, finding the right play? maybe pipelines, maybe something else in the energy sector? >> yeah. i like utilities actually. if you look at the major pieces of the s&p 500 the big underperformer is utilities. david: utilities have been beaten ever which way for the past year. >> they have been crushing it because people were assuming the 10-year would go to 3 1/2, 4%. they were assuming we would have inflation. that is not happening. i think utilities look like a real scoop. they have high dividend. they have been, you know, definitely been the underperformer. i think going into 2014, if you had to pick a sector i really like the utilities, to potentially be a leader for 2014. liz: now we go back to alan because i do like your stock picks. i think they're interesting, especially since you're not telling you areour viewers to buy at highs. nuance technologies. this in a way is a purple halo

play -- apple halo play, is it not? alan? >> apple, an icon, a situation where the stock is down. they're going into a recurring revenue format as opposed to just billing out per sale and again, the stock is hitting new low. icahn bought at 11, $19 and bought more this past week at these levels. that's what he mean. don't chase companies hitting new highs trading at astronomical multiples. but these bargains you can participate and ride the wave but not take the risk. that is what i meant by opening statement. liz: got it. david: if icahn is buying in he must know something. throw out a contrarian argument because we can't ignore these tremendous growth figures that came out today. i know everybody is wondering on obamacare and disaster and one 6:00 of the economy, even the realout, the president's men

have to admit it, the president did earlier this year hour, is there no way this thing will stand? all the waste of money we thought would be wasted in our economy for obamacare is not going to happen because everybody has woken up to the fact it will not work and change in the next election? is that probably a positive sign, the fact that this disaster has been so obviously bad? >> you know, david, i think investors really for the most part have kind of shifted their focus away from obamacare. i think it is really hard to figure out exactly how things will play out with the affordable care act over the next 12 months with the coming election next year. i really think investors are more looking at the fact that the backdrop for common stocks is pretty darn positive, when you got consistent, moderate, but consistent growth in the economy and low inflation. the fed just told us they will remain very accommodative. low fixed income yields and operating earnings in the s&p 500, the growth rate picked up during 2013 as opposed to being

flat during 2012. that backdrop is really very positive for the stock market. the issue with the stock market is, and liz, i don't mean to be doing one hand, the other hand here. liz: okay. >> but the issue is, that price earnings ratios are up quite a bit. the market is discounting all that good news. we seen the price earnings ratio go from 13.3 times to just under 18 times. i think stocks are still the place to be but i think you have to be careful. it will be much more of a stock-picker's market in 2014 than it might have been the last couple years. liz: that's fine. alan, you tell me what is the number one, okay, number one and two things that you must see in a stock before you'll commit money to it? >> well, i want to see, you know, good cash flow, trading at historic lows and good management for number one. and then number two, there has to be some type of a catalyst. whether it is income and that income will increase or some corporate event like with nuance

we have icahn and that, potential. with our other pick, quality systems, actually obama, health care play because they do medical technology and they're going to help the health care providers and insurance companies pay for it. liz: sure. >> that's what we look for in a market and in a recommendation. david: it's the weekend before christmas. gentlemen, have a great weekend. thank you very much. joe keating, alan lance. mark, i can hear things heating up in the s&p pits. we'll get back for the close in a couple of minutes. 2013 is poised to end on a high note. stocks at an all-time high of course. economic growth is picking up as well. what is ahead for 2014? we'll be asking former council economic advisers chair ed lazear in a fox business exclusive. liz: ebay and amazon are the names that probably come to mind when you think about big online retailers but you may want to ad etcy to that list. the company did more than one billion dollars in sales this year.

the ceo joins us in a fox business exclusive. it is one of the hottest websites these days. tell us what you think, are you more likely to shop for gifts online or physical stores? if so and why. facebook.com/afterthebell. we'll read your answers later. ♪ [ male announcer ] what if a small company became big busins overnight? ♪ li, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading.

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futures will be closing. we heard a lot of activity in the pits there. let's go back to the cme and mark sebastian. what is happening there, mark? >> on the bell, the 3:00 bell a big seller brought futures down about a buck 1/2. we rallied right back up before that guy stepped in. we picked up point 1/2 after the bell. one thing i like to point out to traders, i run into all kind of people at all-time highs. they're terrified of the market. you know we have the vix below 14. if you're really terrified of the market, buy the s&p, buy some sort of a put protection. all things, full disclosure, that's what we have on. you know you put yourself in a position where you can't really get torched on the downside and catch most of the upside. have a good weekend. david: you too, man. liz: a great gift going into the weekend, that explanation. thank you, mark. with third quarter gdp growing faster than expected several industrial names got quite a boostttoday. let's head back to nicole

petallides on the floor of the new york stock exchange. nicole? >> good afternoon, liz. a big crowd behind he for prgo. that is what they're working on why you see this chaos. this is the new york stock exchange. some people think it is quiet around here. not always. about 1/3 of the s&p industrial names actually hit some highs. so we're watching names that industrial related. as we got in our gdp better than expected today. we've seen rapid growth for some of these sensitive stocks. we're looking at cintas, emerson, 3m, norfolk southern, csx, some go into other areas like rails. honeywell, new high, new high. we'll continue to watch the pharmaceutical companies. prgo is the ticker symbol. they're working on an imbalance, hey, that is what a market is, right? buyers and sellers trying to get it right. liz: that is important, open outcry system with real traders not just electronic. thank you very much, nicole petallides. david: gdp figures show the

economy is growing faster than expected. we had a recent better than expected november jobs report. the fed decided that the economy is strong enough to taper, a little timidly but it is beginning. how confident should investors be in our economic recovery? joining us for an exclusive interview, edward lazear, former council of economic advisors chairman and hoover institute fellow and developer of field of personal economics. i could go on but we don't have enough time. good to see you ed? >> great, thank you. david: how does the economy look to you? >> well, it looks better. one thing i would say don't pay too much attention to the high gdp report. one of the things i found in some analyses that i've done, by far the best predictor where we're going next year is not past gdp but rather the stock market. so the good news is that the s&p has been up and up pretty dramatically over the past quarter. that bodes well for next year's gdp growth.

in fact, if i were looking at gdp growth next year i would say, we would be somewhere between 2.25 and 2.5, based on what we've seen in the stock market. but that is really the better predictor. not so much gdp numbers. david: even though you don't credit gdp numbers as much, let me push you on that. >> sure. david: is it conceivable this 4.1% annual growth rate we saw in the third quarter, could be continued through 2014? >> i don't think so. i mean it could be obviously but, it's very unlikely. david: why not? >> that we're going to see that sustained. well because the trend hasn't been there remember the long-term trend in gdp is about 3%. so if we look at the 30-year average of gdp what we're talking about is 3% growth. 4% would be well above that. in fact for the last four years or so we've been well below that we've been at 2%. so even moving from 2% up to 2 1/2 would be a nice step

forward. it would still leave us hyped where we are on a long a long-tm basis but a good step but i think -- sure. david: some of those reagan years i'm sure you remember as well because you were right there. >> i do. david: 4 or 5% annual rates of growth. some quarterly growth rates of 8%. >> that's right. it is certainly not impossible to get there. i don't see anything changing in the near future that would put us on that kind aftra objective. obviously we can hope. that would be great in that happens but there is no obvious thing on the horizon that would put us in that kind of a range. but again, you know, i don't think we should be pessimistic. the numbers look pretty good. this is a better situation than we've had in the past couple of years. as you mentioned earlier jobs numbers are better. in particular one of the numbers people don't look at quite as much but is probably more important than the net job number is the hiring numbers. hiring is up at 4 1/2 million a

month which is considerably up from where they have been in the past so that is a good indicator. david: on wednesday, ben bernanke took some of the credit for this increased growth. does he deserve that credit? >> i think he deserves credit particularly for the action that was taken right during the financial crisis in the all of 2008. i think he did a fine job. david: hold on, ed. he is talking about, he is talking about qes. he is talking about much more recent effort by the fed to pump up the economy by buying $4 trillion worth of bonds. is that why the economy is growing? does he deserve credit for that or not? >> well, i'm less enthusiastic about the qe, particularly the later qes. i think they haven't done much for the economy and i don't think there is a lot of evidence to suggest they have. i was happy to see the fed taper. because if you don't believe that qe has been effective in raising gdp you're not too worried about backing off on the qe program. you're not going to worry about

what that's going to do to reduce gdp. so i think this was a step in the right direction and i think ben knows that think janet, who's a very sensible and solid person, will behave in a responsible way and we'll get back to a path that looks more like historic averages. david: let's hope you're right but on the other hand, you developed as i mentioned in your personal introduction, personal economics. forgive me, you're the professor, i'm not, ii tries to quantify personal actions in an economy, what motivates people to do stuff, et cetera. the motivations incentives people have are still kind of low. >> that's right. david: as musen poll show 50% of the americans still believe economy is in recession. how do you move ahead when you have that weight of the masses against you? >> that is absolutely right. that's why i pushed back a little bit when you suggested we might be able to get to 4%.

i don't think we're there. there are heavyweights still on the economy. i would like to see us in significant tax reform. a more active trade agenda. i think we've gone too far in the direction of increased regulation without looking at benefits of from regulation. we still have very significant those are major factors that still impede economic growth. we need to get moving on pushing those in the right direction. so, you know, i'm with you on that. i think there are some impediments to rapid growth. but again i do think that the steps that we've taken in the recent past. some of the things you've seen in washington. i think the budget agreement is a good one, are moving us in the right direction. i think we don't want to be too negative. david: they're giving a me a wrap but i have to ask you real quick, where are you keeping your money right now? >> i don't think you want to follow what i do. but mine is pretty well-diversified. i have both bond and stocks and some real estate.

so i try to diversify and the reason i try to diversify because i don't think i'm very good at predicting the market. i'm better predicting gdp but not stocks. david: ed lazear, we would all be billionaires if we were good at that. ed, thank you. >> best for the holidays. david: thank you. liz: pretty positive and looking optimistically. gold is on track for its biggest annual loss since 1981 after ending the week on another down note. are prices near the bottom? time to buy the kruggerrand? when should investors jump in again? we'll take you to the s&p. >> how about fantasy football this weekend. draft kings is staging the largest fantasy football event. the company's ceo on whether it will be a game-changer in this rapidly growing, yes, business. stay tuned. ♪ [ male announcer ] e new new york is open.

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liz: time for a quick speed read, five stories one minute. first up, mobile messaging service what's app has reached 400 million users, making it the most popular cross platform mentioning service for smartphones in the world. yahoo! is no longer the second largest digital ad seller falling behind two spots, facebook and microsoft taking 5.9% of the ad market share. google dominates the list with nearly 40%. if your relationship with your iphone a high maintenance one? americans spent over $5 billion upgrading their phones this year. you may want to reehink the holiday dinner if chicken is on the menu. "consumer reports" studied that 97% of raw chicken breasts across the country were

contaminated with harmful bacteria across the country. this is great news for "harry potter" fans everywhere. author j.k. rowling announced she is working on a play based on the widely popular series. that play will probably focus on harry's childhood years as an orphan. that is today's "speed read." david: talk about the federal reserve creating money, she creates money, a moneymaker. gold is on track as you gold bugs to post its biggest annual loss in 32 years as prices fell to a three-year low this week. liz: has the precious metal hit rock bottom or will prices continue to plunge? joining us from the pits of the cme, fox business contributor, phil flynn. the phil, this was bound to happen. this is one of the largest bull markets in any metal in history, possibly. i don't know. you look at the numbers. where does it stack up? >> it's a major correction. if you look where gold has been since the bottom, it was a 13-year bull run. even where we're at today, gold

is up 358% since the bottom compared to the s&p which is only up 37%, believe it or not. but since the bottom, when the stock markets bottomed out, stocks have outperformed gold since qe started. stocks are up 172% versus 36%. but what is interesting more than anything we're seeing an historic divergence between commodities as an asset class, mainly gold and silver and other commodities, and stocks. unlike anything we've ever seen before. we've never seen this kind of a divergence for more than three years in a row which leads me to believe next year something has got to give. either stocks will see a big correction or we'll see gold and silver really rocket. david: phil, liz and i have been talking a long time to peter schiff, of course the biggest gold bug in the universe. i love peter. we both love peter. i love his views on the economy and particularly on government. he doesn't think it does a good job, i don't either, but, there's one point about gold doesn't make it when you stack

it up against the stock market. it doesn't grow. it's a thing. it's a physical thing and stays there whereas a company, if the economy is growing and stock market is growing, a company is alive. it is filled with people who grow. it is more exciting. if you can make money investing in it you will do that. liz: we just lost phil flynn, but the point being this is the longest bull market since the '90s, listen gold was $300 an ounce. david: by the way, it was $800 an ounce when gold was at its highs in 1980 before it crashed. inflation adjusted it was at higher point than it is now. so in terms of inflation adjusted it was higher than it is. again, gold is just a physical thing whereas companies are filled with people who grow. if you have a chance, if the stock market is growing as this one has, a lot of people refer prefer to invest in people. liz: want to talk about people, etcy. have you been on this website? david: thanks to this guest.

liz: 20 million items of merchandise mostly hand made on etcy by real people. hand made holiday cards. cutting board in the shape of brooklyn, is that brooklyn? liz: that is one of the hottest sellers. etcy has become a destination for very unique gifts. sales geeing 60% in just the last year. the ceo is joining news a fox business exclusive next. hottest sellers. david: we have another ceo coming up. if your fantasy team is already out of contention for the season, guess what, it is not game over. we'll tell you how you play daily fantasy sports contest, win real cash by ceo of another company who is allowed you to do that online. you don't want to miss this coming right up. ♪ ♪

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you used to work at cnn. >> back in the day, late '90s. liz: then you found the opportunity to do etcy. what is it doing right now? i saw millions and millions of unique visitors. i hesitate to use the number 30 approximately because it always changes, does it not? >> always growing. etcy is about 35 million registered users around the world. liz: right. >> the first holiday weekend, cyber monday, thanksgiving sales grew 60% year-over-year over last year. so the site's been growing really incredibly. we're only eight years old. liz: how do you make the money? do you take a portion of each sale? >> we take a small percentage of sale, 3.5%. 96.5% goes to the artist. it is artist-friendly site and community and helping artisans become successful. >> i know. i bought a toe ring. how ellen. he lived in berkeley. very berkeley thing to buy a toe ring. it is fascinating how you give

people an opportunity, do you hate the comparisons to ebay, a an ebay store of their own creating their own products? do you have a requirement you have to have it hand made? >> you have to be involved in making it. you have to take responsibility for making it and actually explain to the community how you have made it. we also have a very strong vintage category. so that means anything that's on the site that is over 20 years old. vintage clothing, jewelry, all of those things. liz: 60 million unique visitors per month. >> yes. liz: boy you can handle a lot of website traffic. that is amazing. >> we can. liz: look at some hottest things. right here, this jumped out at us. >> yes. liz: the cut being board in the shape of brooklyn. >> indeed. liz: i'm assuming you brought this along because it is one of the hot sellers. >> this is a very hot seller. you can see here, there's a little heart right here. you can get these customized. customized goods are popular. liz: there is the heart there. >> the heart is for the neighborhood which etcy offices are in called dumbo. liz: dumbo, stands down under

the manhattan bridge overpass for those not in the new york area. >> it is wonderful. i gave one to my father in the shape of north carolina for his birthday. liz: they come in all different shapes. >> all states and brooklyn. liz: we have a bag here. why is it special? why is this special? >> this is my computer bag. i bought it from the shop, pm 1985 on etcy. the cutting board is an heirloom by the way. this is bag i take to work every day. really nicely-made. nice construction and very stylish and one i'm proud to take to work. liz: you have gotten the attention of not just people who are interested in buying unique gifts but of the president of the united states. just this week you were one of some of the top guys and women who are in charge of big silicon valley companies, eric schmidt of google and marisa mayer of yahoo! to talk to the president. did you walk away with the sense smart people like you guys can work with the government to make life better in america?

certainly when it comes to technology get the u.s. government up and running in a more efficient way? >> first of all i was very honored to be invited. it was a very elite group. i was pleased that the president really listened to what we had to say but i really think when i think about these things it is very important that government and technology work well together. in etcy's case we have a million micro entrepreneurs, small businesses. i really think that government should think more about these, you know, smaller, micro entrepreneurs when making regulations and needs to be really simple to understand, for the types of people who sell on etcy. liz: absolutely. would i be remiss if i didn't ask you, an ipo or somebody wants to buy you? seems like you guys have an interesting genetic structure that you're very, very independent. would you hate it if somebody wanted to be buy you? >> being independent is really important to us. a million sellers depend on us. a very you sneak site and culture. liz: ipo? >> ipo is not something we're

focused on right now. we're focusing on finishing out the holidays really strong and continuing to build the business. liz: great to have you, chad. >> thanks, liz. liz: we love to tell the story. david, we'll get you a cutting board in the shape of the upper west side. david: i love it. love it. deal. we all played fancy league football, baseball or hockey and you can win big money. you have to wait until the end of the season usually to collect it but not if the join fantasy site draft kings. you can win every single day. the company's ceo is here to tell us all about it. that is coming next. of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss thquicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, erywhere,

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[ male announcer ] fedex one rate. simple, flat rate shipping with the liability of fedex. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead. one, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding than warfarin. anthree... unlike warfarin, there's no routine blood testing. [ male announcer ] don't stop ting eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleedin don't take eliquis ifyou hav an artificial heart valve abnormal bleing. while taking eliquis, yomay bruise more easily and it m take longer than usual for any bleeding to stop.

seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures i've got three important reasons to up my game with eliquis. [ male announcer ] ask your doctor day if eliquis is right for you. and this park isthe inside of your body. see the special psyllium fiber in metamucil actually gels. and that gelling helps to lower some cholesterol. 3 amazing benefi i1 super fiber. david: fantasy sports are one of fastest growing industries in the u.s. latest estimates suggest more than 33 million americans will have played them by the end of this year, though not liz. liz: wives around the world are so aggravated. yeah, that was an epic battle in my house. draft kings is a daily fantasy sports site which means users

can play with a new team every day. it is recently received $24 million in brand new funding. its customer based tripled since august. no doubt about it is a huge business. joining us draft kings ceo, jason robbins. putting my personal feelings aside what an epic time eater -- david: moneymaker, not time eater. moneymaker. liz: fine, jason. talk about your site and how it is different from traditional fantasy leagues that are out there? >> you should try it out. you might like it better. it is a lot easier to play because you don't have to pick a team and play all season. so, you go on. you select which team you like. you can pick a number of different contests to enter, playing against one other person to playing against thousands of other people and that team plays for that day. at the end of the day the scores are tallied up. if you win, you get to take your money and you can come back if you like. if you don't want to come back you don't have to. if you don't win you can come

back try again the next day. david: aren't there still some concerns about the lee galty of all this? it is illegal in five states, right? >> well, the legality of fantasy sports is clear at a federal level. it is considered a skill game. so the same way you would be able to go to like a chess competition or anything like that. david: right. we're looking at five states now in which it is illegal. we don't want to mislead you in any case of our viewers being in one of these states. is that changing for the good or for the bad as far as you're concerned? >> well, when we started draft kings there were eight states and three passed legislation to allow it. there are two more that have legislation on the ballot next year. so we hope that number will be down to three. liz: okay. just to clarify, legal, illegal, in quebec, right? >> quebec is not. the rest of canada is perfectly legal. liz: right. we wanting to make that clear for our viewers. see how it makes money for you.

where does your margin come in? how do you get the opportunity to turn this into a real business? obviously people think it is because you got 24 million in funding. >> we took similar, as you spoke with the ceo from etcy, we take a small commission on each game. that varies on number of people and size of the game but typically five to 10% range. the rest of the prizes are paid out to everyone who enters. david: by the way, not that i ever won at any kind of office pool or any of these sports games, but, if i do, do you have to report my earnings to the irs? >> well, what we do is we, for anyone who wins, so we have a game this weekend, for example, where the top prize is a million dollars. liz: whoa. >> in that case, yeah, so somebody win as million we would have to collect some info from you and send you tax forms and it is your responsibility to go through the filing. david: what is the limit? how much can i make before you have to report it to the irs? >> i don't remember exactly. i think it is around $600

though. liz: all right. $600. the contest draft kings is coming up this weekend. it's a huge competition. how do you grow? what other unique opportunities can you come up with? >> really, a lot of what the company is focused on first and foremost providing a great experience through the product west offer. we're focused heavily on mobile, which for a lot of people just makes it a lot easier to play. mobile gaming has been exploding over the last few years. the reality we always have that device with us, whereas there is only certain amount of time each day where you have access to computers. getting in front of people on mobile device is very important to us. also, just making sure that people enjoy it, so they want to tell their friends. it's a very viral business. certainly a lot of our customers come through marketing but most of our customers, really especially those that are most passionate about it, that love it, also refer their friend. we have a very high referral percentage amongst customers that use the site. david: draft kings is the name

of the company. jason robbins is thh ceo. by the way, surprising he is not in las vegas. in boston, massachusetts. that is a huge sports town. >> oh, yeah. david: thank you very much, jason. appreciate you coming in. >> thanks for having me. liz: million dollar prize. david: they have had exploding growth. just extraordinary. everybody is in it, everybody except. >> i'm not into it. what can i say? president obama makes headlines at his last news conference of the year on issues that do mattory investors. we take you live to the white house for details on the important nuggets that the president had to say. david: legos are not just for children. a 20-year-old designer built a life-sized lego hot rod that actually drives. it's a very cool car. we have got the video coming up. protein jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany?

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liz: the president answering some tough questions during his last news conference of the year on issues ranging from the affordable care act to sanctions against iran. david: the president also addressing the budget, the debt ceiling. a lot of issues. rich edson was monitoring it all at the white house. rich, there was a question about exactly how many people have signed up to obamacare and we heard one million, two million. what is the final number? >> so the final number david is one million folks have signed up to get obamacare through the

private insurance market. one million private plans. doesn't necessarily mean they have paid for them yet. and then an additional about a million who signed up for government health insurance through the enrollment period like medicaid or the children's health insurance program known as chip. president obama, talking about a number of things today especially about declining deficits. even though they're still above half a trillion dollars a year, he said the fiscal picture will get better next year. asking if this was the worst year for his presidency. he wouldn't confirm that and he blamed much of problems in his presidency this year is inaction in congress and hit pubs about the ebb debt ceiling and his debt ceiling threat again to republicans. >> no, we're not going to negotiate for congress to pay bills that it has accrued. here's the good news. i want to emphasize the positive as we enter into this holiday

season. i think congressman ryan and senator murray did a good job in trying to narrow the differences and actually pass a budget that i can sign. >> he also blamed the lower enrollment numbers on problems with the website. republicans pointed out even the president is talking about two million people signing up, whether government insurance or private insurance, that republicans say is about $2 million short. as for problems with the website and rollout, the president took responsibility. >> the fact is it didn't happen in the first month, first six weeks in a way that was at all acceptable and since i'm in charge obviously we screwed it up. >> so from here president obama, the first family on their way to hawaii where they will spend holidays and vacation time until the beginning of next year. david, liz, back to you. david: liz: rich edson, from the

white house, thanks, rich. it is not just child's play. we'll show awe new drive aable car made from hundreds of thousands of leg goes. [ female announcer ] there's one thing dave's always wanted to do when he retires -- keep working, but for himself. so as his financial advisor, i took a look at everything he has. the 401(k). insurance pies. even money he's invested elsewhere. we're building a retirerement plan to help him launch a second career. dave's flight school. go dave. when people talk, great things can happen. so start a conversation with an advisor who's fully invested in you. wells fargo advisors. together we'll go far. if hey breathing's hard.me, wells fargo advisors. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a oe-daily inhaled copd maintenance treatment that helps open my obstructed airways foa full 24 hour spiriva helps me breathe easier.

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that connect us and teach us. ♪ wd see thatlmost 100% of medical plaics are maderom oil and natural gas. ♪ anan industry that supports almost 10 million americanobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more important. energy lives here. ♪ david: time to go "off the desk." take a look. this is not a toy car, well it is kind of a toy car but it is the first drivable lego car. it has been built from 500,000 lego bricks. australian entrepreneur and

self-taught technology guru created the unique vehicle. it is called the awesome micro project. it can reach a top speed of 18 miles an hour. the only parts of the car not made from legos are tires and load-bearing elements. the project was crowd funded through twitter with the car's creators asking contributions of 5000 with $20,000. in the end 40 people funded the project. good for them. liz: go crowd fundings. "off the desk" from 18 miles an hour to more than 200 miles per hour, lam bore gene unveiling newest sports car called the hurrich -- huracan. it has top speed of 201 miles per hour. it can accelerate from sear are to 60 miles per hour in 3.2 seconds. no price announced. david: i would take the lamborghini over the legos car.

we asked you on facebook and twitter if you're more likely to shop for gifts online than a brick-and-mortar store and why? guy, wrote, online, because i hate crowds in the store and usually can get exactly what i want online. liz: i'm with them. jim wrote in to say, online for sure, even if i end up paying a little more. there are more benefits like being open 24 hours, yes, no crowds. david: time for the top three things to watch next week. number three, are going to be october new home sales data which will be released on tuesday. economists are expecting sales to reach 2.2%. october sales actually surged 25.4%. liz: number two will be november durable goods orders. these are big-ticket items set to be released on tuesday. economists are expecting a gain of 1.7% that would be up from october's reading of minus 2%. david: here it is. hold on to your seats, the number one thing to watch next week will be initial jobless claims. last reading on the labor market we'll get in this year of 2013.

economists expect a drop of 30,000 to 349,000. this week's figures disappointed wall street when they showed a rise in claims. liz: we hope you have a lovely and safe weekend. david: "money" with melissa -- melissa: a major 11th hour change to obamacare, now exemptions are being made that could affect health care and the bottom line for millions of americans. what exactly does this mean for you? because even when they say it's not, it is always about money. melissa: last-second switch on obamacare. now millions won't have to pay penalties and can buy catastrophic coverage if they're facing cancellations. if you're confused, you're not alone, we have got every angle covered for you, from what it means for you and your money to the effect on the