this is "nightly business report" with tyler mathisen and susie gharib fund in part by. >> thestreet.com and action alerts plus where jim cramer and fellow portfolio manager stephanie link share market insight. you can learn more thestreet.com/nbr. good evening, everyone. happy thanksgiving and welcome to this special holiday edition of "nightly business report." you know, thanksgiving as we all know is a time of refraction to look back at what we've have, how far we've come to be grateful for friends and family. >> for investors it's a good time to take stock, maybe do looking ahead and tonight we're looking very far ahead to see

what wall street, housing, retail, energy and other industries may look like years from now in this fast-paced every changing world. >> we begin tonight with the future of wall street, what many call the financial capitol of the world. at its heart at the new york stock exchange but will the exchange play the same vital role decades from now and what about the big tanks? kayla tausche says the future may look different in the future. >> reporter: most big blanked fled for stocks elsewhere. one of the last holdouts. by the year 2039, the once epicenter of finance, the world's new commercial hub oceans away. since the late 18th century, wall street has been the premiere trading hub. by 2039 it will be more of an

idea than a place. thanks to a lean on core businesses between companies and investors under writing bonds and stocks and making loans to consumers and businesses. david says that's how it should be. >> i would like to see banks going back to being community banks respective of where they are located. empowering the local economy through lending and through securing deposits. they are pulling more people into the formal economy instead of necessarily just gambling on a collateralized debt obligation. >> reporter: the masters of the universal mentality will fade. companies will seek independent advice on mergers, complex trading will become automated etspecially in the financial centers. following gdp growth like the one local chinese officials are building laying groundwork for a working population of $650,000 and $25 billion in gdp by 2020

giving new york, london and hong kong a run for their money. competition will come from all over, international banks, big data and piercing the shadows. >> there will be a move of foot whether it's a hedge fund or different entity. there will be other entities in the game but the question is, who is going to really create the most frictionless customer experience? who is going to have the trust of the consumer, whether a deposit or loan account and who are the regulators going to let into the business? the landscape of the world's financial markets is not the only thing that will change. the information that drives trades and decision making is already undergoing a transformation. dominic chu talked to experts to find why financial markets are prime for disruption in the future. >> reporter: the seeds for wall street's next evolution are

already beiing sewn across the country. >> there might be non-conventional players sitting here in silicon valley that could cause a huge disruption to wall street as we know it today. >> reporter: and for good reason. if you think computers are mission critical for markets now, just wait. >> the future 25 years from now will be settled by having this infinite depth of historical information to temper choices. >> reporter: the concept is called fast data which takes boundless amounts of information and lets users make realtime decisions. imagine knowing manufacturing activity in china, oil output in saudi plus a million other factors and generating a trade based on the combined outcome. >> 25 years from now you're certainly going to see man and machine come together in someway and it's going to be very interesting to watch. >> reporter: leaders on wall street need to embrace concepts

like fast data to stay ahead. >> if you don't change from within, you'll find a group of, you know, 20-year-olds, smart 20-year-olds will create something that will be disruptive. >> reporter: disruptive technology will impact the nature of exchanges. the concept of exchanges is simple, bring buyers and sellers together to get deals done. >> technology and smart entrepreneurs are finding ways of putting networks together almost overnight. >> reporter: some say new technology will change the face of financial markets. >> terms of trading floors, if they are there, they are really not there to support the trading business. the majority will be done. >> reporter: whether it takes place on a trading floor or not, there is no doubt the level of investing sophistication is bound to grow. one popular type of investment focused on the feature, target date funds

commonly used as a way to fund for retirement. the funds adjust and become more conservative as they approach retirement age and make long-term investing easy but are they too simplistic? joining us to answer that, founder and ceo of her own wealth management firm money zin. nice to see you. >> good to see you. >> let's first start off by just asking who are -- who is good for these funds? how do you know if a target date fund is right or wrong for you? >> so, there are two great things about target date funds, susie. the first is when you invest in a target date fund, especially what you're doing is committing today to a specific allocation and you are also simultaneously committing to a plan how that asset allocation will change and when in the future. that's huge because asset allocation is one of the key

drivers of long-term investment success and this is a reason why target date funds can be great for new investors, individuals of their 401 ks or individuals that find they sometimes shoot their shelves in their own foot. >> what do i need to know about what is in my target date fund and what do i need to ask about that glide path of changing asset allocation as i draw closer to my target date? >> tyler, this are three things to focus on. the first is what's the composition of the underlying funds that are in that target date fund? are they active funds trying to chase after alpha which the evidence show s has a bad track record or low cost index funds which is what i like to see in a target date fund. the second thing is the glide path as you mentioned, how quickly the percentage of equity shifts towards fixed income and gets more conservative. a good rule of thumb, tyler, is

110 minus your age is a rough proximation of where you'd like to see the equity, if you're an average investor in your target date fund and then the third one are fees and this is huge, tyler. for every inextra mental 1% someone is charged in fees, that eats up 20% of their ending portfolio value. so i like to see target date funds with an all in fee of 50 basis points or less. >> and how do you know how much of your savings you put into these types of funds? >> i am so glad you asked that question, susie. one of the great things about target date funds is they help you save yourself from yourself in the sense that they are a one-decision fund, so if you're a person who finds that you're very emotional, that tracking the market makes you nervous, these are wonderful investments, and one stat to back that up, over the last 30 years, the s&p

generated a return of 11.1% but the average investor in equity funds has only generated a return of 3.7%. so the vast majority of people aren't capturing their fair share of the return. if you fall in that camp, target date funds are worth a second look. >> you've given us a lot to think about. one of the greatest challenges will be finding new energy sources over the next courter century. >> reporter: so and as our our energy consumption grows, it's better than ever. what new technologies could power the future. >> reporter: when it comes to developing oil alternatives for the future, mit is on the cutting edge. >> to actually build your seven a device may start here. >> repor they are using science to tackle the biggest issues. he helped develop this, transparent solar cells. unlike traditional panels, the

design absorbs invisible light. because you can see through them, you can put transparent solar pants on just about anything. >> around the roads or on top of the building or in these cars, the surface of a car coated be a chan transparent cell. >> reporter: they could be built into the windows of skyscrapers, dramatically bringing down energy consumption and by building transparent cells into the smart phones of the future, charging your device could be a thing of the past. >> it's annoying to recharge every few days. can you avoid that? you can but harvesting a little bit of sunlight. >> reporter: storing that energy is a problem when another mit professor is working to solve. donald is pioneering a new type of liquid metal battery. >> this is one watt hour. it's the workhorse cell. >> reporter: made of earth abundant elements it's cheaper to build and lasts longer than

batteries. >> if you want to make something dirt cheap, make it out of dirt. we got data showing battery could be fully discharged on a daily basis for ten years and still have over 99% of the initial capacity. >> he's scaling batteries up to store electricity from wind and solar that could be set back into the grid during peak energy demand. he says in 25 years his batteries could be put into the basements of building taking demand off the grid and saving billions of dollars through carbon free energy. >> there is all sorts of opportunities for changing the nature of the grid so we don't have to then build more of these monstrous power plants that are frightfully expensive. >> for "nightly business report", i'm morgan brenham. what will the u.s. military look like in the future as the pentagon's budget shrinks? will the force have more robots than people on the front lines? what the defense industry could

become decades from now. >> reporter: in 25 years, u.s. military forces will have fewer men. >> and we can throw it. >> reporter: more machines. it's one of the many trends which frank kendall must fund now. he's the man at the pentagon with the checkbook. >> i'm worried about the pipeline. >> reporter: he says due to budget cuts, much of what we'll see is up graded versions of what we have now. there will be new programs for sigh cyber defense. >> there is from the intelligence i've seen an attempt by some countries to build systems that would allow them to dominate space. >> reporter: potential solutions are breaking up large satellites into smaller more expendable ones or having backup systems readily to launch. >> that's expensive. >> it's all expensive. >> reporter: the biggest checks, however will be written for the

most expensive program in history. if the jell delivers as promised. >> in 20 years this airplane will be all over the world. >> reporter: it will be so easy to fly, future pilots will need different skills. >> we'll have a lot more computerized type skills that will be required to fly airplanes. >> reporter: another trend, rs being used for everything and a larger share of training to save money and the drones. new program has come further in 25 years and none is now under greater scrutiny. >> there will be more unmanned aircraft in the u.s. military than manned aircraft in the military. >> reporter: in a courter century, one person will be able to control them on one operating system while on the ground, armed robots may provide cover for soldiers and marines while driverless convoys will resupply troops, the technology is being tested. >> the technology they have is better than the google car.

>> reporter: some things may not change. robots and drones may never be given the freedom to kill on their own. >> i think that there are some things, some decisions that humans make that make the doctrine of war worse and so i think that's a very low possibility. >> reporter: whether war itself within a probability in 25 years or ever seems unlikely. still ahead, did you beat the holiday traffic or get stuck in it? all those traffic jams are only going to get worse. but will technology one day make them a thing of the past? the future of driving, next.

did you hit the road for the holiday? if your answer is yes, odds are you sat in traffic. aaa expects 46 million americans to travel 50 miles from home by car this thanksgiving weekend. that's the most in seven years. that trend is expected to continue and get worse in the years to come. not just on the holidays but every day. phil lebeau tooks what is being done to put an end to the traffic headaches. >> reporter: tired of traffic? it's only getting worse. over the next 25 years, it's estimated another 10 million vehicles will hit american roads and will spend more time behind the wheel. >> the problem is likely to get worse before it gets better, but there are a lot of things in development. >> reporter: one solution, self selfself self-driven cars. google will use realtime traffic data to have cars take us to our destination faster with fewer

headaches. >> one of our main intentions, actually, is on the one hand, you know, increased safety, reduce the number of accidents, but also giving time back, convenience back to our customers. >> reporter: bob lutz goes further by 2039 he sees drive modulars chauffeuring us on high-speed freeways where electric lines in the pavement recharge the modulars as they zip along without a steering or controlling the speed. >> the primary driver of this vision that i describe of the electrified standardized modulars is the need for efficiency in human transportation. is this great news for the car fan? no, it isn't but i don't see the problem being solved any other way. >> reporter: almost everyone admits, it will take time for self-driving cars to take off

because state and federal regulators will be hesitant to allow people to turnover their driving duties to computers and sensors in cars. but make no mistake, electric and self-driven cars are coming and with them, hopefully a whole new way to avoid traffic headaches. phil lebeau, "nightly business report", chicago. a change in the way we drive could change the way we live. where we live and how we live. the transportation is just one of many fact tomorrows being considered by urban planners as they try to develop the city's of the future. diana olick explains. we're already doing it with cars and with bicycles, we are finally learning how to share. >> cars are driven 5% of the time so millennials thinking why drive a car, why don't i pay for what i use? >> sharing is the natural out growth of a more social

generation, a generation born with the internet. technology fuels sharing says the obama administration's chief urban planner and offers more choices in the way we live and work. >> millennials like choices so we'll see changes in the workplace to give them more of that work life balance that might mean they get to spend more time the work force in general, more time teller working, being able to work from home or a third location. >> reporter: which in turn, will create new urban cores, places that might have been considered ex, convenient neighborhoods with work, home and play sharing one smaller space. urban planners of the future will not only have to deal with social change but also with climate change as cities like boston face stronger storms and higher sea levels. on boston's burro, million dollar condos hang over the harbor. the rising harbor. >> when you look out at this

water, do you really see 10, 15 years from now it will be that much higher? >> it will be higher. >> reporter: an expert in climate change doug advices city governments and planners on energy efficiency and environmental production. >> urban planners will have to deal with that by planning their cities around resiliency and adaptation and around dealing with the threats and consequences. >> reporter: which means everything from putting storm gates out in the ocean to moving building systems to higher floors, parks will also become defensive like boston's emerald necklace which serves as both green space and a floodplain surroundci and then there is heat. >> already in most cities there is a clear differential between the heat in the city and the heat outside of the city. there is something called an urban heat effect. >> reporter: to offset that, cities will have to do double duty, generate energy and keep

the city cool. >> imagine the green roofs on buildings, what if they grew food for restaurants? if we had green walls that could help produce food and cool buildings? >> reporter: as planners imag e imagine, corporate america is watching because the potential for profit is huge. >> specifically what kinds of companies would profit from the rebuilding of our cities? >> all the companies in energy systems, energy efficient, it systems, this is where people want to be. we'll have to be smarter about it and we can be. >> reporter: because there is an enormous economic opportunity a >> coming up, heading to the mall this weekend? retailers are hard at work trying to change the way they do business and how you will one day shop.

thanksgiving zblisn't just about family and food but getting a good deal. it seems time to examine the future of shopping because as courtney regan tells us, the trip to the mall will look nothing like today. >> reporter: the future of retail is now in the making and manhattan studios, silicon valley startups and retail labs that look like any old store but are smarter. >> physical retail is the temple. it will feel like your digital retail experience, so if i'm a shopper and i've got this dress, i'm interested in this dress, i can come over to the screen here and the screen will pick it up and know what i got. you can pick your size and if you've logged in, you can add it

to your fitting room. >> reporter: the intersection of online information, physical product and personization were redefined the retail experience. by opting in, retailers will know who we are, what we like and how we buy as soon as we step inside. >> as i move my feet, it creates art work on the screen. >> reporter: personalization will be paramount like personalizing a pair of converse for every shopper in the store. >> the store knows you and they can promote to you individually based on your buying preferences and history and based on what they think you will react to each individual promotion. >> reporter: smart store fronts that sense what teams you like and display the team jersey to prompt a purchase. digital halos around every product that tell a story where it comes from, how it was made and peer reviews of the performance powered by your personal preferences and particulars, smart shelves will also protect you.

>> that intelligence shelf understands that your daughter has a nut allergy, which is incredibly dangerous. imagine that every single product in the store that has nuts in it, peanuts or made in a factory that had it go dark. >> reporter: through all these experiences, the consumer will be in control. >> i don't think it's a world where you're really going to walk in and a robot will hand you the shirt that you browsed online. there is going to be people that do want that human to human interaction. the difference is they will actually be able to order it on demand whenever they want it their way. >> reporter: for "nightly business report", i'm courtney regan. >> if shopping will become more personalized, wait until you see what media will look like. julia boorstin reports on big changes coming to the way we watch tv, movies and play games. >> reporter: from television to movies, media will be

personalized. virtual reality technology like this head set is the first step to being people into a virtual world. >> in the future, if i have these glasses on, i can actually be there at the game watching with friends and family. >> reporter: at the movies, screens will disappear into the walls and scenes will surround you. this first of its kind 4 dx regional theater in los angeles hints at the future. in this theater, the chairs jerk and shake and there is water and rain effects that range from a gentle breeze to the feel of a tornado and there are eight different smells and this is just the beginning. in the future a theater like this can track your heart rate, brain and to change the film on what it determines the audience wants to see. bio sensor technology is using data about what you're thinking and feeling to enable mind

control, the future of gains. the sensors in this head set pick up on my brain waves allowing me to control what happens on the screen by thinking about it. that's amazing. head sets like this can detect if i'm relaxed, engaged, frustrated to change the look on my avatar's face. even advertising will become e merz sieve. imagine seeing reviews, glancing at shoes in a store window. blipper already enables smart phones or google glass to bring objects to life. wherever you are, you'll be targeted with personalized ads. you won't need a smart phone or google glass. futurests predict ads could pop up in front of your face or whispered into your ear. for "nightly business report", i'm julia boorstin. and in case you were curious, your thanksgiving dinner tonight costs a little

more this year. the american farm burro federation says the total cost for a classic feast for ten will average just over $49 total, but that's only, susie, 37 cents more than last year. what a bargain. >> it's worth it, especially with the pumpkin pie. that's "nightly business report" on this thanksgiving day. i'm susie gharib. have a great day and thanks for watching. >> i'm tyler mathisen. happy thanksgiving, everybody, and we'll see you tomorrow everyone. "nightly business report" has been funded in part by -- >> thestreet.com and action alerts plus where jim cramer and fellow portfolio manager stephanie link shares stock picks and market insight. picks and market insight. learn more thestreet.com/nbr.

larriva: it's like holy mother of comfort food.ion. woman: throw it down. it's noodle crack. patel: you have to be ready for the heart attack on a platter. crowell: okay, i'm the bacon guy. man: oh, i just did a jig every time i dipped into it. man #2: it just completely blew my mind. woman: it felt like i had a mouthful of raw vegetables and dry dough. sbrocco: oh, please. i want the dessert first! [ laughs ] i told him he had to wait.