Are flying open late into the night as old School Retail in a pitched battle with the online guys, jeff flock in the middle of the mall madness just outside of chicago. But what makes us say the holiday get aways already in swing even though the closing bell is an hour away from ring ing . Well the floor of the New York Stock Exchange is abuzz with crickets well it all comes, stay there, peter as businesses and individuals alike start to think long and hard about the new law of the land after President Trump signed the gop tax bill into law this morning. Weve got an expert whose about to tell you what you and or your business must do now to save yourself money. On wall street, theyre watching bitcoin get bitter by the bears and we dont see any bargain hunters right now. When will the bear slide stop . Bitcoin this hour is losing a third of its value, now stands at 13, 075 plus peter . Hes one of our floor show traders. Last minute picks and pans and bargains plus Charlie Gasparino and ir going to read and respond to your such warm kind holiday tweets. Not youve got to hear these, yes were going to read these, less than an hour to the closing bell lets start the countdown. Folks weve got this breaking news right now. Look on your screen. Green bay police have responded reports of an active shooter situation. This is outside lambeau field, home of the green bay packers. The bomb squad showing up on the scene moments ago. Green bay police say a suspect is in custody. You can see that the bomb squad is right there in this shot. Doesnt look like theres too much activity at the moment beyond lots of police cars thats all we really have at this moment other than it happened at the south side of the stadium near the warehouse area, if you know green bay well be sure to take you back to the area as soon as we have more details on this developing story. So weve got our cameras there if anything happens and now to the markets. Well weve got the averages in the red here. Doesnt santa wear red . Its not the worst thing in the world. Call the s p 500 flat its down about a point the nasdac down five, and we still have the nasdac within 40 points of 7,000 , both the dow and s p by the way are set for a fifth straight weekly gain while the markets are down today. Trading volume very very light. This is not a surprise. When you look at the volume its running about onethird lighter than normal. Normal is about a onemonth average so there isnt a lot of activity nothing about this chart worries a lot of people who are in the know about investing. One of the biggest losers that is causing some alarm today, bitcoin. Now when you see this chart, you can see the twoday really shows the plunge that the cryptocurrency took at the moment it touched threeweek lows of 11, 159 and you can see right now its at 13, 190 but it had been near 20,000 sunday. This is the largest oneday plunge in nearly three years. Now bitcoin rallied remember when it was 751 in january to a high of yes as i said close to 19, 700 on sunday a gain of more than 2500 but youve got a lot of people screaming and yelling that this was a pump and dump scheme and people who got into it were getting people all excited. Listen anybody who invests in whatever they want thats their choice, but this is starting to look a little disturbing, so we have a company that has the word blockchain in it so were going to ask that ceo exactly whats going on. Also, not doing it for the market today, nike. The Athletic ApparelCompany Feeling the squeeze at home as Quarterly Sales fell short of estimates in the u. S. , did beat them in china and europe, the middle east and africa so whats the problem . Rival addidas has been taking up more of the u. S. Market share from nike. Nikes down 2. 5 and you talk to any kid from 13 to 18 and they will tell you that its addidas thats resurge rent. Nike is somehow not cool at the moment. A lot of people are decking the halls. New home sales skyrocketing 17. 5 in november. This is the biggest monthly jump in more than 25 years. You can see the Home Builders are not getting a pump up from this, only by a third of a percent, kb homes is down a quarter of a percent, hovnanian is a 2. 87 stock but this is the best number in more than 25 years and most homes sold in a single month since july of 2007. Get away day not going so smooth ly in at least a few parts of the country. Here is what we know. A wintry mix of rain and snow making travel difficult in the northeast specifically. You can expect delays if youre traveling there. Kind of up and down as you see that green area start to move to the east coast and it will hit south near memphis and louisville, so airports around that area are experiencing what could be difficulties but also everyones looking at a brunt of this frantic friday. Long lines, crowded terminals, construction delays on what experts consider the busiest air travel day of the Holiday Season the conditions at the nations airports, this is also a huge problem. The u. S. Travel Association Says some americans are avoiding travel altogether. Infrastructure is a mess, you saw what happened when you had a power outage at hartsfield just last week, costing the economy 24 billion. Hillary vaughn is outside the nations second Busiest Airport at lax at Los Angeles California of course thats my hometown and you can buy surfing clothes within the airport but what does it look like by the ticket area . Its calmer than you would expect about 10 Million People are expected to travel this weekend liz that makes it the highest on record ever this is the ninth year in a row that they have broken the record for most travelers during this Holiday Season so to deal with the holiday rush the tsa is utilizing more resources than last year. They had 55 more canine teams this Christmas Travel season on the look out for any explosive devices including a team here, this officer and his dog are also asking travelers to text 7911 with photos and videos to report anything suspicious. Now tsa says there are tighter security measures in place contributing to some of those longer lines, travelers need to remove any electronics bigger than a cell phone from their bag s and put them all in separate bins which of course can make the line through security a lot longer but another way dogs are helping out they have therapy dogs this is the pup unit. They come out, every week but during christmastime they dress up extra special and im here with the director they have 53 of these in airports around the country and i want to ask you, so is this a little crazier than usual and how do your dogs help passengers get through the holiday stress . So i feel actually this year were doing really well, right . Its not as crazy as it normally is but the dogs are here just in case we need somebody whose maybe having a bad day to give them some love and some joy and kisses. They also have their own business cards, liz, and they are so festive but not as crazy as you would expect but things are picking up its still early here on the west coast. Liz oh, i cant let you go. You have to, pan down to the middle one with the little hat. Oh, its so cute. Right there. This is chance. These are really theyre steal ing the show, liz. Everyone lights up when they see them and look at his little necklace of Christmas Lights is blinking as well. Liz that is a lead story. Good evening, this is headed our way but first hillary with the pup and the christmas necklace. Adorable thank you. I do what i can, liz. Liz i would say that absolutely would calm me down in an airport love it love it. Thanks, liz. Liz thank you very much Hillary Vaughn only in la. Well, some people are rushing to get out of la and out of dodge. Others are hitting the mall for those last minute gifts and theres this huge battle going on, right . The brickandmortar names really want to beat out the online retailers. Last minute bargains are all over in the malls, what about you savvy investors . And what about stocks that was your last minute investment so lets go right to the floor show , oh, peter there you are. Youre all by yourself. Lets start with you. Hi, liz how are you . Liz i am well. Your gift has been for those who dont know, the guy who makes all of the dow 19,000 happen, 20,000, 21, thanks to you i always have the right hat. Im not going to ask you if youve already ordered the dow 25,000 hats because were very close to that. Have you ordered dow 26,000 . You know what i havent. Im going from 25 to almost 30,000. You already know that. I dont know whats going to happen next year but it seems the market seems strong to me. Youre looking for bargains probably investing in the company thats making these hats for me and youll probably do well. Liz were 250 points, 249 points away from dow 25,000. Chris robinson, what bargains do you see right now in the markets that most people havent noticed yet . Well, you know, were probably talking about bitcoin thats the newest futures market id go back old school the original Derivatives Market here we started trading corn and wheat. Wheat has had an 11 year low and if youre taking profit somewhere else id take a look at that. So you can buy wheat very very cheaply, were at an 11 year low this is one of those things you want to go the other way, and so i would say take a look at that. If youre looking to sort of take a flier on the next six months. Liz how does the individual investor, chris, buy into wheat . They buy the futures . You could trade futures, you could trade options, or even options where you buy an option you know from day one what your maximum loss is, so you can go out and reown something for six months and again its a long term play, as overbought as Everything Else is, the stock market and everything you start to look at a play and grains are very very very oversold and so its kind of speculative but its something you may want to take a look at. Liz corn has had a great week, phil, [laughter] tell me what your bargain is right now. Beans are in the teenremember that . Yes, why dont we root for the beans to go back down to the teens and back up to the teens but yeah absolutely and ill tell you what i think the brickandmortar is doing better and macys i think has had a nice little run and maybe macys is going to do really well in the new year and the other reason why i think i saw flock at the mall i think hes doing all of the shopping im not sure about that but i think thats going to be good from the stock in the new year, so definitely like macys. It pays a good dividend and the other thing is they own a lot of property and guess what i think those Property Values are really going to go up in the new year with the trump tax cuts so believe macys is the bargain of the year. Liz i know terry lundgren, a long time ceo stepping down but good luck to him. Hes done a nice job three years has been difficult but starting to move up. Good to see all of you peter, chris, phil, merry christmas. Happy holidays, and by the way be sure to tune into wall street week tonight. Youve got the famed art dealer sitting down with Maria Bartiromo talking about the economy, globalization, and that 450 million davinci. 8 00 p. M. Eastern and stick around for the property man bob massey takes dessert living to an entirely new level. A luxury tour of whats known as the scorpion house at 8 30 p. M. Only on fox business. Closing bell, were about 47 minutes away. Signed sealed and delivered President Trump putting his job hancock on the tax cuts and jobs act in the oval office, just a few hours ago, but folks, there are a couple of tricks that the tax brainiacs have already figured out that you need to use before they expire new years day. Tax expert joseph perry here with the three things individuals and businesses could use and should use to beat the new system. Theyre legal, countdown coming right back. At fidelity, trades are now just 4. 95. 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Whatever you kids are doing these days because now that the trump administrations tax cuts are about to become the new reality, its game on for both individuals and businesses to immediately try and figure out how to beat the new system, or at least improve it including what to pay off before january 1 rolls around. So we thought lets bring in a tax expert who understands both of these things joseph perry, leader of tax and Business Services and we also have a trump voter and a republican and a gop strategist ned ryan so youll wait because i want to hear what you think can be done ahead of a tax reform plan that youre not totally in love with, but hold that. Joseph first to you. I have to tell you be honest. Youve been snooping around trying to find loopholes already everybody is. Its amazing because now with media and information being instantaneous, everybody is asking questions, so were getting many of our clients calling us, so obviously good accounts are looking for loopholes and one that i think has now confused people is the fact that many accountants including us were saying that you should prepay your 2018 state income taxes and low and behold what youll find in the law they must have heard about it too they took that loophole away so you can not prepay your 2018 state income taxes; however you can pay your 2017 income taxes, state taxes and you want to ensure you do that especially if youre not in the alternative minimum tax thats one of the few times you have that. The more you pay this year especially if youll fill up 2018 with the 10,000 deduction youre better off prepaying it this year. Second what you may want to do is prepay your real estate taxes many jurisdictions are actually trying to figure out a way to collect the taxes. I guess so that way they could help with collecting money quicker. Liz okay wait hold on. Let me clarify your real estate taxes from 2017 or you cant do the 2018 . You can do the 2018 provided theyre willing to take the money and it is effectively okay to do. Thats the confusion. People are confusing state income taxes for 18 with real else that taxes for 18. You can prepay as long as its assessed and the town is willing to collect it. So thats one of the few loopholes youll have this year versus next year. Liz ned, i want to bring you in here. Youd written a piece that we had you on about because systematically filleted this whole thing. You did not like it. You were slashing and burning like pauline where she slices the salmon up in very thin piece s and does it say anything to you that already tax experts are trying to figure out ways to game it . Well, no youre right, liz. I still have my concerns and i feel that it cheated towards the corporate guys. I really wanted an effective rate of 25 for the Small Business guys so when you get to a 29. 6 effective rate its a step in the right direction liz it just didnt go far enough and i also think too, i still have question marks if an average family makes 73,000 is getting 2000 back annually, great that theyre getting their money back but lets not forget all this money coming back was theres to begin with but thats only 42 a week and im not sure thats life changing experience. This all to say liz i really think this plan lets call it a solid double could have been a home run if they had done it a little better for Small Business or done a little bit better for the middle class and upper middle class. That all to say im still perplexed as to what democrats will run on. Theyre feeling like they have an opportunity to run against this in 2018 but what do they do when you see multiple quarters at 4 gdp, a stock market that goes to 26 or 27,000 and you actually do see some jobs added and wages go up. I just go back to the fact liz i think a Small Business rate at 25 would have had a much more Immediate Impact on the middle class in regards to new jobs and wage increases and so i hope they will go back to that same time liz, but i think they need to go back and address these loopholes that carried interest loophole being one of them. And had mnuchin actually go to the irs and ask for a new opinion, what does this actually mean and do you know what i think they could actually get this done outside of congress so id encourage trump to do that on the carried interest loophole liz joseph, also the corporations. Already many of them are saying do you know what . Were going to give bonuses some like fedex say well wait but when we see it out to gdp were in, we will start giving bonuses and raising wages et cetera, but the corporations, what about the corporations . He was a tax guy that used to pay less than 20 . Im thinking of General Motors who actually got a tax credit a couple of years ago even though it made 4 billion and there are Many Companies that gamed it so well they paid under 20 . Yeah, well theres a misnomer about the effective rates. First of all what you have to think about relative to the effective rate is the fact that you start at 35, if you have foreign income youre not being taxed on that so thats going to lower your effective rate and now with the repatriation going through territorial tax to some degree that money will come back you know ive asked some of our clients what are they going to do and many of our clients are really giving me better news than i thought. One of my clients that has a lot of money offshore, actually said joe, theres no place better than investing in the united states. Even though i ha