we're live in london, moscow and istanbul. china's shanghai composite wipes out most of this month's gain after chinese brokerages sent shares sharply lower into the close. russian president vladimir putin tries to put up a united front over syria but threatens to pull out of the u.s.-lead coalition over the shooting down of the plane. >> either they were not controlling what their allies

are doing or they're leading misinformation all over the place. >> turkey's minister has to work after moscow threatens further economic revenge. >> online and in store the black friday frenzy gets off to an early start with customers flooding shops and online retail shops to make the best of the sales. good morning, everyone. it's friday and we're under pressure today. off by 0.1%. ftse 100 off by 0.4%. many of the stocks coming under pressure. we're off of it in part of what happens in asia. driving the shanghai comp to the worst weekly performance since august.

this as the industry comes under investigation for possible violation of the trading rules. reminds us of the summit, doesn't it? >> yeah, remember, the mainland chinese markets, they have rallied quite hard. about 20% before the fall out that we saw today from the august lows so we are eroding some of those gains from the summer route. in terms of perspective this is the sharpest one day percentage fall since the debt of that we saw in late august. there's negative factors. the first one you highlighted the headlines. that is that the chinese authorities are going for the brokerages once again and they are investigating some of the big ones. in fact, the biggest one and that is for security violations

and they're trying to bring out more margin financing, for leverage from the system. they have asked them to stop using otc contracts. that's another factor. another negative is the fact that we'll see next week a lot of ipos hit the market. if that wasn't enough the data wasn't much to write home about. they fell 4.6% in terms of their profitability in october so that was the fifth straight month of declines. what is curious is typically when we see the weaker macro we see the market rally quite sharply. we didn't see it this time around. perhaps there's a shift in psychology and the mind set of the investors. they're taking it at face value and it's the catalyst for deleveraging in the market. next week will be critical i

think. it's a big test of the market so see whether it goes lower because we have the pmi for the month of november, the official numbers and that either tells us that we're stabilizing in terms of the broader economy or those numbers could be consistent with more deflationary pressures. >> thank you. for more on the market moves in china head to our website for analysis in that sell off on cnbc.com. let's change gears back to our other top story, russia's president vladimir putin warned moscow could pull out of the international coalition if there's any more international incidents like turkey's downing of a russian fighter jet this week. how serious is this threat? because russia too has lost lives to isis. >> yeah, absolutely. i don't think we should downplay the anger here in moscow.

the government is furious about this jet being shot out of the sky. they continue to insist that they give information to the united states should have disseminated in the fight against isis. therefore they cannot understand why the turks continue to insist that they did not know. >> all right. unfortunately we are having some sound problems with jeff. we'll try to get back out to him as soon as possible because we're getting very important lines out of moscow. let's switch over to turkey. turkey will work with russia and it's allies to calm tensions according to the country's prime minister. writing for britain's times newspaper he said fighting isis is the main priority but added that turkey must also protect it's sovereignty. i want to get out to hadley still in istanbul. this is a more consilliatory

tone coming from the prime minister? >> that message is essentially coming from the prime minister. it isn't coming from the country's president. what we heard from the president has been no apologies are to be made to the russians and despite all the russian anger and despite the moves by the russians in terms of taking on new economic sanctions or implications for the very strategic relationship between turkey and russia in term of the energy consumption that happens here there doesn't seem to be any movement in terms of a change of strategy. they say no apologies. take a listen to what the president said earlier. >> translator: at this point there are some threats. joint projects could be halted. ties could be cut. is it fitting for politicians to adopt this stance? they need to sit down and talk

about this issue and afterward the mistakes should be mutually recovered. if we make emotional statements rather than this, it would be unfitting. >> he basically sounds pretty dismissive of russian feelings here. basically what you have at the end of the day are two dead russian pilots and you have to remember when we're talking about turkey's foreign policy this is the sum of the last couple of years. they have a zero enemies foreign policy that's gone out the window as a result of what's happening in syria but also the knock on effect of the arab spring. and now you have a situation where they're worried about how much of a game russia has had in terms of backing the assad government and what they have had to do against the islamic state and they basically dismissed claims made by the

russians, made by mr. putin that they are in bed with isis. that they have been helping with the funding of the islamic state. take a listen to what he had to say to that. >> the biggest supporter is the assad regime. they say turkey buys oil from there and it's people with competent authority that make these claims. shame on you. turkey suppliers of gas and oil are clear. our main supplier is russia. >> they're saying here of course that they have nothing to do with the islamic state. they have always been working to stake out not only the estate but the assad regime so this has to do not just with the foreign policy and the implications of him but also his political support at home. >> that's where i want to pick up.

so alike they can't stand it. that's one of the headlines we're seeing overnight. i think that really puts it -- that really emphasizes the point that because of that parliamentary elections, the second one this year, he's been strengthened. is he going to be more difficult to deal with in the future because of that? >> well, that is a bigger question. he says russia has to stay out of our air space and we'll maintain our integrity and taking out this russian plane after numerous warnings to stay out of the air space and back off was a result of the conflict of events on going in the country. he was watching as they got closer and closer to mr. putin

and that was very worrying to the turks. he's trying to convince people he needs to assume greater presidential authority. at least we know so far he has gotten pretty good reception for the actions taken against the russians. while it's playing well here at home there's serious economic and geostrategic implications of what's happening here and i think you'll see in the future a much quiter turkey going forward because what they had to do is take a backseat to their nato allies and let them speak for them. >> thank you for that background. meantime, i want to get back out to jeff. we reestablished the line. did he get what he wanted out of the meeting with mr. putin? >> yes, i think you could probably say he did, i mean it looked like an uncomfortable meeting judging from the body language there but i think he

came out saying that the russians had effectively agreed to step it up. he left moscow late last night feeling progress had been made. let's listen to what mr. putin said in terms of his willingness to do more. >> we're ready to cooperation with them lead by the united states. of course it's absolutely unacceptable. >> where he got less is in the area of the outlook in the future for syria. clearly hadley covered off most of those points but there was disagreement still over the future for syria and whether

bash bashar al assad should stay in power and back to the downing of the russian bomber by turkey, mr. putin, concerned. he said that they have been giving information about the location of their aircraft to the americans. they had expected washington to distribute that information across nato members so why does turkey insist they did not know that they were russian aircraft? let's just listen to what president putin said. >> we informed our american colleagues where and when our colleagues work. they knew about the time and the place where our planes were and it was there and then that we got hit. why did we pass this information to the americans? either they were not controlling what the alabama lice were doing or they are leaking this information all over the place. >> so for the time being it does

appear that president hollande is getting an increase in cooperation and inactivity against isis from the russian government. but clearly there are still some underlying issues here that are creating tensions with nato allies. back to you. >> if there is greater cooperation on the part of the russians in the fight against isis, though, in terms of the global grand coalition that mr. hollande is hoping for, is russia also hoping for a rolling back of the sanctions? >> they would like to see that, clearly. they would like to have seen sanctions rolled back sometime ago. these are been in place for some 19 months now and at the last g-20 meeting there was a suggestion, although there was some disagreement that those sanctions would be extended when the final decision is taken next

january. but if russia was cooperative in the battle against isis and perhaps was willing to drop the insistence that assad remains in power there may be some movement in other areas of disagreement with the west. but i think the message has been consistently reinforced by european governments of the west that they still need to see russia adhere to the minsk agreement and to stand by it's commitments to deescalate the conflict in ukraine at this stage. i'm not sure we should be connecting the two issue at this stage. >> thank you. stay warm. let's take a quick look at european markets again. we're lower.

off by .5% though. we hit three month highs for the european markets in part because of better corporate numbers we got out of europe this week and expectations of ecb easing but the ftse 100 is dragged down by the mining stocks. why? it's the china effect. remember that the shanghai comp fell by 5.5% today. the steepest decline since the stock market route. the xetra dax off by a quarter of 1% and cac 40 losing 0.4%. joining us now is the global market strategist at jp morgan asset management. it's a stark reminder of what we saw in the summer in terms of the volatility in the asian trading session. do you think europe is a lot more immune to that? >> they have shown that the concerns over the summer were some what overdone and that the weakness in emerging markets didn't really impact europe too much and i think there's a reason for cheer going into the festive period for european

equities. >> next week, two very big events. we have the ecb meeting and on the other hand the non-farm payrolls report out of the u.s. first off, a lot of people say don't underestimate mario draghi. on the other hand, what more can he actually do? >> he's going to cut the deposit rate and expand qe and i think draghi doesn't like to disappoint so there's a good chance that he could do more than the market is expecting which would weaken the euro and obviously boosts european stocks across the board. >> but my point is exactly that. even if he cuts the deposit rate. even if we get a step up in the monthly purchases of bonds, the january effect that we saw from qe, that can't be repeated. what we saw in the first quarter of 2015, that was the best quarter in so many years. i don't think that it will be the same this time around, do

you? >> i think it will have slightly loe less of an impact. also if you look at december, in the last 20 years, there have only been four negative decembers for european stocks. also the survey from germany is picking up consistent with an expansion in german gdp and money supply as well is close to record high which is is consistent with further improvements in the sur vase and growth and in the stock market. >> everything was so rosey, why does the ecb need to ease more? >> it's reasonably simple because the unemployment rate ais still very high and therefore it's going to take sometime for unemployment to get to the level that generates quite meaningful wage growth.

and they can hit their inflation targets sooner than they would. >> it's all about the inflation target, if we contrast the u.s. to europe, we'll likely see more easing and in the u.s. we'll see a hike for the first time in nine years in december. do you want to buy u.s. stocks because of the economy or do you want to buy european stocks because there's more easing? because unemployment is so low that will see that wage growth picks up nicely and that will drive stocks upward as well. >> what sectors do you want to buy in europe? >> the exporters should benefit from a weaker euro but we like the domestic cyclical stocks that benefit from the falling unemployment rate and if you look at consumer confidence in italy and spain it's at four year highs. >> thank you for your time. have a fantastic weekend. michael bell, global market

strategist at jp morgan asset management and we leave you with live shots from paris where a ceremony is being held in memory of the victims of the november 13th paris terror attacks. is a really big deal.u with aches, fever and chills... there's no such thing as a little flu. so why treat it like it's a little cold? there's something that works differently

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welcome back to the show. many well fed americans across the united states are enjoying an extended weekend after the thanksgiving holiday but the police are still hard at work as security remains front and center during this period of heightened terror risk. >> on the streets of manhattan, tradition on parade. giant balloons, floats and performances. >> anybody here for the first time? >> yeah. >> you feel safe?

>> yeah. >> 3.5 million spectators lined the streets. there were more police than ever before. 2500 cops in all. >> were you afraid to come? >> no, ma'am. >> why not? >> we have some of the finest police protecting us. >> some of the others marched in the parade. next to the u.s. flag they carried the french flag. >> we know what terrorists try to do is terrorists try to intimidate. >> nationwide airports are on heightened alert and in atlanta malls beefed up security. police can now tap into surveillance cam reras live at shopping centers. president obama spent the morning calling troops. roughly 10,000 americans in

uniformed marked the holiday in uniform. >> it's hard to be away from your family but we're one big family here so it's nice. >> people pause to give thanks and to give back. volunteers in washington d.c. packed up meals for people too sick to cook for themselves. >> this is what we do, right gang? >> and a holiday tradition that never gets old, newborn babies dressed like you are the kiss giving their families an extra reason to be thankful. >> cute. here in the u.k. retailers are looking for record hopes as they browse online this friday and several websites froze under the pressure. and joining us is zach. how important is black friday for you. >> yeah.

i just checked in with the office and sales 120% up already. >> 120%, wow. >> so we think this is the start to christmas shopg. >> do you make money during black friday? because discounting is so heavy. or is it to entice the shoppers to come back? >> it's been about -- if you look at an individual order, so are we going to make as much money today, probably not but if we look at the customer and brand awareness then over the long-term. >> is discounting heavier this year than in the past? >> yeah we had a very busy day. regardless of the fact so i think that it more -- it's more of a signifier to people that christmas is coming. >> unless they haven't noticed yet. what is prezzybox exactly and how do you differentiate yourselves from the likes of

amazon who are clearly dominating the online space? >> we are a gift retailer. so we'll sell everything from gadgets for your smartphone through to chocolate pizzas through to rocking horses and personalized gifts so anything that you need that's a weird or unusual gift we can supply it to you. the difference between ourselves and amazon, who are obviously the market leader in lots of spaces is we're very quick to react. we have gotten quite a flat hierarchy of a team so we can really push ourselves in directions quickly. amazon probably can't do that so i'd say that the fact that -- and i guess we have loss restrictions than amazon. >> how would you characterize the consumer that does most of their shopping online these days? because i would think that they're a lot more disearning than the shopper that goes and browses through the stores because that shopper online, he can actual hi research many of the items. he can discuss items on social

media. is it more difficult to sell to that specific consumer? >> not necessarily more difficult. more of an opportunity because like you say, there's no barriers to entry now shopping online on your tablet or on your phone or pc so it gives us more opportunity to converse with those people and we sell preacceptabilities for people that buy for a baby and also for a grandma. >> what's the best seller so far? >> a game called poo head. you put a hat on and you throw little foam shaped poo at people's head. >> wow. i'm not sure i want that for christmas. zach, thank you for that. >> there we go. >> the ceo of prezzybox.com. let's change gears. still to come on the show, belgium lowers it's terror level

amid continued rates and heightened tensions across the country. we'll get the latest out of brussels after this short break. still around.

russian president vladimir putin tries to put up a united front with his french counterpart over syria but threatens to pull out of the u.s. lead coalition over isis over the shooting down of the plane. >> either they're not controlling what their allies are doing or they're leaking this information all over the place. >> turkey's prime minister vows to work with russia after moscow threatens further economic revenge. >> online and in store the black friday frenzy gets off to a start with customers flooding shops and online retail shops to make the best of the sales. >> let's get straight to macroeconomic data. that was confirmed at 0.5% in the third quarter. that is a slow down from 0.7% in

the second quarter but again in line with forecasts year on year. we're getting the confirmation that growth was 2.3% higher. in terms of the break down that we're getting for the first time, trade actually posing the biggest drag on record. let's have a quick look at sterling. we're seeing sterling inches up very modestly after the u.k.gdp data came in line with expectations. 15067 is where we're off. in materials of european equity markets we're under pressure today. why, in part because of the sell of that we saw in china. the shanghai comp of 5.5%. the biggest slump since the end of august and many of the mining stocks are pulling the ftse 100 lower. the xetra dax fairing better we're off here by a quarter of 1% off the three month highs we saw for european equity markets in yesterday's trade. belgium has reduced it's terror threat level from the highest point of 4 to 3.

the prime minister cautioned that although the immediate may nature of an attack was no longer present it remained real and serious. >> nbc filed this report overnight. >> more raids today and into the evening outside brussels in the hunt for europe's most wanted man. suspected of being part of the paris terror cell, perhaps planning to join the suicide attacks and then backing out. today a house was targeted. rented to one person, the owner said, but several mattresses were on the floor. >> there are police with machine guns and dogs. he was seen with another suspect at a gas station prior to the paris attacks. elements of the investigation must remain confidential the

belgium prime minister said today to make sure that we can stop this threat. but they unexpectedly lowered the threat level this afternoon. earlier the city's grand mosque receiving envelopes of white powder. a frightening few hours as 11 people underwent emergency treatment. test later showed the powder was flour. separately two men were arrested at amos k in germany accused of planning more attacks. well over a thousand raid versus been carried out across europe. weapons and money seized. the mastermind of the paris massacre killed but still tonight the search for suspects goes on. >> those raids were carried out here outside of brussels. meanwhile another raid has been underway in a town an hour from here. local media asked to restrict report of that operation until it's over. back to you. >> we have breaking news for

you. i'm seeing that the kremlin said the turkish president has requested a meeting with putin in paris on november 30th. so the relationship between those two leaders has been very tense of late after the doung of the russian jet by turkish forces close to syria earlier this week. back out to julia in brussels to talk about the continued normalization that we're seeing in brussels. what are you seeing julia? >> well, we were hearing there the security threat level now down to serious rather than imminent so i do think the people we have been speaking to this morning have been asking whether or not overall this was an overreaction but of course you heard there about the raids that we saw yesterday and then we got this lower of the security alert level in brussels. people just wondering whether those two things are connected. at this present moment. and the prime minister yesterday said this is the plan.

we don't want to give out too much information. we want to keep this thing as quite as we can and you heard that about the social media aspect and now they asked the press don't talk about what we're doing when we're involved in those operation. there's criticism that that's breeding uncertainty here and people don't understand what's going on. but the prime minister fought back on that point too that i thought was interesting yesterday. listen in to that. >> i heard several people saying communication is creating fear. i'm sorry, what if producing fear leaves 130 people dead. there's 130 people wounded. terrorists are spreading fear. not the government. >> so having said all of that we came here in the square, right in the center of brussels last night and i can tell you that the atmosphere was very, very different from what we saw on monday. there were people walking around. there were tourists. there was a couple of musicians playing music to people and

people were stopping and watching. so definitely a sense of people trying to get back to a level of normal life even if it's quite and people like a man in a coffee shop said to me what we haven't seen in brussels is the reaction we saw in paris where people just picked up and got on with it and said we want to fight back here and seemingly the belgian people better than what we saw on monday. the crucial question is so close to christmas what kind of impact is this going to have on tourism? we spoke to a representative of the tourism industry yesterday and i asked her how bad has it been in terms of cancellations and how quickly does she think it will pick up again? >> we don't have a clear view on the impact of tourism yet. we're monitoring and measuring it but for brussels as a city, we will have had some cancellations but we also see that people are rescheduling their trip.

they go to other cities in the country or people try then to postpone their trip. this is especially the case with school trips. so we will expect them later when it's more safe. i think it will just take some time and usually they say it needs a few weeks to recover from this kind of situation. they also say the same thing will happen to paris so we are assuming that blrussels will be busy again in the coming weeks. >> to sum up, we have seen the security alert level drop here in brussels in line with the rest of the country but still a great deal of uncertainty about what 30 plus raids over the last six days have actual lay chooly. >> thank you for that. fantastic work this week. moving on, a low interest rate environment had a minimal impact on the stability of the country's banking system. the central bank did warn that

low risk premium as a result of low rate environment could endanger financial stability. nancy spoke to the vice president and asked her how the german banks were coping. >> what we're seeing in the german banking sector is that the banks and ensurers are under pressure from low interest rate which is have different reasons and so we're doing an assessment of how the capacity of the banks and of the insurers are in different types of analysis. >> one area the bank false under pressure is when it comes to profitability with margin pressures specifically. in your report how have you found that german lenders are fairing in that regard. >> let me start with the banks. so we have seen pressure on interest rate margins for the banks for an extended period of time already so to some extent

it's also structural development and now of course interest rates being low, that puts additional pressure on bank margins and there's a certain risk that if the interest rate environment changes that returns of the banks are coming under addition fall pressure. so we look at this and we see that the banking sector now is much better capitalized than it used to be in the past years. so there's the capacity of the banks to buffer, but we also say that the banks internally have to consider macro risks and potentially adjust their business models. >> considering those macrorisks, one of which being volatility we merging markets and china, you mention that banks have weathered that so far but if we see an increase in that volatility, how do you think the banks in germany are set to fair? >> that's a good question. we see if it compared to a year ago we're talking about

potential risks and now we have seen financial markets. one is of course the discussion we had with regards to greece and the -- it's remaining in the euro area over the summer and then we have seen higher volatility in emerging markets. and it's actually the banks and investors have weathered this smaller storms quite successfully and this is why we're saying that we also have to observe market developments in the future and make sure that buffers in the banks. in regards to the emerging markets one has to say that the exposure of the german banking sector and of the euro area as a whole has declined some what after the crisis and we are of course watching these very closely. >> all right. quick look at commodity prices. prices are under rur today.

geopolitical tensions failing to produce oil as weaker chinese data weigh on prices. wti off by 2%. brent crude losing a little bit less but still off by roughly 1%. changing hands at 4501. he has joined me around the desk. good morning to you. i guess this week is very very telling of what oil prices have been doing all of last year. we did rally because of geopolitical fears and then bullish comment coming from saudi arabia. then we dropped off because the fundamentals are coming back into play. >> it's usual drama just before the opec meeting. people try to take some queues out of it but you're right. fundamentally markets are still unbalanced. demand which has been great in year generally, started some slow down in china and the u.s. i would say. so that's not helping.

on the supply side the situation seems to get worse, especially when you look at news from libya, for example. imnating where they're suggesting that they will be started. that just adds to the situation. >> let's talk opec. let's talk saudi arabia. exactly one year ago we saw that pivotal opec meeting when saudi arabia decided to defend market share instead of price. we're seeing a pull back in u.s. production but the oil price has recovered. do you think they're close to giving up on that strategy? >> i think they are close to achieving what they have been trying to do here. i think if they had stayed on this strategy for one year it will be almost foolish to go

back and take a complete u-turn when you enter the first quarter of next year when seasonally it goes down and the markets come under further pressure which could mean that the end game for a lot of producers out there, particularly the marginal cost would be out from the market and maybe let the prices fall and let them able to produce at that price very quickly. >> but how long can even saudi arabia continue to stick with that strategy? because their own revenues are coming under pressure too. >> absolutely. if you look at their physical deficits we have seen almost $100 billion worth of deficit created with the drop in oil prices for them. they have tried quite innovative ways. they have looked at tapping into

domestic bond market and trying to reduce their expenditure budget but at the same time with the foreign reserves in place if you had to just go by that number they could go on for a few more years if they had to really play this. i do believe that at the end of the day a lot of people underestimate saudi arabia's dominance in the oil market today and i think they have clearly shown for one year or so that they can stand the pressure more than any other producer right now can. so before the meeting, there might be a little bit of drama here and there. you might hear but i just find it very difficult to believe saw day r -- saudi arabia taking a u-turn at this point. >> that will be down more than anything else you think? >> i think so. there's very little reason for them to come back and saying we're scaling back when especially their competitor iran is coming online very soon. >> i want to talk about investor positioning because an interesting article saying we're

seeing an 11 month high in short positions in crude. the speculators were those that drove up the price during the rally that we saw in april or may. are they the ones primarily driving it down again. >> speculators are -- i will put it this way. the funds are always looking for something new. they always try to see where they can make most. in september -- and in april this year they were trying to see them on the bottom. but fundamentally we could see that was not true. i wouldn't completely blame it on the speculators here because of the short positions going up but i can see why they're getting nervous as their strategy hasn't played out very well and two, as you move into first quarter of next year, we're going to see a lot of this putting pressure on markets. now this is something that we're waiting to get a little bit more

clarity on that. when would that happen? >> finally, currently, brent trading at around about 44 or 45 in one years time. you've only seen an upside of $10, right? >> yes, unfortunately we do have excess in the market which would still be in place by end of next year. i also have to say the cost cuttings that have hepd bring down the marginal cost of barrel will continue to hold by the end of next year. perhaps 55. maybe $60 we believe would be the right price. at least in the near term. >> thank you so much for your time and your insights. appreciate it. >> he was meant to be nothing more than a tasty meal for a tiger living in a park. the stubborn animal was sent

into the tiger's enclosure this week. but the park said but no one had taught him to be afraid of tigers. and instead of fulfilling it's role in the food chain he chased him out of the big cat's own sleeping mace. he has been sleeping in his spot now for four nights. he has been banished to sleeping on the shelters roof. what an incredible story. it's not a dog eat dog world after all. at least between the tiger and the goat.

how technology is shaping india's mobile wallet. >> there's a new trend in digital payment and it's taking off in india thanks to the take off of smartphones in the country. the number of smartphone users in india will top 650 million by 2019. a huge jump from 140 million

last year. >> more indians use this to pay for stuff, smartphones, than this with i don't know how many credit cards. >> 95% or more happens in cash. it's all cash. so there's disruption waiting to happen. would that be through an apple pay type of model? or there will be new banks or there will be new alabama lets forming, i don't know. but there's a disruption coming. >> estimates vary but india's mobile wallet market could cross $11 billion by 2022. alibaba backed pay tm which already has more than 100 million users on its mobile wallet platform is betting that growth will be exponential as more users discover the

convenience of digital money. >> your bill payment, your satellite subscription pop up, all of those things you need and we sort of have staggered approach to things like bus ticket, rail ticket. >> the market has attracted many players, banks, online stores and digital payment companies. the question is, what will it take to win in this space? >> the companies that finally reach out to the masses, the smaller towns and are eager to get them on to their platform. >> whoever gets the most consumers and merchants. india is the wild west because they are seeing all of these plans play out. we're seeing the value created and they're not going to sit and wait and say you take it away

from us. >> while there's hope they can help pave the way to a cashless indian economy there's constraints in the network and related infrastructure. >> if you go, the internet is yet to take off. now people are learning about mobile payment and mobile commerce. >> and the small shops are set up. how do you get the retail market to start adopting the wallets. >> still about half of the adults in india have no bank account, that's why mobile payment holds much promise to help extend financial services to the country's large unbanked populati population. >> and most people state side

are probably just waking up from their turkey induced slumber but black friday is already upon us. deals can be found without entering a store as thanks givi giving is one of the fastest growing shopping days of the year. but don't forget to bring your cell phone. >> typing, swiping and scrolling. americans may be hunkered down at home but stores are reaching out because they know we're on line. >> it's a day we're connecting with family on social media. we're looking for recipes and gift ideas and retailers are there where we are. >> the strategy is working. e-commerce is stronger than ever. americans will spend nearly $2 billion online just today. that's roughly 20% more than last year. the biggest sellers electronics including tvs, game consoles and

head phones. >> some are only people that follow their twitter feeds or become members of a loyalty program. >> you can often find the best prices by following a brand online and downloading their app. for tech savvy teens this is already part of their routine. >> so do you use the app when you're in the store? >> i go on the urban outfitters app and what they post on instagram and stuff and i just got 10% off my purchase there. >> now that stores are opening tonight -- >> i got my spider man and now i'm off to go get my teenage mutant ninja turtles head phones. >> don't leave your phone at home. >> president balm and his family had their thanksgiving holiday interrupted by an unwelcomed visitor. a man wearing an american flag that jumped the white house fence. he scaled the fence thursday afternoon and was immediately arrested. he now faces criminal charges. the white house and surrounding

streets were locked down for about two hours. a witness says she heard him take a deep breath and say okay, let's do this. okay. still to come on the show, flash back to the volatile summer months and china as they post the biggest one week decline since august. so are choppy waters back for good? we cross out to asia to find out next and we'll leave you at a look at how the futures are trading ahead of the shortened trading day on wall street. we're looking mixed. we'll be back in two.

>> welcome you're watching worldwide exchange. we're live in london, moscow and istanbul. here are your headlines. >> the threat of economic sanctions finally pushes turkey's president to the table but will the kremlin meet him halfway? >> progress made in talks between hollande and putin in greater cooperation in taking on isis but of course president putin also threatening to pull out of the u.