i'm joumanna bercetche these are your headlines cat loechbya's three separatist parties win the majority of seats in the regional election, but there is another tense standoff with madrid former catalan leader carles puigdemont says it is a slap in the face for prime minister mariano rajoy. bitcoin briefly sinks below

$13,000, taking it down 20% in the last 24 hours. and 128 nations vote against the u.s. in the u.n. general assembly calling for washington to reverse its recognition of jerusalem as israel's capital, further infuriating the white house. >> the united states will remember this day in which it was singled out for attack in the general assembly for the very act of exercising our right as a sovereign nation. good morning it's friday. the last friday before christmas. we have a busy show. let's get cracking and look at how markets have done overnight. yesterday's sessions saw new gains in all three indices, all broke their losing streak on news that some companies will be using the tax bill savings on higher wages asian markets also closed mostly higher on the last day of trade

before christmas the picture in europe is dominated by all of the news that is coming out of catalonia. the election there showed a big win for pro independence parties. let's see what the picture is like for a european indices as we get into that story ftse 100, the ftse posted strong day yesterday after starting off soggy. it's the second best performance for the year the picture for the remaining indices, ibex down almo lagging a lot relative to its peers. the cac and xetra dax are down 0.25% or so. let's look at some of the spanish names that have been pulling the ibex index to the down side. the european -- sorry, the

spanish banking sector is weighing on stocks here. caixa bank down 2%, and sabadell also down 2.6% some of the big names in texas which despite posting strong earnings last week are down 0.7% on the day today telefonica also done 1%. let's get to our main story. catalonia's pro independence parties held on to their parliamentary majority dealing a blow to prime minister mariano rajoy. with counting almost complete, the unionist party appears to

have won willem, what are the next steps from hear? >> i'm outside the headquarters of the erc party last time i was here, i was talking to oriotheriol junquerae is in a prison and not able to campaign, but his party has done well, picking up 32 seats. carles puigdemont campaigning from brussels, they picked up 34 seats, that's 66, with the c.u.p. here, in favor of separatism, if they abstain or join with those two parties they will have a majority that could govern in the catalan assembly, 135 seats. they'll have 70 or with the abstention, 66 they have to between them try to hash out who would be leading that potential bloc, whether it would be carles puigdemont or

junqueras, and also figure out the strategy when it comes to madrid we've seen a distinction between those three major separatist parties on their approach to pursuing independence down the road the question is what will mariano rajoy do we saw 70 seats in favor, so a slim majority, because of that we heard from the leader of the local party, ines arrimadas, sh said it wasn't all catalans speaking for the separatist parties. >> translator: the social majority in catalonia is in favor of the union with the rest of the spaniards and europeans and nationalist parties will never be able to speak in the whole of catalonia, because we are all catalonia and this has remained very clear. >> carles puigdemont put blame throughout the campaign, and

throughout the last few months on the shoulders of mr. mariano rajoy. he placed the prime minister responsible for a lot of the upheaval we've seen, that has not seemingly changed in response to the vote here's what he said. >> translator: they have to liberate the prisoners, the most important thing is to start a political recipe, that's the only recipe that mr. rajoy never tried. he has to start a political solution mr. rajoy and the spanish government must find a political solution if they do and follow the wishes of the catalan people, we will find that solution i'm here to find that solution we're here to serve the catalan people and look after the social, economic and cultural process for a better spain and europe if they want to do that without catalonia, it will not work. >> mr. puigdemont's personal future is still uncertain. the spanish government dropped in extra police force last night to patrol the border from france

to stop him sneaking in undetected he's currently still in brussels it's not clear what will happen with those still facing trial in madrid a huge amount of pressure on mr. rajoy and his party, they did very badly in the election last night wh night. what this means for the national stage, we'll have to find out in the next few weeks >> brilliant, thanks you will speak to a member from the erc party in about a half hour we will speak to jordi sole, former head of catalan eu affairs, and what they have to say is going to be important given they are one of the largest secessionist groups that came out victorious yesterday. joining us is the head of market strategy from swiss quote bank thanks for joining us. i would like to ask your opinion

on some of the moves we've seen in european markets on the back of the catalan election results. are you beginning to think that perhaps going forward the politics in spain will be more of a theme for markets in 2018 >> you know, i think overall that the market is sort of unfazed by the situation in catalonia at this point. the optics are really what matters. we've seen the pro unionist government saying they topped the polls. separatists are saying they have a majority of seats. it's about putting the best face forward. we don't know how things will evolve moving forward. the lack of reaction in the financial markets, especially around the euro, shows traders are unfazed by what's happening now. i think because they're seeing a strong and unified europe behind spain, which gives the catalonia people very little maneuverability in terms of

moving forward it will be difficult to think of an independent catalonia state without the membership in the eu for right now the market will be somewhat muted or the effect will be somewhat muted moving forward it will not have the type of impact that many people expect, because of that strong unified europe. >> certainly that's been a theme for the most part of the year with the market brushing off most political developments, not just in europe but also in the u.s. speaking of the u.s., we just had news of the u.s. passing this major tax reform bill markets have certainly initially cheered it on. i guess some sentiment in equities has come off a bit the last couple of days. what's your take on this tax reform bill? >> i think the sound of a tax reform bill pumped up equity markets. people started talking about reflation, pro growth.

when they started digging through details, the reality set in that it will not accelerate the u.s. economy as much as people expect. the idea that corporates are waiting for this tax relief in order to increase wages to send out bonuses to start investment is probably sort of not the honest truth right now they are not waiting for trump to save their business strategy. so i think moving forward it's going to have a minor effect this means also when we price into the speed of the u.s. economy, inflation will be somewhat subdued and putting forward the fed curve, it's probably not going to be as aggressive as a lot of the highlight headlines are saying now. we would probably discount a lot of the optimism around the tax relief bill, moving forward with a weaker dollar in 2018. >> i was going to ask you about the weaker dollar. initially when all of the discussion about the tax reform came out, the impression was some repatriation flows would be

usd positive we have not seen that. for the most part of the year the dollar has traded weaker the dollar is down 12% just to go back to what you were saying, you're not thinking next year will be a positive year for the u.s. dollar? >> agreed. we don't think next year will be a pro dollar environment, though the imm numbers are coming out the dollar positioning is quite weak right now there's a possibility we see reversal of low positions. overall the political uncertainty, the already priced in fed yield curve, also the catch up in many of the business cycles both in em and developed nations mean that the u.s. is really not outperforming on a relative value basis that much more than europe or many of the emerging markets we don't see that dollar trade coming into play >> i would like to ask you

something that's perhaps left field, i see you launched a platform for trading cybercurrencies. you're trading ether, bitcoin, et cetera. why did you decide to take this step >> right absolutely the cryptocurrency world is one that's in flux right now there's a lot of questions about the stability. we do have a strong demand we want to give our traders and investors an opportunity to invest if they want. it comes down to how you look at the world moving forward it's more or less a binary bet at this point. if you think that the fiat system that we're running now will continue to work well, that governments, deficit spending, policymakers, use of their monopolyistic power is fine, on the other hand if you think there needs to be an alternative, you need a voice

for cryptocurrencies >> peter, thank you very much for that now, coming up, lights, camera, out of action. we'll discuss the revolution sweeping through the media industry and the implication for investors after the break. when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that, the golden hour. evaluating patients remotely, is where i think we have a potential to make a difference. we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network, with ultra low-latency that will enable things like precision robotic surgery from thousands of miles away. as we get faster wireless connections,

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welcome back the american box office is thanking its lucky stars for "star wars." the latest film brought in 2$220 million its opening weekend making it the second biggest debut in u.s. history. filmmakers are hoping for more success over the christmas holidays julia boorstin has more. >> reporter: the 2017 box office is on track for a massive end to the year the north american box office is projected to top $11 billion fo the third straight year. >> let's go! >> dragged down by a weak summer, peppered by high budget

flops such as "monster trucks" and "king arthur" the totals this year are projected to be lower than last year's as of now the box office to date is running 3% behind last year how much the 2017 box office declines from last year hinges on the apeoppeal of new movies hitting theaters over the holiday. jumanji and others hope to get broad audiences. pitch perfect 3 has a built in fan base and "all the money in the world" could benefit around heightened interest with the replacement of kevin spacey with ki christopher plumber. one brand expected to bolster next year's box office is marvel six films will be hitting theaters, three from disney.

"deadpool" 2 and venom from fox and then the animated spider-man from sony. there are a number of other beloved names coming back for sequels including jurassic world and oceans 8 from warner brothers back over to you >> the uk paid tv market has peaked traditional broadcasters will have to invest heavily to keep pace with changing viewing habits not all companies are likely to survive the revolution sweeping through the media industry madeline king from legal and general investment management joins us good morning >> good morning. >> let's talk about some of the changes. you can't really talk about the tv or traditional tv sector without talking about netflix and these types of streaming services that seem to be disrupting the industry. what is the uptick like in the

uk as of now when it comes to the split between traditional tv and streaming services >> we hit a point in the uk where over a third of households take one streaming service, netflix is the clear leader. what's interesting is if you compare the uk to the u.s., the u.s.is a much more mature market on the paid tv side than the uk is. when the u.s. hit this point of penetration, that's when the traditional markets turned we started to see customers cutting off cable subscriptions. we think we hit that point now in the uk. we think 2017 is an important number in the new year what is that number of penetration? >> 35% >> so reading your notes, you said despite the changes, the traditional tv model has not really changed, it's still reliant on advertising costs, revenue from charging customers. why hasn't the business model

evolved as the sector itself has evolved? >> i think because it hasn't needed to. i think a lot of that comes down to demographics in the uk. if you look at our changing viewing habits, they've been concentrated in younger generations. as a nation we are watching less tv than we did in the past we're watching 10% less a number of minutes per day than five years ago. if you look at the split, it's heavily driven by younger viewers. so children, teens, people in their early 20s, whereas if you look at the majority of uk adults, those are generation x and baby boomers, they're still watching an awful lot of tv. the average over 65-year-old watches 5 1/2 hours of tv still a day by a traditional tv method so the traditional broadcasters still do have audiences, just not the young audiences that

netflix has. >> so, going forward, do you think the market will reward those companies that provide the content? for example -- you mentioned this in your note. disney shares have doubled over the last five years, other competitors have done nothing. their shares have dropped. so the market is warning those who produce the content. do you think that will drive the outperformance going forward >> absolutely. i think the market is discriminatory between those who produce the best content and those who don't. it's interesting to look at the huge amount of money that the likes of netflix and amazon are spending on content at the moment it's absolutely -- >> billions of dollars >> yes >> so this year on original content alone, $5 bril o$5 bill these new players. that's not including spending on back catalogs. this is driving an enormous

price inflation in the content market if you think of "the crown" one of netflix's flagship shows, that's arguably one of the most expensive tv shows made. we never get to hear the real numbers, there's rumors that's 1$100 million a lot of attention to detail, really high critical acclaim, really good production value, great outfits. that's what i watch it for that means that the inflation across the sector is potentially a problem for the entire industry it's great if you're a content producer, if you're a traditional broadcaster competing with netflix, it's difficult to keep up and hard to compete with content like the crown. >> and get that return on investment >> exactly

>> madeline, thank you for joining us today now, hamilton hit the london stage. the pulitzer prize winning musical inspired by america's first treasury secretary premiered at the victoria palace theater last night and garnered stellar reviews. have you seen hamilton yet >> i haven't seen it yet i will see it in the new year. i'm so excited to see it it's just sold out >> it's done phenomenally well for a musical about the u.s. treasury secretary, you wouldn't expect it to do so well. >> it's an extraordinary story the story of how it came about, the story of alexander hamilton himself. lin-manuel miranda is the creator of it. he was inspired by a book he read about hamilton. being an immigrant, coming to america, and lin-manuel's father

came from puerto rico. he was a season of immigrants himself. >> so he saw a lot of parallels. >> exactly and broadway -- last night it premiered, but it has taken broadway by storm. it's set to do the same here when i sat down with him yesterday before the big gala premiere last night, i asked him if he could ever have imagined that it would be this successful this is what he had to say >> i hoped we'd be a hit with school groups. i'd hope we would cover a semester of a.p. u.s. history in two hours and has minu45 minutes that's the most i was hoping for. when you write a show, you have to be in love with the idea. you can't think about the financial anything, because nine out of ten times, nothing will happen it will come, fret and strut its hour upon the stage and go you can't control the success or

failure of a thing i was in love with the idea. hamilton wouldn't leave me alone. when i was walking my dog, taking a shower, he was like write me i'm proud. i think he would be chuffed to use your word at all the attention and how long he wasn't in the spotlight i'm humbled by the reception and when i get tweets from teens who are like it's lafayette's birthday, why haven't you tweeted anything the awakening in our history that this has created in young people, it's overwhelming. >> how do you top the success of hamilton >> you don't even try. honestly the lessons from hamilton are take more vacations. i was on vacation when i read this book. and take your time it took me six years to write this thing i'm trying to keepthose lesson in my head i'm trying to get out of this

tops that. i think that way lies madness. i think a lot of artists have gone over the cliffs trying to top themselves i don't think that is the way to go i think the way is to zig and zag. you go in a different direction and you will make something else you will never see another american history musical from me i've done that i need a break before i can figure out what is next. >> what would you like the british audience to take away from it? >> i think what all the audiences we're seeing take away from it is i think the story of hamilto hamilton's life has a lot of lessons in it. one of them is your story will be told by those who survive you and you have no control over that you can only control what you do and what you put into the world. hamilton put a lot into the world in his short time. and he was outlived by his

enemies for a long time but also outlived by his wife who was, to me, the hero of the show she lived another 50 years after he passed away she leaves an incredible legacy of her own that's what moves people it's the notion of what do we do with the time we have on this planet >> very passionate young man so inspiring he's got so much confidence. he was at the white house in 20 2000, he was meant to sing a song from "in the heights" his hit at the time. he gets out there, and he does a rap, which was kind of a song from hamilton, in front of president obama and michelle >> takes guts. >> takes guts. from there, he got such reaction, that's how it was born >> it's a brilliant story, especially in an age where it is very competitive i was reading something that 2 out of 3 plays fail.

>> they do >> in that context, he has done phenomenally well. >> incredibly well >> tanya, thank you very much for joining us >> thank you coming up, is spain headed for another political crisis we'll head to barcelona after separatist parties regain control of catalonia's parliament

welcome to "street signs." i'm joumanna bercetche these are your headlines catalonia's three separatist parties win the majority of seats in the regional election, but there is another tense standoff with madrid the results send the ibex sharply lower, a former catalan leader carles puigdemont says it is a slap in the face for prime minister mariano rajoy. bitcoin briefly sinks below $13,000, taking it down 25% in the last 24 hours. and 128 nations vote against

the u.s. in the u.n. general assembly calling for washington to reverse its recognition of jerusalem as israel's capital, further infuriating the white house. >> the united states will remember this day in which it was singled out for attack in the general assembly for the very act of exercising our right as a sovereign nation. all right. it's the last day before christmas. let's see how markets are doing as we head into the u.s. session in a short while the picture for s&p, dow and nasdaq a bit firmer this morning. dow jones seen opening up about 22 points higher s&p down 3 points. yesterday's session saw new gains in all of those three indices with consumer discretion, materials and industrials seeing record closes let's look at european markets and see what the picture is like there. the number one story driving

everything this morning is the story in catalonia you can see ibex is back down % on the day it opened lower down to the tune of 1.5%, recovered a bit but still hovering down 1% switching to foreign exchange markets to see what the picture is like there, euro/dollar is coming off a bit as the market comes to grip with some political repercussions of what the catalan election means for spain and, of course, eurozone politics as a whole. euro/dollar down 0.2%, below the 119 mark, hanging in at 1.1850 cable still hanging in around that 1.3384 mark a massive blow has been dealt to

mariano rajoy, with counting almost complete, the unionist party is on course to gain the most seats, together with the separatists together for catalonia parlity l itparty led puigdemont willem is in barcelona i believe you have a guest with you, so take it away >> i'm joined by jordi sole, a member of the second largest separatist party you guys got 32 seats last night. your political allies, rivals, i'm not clear what stage they are at this point, the other party got 34 seats, combined total 66, with the c.u.p. with 4, would you accept carles puigdemont as a presidential candidate? we accept that they are the first pro independence party they got more seats, slightly more votes than us so we will accept that he

proposes himself as the next president. you think you would go for him will you back him as president we still have to think about that, discuss internally in the party. we must respect the results. the elections yesterday were to elect a new parliament we elected our representatives we have 70 pro independence parties here it's a majority. we retain absolute majority in our parliament this happens in the face of repression, this happens with candidates with our leaders in jail or in exile so i think --. let's talk about that. last time i was here, i was talking about oriol junqueras, he's in a prison in madrid what does that mean for your candidates and your lists? you need these people seated in the catalan assembly to have that governing majority.

if one is in prison, if mr. puigdemont is still in brussels worried about getting arrested when he moves back here, will you move lesser none people into those seats to get a majority? >> we want mr. puigdemont to be there, he deserves that. he's a good man. >> if madrid doesn't want that to happen, what will you do? >> they have to release him to take the seat and be there at least in the first session of the parliament then we'll see what happens. he has to be there he has been elected. he has not committed any crime in a normal democracy he should be sitting in the parliament >> during this campaign, the erc, your party, has taken a step back from the pro-inpre pro-independence approach they had. is that something that will continue will you guys focus more on governing rather than pushing again for that independence?

>> we have never been aggressive >> not in a physical sense, but pushing for that as a -- >> in a political sense we wanted people to vote, to decide about our future we still believe the best future for catalonia is under the frm of an independent republic >> will that be a priority >> this is our commitment. we have to take into account the country is divided on this issue. that no simple solutions are there. we have to negotiate, try to reach agreement, to reach consensus, but the fact that there are more votes and more seats in favor of the catalan republic this has to be taken into account by everyone by madrid, by those parties here in catalonia, which are for independence this is a reality.

it's called in after the disastrous events we have been seeing the last weeks or months. >> after that unilateral declaration from a couple months ago, mr. rajoy responded by invoking article 155 of the spanish constitution and essentially taking over direct control of this region he said this election was about returning to normality did you expect another unilateral declaration or are you ruling that out? >> these elections were called for by mr. rajoy to defeat the pro intendependence party, the wo was who was defeated is mr. rajoy. so he's the one that has to be think twice. he's the one who should be aware of the fact that repression is never the solution it's never an answer so, we have to look forward.

we have to go ahead with our will to become a real catalan republic maybe we have to, you know, rethink about timeline and maybe the strategy, but this keeps being our goal >> thank you very much for your time that was jordi sole, he's back here for christmas i will be heading out of here soon for my christmas. joumanna, the question is what does mr. rajoy do in response to this result. >> absolutely. thanks for bringing us the latest i want to bring this antonio in on this conversation let's take a step back it looks as though the unionist parties together garnered around 65 votes the secessionists garnered 64, then you have the c.u.p., the kingmaker party in this situation, very radical, garnering 4 points

whatever way you look at it, pro independence groups have won this election, haven't they? >> i think they managed not to lose this was a test in terms of whether they would be able to mobilize as many people as in the past that's because of everything that's happened. there was a certain sentiment of disappointment after independence was declared. and this has clearly proven that the pro independence movement is able to mobilize borders >> with the turnout so high, because there was some expectation that the turnout would be lower, it came out at at 80%, the last election was 75%. how do you see this playing out from here in terms of coalition building >> i think it will be complicated. a number of things need to be resolved at the moment mr. carles puigdemont comes back to spanish territory, he will be arrested

also that creates an issue in terms of cutting a deal with c.u.p. and the erc i think that both erc and c.u.p. will be able to support puigdemont i'm not sure they will be able to support anyone else from puigdemont's party that's an issue. it's a protracted government negotiations, it will not be easy assuming they do get their act together and form a coalition, they will necessarily then have to hold an independent referendum again, is that where it will lead to? >> that's the other issue. for example, i think another referendum that they will continue to push for as one of the main things they can agree on, but they have already tried that it's unlikely they will continue to push for referendum let me also say it's clear they were able to maintain the majority, at the same time there was a huge increase in turnout and the big story of the night, you had one party that had four deputies seven years ago and now

has 37 with the ciudadanos so you have a lot of mobilization, we feel the alleged political prisoners and oppression, but they're still at the exact same level as two years ago. so with everything that happened, you have a polarized society and we're at the same moment as two years ago. >> the gamble that mr. rajoy took really didn't pay off, because the intention there was for the prosepara separatist pao lose, and that didn't happen, and his own party lost a couple of seats what are rajoy's options from here how do you expect him to deal with this situation? >> i don't expect him to do anything the fact that he has three seats in catalonia, that doesn't mean he still doesn't have the support. he has the majority support in spain and he has the support of

the ciudadanos party in spain to oppose any referendum in catalonia. i don't think he will make a move >> do you think the end game here is one of constitutional reform will we go down the route of an illegal independence referendum again? >> i think at some point, you need constitutional reform that involves not only catalonia, but the rest of the regions to be honest i'm skeptical if that can happen under the current term of mariano rajoy. i think you need election for reform to take place >> antonio, thank you very much for joining us now, the united nations has overwhelmingly voted to reject donald trump's recognition of jerusalem as israel's capital. 128yies voted in favor of a resolution for the u.s. to

reverse the decision nikki haley said they would be taking names of countries who oppose the move. andrea mitchell has the latest >> reporter: tonight the u.s. firing back after the u.n. vote. as the u.n.'s largest single donor, threatening to withhold potentially the $3.3 billion it provides u.n. activities each year. >> this vote will make a difference on how americans look at the u.n. and on how we look at countries who disrespect us in the u.n and this vote will be remembered >> reporter: the warning after the united nations overwhelmingly condemning the u.s. for recognizing jerusalem as israel's capital. the only country planning to move its embassy there countries cheering the final tally, 128-9, including major american allies britain, france, germany and japan. all opposing the u.s 35 countries, including canada, abstaining, but still against the white house decision the president warning yesterday he's keeping score.

>> we're watching those votes. let them vote against us we'll save a lot we don't care. >> haley herself sending a letter to diplomats that the president and the u.s. take this vote personally. raising eyebrows by tweeting, the u.s. will be taking names. protests throughout the muslim world ripping the president's decision, fearing it could end hopes for peace talks despite u.s. denials already palestinian leaders telling vice president pence he is not welcome in bethlehem for planned meetings >> threatening to withdraw american support from countries who voted against us, threatening to take names, it makes us appear as a bully >> that was andrea mitchell. e-mail the show. we've discussed a lot of things today, everything from spain to hamilton to the television industry we want to hear your views the address is streetsignseurope@cnbc.com follow us on twitter, streetsignseurope@cnbc

coming up, santa claus is coming to town so are a whole lot of shoppers. we'll discuss all things retail as the christmas shopping countdown begins happy anniversary dinnedarlin'

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the final countdown for christmas shopping has begun with christmas falling on a monday, consumers are losing out on a day for gifts to be delivered on time. courtney reagan reports on the last-minute buying online and in stores. >> reporter: the national retail federation says 60% of americans are done with holiday shopping so 4 in 10 are not if you're one of them, you're running out of options for delivery in time for christmas ground or even expeditexpedited. don't worry there are options for you. i'm here at amazon's prime now hub in new york city so employees here are actually pulling orders from the shelves and they'll be out for delivery in one to two hours. in new york city that's done by foot, by train or by bike.

it's available to you if you live in 30 or more pretty densely populated cities in the united states. there's more than 25,000 or so household items in a prime now hub. based on research, the top categories are grocery, household goods, personal essentials to maybe not your top gifting categories, but there are some gifts here google express also delivers same day or next day that's free. you don't need a membership as long as you hit that men mum threshold for retailers. also not all retailers are available in all cities. that's an option you have other retailers that use stores and startups to deliver you goods from locations. so best buy in 40 cities, it will cost you 6 bucks to get deliveries from stores, macy's in 33 cities, from $8 to $19 depending on the size of the

order, kohl's is $9 to $15 what happens with amazon prime now when you get closer to christmas? this on-demand, one and two hour slice intelligence did a scan of millions of e-mail reseceiptrec, they found prime now orders are up 1% to 2% from last year if you look at data from last year, on december 23rd you saw a spike. orders grew 3.2% back over to you >> last-minute shopping, i'm guilty of that one matches fashion says onlean ordering is doubling from last year i was reading in your stats, almost 48% of sales are done via mobile now that seems like a high number. do you think we're getting to the point where mobile sales are beginning to peak?

>> it's just unbelievable when you think of it. the luxury industry has shifted to digital opportunity we can see it with mobile. the luxury customer has an average of three mobile devices, from ipad to smartphones they have two smartphones. so they travel the world they need to be connected. that's why mobile is doing well? >> do you think the number will continue to grow >> i think it will grow dramatically it's close to 50% for us in the next few years, about 60%. >> how have sales been going for this year? there's been a lot of focus on the health of the uk consumer. generally retail sales have not been that healthy. we did get a good number in november how has that translated into business when it comes to matches fashion? >> for us, matchesfashion.com, we're doing well we are growing fast. we take the opportunity of the

shift from the luxury space into digital. when you think about it, the luxury space was only on digital five years ago 2% was done on internet. now it's close to 8%, 9% it will be 20% in the next three, four years. >> as more people assess the opportunity, there's more competition in that space. you see that with other companies partnering up. another stat that is interesting, you say the average amount of money spent was 500 pounds or so per purchase on the website. there can only be a certain number of people who can afford to spend that much, therefore you're targeting the same customer space how do you differentiate yourself >> at matches fashion, we are known for or strong fashion point of view. we have about 450 designers. every season we introduce 30 to 40 new designers we work with emerging designers.

we created a program called the innovators, a platform for new, young designers who don't have the means to have a broad production we help them get out to the world. i think we're known for being super, super creative. but from the product side and from the content side. half of our website is content where we play our card is really being a platform where we inspire people every second of the day by introducing new brands, new designers. if you look at a crossover with some of the competitors out there, it's only 15% we have an offer that's different. >> talk to me about the 90-minute delivery service how did you come up with the idea of introducing that it's a big bet with the london traffic. >> sometimes when you think you can beat them, you are pleased that's what it is when it comes to delivery. we offer 90-minute delivery on all of our products for london

90 minutes delivery on the 24th at 5:00 p.m. this is what customers want. they want convenience and the ability to have an experience which is as close to physical experience 90 minutes enables this what are the best selling items into christmas? >> it's interesting. bags and shoes, accessories are doing well also from a luxury set, heels are a best seller. literally digital has embraced luxury and vice versa. >> brilliant hopefully i'll be getting one of those this christmas before we head out, the last trading day before christmas, let's look at u.s. futures seen opening up higher across all three indices. s&p 500 up 3 points. dow jones up 21 points

it's that time of year again, that holiday feeling for markets. the lse closes early today and reopens on wednesday euronext will have a normal trading day. that's all for me from today have a very merry christmas, thanks for watching the show and staying with us. "street signs" will be back next wednesday, wednesday to friday join willem and i from 8:00 in the morning until 10:00 in the morning. i'm joumanna bercetche, "worldwide exchange" is up next. have a wonderful christmas cannot live without it.

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crisis averted lawmakers strike a last-minute deal to avoid a government shutdown full market reaction straight ahead. stepping down, alphabet's eric schmidt is leaving his role and bitcoin's big drop the cryptocurrency losing a quarter of its value overnight we'll tell you what's behind the major selloff. it's friday, november 22, 2017, the last friday before christmas, "worldwide exchange" begins right now