>> announcer: thighis "y business report" with bill griffeth and s bounceback, stocks rise to start the ek, but there are a few key things that will drive the market through the rest of the year end. the road ahead. general motors is closing plants and laying off thousands in ties where the auto maker has deep roots as it looks to a very different future. every dollar counts. there's a new front in battle among the retailers and at the center isour smartphone. those stories and more tonight on "nightly business report" for monday, november 26t we bid you a good evening, everyone. not bad for a monday. stocks rose sharply at the opening bell and never looked back. tech led the way and so did

retailers is one of the most important days of the year for that sect. it w all a very much needed pause from the recent turbulence. today the dow advanced 3 points to 24,640, snapping it's like latest four-day losing streak. the nasdaq was up 142. the s&p added 40 points today. why the rebound and w today? bob has answers. >> the market put in a ral and for several good reasons. the s&p with more than 10% off its recent highs, but the damage was more in oil services, banks and retailers. lot of bad news. since no one is expecting an imminent recession, there are two two events. rst, j pal is speaking at the new york economic club wednesday

afternoon. mare hopeful with the decline in the marketsur as wel asil surrounding china tariffs and slower global growth issues,in they're h pal may sounds l aggressive in 2019. that may be a lot of wish flgful thinking. the t g front run the meeting in early december by changing its position. he may touch on a slower growing onomy, maybe, but the message is unlikely to signal aossible cooling in the fed's desire to continue to lift rates. following this meeting betweene prestrump and xi jinping in buenos aires later this week, traders are hopeful that just an announcement of a cease fire, just a vague statement that no new tariffs will be imemented. the barrier is not very high.

>> traders not be so hopeful after a late report from "the wall street journal" that president trump still expects te move with an increase on tariffs on chinese that increase is set to go into effect in january. the president also spoke about the possibility of tiariffs on apple products and that sent that stockn lower initial hours of trading tonight. trade is just one of the things that could drive the market between now and year's end. joining us is lamarvillery. good to see you zen thank you. >> we mentionedt a little about trade, especially with the president's commentsate this afternoon. you're also watching central bank activity as we go into the end of the year. why? >> i think that's going to beth sog on the top of investors' minds, what's going to happetr at the c bank.

the consensus is that the rates are going to move upward. we tend to agree with that. but any -- as bob mentioned rlier, any change to that could really move the market. >> bob also mentionedpr the ident is saying that he's still thinking he'soing to impose these 25% tariffs on those chinese goods 1st.january if that doesn't happen, bob says wall street will vie that as a victory. will you see rallies? >> yeah, if there's temperance in the tension in the trade war, you would see a nic move upward. unfortunately we eected tha before the midterms. we didn't see it. seems though trump may be pushing it out to a presidential election issue. so he has a little more time. >> what type of consumer data are you looking at and why is that important? >> sure. you guys referenced earlier some

of the data we saw, 20% increases and black friday sales as well as and people thinking you're going to see more monday.es here on cyber unfortunately what we like to look at isny com earnings and there are no earnings. earning season is over. so far it's been positive and that's a big part of the why y saw the big move up today. >> fed rate increase, that's already in the market. taris is already in the market. hat could happen that the market's not anticipating right hinking aboutre >> continued strength in the consumer. the almost nice thing is the expectation is that interest rates are going to go up. that's bad. the expectation is that the trade war is going to contivee and exacerbate. that's bad. so if the expectation is for mething bad, anything in the opposite direction will be viewed as a positive.

so i think right now investors are pretty spook or resigned i guess to bad news. that's what we like to see because that gives you more opportunity to be surprisingly. >> thank you. big changes are coming to general motors. the auto maker today said it plans to cut abo 15,000 jobs in north america as it shutters factories. the stock was up as much as 7.5% and closed up 4.5%. why gm is ending production. >> it's the news they've been fearing for months, the local gm plant will effectively shut down early next year. >> i felt like somebody kicked me in the stomach.

i've been working here for a long time. >> reporter: it's equally painful. >> nobody told us anything. there's people in there balling their eyes out. >> i've ner seen anythin like it and we stopped the line and we're leaving. >> h ort is pumping o my chest right now, but i've been here 13 years, you got to take a stand at some point. >> the three gm plantsio in detroit, and oswa, ontario, or thosers have been building models like the chevy cruise and i am be models that haven't been lling. >> there just isn't a market for it. if you look across thboard at ford, chrysler, general motors,

people just aren't buying the cars. >> reporter: gm ceo says the cuts will keep her company lean and agile and also help the company's bottom line. but it doesn't sit well with president trump who has repeatedly promised to protect and add manufacturing jobs in states like ohio. >> i was very tough. i spoke withhe her when d they were closing, and i said, you know, this country's done a lot for general motote. your get back in there ndon. that's ohioou better get back in there soon. >> for now gil says it no plans to add new models to the plants it is shutering, leaving northeast ohio and southeast michigan wondering how they will replace thousands of high-paying manufacturing isjobs. s the largest restructuring at general motors since it went bankrupt almost a decade ago in the midst of a recessio this time around the company is near record profits and the economy is running s

it's being reported the gm ceo had a meetinge at white house this afternoon with the president's national economic council director, larry kudlow to discuss the company's announcement. gm's announcement highlights dramatic transformation under way in the auto motive industry. joining us is analyst at kelley blue book. welcome back. >> great to be on with you. >> this isn't as much a downsizing as it is a shift in strategy. mary was quick to point outhey aren't just laying people off, but they're looking for people with different skills l they'rking for a very different kind of auto maker in the ture, aren't they? are.ey really if you wanted to describe this shift as one of a move more toward a silicon valley type of mind-set and business model, i think that's an accate way t

perceive it and i think they're going to be looking for a lot of those silar skillets that you see with a high value in >>licon valley. in other words, sisterhocenter around technology. the cars today are more sophisticated than lfore. they'rking at a big technological shift.ye >> , that's exactly right. they're looking to, you know, make the company future-proofed and prepare for these massive changes we see coming. there's just no getting away from the shift that's going t happen in the auto industry over the next five to ten eyears, m change than we've seen in the past 100. and i think mary bear has a greatandle on that and is trying to prepare the company for it. >> so it's morect enic cars, more hybrids, autonomous cars they're working on. does it mean a smaller company? politicians are going to be ver unhappy to hear they're going to have to make do with fewer

workers. is that whate're looking at herewe a? >> it might end up being a total smaller workforce. it might be. but i don't think it'sy substantiadifferent. i don't think the size is the shift as much as what you already talked about. it's t natur of the business and the nature of the human resources that drive that business. i think that's a much bigger shift. the size may or may not shift, t probably shouldn't be ultimately that much smaller. >> going to be interesting to watch this happen. carl brow, thank you for joining us tonight. >> thank you. carlos ghosn is out at chairman of mitsubishi a week h aftewas arrested for financial misconduct. ghosn has not been charged with any crime, but is being questioned b japanese regularities who says he underreportedisncome over several years. investors were also watching the situation at the u.s./mexico

border where violent clashes took place over the weekend. today president trump pushed congress to fund his proposed border wall ine a tweet threatened to close that border vowedently and previously to veto any bill if it didn't include border wall funding. they have 11 days to pass sp ading bills andid a partial government shutdown. time to take a look at some of today's upgrades and downgrades. no very advertise was upgraded. the analyst calls the stock his best idea for 2019, citing new drugs ithe company's management. the price target is $100. the stock was up 1% to $89 even. eli lilly was downgraded to neutral from buy over at city. the price target is $115. the shares fell to 138.

still ahead, breaking records. >> cyber monday at an east coast fulfillment center for amazon, and the real question here, can amazon break its own cyber monday record? i'm con tessa brewer. that story coming up on "nightly business rep a case involving apple mad its way to the supreme court today. at issue is the 30% commission that apple tak on its app store sales. the iphone users in the action suit claim that it is akin to monopolistic price uging where the consumers can only buy apps through apple's app store. a ruling isec ed in june.

cyber summonmonday iste exp be big, some estimates is it is on track to break records. it's no secre i amazona dominant force but it's also facing a lot morompetition. contessa brewer is at a fulfillment center inew jersey today. >> this is one of 110 bus fulfillment centers for amazon across the united states. the online retail giant is trying to get customers to shop more, to spend more, and to return more often. >> i'm a big amazon shopper. >> i do most my shopping on amazon. >> amazon polling out all the stops trying to break i own cyber monday record. last year's was the company's biggest day ever, selling about 3.5 million items per hour. >> we expect it will be even bigger. we're offering bigger selection and bigger discounts than ever before. we're offering free shipping not

just for our prime members. >> the forecast i a 20% in jump overall this year. black friday, famous for its brick and mortar deals, broke online shopping records up nearly 24% over last year according to adobe. >> cyber monday is becching so more important because online sales are up high 20s. that's where the growth is. that's where the business is to be won. >> amazon competitors intent on stealing market share with more people shopping online. big retailers are generally offering free shipping. but mostith strings attached. amazon's free for all will cottage with a cost. last quarter aman said it spent $6.6 billion on shipping, nearly double its operating income. but clearly something about its strategy is working. >> i'm buying things that i never bought before. >>eporter: amazon's on tech

toys are among the biggest sellers today. no surprise, ty're deemly discounted. an echo dot costs less than half its roger pricinor price. not everyone is convinced. >> i like to go into the stores and look and feel and buy the clothes that way. >> reporter: the convenience is the key. amazon thinks it can offer increasing convenience and grow its profit margin by owning more of the distribution chain, hiring its own deliveryte . today as the orders come flying in, for robots and humans alike, it's just another manic sibe monday. in robinsonville, new jersey, ontessa brewer, "nightly business report. >> it was days ago amazon hit with a major data breach which caused customer -mmes andl addresses to be disclosed on its

website. amazon says the issue has been fixed. not only are ses moving online, they're moving to your smartphone as well. obe reported this morning that on black friday alone $2 billion in sales were made on smartphones. is this the next front that retailers need to focus on? join us tonight is the editor and chief. this is really becoming a big deal now starting this year, right? >> it's definitely becoming a big deal. a lot more people have smartphones. most people in the united states have a phone, have a atartphone. doesn't even include tablets. there's a lot of couch surfing that's going on, and i was watching the news. it was cold on the east coast. california was lovely. but i heard i pretty cold. so i imagine a lot of people wanted to get the best deal they could and if they could do it from theirhone, why not? >> it's also faster in many

cases, just the search function and the ability to get those e-mail shes or text pushes, it makes it much more compelling than it used to be. >> absolutely. one of the advantages that amazon has had has had for a long time is one-click shopping. you set up your account, order what you want and buy it with ac now that we have mobile payment systems like apple pay andpa er, you can do that one click shopping ence at a lot of retailers. it's definitely getting easier to find things, e-mail alerts send at you deals. just click on it and you buy. cyber monday is a big deal because a lot of us are back to work and we're using the wi-fin ork that's super fast. no waiting. there's thatld line about instant gratification, the problem is it takes so .lo if it's on a fast network, it's a lot smoothno. >> is noth for a retailer to have a website, you have to have a mobile app as well, and

the technologyo handle mobile technology. who's doing the best job? >> we can look at who's gaining new apps, downlo and there have been a couple reports out in just over the past few days. yas would expect, amazon, walmart, best buy, a lot of interest in electronics and toys and games. they have very well-designed apps that make it easy to find their products. i was really interested to see that goat, which is an online marketplace for sneakers, is one of td most d apps over this weekend. so people are finding the brands that matter to them, the categories of goods they care about. even though we call it holiday shopping, i would venture to guess a lot of the shopping was person. people railroad juwere just loo good deals. campbell soup reaches a

truce with an activist intestor. months of public fighting, dan low's third point will addo ominees to campbell's board. art of the deal campbell will expand is size of the board and third point will have update on campbell's ceo search. third point pushed for an outright sale of the company initially. shares fell to. 39. newer brands has a new cfo. lans topany also has sell eight businesses to pay down debt. investors cheered that movese ing the shares up 8% to $23.52. casino companies el dorado resorts and the stars group have entered a into online betting agreement that allows the stars group to own and opete online games in the 13 states in which

they currently operates. shares of el dorado resorts popped up to $39.38. cbsnd etna have received the final state approval they need to complete their $69 million emerge. new york's department o financial services today gave the okay to that acquisition. the deaould close as soon as this wednesday. cvs shares rose to$77.84. aetna climbed 2% to $210.10. coming up, the way we watch sports may but only if the companies can ge.

at&t, comcast, charter skmoouksz dish network are among the cable and satellite providers giving runng to those who paid $19.29,000 watch friday's golf match between tiger woods and phil mickelson. the much-hyped game was mard by glitches during at&t's live stream. t&t had hoped to use the webcast to showcase its reach following the time warner acquisition. julia boorstin is covering this storya. from julia, what does this mean for at&t ultimately? >> certainly not good for at&t, sue, especially because at&t spent months promoting this and &t ceo randall stevensson said this would be a key to strengthen their acquisition of time warner.es the l of sports content like this highlnticipated match and the ability to go direct to consumer. at&t missed this opportunity to show that value and they could

be up millions of dollars. >> you had a glitch this time, future? about the isn't this an opportunity for media companies, not just at&t, but others who were participating to use an event like this, a pay per view toechbt fievent to view events? >> so many consumers are now cutting the cord andg watch content through streaming services. if you want to be able to make a lot of money off an event like this, to be able to go direct to nsumer will be key, but this is not the first time there have been failures with events like this,o they have though make sure to get this right the next time around. >> julia boorstin in los finally tonight, space exploration just took another step forward. nasa's insight spacecraft landed on mars today after seven months

of traveling. it marks the eight time nasa has successfully landed a robot on e red plant. this is the united states' first attempt since 2012. over the next two years it will dig deep into the interior. that does it for ust. toni i'm sue herera, thanks for joining us. we want to remind you this is the time of yea your public televisionti s seeks your support. support.m bill by we thank you .ave a great evening, everybody.

>> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> wow, that is unbelievable. ♪ >> i'm flying! ♪ >> stay curious.