ep businesst" with sue herera and billriffeth. high stakes summit. world leaders arrive at the g20 meeting. and while trade is top of mind. oil could throw investors a curve ball. >> pay gap. a new study shows the amount women earned compared to men is a lot lower than previously thought. say chees wh delta wants your face to be your passport whena boarding flight. those stories andor much me tonight on "nightly business report" for this thursday, november 29th. and good evening, everybody. and well. the wrl's leader are gathers tonight in buenos aires for the g20 summit. the stakes are high, both economically and geopolitically.

president trump and china's resident are expected to meet discussing issues contributed to big market swings and left investors hanging in the balance. that issue is trade.o many wante tensions eased between the two largest economies. but as eamon javers reports, there is a lot of uncertainty surrounding the talks. >> reporter: as the cit of buenos aires prepared for the first 6 g20 economic summit, prident trump andis top trade northbounder raised the prospect of new global tariffs rather than scalingk the duties in place as many investors hoped. president trump tweeted about the prospects of raisingariffs on upen cars. the president has great power on this issue because of the gm event it's studied now,pr the ident wrote and the top trade negotiator issued a statemt saying the united chates would consider new tariffs on a, saying the chinese side has not come to the table with meaningful concessions.

at the president's direction i'll examine all available tools to equalize the tariffs applied to automobiles, wrote robert to add to uncertainty trump told reporters he was still unsure about a trade deal with the chinese. >> ihink we are close to doing something with china. but i don't know that i want to do it. because what we have right now is billions and billions of dollars coming into the i unite stat the form of tariffs or taxes. so i really don'tnow. butly tell you that i think china wan toake a deal. i'm open to making a deal. but frankly i like the deal we have right now. >> all that against a back drop of scandal back home as the r lawyert's for michael cohen pleaded guilty to lying to congress about his invotiement in negotias with the russians over asi pose trump real estate project in moscow during the 2016 campaign. e president responded angrily to that news deport rg departing for analytic saying his confidante was lying. wi all the uncertainty in the

air many experts in washington concluded the best psible outcome for this g20 summit is simply a trade truce in which both the united states and china agre to stop raising trafrs on each other and hammer out the details of a trade deal in the coming months. ness report" bu eamon javers in buenos aires, argentina. while the world focuses on trade oil policy di likely to be ussed at the g20. since some of the most influential players in the crud market w in attendance. they have been faced with an oil price collapse that has pushed u.s. crude down below $50 a barrel. joining gus thebal head of commodity strategy at rbc capital market od to see you. >> thank you for having me. >> in the past when prices go down as much as they have in ton couples it's a case of opec cutting production to try and shore but it won't be that easy, will

it. >> cerinly we are looking at an opec production cut next week. the's the expectation when producer organization meets thursday. but there is concern that esident trump's relationship with saudi arabia and the fact that president trump keeps calling on saudis to keep the taps open may mean at the last minute they decid to follow trump instead of pulling the barrels from the market. we have to wait and see what happens. and we are likely to get from the g20 because we are russia and saudi meeting on the sidelines of the g20 and discussing the production cut owdeal. >> ando you think that works out? because it seems if you put the trump administration's relationship with saudi arabia aside for a moment it really comes down to, russia and saudi arabia. >> it absolutely comes down to these two countries. they were t two that decided in june to basically put a ldd ofional barrels on the market. we have seen in resueant supply from saudi arabia and

russia since the june opec meeting. this was done ahead of the iran sanctions. there was a eectation of being tough on iran. some say now that the saudis in particule surprised by the fact that the trump administration ge eight waivers to allow countries to import iranian crude there is now a question whether saudi arabia essentially oversupplied the market at the request ofnd trump now has to roll that back. >> and of course in has anpa on u.s. oil producers as well. even though the president would like to see prices go lower, right? >> this is the interest mp tradiction of the t policy. because on the one hand he wants prices lower. he keeps saying saudi arabia, keep the taps ope push prices down. he sees in as a tax benefit, a orx cut u.s. consumers essentially. but on the other hand, if prices fall below $50 that's going to hurt the u.s. shaledu ry. and a number of of u.s. shale

producers are big supporterses ent trump. that's the quandary. how do you help the consumer while at the same time supporting a very important industry inni thed states? >> indeed, something we will watch carefully as you said over the next c days. thanks for joining us tonight. >> thank you. on wall street, stocks took a breather after yesterday's sharp rally as investors watched and waited for the g20 summit to take place. now, they also digested the minutes of the last fedmeeting, which we'll have more on in a minute. by the close, the dow jones industrial ample fellnt 27 p to 25338, snapping the throe-day win.n the nasdaq d 1 and the s&p 500 declined by nearly s. and a number of economic reports out today giving investors a h better sense the economy is doing. first consumer spending came in better than expected. purchases rose by 0.6% in october giving t biggest part of the economy a solid start to the quarter. it was a diffent story for

pending home sales. contract signings to purch previously owned homes unexpectedly fell by 2.5% to a 4-year low providing more evidence that the housing market is starting to struggle. irchlt and on the labor front, first time unemployment claims rose by 10,000 last week to a 6-month high. that could raise concerns the labor markethile still historically tight may be starting to soften. >> and now knows minutes from the federal reserve's last policy meeting, giving investors more insight into the central bank's thinking on the economy and the path of interest rate increases. eve liesman in washington tonit. >> dpiet being overshadowed by the minutes they included clues dout theection of the interest rate policy. whil fed officials were upbeat on the economy and the outlook, the minutes show more concern about downside risk nanle rev when the statement came out in

november. officials worried about tighter financial conditions, that is both a rise in interest rates and the decne in stock prices. they worried about the slowdown in global economies and then slowdown sectors like housing and autos in the u.s. most sensitive to interest rates. while the minutes back uphe idea that the fed will likely race rates by one morinquarter poinecember they raise qu mtions about howuch hiking 2019.ill do in at least a couple members of the fed's open market committee said the fed was at or into near neutral interest rates. that would neither speed u or slow down the economy. there appeared to be agreement that future policy statements would drop the phrase saying further gradual increases in rates are needed. instead they emphasized the increases depend on the data and the outlook. the sigficance of this is to show that the powell's dovis outlook which sent stock surges ha support. what it means, a rate hike is come in december but little is certain after that. for nightly business report,st m

e liesman in washington. time to look at some of today's upgrades and downgrades. we begin with mcdonald's which was upgraded to overweight from equaor weight atn stanley. the analyst citing the modernization efforts and margin expansion. ice target now $210. the stock rose in trading to $189.26. fellow dow component boeing is cowens pick for 2019. the airplane maker in i say is in a production sweet spot right now. price targe$$445. the rating remains a buy. the stock rose more th 2.5% to $342.56. ss american expas downgraded to neutral from buy buckingham. the analyst cite as blurry macrooutlook along with valuation. the price target is $112. shares of the dow component fell 1% to 11.31. enchts apple price target cut to

225 from $250. the analyst cites smartphone demand soft and disaping iphone xr sales. the shares tell i tding to the $179.5 a. still ahead, how dhl is speeding up delivime with fewer workers. >> germanolice raided deutsche bank offices today as part of a money laundering probe. two bank kbeets are suspected of

helping clients set up offshore business foss launder money. the officials seized documen having to do with the so-called panapapers, a leak of millions of files detailing offshore accounts. shares of deutsche bank fell more than 4% today. >> the german firm bear plans to cut000 jobs as part of corporate overhaul following the acquisitn of month santo. the company says a significant number of cuts comerom the german operations. they are consider selling assets, includingcr the sunn business, copper tone and the foot wear brand dr. s bals. bear hasn dealing with the fallout from a trial involving the roundup weed killer >> meanwhile another company can't find enough workers. so many jobs were going unfilled, shipping company dhl invested in a facility needing fewer employees and it's speeding up delivery times. frank holland has the story for

us from new jersey tonight. >> reporter: these parcels and pack analysis are part of the booming ecommerce market. but just as thepo online unities are growing, the labor force to process all the orders is shrinking. in response dhl built the new $20 million automated facility in northern new jersey. >> the expectations around ecommerce changed dramatically the last couple years. it's a tighter labor market now. wage are going up and we needed to find a way to adjust to that in thee. marketpl >> lee sprat, ceo of dhl ecommerce says the 190,000 square foot site is onee of thre in the u.s. that can process 60% more than thecompany's non-automated cites sites they say it allows them to move more packages with less mistakes. everys day 40,000 pact ajs like this are shipped out they

average about three pounds and mthe majority f mid-size online only retailers. business efit of our niche g somewhat of a player is we are fast and flexible. >> speed is important as wcustomers wantt they bought faster and faster. dhl takes orders like these and ships directly to the closest post office. the local mailman handles the last mile ofdelivery. right now the post office ups and fedex control about 95% of the ecoerce homey deliver market. >> we really don't tri and compete with them in their segments. miat we are good at is providing a cusd solution to the the mid-tier merchant. >> nightly business report in new jersey. aber krofrp and fitch forecasts a jolly holiday quarter. the retailer reported profit that more than doubled in the recent quarter. it alsotr postedger than expected sales growth and reduce

the number of stores is plans to close. e company says sales in the current quarter will be better than expected. that sent the stock up more than 20% $20.70. dollar tree said tariffs will have a minimal impact on its operations this year. and that alleviated some concerns and overshadowed thesu rise drop in same store sales at the family dollar unit. the stock gained 6% to 88.43. express cut the profit and earnings guidance for the year. at retail crediting discounts and slower than expected foot traffic. they forecasted on those instead of expected earnings, sending the stock lower. i yeti's first earning report as a public company it beat profit estimates and tlook.ed the upbeat however sales numbers were shy of expectations due to weaknessy

in lux cooler business. and the stock cooled off falling 16% to $16.10. meanwhile unilever ceo is retiring after a decadet the company. paul pullman angered shareholders earlier with a pton move the headquarters to the netherlands he later abandoned that proposal. he will be replaced by the head of the beauty unit. the stock fell a fraction to $54.52. and jack in the box is exploring a sale of the com tny. accordin reuters the hamburger chain is it looking at all options afterd vein the mexico restaurants this year. potential buyersnclude private equity firms. shares rose 6% on the spandex to 88.54. and game stop slashed the full yearfi p outlook despite strong sales cybermonday. they cited weakness in sales of certain titles and less demand for pro owned games.

the 29.5% decline was ewtended. >> a study from the institute for women as policy research says women earnedups 49 cents for a dollar paid to a man over the same period. and a big difference from the census data of 80 cents on the dollar. welcome, heidi nice to have you >> thank you. >> the difference seems to be in the metric the census bureau hao a term metric of one year. your study took a career long outlook that dramatically change results. tell me about . >> that's right. we feel when you look at only easure forhat's a women and men who both work full-time year-round. and not very many women d that. about a quarter of women do that over a 15-year pe and only about 3/4s of men. it still you get more men in that equation you are looking

at full-time year-round. so looking at it at 15 years from the point of view of the woman y say gee what am i earning, taking out of the labor market and bringing home to support myself and my family? we kind of call it in the report the bringing home the bacon wage gap. >> right. now is this a gender discriminaon problem or is it a policy problem? for example, you know if i want to take time off it will seem a little unusual where it's not r women and when women come back they often make less money after they've been off for a while, maybe if i felt like i can come back to the samealy men might want to do the same thing. s that part of the problem as well, do you think? yes, absolutely. one of the things we have found is thatoth men and women suffer if they take any time out of t labor market. and in this country we have verp fewrts for men and women if they want to spend time in

education, financial supports child care supports with elder care supports if they want to e spend time ication or doing family care, taking time out of the lor market they don't have a job to go back always. and certainly not the same rate other countries we compete with at our level of awelt, th providing families and workers with these supports. so we do feel that's a lot of it. one thing we could do is change the public policy, make it more possible for menen and w to take time out of the labor market, to provide the family care have a job to go back to and have some income while out of the labor market. that what our competitors do. >> the results are so dramatically different tha the census bureau study that comes does it change the conversation do you think because of theif dramaticrence in wages earned over your long period of time versus the census bureau? do you think it starts theer cotion in a different place? >> i think it does.

it cerinly is getting a lot of attention. andom that'shat surprising me. but 50% is a low number, to see the wage gap is 51% and women only making 49% that's a big number and that gets people's attention. i think it points t what the feminist economists call provisioning. what is the purpose of the economy? is it to make arofit? t necessarily. it's to make sure that everyone survives, that they all have a way to provide for themselves and families. and if you look at it that way,h , yes, this is what men and women are able to take out of the labor market to support themselves. and why is that? it's a structural problem. yes. it's a common problem. but it's something that we control through public policy. you know, the idea that downgrade do kind of people who have taken time off, consider them maybe aldisl and even during the great recession when we had so much unemployment, alized that firms were using theseutomated

resume screening devices. >> yes. >>hat thr out anyone that had unemployment. that kind of unemployment when it's so high is not when you take time off to be with your baby, your parent to to schoolhat's not disloyalty. you are a productive worker. >> indeed. >> andou need some help staying productive and keeping yourself in the labor market. ee>> we will track of the conversation, heidi. thank you very much. heidi hartman with the institute for policy research. >> thank you. >> coming up. now boarding. why all you need to get on plane is your face. now that the cvs aetna merger closed, the cvs ceo plans

to change stores devoting more space to health care service likeon nutriounseling and blood draws. the idea is to offer more clinical services a lower price. he explained his vision during an spwouinterview with our ber coombs. >> you look at what is resident in the aetna business. they have tremendous information that is identifying the next be action for the members they serve to help them on the path toetter health. the system breaks down where how activate it it. >> now the cvsintore ande clinics will be where that happens. >> exactly. >> shares of cvs fell a fraction today in the trade. well imagine going through an airport on never having to takeut your ii or worry about carryinghe boarding pass. that's a reality for some passengers flying out of atlanta's hartsfield jackson airport. phil lebeau has more on the new

biometric terminal. >> smile, your face n is your ticket on the international flights out of atlanta.ns that m from baggage check in through security and onto the flight, many passengers never take out an id or look for a boarding pass. >> this is to be an entirely ometric concourse where customers through facial recognition will not need paper anymore starting in december, to travel, as well as on the return back internationally. >> how does it work? if you fly internationally you need a passport which means the photo is in the u.s. customs database but instead of showing the passport when you go through security or checking bags as they've done forrs y the biometric will know you are scheduled for a specific flight. when you stand in front of the camera facial recognition software will quickly verifyur identity which means going through an airport should be easier and faster for travelers. you will no longer have to spend

time looking for and showing the paperwork to s ticket andurity agents. >> if you can save a little bit of timp front and get people intohat queue faster, then hopefully this is making the aiort screening process that much more efficient. people ssnd a little bit l time waiting, a little bit less stressful. there is a little bit less frustration on the part ofav ers. >> other airlines are testing facial recognition system for boarng passenger and the private firm clear uses ometrics to identif travelers at many airports. it may not be long beforer showing you id and boarding pass will be a thing of the past. >> we love it. sinus up. we're first in line. >> i like beiquicker. there is always the invasion of privacy sort of thing that you think about. but safe and quick. >> adding biometric scr for domestic flights may take

longer since there is not a national database as there with international flights in the u.s. customs and border patrol. but make no mistake, biometric screening and boarding flights through biometrics is rapidly changing the way we travel. phil leau, "nightly business report," chicago. tonight.s it for us i'm sue herera. thank you for joining us. we want to remind you this is the time of year your public television station seeks your >> i'm bill griffeth. thank you so much for that report. have a great evening. see you tomorr.

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