this is "nightly business report" with bill griffeth and sue herera. trade hopes. optimism that the u.s. and china will find common ground. spread from the g20eeting in buenos aires all the way to wall street. >> hotel hack. as many as 500 million people had personal information exposed, ranking this among the biggest breaches ever. >> spending spree, why our market monitor is betting on a joly holiday season for the digital payment stocks.n those stories more tonight on nightly business report for friday, november 30th. >> we bid you good evening, everybod and welcome the startling headline we woke up tove involved the mas breech at a hotel chain that exposed dataf 500 million

people and we will have more on that story in a few minutes. but we begin with the stock market on the cautious optimism lifting share prices late in the daor there are r that the u.s. and china are inching towards some sort of deescalation of trade tensions. there is still a lot of steptism. the key meeting occurs tomorrow when president trump has dinner with president xi at the dinner in buenos aires. it was hope abo that meeting sending the dow to the highs for the dayt the close up 199 points, at 25538. the snchd up 22. theach it or not the majorde inxes finished in month with gains thanks to the huge rallies this week. but the same can't be saidor u.s. crude oil declining more than 20%. the worst month in a decade. while natural gas prices climbed more than 40%, its best month since 2009.

>> while trade w in focus at the g20, it wasn't all about remmendations with china. an important new deal was signed with canada and mexico. as eamon javers were other notable moments as well. >> reporter: the whil wind day of economic dloemcy in boons as leaders gathered for the high stakes negotiations and telling personal moments. mie day feature add bro hug of sorts between vla putin of russia and mohammad bin salman. at the signing of the n cada u.s. mexico trade dealanadian prime minister justin tdeau refused to hold up his copy of the agreement. in the announcement of the lay office of general morts president trump touted the benefits of auto workers. >> it will top jobs from going

overseas. >> but the canadian leader used the event to press trump on trafrs. >> the recent closures by generally motors attacking thousands of american and canadian workers and family are a heavy blow. and donald it's all m thee reason we need to keep working to remove the tariffs on steel and aminum between our countries. >> but friday was just a preamble for the main event, the dinner between president trump and xi jinping possibly to decide the course of the trade war between the two countries. >> we are working hard. if we can make a deal that would be good. they want to and we'd like to. but we will see. we'll meet with president xi in a little while. for theom most part trow would be the big meeting. >> bind the scenes officials cautioned that the president feels no urgency to cut a deal. he doesn't feel pressured to make a dea for the sake of a deal. he has more time a senioron administra official told me

friday. he has been getting news from the economy shows resilience. but one possible outcome was no formal dealnnncement but perhaps an agreement to continue talking maybe the united states molding off on t planned tariff increases on january the 1st. of course, everything is going to ce down to the two men at the dinner table on saturday night. avr nightly business report, eamons in argentina. in the meantime beige about aing has a trade strategy heading into the meeting between the u.s. and china. and our reporter has that part of the story from china. >> china doesn't want a trade war and putting on t game face. at the regular press briefing theoreign ministry they said they hope the u.s. will show the

willingness. the chinese media went a step further suggesting the trump did dmfrpgs give ther win take all strategy a day off. if anesthetic come one a framework or architecture including the issues they want addressed like forced technology transfers andes subsi to state own sbrpdss. the inclusion of the whitehouse trade adviser at the dinner between president trump anden pres xi isn't received well in beijing. chinese officials have had strong a reservationut navarro in the past andspre suicious that as a china hawk he is not interested in a trade deal as he is about containing china's rise. in the run up for the g china's business people who i've been speaking to sayhey are pe minsk about the prospect of a trade deal. many say they don't mcis willing to make the concessions to the industrial policies that the u.s. wants. one executive told me that winter is coming a that he is preparing for relationships to

turn even frostier. for "nightly business report," beijing. >> you might be wondering which companies have theost revenue exposure to china. accordin to a analyst the top three companies are manufacturing firm ao smith, fiber optic cable manufacturer amfal and semi conductor firm broadcom. >> now to the fed, which of course h been a big focus for investors this week. today another federal reserve official said that the central bank shouldot be raising interest rates right now when job creation ind strong inflation is under control. during an interview this morning, the president of the minneapolis fed made his case for pausing rate hikes. >> if the u.s. economy is creating 200 jobs a month month after month ware not at maximum employment that's leading me to take my policy. >> he added that hiking rates oo forcefully could trigger a recession.

>> with investors focused on the fed and on trade, many areur trying to f out what those two issues could mean for 2019. and earnings in particular. bob pisani is at the new york stock exchange tonight. >> reporter: the new year wl be here before we know it. and a good part of 2019 earnings expectations could depend on at ff deal between president trump and the chinese president xi jinping. with the highly anticipated frl reserve speeches out of the way. the g20 summit underway, the market can try to decipher the earning estimates. jay powell roved uncertainty about rate hikes but there is murkiness around several issues, tariffs higher business costs and global growth. protecting earnings in theext year is never easy but it's almost kbb for 2019. that's why if the markets have been so volatile. according to one estimate. s&arngs are expected to increase 8% next year compared with the 2 gains. but remember the 23% half was

due to the effect of tax cuts. morgan stanley a please optimistic they say corporate profits will only be up 4% next year. still the markets rallied this week with one less thing to worry about, an aggressive fed but worry base trafrs input costs slowing global growth. tar notow yet. it's hairy for the end of the year. but the clause rally could depend on tariffs. nny believe it's over 2019. the way to keep it going is for the fed to pause and then the president to make a deal on china. right now, let's say it's one down oh-on and one more to go. for nightly business report, bob pisani at the new york stock exchange. >> time toook at upgrades and downgrades. we begin withs goldman s which were downgraded from neutral to boy at bank of america mailer lynch, the the analyst citing concerns about the scannedland involving the malaysian governm

fund seeking a refund of fees it paid to goldman sachs for deals that raised billions o dollars that were later stoelten. the price target is $$225. the stock fell 2% to 190.69. under armour upgraded to market perform from underperform at wells fargo with the analyst saying after two years of choppy performance, the worst may now habe over for stock. and the price target is now $23. shares closed right around that level at $23.88 today. wwwe wasgraded to overweight from neutral at jp morgan. the firm cites t valuation after a 26% move lower from its peak. the provides target is $87. shares rose more than 2.5% to $73.96. starbucks price target wased rao $76 from $66 at jefferiys. the analyst cites the business in china. the firm maintai the buy rating. shares fell a fraction to finish at 66.72.

still ahead, after that massive data breech a marriott which industries are protected from a hack which remain most vulnerable? microsoft is the largestic pu traded company after battling with apple for the top spot all week, todaylo itd ahead of the smartphone giant an it stands microsoft has a market cap of v 851 billion.s apple's $847 billion. >> marriott disclosed what could be pun one of the largest data hacks in history. the world's largest hotel said fw 500 million guests may ase had information accesse part of a breech into the

various starwood properti. and that sent the stock down about 5.5% in today's trade. a adidi roy has details for us tonight. >> reporter: the breech is one of the largest in u.s. hndtory. behi the yahoo! attack which affected 3 billion users and bigger than the target hack which involved more than 100 million. it dates back four years and involves personal information,i incl passport numbers, names, addresses, and itinerary details. some also had cret card formation stolen. marriott says the hackers targeted the guest reservation database at starwood hotels including westin, sheraton, w hotels and the st. re g. s. at's not setting well with travel zbleers i typically bookh online or w an app. yeah the data breech concerns me because they have all my data p >>sport is more worrisome because if youet a passport number who knows where that goes. not sure what to dobo that.

>> in a statement marriott's president and ceo says we fell short of what our guests deserve and what we expect of ourselves. but some calg the tim curious. the unthorsoned access began in 20. marriott acquired starwood twoers yeerps later. cyber experts say the time line could indicate the perpetrators had access to more information nan the company realizes. >> it tells you you have a sophisticated actor here. >> while many analysts say the loce-term consequens of the breech are unclear a moody analyst warns longer term risks include concerns guests may have about staying at a marriott property. >> the attorneys general forrk w wsh maryland and noinl are launching investigations appear and senat mark warner chiming in calling for laws ensuring eempanies don't sensitive data they don't need. for "nightly business repor i'm adid idy roy. >> given the massest data breec

are marriott are there industries more null ckrable to athan others? we are joined by the cofounder of the cyb the security firm shape security. nice to have you here. >> likewise, bill and sue nice to be here. you say there's been a huge technological shift over the laea ten. and basically security at many firms just hasn't kept up with th move in technology. >> that's very true. if you think abos consumers our lives have become more and moreal dig the promise of the interpret is something we now enjoy in full. but t reality is that as an overall society the combination of government, law enforcement, technology providers and the big internet providers we haven't do enough to keep companies safe and secure so the like ophisticated attacks this are happening more not less in the coming years. >> when we talk about da breeches i think we were most concerned about banks the financial institutions where t i money

but you are concerned about other industries. why? whore we talki about here. >> that's a great question. the reason that the banks are the most secure is that they've been attac the the last three decades. they were attacked well before the internet enables the modern mechanism of attack. the industries i'm concerned about are the ones newer to the reality of facing global cyber criminals, global criminals in general or the ones beginning tm s large amounts of consumer data for the first time. think about a restaurant chain that had a wonderful off line buness, mostly cash for 20, 3040 years suddenly having ts of millions of credit card numbers that's a trove very valu cle to theminals that they may in not be able to defend. >> does it also have to do with size? in other words there are a lot of smaller businesses out there that maybe can invest in the technology and you point out restaurants as part of it. but some of the bigger guys, mean we saw today with marriott

they're vulnerable aswell. >> i think it's -- the big problem is that the value of business whether large or small is amassing in the form of consumer information, first names, last names and so forth is beginning to t exceed value of the investment. nv's hard for any business to be able tot at the level that's necessary to keep out the very, very specialized criminals. >> before we let you go, i mean we don't have a lot of time. but people watching tonight saying it's happenedagain, is ecurity realistically just an illusion? >> i wouldn't say it's an illusion, bill. i think we are making lots of strides forward. there is more work to do. and sure we are hearing about thef piece the kinds of breeches more and more. it's unfortunately increasing. but the solution is there. and i think we are going to see an improvement as everybody becomes more aware of and able toh deal w the breeches. >> thank you very much. always a pleasure to have you with us.>>

> a golf company takes a big swing. that's where weeg tonight's market folks. callaway gochl is buying apparel company jack wool skin that deal aimed a hping the company expand into the active lifestyle market. but vers were less than impressed. shares of callaway fell 9% to $17.13. federal conversions are nvestigators are reportedly questioning former general electric employees about its legacy insurance business the same unit that led to accounting problems they disclosed last year. according to the "wall street journal" the staffers say some risks were ignored. shareles fell t5.7.50. >> laboratory corporation cut the full-year earning guidance. the lab services provider citing a decline in hospital referrals and a fall i volume from certain managed care plans. the shares fell nrly 10%. honeywell plans to move

headquarters to charlotte from new jersey. the dec lion comess than five years after getting a $40 million tax incentive credit to stay in the garden state for 15 yes. although honeywell does say some employees will remain in new jersey. the shares wer up a fraction to 146.75 >> this woke's market monitor hekes financial technology stocks that says benefit from increased consumer spending. last time she was on in february she rommended stocks whose performance has been mixed. joining us once again tonight a mae montain. welcome back good to e. >> you thank you. >> we are heading into the holiday shopping season. everybody is making payments, electronic payments big these days. and you like these companies that do t processing. for example, visa. why do you like them in particular? well, visa is actually a stock we have held for a long time.

they are a global payment processer. they've been growi t at the line revenue at about 12% in the last quart wsh, earnings by about 34%. and getting more and more ve ge, more cost controls in the systems. and they actually guided sohigh. this is one that sells at a price to earnings ratio versus growth of about 1.7 times. but w still like it. we still see the 15 to 2 in the upside. >> you also like master card which you say has a history -- a good history of beating earnis timates. but you think it has 20% upside to the target price.e tellore about why you nifrpg it can achieve that. >> right. the last quarter they reporte revenues up about 15% and earnings also up 34%. usis has a better pe to growth ratio of 1.0. and that are very low on debt. and -- i'm sorry no debt for that company.

and we just see more and moreen pa processed, more and more overse payments processed. and you know, just everyone juse ing more toward paying by card, just around the world. >> and then paypal, which really symbolizes the future of electronic payments and so forth, especiallymo owning v now as well, right? >> right. so paypal is really benefitting from allnl thesee payments. and if you look at the numbers for thanksgiving weekend, online, whether mobile or at home on a pc or laptop, the transactions were up 28% over thankegiving w. so the online portion is taking more and more anare. this is where they benefit. this is another one that trades at just one timeshe growth rate on earnings the next two years. we see about 20% upside in paypal we like the whole fintech space. >> i see that.

yes. mary anne. thank you for joining us. >> thank you. >> and to read more about her picks you can head to our website. >> coming up, dialing up the heat, a hot start-up that wants toeep your coffee steaming here a look at what to watch for next ke. on monday, we'll find out if auto sales got a lift from early holiday promotions. on thursday, numbers ofpec may face the biggest test when they meet to discuss oil production policy. and on friday, the government releases the monthly employment report, a release that thayfed will beg a lot of attention to. that's what to watch for next

week. the pris of iceberg lettuce is soaring, according to thert dent of agriculture, a carten of the popular salad r ingrediee as much as 165% in a week after roe main lettuce was pulled bus the e. coli outbreak. the demand for iceberg couplewood the light supply led to the surge and the price of other lettuces followed a similar pattern. >>t seems everything is going high tech, cars, homes even toysw you can add coffee must goes to the list. and the cpany behind this clever cup is growing quickly. jane wells has our story tonight. this is an embers smart must go, an $80 coffee cup with a battery attached to the app. you set the temperature andho i lds it over an hour. no more cold coffee. investors include john as soon as jonas.

>> i'm the founder and ceo of ember. >> he is a liechlg inventor whose who was has aer alexa graham bellefn and original thomas edison phone graph here is how he createdbe >> it was 2009 i was sitting having eggs with my wife and i sold my light bulb to g.e. the reason it's relevant is i came off t to three years of thermal science engineering. when my eggs got cold i thought, okay, i got to fix this, like th is the 21st century at a bare mlaimum my should be able to keep my food warm. >> he worked on the technology for years before turning to coffee mugs launching in starbucks at the enof the 2016. >> i like the long game. i feel that's important, to be patient. if i were to say annual revenues top ten million, wou i be wrong? >> no, you are not wrong. >> am i w off?

>> we're doing really well. >> the company is valued at $140 million. and p projectedfitability by the end of the next year with the plans for ipor to be acquired. it's sold not news in starbucks but a.m. stores. >> we plan to go to is self-heated dinner plates and a baby bottle we are launching that will heat up in five minutes. >> ember will do ground breaking stuff. i can't speak about everything. but what they've been working on in the technology, it's -- it's unbelievable. >> and investment the jonas brothers hope is th latest hot hit. for "nightly business report," jane wells, west lake village, california. >> i mean a fanatic for keeping my coffee hot. right up my alley. >> the i know. and it's almost christmas. >> gee, i'm gladd you sthat. >> what an idea. >> before we go let's look at what happened o wall street today as we close out the month

of november. the d rose 199 points on the optimism over the trade talks between u.s. and china thi this weekend. the nasdaq added 57. the s&p 500 up believe it or not the major averages finished the volatileh months witains because of the big rallies we saw especially on monday and tuesday. >> that's unbelievable. that will do it for usonight. i'm sue herera. thank you for watching. we'd like to remind you this is the time of year the public television stations seek your support. >> i'm bill griffeth. we thank you very much for that support. have a great weekend, everybody. we'll see you on monday in december. >> wow, december! .

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