harder. >> from a corporate standpoint i look at the very opposing views to google's approach versus appleproach is you are anonymized and the second you make a transaction. google is we will collect the data and we will decide what we want to do with it. that is a very different approach to business that leads to the issue of who has information and how it can be tapped. competing business models unless the best one when. both of them doing well as far as i can tell. law-enforcement security intelligence side is different. these people will have to work harder and adjust to the fact that the companies now are doing business in a different way and makes users a little safer and harder to hack. senior director for the center for strategic and international studies. we focus on one number that tells us a whole lot. a special fight from brad stone. no idea what it is. >> the bite today is 30. that is the number of foreign brands who for the first time are jumping on alibaba single state bandwagon. that is 11-11. the celebration of being single. tesla will start selling on the i saw this last

is it start-ups versus apple, amazon, google, and facebook? >> what is fascinating about silicon valley is how quickly companies transition from being underdogs to goliaths. we are used to the trajectory of -- microsoft starts and it takes them 15 years to go from the upstart to the monolith. today, i feel like it was a matter of a couple of years -- facebook went from nowhere to being a dominant player. this kind of trajectory where people go from being at a perceived disadvantage to being suddenly saddled with all of the attributes of the goliath. now it has been sped up. >> the amazon-hachette war, you are published by hachette, you and your books got caught in the middle. how do you feel about this? >> it cost me a lot of money. that's for sure. it breaks my heart a little. i had thought of amazon as in partnership with writers. and for a company to try to make a business point by turning its back on -- i have sold, through amazon, millions of books. i have contributed mightily to their bottom line. i would've thought they would see me as

they will position different products slightly different. >> we're look at that apple versus samsung.pple's stock action, new records every day. surpassing most expectations. do you think the launch of the phones justifies what the stock has done? >> i think they are definitely category movers. and traditionally for years. activating all these devices. until the iphone plans change and oh i'm going to go upgrade. post iphone you see that process slow dramatically until the new release. and we'll activate anywhere from three to four,0 thousand iphonea minute. so you see other devices picking and choosing creative spots to hit the market. so when you look at the iphone even in the new form factor, what we've seen in our market is a predominantly high number of the 6 pluses. there is a certain percentage of returns come in. folks get the new device and it is not for them and they return it. certain segments like the bigger phone, others don't. >> where is the momentum coming from? >> right now from the iphone launch it carries traditionally ever year. it is a great start into the holiday

and i think apple wants to get you the buy the mid range or higher capacity because it is very profitable for them. you spend $100 buying a the 65 gig versushe 16 gig, it only costs them 25 dollars. so a incremental margin of 75%. >> i get that. and it's good for margins. but given apple has increased infantry from four to six weeks to five to seven the comps are going to get difficult at some point. when does that happen and are you antsy about what happens to the stock when that occurs. >> i'm antsy about every stock i cover every day, especially in tech. and the march quarter they got the --. the demand for these products that we're hearing from the wireless operators that we also cover still remain strong. apple stores from new york city to greenwich to the middle of the country there are still people lining up to buy the iphone 6 and 6 plus. so a strong demand cycle. and that can spill over to the into the march quarter. and you are talking about that fiscal year where the company is growing earnings by 20%. >> a few schools of thought. one hand people want more videos and photos is bullish for apps like snap chat that don't actually

alibaba versus apple. two stocks, one price. which is it a better bet at 114? and the key question, the big vote hits the senate this afternoon. and the ahead of it the trades on crude and energy. first for a stop story. and that is retail earnings season in full swing. 16 reporting this week. courtney reagan joins was today's winners and losers. >> let's start with home depot. that is the name reporting first. missing expectations by a penny but revenues in line. u.s. same store sales increasing a strong 5.8%. the retailer still trying to determine the total cost it have recent data breech. dix sporting goods reporting -- missing slightly on the top line. the retailer also points out continued weakness in golf and hunting for dragging down comparable sales. tjx misses. cutting full year profit forecast. not really a vote of confidence for that holiday quarter that we're in right now. and urban outfitters disappointing profit. down a third. and --. u urban is the s&p's biggest lager today. tomorrow, target, lowe's, staples, pet smart. and we end the week with f

we looked at the performance of apple versus the s&p 500 during the last three months of the year. ast ten years, apple traded positively 80% of the time while the s&p traded positively 70% of the time. the median return during that time period was nearly 15% for apple and about 6.5% for the s&p 500. so apple was the outperformer. but you ask me, melissa, the time period is already halfway over, so what do you do if you don't already own apple? well, what we found is now might not be the time to buy it. if you take a look at apple's performance until the last week in november, until the end of the year, fractionally where we are right now, apple has performed positively 70% of the time over the last ten years while the s&p has traded positively 100% of the time. the median return during that time period was about 2.8% for apple and 2.2% for the s&p 500. so what is the bottom line here? if you're not in it already, you probably missed the gains, because it looks like most of the gains happened between the beginning of the quarter to about now. >> and, as we said with you on halftime,

apple versus of the government, the justice department is complaining that new encryption technology making it harder for police to gather criminal evidence. nielsen taking a big step into new media with netflix, the amount of times you binge on house of cards will be quantified. there is this heated standoff between the department of justice, wall street journal, and what does this mean? apple, google and others want consumers to feel as if their data is private and the

when we talk about people versus radical muslims, they are bad apples that change the world for everybody and the violent aspect will never be fixed in any of these groups. you can never change a bad apple. what you can only do is return to condemning evil, rather than glossing over it under the rhetoric of injustice. >> let me ask bob this question. greg points out the moral investment in the community, where is the moral investment in the community to ask for and to highlight and to call for more education rather than heal ing. >>> i believe that most of the people that live in that community are peaceful people who want a resolution. >> i'm talking about the leaders. >> the problem is the leaders, if they stood up there and said, this was a correct decision, say what juan said, it would be a good 1-2-3 inning to say. >> who cares? you would get laughed off the stage. >> what are we supposed to do. >> there is no moral investment by the black leaders, t the investment is in their own race-baiting that perpetuates their own agenda. >> just one night he should takes his car and go see wha

valuable than walmart, general electric, jpmorgan, facebook and coca-cola, beat apple, handily, over the last month. 36% versus 8%. pete, you've owned it from the outset. >> love it. >> believer from day one. >> continue to believe in it. look at the revenue numbers those are impressive. mobile active users up 138%. when you go through their report we talked about them being a mature company, that means that they actually have revenues. these guys have growth. they certainly stand up for that. they also still have the leverage i think for expansion when i say that, i mean the u.s. jack ma clearly put that out there at the very end of october talking about wanting to talk and sit down with tim cook. this is a growth story. i don't think 110, 120, a top. i think the stock can get to 150. >> josh you own it indirectly. >> 10% of k web which i've owned sfrts start of the year. i don't get the direct benefit from the entire move up. weight interesting about this -- what's interesting about this situation with alibaba and the potential, so many went about looking at this as a retailer. that's not what it is. it's a

. >> is the apple watch running late? spring versus early next year as previously stated by ceo cook or is that what he meant by spring in the first place? pros explain what's going on with the watch coming up. ♪ for tapping into a wealth of experience... for access to one of the top wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. >>> we have breaking news on auto sales. first day of the month. phil lebeau has details for us. >> reporter: auto data with the sales rate for the month of october. 16.46 million vehicles. roughly in line with expectations. again, 16.46 million vehicles. that was the pace for the month of october. we'll be back in about 20 minutes with some of the key story lines from last month and, oh by the way, guys, new numbers about how much it cost you to fly and pay fees. you're not going to

versus cancer helped pass creating the hope act attracting attention from drugmakers. still, nancy says, there's more to be done. for "nightly business report",, i'm meg turrell. >>> apple and google got their start in a garage. where does the stair of alibaba begin? we'll take you there. >>> walmart is gearing up for big crowds of shoerps on black friday and for protesters too. labor organizers and walmart workers unhappy about low pay, poor working conditions, and little chances to achieve full-time job are planning protests at 1,600 stores across the country next friday. that's of course one of the busiest shopping days of the year. >>> and finally tonight, a look at the small apartment in the chinese city of hangzhou, where alibaba was born. surprisingly, 15 years later, jack ma's modest flat is still being used to foster inspiration by the company's programmers and product developers, hoping to make the e-commerce giant even gianter. here's more from hangzhou. >> reporter: the garage is the sacred spot where so many technology companies were born. in china, it is this one place. building 16-1, lakeside gardens, hangzhou china, the apartment where jack ma lived with

apple roots in europe. it helps to curb the antagonisms. english versus irish, british versus french. german versus british, russian versus pull mad pig across the atlantic and they magically are transmitted into white. the problem is for those who are not defined as white and so is interesting about a lot of the scholars is that they take for granted the concept of white. they don't interrogate the concept of why. they just take it for granted and not try to look at its historical evolution. part of the job of historians is to change over time. you shouldn't parachute into 1776 msm whites is something that has been around forever. it's as to boys pointed out a recent historical construction. once again there is a battle of ideas going on and hopefully what we are doing here is part of that battle of ideas that can push back successfully against these forces. [applause] >> hello dr. horne. my question is could you tie in what was going on along with the constitution at the time because there was ideas put out for sa say -- for to be abolished but those people didn't succeed during tha

versus credit than others. plastic is ubiquitous throughout most countries in the world. >> how important is apple pay?mportant for the development of mobile payment. payments are not brand-new. they have been around. but they have not taken off. i think this will give it the apetus for it to take off to faster degree. >> there are not a few discover customers who want to know how long is going to take before they can use their discover thatnts on their iphone so they can use apple pay. can you give them an idea? like to do that as well. it is going to take some time, i cannot give you an exact answer. frankly, the thing that is going to take longer is to have more places to use the card. the merchant acceptance is just beginning. these are the early days. over the next year, there's going to be a lot of progress that is going to be made on places to use the card as well as to have their favorite cards be able to be used. >> let's look into the future, say, two years or three years from now. enabledere are more nfc- terminals at the checkout counter and people can do the cap and go purchasing. what per

versus another. we look at over 2,000 markets, and we zeroed in on a four bedroom two bathroom home. so we're comparing apples to apples across the country. gerri: when you dig into these numbers. it's interesting. california is a real rock star on this list. right? and silicon valley really. >> no question. california has always been high on the list. this year nine out of the top ten expensive markets, but to your point it's shifted from southern california over the years, to northern california, silicon valley. tech boom. so much wealth being created. gerri: redwood city. >> lossal to see. a typical two bedroom four -- gerri: most affordable where we looking. >> the most affordable, cleveland, ohio. $65,000. of course, you can go in the suburbs in that market and find beautiful homes upwards of the millions, but clearly one of the most affordable markets in the country at this time. and going through a revival. gerri: lake whiles, florida, georgia. really picking all over the map here. gerri: i want to see, you have an interesting full screen on how much a los altos house would buy you somewhere else. it w

these companies like google and apple to agree with law enforcement that in certain instances they should be able to get in? so it's that balance, civil liberties versusree from the ricky rikki klieman school of law, thank you. >>> it's time to set your clocks back. a reminder about daylight savings time. it's over as of 2:00 tomorrow morning, before bed or at 2:00 a.m. for you night owls. over. at 2:00 a.m. set your clocks back. it's not observed in hawaii most of arizona and some others. >> you get an extra hour of sleep. >>> it's about ten minutes after the hour and now here's a look at the weather for your weekend. >>> up next how about thanksgiving with a twist of you and all the trimmings too. travel editor peter greenberg is here with some great ideas for holiday destination. you're watching "cbs this morning" saturday. >> announcer: this portion sponsored by abc mouse.com. help your child love to learn with abc mouse.com. ...and the wolf was huffing and puffing... kind of like you sometimes, grandpa. well, when you have copd it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor

apples, the way we report here, right? >> oh, there's always going on to be accounting issues and questions about relative china versus -- butyou look at an amazon and the valuation that amazon has and the valuation that alibaba has and a company that has a huge profit margin and a company that doesn't. >> so a profit margin that looks too good to be true. >> i'm not sure. >> but the decision between what alibaba does and what amazon does is remarkable in that they don't actually hold inventory. it's a totally different business. we often talk about it as if it's -- it's more like ebay. >> and it's kind of an incubator, too, which gis gets that premium based on this nebulous. >> they're going to start investing in media and other things. >> what is the situation? what does it trade at? >> you've got to use the right earnings number. >> earnings for last year. anyway, those numbers are hitting and we expect at 7:00 today. we'll keep you updated as those numbers roll out and give you the instant reaction. >>> when we come back this morning, pushing the envelope on reality tv. whether it's walking a tight rope at hundreds of fe