for mastercard it is world elite.very time you swipe, it costs the retailer a little more in swipe fees and it has been years of this huge rewards war going on with banks. more and more consumers are pointing up at the point of sale with these cards and retailers are like we have had enough. and they are ready to take the visa and mastercard. jason: and here comes apple joining the party. carol: it is an elite card. >> it is expensive for retailers. it had a huge launch. 10 billion dollars in line extended to consumers in the first month it was out. a very popular card. retailers are like this is another thing we have to spend money on. it is holiday season. they are trying their best to compete with the amazons of the world, and this is one more thing in the negative bucket. carol: when we talked about this on our daily radio show during the week, we were both like we did not realize there were these -- incredible tiers with credit cards. with the elite card, there is an assumption that they make more money and will

for mastercard it is world elite.very time you swipe, it costs the retailer a little more in fees and it has been years of this huge rewards war going on with banks. retailers are like -- we have had enough and they are ready to take the visa and mastercard. jason: and here comes apple joining the party. carol: it is an elite card >>. >>it is expensive for retailers. it had a huge launch. 10 billion dollars in line extended to consumers in the first month it was out. a very popular part. is justs feel it another think they have to spend money on. it is holiday season. they are trying their best to compete with the amazons of the world and this is one more thing in the negative rocket. carol: what -- negative bucket. carol: when we talked about this on our radio show, we did not know there was this incredible set of tiers with credit cards. is anhe elite card, there assumption that they make more money and will spend more. you will win in the end is the thinking. >> i think historically that is what visa and mastercard

the next step for visa is visa signature, for mastercard it is mastercard world, and then the kind ofum, premium tier. carol: we are constantly being ranked in society. jenny: yes we are, this is no different. called theseis infinite, for mastercard, it is called last across world elite. the elite you pass cards, it costs the retailer a little more in swipe fees. it has been years of this huge rewards war going on with banks. more and more consumers are pointing up at the point of sale with these cards and retailers are like, we've had enough, and they are just ready to take this to visa and mastercard. jason: and here comes apple joining the party. carol: it is an elite card. jennifer: it is a very elite card. it is expensive for retailers. it had this huge, high-profile launch, we saw $10 billion in lines extended to consumers in the first month it was out, a very popular card. retailers are like this is another thing we have to spend money on. to you you guys's point, it is the holiday season. they are trying their best to compete with the amazons of the world, and this is one more

the next step for visa is visa signature, for mastercard it is mastercard world, and then the kind ofum tier. carol: we are constantly being ranked in society. jenny: we are. this is no different. for visa it is visa infinite, for mastercard it is world elite. every time you swipe, it costs the retailer a little more in swipe fees and it has been years of these huge rewards war going on with banks. more and more consumers are showing up at the point-of-sale with these cards and retailers are like we have had enough. and they are ready to take the vista visa and mastercard. jason: and here comes apple joining the party. carol: it is an elite card. jenny: it is a mastercard world elite. it is expensive for retailers. it had a huge launch. we saw i think $10 billion in lines extended to consumers in the first month it was out. very popular card. retailers are like this is another thing we have to spend money on. it is holiday season. they are trying their best to compete with the amazons of the world, and this is one more thing in the negative bucket. carol: when we talked about this on

visa and mastercard, then who? romaine: discover, american express.it is a pretty concentrated market. one could imagine in theory using that approach to crack down on some of these practices. michelle: it is something that visa and mastercard have been called out on before by banks and retailers. scarlet: does apple have anything to do with this or not? michelle: well, in the sense that they issued it on one of the elite premier tiers. scarlet: after this, their hands are tied as well. michelle: the reason they can justify the higher interchanges because they say that people use these luxury rewards cards and spend more. romaine: we will have to leave it there. our thanks to bloomberg's shall davis. coming up, the u.s. mta getting the go-ahead from congress but still facing hurdles in the senate. we had to washington to talk about that next. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. in jersey city, new jersey, a police officer and multiple other people have been killed in a shooting. several others were wounded. p

i think mastercard's a great stock. don't get me wrong. but that's kind of old century. what's going to be the biggest thing happening in the next ten years? it's going to be outer space, like "star wars." the space force. space travel. so that's where i think we will see a lot of the growth over the next ten years. of course, i grew up in the '60s, remember i thought we would be flying, you know, in spaceships now. it's a little bit late, but i like virgin galactic. i like tesla. i like the stocks that are going to be taking advantage of what's really going to be the ten years of space. you are going to be amazed to see what advances are going to be made with president trump of course talking about the space force, virgin galactic talking about space travel. it's going to become a reality probably in the next ten years and those stocks will do very well. >> let me tell you if you are looking at space, look at ldos. they are working with lockheed martin on hypersonic weaponry. liz: again at a 52-week high. don't we want to wait for some pull-back here? >> what are you go

an advisor to mastercard saysthe later thn usual thanksgiving. holiday may have played a factor in the sales numbers this year. the mostmpressive singleday for online sales. e last saturday before christmas which this yearas december 21th and chistmas obviously was yesterday and is now over but that does not me that ftover christmas trees kept put to good use. yes, here's a novel an animal sanctuary in north rolina is asking people to donate theitrees. >>to the tigers thereyeah, the big cats parently love rubbing on those pines head and the staff say that the treescan entertain the tigers for up to a week. sometimes workers at the calina tiger as if you that they willhide fd, the trees. our mascot with the tigers favorite smell for some extra fun. >>if you're really really cited justto have something new in their enclosure something new that they ca they can do something they could smell rob on. i'm usually it lasts almt al day, the gic doesn't wear off. and they just keep coming back to a driving on it an it's so it's a really great from being b

we get to use their big distribution network, so brex card works anywhere where mastercard works.r: how are you hoping to differentiate yourself? we talked a lot about uber money, for example. what else are you hoping to use to make sure that you stand out in what is a very crowded field? henrique: the first thing we do is focus on businesses instead of consumers. a lot of the focus has been on building, you know, if financial services for consumers. brex is for businesses. number two, we rebuilt the entire system from scratch. we don't use any kind of legacy software provided by the banks like most of these other companies. we basically rebuilt everything from scratch, and that allows us to create functionality that did not exist before. for example, not requiring any kind of personal guarantee on business cards or having extremely simple expense management's on your card. taylor: how are you expanding outside the traditional fintech world? i am thinking into e-commerce or life-sciences businesses? are you increasingly taking on more clients from those new sectors? henrique: so w

we asked the ceo of recently minted unicorn that has a partnership with mastercard.im about the financial product opportunities. >> i believe that there is a clear distinction between distribution and actual innovation in financial. i think a lot the big tech companies, what they are doing is just creating few distribution channels for existing products. so for example, amazon's credit card is issued by jp morgan and american express. if there iseve that no technology development in the back end, it will not change much. i think a lot of the opportunity are for both fintech firms and non-fintech firms that actually rebuild the technology behind it and don't use the technology built by the banks. taylor: so as you talk about that and some of the partnerships, i noticed that you have a partnership with mastercard. what are you hoping to bring them and what are they bringing you in terms of that technological innovation? >> i think it is exchange of knowledge. they have been working with banks and have accumulated a lot of knowledge and expertise over the years. and we,

practice.he ceo of a it has a partnership with mastercard.cialim about the product opportunity. >> i believe that there is a clear distinction between distribution and actual innovation in the financial services. i think a lot of the big tech companies what they are doing is it creating new distribution channels for existing products. for example, you -- amazon's credit card is issued by american express. i believe that if there is no technology development in the backend, it will not change much. a lot of the opportunities are non-techfirms and firms to rebuild the technology behind it and not use the technology billed by the bank. >> as you talk about that in some of the partnerships, i notice you have a partnership with mastercard -- what are you hoping to bring them and what are they bringing you in terms of that technological innovation. henrique: it is an exchange of knowledge. they work with banks in a global market and have accumulated a lot of knowledge and expertise. me bringing the side of technology from silicon valley, it is a so

mastercard says u.s. web sales rose 19% this holiday season.t for its biggest year in a decade, the stock up over 82%, adding $530 billion in market value, more than the market caps of all but five companies of the s&p 500. it's being helped by positive holiday spending. were widelyiphone cited on customer wish lists. tiffany's reporting a rebound in sales in the run-up to christmas, and good news for lvmh, buying the u.s. brand for over $16 billion. growth was led by shoppers in china, pushing a 7% increase in the asia-pacific region. the recovery comes after a decline of profits in the nine months through october. that's your bloomberg business flash. matt: thanks very much. some of thek at best-performing precious metals of the year as gold glitters. this is bloomberg. ♪ ♪ matt: welcome back to "bloomberg markets." this is the european open. i'm matt miller in berlin. widelyge fund manager considered the best of his generation spoke to erik schatzker. >> if there is a political event, change of leadership in the white house, that goes to som

yet this season was absolutely record breaking at least that's what a credit card company mastercard is telling us not in terms of sales that department stores they were only 2 percent compared to last year but e-commerce sales this holiday season rose nearly 20 percent and that's why this year is the 1st time ever that people spend so much money online the biggest the weather of course amazon which just announced that they have the best holiday season ever they didn't report any specific numbers but the message was clear i think so amazon stocks rose more than 40 percent today overall a massive desire to buy this season but after christmas comes the return season and that will also hit another all time high since holiday returns are projected to be a record 95000000000 dollars this year with nearly half of that coming from. so some huge numbers there sabrina is relieved there were some other records broken on wall street today what can you tell me about those. dates year and really and that often means the new records on wall street and that was exactly what we saw today not only th

a report from mastercard showing online sales had a record high this season, making up 14.6% of totalail sales. overall holiday sales increased 3.4%. >>> president trump cheered the news in a christmas tweet saying, it was the biggest number in u.s. history. here's the thing, though. reuters are pointing out that a spokesperson for mastercard said this year's growth was not the biggest ever, pointing to 2014's growth. the white house did not comment on the discrepancy. >>> that face. everyone has fallen in love with baby yoda. but no one found the cute character under their christmas trees. disney has a stuffed baby yoda schapp shoppers can preorder. disney held back on merchandising. by waiting, disney lost about $2.7 million this holiday season. but the trade-off, says john fab r >> have a great rest of your day, international viewers. >>> for the u.s. viewers, "early start" starts right now. >>> the first crack for the gop. >>> the first crack for the gop. why one moderate senator is calling out mitch mcconnell over impeachment. >>> it's mild now. but snow is on the way. whose trip

brex card works anywhere mastercard works. taylor: how are you hoping to differentiate yourself?talk a lot about uber money for example. with your technology, but also you hoping to use to try to make sure that you stand out in what is a very crowded field? henrique: the first thing we do is focus on businesses instead of consumers. a lot of the focus has been on building financial services for consumers. number two is we rebuilt the entire system from scratch. we don't use any legacy software from banks. we rebuilt everything from scratch. that allows us to build a fudge analogy that did not exist before. for example, not requiring any kind of personal guarantee on business cards. or having extremely simple expense management on your card. taylor: how are you expanding outside the traditional syntax world? i am thinking commerce or life-sciences. are you taking on clients from those sectors? henrique: we are basically of the view that you cannot fool businesses together into one thing. a start up e-commerce company in a hotel and restaurants, they are completely different busine

and mastercard reporting that the online sales grew 3.4% with a high of 19%.ormer saks chairman and ceo steve with us. thanks for joining us this morning. now this online trend continues. that full season sales growth exceeding your expectations. i'm wondering what you think is behind that. is fact that the online sales are coming from brick and mortar stars shutting down? did we see more discounting in the season what was behind it >> you see a healthy consumer. the overall sales came in at three-point 4% growth which was better than the 3.1% forecast. if you take out the auto -- the gas numbers, it was growing at about 4%. online was the stellar performer, up 18.8%. and it now represented almost 14.6% of overall retail. so it was a shorter lol dholida season, six days less. consumers came in late. the saturday before christmas, monday before mass is were massive sales. you had a lull in early december, then it came online with a strong performance and good at the very end. >> do you think we saw more discounting earlier on because there was a shorter period

a report from mastercard showing online sales had a record high this season, making up 14.6% of totalsales. overall holiday sales increased 3.4%. >>> president trump cheered the news in a christmas tweet saying, it was the biggest number in u.s. history. here's the thing, though. mastercard said it was better under president obama -- president trump, actually. >>> everyone has fallen in love with baby yoda. but no one found the cute character under their christmas trees. disney has a stuffed baby yoda shoppers can preorder. it won't be delivered until march. disney held back on merchandising. by waiting, disney lost about $2.7 million this holiday season. the idea was to create excitement. to heck with the money. >> they'll make up for it next year. >> i think you're right. >> thanks for joining us. have a great day. >> have a great day. "new day" starts right now. >>> i heard what leader mcconnell had said. and i was disturbed. >> lisa murkowski has some problems with what mitch mcconnell said. >> democrats are hoping that at least four republican senators will break ranks to compel

financials, i asked all of you if you thought financials will going to go up jpmorgan, citi, mastercard, visa all liked on this desk >> yes jpmorgan to me is indicative of the market it's almost a proxy for what the market is going to do. i think positioning is incredibly important to cite this time of the the year. what was the position in the market, the mentality in the market you've mentioned apple before. think about the performance year to day for apple it is exactly what the s&p is when you look at earnings. was there anything in the earnings of apple that was so spectacular a that should have been the catalyst for the performance? both revenue and eps for it, it comes down to positioning. for financials the positioning didn't gain momentum until recently i think that's incredibly powerful and important if you're able to get follow through and continued steepening of the curve. >> i would add schwab to this. i like the deal. it's not just a macro call it also them getting this deal together and really seeing the synergies and at the valuation it's at. it's a the a two-year discou

but a spokesperson for mastercard told reuters this year's was not the biggest ever citing 2018's 5.1% white house did not comment on the error. >>> all right. a little more than a month until the first votes in the 2020 democratic primary, we're going to bring you numbers on just how much money is being shelled out by the candidates. that's next. ren laugh and screa) (dog barking) ♪music it's the final days of the wish list sales event. hurry in to your lincoln dealer today to get this exceptional offer. >>> all right. believe it or not, we are now just 39 days away from the iowa caucuses. joining us are cnn political analysts joshua green for bloomberg business week and jonathan martin. he's a national correspondent for "the new york times." it's good to see you both. let's talk iowa. it's all about the hawkeye state, particularly the money. i never have seen money like what politico is reporting these two billionaires running are spending. look at this. they are lapping the crowd. j. mart, my big question is, can money buy you love because you look at the national polls, biden is cr

david: are the early numbers from mastercard reliable?s it has gone up and down. some years it was good, some years they revised. jordyn: these numbers from mastercard are in line with the estimates they had in november. they estimated 3.1% growth. now they are saying 3.4%. there might be numbers that come out later. this holiday season has stayed in line with the estimates. david: bloombergs jordyn holman, thank you so much for joining us from chicago. thanks also to romaine bostick, cohost of what did you miss. , the levels to watch for semi conductors in today's technically speaking. if you're jumping in your car, tune into bloomberg radio heard across the united states on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ david: it is time for technically speaking. abigail doolittle joins me. aboutrstand it is semiconductors. abigial: and technology overall. we are starting with semiconductors. doing well, up 60%. take a look at the chart. in white is the philadelphia semiconductor index. 60% gain on the yea

the desk is ready to answer your questions on visa, mastercard and more when we come back after this do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. is that pgim, we see alpha emerging in the trendsete? driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. the investment committee is answering your questions first up for you, pete, from randal in hawaii where we wish we were. >> don't we? little waikiki i love dukes, man. >> all right good fish sandwich is mcdermott international a good long-term investment? >> no. i own this stock so you'l

mastercard data showing online sales gained 19% on the year. for more on how the health of the u.s. consumer will be impacting markets, let's bring .n our senior economist we continue to see these gains on the s&p 500 across the board. 2020 when store for already we have seen such a massive gains? somassive gains this year far, 30% for the s&p and the dow jones. that is putting fear in investors minds. for sohave been so good long, we have been inching higher and higher just about every day this month. a lot of people are thinking, coming up in the first half of the year, we could see a pullback because exuberance has been so high. the dollarave seen getting a boost on those u.s. jobless claims, falling to a three-week low. this reinforces the idea that people have jobs, solid labor market, they have money in their pocket. >> how about an even lower unemployment rate next year. we project the rate will fall further and hit 3.3% by year-end. we will see more of the same, improving laborwe project the rl markets, and consumers driving economic growth into next year. we will see a litt

economists are monitoring shopping sales from mastercard spendings and it appears to show consumers had cash to burn especially online. the company report solid retail sales increased 3.4% and online shopping was up double digits this year compared to one year ago. the american economy is by far the best place to be, investments will boom. on a basis of the, i am looking at a great year. >> reporter: president donald trump point to the stock market gains and proves the economy is hyper experts say there is uncertainty what lies ahead in 2020. >> one question is weather or not, the relatively low rates interest rates that we have now from the federal reserve will result in an increase in business spendings. that would reflect more confidence in the business side of things. >> reporter: the debate is expected to roll into the we get and the senate will debate a new trade deal between u.s., canada and mexico. the house approved that before christmas. in washington, mark meredith. >>> a bit of a soggy sunday off their. things are about to get much better. take a look at this, it is a loop f

a cash even just pay cash and this is only visa system so if you've got diover american express mastercard is n affecting not transaction system. so you should be ok too so it's not as bad as it sounds it's still bad and you could still use cash but um yeah, there's ys around it okay, so overall what this time of year and we're using a lot of cret cards are buying gifts and all that kind of stuff. >>what are the g things to look out for. you know you're definitely going to make sure that all of the charges are accurate. if you'veever been double charged, i have been uble charged, you know this is the time to start lookin for that and also you know people leave the wallet. i left my wallet acounters not such a big deal when you're shopping online but when you're shopping online that's gointo be a proem too because you're going to be looking out for well over spending a lot easier use quick hook, a y know, and you can really over do it that way i mean there's just so much justkeep track of what you're spendg ntact. the credit card companies if anything seems amiss and issue th you shouldn't

that's what many retailers saw after big holiday spending by consumers mastercard reports that american retail rose 3.4% betweenovember. >>and christmas eve compared to last year retailers have started offering promotions earlier in the ason. >>some as early as halloween. readly giving consumers a long runway in order to buy gas and ock up for every one of the most popular items irobot's roomba it's in part and l o l surprise adults l o l surprise is still the killer toy out there it's what all the kids wa they continue to innovate is a company and keethat brand fresh the most popular shopping day was a saturday before christmas. >>so known as super saturday. customer growth partners says nsumers shelled out billion on super saturday. the death of retail shopping is is been highly overrated face forces come ck and made a good impact toys. r us has made a ton of news that their to know locations companies like amazonsay this was their biggest holiday season ever whilesome retailers rejoiced over record setting revenue department store stggled sales for stores like sers macy's and others

mastercard reports last saturday set a record for being the busiest shopping day in u.s.y. >> wow. >>> happening today, officials in san francisco will work with ricology to show how they recycle christmas trees. people in san francisco can put their trees on the curb between january 2nd and january 15th for pick up. be sure to remove the stand and all the decorations. if your tree is taller than six feet, you have to cut it in half before putting it on the >> let's look at what's going on with sunday. sunday into monday, light to moderate rain. a thunderstorm is possible. snow level down to about 4,000 feet. here's future radar. you can see we wake up at 7:00, sunday morning, just mainly increasing clouds. some drizzle to light rain starts to move in as we head into the afternoon hours. and then the steadier, heavier rain will move in during the evening hours. you can see around 6:00, moving through the heart of the bay. that falls through. we wake up to a chance of drizzle monday morning with increasing sunshine during the afternoon hours. a very fast moving storm that

favorite would be goldman sachs, which needs to get some growth here china can provide it visa and mastercardould easily have more upside and the ceos, time and again in the old days told me if only china would really let us in well, if they do, look out above. again, all these stocks are excellent. and even if the deal somehow falls through, the valuations are not that bad so other than for this one, and i happen to like them, my charitable trust owns it, you can handle any deal that breaks down and still do okay i have to say that because think about what's been going on the second echelon is tech this morning we got a very discouraging note from credit suisse about a possible 35% drop in chinese iphone sales. plus they point out that the tariffs could raise the cost of anni phone here by 67 smackers apple was down more than two bucks when the president first did that tweet that made people feel better about stocks by the end of the day, you know what the stock closed in the black. and you know what that says to me it says so much for trading, not owning apple. own apple. even today, this d

investment grade bonds to the market, offering from mastercard representing the lion share of the volumeeaking with investment grade, concerns raised about the valuation in the triple-b space. >> a lot of investors are not allowed to go into noninvestment grade have gone into the lowest level of investment grade and that has in turn boosted the amount of money coming in. lisa: iain, your perspective on the triple-b space. we have heard a lot of doom and gloom, and this turned out to be the best performing of the investment-grade asset class. where are we headed with the triple-b's? iain: at the moment, there is a grab for yield and people are looking at triple-b. we can still buy investment grade quality bonds and get the yield pickup and it doesn't look like treasury yields will move higher anytime soon. the central banks have got our back. i think we see the demand coming in and we have more overseas demand coming back as a some of the hedging costs that were so painful to european and japanese investors over the last year are coming down as the fed has been easing policy. i think ther

according to mastercard spending poll that tracks spending. in the 20% surge in online shopping boosted sales during the shortened holiday season. >>> shopping will continue over the next three days, some solutions says today, friday and saturday are expected to landed in the top 10 of the busiest days for retail traffic. shoppers will head to the store's use the gift cards and return unwanted presence. >>> burning man is doing the bureau of land management, the organizer of the celebration told us they have been overcharged millions of dollars in fees over the past seven years. the group is required to reimburse the government for various services and expenses. and that is your cbs money watch report. >>> as we get another check of the forecast, at least we are dry in some spots in we get a break later on.>>> yes we have sunshine today, and that will continue over the next few days. high pressure building in and looking at quiet, dry weather ahead. some stragglers, some lingering showers across the south bay in just a moment. we will take you

up on the year considerably both closing basically at all-time highs today followed by visa and mastercard. some think that's a nice fintech play when you think about it xlk is an interesting instrument i think if you like the idea, like the idea playing for continued up side in these mega cap names this is a great way to do it. defining your risk to a couple percent of the etf price the biggest drivers are up massively. i guess some of the fundamental drivers of the stories within it are very much intact. >> guy >> make a cogent argument, yeah, names that are inexpensive, for example, texas instruments to me is the poster child for what's going on you have no earnings growth. you have a couple quarters of a pretty lousy report, yet the stock still commands a 23 times forward multiple and people seem inp inper veous to the space knock yourself out if you want to continue to buy the stocks, a dan nathan term. we are five or so days away from president trump pulling the rip cord and going forth with these tariffs and you know, a name like texan, trading 122. pete does this december 15th, tha

according to data from mastercard, e-commerce sales hit a record high up more than 18% from last year4% of retail between november 1st and christmas eve. consumer experts say the holiday shopping season can account for up to 40% of annual sales. >>> and holiday shopping doesn't end with christmas. bargain hunters can take advantage of discounts on clothing, home decor, and other items well into the new year. experts say shoppers should do price comparisons to ensure they are getting the best deal. shoppers planning to exchange or return presents should also be aware of return policies. retailers which once had limited return policies cut them to one year, 180 days, now in some cases to 90 days or less. so i think the best option here, just buy your own gifts or pick them out and tell people what you want. then they don't have to worry about returns. >> that's a good plan. did you do that this year? >> of course. i always pick out my own gifts because i don't want to deal with returns. i wish my friends and families would do the same so i knew exactly what to get them. >> that takes al

interesting etf microsoft and apple the top earnings apple up 70-some percent followed by visa and mastercard, some people just think that's a nice little thin tech play when you think about it the xlk to me is an interesting instrument if you like the idea of playing for continued up side in these mega cap names, then this is a great way to do it defining your risk to a couple percent of this etf price. the biggest drivers are up so massively. some of the fundamental drivers are still very much intact >> it's interesting. you can make an argument that there's some names inexpensive but texas instruments to me is the poster child for what's going on no earnings growth a couple quarters of a lousy report yet the stock still commands a 23 times forward multiple and people seem impervious to any bad news going on in the space. so i'll was a dan nathan line. knock yourself out if you want to continue to buy these stocks. and volatility is cheap enough it makes sense but we're five or so days away from president trump pulling the rip cord and going forth with these tariffs and a name like texan if

this is a jump from mastercard conservative christian shut him out. he's worked on some of the world's finest collections of contemporary art but many artists try to mend those more than preserve their work may be also scherzinger as a creative consultant. hard graft and ingenuity. in 45 minutes on d w. it was the speech of his life perhaps his best and certainly his most difficult the speech by a school in dresden on december 19th 1989. shortly after the fall of the world the chancellor addresses the people of east germany. the newest tent the crown clamors for german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time in dresden starts december 19th d.w. . who. we know there are some fans out there who have emily now and one gem and champion badlands and you think supremacy. i'll be facing the dawn of the.

so the nrf, sorry from mastercard, so 18%.there will be $42 billion worth of returns specifically regarding online sales. overall we talked about the super saturday or call it panic saturday. the biggest day in retail history, 34.4 billion. think about the people, if you talk about all the surveys, a lot of people left things to the last minute because of shortened period between thanksgiving and christmas. charles: six fewer days of shopping. kristina: consumer growth strategies survey, 7,000 people, 60% said they wering until last minute, christmas eve to buy goods. some numbers we'll see. amazon, showing prime was stellar a monster. today is big shopping day too because of all the discounts. charles: good point. gift cards, people turning those back in. here's the thing the consumer has been amazing. >> yeah. charles: yet we got consumer spending income numbers. what i love about it, incomes up .5 of a percent, spending up .4 of a percent, both beating estimates but savings rate ticked up, we're at about 8% savings rate. we

kind of goes to show that this year one of the best performing industries has been credit cards mastercard visa american express simply because they've been racking on enormous consumer debt now is that one of those industries to the we have to watch out for because that bubble will pop i mean at some point people can pay their credit card bills what happens is that the. consumers have been the main spending engine behind america so that's why america has been on a boost to lower credit limits and everything to him able to drive up consumer spending that's been a major portion because now people are like interest rates are an all time low it's easy to take on more credit it's easy to take on more debt so consumers keep on liking up that debt and so before next year comes along consumers are still going to be paying for debt 420182019 next year and so forth it just breaks my heart when i see stuff like this because to me i see an under educated population about how these credit card histories and also you know how they're kind of being used and abused in terms of like the wages that they're

mastercard report holiday retails and sales increased 3.4% in online shopping was up double digits 18% compared to your go. >> now that the american economy is by far the best place to be, investment is going to build. so the basis of that, i am looking at a great year. >> president trump continues to praise a stock market for its performance since the president took office, all three major indexes have seen major gains. but experts say there is some uncertainty about what lies ahead in 2020. >> one question is whether or not the relatively low rates, interest rate that we have right now for the federal reserve will actually result in an increase in business spending that would reflect more confidence coming from the business side of things. >> now the debate over trade is excepted to roll into the new year as a senate will debate a new trade deal between the u.s., canada, and mexico. you'd be a member the house approved the deal right before christmas. eric,. >> all right mark thanks so much. laura. >> president trump sounding off in the homeless crisis on twitter this morning. taking

up, fiserv and mastercard up. these up. -- visa up. is cost to borrow score three. to put that in perspective, the cost to borrow score for bigger, more liquid fund's is usually about one. it is hard to say if it is t bullhe bears on this fund that has really helped it see the massive inflow on friday. renita: i am taking a look at palladium, which has gone to a record high. can look at what happened during the inter-day. it is also up on the continued strong demand and a worsening supply shortfall. 56% so far this year, currently the most expensive precious metal out there. is onts say the price track to soon hit $2000 per ounce. romaine: you probably heard scarlet chattering in the background but we will pick up the conversation with scarlet and of course, the ftse research managing director. there was a note out earlier from bny mellon, where they talked about market participants being agnostic, the idea that people are kind of happy with where things are. is that necessarily a good thing with regards to providing support? you can look at it as a good thing becau

mastercard says total u.s.vember 1st and christmas eve that's about the mid point of the range of estimates online sales rose nearly 19% during the period compared to 1.2% for in-store sales. mastercard says digital accounted for 14.6% of total sales. that is a new high more on the holiday winners and losers in a few minutes, including the kickoff of return season and also new this morning, china says it is in close touch with the united states on signing a phase one trade deal according to the country's commerce ministry both sides are going through necessary procedures before signing. the ministry said despite progress on trade, tensions remain on other issues like a defense bill that aims to restrict access of chinese firms to d.o.d. contracts. >> and in some other chinese news this morning, soybean shipments from u.s. to china soar as they ease. imports surge to 2.5 million tons in november that's from just 1.15 million tons a month earlier and on christmas eve, president trump said a meeting with china's p

report out this week from mastercard appears to show consumers had cash to burn.nd online shopping was up double digits this year compared to a year ago. >> now that the american economy is by far the best place to be investment's going to boom. so on pace to that i'm looking at a great year. >> president trump continues to point to the stock market gain but excerpts say there is some uncertainty. >> will result and inkrooed in business spending that would reflect for confidence. >> the debate over the trade will be announced over next year. the house approved it right before christmas. mark meredith, fox news. >>> many people in martinez says they are said the an article in the newspaper explains the decision to shut down operations was made by the owner of the dixon chain of community papers. the ga set has been covering news in martinez since 1968. >> there's not a lot of things that have been around that long. >> when i was 15 years old on my bike. >> it's not clear yet if the martinez news ga set will continue as an online publication. >>> most riders will pa

alix: last up, mastercard delivering a buyback coming before the bell. what do you see here?r dividend. they do have somewhat of a flattening out in the 50 day moving average. 2.93%or resistance around today. this is clearly one of the all-time great stocks. today, look for resistance to 93. alix: that is an uptrend. thanks a lot. that does it for me here at "bloomberg daybreak: america s." ferro,open with jon casei jones, fixed income strategist with charles schwab. everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year. and now get $250 off google pixel 4 during xfinity mobile beyond black friday. that's simple. easy. awesome. click, call or visit a store today. jonathan: from new york city, i'm jonathan ferro. "countdown to the open" starts right