stuff like adobe stock.hat was the first one he said was on target, what they expected for the we're. >> all the earnings calls with companies in these transitions. half of it is explaining how the revenue will be recognizeded down the road. >> go pro joining the list of losers after the downgrade at citi. a couple more silver linings. we're going to look hard for them, but they're out there. when we come back. >> go pro shares falling today after the company was downgraded over to neutral at citi, citing softening demand for their products. shares were down a lot earlier today before coming closer to the flat line. the stock recently surged, as you know, following a report that the action camera maker could be bought by apple, maybe one day, but citi states that acquisition is actually unlikely. even with future product launches of karma and they fear consumers may trade down to newly discounted go pro cameras. a reversal for city. one of the catalysts is seeing woodman on qvc, which is not a new phenomenon

thank you. >>> adobe, is it a company apple should be buying? analyst published a provocative note what other companies apple should buy with its $200 billion in cash. welcome, dan. adobe is interesting because we are looking at the valuation. stock is up almost 30% in the last 12 months. it's trading more than 90 times trailing earnings. why would apple buy a stock like this? >> you have to take a step back. cook and apple are going through a make or break 2016. really the focus on the enterprise. they need to get that from 10% revenue to 15% to 20%. that's the nut they are looking to crack here. adobe would fit in terms of from a digital and cloud perspective, proliferation of mobile devices, how they play into the enterprise in terms of creative. i view this as one that would definitely fit and really give them that avenue into the enterprise they really need at this point. >> let's name other names on your list. gopro was one. that on the other side has become cheap compared to its own valuations. you mentioned tesla. which is the most likel

part of the strategy in cloud right now for adobe, increasing the amount of spend per subscriber as adobes bolting on more and more different things things they allow their -- they bought, which includes stock photos, and number of tools their customer versus to choose from, but from this top line and bottom line record, it appears that things are going pretty well for them, kelly. >> jon, thanks. reaction here. >> this stock has been on a tear. so let's just go back about a month and a half ago, they set the bar a bit lower, to people kind of freaked out, but then they bought that weakness. the reason they're buying that weakness is it's clear even from this report the company has done a good job, it's clearly driving the results. this is a company that's not cheap, at 25 times forward estimates, but they are going to grow earnings 30% that they actually already endorsed just last month over the next cup 8 years, so it's very impressive. in fact, this is an area of software as a service that overlaps with the ipo, though it's been a dis matt year, ending on a high note, isn't it, bob pis

bay area based adobe and razorfish have teamed up on this demo... "as i peruse the merch you'll notice that as i hit one of the beacons." "the screen will becomce personalized to me." it uses your "online" shopping history -- to tailor the experience you have in the stoto. the magic li... the phone in your pocket. "this righ there is a bt low energy beacon." beacons talk to retailers know "who" you are -- and "where" you are. "as i walk toward the dept, you'll notice that this particular light box has lit up with this shoe." they know what you like... and what you need. "(size 10.5, that's your size.) ? yes it is." and if something "doesn't" fit -- just "order" a different size straight to the dresesng room. "i donon need to put my clothes back on -- i cacacomm through the applcin with my stylist." bloom "these technologies can all make shopping a dramatically better experience. but retailers know they have to be careful. if used the wrong way, some of these same tools can easily cross the line into feeling a little creepy." kit yarrow, ph.d./golden

once again adobe has run a great deal from its last break. if they make comments conservative and the stock cracks i think you just get in there, okay. do some work ahead of time but then do some buying. i have to tell you, this is another consistent trade. if it doesn't happen, we can't pay up. it's just not our style. i'm tired of the clowns that blow this one out without doing any homework and i'd love to have the company on to explain how solid their long-term business really is. so adobe consider this one of those paperless post invitations that i never know how to open. we also have an analyst meeting that could be very exciting. yum brands. i like the plans they have to break it up. play on china from kfc. there's not one within 10 miles of my house. and then another taco bell driven company. how can you not like the split up, stronger chinese consumer on the horizon. everybody is saying it the chinese consumer spending. i also can't wait to hear what united technologies has to say. here's a fabulous company that has its fingers in aer

the adobe marketing cloud measured visitors to local retailers.allas-fort worth was the fastest-growing market. loss angeles beat -- los angeles beat san francisco. >> that's okay. we have three world championships in baseball and they haven't won one in a while in los angeles. thank you for taking the time. >> mike said he didn't do any shopping. i didn't either. did you? >> i didn't either. i didn't know the deals with that good, 20% off.>> something tells me they're not going away. >>> it was pretty nice outside today. >> it was an improvement from yesterday when some of us were freezing. here's a live look at mt. diablo work for the time being we will have another friday tomorrow. --. for the time being, we will have another dry day tomorrow. 57 san francisco, walnut creek upper 50s, santa rosa 59, 60 degrees for san jose. here is the 24 hour temperature change. we are up by several degrees especially their fold -- farfield inn santa rosa. -- fairfield and santa rosa. we have a written place close to the bay area which will team the storm -- k

ultimately, father serra built an adobe church. he died surely thereafter so he was buried in that church. then that church was demolished. where it comes to abuses, the primary allegation against father serra has much to do with the fact that he worked within a system which condoned corporal punishment. what is corporal punishment? the use of whips, sticks, or other devices in order to punish individuals who had transgressed against the church or the state or the indigenous community of the mission. so that did occur. one of the misunderstandings is that it was father serra doing this. no. father serra could order it done but all corporal , punishment, all administration within the mission site were conducted by native people who were selected by their own communities either to meet out punishment, corporal punishment, or to basically determined and and administer resources distributed within the indigenous communities of the mission. but the reality is that father serra himself has never been documented to have laid a hand on any

>> this is an electronic page it's done in adobe, in in design. making sure the high resolution art is in place. see things are fuzzy down here are art director roughs this out and then i will go through and make sure all the real art is in. we have to see if it's in here and i don't see this one yet. once i get this done it will be ready for press on the our side. the tax have to go. you'll see that there's credits are not quite on, still work in progress. normally would be two days before close. were making up for lost time here. were going to go to press tomorrow with it. it will have all the parts. i check this into the system, and if we use k for to track all of our pages, if we check that and i will pull back and see an image of all the pages in this particular issue. the grayer ads, we don't know the ads are like yet. they come from a different department. i can see the editorial pages. i give it to the art director so he can see it and make sure it looks nice. make sure we don't have the art across the page or for too many pages in a row.

adobe had a couple of bad quarters. oracle has managed it a little bit better.counter what michael said, i am not saying he is wrong, one never says michael wolff is oracle wasink what doing was buying different types of software companies. they were not necessarily buying cloud companies. they were buying big companies and enterprise resource planning. -- in enterprise resource planning. to transfer all of those businesses onto the cloud and stitch them together. things that competitors cannot do. emily: when you look at 2016, what are the big cloud trends we should be watching? michael: it is going to be companies like salesforce, where it is a broader suite of services, not just about keeping track of customers, but integrating with all sorts of other pieces of your business. it is going to be companies like dropbox, where they have moved away from just being storage into true collaboration. they are going to be bolting into businesses like slack. the third piece of this is going to come down to applications that are more consumerist. ized.nsumer wolff, thank

and adobe is prediof looks like yoday idnss would rather say bah humbug than happy holidays. the number ofantifice holiday parties is falling. theresa: this is a recent trend. ben: since the recession. theresa: a recent survmet by the office of human resource management is s%anti compadlies had a pke 2y for their employees, down from 72% in 2012. only 6% of compance yc forit was due to cost, some pixar reps in the survey said employees were too busy or a party would have or een antue greg: feel obligated to go? theresdy i tocak you should. i have friends who at one point worked in a hedge fund and some of thamer holiday parties, i could pretend to be somebody something and come in and enj the blowout is inf tedib sfx: piano music. wow. i'm glad you finally made it, dad. you have to experience this city. that's what you always say. you were right about the food. yeah? welcome. only in new york, right? i guess so. and a real astronaut. that was something. hi john. hey kevin. one more. didn't you want to be an astronaut? ...be an astronaut? yea, i did. there's still time. it's b

according to adobe digital index, sales topped a record 3-billion- dollars yesterday. that's on top of the eight-billion spent on cyber sales since thanksgiving. traffic was so heavy on some websites...there were technical problems. the top cyber monday sales items included ipad minis...and lego star wars toys. more cold air tonight and a gusty wind will make the wind chills drop to the teens. we will have a few left-over flurries tonight and early tomorrow morning. the rest of the week will be dry and warmer. much jeb bush: leadership means you've got to be all in. it's not about yappin'. i know how to do this because i was privileged to serve in florida for eight years. and we turned the systems upside down that weren't working. 1.3 million new jobs were created. we cut taxes every year. income rose in people's pockets. people were lifted out of poverty. children started to learn. as president of the united states, i pledge to you that i will solve problems. announcer: right to rise usa is responsible for the content of this message. near smokey row-snow on the groun

emily: adobe will release fourth-quarter earnings this week.analysts are looking for the software company to report revenue of $1.6 billion. last quarter of adobe shares dipped after the company revised its fourth-quarter outlook lower. a few other big things in tech o watch for this week. joining me, alex, i want to start with you because were going to see the last tech ipo of the year. on the verge of making australian corporate history by going public. what is this company and what do they do? >> they started making tools for developers to help them manage when they create software. the company started 13 years ago and since then they have built out into a kind of team collaboration company. their big software helps developers create pplications. confluence helps sharing. hip chat is kind of a messaging tool that is sort of like slack are along those lines. 13 years later the company is going to ipo and investors are excited about finishing the year with what has been a slow year for ipos. emily: i've heard of it as the great australian hope

shoppers spent an estimated $4.45 billion online on thanksgiving and black friday, according to adobe systems inc. but the sharp uptick in online shopping is putting pressure on fedex and ups to deliver big and on time. according to "shipmatrix"... a company that tracks delivery rates of different carriers... both companies are already struggling with deliveries because of increased online shopping. fedex typically has a 95% on time delivery rate...ups 97%. shipmatrix put them at 91% in the week after black friday and cyber monday. u-p-s is looking to avoid the delays of christmas 2013 when its system was so overloaded it couldn't deliver everything on time. the company does admit to some delays ... but insists the vast majority of their customers have received their packages as promised. saying: "our operations effectively reacted to higher than expected volumes and this will continue as we progress through our peak shipping period." its rival fed ex says it too is experiencing a record number of holiday shipments due to the steady rise in e-commerce. but promises: "...our dedicated

adobe collected data showing we spent just over orders monday. that smashes a record set just days earlier on black friday. toys and electronics proved to be big cyber monday sellers. the barbie dream lego dimensions. volkswagen says its u-s sales plunged 25 percent last month from the same period last year. the drop came as volkswagen struggles to come to terms with a growing emissions scandal. the german aomaker has admitted that as many as eleven million diesel cars worldwide contained software that could cheat emissions tests. since the scandal broke, v-w has replaced its c-e-o and offered 500- dollar cash payments to people affected in the u-s. small family vacuum business in dubuque is expanding, and it's all thanks to the family's two sons. we'll explain how they're now also helping families who have loved ones with autism, next on t-v ninene and the first alert storm team will feature the colors of christmas across eastern iowa. cong up, we'll explainho built this display in northweststowa. stay with yourr 24 hour a product that almost ev

(matt) according to adobe digital index, cyber monday sales topped a record $3 billion. that's on top of the $8 billion spent on cyber sales sincece thanksgivivi. traffic was so heavy on some retail websites they created technical problems. the top cyber monday sales items.... samsung 4k spicing up the holidays: straight ahead in centsable health a quick and easy snack for your seasonal get togethers. << s- "we're going nuts in this << s- "we're going nuts in this week's centsable health. fareway foods registered dietitian whitney packebush joining us with more." w- "yes, we are making spicece nuts totoy, so these are really great if you are going to a party, or, you know you do any baking at home, this is a really big time for people to bake at home and make different things. so we are making..." s- "can i start eating them because they look good." w- "yes. we are making a savory one today. you'll also find these candied or sweet with a lot of sugar, so, i kept my seasonings actually pretty minimal here, with just about two or three things, so you can add whatever r lse

i have no complaints about my adobe. never use it as it is. but, here's the most dangerous thing about trump -- he's shifting the boundaries of what's considerable accessible in american politics. religious immigration ban now. but, remember just a few weeks ago ted cruz and jeb bush were also calling for religious tests for syrian refugees. a plan that's also discriminatory. but, now looks almost reasonable compared to trump. in fact, jeb's plan was so crazy, he couldn't even find words to explain how it would work. >> so, what's your focus on what christian families actually look like? >> you're a christian. i mean, you can prove you're a christian. >> how? >> i think you can prove it. if you can't prove it, then, you know -- [ laughter ] >> seth: you know, like, you -- you say to them, if you're a christian, finish this sentence. on the first day of christmas my true love gave to me oh, i know this one, i know this one. a parrot. [ laughter ] get out! now obviously trump's plan is more thought-out than bush's. on "morning joe" trump discuss

data collected by adobe says just over three billion dollars in online orders were made monday. smashing a record set this past black friday. i-b-m says customers spent an average of 124 dollars on cyber monday purchases. toys and elececonics were said to be big cyber mondaysellers. tim: and if you did order somethinthis past cyber monday, you'll probably soon be expecting a package on your doorstep. each year a spike in mail theft occurs around the holidays, but here are some tips for you to protect your parcels the u-s postal inspectors suggest to avoid sending cash by mail, use a check or money order for a safe alternative. also don't leave mail unattended, especicily overnight. it's never a bad idea to use packages and always report any suspicious activity/ coming up the recent snowfall made seratoma park the place to be after school today, we'll catch up with kiddo's who broke out their sleds today after the break... (fred) the snow will end, but the wind will not. there is sunshine ahead, though! your forecast is next! tim: wahhhhhhhwoooooo oweee!!!! children both young an

one winner is adobe systems. are higher after to the top fourth-quarter profit estimates as a sign of new customers for their cloud-based services. lots of raised price targets out there. ross mcmillan now has a street , suggesting a 112 good move higher by 17%. caution. shares are trading relatively expensive to the cost. they are priced to perfection. turning to a stock going the other way or down is jetblue. shares her office oil falls today. the company said their fourth quarter is down 2%-3% year-over-year. this is a message of unit revenue per passenger. technically something important is happening. it has helped us one of a moving average beautifully over the last year, more than a year. currently shares are below that level of support for the first time since august. shares closed above the 100 a moving average that day. the last time we saw that was october of 2014. ofremendous period volatility for stocks in the u.s. and abroad. it will be important to see were they close at 4:00 p.m. in new york. betty

the city of las vegas completed the restoration of an historic adobe hut inside floyd lamb park at tule springs. the 98-thousand dollar project was funded by grants from the nevada state commission for cultural centers and historic preservation, and the commission for the las vegas centennial the hut is the only surviving building at the park from the early 1900s, and one structures of its type in the las vegas valley. before we go... here's a look at what's coming up later on abc in primetime... at 8 -- fresh off the boat at 8:30 -- the muppets at 9 -- a two-hour special looking back at 2015 at 11 -- action news that's our news for now.. but stay with us for abc's world news up next. we'll see you back here in 30-minutes for action news... live at 6. until then.. thanks for watching and have a great evening. < > sot: "if there wasn't for some beating on our door we would >>> tonight, the fallout. what donald trump said about hillary clinton. some arguing, trump went too far with the words he used in his >> she got [ bleep ].

and brick and mortar stores also did well despite the focus on, online shopping monday as adobe said that their sales were up by 18% compared to a year earlier. auto sales were up big time in november. edmunds.com thinks that a lot of those deals on black friday could push it to a record level of sales in the u.s. fiat chrysler saw strong sales led by jeep. ford f pickups were a main seller. all other companies are reporting sales throughout the day. stock market off to a good start this morning. so far, dow up by almost 130 points. nasdaq up by 30. and the s&p is gaining 15. frank and michelle, back to you. >> we like your numbers, okay, thank you, jason brooks from kcbs news. >>> parent a popular learning toy could compromise your privacy when an app was breached. kids names, birthdays and addresses were accessed and photos. parents, keep a close eye on what your children put on the app. >>> police records show the suspect in a deadly attack at a colorado springs the planned parenthood clinic was runs arrested for sexual assault. in 1992 a woman caused robert lewis dear of assaulti

data from adobe shows on-line sales have actually been strong since thanksgiving.. with shoppers spending more than 7-billion on-line from thursday through the weekend - up dramatically over last year.. about a third placing orders from their mobile devices.. (sound myra jackson - online shopper:38-:40) "i can't remember the last time i went in a mall." (sound tom fennelly - portland, or :50-:52) "it's ease of use." it comes to cyber monday.. tv's.. smart phones.. tablets.. and computers will account for a bout 75- percent of all on-line sales today.. we asked you earlier tonight if you were shopping on cyber monday. here are the results from our poll. 43 percent of you said no, in cyber monday and you wait until the last minute to do your shopping. 38 percent of you said yes, you are participating and just finished all of your shopping. 14 percent of you said no cyber monday for you because you went on black friday. and 5 percent of you said you're donating all your money to charity this year. still to come.... a critical vote for an oil pipeline that's poised to s

shoppers were pointing, shopping and clicking and adobe index says a record $3 billion was spent online and $11 billion has been spent since thanksgiving. overwhelmed target site as it was offering 15% off of everything and shipped items out of stock. the top sellers, samsung 4ktvs and lego star wars toys. nearly half of all u.s. households now only use cell phones. data from the cdc says only 8% have just landlines. a decade ago only 3% used cell phones. more than half will be wireless only and younger people rely more on wireless. 71% only use cell phones. sam and laura back to you. >> we'll have to look up landline in a dictionary. >>> comes more than a year after he asked workers to check on the oil and gas potential of governor brown's family ranch. steve bowlen is stepping down as geothermal are resources. the announcement does not give a reason other than he is going back to a job. comes after only 17 months as california's chief oil regulator. >>> reporters this morning are going over the largest batch yet of hillary clinton's e-mails. the state department just released 7,800 mo

. >> reporter: according to adobe, just today, 125 million visits online and on track to hit $3 billion in sales, 12% more than last year. and one-third of those purchases made on smartphones and tablets. >> it's more convenient. it's right there. you could pull up an app and shop however you want. >> it is like an instant sale. >> reporter: amazon expects to sell over 500 items per second today. this facility alone will ship 1 million packages out its doors. when shopping online, experts say here is how to keep your personal information safe. use prepaid credit or debit cards just for shopping that can be thrown away afterwards. avoid public wi-fi spots which may not be secure. when entering personal information on a website, make sure there is an "s" at the end of the http to ensure your information is encrypted. at the amazon warehouse, every package is precious to jaylen jones. how does it feel today? busier than ever? >> yes, very busy. >> reporter: as americans revolutionize the holiday shopping tradition. >> definitely got to get the bow right. >> reporter: olivia sterns, nbc new

adobe set $3 bill i don't believe spent on line. about 11 billion since thanksgiving. heavy web traffic overwhelmed target's site offering 15% off everything and several other retailers showed items out of stock. the top sellers, samsung tv's and lego star wars toys. on wall street investors helped the rally early, futures higher this morning, stocks ending november with a womimper. we get data on manufacturing and construction spending, the dow falling 78 to 17720, the nasdaq down 19 to 5109. back over to you. >> landon, thanks. >>> 5:23. chain restaurants in new york city have to start marking menu items that carry a high salt content. a salt shaker symbol will point out choices that contain more than a teaspoon of sodium. they hope it will urge diners to cut back on salt. too much is linked to high blood pressure. >> umbrellas going up this morning and you'll need to keep one nearby. not only today, we're looking at rain that will continue into tomorrow. right now it is a dreary view, what we can see of center city. that's the view from the adventure aquarium. no pr

data collected by adobe says consumers spent $3 billion. the popular toys the barbie dream house and of course star wars legos. stocks saw gains yesterday with the dow headed up 168 points and futures are pointing to more gains at the opening bell. >>> some are speculating the next iphone could come without a jack forehead phones. cnn reports that it might make the device nearly 50 percent thinner and would force people to use bluetooth earphones. apple has not commented on the chatter. >> always looking for a way to force you to buy something new. >>> 4:47. still ahead president obama's plans for climate change get a cold reception on capitol hill. >> exploding hoverboard. hear from a man who claims his brand new scooter went up in flames next. and 2016 fusion and escape. plus 1,000 dollars holiday bonus cash on 2015 focus and 2016 fusion and escape. it's the best gift ever. now during the ford holiday sales event get 0% financing for 60 months plus 1,000 dollars holiday bonus cash on select vehicles. see your local ford dealer. dear fello

. >>> well, cyber monday sales topped $3 billion for the first time, that according to adobe's digital index. that was 16% more than last year and well above expectations. of those online purchases, a record number were made using mobile devices like smartphones or tablets. but with online shopping growing exponentially, so is the number of packages arriving at apartment houses across the country this holiday season. landlords struggling to handle it all. and some are using high-tech and some are just plain refusing to handle any of it! one thing we know for sure is that the problem will only get more acute. diana olick looks at the latest solutions. >> reporter: barely two days after cyber monday, retail's little helpers are rolling in. santa's sleigh's got nothing on u.p.s. and fedex this year, and apartment landlords like monogram residential trust are struggling under the weight of it all. >> our portfolio, which is 11,000 units in operation right now and 4,000 under development, we have this year estimated 300,000 packages coming in. it's become a real challenge for the industry o

adobe has crunched the online numbers and say average donations double on that day.ighest in online giving, eight times higher than on an average day. >>> amazon has released a video of its latest drone prototype. the onlike retailer hopes it will deploy the drone as part of its prime air service using the unmanned aerial devices to deliver packages in under 30 minutes. they ply under 400 feet and use technology to get around possible obstacles during flight. the drones can carry packages up to five pounds. we'll see. >> yeah. i'm waiting for pizza delivery though. >> there you go. >> that would be perfect. >> okay, thank you. >>> speaking of trying to stay hot and warm out there it's chilly out there. >> dan and cheryl, i'm not leaving the studio or the office without the gloves and scarves and a jacket. right now out here there isn't much wind, but that's all going to change as the storm comes in later hon this week. live doppler, talk about the current system. not doing a whole lot other than producing a few more sprinkles between pescadero and the santa cruz moun

we're looking at probably $3 billion in sales according to adobe digital. now, if we get there, it will be the largest online day of shopping ever. we have some early results from midnight until 10:00 a.m., it was pretty amazing. 50 million visits to 4,500 web sites in the u.s. those online shoppers spent about $500 million. that's about 14% up from a year ago in the same time horizon. these numbers are going to get bigger. >> pelley: are we going to get to a point where more people will shop online than in a store? >> i think eventually, but today absolutely not. if you look at recent data from the commerce department, we know online sales account for somewhere in the vicinity of 15%, 16% of total sales. maybe we'll drift up to closer to 20%. but, you know, for now, people still want to be in a physical location and spend their dollars there. >> pelley: i understand some of the retailers couldn't handle the traffic today. >> reporter: yeah, this was pretty wild because outages at very big retailers like nordstrom, victoria's secret, target this morning, pa

adobe saying mobile sales are up over 26% this season, accounting for 37% of all online shopping. as more shoppers phone it in. for "nightly business report," i'm mary thompson in manhattan. >>> meanwhile, the economy doing better, are consumers making more donations this year? patrick rooney, associate dean for academic affairs at indiana university's lilly family school of philanthropy. good to have you with us. last year americans gave something like $58 billion, three-quarters of which came from individuals. do you expect that number to be up this year and how tied is giving to the fate of the economy and the stock market? >> yeah, we think that the economy is very important player in overall giving because people give generously out of their incomes every year and the more incomes they have and the more wealth they have, the more they are likely to give and the bigger gifts they're likely to make. each year we see increases and decreases as we see with the business cycle. we're hoping giving will increase next year. >> are people being more discerning in terms of where they g

data from adobe shows online sales have been strong since thanksgiving. shoppers spent about $11 billion online from thanksgiving through today. that's a 15% increase compared to last year. electronics are still king when it comes to cyber monday. accounting for about 75% of all of the online sales today. >>> we have a day for giving thanks. another two days for shopping deals. and now giving tuesday is coming tomorrow. it's about just that. giving back. here are a few tips before you donate. find out how much of your donation goes to the charity itself. watch out for fake charities, and never give cash. write a check or pay with a credit card. >>> new york city is taking on salt. starting tomorrow, restaurant chains have to warn people about high items with a lot of sodium in them. it's a first of its kind ruling. this picture has to be placed next to any food item with more than 2300 milligrams, or about a teaspoon of sodium. most americans take in about a teaspoon and a half a day. excess salt is linked to high blood pressure and heart disease. new yor

and adobe investors on cloud nine in after-hours trading after reporting profits that topped estimatesily: do not miss advertising magnate, sir martin sorrell. similar web is buying quettra. >> you are buying them, why? >> we found an amazing thing that seemed impressive. technology we were looking for for a long time. they have amazing ability to understand the mobile audience. this is something we were lacking. we solve the team and what they built. we were impressed. we decided to talk with them. there is a good match. we decided to join forces and built together. guest: they are backed by google ventures. >> it wasn't cheap. >> how much was it? >> close to $10 million deal. if the company is in the early stage, they raise money not long ago. they released it that long ago. once we saw them and told them about our vision, and we felt similar to what they are planning, we understand the vision, it is going to be something truly amazing. >> was it a shortcut to get technology might have developed yourself? was that the reason behind it? >> it is true but the thing that is more than th

you saw the successful transition of adobe, a turnaround of a stock that went from 47 to 19 to 95. then focusing on two significant assets and splitting them. so we know this is possible, and i think we should continue to root for its success. cory: thank you as well for your time. dan will stay with us a little longer. the number of users of mobile phones topping one billion in india. the only other across that market is china. it's also the only other country that has a billion people. more than a dozen phone operators are fighting for customers and driving down prices. it's been a tough year for media stocks. everyone starting to raise the white flag. and star wars, pushing this year's box office record to a massive number we have never seen before. that story next on "bloomberg west." ♪ cory: a record year at the box office thanks to blockbusters. beating the record set in 2013. walt disney and comcast and universal pictures were the big winners, sharing almost half of the year's spoils. universal had $2.55 billion according to box office mojo. real consequences of cord cutting

retailing.data collected by adobe says just over three billion dollars in online orders were made monday.that smashes a record set just days earlier on black friday.i-b-m says customererspent an cyber monday purchases.the biggest seller for cyber monday was toys and electronics.among the more popular toys -- the barbie dream house, shopkins toys,s, stst wars lego sets and lego dimensions. its been a good year for car companies. companies.the u-s auto industry is on track to hit record sales for the year. sales forecasts are expecteded to top one-point-three million dollars in november alone.that would bring the yearly total to more than 15-million vehicles..general motors -- ford -- fiat chrysler and toyota all posted improved monthly sales compared to the year before. ford is bringing new jobs to its truck plant in louisville -- kentucky. kentucky.the automaker says it will add two-thousand jobs to the plant as part of a one-point-three billion dollar investment to build its next generation of super duty trucks.the new truck will be made of aluminum to cut weight and improve fuel economy.the

adobe digital index says a record $3 billion was spent online. about $11 billion has been spent since thanksgiving. several retail sites showed items out of stock. the top sellers sam bunk 4k tvs, and lego star wars toys. automakers report november sales and they're expected to top 18 million vehicles for the third straight month which would be the first time that's ever happened. sales were likely boosted last month by the earlier launch of year-end promotions and low gas prices. and nearly half of all u.s. households now only use cell phones. data from the cdc shows only 8% have just land lines. a decade ago a mere 3% of households used only cell phones. given that trend, the cdc predicts more than half will be wireless in the next year, shiba. >> i can't give up my land line. so sorry. thank you. >>> just ahead here, the latest on the winter storm slamming the upper midwest. but first, indiana jones fans listen up, during an interview with a french radio station steven spielberg hinted at a new adventure featuring the fictional archaeologist.

we need answers, krichciena. >> now, adobe, it is more of a cloud company. when they put out the number, don't sell it from the headlines. people make a mistake every time. >> what's on "mad" tonight? >> we have a company that went private from public and is doing pretty great. dave and busters. i remember when we used to go and she used to play the claw. >> she never got one? >> three in a row. it was the greatest day ever, probably hyper bull as you would say. >> hyperbole. >> i don't know if you use post mates. they will deliver whatever you want. >> it makes me feel like i'm a pharaoh. >> bring it to me. yule brenner. occasionally, i try to see a little musical theater. >> if you go to walmart with me, it is much more exciting. i am a merk. >> no americans ever come to see broadway when they come to new york, no, never. >> i'm part of the culture, part of 100 million strong. >> putting on a little show at walmart wherever you go? >> i am going to be in the aisles dancing. >> scaring little kids. >> i'm going to get remarried there. >> the nasdaq presiden

reporting -- adobe reporting earnings after the bell. ♪ betty: welcome back to "bloomberg markets."t week, the federal reserve will make its decision on whether to like interest rates for the first time in a decade. spoke toberg a guest about the decision policymakers face. two things that the markets hate our uncertainty and surprise. i think that is why you have seen the speculating. i thought the janet yellen was fairly transparent. i saw her speaking at the economic forum of new york where -- quiteuite confident clear saying she was not quite confident the recovery was real. i felt like she was messaging it then, and that is what we see today. so, the market, i think, expects a very moderate move next week and i think she's so much is said that about a week ago. does the market have unrealistic expectations? can they demand certainty? that is not janet yellen's job. carla: it's not necessarily her job alone, but whether it is company forecasting or telling thererket what to expect, is a measure of delivering what you said you were going to do. or doing better than that. tha

adobe systems. they topped its fourth-quarter profit estimates. lots of price targets were raised.s are trading at a significant premium. you could say that the stock's price to perfection. turning to another big winner, whole foods markets, the stock the quarter was tracking above expectations. they are heading out of negative territory. it is one of the top performers through this week at the nasdaq up 14%. betty: thank you so much. abigail doolittle at the nasdaq. oil prices are extending their freefall. after warning that the supply of crude could worsen. breaking 36 a barrel. falling to a seven-year low. let's talk about this intense decline. in an independent firm. he was the first economist to write extensively on the u.s. emerging as an energy exporter. good to have you joining us from san francisco. phil: it is good to join you. i have seen you many times. betty: quite a resume you bring. has the entire structure broken down for oil, where do we go? phil: two things have happened. the first is the oil exporting countries, saudi arabia and so on have lost control of the mar