we're going to talk with target ceo brian cornell.e ringing the bell at the big board this morning. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> you're watching cnbc "squawk on the street." we're live from the financial capital of the world. the opening bell's going to be ringing about a minute and a half from now. mike, i'm going to give you an opportunity here. usually at this time i turn to my colleague cramer and ask him what the key to this market is. >> yeah. >> but i think you're in a position to share similar insights. >> i may not have been building up a head of steam as much as jim by the time in this hour, but i think the yield story continues to dominate. so you have this upward trend in u.s. treasury yields compl

>> i think it's a great idea. >> find brian cornell! >> it was free! >> we should get a tight shot of brian's face so people know this is what he looks like! that is great! >> he'll be at a number of stores. >> i will be on thanksgiving day. >> thanks to you employees. >> if your thanksgiving meal, is it a recipe for health problems? dr. david agus is in the toyota green room to explain how turkey with all of the trimmings and dessert and drink may all affect your body. our resident cartoonist liza o'donnell is here. she recently drew all of this. it's all ahead of the big day tomorrow. liza's work and tap on the photos to listen to the stories behind these images. >> i like that idea. mastering irresistibly smooth. the lindor truffle ... from the lindt master chocolatiers. hard outer shell... smooth, luscious center. unwrap. unwind. with the lindor truffle. from the lindt master chocolatiers i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatme

. >>> coming up on "cbs this morning," target ceo brian cornell, as retailers gear up for black friday >>> but still ahead, a class of heroes. we will show you this year's honorees for the presidential medal of freedom. >> extraordinary americans who have lifted our spirits, strengthened our union, pushed us towards progress. gia, i kept on top of things. i was a doer. then the chronic, widespread pain slowed me down. my doctor said moving more helps ease fibromyalgia pain. she also prescribed lyrica. for some, lyrica can significantly relieve fibromyalgia pain and improve function, so i feel better. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling, or blurry vision. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't drive or use machinery until you know how lyrica affects you. those who have had a dru

brian cornell is target ceo. welcome back to the table. >> good to be back. >> just illuminate this idea of why some choose not to and some choose to stay open? >> we spend a lot of time talking to our guests, the shoppers who come to target and we listen to them really carefully and they told us they enjoy the experience. so we'll open up at 6:00 p.m. last year we had millions of and we expect the same experience this year. >> from 6:00 p.m. to when? >> all night long. it is a big event. we see families turn out, we see brothers and sisters kind of reuniting in our stores. we try to meet their needs. >> other than high volume shopping and what that does to your bottom line, is it a time at thanksgiving in a sense to test out new ideas, to be able to see if you can penetrate the online market that amazon does so well at? really important to us. and we have been investing for years to build out our capabilities. it is a combination of a great store experience, and a great digital experience and bringing those toge

joining us for the new york stock exchange is the chairman and ceo of target, brian cornell. have you had any sleep since you open the doors? guest: not a lot. we are making sure we are getting to a great start this holiday season. >> any concerns online is cannibalizing from cyber monday? guest: we want to make it sure -- make sure it is easy for our guests to shop. it turned out to be the biggest day in our company's history. we think it is a combination of a great in-store experience. vonnie: he also offer things like free shipping to keep up with the likes of amazon. how much are your margins getting squeezed? slipped to 28.5%. >> we saw an 80 basis point improvement. a really strong mixed management. as we continue to grow categories like apparel, growth in our home category. that works well from a margin standpoint. have over 100 stores. over 1000.e have stores are conveniently located in neighborhoods. we think we are well positioned to meet the consumer needs. vonnie: at a time when retailers are closing brick-and-mortar branches you are opening them. what is behind t

target's c-e-o brian cornell joins us, coming up on cbs this morning.)) /// ((kirsten joyce)) switch to centurylink and get up to 40 megs of high-speed internet for just $20 a month. that's the speed you need to stream... ...game... ...connect on social media... learn, shop and more with fast in-home wifi. so call 844-560-link. get up to 40 megs of high-speed internet for just $20 a month for one year when bundled with a qualifying home phone plan and autopay. speed may not be available in your area. call today. of the week. we have to introduce you to this sweetheart named sid. thank you for being here once again jovie. sid is so lovable... he will not stop going after people and say, "rub my belly! rub my belly!" how old is sid? jovie/animal n he's a beagle mix. and we just learned he's on basic commands. ((kirsten joyce)) >> oh, that is fantastic! he's got that down, so he's just ready to be part of someone's family isn't he? yeah... aww, sid.. you're a lover. and look he's got this bandana... he likes star wars of course. oh, you are a lover, yes you are! so, you better hurry up

target ceo brian cornell says the u.s. strong and that means it's a great time to be a retailer. he also classified that whooes seen in stores so far as strong. he likes what he's seen also online hitting some records there for target. thanksgiving day is target's best day ever on its website. traffic and sales up double digits. so some good news there. hover boards selling out. the $10 teddy bear selling out at target. apple products and hoover vacuums also among the best sellers. here at the mall in dayton, ohio, i've seen a number of victoria's secret pink bags and a lot of starbucks cups. that is another retailer measure we look at on a day like black friday. the number of people that are hitting those restaurants and those fast food places to fuel up along the way. they get a nice bump on black friday too. back to you all in new york. >> thanks, courtney. if you are out shopping today, tweet us pictures of the crowds @squawkcnbc. how are the big box retailers doing? what about the walmarts, the targets of the world? >

earlier we spoke with targets ceo, brian cornell. >> we want to make sure it's easy for our guests toop our brand anyway they want. yesterday was a big digital day, the biggest day in company history. vonnie: according to the research for market tracking, targets and grudge -- average price cut grew from 36% to 38% this year. that is your bloomberg business flash for this hour. onming up, shares of acteli are soaring on rumors of a takeover. this is bloomberg. ♪ nejra: live from london, i'm a wrench a rich counting you down to the european close. -- nejra cehic, can you down to the european close. vonnie: i'm vonnie quinn. actes of swiss drugmaker lion after johnson & johnson approach the company for a possible takeover. joining us is one of the reporters who broke this story. many well, give us the latest -- manuel, give us the latest. manuel: they confirmed this just moments ago. we did a story yesterday evening, it's really fantastic. one of the most successful biotech companies in europe, the biggest one. they just received another approach. ofs been a long story back-and-forth wi

brian cornell, the ceo of target did say that 90% of people still like to shop in brick and mortar.e also said that he's ago not tick. when i here that agnostic talk, i say that's not good, i say let those real estate investment trust come in. but the utilities? many of the utilities that we spend a lot of time with on "mad money" are trying to keep their coal plants in compliance only to find the rules keep changing, and they have to sink every more money into making them agreeable to an epa that keeps moving the goal post-. but what happens if trump staffs the epa with people who are pro coal? then i think a company like american electric power, stock that we own for my charitable trust, could end up giving shareholders a much better than expected return. and don't overlook the very well run dominion resources, a growth utility that can rest easy on coal too if the epa decides it's not a priority anymore. let's not forget the phone companies. look at those moves in verizon and at&t. they're not idle. that is a real rebound, and their yields remain juice, and they've not hurt thems

earlier this morning we spoke to brian cornell on the company's holiday outlook.y spoke about e-commerce trends, grocery and even donald trump. take a listen. >> from a digital standpoint, turned out to be the biggest day in our company history. so from an online standpoint, lots of visits to our site, great traffic, we saw double-digit increases in sales. and we expect that to translate into a really positive holiday season. so it's day one, we're off and running. but first day indicates we've hot got a really good plan in place and against our shoppers reacting to it. >> interesting you mentioned digital so quickly. of course when we talk about traffic, i mean, it's off a small base but growing quickly. up 26% in q 3. is that growth rate going to continue to increase? >> we want to continue to drive sales both online and in store. so for us, the magic is really making sure we provide a great experience no matter how you want to shop. so whether it's in one of our stores and we've got to create a great experience there, if you're shopping online, it has to be rea

vonnie: that is what brian cornell was saying this morning. we will see. lindsey rupp, thank you.till ahead, opec is scrambling to work at its squabbles before their next meeting indiana. what happens to oil if a deal is not done? this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. the journey to an opec deal is hitting another speed bump. saudi arabia pulled out of talks with russia and other non-opec nations about how to share the burden of a supply cut. that is the sticking point. on top of that, disagreements within the cartel with both iran and iraq not 100% sold on cutting production. joining us now is the managing editor for energy and commodities in the americas, tina davis. what a mess. we knew this was going to be the case. saudi arabia deciding it will not talk to -- does this have any location for a final deal? >> it has been a game of whack a mole running up to this meeting. two months ago they agreed in terry to a cut. now the details of who will do what have been causing a lot of speed bumps. saudi arabia making this decision now that they ar

we had brian cornell here on friday talking to him and target is agnostic.don't care where you're buying it from or how you're buying it as long as you're buying it. >> it's working for a lot of these companies. they've spent a lot of money and it is working. still 90% of people shop in stores, but i think best buy had a good christmas, i think target had a good one. i know from my friend who writes for the street jc penney had an excellent one. i can't believe how many people lined up at a jc penney in order to buy the shirts that they have their own private label. >> yeah, we're going to get pvh earnings this week. this is all depending on whether or not store rationalization is taking place. >> well, if we had that -- look, we need to see -- i defer to my better half colleague who does all the reporting here and much more neutral in politics, please, where are the retail mergers? >> it's going to be an interesting four years for you, isn't it? but i will come visit you when you're in jail. maybe you'll come visit me. >> community protect journalists -- >>

. >> that from target ceo brian cornell who was on with us earlier at the post nine.facilitated by the majority that's been achieved by the republicans in both the senate and the house that will allow a lot of these programs to go through. theoretically. >> it's a great buy. a lot of people are -- that's still kind of perculating. it's undeniable when you look at what happened across the state level, even on the national level, and both chambers of congress, that underpinning is what perhaps more than anything made the market wake up the next morning and go, wow, something big just happens here. >> people are craving this growth. >> the dow is on track to post its eighth record close perhaps anticipating all of this. since then the index up 5%. the nasdaq has gained more than 4%. the s&p up almost 4% itself. >> this is a big question, and joining us with our picks are mark and -- and reverend luna. wealth management. give under the circumstances some places to look here. >> both of the subsectors of the market are up 15% to 20% post-election, and i think they've gotte

congratulations to brian cornell for really putting the number out there. give a guy credit.you like credit? >> and sustainable too on target, do you think? >> do i think target's sustainable? we'll see what walmart says tomorrow. if walmart says retail's not good, but i think target took some share and not just from sears. >> yeah. that e-commerce that's the fastest growth rate year on year since the fourth quarter of last year. >> a lot of things you put in place were investments. people didn't like the investments but now they're panning out. i remember the cvs short call really did get more hedge funds, boy, hedge funds, we're going to have to do something. maybe some sort of, i don't know, charity thing. >> jim, what's on mad tonight? >> okay. i've got chegg, which almost doubled, dan rosenweig, and wix, which is how you make your website. if you want a website you want to make it look professional, you hire wix. you want an amateur website, be my guest. i got to go take some names down cramer building. bar san miguel, just going to make it ar san miguel. no? >> no. >> w

brian cornell, target ceo and chairman, on what his company is expecting from the holiday sales seasones at 10:00 a.m. eastern and three clock p.m. in london. the united states and wall street getting back to work for half a day of trading with equities at all-time highs. features might get another record. the s&p 500 up five points. from new york, this is bloomberg. ♪ ♪ jonathan: good morning and welcome to "bloomberg daybreak: americas." withransatlantic daybreak jonathan ferro in new york and in london. david westin and alix steel are away today. futures signal there might be more to come. 58 points on the dow. positive almost five points on the s&p 500 as wall street returns for half a day trading at these. again.re higher once very close to 2016 highs. king dollar showing a day of weakness so far in the g 10 space with the dollar-yen back at 113. nejra: here's what you need to know at this hour on "bloomberg daybreak: americas." draghi's dilemma. the ecb might not make a call on its bond buying program until early next year. the ecb governor tells bloomberg is too early to discuss

i know the amazon factor is very big, but 90% of people as brian cornell said in that excellent conferenceck and mortar. >> well, an upgrade of anf. best buy has managed to survive and flourish. >> there's a great example of what i'm talking about. the best buy conference call was superb. you got a sense that people are really shopping again, and they're shopping for mobile phon phones. best buy quarter was excellent. children's place quarter was excellent. these are really good quarters that i'm talking about. >> let's get to the opening bell here and a look at the s&p at the bottom of your screen. at the big board it's xo group owner of the wedding planning site theknot.com. >> i don't know. people find out proposal, it's new. it's like singles day. it's like combine day. david, remember singles day? this is the proposal here. >> over at the nasdaq it's wsfs, the financial corporation celebrating its 30th listing anniversary. guess there's some proposals around christmas time and holidays. >> i guess so. i don't know. guess so. i'm not that close to that situation. couple of interesting

brian cornell has done a lot of things particularly in apparel getting it right. think that what you're going to try to figure out and i'm trying to figure out is how much of it is from walmart, dollar stores, how much is retake? this was a good quarter. and i felt from cvs, which is in there, that it would not be a good quarter. this is a nice surprise. a lot of people shorted after the cvs call. >> jim, you going to eat a mcrib? i don't like those. >> i don't know. i got to tell you i love listening to sam zell. every single night, sam, people are saying the same thing. and these are democrats saying it to me. they're saying it feels better going out more. and these are ceos. sam, i got to tell you i didn't sense it could happen, but it's what i'm hearing. >> it's true. it's changed the overall attitude. and the election of donald trump hard as it is to believe is created optimism. we've had eight years of no optimism. that's critical. >> i'm getting it from people. you know, sam, look, you're -- i've seen much more life than i have, but i'm hearing from people

then at 184, brian cristion for six points. cornell wins the outdoor meet, 27-15. from mount vernon, josh christensen tv9 sports. and finally it's time for another edition of the kcrg tv-9 athlete of the week sponsored by cedar rapids toyota. what a way to start your high school athletic career, center urbana freshman adrianna katcher led from wire to wire to win the class 3a cross country championship with state title as just a freshman? it was amazing i can definitely grow from this it's just the beginning of my high school career. does that give you pressure to win three more? a lot of people think i will. she is very fast but i think it's a dedication in the off-season and she's extremely competitive. what do you enjoy about running? running isn't the best thing to do it's not always fun because it hurts but environments to be in the crowds are really nice there is no arguments because everybody gets playing time.you are a four sport athlete right yes how do you maintain all that and school and get it all done? it's definitely hard but i've had to do that like