time for business news with stephen carroll.ou are starting with the biggest day for online shopping, single day in china. >> it was sort of an anti-valentine's day in china, by made into a retail event alibaba in 2009. this is the most successful one yet, and the latest figures show that $10 billion had been sent the first 12 hours of singles day. there are still a few hours left. we have not had an update for the past six or seven hours. we can expect that to be even bigger. it is already a record-breaking amount, more than black friday and cyber monday put together. you're the details. >> -- here are the details. >> on singles say, not looking for dates, but bargains. alibaba made at the concept six years ago. singles could indulge themselves around the holidays. far more people are indulging online. it is the world's biggest shopping event, more than the u.s. cyber monday and black friday put together. star of the show was a few meters above the stage. a big screen showing how much selling by theis second. last year's record

and new businesses mean new jobs, they with calling for 3700 new jobs making $40,000 a year to $80,000 a year with pension and full benefits. >> it's unskilled. it's important to understand that, not everybody goes to college these days, so far the port has interest from other types of businesses, containers and auto and energy and distribution, businesses have two more weeks to submit their applications, the deadline is november 18th. >> when we are done here, we are in competition with new york and also with world ports because of what we are able to do here and export here, our relative proximity to rail and freight and to air. >> the port authority hopes to have the south port development underway by 2017. in the navy yard, eva pilgram, channel 6 "action news." >>> there is bad business news tonight, for the lehigh valley, the craft heinz company announced they are shutting down their plan in mack macungie. the closures will take place over the next one to two careers, philadelphia mayor, michael nutter, held a news conference to highlight the importance of my brothers keeper initi

business for generations. his staff are often on the road looking for new varieties and flavors. the focus is on traditional small brewers that have gone unnoticed nationwide. >> translator: our fruity scent works well with young people. >> translator: our business will dry up if we don't do anything. we're focusing on tokyo so that's why we're doing business together. >> reporter: staff are now busy setting up a website in english to reach international customers. it will offer popular items from the bar. >> translator: first, i wanted to create a casual environment for people to try saki. now i want to expand sales online worldwide. >> reporter: it may be japan's traditional drink, but younger entrepreneurs are bringing a modern spirit to the industry, one they hope will cultivate a new generation of saki lovers. nhk world, tokyo. >> that's it for business news. i'm going to leave you with the markets. >>> senior officials meet wednesday in seoul to try to overcome one of their biggest diplomatic hurdles. they'll discuss the issue of those referred to as comfort women. the prime

when we come back, we will have more news, including business news. it here. ♪ anchor: welcome back. this is "dw news." tensions remain high after turkish fighters shot down a russian military jet near the syrian border on tuesday. russia's foreign minister said it looked like a plant provocation, but that his country would not go to war with turkey. pope francis has started a three-nation to her of africa -- tour of africa. his tour will take them from kenya to uganda to the central african republic. after arriving in nairobi, he went to the presidential palace to deliver a somber message. experience shows that violence, conflict, and terrorism feed on fear, mistrust, and despair. he encouraged people to foster a spirit of solidarity. our dw correspondent is standing by for us in nairobi. what is the atmosphere like in light of the pope's visit? reporter: well, there was quite a bit of excitement earlier on when the pope arrived in the country. given that kenya has 7.8 million catholics, you can imagine there are quite a lot of people who are happy th

you can get more business news at bloomberg.com. let's head back to our markets desk.isco is the big tech story of the day after the company came up with earnings that disappointed. they had to bow back the forecast, shares down by the most in two months. the company said it was hurt by the stronger dollar but also said sales in some asian nations and orders and some asian nations were weaker because clients are concerned about demand from china. that hurting the numbers. .lso looking at f5 networks the company had an analyst day yesterday. there are limited catalysts for the stock in the wake of that. the hardware research cycle may provide some incremental growth for the company but it might not be meaningful until 2017. those it shares down by 3.5%. we've seen a lot of volatility in chip stocks recently. a lot of dealmaking. materials on the plus side today. the biggest maker of machinery that makes semiconductors. the company's forecast for the first quarter beat analyst estimates. that seems to indicate that orders for chipmakers may be improving. -- wegn in that

can always get more business news at bloomberg.com.er the l.a.gines auto show is under way and with it, the 2016 season. ford is turning his head light on the lincoln which looks to boost the lagging brand. a first on bloomberg and of course, no car conversation would be complete without the car guru matt miller joining in as well. let's start with the rollout. it is no secret that sales have -- it isd there is troubling to see how ford is not able to get the log -- the luxury market paired what will be different? >> the mkv is an important product for us and an important segment in the luxury industry. sales have been doing quite well. 2014 was a great year for us. luxury industry grew about 7%. lincoln grew 14% or we outpaced the industry to-one. ups year, our sales are 7.5%. it is an important product for us. the portfolio is doing quite well. matt: the sales growth has mostly been due to the navigator. declined about 13% for sedan. obviously, this new look should stem the decline. wheelu need to add real -- rearwheel platform. >> i

>> 160 new businesses. 160 new businesses operating in started by immigrants since last november. mollie: and they need help. the summit, you have given awards in the past, but what is it about? >> the best part about this day, we bring these business owners to gather and they can communicate with each other, but also we do seminars so it is a day of learning to move forward with their businesses. we give things -- we have a legal seminar, tax seminars, insurance seminars, social media and marketing seminars. it is another way for them to learn and go to a summit that is just focused on their businesses. mollie: and you recognize people every year that have made outstanding achievements. i know we have two this year that you will be recognizing. there is a woman, tell us a little bit about each. >> sylvia is winning the leadership award, which is coming from her nonprofit organization. she is devoting her time and energy for minority youth. really deserved that nomination. andsuku is the bankers trust president and he is winning the weson of a polish immigrant who grew up in a bro

let's get to other big business stories in the news right now. betty: there's a lot happening. o our big business flash for a big business stories today. a key figure in building his hasly's retailing business died. he worked his way up to become president of the families store and his discount offshoot target grew into a national retail chain. he was 97 years old. campbell soup is recalling three and 55,000 cans of spaghettios original in the u.s. due to a possible choking hazard. 335,000 cans. parts of the lining was found in a small number of the cans. campbell says it is food grade and not harmful if swallowed. mountain view police pulled over a google self driving car that was being tested after the police noted the car going a road clogging 24 miles per hour and realized it was actually a google autonomous vehicle. a person is required to sit behind the wheel of a self driving car. i knew that would happen. you can always get more business news at bloomberg.com. back to some of the other big stories happening in europe, mark syngenta is making headlines with takeover talks

time for all business news here with stephen carroll. you are starting with a big birthday for a european airline. stephen: that is right. easyjet has grown from its first flight to now carrying 68 million passengers a year. celebrate, the airline is unveiling a special plane and blazed with holiday photos. we spoke to the chief executive carlin mccall, about how the business has changed over the last two decades. : it has made it easy for people to get across europe within a day, roughly. it is very, very easy. what we have added to that, without customizing on the model, is that we have added in without adding cost, customer service, where our crew are fantastic, but we have used technology very well to communicate with passengers. we have elevated seating now, which you would say is not radical, but it is radical for a pre-seeding airline and our passengers love it. we are barely -- very appealing to business passengers. we do not have an extra class, but they can be on and off quickly, they have fast track security. are all things th

assumptions about what will happen to the pc long-term so our emphasis is new categories and new businesses. we have grown $400 million of new businesses outside of the pc and we don't see any end in sight. we have an incredible ray of opportunities so whatever happens to pc we'll be fine. >> and resupresumably this is a investment to your bottom line. >> we're maximizing profitability in the pc space. still innovating like crazy but with a much lower budget and moving that spending over into new stuff so we're going to stay investing at a high rate but if you look at the new businesses it's significant. >> you're talking about mobile, some home features, how do you compete? it's a crowded sector when it comes to innovation and how do you shake the image of just being accessories for the pc? >> most people that know us love our brand for its ease of use and set up and good functionality and increasingly beautiful products we're not a start up that may fail. we're not a huge company that could be bureaucratic. we're a small hungry company that consistently can create new products that some o

morean know is get business news at bloomberg.com.or more on the media, isbs scheduled for third corning -- third-quarter earnings. the company is expected to earn 80 cents per share. the bloomberg intelligence analyst joins us now from princeton with a preview of cbs. are so many things going on right now in the digital world. cbs, what will be the main questions for investors? thats is a media company is very heavily exposed to advertising. is the biggest question on everyone's mind, how are the ad growth trends and what does that mean for the tv advertising market in general. we see in niemiec tv advertisements through the first half of the year. willositive commentary restore investor confidence. they have other companies, discovery reported fairly strong was else. we will wait and see what cbs has to say as far as advertisement results are concerned. >> right. discovery is not enough to give us a sense overall of the advertising market. there was a huge media selloff in the summer, prompted somewhat by disney and comments from bo

business partners invest in your business and new orleans invests in my business both people on the streetnity, my friends, the businesses here, i mean, they want me to succeed, and you know, and in ways that are beyond just capital investments. ♪ >> it's time to answer some of your business questions so let's get our board of directors in here to help us out. amy kosper, editor-in-chief at "entrepreneur" magazine and gen gruber founder of empowered by jen gruber. our first question is getting your products to your customers. >> we've been self-distribution. how much should we pay a distributor for their services, and at what point? >> jen, you created products like the butler bag. how does he decide? >> well, i think the key question is, if you took that same amount of time and effort that you're putting towards packing boxes and shipping and all of the distribution challenges for you, would that be effective in scaling your business? usually the answer is yes. there are so many different distribution strategies it's different from the fashion industry to the food industry. i used licensi

business news for you now with steven carol. hi, steven. we'll start in the u.k. where the government is about to announce new cuts. steven: the britain prime minister will announce his four-year plan for public spending expected to include cuts of more than $10 billion euros. social care, policing and education are all thought likely to be factors but george osborne is expected to announce a increase in the british government's spending on housing. the idea is to increase the supply of affordable homes through incentives for builders among other measures. details set to be aannounced in the next half-hour in the parliament in westminister. jamie: what's been happening in the markets so far's stephen: the ftse 100 ahead of the announcement by the british prime minister is trading up by almost 1%. the trade is reporting a bit of a quieter time in the markets ahead of the thanksgiving holiday in the united states. shares of airlines and hotel groups are bouncing back after the falls we've seen in recent days in the wake of the travel warning coming from the united st

." ♪ i am erik schatzker. " acome to "bloomberg best, look at the most important business news and analysism bloomberg television around the world. the reverberations from last friday's terror attacks and paris were felt all week long. bloomberg reporters were on the scene of ground the globe as the story developed. a major concern in the wake of the attacks has been security. of whore getting an idea may have been involved and how they got into the country. all of that is going to have a big airing on what happens next. francine: how many lessons are you seeing being asked on why french intelligence and security could not stop these attacks? guy: one of the guys they have identified was under court supervision. he skipped that. a guy they had under court supervision, they lost. heard, there are so many radicalized young men and women who have been coming back from syria, it has been impossible to track them. it is a legitimate question that needs to be asked. two french resources match up to the scale of the task of a have? that comes back to the political story. elections take place next

news. of theira huge piece business, close to half of their profits.is a china story and last night they put it out that sales bumpup 5%, coming on a 6% in september. so investors saying maybe they are getting past the service -- pass the scandal. betty: was it across the board? business the biggest for them, almost 5000 in china. so they have been there since 1987. -- for pizza hut. so the 5% gain is more towards kfc and that is what people are watching, the company that was involved in the scandal, so this is good news. betty: what is going on at pizza hut? they have a big drop. >> they have not been able to get that business going, not quite as popular in china obviously as it is here, the pizza. they have not figured that out. it is not have the same effect as a kfc, that is the one to watch. betty: does it seem like it will be a sustained turnaround? >> hard to say, what they did yesterday was they looked at the forecast, moving it from flat to 4% growth, so people will watch closely to see of september and october, is that will continue through n

you can always get more business news at bloomberg.com. get caught up on all the action around the world. i want to start in asia, where se we have heard a few already. nothing groundbreaking yet. we can see the hang seng was of about 2.4%. flat there in japan. in shanghai, the composite index down 0.5%. one big story of in the region, away from the volatility, one region has been outperforming. south korea now dominating asian equity. julius our life reports from hong kong. presentthey are driving returns for korean shareholders. seven of the 10 best performance in asian equities this year are listed in south korea. they saw 968 and 699% respectively after clinching deals to sell lung cancer and diabetes treatment overseas. standout, share prices climbing more than 100% this year thanks to positive reviews for its air cushion foundation claim. another accolade to south korea, which topped the bloomberg innovation index this year. in hong kong, for bloomberg television, i am juliette saly. betty: let's head to london. mark has the latest.

you can always get more business news at bloomberg.com.itroen may not have made any claims against val jan and its report today, but others are not holding back on their view of the pharmaceutical company. richard had wii's vice chairman charlie munger made statements about valiant put the practices, calling them deeply immoral. he said the business practices remind him of the excesses of the 1960 president gauck grit -- time glom rent -- congo on rent range. our reporter joining us from seattle. what does charlie munger say valeant?lea >> he spoke a lot about valeant's practice of getting the treatments and raising prices. in addition to being the vice chairman of berkshire hathaway and one of warren buffet's longtime business partners and friends, he is also the chairman of hospital in los angeles, where he lives. he said he had seen up front what he called price gouging valeant by -- price gouging by valeant. for him, what that signaled was a littles that maybe long term would not be sustainable. he really is not a fan of their practice

you can always get more business news at bloomberg.com.carlet: julie hyman has a check on company movers starting with apple. >> exactly. interesting, she says we need to shift the thinking about apple to a services company. she is adding the factor to a conviction by list, 100 $53 per share. shares are up nearly 3% today. the company whose revenue is more recurring and more sticky than credits would give it credit for, as we see it introduced, more things like installment plans for users of the phones, televisions, music, perhaps even bundling it together, that that will cause an increase in revenue. also looking at the revenue per user. you take a look at the bloomberg terminal and you're looking at apple revenue per segment. the big orange bar really makes up the bulk of the revenue. it shows you how the company classified service is and only accounts for 8.5 of its revenue and includes5 things like apple pay and itunes. her thesis is we need two shifts in thinking. she says the average revenue per user, if you classified looking at a s

business. about let's talk acquisitions. are you going to expand into new areas? e going to stick with what we know. we have a big part in the accessory business and we have said we would like to grow that $350 billionbout over three years. with product companies and distribution companies, we are not going -- we're not growing far from what we know. betty: you mentioned currency risk -- a third of your sales are overseas. how are you factoring that in? it looks like the euro will continue to go lower and the dollar is going to continue to rise. dusty: nothing is going to get any better whatsoever. $18 billion or $20 will have towe overcome. we are going to grow at about 7% this year. without the impact of currency, we would have grown at the top line of 11% to stop our earnings are impacted by about $30 million -- $30 billion in 2015. the fed is likely to raise rates sometime next quarter and that's going to underpin this strong dollar. is that going to be an -- is that going to be a headwind for you? dusty: that is certainly a possibility. betty: how does fitness

i was the production assistant in business news at cnn business news. that must have been terrible. [ laughter ] >> did you have a cross that you carried. >> i grew up with the lou dobbs school of journalism and he was fantastic. he was dedicated to excellence. >> you got into the fabric of cnn. how did you get behind the camera. >> i studied economics and after five years at cnn business news lowe wanted to redo the whole assignment desk that would have put me back on the overnights as senior producer for the morning show. i realized i had hit ceilings at cnn. the only place i wanted to work was cnbc because they were the only one that respected business information didn't just give you the dow nasdaq. i sent the tape to cnbc. he this said we like your tape a lot. we need to you meet the president. the new president is coming in next week. weave want to set up an interview with you. that president was roger ailes. >> who is the boss here. >> yes. >> he makes lou dobbs look like the pills bury doe boy. tough guy. >> roger is amazing and i love them. >>

you can always get more business news at bloomberg.com.et's head back to our markets desk. with an oil start services company, earnings they're missing analysts' estimates even as revenue was ahead of what analysts had been anticipating. the cup and a's commentary was interesting. the ceo saying, quote, for many the major theme across the industry is survival. efforts remain focused on allocated capital, helping customers to reduce their costs, and he says the short-term outlook for the industry remains uncertain. you can see shares are down by about 2.7%. a drive bulk shipping firm reporting a wider loss than estimated. shares are taking a large hit of nearly 14%. also reporting earnings today, the media giant fire,, first quarter missing estimates. the company did say that advertising, it posted lower results. commentary that came out of the company's call seem to help the stock when the comments were made. the company said it is these high single-digit grossing 2016 domestic affiliate revenue, that it's advertising growth should improve

you can get more of that story and other business news at bloomberg.com. t's stay with the tech sector and turn to apple now, the world's most valuable company. shares giving a list today after one analyst suggested the new ipad pro could unlock $2.4 billion in extra revenue for the company. he's keeping his $150 price target, arguing the stock is undervalued thanks to their cash pile and the potential to gain more market share in smart phones and tablets. the softwaremember protocol that was supposed to revolutionize retail? after was lodged two years ago, the technology that could make it possible to get precise coupons on your phone as you shop pretty much a old. what happened? joining me now is our bloomberg reporter. you experimented with ib can when it came's out -- when it came out. what was your impression? >> i set up my phone when i walked into macy's, got a message that said welcome to macy's, walked around for a while and got another message that said welcome to macy's. it seems likeand a lot of people are getting the same sorts of experience. s

more business get news at bloomberg.com.is time to get you caught up on the action around the world. let's start in asia. was closed today but indexes around the region were up. -- indexee that the was up almost 1%. region isory of the that asian stocks had the first gain in six days. asia-pacific equity industries got there first gain in six days following the gain overnight on the s&p 500. technet was closed for a national holiday and korean bonds fell. the bank of korea will not undertake rate cuts again this year. financial directives this year announced a -- of job cuts. the shares were lowered as much as 6% on the day. the asia index closed with a quarter of 1% decline. the stocks in sydney were up 1.4% on the melbourne cup race day. betty: ok, let's head to mark barton for the latest. we're trying to extend this rally. mark: we have spent the day fluctuating between late -- between gains and losses. we're focused on corporate earnings. region's biggest lenders, let's start with this one. the biggest decline are on the

and you can always get more business news at bloomberg.com. its worst -- its worst in turn day drop in a while. julie: the largest u.s. homebuilder is trying to employ a strategy where it appeals to and itts of the market, is up after the earnings beat estimates. the companye up in grows its dividend by 28%, and the company said sales were up 23%, orders up 19%. and this is helping to lift other homebuilders, as well, in this session. you can see kb home's and others, all of them are increasing after that report from d.r. horton. is an etf thatt we used to deal with homebuilders. this is up by about 1.2%. effect from ripple it. but we should mention there is under performance this year. if you take a look at my bloomberg terminal, this is versus the s&p 500. most of the drop has been more recently. it has not recovered along with the s&p 500. the is an effect that higher rates have. we can also take a look at the valuation. the valuation for this group, we have seen the valuations go higher even as earning estimates are lower, so the upper gra

you can always get more business news at bloomberg.com. much more ahead on bloomberg. we are heading to the close this first day of the trading week. here's a look at the various sectors, including some big gains in energy and consumer staple. betty: welcome back to bloomberg markets. wall street is surging a few moments away from the closing bell. the gains in the three major indexes. french stocks were resilient after paris attacks and a trend in the financial markets. reactions have become increasingly short-lived. i want to bring in all of her renick, our bloomberg markets reporter for some perspective. increasingly short-lived in the past few years. : the worst case an area for what can happen with financial markets is when you look back at september 11 in the u.s.. that hit the financial markets -- hit the epicenter of the financial markets. really the most protracted losses as a result of a terrorist attack we have seen in the last 16 years. attacks, whether it is in london , what you typically see is a pretty sharp reaction in the equity markets and a clear neg

you can always get more business news on bloomberg.com.intense discussion is underway on fantasy for all. they are fighting to stay open in new york and will square off the state's attorney general next week. draft kings is ready for a fight. earlier today, i sat down with , and hese david boies talked about the fantasy sports fight, as well as the other large case he is on. i think a good compromise is, for example, what the massachusetts attorney general is trying to do. the massachusetts attorney general is looking at this a lot longer than the new york attorney general has been looking at it. he says there are some issues here that needs to be addressed. completely,t agree obviously, on what the massachusetts attorney general wants to do on regulation, but we realize that that is a se nsible way to approach it. betty: let's talk about other situations. you have been on the board of , why don't they just publish the data a -- board of heranos, so why t don't they just publish the data and make it public? going there are arguments back-a

prices rose for .eaworld th you can always get more business news at bloomberg.com. manufacturing contracted. stocks fell for a second day. pmi rose from a six-year low. that is still in contraction. chinese manufacturers are faced with continue pressures and weak demand from abroad. atshows some stabilization 49.8, the same as the previous month. month in was the third a row below 50. scarlet: that was bloomberg's stephen engle from hong kong. has theigail doolittle latest from the nasdaq in manhattan. abigail: it is m&a monday over at the nasdaq. we have shares of dyex. this bid can move up higher depending on the approval of a rare disorder -- rare genetic disorder drug. they're calling it a strategic fit for the company. that they'reing it calling the deal a win. web-based enough marketing services company is up sharply. represents -- endurance sees immediate and long-term benefit from the deal and 12%cts to generate 10% to for fiscal year 2016. alex and scarlet. launchedvirgin america a new nonstop flight from san francisco to honolulu. branson and david cush ar

always get more business news at bloomberg.com. it etf's are now $3 trillion in assets and account for nearly 30% of all equity trading volume. julie hyman is standing by for a deep dive. >> is a very timely deep dive. are starting to pullout money from bond etf's. he is bloomberg's etf analyst, so let's start with what is happening now. >> it is the same thing happening in bonds. , peopleseen bond yields are selling bonds. -- eople are >> i'm not saying this is another false alarm. there is a threat of a fed rate hike. expected we see a lot of money coming out at jfk. that means the investors are a little spooked. in addition, money coming out of why, -- of shy. this makes it different were money moved to the short term. partsis coming out of all of the curve. them if you look at the bond market on the longer end, we have seen people coming into the 30 year, because the fed has emphasized numbers on the table are going to be very gradual. that gradual view reflected in bond etf? >> we are seeing flows to aggregate bond etf's. they

you can always get more business news at bloomberg.com.et's go back to the markets desk for a check on some company movers. matt: interesting things happening. and with the low volume very little movement on the indexes. , a lot of people first heard about this company when gopro started having its issues and a slowing of growth. now an analyst at steve on the chris says he sees growth at , even with the decline in gopro. he says he thinks this stock is worth $115. his price target is 63 said -- $63.92 per share. bullish news on amberella. the stock rising almost 10% today. another dinner is it -- another .ainer is itc holdings it is exploring a sale. it is a five billion dollar company. when someone says they are in play, you will see in in the stock. that is what we see today. this is the best movement for itc in seven years. up 10.5%. csra will start trading separately on the stock exchange. in the s&peplace csc 500 to her david: the wave of amanda bank deals gives rolling, and fidelity national information services announced the comple

you can get more business news at bloomberg.com. hyman has a check on the company movers on this really calm day. julie: relatively so. i'm noticing some headlines coming out on verizon. reuters is reporting that the company is exploring asset sales of up to $10 million. a bump up in the shares. shares is still down on the session but a bump up, leg up on these headlines. it could be including the asset sales, the business formerly known as mci. take a look at weight watchers, stock surging after the company's latest earnings report . profit and sales topping analyst estimates. shares up 36% are incredible gain here. the company announced a partnership with oprah winfrey last month. the past order to not include the effects of that. it's already making progress, trying to shift to more of a lifestyle brand than just a weight-loss brand. , the stock up more than doubled since its ipo earlier this year. shares falling today even after pop and sales beat analyst estimates. -- profit and sales beat analyst estimates. we saw a gain in th

more business news at bloomberg.com. we check in with julie.ie: let's start with curator keurigountain -- green mountain. we are seeing a snapped back in the shares, even if it is facing issues in demand and pricing power. they have raised their dividend to 13%. this is one of the things you can look at when you see a gain like this. the absolute amount of short interest. up here is the price of the stock going down. below is the short interest ratio going higher. some shorte seeing covering as part of the gains today. one of the worst performing , thes is chesapeake energy battered oil and natural gas company. could be hit potentially by the natural gaserica's alliance is merging with its oil counterpart, the american petroleum association. what this means is that natural gas companies will not have a devoted lobbying group. their interests will be combined with that of the oil industry. chesapeake wasof a founding member of that company. with the chesapeake bonds, unsecured notes dropping to a record low. a lot of concerns about this company.

time for a check on business news. >> jill wagner joins us from the new york stock exchange and we are hearing about another down day on wall street and macy's stock took a major hit. what is behind that. >> yes, macy's stock fell 14 percent yesterday, the retailer says sales fell in the last quarter. macy's says unexpectly warm weather has fewer people buying sweaters and coats but macy's also thinks that sales will fall next year. there is some good news for shoppers, more mark downs. we will take that. they are having a new strategy way to get people in the door, they are teaming up with lens the crafters and opening up hundreds of eye glass stores inside macy's. >> i was at the mall to this past weekend and crazy sales, just putting it out there for those few watching. >>> also a national restaurant chain is banning tipping. i feel like this is becoming a trend. >> yes, that is right, joe's crab shack is the the first major national restaurant chain that is testing a in tipping policy and in most cases menu prices will go up 12 to 15 percent. staff will get a higher base pay. they

here is a look at the other business news that we're following. urging executive to prepare the economy and said that she should map out a new strategy. ey called for more investment and higher wages to revive the economy. if officials say that it fell. call out from volkswagen scandal is hurting. they sold 22 vehicle and down 48 percent from a year earlier. now the top seller of the new cars for 15 years and 2014. if the german rival or expected to come ahead this year. >> thank it. i am going to leave you with the markets. >>> a search is under way in brazil. local media say that at least 16 people were kill canned and 45 others remain missing. the damage is located and the waters washed a way down stream. they're taking nart the res crew operation approximate they say that more than 6,000 has been evacuated. it's thought that the mixture could be toxic. it's unknown and it will characterize care for the victims and environment. >>> officials at the un agency are calling for more aide in western europe. the plea was issued by the office of the hi

it ends with an image of a busy new york street. a former subway frontman will learn his fate today... "jared fogle expects to go to prison. he will do his time, he expects to get well, he expects to continue to make amends to those people whose life he has affected." 38-year-old jared fogle has pled guilty to possessing or distributing child pornography and traveling across state lines to engage in sex with minors. subway severed ties with fogle when the investigation was announced. since then... he's agreed to pay a total of 1.4-million-dollars to his 14 victims. at most, he'll serve a 12 and a half year prison sentence. and a warning from doctors this morning about what they call "social jetlag"... that refers to what happens when you change your sleep schedule regularly. researchers now say people whose sleep schedules were vastly different on their free days ... compared to work days ... were more likely to be overweight, have pre-diabetes and poor cholesterol. to avoid that, experts suggest keeping a consistent sleep schedule

business. investors don't like this news.he stock has sliced below its average is today on strong selling activity. shares are down more than 10% this month alone. betty? >> quite a drop. thank you, have -- abigail. marketsld financial rapidly changing, the ceo of the london stock exchange group says the competition, transparency, innovation and clarity are key. in addition to running one of the world's biggest stock markets they also run one of the top clearing venues for a growing index business. the ceo is here with us and erik schatzker. there are nice to have you here. welcome. let's begin with this, you believe that there will be more consolidation in your industry. the business of exchanges, the business of indexing and intellectual property around securities. what's it going to look like five years from now? think that the bulk of our customers are already global. investment banks, pension funds, they need to have global pools of liquidity and access to it. regulatory capital, clearing collateral market and management

you can always get more business news at bloomberg.com. now time to get you caught up on all the action around the world. in asia, that nikkei -- the nikkei dropped. composite in china off as well. one big story out of the region is chinese manufacturing. it came in higher in the previous months. still technically a contraction in china. stephen engle reports from hong kong. : from a six year low of 47.2 in september. that is still technically in contraction. chinese manufacturers have continued deflationary pressures and weak demand from abroad. the official manufacturing on sunday. the same as the previous month. it still was the third month in a row below 50. the official service is bmi that spanking -- that includes banking -- your. latest rally from mark? mark: that chinese data initially called the stoxx 600 to open lower. at eurozone had its own manufacturing data which unexpectedly so -- which unexpectedly accelerated. it has been a while since we talked about greece. the benchmark share index rising. the best-performing european b

more business get news at bloomberg.com.ig news in beer today, thinking ofch miller.ts rival, up for investors? joining us from princeton is can shake, an analyst with bloomberg , nllligence -- can shea list with bloomberg intelligence who covers the beer industry. do we have any hints that regulators could improve this deal? >> it seems that anheuser-busch certainly did its homework. the announcement was that it will be selling a 68% stake in miller coors. a lotk that will appease of regulators. but the second big hurdle is the shareson in china where will go to about 37%. betty: what do they do there? >> that is the million-dollar question. they are working with regulators. maybe they can come to an agreement whereby anheuser-busch can keep that share, and maybe give the majority stake to the .hinese betty: we keep hearing about how people aren't drinking as much beer as they were before. did a be really have to do this beth --abn anheuser-busch really have to do deal? regs i think it did have to increase its footprint. re

can always get more business news at bloomberg.com.ulie hyman has some check that checks on company movers. it is worth mentioning we are seeing in the biotech index, it was up nearly 1% and now up today helped in part by a company not strictly fast it is out with his earnings. another company doing well in today'session, it rose friday sharply after the fda raised questions about medications to treat a rare form of muscular dystrophy. it is developing a competing drug and is due to get the fda review conclusion in february. we are looking at a company that is rising for the second straight day as well. a trial shows us it's experimental medication to treat a type of fast-growing brain tumors, that their folks lived at least two years had a relapsed case of it. though shares rising by 13% and horizon pharmaceuticals, more of a specialty pharmaceutical company as well. said it iso notably potentially looking for acquisition targets, and there is an enormous amount of activity on that front caps off by the mammoth record settings today,

it'll focus on the and fox business news are moderating. the undercard debate starts at six... the main debate begins at 8 on fox business network. diabetes affects 29-point-one million americans.... type- one diabetes one of them... is the son of our own jeriann ritter. the story. this is big, this is our first big new obstacle it's an exciting day for this familiar face -- but with excitement always come nerves inserting the censor into his skin, getting the needle out and then it pops off... i didnt think it was gonna look like this did you rob?! this visit to blank children's hosptial means peace of mind -- something channel 13 meteorologist jerriann ritter and her husband rob haven't had since the diagnosis were used to forecasting highs and lows but these unexpected highs and lows are not fun - no radar could have predicted this... im not different. im still normal, i just have to get four shots a day about 3 months ago.... six year old luke was diagnosed with type one diabetes. several weeks prior too... he had lost weight, complained of extreme thirst and began urinatin

let's turn to more bloomberg business news and look at some of the biggest business stories in the newsight now. a new power deal could be in the pipeline. options, sale according to people with knowledge of the matter. it's still evolving and may not lead to a deal. shares rose more than 10% earlier today giving the company a market value of five -- $5.5 billion. also a potential sale that could value the company at as much as a billion dollars, according to people familiar with the matter. it will likely attract interest from private equity firms and other card processing companies. credit squeeze is extending paid toe off workers can take care for a child. the zÜrich-based lender is trying to retain and attract workers looking for more accommodating corporate culture. you can always get more business .ews at bloomberg.com more on the imf decision to add the end to the basket of reserve currencies. today's announcement by integrates aarde global economic system. our guest joins us with his take on today's decision. it seemed like it was pretty much a foregone conclusion that they woul

you can always get more business news at bloomberg.com.'s head to markets desk where julie has a check on company ubers. joe: in retail, a lot of retail earnings today, ralph lauren upped the most in a single day in 15 years, 16% gain for the company after its latest earnings report. profit beating analysts estimates. the company did a reorganization that was designed to save costs and it looks like that is working, redesigned its organization to be more globally focused rather than regionally focused. the company said in september that form gap executive stefan larson would take over from ralph lauren himself as the company's c.e.o. that is going to happen this month or i should say it happened last month. so now is having a company that is doing a little bit better and the shares reflect that. cocs is coming out with a loss that was wider than analysts had anticipated. the company said it is facing challenges in china in particular, trying to improve its distrigs network there. kate is going higher after that company's earnings topped th

you can always get more business news. came out swinging against drugmakers today.hy the companies raised the requiring them. on the scathing review of industry numbers, joining me covers health care for us, ok. let's talk about sasha and how the stocks are reacting to this. investigatesking to . down 15%. italian to is down 5%. this is not good news and subsequently, we saw basically the drug task force. saying look, we need to publicly put this out there because valeant has this huge price hike downasically, valeant went -- obviously, people are saying they will not pay much attention and that this particular congress will not particularly pay that much attention to this. one of them was a republican so there is a little concern here. betty: are they going up the ?rong alley here they opportunistically sought this out because they knew they were getting a monopoly and they could do with a want with it. let's put that aside. conference, ats least when the astros were launching, innovative jokes, they did something other drugs in the market did not do. a cure for he

time for business news with stephen carroll. megamerger with this that is ruffling states. wasfizer announced it buying allergan. sale will allow pfizer to move its headquarters to ireland, where corporate taxes are lower than the united states. list the latest in a long of companies that have used mergers to move companies abroad. >> a deal has left candidates on the campaign trail fuming. a merger between pfizer and allergan will see the u.s. --rmaceutical see pharmaceutical company move its headquarters to ireland. it has united u.s. clinical rivals. >> i am sick and tired of what we have seen with this giant pharmaceutical merger, where these companies are leaving america to cut their taxes, when they should be staying here and investing in the people. leaving.e companies we are going to bring that money back. we are not going to let pfizer leave. nobody even talks to them. the aim is to reduce tax bills. pfizer says the merger will save it to billion dollars over the next three years through paying lower taxes in ireland. delhi's 50 similar deals have been made in the

that's it for business news. i will leave you with the markets. >>> the nuclear regulation authority concluded in the assessment that the number two of the preif he can chur stands above the fault that could move in the future. the unit maybe forced to shut down permanently. japan has tough er regular liegss and other key struck ers and disasterings. the power company says that it challenges the assessment of the nuclear regulator. it compiled reports of the finding after doing on site studies. it argues that the nuclear regulator may conclude and it's not been active for many years. it will remain active. the nuclear regulation say that the extorts will study and that the regulator will talk to the people. >>> an area is the part of the planned relocation site for the marine air force station. they were found along the shoreline in the city. city officials have been studying sites on the base. the ohari preif you can chur will see if they should be recognized as cultural assets. if they are, they are will ask th

. >> that's it for the business news, and i am going leave you with the markets. >>> declared free of ebola of the world health organization. around 14,000 people there contracted the disease. the kountd eries fight against ebola is not over. they're struggling to prevent another breakfast. >> hallelujah ♪ >> people in western here gear up in the charge to celebrate the official announcement. many of them lost loved ones to ebola. the outbreak of the deadly disease lasted more than 80 months and killing more than 4,000 people. >> for those that left the families from outside country join us to fight the ebola. >> officials say that they continue to take heightened precautions in order to contain any possible reo o kurnts of the disease. after driving two hours, they chased a checkpoint. they were all checked for temperature. it geteven tighter in a bolder town. >> here at the border area the authorities are on the look for anyone that might be infected with the virus. >> in the neighboring country the disease continues. four new patients were confirmed over the border in the past few

always get more business news at bloomberg.com.c members will meet a week from today indiana to discuss oil targets and -- as inventories continue to mount across the world. iran has announced it will move production by 500,000 barrels a day. what is opec going to do? going toudi arabia is cut, yes or no? >> i think the odds are very high that the opec policy will remain in place in the near term , which means that you will have this elevated output for the for sealable future. it also means that room has to be made for -- for seeable future. also means the room has to be made for iran to put its barrels back in the marketplace. goingsaudi arabia is not to leave money on the table. >> odds are they will not. if you think back to pre-sanction and back to maybe 10 years ago, we had roughly an additional million barrels a day that iran was pumping out. there is capacity to be reintroduced into the marketplace that will act as a suppressant for broader prices across the globe. all this has done -- city put it so well, saying the u.s. i

that's it for business news. i'm going to leave you with the markets. >>> a japanese artist shigeru mizuki has died. he was 93. he was known for depictions of the war. he began drawing after completing primary education and studying artistic technique. he was drafted in 1943 and sent to the front lines in world war ii. he lost his left arm in a bombing. shigeru mizuki made his professional debut in 1957. he produced artwork featuring supernatural monsters. they became a major hit and were made into tv series and movies. he created monga about wartime experience, one about the light of adolf hitler, highlighted the atrocity and inhumety of war. shigeru mizuki won a series of awards in japan including the purple ribbon medal in 1991 and the person of cultural merit in 2010. japanese companies will be required to check their employees stress levels from tuesday as part of a new government initiative to deal with growing workplace stress. firms with 50 or more employees have to conduct the annual checks. employees wi