as well as wish, and e-commerce platform in the states. e-commerce platform in the states. if you can throw up the slides i have, chinese growth and commerce has well outpaced the u.s., despite the fact they got a later start than us. why do you think that isn't? >> it is really an incredible phenomena. china started 10 years later, 2005 versus 1995, and the market is larger. there are actually a few reasons -- a few reasons explaining that. one is that the reason the u.s. is much more organized. organizedof retail is -- about 85% of retail is organized in the u.s. versus 20% in china and 10% in india. from that standpoint, off-line retail in the u.s. is doing well , so there is less of a disruptive potential and e-commerce. -- potential in e-commerce. on the other hand, the difference in population with the u.s. is significantly less than in china and india. if you think top 10 u.s. cities in all three countries, then you would see the chinese cities getting twice as a deadly -- as densely populated as in the u.s. , and in india, four times more densely populated. of cours

e-commerce is an important part of that.ow we localize the experience to a market with a totally different culture is what we have been working on for the last six months. india has been growing as fast as china was seven years ago. in localizing the e-commerce experience, all of that has been important. what we have done on the e-commerce site is incorporate aspects of indian culture into the business. theexample, this week is christmas and black friday in india altogether. campaign and created a special game just for the indian consumer that is very quirky, very indian in how it is designed. we had 5 million people play the game over the course of a week or so. that brought so much traffic to our e-commerce site. a million users a day, which translated into selling in three days what would have taken two months to sell. all because we are focused on being localized with our message. emily: tell me about internet services. we have seen facebook trying to break in with internet.org, giving free basic services and facebook. w

it's the department of commerce. i like the fact that ted cruz is out there being specific about what to cut. it's when republicans say i'll have balanced budget amendment, no, you won't because it will never pass and you never elucidate what you're going to cut. >> and cruz names things like green infrastructure program, the national endowments for the arts, the catfish inspection program and all that. we have a department of labor, transportation, agriculture. why don't they want that next? >> this goes back to the fact that marco rubio is engaged to let's just have entitlements for our people, if there are going to be takers, have them look leek us. yet you're not willing to stake out here's what i'm willing to cut back so i don't have to tax others. >> ted cruz had a good dig about rubio. that was right on -- at home base. that was right over the plate, buddy. >> and rubio never defended it. >> because he can't defend it. that's why he didn't bring it up. >> he didn't make it direct. >> i felt like that was a set

it's not just about the shift to e-commerce.e a chart, core retail versus quote, core retail. what are you looking at with this chart? we took monthly u.s. census retail trade data and said, what are the categories here where people are not going to buy stuff online? you can buy a car online. joe: you can't buy gasoline online. goode: that is probably a thing, given how explosive it is. we took out the categories we thought were fairly safe from traditional retail. we were left with about 32% of total retail sales. we said, this is a basket vulnerable to e-commerce. basket, that is what the traditional retailers are fighting over, and that's getting smaller. iraq 80 basis points year-over-year. in the most recent quarter -- that's really unusual outside of a recession. retailers are effectively in a recessionary environment. there can be strong performance within retail. on a totally different question, we just had a roundtable discussion about the baltic dry index. economic indicator that's useful, or the worst in the world? ge

it's the department of commerce. i like the fact that ted cruz is out there being specific about what to cut. it's when republicans say i'll have balanced budget amendment, no, you won't because it will never pass and you never elucidate what you're going to cut. >> and cruz names things like green infrastructure program, the national endowments for the arts, the catfish inspection program and all that. we have a department of labor, transportation, agriculture. why don't they want that next? >> this goes back to the fact that marco rubio is engaged to let's just have entitlements for our people, if there are going to be takers, have them look leek us. yet you're not willing to stake out here's what i'm willing to cut back so i don't have to tax others. >> ted cruz had a good dig about rubio. that was right on -- at home base. that was right over the plate, buddy. >> and rubio never defended it. >> because he can't defend it. that's why he didn't bring it up. >> he didn't make it direct. >> i felt like that was a set

speaking of which, first up is chinese e-commerce giant alibaba.reaking its own singles day record. sales have just ended, and you are going to look here at a live shot of the national aquatic center in beijing where alibaba hosting what it calls its 11-11 global shopping festival. earning $14 billion this singles day. jack ma, the pecktive chairman telling us earlier this morning on "squawk on the street" it's growth growth in e-commerce that is giving it a shot in the arm. >> it's slowed down because the traditional way of prompting the economy like exporting and investment is getting slowing down. the investment infrastructure, but domestic mount issing always a big headache in china in the past 20 years, and today because of the internet, because of e xhes every commerce, we are getting this on a bet. i think today we see that the demand is there. the opportunities, the potential is there. we are luck where i wr we are the company to be the first engine of that economy. >> haeny, the final figure we're told about $14.3 billion u.s. how do you s

investing in e-commerce and wages. it's that wage aspect i think and it is more the cost side than the revenue side that's going to hurt them and hurting them way more than expected when they originally announced the wage hike and of course we know that from a month ago. >> yeah, the e-commerce angle is interesting and important going forward. it counts for 7.2% of overall retail sales in the u.s. take a look at the mix between walmart and amazon, well, walmart is lagging behind. they only saw $12.2 billion in online sales last year. amazon generating $89 billion in online sales. >> that's why. >> that is such a big difference and you have to wonder, despite this $2 billion investment that walmart is making into e-commerce now can they ever catch up with the likes of amazon? it seems like they'll always be trailing behind? >> they were lowering their guidance on the added spend, right? to get into the e-commerce space but also the strong u.s. dollar is impacting their sales as well. strong u.s. dollar that we just talk

double digit growth in commerce? incredible. >> well, reflective of what we've been talking about all morning. >> i wish the united states post office would offer some projections. >> they'll lose money. i'll project that. >> u.p.s. had a not great quarter, the stock doesn't come in at all. amazon up, which you knew would happen. you knew netflix would go up. these are unstoppable forces. between now and year-end, managers have to show they own amazon. it's too risky for them not to show that. remember when people used to short amazon on the cash flow. >> of course. it's amazing to look at the company now. $318 billion. >> apple can't get out of its way. i thought it had a good holiday season. don't sell it. just saying. amazon -- i was on amazon a bunch of times this weekend. probably a half dozen times. >> that many times? >> yeah. checking bargains, seeing what to do. my daughter sent me a list, i sent her a list. i send her my amazon gift list. i'm tired. here's what i want. i want the primo levy complete package

the irs, the department of commerce, the department of energy, the department of commerce, and hud. >> trevor: why! why does this keep happening? it shouldn't be that hard to remember a list of three to five things. (laughter). >> trevor: it's like ted cruz is in a greek tragedy where someone shows him his horrible destiny and he trains and he tries hard and he does everything he can to avoid it but he still ends up banging his mom. it's the craziest thing ever. you were auditioning to be president of the united states of america. you can't remember numbers. now you want people to trust with you new clear codes, are you kidding me. >> the codes are-- the two, the-- oh, the four-- what is the other-- oh, china got us. boom! i will say that cruz's handling of his gaffe was much belter than perry because he just powered through like nothing was wrong. >> commerce, energy, and commerce, that's five. prove me wrong. i bet rick perry was sitting at home like-- well played. and of course, everyone was watching jeb bush whose flagging campaign needed him to come out of the gate strong and con

focused on global commerce and e-commerce, but he is saying having this could help our business. david: it seems like every tech company needs to own a newspaper these days. this is media meets commerce. they are all coming together online and off-line. if you own a media outlet with a substantial reach, obviously, you can use it for your purposes as well and every media mogul will say we can't do that -- we won't do that. emily: exactly. doesn't it defeat the purpose of being a standalone media enterprise in the first place? : i am sure jeff bezos did not only have business reasons to buy the washington post. there was probably also a personal interest. i would not be surprised if that was the case here. been $13ibaba has billion in deals so far this year. with mike evans, who is in charge of global expansion for alibaba and asked him about the m&a strategy in particular. take a listen to what he had to say. mike: in this sector, e-commerce, where we are approaching close to 400 million the consumer desires are changing dramatically. a big part of our strategy domestically means

emily: what do you make of this given the e-commerce angle? you are very focused on e-commerce but he is saying having a newspaper could help our businesses. >> well, it seems like every tech mogul needs to own a newspaper. emily: right. >> apart from that i think this is obviously coming together, media meets commerce. they are all coming together just as online and off line are coming together. if you own a media outlet with a substantial reach in the audience, obviously you can use it for your purposes as well. every media mogul will say we won't do that. emily: exactly. doesn't that defeat the purpose of being a stand alone media entity in the first place >> put it this way. it will not hurt them to own that. and i think there are some personal pieces in this as well. i'm pretty sure bezos didn't necessarily have only business reasons to buy "the washington post." there was probably also some personal interest. i wouldn't be surprise fd that was also the case here. emily: ali babay has done $13 billion in deals so far this year from media

we want to enable every company to be e-commerce. we are not an e-commerce company. i do not think amazon and us would compete. we want a lot of companies to have success like amazon. emily: should amazon be worried? jack: i don't know. if they want to be worried, they can be. bought basically the youtube/netflix of china. daniele on stage with craig, you invested in the "mission impossible" film. what are your hollywood ambitions? jack: it is my ambition in the future -- i asked the people -- now we are good at e-commerce, we are good at payment, logistics. we have cloud computing. i do not worry about the business, the money we will make in the next 5, 10 years. we are going to survive another 87 years. so what is the business we should do 10 years later? we have to worry about 10 years later. emily: what is the business? strategy -- two h strategy. health and happiness. because of the pollution, we will have some health problems. that is why we have to invest money today. 10 years later, china will have problems and we can use our technology to solve the problems.

. >> five major agencies, the irs, department of commerce, department of energy, the department of commercend hud, and then 25 specific programs. >> you probably notice that he said the department of commerce twice, and he forgot the department of education, which should be cut. and later he tried to laugh off his slip. >> i think that the department of commerce is such a base of cronyism, we need to eliminate it twice. >> that's a good one, how much happens voluntarily? and it's you. >> we had a cover story years ago, and what are we building in there? the department of commerce, and it's hard to figure out. i like the fact that ted cruz is out there being specific about what to cut, because a lot of republicans say, i'll have a balanced budget amendment no, you won't because it will never pass, but he and rand paul, and cruz naming things like green infrom a instruct program, the endow want for the arts, and the catfish inspection program. and the department of labor and ago kurt. we can have agriculture without a department. and why do we want to he propose cutting that? because the farm

we want to enable every company to be e-commerce. we are not an e-commerce company. do not think amazon and us will compete. we want people to have the success of amazon. emily: you just bought basically the youtube of china. you have been visiting hollywood. are we going to see you buy more content to deliver to a chinese audience? will you buy a u.s. studio? >> i do not think they want to sell. you can not buy anything in the world. emily: would you like to? >> no. if they need us, we can really work together. cory: dallas emily chang and jack ma. going to bring in gordon chang. what is your take on singles they? -- day? you had an interesting piece online. >> there are a couple of real problems. ,hen you look at singles day 54% increase. cory: big numbers. >> much bigger than cyber monday. but a lot of online retailers on alibaba's platforms really just a cumulative sales for one day. that helps them in the rankings on alibaba. it is more important to look year-to-year. there is a distortion caused. cory: the gross market value for the full year? >> because there

what is it, if not an e-commerce company? it is certainly an e-commerce company.ut it has a lot of assets, comparisons to ebay as it does so getting products to people's houses, the trucks are also run by alibaba, so it is a very interesting and complicated company. it has also generated a ton of money for the company and for jack ma himself, and listen to what he had to say about spending money in hollywood. jack ma: i do not think they want to sell. can never buy everything in the world. emily: have you tried to buy it? jack ma: no. but i watch them with great respect. i think we can really work together. david: jack ma talking about perhaps an interest in buying some media properties as well as a newspaper in china. competentere is a entry relationship there when it comes to selling advertising, for instance. cory: they call it single day. and it is also interesting that last year when it had a big singles they figure, analysts on wall street hook, line, and with it and jacked it up for the quarter and the year for alibaba, and then alibaba missed the numbers f

we want to enable every company to be e-commerce. we are not an e-commerce company. i do not think amazon and us will compete. emily: you bought the you tube/netflix of china. you are visiting on china -- hollywood. are we going to see you buy more content to deliver to a chinese audience? are we going to see you buy a u.s. studio? you -- you could never buy anything in the world. emily: have you tried to buy a studio? jack: no. if they need us, we can really work together. cory: i want to bring in gordon chang. take is.what your you wrote an interesting piece i read online. gordon: a couple of things that are real problems. day you look at singles versus singles day, 54% increase. extremely big numbers, much bigger than cyber monday. a lot of online retailers who are on alibaba's platforms really just accumulate sales to book them on one day because it helps them in the rankings on alibaba. it is a more important to look at it year-to-year. there is some distortion caused -- cory: the full year versus the day? gordon: there is some mania around the day. cory: the si

we want to enable every company to be e-commerce. not an e-commerce company.'t think amazon and us would compete. a lot of people to have the success of amazon. emily: should amazon be worried? jack: i don't know. if they worry, they worry. betty: one of the challenges still facing the company is the significant number of counterfeit goods that pass through its website. the chinese government has recently come out and said 40% of products sold on chinese sites are fake and said ali bob bob a is one of the worst offenders. jekyll and they did not use accurate data. the cheap -- jack: they did not use accurate data. how do you measure progress when it comes to counterfeit products? vendors say you will take something off but three days later it is back on. jack: ask any company in china. buyn days if you counterfeit products. ask all the vendors if they work with us, if they call us. of companies send lawyers. these lawyers don't understand the business. they don understand e-commerce. they come in here to say hey, you know, what are you going to do or say this

ceo of boomerang commerce. yellen and the federal bagrve looking at a mixed of data today. ♪ scarlet: good afternoon. welcome back to bloomberg markets. i am scarlet fu. time for bloomberg business flash. brazil's corruption scandal taking another embarrassing turn with the arrest of the ceo of btg pacutal. no word on what andre esteves has been charged with. the scandal has and sneered the biggest builders and the state-run oil company, petrobras. select group of companies are looking to capitalize on the last pages of the junk bond boom. speculative buyers raced about $26 billion of debt, double what was raising october. sales were limited to better quality buyers with credit portfolios on the rise or those willing to pay up. u.s. consumers held onto their money last month. household spending rose less than forecast in october, increasing just 1/10 of 1% for the second montero. consumers pocketed -- second month in a row. consumers pocketed most of the savings from lower gas prices and an increase in wages. g

they are struggling on their e-commerce business.y have one revenue stream, which is advertising. the market doesn't value advertising these kinds of revenues as they do e-commerce or software. >> you mentioned liberty media. they did come here and make some investments. do you see alibaba as making an amazon move from e-commerce into a content company? >> they launch their own kind of prime service streaming video. if you are in the web service business and conference business, really a big data platform. bringing buyers and sellers together. you have running after those opportunities. >> do you merely look and say there is such a massive amount of human capital that you wouldn't be discouraged by the fact we are seeing a slowdown in the overall economy? >> i think if you get that position quickly and they are doing a good job, i would be buying alibaba right now. >> extremely proud of the entertainment proposition delivering. probably more gaming attractions attractions than the rest of the integrated resorts in all of macau combin

the irs -- the department of commerce -- the department of energy -- the department of commerce and hud." cruz mentilned the department of commerce twice. he wanted to say the department of education. this was similar to the oops moment rick perry had at a gop debate four years ago -- when he forgot the third government agency he would cut. the next g-o-p debate is in las vegas in december. continuing coverage this morning... two iowa men accused of making threats against a world pokemon championship event pleading not guilty. james stumbo and kevin norton remain behind bars this morning. they were arrested in august after authorties say they made social media threats against the competition in boston. police later found a shotgun, rifle, and ammunition in their car when they tried to register for the event. they'll be in court again later this month. the man who shot an eastern iowa police officer won't be re-sentenced ununil next week. it was supposed to happen yesterday, but now eddie chest will be back in court sometime next week. chest was convicted of shooting lleutenant scott bax

we want to enable every company to be e-commerce. we are not an e-commerce company. think amazon and us would compete. a lot of companies like amazon. emily: should amazon be worried? >> i don't know. if they worry, they worry. >> how do you see the media landscape? isthe biggest issue is who in a good position where the consumer is going. ofyou are the opposite old-fashioned, fyi. >> thank you. facingue the tv guys are is that 75% of millennials watch tv down from 95%. by the way, our ratings are up 10% year over year. our broadcast radio stations that are digital are up more than that. the consumer clearly -- and one of the issues with tv, what is tv? it is changing. it turns out the networks are retailers of programs. a new retailer showed up, called netflix and others. i think that has had a big impact. toy have a lot of levers pull. they are in the content business. i'm not holding any benefits for them. on the other hand, radio has always been america's companion. we are sitting next to you in the car. >> we depend on burning fossil feels. everybody is at a com

irs, department of commerce department of energy and hud. >> he doubled down on that commerce. i was thinking carly fiorina was hoping to be secretary of commerce. he's getting rid of the cabinet before he gets in there. did you hear me say that? i'm sorry. >> it's so bad he got rid of it twice. >> he gets noah with that. >> he's going to get rid of it thrice. >> get rid of it twice. thank you so much senator cruz for getting rid of the commerce department both times. thank you you all. coming up, what did the republican debate last night signal to the rest of the country, the democrats and the people in the even. a little too hot. there's no way to raise minimum wage. they came out against wage increases for anybody. if you're in our country illegally we're coming for you. that's rough stuff if you're a latino. this stuff might not sell can middle america. former president george herbert walker bush spoke out about cheney and rumsfeld and how they badly served their son. the elder bush tells us all about what old man poppy thinks about the boy. >>> last nights's republican deb

he really hates commerce.epublicans are supposed to like the commerce department and hate the labor department. >> we don't like the bureaucracy around commerce. if you didn't list it from 2012, you learned it tonight. do not start listing federal agencies that you are going to eliminate. especially when a good thing to do. >> especially when your mates out there, one of the federal candidates is thinking they might end up in commerce. that might be the worst thing to do. i was thinking carly would love commerce after this is all over. >> maximum of two agencies. >> i do think that these carson numbers will soften. ted cruise is where they will go to. >> he is very tea party today. he is getting rid of these. >> he is running a very smart campaign. ted cruz understands timing. he is patient and waiting for the ball to come to him. he hits all the marks in all of these debates. he has messages aimed at that evangelical, christian audience in iowa. he is running as an outsider and hitting all the tea party-theme

, the department of commerce, the department of commerce -- so the other one is the department of educationt's interesting he had kind of like an oops moment although he barrelled through and listed one of these agencies twice. it's not sticking to him at all like it did to rick perry, why not? >> i think he showed rick perry how to do it. if you can't remember, you just push through. but i'm starting to wonder if in texas maybe they don't teach them all the cabinet agencies and maybe they can't grab them all when they're under pressure. >> probably also because nobody doubts the wattage on ted cruz. >> yeah, i mean, i think with rick perry it was kind of playing into, you know, the concern that people had about h him. it wasn't the first time, the oops moment was a few oops momenting along the way. >> it was so painful. i think a lot of republicans think the department of commerce is such a boondoggle we can get rid of it twice. >> i need to get some insight from you, ana. >> oh, for the love of god. >> you support jeb bush, but i want you to watch during one of the breaks last night. what

we're seeing a lot of m- commerce, or mobile commerce, today.his is a former goldman sachs guy that has been brought into focus on international expansion. alibaba is touting the global nature of this holiday. there are aspirations to become a global company. mike evans is the guy supposed to do that. look what he had to say about their u.s. ambitions. >> our strategy is not competing with amazon. it is less about finding the investment opportunities and more focused on starting to learn about the domestic market. emily: that said, the u.s. is still the biggest potential international market for alibaba. it is something the company is very focused on. they are going to the ringing the opening bell of the new york stock exchange on the stage behind me. the head of the new york stock exchange is going to be here with a team of alibaba executives to ring the opening bell and we are going to be watching to see just how many, just how much alibaba has been able to ring up on this latest singles day. manus: before you tell me about the stock price, wh

investigation has caused, she's now fighting for her job as a hydrologist within the department of commerce. these chinese americans were wrongfully suspected as spies and paraded as criminals through their arrest only to have the charges later dropped but not before they were traumatized and their lives nearly ruined. and it leads us to question are all chinese american scientists suspect because they are chinese americans? so, my question to you is, what went wrong in these cases and how are you addressing this internally especially with the fbi to prevent this from happening in the future?

chamber of commerce. gayle slater is vice president, legal and regulatory policy the internet association. i want to thank them all for coming. first, let's talk about what are we talking about today. we're talking about all sorts of syncing, that doesn't sound very good. i'll do a little stage setting and ask my panelists to tell me whether or not i'm right and where we're going in the future. the safe harbor decision that was decided by the european court of justice on october 6th, 2015 actually has its origins 20 years earlier. in 1995, the european union passed a data protection directive which has rules and regulations and general standards by which eu member states have to adhere to data protection for privacy regulation. there is a prohibition in the directive about allowing the cross border transfer of personal data, which is very broadly defined, and it pretty much is all electronic information. you cannot have cross border transfer unless the country to whom you're transferring the information h

about $3 million worth of commerce will take place -- $3 billion worth of commerce will take place tomorrowoverall, if you look at sales done all my between november and december, about $83 billion in sales. most of those will browse on smart, and make those purchases on tablets. cyber the idea of security in this shopping season, and how secure you feel shopping online. we have divided the phone lines differently today, by age. if you are below 30, (202) 748-8000. if you fall between 31 and 50, (202) 748-8001. if you are 51 years and older, (202) 745-8002. again, your shopping security, as you go online to do shopping. it was the federal trade that is responsible for things about commerce, especially on the internet. not too long ago, posting an online video that takes a look at security measures while you are shopping online. here is a bit of that video. [video clip] >> paying by credit card gives you some protection that other methods of payment do not. if there is a problem, the law gives you a right to dispute charges. if someone uses your credit card without your permission, some comp

differentn entirely situation where nearly half of every e-commerce -- every e-commerce purchases made. scarlet: all right, cory johnson, great stuff, perspective on single day. ma will beway, jack onerviewed by emily chang wednesday. they will be speaking at -- guess what? the singles day festival. ♪ >> do not miss this. china retail sales out overnight. we live in a pick and choose world. love or like? naughty or nice? calm or bright? but at bedtime ...why settle for this? enter sleep number. don't miss the semiannual sale going on now! sleepiq technology tells you how you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! gift the best sleep only at a sleep number store. save $500 on the veteran's day special edition mattress with sleepiq technology, plus 36- month special financing. hurry, ends wednesday! know better sleep with sleep number. >> i am campbell brown. mark: i am mark halperin. tonight,due respect, we are all about milwaukee. ♪ mark: hello, milwaukee. and hello, campbell brown. we are here

gone, commerce, education and what is the third one there?et's see. deirdre: rick perry had an infamous oops moment four years ago. maybe it is texas because senator ted cruz came dangerously close to having his own brain freeze on the debate stage but he responded last night on megyn kelly's show. >> look, i think the department of commerce is such a base ever cronyism. we need to eliminate it twice. deirdre: former massachusetts senator scott brown is with me now. it is great to see you, sir. >> great to see you. deirdre: fresh off the plane. >> yep. deirdre: he handled that pretty well, senator cruz. it is so bad i had to name it twice. he did just fine. what do you think of the concepts? >> first of all, that happens to everybody. it happened to me on maria's show other day, strike all that. we started again. it does happen, number one. with perry, but -- deirdre: not for nothing. you guys are under a grueling schedule. >> pressure. deirdre: 18 hours of speaking, shaking hands, not to say that's not what they're in for. >> everybody knew

there is a lot of headroom in e-commerce.he distinctions we are seeing, jet is succeeding and encouraging people to build bigger carts. they are getting larger orders. the typical number of items per order with amazon is fewer than two. with jet, it is close to five. they have a model that is resonating with some people. it is different than amazon, but it is working. it encourages you to build up a cart and save more. emily: you do not get the fast delivery times you get with amazon. i am a procrastinator and i love amazon prime. cory: shipping is the name of the game. we see how much money amazon loses in shipping. they have to break it out to their investors to show it what it is. to solve the shipping problem is the name of the game. it is like the struggles that cosco has gone through. emily: i do want to ask you about hp. you have been digging into the numbers. are you seeing any signs of a turnaround? cory: no is the short answer. when you look across every single business, declines in pcs, a big decline in printers. b

. >> the department of commerce and hud. >> yeah, well he went through the department of commerce, department the department of commerce, and then mentioned hud. he kind of had a little bit of a brain lapse there. he forgot some of these. will this have a perry effect on him? or given the rest of his performance this won't really make a difference for cruz at all? >> i think given the rest of his performance it won't make a difference for cruz. i think the problem for perry previously was that people didn't think necessarily that he was an experienced candidate. there were some questions about how sharp he was, and so, it fed into that narrative when he had his oops moment in the debate. and for cruz, you know, if you name a department twice i guess it's better than forgetting one. >> that is a good point. let's get to those front-runners, ben carson, donald trump, how did they do? because some analysts say they didn't have the policy details that cruz and rubio had and that could hurt them among voters looking for on-the-job experience. >> absolutely. these are two candidates whose main goal

so, you know, have they shut the commerce down? i would say not so much.ink they've made a point, but if the intent was -- now, of course, the chilling effect of all of this, i think, is unmistakeable in addition to the bad weather, the chilling effect be of having this kind of protest going on, and it was well publicized. a lot of people just decided they weren't even going to bother coming down there. this fella here, he's been doing plenty of shopping. [laughter] connell: yeah. >> reporter: the commerce has not been completely choked off, it's fair to say. connell: it is interesting. i was wondering about that, because we've known about these protests for some time. apparently, some have shown up. they've shown up here in new jersey, which we'll get back to. remember, the closing bell is going to ring at the top of the next hour on wall street, we'll be covering that as well. more to come as "cavuto coast to coast" continues. we'll be right back. where is my hotel? où est...mon...hotel? we have a reservation. nous avons une...reservation. my wife needs

. >> when it comes to e-commerce or m-commerce because that's where things are taking off it's still more of a case of mine share rather than market share. now the potential is huge. >> one statistic says it all. today online shopping accounts for less than 1% of india's total retail market but the i.t. research outfit says india's digital business that includes e-commerce and m-commerce could grow to a $7 billion market expanding at a rate of 40% a year. his future group also has an online component. customers can order goods from its website and have them shipped to their homes but he says it's not sustainable. >> i believe they'll be a challenge only. it has to come down. >> the recent move to relax fdi moves for single brand detailers is good news for those eager to grab a share of the consumer market but understanding consumer spending habits is key says this marketing guru and it doesn't necessarily sale. >> india has been portrayed as the market for cheaper products and afford blt. they want better looking mobile phones and sexier cars and better looking apparel. so the market

. >> you also have investments in alibaba, e-commerce platforms in china, as well as wish, and e-commercelatform in the states. if you can throw up the slides i have, chinese growth and commerce has well outpaced the u.s., despite the fact they got a later start than us. why do you think that is? >> it is really an incredible phenomena. later,tarted 10 years 2005 first is roughly 1995, and the e-commerce market is larger. versus roughly 1995, and the e-commerce market is larger. there are actually a few reasons explaining that. one is that the reason the u.s. is much more organized. about 75% of retail is organized in the u.s., versus 20% in china and 10% in india. from that spot -- from that standpoint, off-line retail in the u.s. is doing well, so there is less of a disruptive potential and e-commerce. thehe other hand, difference in population with the u.s. is significantly less than in china and india. if you think top 10 u.s. cities in all three countries, then you citiesee the chinese eating twice as densely populated as in the u.s., and in more denselyimes populated. of course, the

have seentheless, we some sales stagnant, but e-commerce sales are booming.ending but just spending with amazon? david: some of the things we have looked at is that 2015 has been a year of a bit of inflection in e-commerce sales, so that is one of the things that has been talked about a lot, and it is not known when there is a tipping point. we think 2015 could have been that year. our projections suggest that in terms of the dollar increase in e-commerce sales in 2015, by far and away the larger -- largest dollar increase of any year on record and probably by a large margin, so we could start seeing that affects some of the data, particularly at the company level, in terms of some of the clothing and apparel retailers that have reported over the past couple of weeks. david, should we ignore black friday? people are saying it is not reflective of anything. should we just ignore it? preference, were my you would, because i do not think it is as important as it was in the past. what one reason to be attention to it is that everyone else is paying attention to i

we want to enable every company to be e-commerce. we are not an e-commerce company.mazon and us would compete. we want a lot of people successful like amazon. emily: should amazon be worried? >> i don't know. if they worry, they worry. if they don't worry, they should enjoy it. >> how do you see the media landscape? >> the biggest issue is who is in a good position given where the consumer is going. thelieve you follow consumer. >> you are the opposite of old-fashioned, fyi. >> thank you. the issue the tv guys are facing is that 75% of millennials watch tv down from 95%. in 1970, 90 3% listen today. -- 93% listen today. s listen today.al by the way, our ratings are up 10% year over year. our broadcast radio stations that are digital are up more than that. the consumer clearly -- and one of the issues with tv, what is tv? it is changing. it turns out that when you are looking at programs that the networks are retailers of programs. a new retailer showed up, called netflix and others. some people decided that i will buy my program there. i think that has had a big impa

president of global e-commerce. now staying with shopping and groupon logged lower than expected third quarter revenue as the daily deal site was hurt by lackluster sales in north america and lower overseas. the company is issuing a weak guidance for the fourth quarter and in 2016. groupon says it's co-founder is now stepping down and he'll be returning to the role of chairman instead. he is being replaced by the company coo. shares getting hammered in after hours down some 25% and as you see over in german trade we were lower by close to 25%. recovering a bit. 22.5% down. etsy with a wider third quarter loss and warns that profit margins could be shrinking in the 40 quarter. the online seller saw revenue rise some 38% but that was down from 44% in the second quarter. etsy says the number of active sellers rose 19%. buyers were up 25% but the company is facing fresh competition from amazon which launched a competing website called handmade just last month. fell 7% after hours and going in the opposite direction we'r

just for background, the commerce and invenitation inventory is produced annually. it covers a range of economic data and gathered from a variety of different sources. or goals with the engentory are in the short term to just make the data available tothe public and other interesting party and in the longer term to establish a consistent time series that hopefully serves as background information when we do updates of the element of the general plan. the biggest story is jod which grew my 5 percent to over 640 thousand which is a new record high for san francisco for employment. job growth continues about the same pace as it did in 2013 and the city added 27, 700 unemployment tell fell to 4.4 percent which is lower in the region, the state and nation. the average wage sales tax collections and city revenues have all continued to increase this year or last year and then you can see that our city expenditureerize up but they are less than the city brought in in revenue. building actirfbty which we measure by the number of permits that are filed were up 4 percent to 28

. >> yes, $5.3 trillion of commerce each and every year on and over the south china sea.there were not a drop of oil or gas in the south china sea, china would still want it. they have made it clear that there's no compromise. so it's no so much a question of natural resources. it is there because they believe it is theirs, they have sovereignty, so they are not going to give up. >> when we come back, if a country like china unilaterally takes control of a sea lane, how should the rest of the world respond? a new line in the water, it's "inside story." >> ali velshi, lifting the lid... >> cameras in place for money and not safety. >> on the red light controversy. >> they don't give two cent about your safety. >> there's an increase in rear end accidents. >> ali velshi on target: hitting the breaks. >>> welcome back to "inside story," i'm ray suarez. an american guide missile destroyer, recently passed by the reef, one of the ocean outcroppings china has declared national territory. the chinese say the ship illegally entered the watered. in response u.s. authorities say th

let's see. >> one brain freeze can end your campaign. >> the -- umm. >> commerce? commerce.nd let's see -- >> rick perry was a serious contender until this debate. >> oops. >> forgetting is bad, and looking bad is bad. in the very first tv debate, richard nixon refused to put on makeup. it hurt him. nixon later said -- >> more important than what you say is how you look on television. >> so campaigns obsess over details. when ronald reagan debated walter mondale, rollins and beckel were the opposing campaign managers. >> do you remember how high the podiums would be? >> days. >> we had days negotiating. >> the color of the room. >> what difference would it make to the candidate what color the room was? >> because in certain conditions, certain colors work for certain candidates. >> because mondale was shorter than reagan -- >> we wanted more distance between the two podiums. we debated between 7 1/2 feet and 9 feet for a day and a half. >> the first debate came, and reagan struggled. >> 2/3 of the defense budget pays for pay and salary -- or pay and passengers. >> he looked

small businesses combine commerce and culture to get customers to shop local and why a beloved actress put aside her career to pursue her entrepreneurial passion. stories and information to spur growth coming up next on "your business." >> american express open can help you take on a new job. or fill a big order. ♪ or expand your office. for those who constantly find new ways to grow on every step of the journey american express open proudly presents your business on msnbc. >>> hi, everyone. i'm jj ramberg and welcome to "your business", the program dedicated to helping your small business grow. with small business saturday coming up, we decided to see how communities around the country are getting customers to shop local. in washington, d.c., that means staying up late to see the business and arts communities come together to celebrate art all night. the festival blends culture and commerce in five different neighborhoods boosting foot traffic, visibility and business not only during the event but also long afterwards. >> in many of our small businesses have told us that art all night