deirdre bosa is joining us now to explain deirdre? >> kelly, well, the good news is the chinese consumer is alive and well alibaba, over $70 billion in sales over that shopping event, nearly double what it notched last year. we should note the total this year was 11 days, not the typical 24-hour period this year as the pandemic limits travel, alibaba put the emphasis on international brands. some popular brands, nike and apple, but allbirds getting in on the action as well. all of that overshadowed by chinese anti-trust scrutiny of the tech giants. just as singles day was getting under way, 11-11, china's anti-trust board put out practices. it took a collective $280 billion from the biggest names from ali alibaba and tencent they have largely been seen as national champions and seen as operating largely independently from the chinese government. as we saw with fintech giant ant group, beijing is not afraid of pulling out the rug from under them kelly? >> deirdre, let's get specific here what are people saying about what this regulatio

joining me are julia boorstin, dom chu, and deirdre bosa.e begin with a flurry of big-name ipos that appear to be coming before year-end door dash will list shares under the ticker dash. the delivery company reported nearly $2 billion in revenue for the first nine months of the year that's more than triple what it made in the same time last year. deirdre, i love the little factoid about where tony got his name from, but what do you think the most salient point for investors from this filing is? >> well, kelly, i think you're right, a lot of folks are saying that it got this pandemic boost, but there are comps, right this is different when uber and lyft went public and we didn't really have anything to compare it to. you can compare door dash's financials to uber's and to grubhub. and i think what was so remarkable about this s1 is that this is a company that is growing extremely quickly. revenue has, what, tripled this year from the same time last year that's pandemic induced. but it's also really been cutting its losses it was actually prof

crossed 20,000 back in 2017 they are also among the biggest players this critical holiday season, deirdre, with cloud, apps and gaming squarely in focus and computing, of course, that's been a big issue, connectivity for productivity, during this covid time >> that's right, jon and we've certainly seen techs that have underperformed in the last few months, but of course some of the big names you outlined, they have brought dow to this important milestone and just to put this in context, from 20 k to 30 k, that's a 50% move in the dow. take a look at the other major indexes. the s&p is up 59% during that period, the nasdaq has more than doubled, up 115% in that time, carl, and it really tells you how important technology, and particularly those large caps, have become to this market and just how much they have surged this year as we see a digital transformation amid the pandemic. >> that's a great point. and jon, we're going to continue to look for names that are going to perform well, no matter what kind of reopening or reclosing environment we're in amazon, one of the top leaders, but so

thank you doctor deirdre mckay, really interesting.ause teenage activists in australia have launched a class action lawsuit on behalf of young people around the world to stop a large coal mining project, 430kms north—west of sydney. they argue the federal government has a duty to protect them from climate change. neither the government nor the resources company have commented. a trial in australia's federal court is expected to start in march next year. from sydney, phil mercer reports. looking into a future dominated by fossilfuel, this 13—year—old doesn't like what she sees. supported by her father, the sydney high school student says she is deeply anxious about the threat of climate change. is it worth bringing kids into this world if their future is just going to be struggling to breathe from the smoke and being afraid that their house is going to be burnt down or swept away by land erosion or rising sea levels ? land erosion or rising sea levels? the decision to take the australian government to court over coal was fuelled by the

abc's deirdre bolton with some of the major deals already in place. >> reporter: tonight, on the eve of the holiday shopping season, timing is everything. >> black friday shopping is like a month in advance now. >> reporter: more than 40% of shoppers saying they started making their holiday purchases earlier than usual this year. >> i'm done christmas shopping. i did it all online with pickup like this. it's tremendous. >> reporter: the pandemic making online shopping extra popular. and 60 major retailers are offering curbside pickup. online and other nonstore sales are forecast to increase between 20% and 30% and could top $218 billion. for those who don't want to lose the in-person shopping experience, many retailers are instituting extra safety measures and encouraging social distancing. the cdc has added "shopping in crowded stores just before, on or after thanksgiving" to its list of higher risk activities to avoid. no matter where or how you're shopping, black friday sales are already live. you can find half off beats wireless noise canceling headphones. and for those looking t

here's abc's deirdre bolton. >> reporter: tonight, the desperation is growing. in atlanta, thousands lining up in their cars for food. some waiting up to 18 hours for thanksgiving meals. the line outside tyler perry studios stretched for five miles. families unable to afford the basics. >> my family really needs it. i have four little ones, so this came a big help. >> reporter: 21 million americans receiving unemployment benefits and now fears of housing stability are increasing. >> i have friends that i can move in with, with my son. it certainly wouldn't be ideal, but i have those options. >> reporter: right now 6.6% of all mortgages are in some stage of delinquency. that's 3.3 million american homes, nearly doubling in just nine months. >> we've seen a big spike in the number of delinquent homeowners since the pandemic began. >> reporter: the c.a.r.e.s. act passed in march protects homeowners from foreclosure. but homeowners only have 40 more days to apply if they need help, if another relief bill is not passed. >> the c.a.r.e.s. act, that has been such an im

deirdre, good morning to you. >> reporter: good morning, dan.ler businesses but a quick word about where i am right in front of a gamestop. lines have been around the block for sony playstation's new ps5. one of the hottest gifts this holiday season. this black friday some shoppers literally falling over each other to take advantage of the best deals. >> you need to relax. >> reporter: despite covid-19 cases rising some decided to flood stores in order to find sales. but the majority of americans decided to take advantage of deals from the comfort of their own homes. the mall of america seeing far fewer customers compared to years past and on thanksgiving day alone, online shopping reached a record-shattering $5.1 billion, up 21% from last year. of those online sales more people are shopping from their mobile phones, almost half coming from smartphones. another record. >> i'm done christmas shopping. i did it all online with pickup like this. it's tremendous. >> reporter: some of the most popular gifts so far, toys such as lego sets, barbies and

abc's deirdre bolton is on the story. deirdre, good morning to you. >> reporter: good morning, dan.ormally this is a festive time of year, but the pandemic is creating hardship. more than 8 million americans have fallen into poverty since the spring, and two studies show that the level of poverty in the u.s. is now higher than it was pre-pandemic. >> i would never think that would ever happen, and i didn't ever think it would be this hard. >> reporter: this morning, thousands of americans descend on food banks across the country. >> we will make sure that they have had their portion and maybe another portion before we will eat. me and dad have kind of gotten to the point now where we only eat maybe once a day. >> reporter: cars lined up for miles. many people struggling ahead of this thanksgiving holiday. >> we don't have enough to eat. we don't have money to pay our rent. >> we've never seen an increase in food demand like we have since march. >> reporter: more than 21 million americans are receiving some form of unemployment insurance. >> nobody likes sitting at home just living o

all right, deirdre, thank you so much. we appreciate it. >>> a coroner's report is citing likely drowning of a black teenager who was found dead in a field in louisiana. the family of quawan charles is demanding answers now and a full investigation after he went missing on october 30th and was found days later with marks on his face in a sugar cane field. the medical examiner's office has said a full report can take up to 12 weeks. >>> tropical storm iota making it the record 30th named storm this atlantic hurricane season. rob is in connecticut this morning with a look at where iota is headed. rob, good morning to you. >> good morning, dan. this is the hurricane season that just doesn't want to end the year, frankly, that doesn't want to end either, and iota is cooperating i guess with that theme. it is a tropical storm now. it is moving very slowly, in the middle of the caribbean. here is the satellite picture south-southeast of jamaica. it will get its act together and it will accelerate and it will take a similar path

it's now lower by 2% deirdre bosa with the numbers. >> more green chutes from the ride sharing k.inues to be worse offier over year but some sequential improvements revenue beat the street's forecast $399.7 million. versus $377 million. declined year over year, but quarter over quarter growth of 47%. adjusted net loss doubled from a year ago adjusted ebitda, profitability was $237 million better than expected we are seeing weakness in shares as sara mentioned it was upper inially 3% right after the results, go near the flat line right now. but shares are up 60 pars over the last week over vaccine hopes and the california prop 22 win it is possible investors are taking money out of the stock at the moment because the numbers are good but no that grate volume of riders -- here may be some of the reason for weakness. revenue per active rider, 39.39 versus 41.20 logan green, cofounder and ceo says they are encouraging in the ongoing recovery in ride sharing. >> i know they don't have the eats business like uber which is helping cushion that blow. how does it look in comparison with ub

deirdre bolton, abc news, new york. >>> still ahead on abc7 news at 11:00, two san franciscans are taking it into their own hands to spread holiday cheer. we for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa >>> the tree twins are back on the streets of san francisco just in time for the holiday season. our abc7 news crew team ran into the duo on the embarcadero tonight. the tree twins, as they're called, say they've been dressing up for the past five holiday seasons just for fun and to spread joy. this year's costumes are all new. the pair will be out and about until christmas eve and encourage people who run into them to snap a photo and tag them on social media. >>> chris, you had a good joke about

deirdre is with us for the hour.asdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the united states. we're going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. hi, eunice >> hey, carl live streamers in china are wrapping up what's been a very long day pitching to chinese consumers and it seems as though the efforts have paid off. for alibaba, the value of the orders that crossed the site have just come in at just shy of a $500 billion, about $75 billion u.s. dollars these numbers cap an extended 11-day campaign that's a little different this time around not the usual 24-hour singles day shopping extravaganza. there were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if they were able to travel outside the country. so these are imported items, luxury goods, health products also v

i'm deirdre jones and i want to welcome you to our final event for our constitution weekend. you may know me as a programming lead for the at their interpreters and maybe recognize me for my time in colonial williamsburg, portraying previously inslee black people. this evening i have the pleasure of serving as your moderator. i am also joined by ali, you hope right, my dear colleague began her career in williamsburg when she was in the third grade. she was a performer in a plea on my own time, and the black music program. she has collaborated with many other departments in the foundation, as well as with other museums over the course of her career. she's worked with a variety of educational visitations as actress, storyteller, writer, researcher, and mentor. please welcome hope right. >> thank. you -- she has received many awards, including the statewide atlantic faculty award for rising star category. professor larsen is a scholar of constitutional law and legal institutions with a focus on how information dynamics affect the vote. her work has been featured multiple times i

abc news reporter deirdre bolton took a deep dive into where and when to find the next deals. >> reporter: this morning the holiday season is in full swing as shoppers prepare for a blockbuster cyber monday. >> we're looking for deals, anything from electronics to furniture. >> i'm focusing on shopping small businesses. >> reporter: so far, shoppers spending record amounts of money on thanksgiving day and black friday. >> it's not that many people for some reason. >> the deals we've experienced in macy's thus far have been awesome. >> reporter: analysts say tomorrow could be the largest online sale day in history. >> consumers spent less on entertainment, on dining out, on travel. given what 2020 threw at us, this is a moment where people are gifting and giving to their friends and family as a way of boosting their spirits. >> reporter: americans expecting to spend between $10.8 billion and $12.7 billion, a gain of between 15 to 35% over last year. >> individuals are working from home, kids and teens working from home. the only option to shop safely is from home, which is why we'll see a

abc's deirdre bolton is right here with that story.r: good morning, dan. experts say bookmark your favorite retailers' websites today. that way the best deals show up on your phone or your tablet asap. this morning the holiday season is in full swing as shoppers prepare for a blockbuster cyber monday. >> we're looking for deals, anything from electronics to furniture. >> i'm focusing on shopping small businesses. >> reporter: so far shoppers spending record amounts of money on thanksgiving day and black friday. >> it's easier to shop today for some reason. there's not that many people. >> the deals we experienced at macy's thus far have been awesome. >> reporter: and analysts say tomorrow could be the largest online sales day in history. >> consumers spent less on entertainment, on dining out, on travel. given what 2020 threw at us, this is a moment where people are gifting and giving to their friends and family as a way of boosting their spirits. >> reporter: americans expected to spend between $10.8 billion, and $12.7 billion. that w

deirdre bolton, abc news, new york. >>> if you're looking for a guide, we have one. cybermonday 2020, it's right on our website. go to abc7news.com. i will be participating, you? >> for sure, but i feel like cybermonday was just like black friday. >> it's all the same thing. >> yeah. >> just like how every day is the same day. the shopping is now just, you know, blended into one big blur. >> mm-hmm. >> hi, mike. how are you? >> hi, haven't stopped shopping since, what, early last week. so, yeah, every day new deals. it's like christmas. you open up the email, hey, new deals. new presents. all right. let's talk about what's going on weather-wise. we could use some rain out there. i'm here to tell you it's not happening on this last day of november. we'll end it the same way we've enjoyed most of these november days with sunshine and temperatures a little bit above average. here we are from mount tam, notice we're looking south towards san francisco. camera not bouncing hardly at all because there's just not a breeze out there. so becoming sunny today after a few high

if you do plan to shop online today, here's abc's deirdre bolton on what to know. >> holiday shoppers expected to break all records for online shopping in a single day. >> we're super excited about cyber monday this year more than ever. >> reporter: with retailers offering some serious bargains around cyber monday. beatz headphones normally 299 now 169 75-inch 4k tvs cut from $799 to $499 at many retailers. this kitchenaid mixer a savings of $100. last year americans spent $9.4 billion on cyber monday. this forecast, up 35%, which would make this cyber monday the largest online sales day ever. the pandemic changing not just how we shop but also why. >> this is a moment where people are gifting and giving to their friends and family as a way of boosting their spirits. >> it's also about the kinds of purchases that make sense in a time of social distancing. >> home goods doing super well, outdoor stuff. >> with retailers expecting reduced foot traffic in their brick and mortar stars, those mobile apps are out ahead. all spending giving a real boost to the economic recovery. >>> so there

we deal with history every day, deirdre. looking at the -- what the constitution says and what it does not, looking at all the decisions that went into certain parts. this is an opportunity to look and to know. nobody gains anything by being ignorant of what this says. whether it is explicit, good or bad, this is all a part of our history. it is only going to be to our gain to know what it says, to know what has changed, to know what people thought for to get the constitution amended and subsequent acts that had to be written to get basic protections that are in the constitution to be lived out. we owe it to ourselves, our history, and the people who came before us to do that. >> that was beautiful. i agree with both of you. we have only looked at -- our focus was slavery and the constitution. on this constitution day and henceforth, we can look at the constitution, in order to really -- constitution. in order to really appreciate those things, you have to examine it and have to know what it says. the question i pose to the

here's deirdre bolton. >> reporter: tonight, the pandemic is changing everything, including the way we shop for the holidays. >> what we are seeing with retail in the holiday season, in light of the pandemic, is health and safety is by far the number one priority. >> reporter: for many consumers, that means shopping online. to try to keep up with the rise in demand, ups is hiring 100,000 seasonal employees and fedex another 70,000. amazon announcing it is giving its front line workers special holiday bonuses totaling more than $500 million. >> we've created jobs and opened 200,000 jobs since september alone. so we can make sure that we are delivering to our customers, and not compromising the health and safety of our employees. >> reporter: and this year the pandemic is influencing what holiday shoppers are buying. >> home goods, doing super well. outdoor stuff. people are going to be stocking up on outdoor heat lamps to extend the season. and then i think people are buying ppe and home uvc sanitizers. >> reporter: no matter what you buy, experts say plan what you're buying, stick to i

talk about the online spending boom and how small businesses are staying afloat also reporting from deirdre bosa on where people are spending their money this year. but first, cnbc's bertha coombs outside a target store in new york city. bertha, a quiet day? >> yeah, quiet day, though busier than you would have thought. this is normally the super bowl of shopping days but unlike football, this year black friday a lot less of a contact sport. we did find some lines we saw that a couple dozen gamers were lined up in the wee hours outside of the garden state plaza mall not for bargains, but hoping to score a coveted ps5 console. by the time the store was set to open at 7:00 a.m., well the crowd were trying to get word and the news was not good. >> the manager came out here, said i have no playstation five, i have about six x-boxes people level because were leaving because they just need information. >> but while they were leaving by midmorning, there were a lot of people coming in, filling up spots in the parking lot, and shoppers were actually driving past the spots for curbside pickup to sho

deirdre bosa is here with the details. what's going on?s has been seeing a widespread outage for over an hour aws, of course, is amazon's massive cloud business that powers many companies' websites and operations at large. companies impacted include nyc transit, sirius xm radio, ring and adobe cloud. the list though, kelly, is long and growing. the long their this outage lasts. for some like roku which are affected, operations, they are still running are streaming but they maybe delayed an aws spokesperson says they have been experiencing increased error rates in our u.s. east one region that has impacted some of its own aws services they are working towards a resolution and will certainly bring you to any developments. back to you. >> just to clarify you showed, for example, a transit customer there are we talking about this disrupting travel, or is this more of a backoff of this issue? >> it's up clear at the moment but it looks like more for these companies it's a back office issue so as the user or consumer you may not see it i'm not s

the address book by deirdre a standout book of history and current affairs. world of wonders by amy. dividing with the marvel of being fully alive. by michael dennis l smith. provocative work that deserves the broadest possible audience. and cast. a memorable provocative book that exposes the american history in which few can take pride. to all of the finalist, we needed your voices this year. thank you for sharing your talent with us and congratulations to all of you. the winner for nonfiction is. [inaudible] [laughter] wow. wow. i am genuinely so excited to be a finalist. it is such an honor. i don't expect to win anything. an honor to be a finalist. an amazing group of authors who are doing incredible work. thank you to the judges. thank you to kirkus. $50,000 the day before my birthday. a lot of money i'm responsible with and i promise you i will not let you down. my editor, the best editor in the whole world. makes me a better writer. as much her award if not more so working so many yea and see me through so many iterations in my career. just a rock for

deirdre thank you. >>> we have got just about two minutes to go in the trading day.ike what are you seeing in the market internals >> they have been pretty heavy a sharp skew to the downside in terms of volume. it actually improved recently. more like 75% to the downside. the average stock is down close to 1% in the s&p it is the big caps holding things up. nothing too severe or a washout. looking at risk behavior and cyclicals, utilities essentially flat it shows you people want a highly geared portfolio. then the volatility index has been quote normalizing getting back down to 20 level hovering around 21. i mentioned before it is a heavy call buying speculative upside bets that is actually inflating it more than it otherwise would be. >> we have got 30 seconds left in the session woulder down 287 points on the dow, just shy of a percent so we are off the lows which were down 450 points s&p down half a percent. the russel which of course has had an unbelievably strong month is down 2% today heck and health care the two specific sectors, banks and energy at the botto

deir deirdre bowsa has details. steve, start us off with the economy. a busy day today. >> yeah. the federal reserve earlier this month at its meeting discussed asset purchase but saw no immediate need to adjust i think a bit of a disappointment to markets that might have been expecting news at the upcoming december meeting. it could warrant a change to asset purchases and did see downside economic risks from the virus surge, as well as a lack of fiscal policy it said emergency facilities, the ones that secretary mnuchin said he was not continuing, were serving as an important backstop to the economy and some of those wanted to see those extended beyond year end. i imagine one of those was fed chair powell a slue of data showing progress and pain in the economy. here is what we've got rising jobless claims, which might have been an early sign of a virus surge taking a toll. business investment was rising, although at a slower pace. consumer income declined that's because government benefits rolled off. salaries, on the other hand, were up. spending was up overall. savings were hi

deirdre bosa has the numbers for us >> sara, mixed results from uber on the heels of that regulatoryin in alifornia better than expected loss, 62 cents versus 65 cents the street was expecting. a revenue miss, $3.13 billion versus $3.2 billion expected you see the shares are down nearly 4.5%. remember though they were up more than 25% this week alone. gross bookings slightly better than expected. as we saw in the previous quarter uber has become less of a ride sharing company much more food delivery. delivery made up more than hoff of gross bookings this quarter adjusted ebitda, their measure of profitability on that metric, delivery is cutting losses but the more traditional net loss on this quarter is $1.1 billion bringing the loss so far to nearly 6 billion in the release, the cfo reaffirming adjusted ebitda profitability timelines. he says by the end of 2021, which has been well telegraphed by these markets and by investors. wheel jump on the call in about 20 minutes and hopefully hear comments on how the fourth quarter has been going back to you. >> thank you don't miss a first

the address book by deirdre. a standout book of sociological history and current affairs. world of wonders, the writing dazzles the marvel of being fully alive. the stakes are high by michael dennis l smith, an urgent and provocative work that deserves the broadest possible audience. and casts by isabel wilkerson, a memorable provocative book that exposes the american history and which the youth can take pride. to all of the finalists, we needed your voices this year. thank you for sharing your talent with us and congratulations to all of you. the winner for the 2020 kirkus prize for nonfiction is stakes is high. >> oh, -- i'm grateful to be a finalist, it is an honor. i didn't expect to win anything. i've been honored to be a finalist among such an amazing group of authors who are doing incredible work. thank you to the judges. thank you to kirkus. $50,000 the day before my birthday is a lot of money to be responsible with and i promise i will not let you down. my editor, the best editor and the whole world, makes me better writer. it is as muc her award as it is mine if

i'm deirdre jones and i want to welcome you to our final event for our constitution weekend. you may know me as a programming lead for the actor interpreters for free and end slaved black people. this evening i have the pleasure

i'm deirdre jones and i want to welcome you to our final event for our

deirdre bosa is following the news and has more. that could make that target more different to attain. >> while we recognize we still have enormous opportunity for growth, we're confident we can lean in and turn delivery ebitda profitable sometime next year. >> so, as our traders well know, adjusted ebitda is the measured profitable that uber likes to use. we did see some improvement there, but if we go the traditional route, net losses, uber has burned think $5.8 billion this year. he is alluding here to the opportunity of food delivery amid changing habits and the pandemic, but also -- with the likes of doordash, and grubhub, now, on prop 22, the q&a session is under way lots of questioning about prop 22 costs, of course is the california regulatory win. he's acknowledging it will impact rates, but does not think that would impact demand. >> dedreirdre, thank you. what do you think about uber, karen? >> i think they're trying to do the right things i think delivery, that growth was very impressive, clearly in a pandemic situation

i'm deirdre jones and i want to welcome you to our final event for our constitution weekend. you may know me as a programming lead for the actor interpreters and maybe recognize me for my time in colonial williamsburg, portraying free and enslaved black people. this evening i have the pleasure of serving as your moderator. i am also

deirdre bosa joins with us what to except after they report after the bell. >> reporter: they are thet recently cracks have started to show. it has been unpurchasing the broader markets. even a number of its stay-at-home peers this month as the reopening trade raises questions about the pace of its future growth and that sky high valuation that you mentioned for the third quarter, the street is expecting revenue growth north of 300% that comes on top of growth of 355% in the second quarter that raises a few key questions. one, how does that hold up when people go back to in-person work, at least in some form? those comps are going to be extremely difficult when revenue growth is expected to fall back into the teens next year. in the longer term, investors are asking can zoom be more than a video conferencing platform. zoom officials want them to become the go-to for every way that we talk to colleagues family, and friends, be that video phone, chat, or otherwise. the o.'s next big bet is the very things he disrupted, office phones and conference rooms. evident havors are eager to hear

i'm deirdre jones and i want to welcome you to our final event for our constitution weekend. you may know me as a programming lead for the actor interpreters for free and end slaved black people. this evening i have the pleasure of serving as your moderator. i am joined by alley and hope. hope wright, my dear colleague, began her career at colonial williamsburg when she was in the third grade. she was a performer in a play on my own time, and the black music program. she has collaborated with many other departments at the foundation as well as with other museums over the course of her career. she has worked a variety of educational institutions as an actress, story teller, writer, refer, and mentor. please welcome hope wright. >> thank you. >> our special guest, ally larson, is a professor of law and director of the bill of rights law. cynic she joined the william and mary faculty in 2010, she has received many awards including the statewide outstanding faculty award in the rising star category. professor larson is a scholar of constitutional law and legal institutions with a

deirdre gifford our public health put together a commission. we have relationships with the major pharmacies who will be able to ramp out that very quickly as well as to our nursing homes. our hospitals have the deep freeze capability. pfizer will deliver their vaccine in dry ice. we have to get it out the door and people vaccinated within a short period of time. we're working on it. i think we're going to be ready, but it is a herculean effort. we've got 3.5 million people. >> at one point your state had a $3 billion rainy day fund. i think it's safe to say it's raining right now. is that an option to dip into that and help the people suffering there? >> i'll tell you. if the federal government is going to stay asleep at the switch a little longer, which is a terrible choice for them, the states have got to step up. i go have a $3 billion rainy day fund. our first priority is going to be making sure everybody has the ppe, that everybody has the vaccination put in place the infrastructure. hoping that the federal government will step in after j

we now speak to deirdre mccormack who suffered sexual abuse within the catholic church as an adult.on. your reason for speaking out is presumably because of how the church deals with people who have gone to the awful experience you went through in the future. absolutely. what do you make of the response effo rts what do you make of the response efforts of our? well, today, to be honest, personally, at some level with the report is saying is that i was expecting even more damning and but i'm very shocked by is that it's just going to carry on. i do not understand why the pope has said that he wanted to stay on. if any other organisation where someone has felt like this, it would be asked to step down. why wouldn't he? shall we play back a little bit and suture make of them? i am not here to defend myself, iam here make of them? i am not here to defend myself, i am here to say that we a cce pt defend myself, i am here to say that we accept this report so that the church of england and wales, where really sorry for what is happened and we will show everyone here that will improve and s

there's another question from deirdre of "usa today" about which foreign leaders president-elect biden speak to in the coming days and what of those conversations about? i guess he overarching question is really fairly precedented situation of what is it, 78 day transition with an outgoing president that seem sort of determined to if that quite burnt everything to the ground maybe to certainly push back, not to cooperate in the transfer of power, and is sort of build up his position in the future. evan, could you talk to us may be about the dangers of what's going on at the moment, how rocky are the next couple of months might be somehow the biden team might respond? but more importantly really isn't any long term damage that could be done over the next two and half months that will not be easily repaired, not so much in the policy side but rather on the institutions of government and the health of american democracy? >> i think it's impossible to overstate how damaging it is to the short, medium and long range interest of united states 12 the president who appears to be fundamentally

. >>> right now over to deirdre bosa, who is on black friday deal watch deirdre, what have you seen sotes deals on black friday stay pretty steady. this year, though, there are those and a whole lot more, deals that started earlier and other categories like home decor and beauty are more popular than ever cracking the top ten list of most wish listed items through the app include a wooden salad bowl set from the food network and gramercy storage containers. aside from the big e-commerce names we look at, there are more deals to be found from smaller businesses, mostly on the large platforms. etsy, for example, is celebrating a cyberweek sales event with 60% off one of a kind items from personalized gifts to masks to juliry. and amazon has a support small section where you can look for local deals by region. in the pacific, there is net pods, dairy free crame eamer. but the most featured deal still on mazon, no surprise here, they are their own devices like echoes and ring doorbells. so we'll see if that sort of marketplace platform can make a dent for small businesses this season as th

deirdre bosa explains why. hey, dee. >> raking in over $74 billion in sales during the pandemic but that size and scope may not longer be able to throat china's anti-trust watchdog put the country's tech giants on noted, rooting out anti-trust practices. that took some $280 billion in market value out of the biggest names yesterday. big tech in america, of course, guys, have been hit by anti-trust scrutiny, but you've never seen their shares decline the way that alibaba, jd.com and others did in hong kong. that may be because regulators over there have more power to act without necessarily proving monopoly practices for now, beijing has only issued draft rules, but the concern is that the process through which they may become regulations may not be as transparent as they might be here. and that's exactly what alibaba president michael evans called for this morning when i asked him about ant group's delayed ipo. he asked for transparency to understand the rules by which the game will be played. that old playbook

gap down 8% based off of those earnings dell earnings also out out deirdre bosa has the results >> leslieising on the upside an annual decline in revenue was expected instead we got growth of 3% and a large eps beat on demand forry remote work and learnings solutions. eps coming in at 2.03 versus 1.40 expected. revenue at $23.5 billion versus $21.85 billion expected. client solution group, this is the unit that sells pcs and notebooks beating here as well, coming in at $12.3 billion versus $10.8 billion expected. the consumer business was helped by the continued demands for remote work learning and gaming solutions. dull digit growth in not books triple edit growth in chromebooks. guard der data suggested that dell was losing share to lenovo and hp investors are going to be listened to management's comment on the macro environment for enterprise going into next year as the reopening trade trends take hold and the possible rags from vm gear >> time now for a cnbc news update with sue herera. >> quarantining after exposure to the coronavirus may soon take less time. the "wall street journal

crossed 20,000 back in 2017 they are also among the biggest players this critical holiday season, deirdreuarely in focus and computing, of course, that's been a big issue, connectivity for productivity, during this covid time >> that's right, jon and we've certainly seen techs that have underperformed in the last few months, but of course some of the big names you outlined, they have brought dow to this important milestone and just to put this in context, from 20 k to 30 k, that's a 50% move in the dow. take a look at the other major indexes. the s&p is u

deirdre, thank you we have got some break news here on tiktok. kayla touchy has more. >> sara, the commerce department is not going to enforce its ban on tiktok. according to the "wall street journal," which sites a statement directly from the commerce department. in choosing not to go ahead with this ban, the commerce department in its statement to the journal is citing a preliminary injunction by a federal judge last month that essentially prohibited the ban from going into effect search rarely the commerce department's statement to the journal cites pending legal developments there are several court case involving tiktok and its operations some of them brought by tiktok stars that are still awaiting an outcome. cnbc has reached out to the commerce department buy phone and email. we are still awaiting a response of course today is the deadline that the administration had set for either the u.s. operations to be divested or the app to no longer be offered by app stores here in the united states. but it appears that commerce is not going forward

. >>> food delivery company door dash filing to go public deirdre bosa with details. >> food deliveryns a tough business in terms of competition and profitable but door dash's s 1 made it clear it leads the pack here it has been a beneficiary of covid habits this year also showed profits in the second quarter that's something uber hasn't even come close to looking forward as they get to embark on a virtual road show, there will likely be questions of sustainability once the economy reopens and expansion to all local business in the current economy. >> where is wall street on these types of stocks. >> it has been skeptical until now. we didn't have the numbers from door dash though to see a somewhat more high performing business model i think there has been a wait and see. i think there is a silver lining that uber is at least involved in this business at this time when ridership is down so much i think it is fascinating. they need the make this seem as if there is an unlimited total potential market here. all local services, anything that can be difd as opposed to deliver me food whil

the market ride sharing companies seeing a big pop after california passed a key ballot measure, deirdrere details. >> prop 22 passing, that is a major win for uber, lyft and gig economy companies especially as other states consider their own gig regulation it exempts the ride sharing companies from reclassifying their drivers as employees, a move that as we've talked about would have totally upended their business models and raised costs significantly for riders it didn't come cheap, though, supporting the initiative cost them $200 million. uber and lyft also still had to promise some benefits and a wage floor in exchange which will add to their costs uber reports tomorrow, guys, and lyft next week with some of the regulatory overhang resolved for now attention is going to turn back to the bottom line and those still large losses over to you. >> thanks so much. i think i'm picking that up. josh brown, what's your take on these names, i know you've always kept a close eye on uber. do you think this is very big? go for it. >> well, i own uber and fortunately this was one of the stocks tha

the evidence we were getting before this lockdown was that deirdre was sufficient to bring the r number we are seeing slightly stricter restrictions coming into force next week. when you hear the minister tried to reassure his sceptical backbenchers about how long the tiering system might last and talk about there might be another vote come the end ofjanuary to decide whether or not is renewed, i wonder what you make about? because on the face of it at the moment it seems ludicrous that you could get to the end of january or the ludicrous that you could get to the end ofjanuary or the beginning of february after that christmas relaxation, still in the middle of winter, and that tiering system still just banishing?” winter, and that tiering system stilljust banishing? i think it is naive if we think the tiering system or something like that is not going to completely vanish at the end of january. we know very clearly that yes, we have a vaccine on the horizon, but we are still some months away from building up to the levels where we are going to get herd immunity and will be able to rela

most of the chanukah period so again while celebrations might be different they will be a greater deirdre. even if it does not happen immediately for all of them, we hope and expect that the action we are taking out will allow these areas to move down to level two much more quickly than would otherwise be the case. let me turn now to watch level four means for people living in these areas. firstly, as is the case already, you must not visit other people's homes, that you can still meet outdoors with up to six people from two households. however, our advice with up to six people from two households. however, ouradvice is that you should stay at or close to home as much as possible. the purpose of level four is to reduce interactions between people from different households as much as possible, to reduce transmission as quickly as possible. that means limiting work and social contacts. those that can work from home should do so, though unlike lockdown earlier in the year, can structuring and manufacturing workplaces will remain open. only essential indoor retail will remain open. close cont