deirdre bosa >> reporter: harry campbell has been an uber driver since 2014. and he started a well-known blog among other drivers, the ride share guy, with the goal of helping drivers earn more by working smarter. he was one of the 57 million uber users around the world who had his data hacked nearly a year ago. but he along with others has only just found out. that's because uber paid $100,000 in hush money to the hackers to hide the breach from the public and from regulators for over a year. >> if uber lied to the federal trade comm while under investigation for a previous data breach and concealed this new one, that's a really serious claim and possibly a criminal one. >> reporter: uber's chief of security joe sullivan has taken the fall for the coverup. uber firing him and a deputy this week. he was a high profile hire back in 2015, coming from facebook as their head of security. in a blog post, uber's new ceo, dara khosrowshahi, wrote that he won't make excuses, and he can't erase the past but commits to learn from uber's mistakes. but the damage is alrea

for "nightly business repor" i'm deirdre bosa, san francisco. >>> so let's turn to dana chelsea, one of the top retail analysts on wall street, to get her take on which retailers could be the winners and losers. you spent the whole day shopping, essentially. >> yes, and i'm going back out there after this. >> thank you for interrupting that for us. what's your impression? >> i was out there last night and saw a lot of traffic, more than last year. today it was a different story. consumers have more options. black friday weekend started at the beginning of the month. post-halloween, you automatically get into the holiday shopping season. definitely special deals today, they're competitive. comparing the deals this year, compared to last year on black friday, essentially it's neck and neck, basically the same. >> who do you think will emerge as the winners this holiday shopping season? >> i think best buy will be a winner, walmart will be a winner. hollister is doing very well. old navy has a slew of traffic, as does bath and body works, a ton of traffic. children's place is busy. you

deirdre bosa put it to the test. >> reporter: jennifer is a blogger and works aull-time job at ernst & young. she's got a busy schedule and doesn't have time to baby-sit packages. so she jumped at the opportunity to test out amazon's new home delivery system that lets the courier enter her house and place her packages right inside her home. she was just one of three amazon customers that goto try the service in advance. so far she's found it a convenient way to monitor her deliveries and make sure they get to her. >> so i never take my keys out of my purse at this point. my car unlocks with a touch of the button. same thing with amazon key, i'm able to unlock my door with my code, i'm able to lock my door with the push of one but the and it's integrated and seamless. >> reporter: amazon key is now available in 37 cities. you need an amazon cloud cam and a smart lock. the kit starts at $250. the stakes are high. bad experiences could damage the company's reputation and open it up to legal issues. but if it works, amazon could be layi the groundwork for more sales and home services and

thank you >> thank you >>> new developments in uber's massive hack attack and attempted cover up deirdre bosaout west with all the details. deirdre? >> hi, melissa well, a new report says that current ceo knew of the hack two months before making it public of course, dara was not the ceo at the time, travis kalanick was back in the late 2016 when the hack actually happened, but dara took up this position in september of this year and apparently found out two weeks after becoming the ceo now, he did acknowledge he knew about the hack before disclosing it in that blog post last week and brought in a third party to investigate and issue some recommendations. separately, though, uber did disclose the hack earlier to softbank as part of negotiations on a potential investment. "that was consistent with our duty to disclose to a potential investor even though our information at the time was preliminary and incomplete once our internal inquiry concluded, we disclosed to regulators and our customers in a very public way. guys, i spoke to one cybersecurity expert who didn't want to be named because he

an earnings alert on payment company square let's get to deirdre bosa in los angeles. >> reporter: payment stocks are on fire, this year, nonmore so than square, up 170% to date even though it beat expectation this quarter, shares are a little softer in the afterhours, perhaps as investors take some money off the table after that big run. this year square has been moving up market and signing up larger merchants. it continued to do so in the third quarter. part of that push was rolling out its new all in one hardware offering, square register. its largest merchants category, that's businesses that do more than $500,000 in annualized gdp. they now make up a fifth of square's gross payment volumes this is an important group because it boosts square's revenue and they're more likely to buy into ott offerings which in turn drives revenue in share's subscription and services based segment this quarter the company applied for a banking license as it built up square capital, its loan business, on the earnings call ceo jack dorsey was asked about its strategic purpose and square's approach to bank

our deirdre bosa is at one market with the latest on them deirdre? >> good morning, carl.ares fell over 2.5% overnight on the defense of the decision to end merger talks with t-mobile. he said overnight that he felt, quote, great after the talks ended because it ended the indecisiveness and allowed him to increase softbank's stake in the company. he also talked about sprint's contribution to the business overall, saying that it is integral to the future of softbank and what he calls its core business, the information revolution sprint has been a bright spot in softbank's earnings as turnaround efforts start to take hold, but analysts have said sprint needs a deal to compete with verizon and at&t. when asked if he would still look for other partners, he said anything is an option without giving further details this morning or david faber reporting softbank is willing to regauge with charter on a deal also as part of that web cast overnight, masa commented on the $93 billion vision fund, which he credited to boosting softbank's overall operating profit and talked about the u

has only been in the job a few mountai months he has another crisis on his hands. >> thank you, deirdre bosa in san francisco. it appears to be phone number, et cetera, not social security numbers, maybe that's why it's $100,000 >> maybe >> another blemish for the company. >> it is again, this happened in the past we had a new ceo who was cleaning all of this up. presumably, this was in the past, it happened, we fired the guy and now moved forward. i think ultimately this is going to be a good thing for uber. >> yeah, but how do you trade other stocks around it great job with equifax, david said it's in the stock, you've got to get back in, it closed to 110 today. to me, all of this illustrates the need for these cybersecurity names. it's shocking to me, the names like symantec and fire eye haven't done better than they have palo alto networks the last couple of weeks has been doing pretty well. i think you want to turn your attention to names like this, because stories like this, there are going to be more like this and they will only getequifax h customers. you have an option to cancel you

groceries like snack foods and consumer packaged goods now that it has whole foods >> thank you, deirdre bosabeen a year ofdomination for amazon since it announced its deal to. whole foods. stocks like walgreen and general mills have lost a combined market cap of $47 billion. will this destruction company? can we extrapolate what happened in that sector to what could happen to the furniture sector >> it will continue as long as amazon keeps getting a pass for not making money and jeff bezos realizes that he's on a wrecking ball through retail saying, you know what, i can lose money on this product and put you out of business because my stock price will go up every time i announce a new market line. >> is there something different about this or is this show boating, what we used to do about best buy >> it's okay >> mel does it >> die i do it on expedia so you can't even showroom anywhere >> no, what i'm saying is you can see the general idea these are sort of the same things. i know they're private label, but a lot of these things are replicas of something else what do you do, is this somethin

deirdre bosa has the numbers deirdre?lly, hi, mike salesforce fiscal third-quarter earnings beating on the top and bottom line. eps coming in at 39 cents adjusted 37 cents was expected by the street also revenue a little higher than expected. $2.6 billion was expected. coming in at $2.68 billion that's a jump of 25% looking at the product segments, subscriptions and support. that coming in in line with expectations $2.49 billion. we also, the company telling us guidance for 2019, revenue guidance for fiscal year 2019 in line with expectations between $12.45 billion and $12.5 billion. we are seeing a little bit of weakness in the stock down art .6 of 1% that may be because president and ceo keith block hinted on good earnings on analyst days, something analysts took note of, perhaps raised expectations for this quarter on the call we are looking for some color around salesforce's a.i. offerings. einstein business. been pushing and made a big push at dreamforce to show how it's resonating with customers. we're also looking

let's get to deirdre bosa with square cfo sarah friar in san francisco. >> that's right, we have sarahar here right beside me, and i know you guys were down a little after the earnings, but i also want to pull up a 12-year chart and show square shares have nearly tripled in the last year, so this quarter another great one. bigger merchants making up a larger portion of shares, business, nearly half of the payments volume. you're actively recording them, too, came up a square register to better serve them what is the strategy here, how big are you looking? >> sure, ultimately we want to grow with our sellers and there isn't a cap to them. as you pointed out, we brought together all the best parts of square, hardware, software, managed payments we think that does open the door to really large merchants coming on the platform. we talked about one where we think they can bring 100 venues on to the platform, so a big part of our growth, 64% year over year this quarter >> what i'm getting is, how big could we see it, could we ever see another starbucksized deal that was a long time ago when

deirdre bosa has made her way to a whole foods. >> reporter: kelly, that's right.his is a different kind of holiday season for amazon. after its acquisition of whole foods, more than 450 brick and mortar grocery stores like the one right behind me. this year amazon is slashing the price on items like organic turkeys, shrimp, broccoli, potatoes, and other items just in time for the holidays organic turkeys are $3.49 a pound. prime members pay even less, $2.99 per pound. also on display, something that you would not have seen in previous years, lots of devices on display, from echoes to kindles to fire tvs, all amazon products within this whole foods and many others across the country, you'll see amazon's emerging online/offline strategy. some have suggested that cheap prices on thanksgiving foods are a gateway to get consumers who are used to shopping in physical stores into the door and accustomed to amazon's ecosystem and line of devices. but kelly, that may take some time we were here yesterday and we spoke to six customers not a single one of them either had an

deirdre bosa watching the uber hack today >> when we come back, just two days away from black friday. the former ceo of bloomen dale's about what traffic trends will be like this year >> plus, meg whitman stepping down from the helm of that company, what she said to say about its future, a possible run w wn 2fice, and a lot more dodo4 points "squawk on the street" will be right back stay with us you always pay your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >>> black friday just a few days away with many stores getting ahead of the curve by opening as early as tomorrow night. walmart, kohl's, best buy, all opening thanksgiving night another way to combat amazon this holiday season. for more on the state of retail winners and losers,

. >>> welcome back we have an earnings alert on vmwear now deirdre bosa, how'd they do?y, kelly, the third quarter report coming in better than the street was expecting we got a big beat on the bottom line eps at $1.34 versus $1.27 expected a small revenue beat, $1.98 billion versus $1.96 billion that was forecast. its biggest services business need up $1.19 billion in the quarter in line with what the street was looking for last year it moved away from trying to build its own public cloud and competing with the big guys to actually partnering with them, instead, the big one was aws and reinvented this week, announced plans to expand its partnership with amazon that has served the company well, made it easier for i.t. departments to use its products. it's up 50% year to date and a strong showing in the after hours, it's now up >> thank you, deirdre. feels like there's a lot of consolidation starting to happening. >> a tremendous amount of jockeying, partnerships, people trying to fill out their offering for now, they like vmware. it's got a big install base in all those

intuit's results are out deirdre bosa has that for us. >> intuit, software firm and pay maker of turbo tax and quick books reporting first-quarter earnings, huge beat. eps up 11 cents adjusted versus 5 cents expected a less big revenue beat coming in at $886 million versus $856 million which the street was expecting as they're gearing up for tax season, ceo and chairman brad smith saying this is a strong start to the quarter you're seeing the stock lower by about 2/10 of 1% q2 guidance is slightly above estimates, full-year guidance is in line and we see the stock losing a little bit. back over to you guys. . >> deirdre, thank you. mike, anything to adhere i mean, is it interesting the market is taking this as a negative >> i would say the thing to keep in mind, this company like h&r block makes the vast majority of its revenue in the april quarters i mean, its earnings this is actually the weakest seasonal quarter for them so it's all about kind of what they're saying about the next quarter and the fact the stock's up huge. it's been caught up in this whole kind of software platform m

. >>> amazon customers can get the new amazon key today our deidre bosa let total strangers in her house to test it out deirdreeporter: not in my house but i did see what it looks like goes live in 37 cities, the service that lets couriers enter your home or someone else's home using the camera-assisted remote-operated lock when you're not home as we've talked about, it's not hard to see privacy and safety issues like pets escaping, accidents or even the thought of potentially letting thieves and murderers into your home so i certainly have that in mind as we saw it in action with one of three customers that they let test in advance. now the courier was unable to lock the front door and after amazon verified he was at the right address, the cloud cam caught the entire thing. all pretty smooth but i couldn't help but notice how much privacy you potentially have to give up for the convenience. the camera shows nearly the entire living room including the couch that you would be sitting on to watch tv i felt bad for the poor dog who had to stay outside and he would have to stay outside for an entire day when a del

. >> wow >> eunice thank you >> wow >> our tech company here in the u.s., high deirdre bosa. >> hey, predicting more than 30% jump in transaction. they should take the final growth merchandise volume that gmv numbers that you see right here above $12 billion, they should take it with a grain of salt this is used to measure singles day sales. analysts have contented in the past that a portion of sales are fake by merchants in china want to boost their numbers they also increasingly got enon the festival and takes more sales away from alibaba. looking beyond its impact quarterly and annual earnings for alibaba. integrating the online and offline. that may look like a futuristic version of what jeff bezos are trying to do with amazon new retails are going to be critical for their business and brands in the future >> a huge play here in data and technology which is brand building and customer building for merchants and brands. some of the most popular brands are nike, apple and playboy. no joke there, you guys. >> thank you very much >>> shares are nearly doubled here here is how to brea