david: thank you, emma chandra. four days until the midterm elections. we talked to a democrat and partyican about what each is counting on to make the difference. this is bloomberg. ♪ e. this is bloomberg. ♪ david: it is balance of power on bloomberg television. i'm david westin. mark crumpton has first word news. secretary of state mike pompeo says eight governments will get temporary waivers from u.s. sanctions on the import of iranian crude but no european union nations are among them. the countries receiving exemptions have said they will move toward reducing oil imports from iran to zero. treasury secretary steven mnuchin says the u.s. is intent on stopping global funds from coppers.nto tehran's the sanctions go back into effect monday. the u.s. has removed turkey from its official sanctions list. the state department lifted sanctions on to turkish officials targeted in retaliation for the country's attention of an american pastor. andrew brunson was released last month after two years of confinement. a florid

let's check in now on the bloomberg first word news with an update from emma chandra. ma: the trump administration is ramping up pressure as it has imposed sanctions on entities. it is part of the efforts to thwart iran's maligned activity in the middle east. temporary waivers for some countries. in china, the president has hit back against president trump's protectionist trade practices. he said the winner take all parties are a dead-end. he will keep china's markets open. in the u.k., theresa may's cabinet will discuss write it tomorrow -- brexit tomorrow. may is likely to update the cabinet on the technical negotiations. her team hopes to sign a deal with the european union later this month. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i'm emma chandra. this is bloomberg. wavering with up, china trade. this is bloomberg. ♪ guy: live from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." the u.s. and china trade deal is fading. china's p

we turned to emma chandra with first word news. speaking of the president's tweeting, he resumed tweeting on america's border problems today. he urged mexico to deport flag-waving migrants, many of whom are still called criminals. his tweet came a day after u.s. agents on the border used tear gas to disperse migrants. refueling of tensions between russia and the ukraine. russian forces fired on three ukrainian ships and wounded some of their sailors. the attack took place in the kerch strait. russia says the ukrainian ships violated its waters. the un security council will meet on the matter later today. the uae has pardoned a british academic sentenced to life for spying. matt you have is -- matthew hedges denied he was doing anything other than research, is video supposedly saying that he spied for british intelligence. global news 24 hours a day on air, and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. thank you. we sat down with saudi ar

this is bloomberg. ♪ emma: this is emma chandra in the hewlett-packard enterprise green room. . ♪ emma: the white house is circulating a report on whether to impose tariffs on car imports to protect national security. bloomberg has learned that president trump will meet with senior members of the trade team today to discuss how to proceed on the tariffs. the parent of google says it can do better when it comes to sexual harassment in the workplace. they outline steps the company is taking to rectify in number of issues. google employees around the world gave reports that they gave millions of dollars of exit packages to those accused. berkshire hathaway home services second --ing a that is your "bloomberg business flash.". david: home depot announces third-quarter earnings, leading across the board. maces is out tomorrow followed by walmart, jcpenney, and nordstrom's. welcome to stephen sadove . what do you expect could home depot got off to a strong start. stephen: strong numbers for home depot and you will expects several -- more out of several others. i would expect it is a

emma chandra is here to break it down. have a bit of a retail bloodbath yesterday with l brands closing down close to 18%. it has been falling for the past eight days, losing some $200 billion. a number of america's biggest and best retailers reporting earnings. for the most part, earnings have been good. we saw average sales growth topping but still we are seeing a number of retailers in bear markets. 66% of the consumer discretionary sector in bear markets. the likes of gap stores closing -- arnings missed what might be behind all this pessimism? we look to the earnings calls for some of the biggest retailers like walmart, kohl's and look at the words that came up the most. investors are still interested in how a number of retailers are leveraging their real estate. look at margin and inventory. references to those outstripping references to online and e-commerce. that should should concern on whether retailers are getting into online shopping for how they are having to pay for it and spend and invest to capture customer

emma chandra is here with first word news. an, surprise developments involving carlos ghosn, one of the best-known executives in the auto industry. the japanese company is preparing to dismiss ghosn after uncovering acts of serious misconduct. japanese news media reports ghosn has been arrested over the breach of financial trading laws. trump u.s., president says the u.s. will issue its own report on the killing of komal: 70 by tomorrow. the present -- of jamal khashoggi by tomorrow. the cia has concluded that saudi salmanrince solman -- -- >> theresa may is speaking to the confederation of brexit -- it has little support among her own conservative party. some of those lawmakers are campaigning to get rid of her. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am emma chandra. this is bloomberg. alix: in a bid to get business deal,fter the brexit theresa may spoke with business leaders in london. >> while the world is changing fast, our geogr

return to emma chandra with the first word news. od morning, david, more bad news from california, another six dead have been found in northern california, raising the death toll to 29. another two people have died in fires in southern california. more than 6700 homes and other buildings have been destroyed, and almost 250,000 people remain in vacuum it it. high winds again in the forecast. in florida, the senate and governor elections have gone into recount, setting off outcries by the republicans, led by president trump. thepresident tweeted that democrats are trying to steal the election, but offered no evidence. acting attorney general matthew whitaker signaling that some of the worst fears about him would come true. withberg news has come up a story that whitaker had said the robert mueller probe could be halted by withholding funds in riyadh global news, 24 hours a day, on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm emma chandra. this is bloomberg. david? david: t

this is bloomberg. ♪ emma chandra joins with more. ma: gm says they will come within 10,000 -- within 10,000 -- emma: trying to look fairly cool. this also follows that round of buyouts g.m. had back in october. on top of those job losses we've already seen this year. david: how much of this is because they are softening demand and how much is because they need the cash? emma: you mentioned the two things that seem to be the big drivers. ,he first thing at play illustrated in the chart that shows you falling u.s. auto sales, they back in 2016, a record year. falling in the u.s. and also in china. us those areas where we likely see those plants. another chart shows the u.s. auto sales as they are falling. pete back in 2016. -- peeking back in 2016. mary barra saying she wants gm to be lean as they head toward that period of slower growth. you mentioned that shift to electric vehicles. i've got a chart that shows the market cap of tesla, ford and gm. chart.te line on this that is despite all the problems we saw for tesla over the summer.

emma chandra has first word news. southern california, a gunman broke into a country and western bar last night bronx moat grenades and opening fire. he killed 12 people including a-shares deputy. 10 others were wounded. the gunman was found dead inside. authorities have not identified him yet. we have no idea there was a terrorism link to this or not. these are ongoing investigations and that investigation will come out as soon as we are able to determine exactly who the suspect was and what motive he might have had for this horrific event. the shooting took place in thousand oaks, california, 40 miles from downtown los angeles. the president has tweeted he has been briefed on the incident. a critic of the russian investigation is now supervising it. president trump named matt whitaker to be acting attorney general. whitaker is a temporary replacement for jeff sessions, who resigned at the president's request. president trump quickly criticized sessions for recusing himself from the russia investigation. opec is cons

emma chandra is here with "first word news." esident trump has rallies in ohio, pennsylvania and missouri. thee are no guarantees and party gap has narrowed in recent weeks. those u.s. sanctions on iranian oil sales lifted in 2015 as part of the nuclear agreement are now back in place. president trump is a filling his promise to increase pressure on iran over what he calls its maligned behavior in the middle east. themiddle east will -- united states will provide waivers to certain countries to allow them to keep importing iranian oil. is hittingi jinping back against president trump's protectionist trade policies. he also promised to further cut tariffs on imports and open china's market. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david: candidates and party leaders at the weekend across the country trying to motivate their rating -- they're voting bases including president trump and former preside

emma chandra is here with first word news. is coming out with new rules aimed at choking outmigration from latin america. people who illegally cross the border from mexico into the u.s. would be restricted from claiming asylum. president trump has blamed asylum rules for loring thousands of immigrants per year through central american countries. -- stabbing attack linked to terrorism. they say a man got out of a pickup truck, which then caught fire. he stepped three people before being shot by a police officer. the attacker died, as did one of his victims. his truck contained several barbecue gas cylinders. in california last night, thousands gathered for the visual to honor those killed in the latest mass shooting. a former marine veteran who may have had ptsd entered a country music bar and killed 12 people, then apparently killed himself. no word yet on what the motive may have been. authorities don't think the shooter targeted anyone. global news, 24 hours a day on air and on tictoc on twitter. powered by more than 2700 jo

emma chandra is here with more. it is not the first time apple has had trouble. : friday and today the stock is down almost 10%. shares other worst day since 2014. it started with the earning results that came out on thursday night which says it has guided iphone sales over the holiday quarter. apple hadday that told to halt plans of the digital production line dedicated to the iphone xr. that is its newest phone that has gone on sale in october and has been expected to be a big seller. it turns out fox, is using 45 production lines when they were planning on 60. it has had a big impact on the stock and the market capitalization of apple. take a look at the bloomberg. we now have no companies that are over one julian dollars, and not anyone -- over $1 trillion and not anywhere close. david: they said we will talk about how much money we are making and not how many iphones. does it look like that is a mistake. emma: a lot of investors are worried about that. nine says a lot of the calls he has been taking from investors are on the issue. he says it has been about g

joining us live is emma chandra. i hope you are staying warm down there. us how it's looking to you. emma: it is a little bit warmer than it was at 6:00 this morning. also a little bit busier than it was. times quite quiet at that but now the crowds have returned. we spoke with the ceo earlier and he said the busiest time for this store, macy's, will be between 12:00 and 1:00. a lot of shoppers inside. a lot of shoppers around 5:00 yesterday also when they open. he also said macy's was off to a strong start, traffic was good. he also talked a lot about online spending. >> online traffic has been terrific. online is great because you good to see how it is tracking by area, what are the great specials, values that are resonating. we opened up at 5:00, i was here to see the crowds. heavier traffic than last year. the start has been strong. it was up until about 2:00 when we closed our stores and then reopened again at 6:00. it started out well. emma: that has been borne out by another -- a number of other people, saying traffic is ok but online is strong. ado

here to discuss we have emma chandra and darren baker. does this mean for amazon, walmart, target, and others when there is still so much uncertainty about what will happen? ml: you said it best -- emma: you said it best. the big problem is uncertainty for all of the retailers. they do not know what will happen. tariffs are tweeted about by the president frequently. we think there will be -- between u.s. and china. the market often reacts and then things might get worse. i was reading a note from the head of political analysis at ever court and he said he is putting it 95% chance this meeting between president trump and president xi is just going to be a grip and grin. we are not in the see any resolution. that is exactly what retailers do not want. they want to see some resolution. the report in the wall street journal says they are trying to cover their bases ahead of this possible increase in tariffs in january. they're are stalling to look at their supply chains. i have been speaking to a number of ceos from retails and they say the u

emma chandra, what is going on?: halliburton is one of largest oil services in the country, manufactures drill bits, pumping services, drills new wells. it's been hugely impacted by the slide in oil prices. the stock has already had a tough year. oil prices falling through the year. wti already down 20% since its october high. headedxas intermediate for its 10th straight daily loss, the longest on record. in the bloomberg, i have a chart showing what oil has been doing on a weekly basis. this is over a few years, but if you look at through 2018, wti only had eight of weeks since may. craig: what are we expecting in this upcoming opec meeting? of course, a geopolitical minefield. opec is meeting with its members in abu dhabi. what they had been doing, they had been restricting production to drive prices up. then donald trump came along and said i want prices lower, so they came under a lot of pressure and started to pump more. this coincided with an increase in u.s. crude production. basically we had a glut of oil an

harrodshat was the managing director, michael lord, with bloombergs emma chandra.loomberg technology." be sure to follow our global network tictoc on twitter. this is bloomberg. ♪ >> the following is a paid advertisement for credit secrets. the product endorsers who appear have been compensated for their travel and lodging costs. all of the endorsers are actual and enthusiastic and successful users of the "credit secrets," program. ♪

time now for your bloomberg business flash with emma chandra. of general electric fell in free-market trading and analysts from deutsche bank cut their analysis on the stock from one third to seven dollars. there is continuing questions of ge's liquidity outlook. market values have fallen by more than half this year. -- is spending more time in a japanese jail. the prosecutor has extended the detention of the former nissan chairman, facing allegations of financial misconduct. adding an additional 10 days. the u.s., canada, and mexico have capped a year of tense negotiations by replacing nafta. the agreement still has to be ratified by lawmakers in three countries, but it enacts a number of immediate provisions such as protection from auto tariffs. david: thank you. tomorrow, mexico's president-elect will be sworn into office with a fair amount of doubt about what a man who ran for the left wing will mean for economy and business. our next guest is no stranger to mexico, with more than 7 million moree feet of property and plan for expansion. onre

emma chandra has more. this is really about a data hack.mma: the company says it is investigating a hack at its starwood unit guest reservation database, and the hack could affect 500 million customers. of that, two thirds of them will have had data taken including passport numbers, mailing addresses, and credit card information could also be included. david: what is the company saying about the hack and how they are fixing it? lookingey say they are into it. investors are voting with their feet today with the stock down over 6%. take a look at this chart. you can see the way it is performing. the white line, versus what analysts think of the company, the blue line. we have had some news from analysts today. there have been two different opinions. the analyst at jefferies saying the news will pressure the shares in the short-term, but in the long term, there should not be any implications, marginal. morgan stanley is more cautious. they have been comparing data breaches with other companies where we saw millions of accounts hacked. they sai

emma chandra at macy's. this is "bloomberg." ♪ i am a family man. i am a techie dad.el effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. tom: bloomberg surveillance. good morning. francine and tom. there is news flow and it sits around oil, doesn't it? oil is moving. isncine: it is moving and it because there are supply concerns, the fact there is oversupply. we did see brent touch below $60. i made you a chart. you can see the dissent of wti. it is the seventh weekly loss. tom: the seventh weekly loss, some acceleration to it. this will be globally changing if we get a 49 handle on west texas intermediate. with your friday briefing, here is taylor. hopes tohina says it meet the u.s. halfway on trade issues when president xi and president trump talk next week. that meeting is set for buenos aires. president trump says china wants to make a deal badly. the bipartisan investigation into russian election me

taylor: bloomberg's emma chandra joins us now from macy's and herald square -- in herald square.hat are macy's and other retailers saying about this black friday versus years previous? to see jeffgreat earlier this morning. they got off to a strong start. he said traffic was up. he mentioned big crowds when they opened at 5:00 p.m. yesterday. i was here at 6:00 a.m. this morning. it is now a lot busier. i was just in the store. the ground floor was packed as shoppers are getting accessories and handbags. wasne, jeff gennette talking about it doing well. a number of figures out today from adobe analytics. saying $643 million has been spent online as of 10:00 a.m. this morning. sayingthat puts us on track fo4 billion to be spent online today. they skinning itself, $3.7 billion was spent online. of that, $1 billion was spent on mobile devices. joe: is there a demographic, for a sort of character of the type of people who show up and stand in line early on black friday? are they thrill seekers they really like the crowd, and the bigger the crowd and longer the line the more fun it is

re bring in our bloomberg ancho guy johnson and emma chandra. what is the feeling in london? david, is how i will describe what we are seeing here today. it started off with the resignation of theresa may's breakfast victory, dominic rob. -- brexit secretary, dominic rob. may talked about the deal that she had together. she was pressed throughout the session on what a plan b would look like. unfolding,ion was and it was to a half hours long, even with the chamber itself, the starting of the rebellion led by the drg, the european research group, they were huddled in the corner and then lessons are important, because they go to the chairman of the 1922 committee. if we get 48 letters calling for a leadership challenge, then there will be a leadership challenge. that is a difficult balancing act, although brexit is, because if they fail in that leadership is.lenge, theresa may safe for another year not only has she had to do with the back was brexit plan, but she has had to do with a potential leadership challenge against her. just to wrap up the arithmetic surrounding that brex

chandra,rned to emma with first word news. u.s.s.order may fire on anyone who commits acts of violence. >> anybody throwing stones, rocks like they did to mexico, where they badly hurt police and soldiers, we will consider that a firearm. there is not much difference. you get hit in the face with a , it was violent a few days ago. there he violent. david: the closest group of migrants is still hundreds of miles from the border. hair when is still the highest drug threat in the united states. 72,000 deaths in 2017 from opioid related overdoses. federal officials are concerned methamphetamine is rising in areas not known to be hotspots for those drugs. drug enforcement administration comes back with its threat assessment today. level news, powered by 2700 journalists and analysts. this is bloomberg. out, oilvron earnings and gas production at a record. they started the buyback in the third-quarter. it is going to be pivotable -- pivotal. if you are delivering on production and buybacks that makes investors happy. david: exxon will? ali

this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak," i'm emma chandra. coming up. g. ♪ emma: this is "bloomberg daybreak," and i have the bloomberg business flash. bank of america and deutsche bank may be john into one of the biggest money laundering investigations in history. -- may be drawn into. investigators have asked about jpmorgan. more asset sales at general election, they have agreed to sell a portfolio of health care leases for $1.5 billion. the buyer is a florida lender. musk is coming for a visit. he will walk entire model three production line on november 27. vehicles,ry sales to all facilities need to be able to support 1000 cars made per day. that is your bloomberg business flash. billions of dollars have traded hands in the art market, culminating last night with the record purchase of a portrait. the highest price ever paid for the work of a living artist. we are joined by the man. great to see you. >> great to be here. alix: did you expect $99? >> we did -- did you expect $90 million? >> we did. people are fascinated. joe lewis was determined to ha

emma chandra is here to break it down. concern was that the trade war would take a bite of farmers purchases. emma: it is a complex story. top line numbers, earnings shares missed. sales missed by $300 million. earnings forecast broadly in line with estimates. trade was the concern. they said they were being hurt by the trade war in a couple ways. higher steel cost dragging profits and tractor sales growth slowing. they did not offer guidance for first quarter. for 2019 it would be just 7%. havefs on soybeans, you tractors,y sales for that they might export to china. that was concern about from them. nevertheless, we heard from the executive who said the warning for the year ahead were conservative. kevin: that is where i want to pick up. later on, art is a trump economic advisor, and he is a descendent of the trade policies but we are seeing in real-time how the trade policies are impacting companies and farmers in particular. what are concerns and how are they building it into growth forecast for the next calendar year as

to find out what is going on outside the business world, emma chandra has business news. been discussing, a pair of resignations has rocked british prime minister's brexit plan and has thrown her government into crisis. aminic raab and esther mcvey quit the cabinet, saying they could not support the plan collectively approved yesterday. it is very helpful. several junior ministers have also quit. may told parliament today she has taken the right choices, not the easy ones. opposition leader jeremy corbyn called the plan half ached and that they should withdraw it. john is trying to resolve a trade war by outlining several concessions to the trump administration. structurall looks at reforms that president has been demanding. it is the first sign of movement since the summer. the president and the chinese meet later this month at the g20 summit. aimident trump took special at robert mueller today, calling the investigation into russian election meddling a total mess. the president accuses his prosecutors of screaming at people and horribly threatening them to come up with

as they launch their holiday shopping campaign, emma chandra set down with the ceo and the age things update on kohl's partnership with amazon where customers can return kohl's'roducts in stores. >>. >> we have expanded in l.a. and chicago and recently we went to wisconsin. 100 stores, where it relates to customers bringing in their returns to kohl's. it is a great benefit because they do have to package it up, it is free, they don't have to ship it out. all they do is bring in their goods and it is a very seamless process. when we started, one of the first things we wanted to see is whether the operation would work and customers would use it. now, we need to make sure that -- oppositionfit from both us and amazon is a sustainable idea for us in the long-term. is it driving traffic? are you having more people coming into cold stores? michelle: we are up now against a very important season for holiday and we do a lot of analysis. make au think he will definitive decision after the holiday? michelle: i do want to get the holiday behind us and i know amazon wants to as well. to your ques

re bring in our bloomberg ancho guy johnson and emma chandra. what is the feeling in london?ill describe what we are seeing here today. it started off with the resignation of theresa may's breakfast victory, dominic rob. -- brexit secretary, dominic rob. may talked about the deal that

vonnie: emma chandra, thank you for the stock of the hour. completed the purchase of aetna after new york state officials said the merger could go ahead. several states were making decisions on this. now it is all done. cvs completes the purchase of aetna. this is bloomberg. ♪ ♪ from london, i'm guy johnson. vonnie: from new york, i vonnie quinn. this is the "european close" on "bloomberg markets. ♪ guy: here at the top stories we are covering. the fed wants and rising trade tensions could trigger a big asset price drop. speaks atthe chairman noon eastern and we will bring that to you live. brexit break down. the bank of england is about to publish the effects of breaking away from the e.u. we will bring that to you live. 600redit is forced to pay more pounds. is on the other side of the trade. let's talk about the markets and show you where we are in europe. we are still waiting for the main event of the day and that is the statement

i want to send it over to emma chandra. welcome to bloomberg markets. ata: we are looking at 97.5.oming in this is the final print for november. tell us more about how consumers have been ingesting the results. existing home sales rising to 5.22 million. the estimates have been 5.2 million. the housing sector something we have been taking a close look at. mortgage rates might be affecting the sector. let's move now and look at u.s. equities. we are looking at above it of a best at a little bit of a --at a little bit of a mini rally. -- nasdaq up over one poin 1.2%. trading volume is lower on the s&p 500 as we head into the holiday. down about 15% below the 20-day moving average. investor sentiment is still fragile given all the volatility we have seen in the markets since october. which way could we had? look at this chart. that we areing seeing s&p 500 valuations falling. they have fallen to a five-year low. there are two ways to read this chart. you know we are set for a bit of a bounce or the forecast out of earning season could be a little too optimistic. here is something we h

emma chandra has the latest. emma: it is soaring today, of over 2% at one point.heard from the head of the california public utilities commission, saying he could not they a position where would allow to go into bankruptcy. they have been concerned about the liabilities of the wildfires in california. the stock move today is impressive. over two weeks from you can see pg&e was a $50 share company, now much lower. so it has a long way to go. jason: thank you so much for the stock of the hour a red from new york, this is bloomberg. ♪ traditionally, only think about maritime, the given the crease relationship between asia and latin america, -- >> infrastructure sounds nice, but if it does not generate business, it is not good infrastructure. note said clearly we are building a garden in our backyard. we are interested in building a beautiful garden with beautiful -- and jointly all the nations in the world. [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went m

taylor:, chandra live from macy's -- emma chandra live from macy's. 1:00 p.m. the busiest time a i will be therend. -- and i will be there. this is bloomberg. ♪ guy: quick check of the price of crude, it is the big story today. we have seen an extension of the slump we have seen coming through. let's figure out what is happening. scott joins us from the cme. scott, you are talking to people on short, what was the catalyst for today's selling? scott: continuation from earlier in the week. now you have conflicting reports coming out of saudi, are they going to cut back, are they not going to cut back, what will happen with production? then we saw further news come out, another report of a massive amount of build up that we have here. it is that perfect storm of what we are seeing between a massive buildup, the amount of shale we are producing here, and quite frankly there is some concern between what is going on with president trump and saudi due to the jamal khashoggi situation. -- they are cleocin and are then not going to cut back, is there a deal that will be

and chandra has the details -- emma chandra has the details.d day of raids over suspected money-laundering and the surge is said to include the offices of the eight members of the management board. we are looking at leaders within deutsche bank being drawn into the scandal and now we see the stock fall some 3%. take a look at the bloomberg and i got the daily moves for deutsche bank over the past year and we can see is a 3% drop doesn't seem to be as bad as it used to be. we've seen the stock plunge much lower below that and it is becoming normal, it hit a record low today. the previous record was only set earlier on this month. we are seeing another day of raise and another day of more scandal for deutsche bank. vonnie: negative news just keeps piling on. any end in sight? emma: it doesn't seem to be for the for seeable future and it's really tough for the fourth ceo deutsche bank since 2015. his appointment was supposed to herald a new era that's very tough for him given that he's the deutsche bank writer. vonnie: thank you. nowre seeing the

joining us from macy's flagship store is emma chandra. today is black friday. s on the outside. it is still cold, emma. emma: it is still absolutely freezing, but we are starting to see a steady stream of shoppers heading into macy's and a number ofe them carrying full shopping bags, which i'm sure will please the likes of the macy's ceo, who we will be speaking to in the next hour. this store has been open since 5:00 p.m. yesterday and sales associates tell us it has been busy since then, through the evening. you mentioned how cold it is. double-edged sword for retailers. it might mean people stay at home and shop online, and when you want people to come through the store, that's not necessarily a great thing. that it could also mean people are more willing to spend on high ticket items like winter apparel, winter coats and winter sweaters and things like that. so far, what seems to be looking analytics, is -- which said as of last night, one point seven $5 billion have been spent online so far this thanksgiving holiday shopping weekend. david: projections are

emma chandra is here with more, and this is all in that unit they did a big $30 billion deal to purchasene of the worst performers on the s&p 500, really struggling today after there had been a hack of the starboard unit reservation system. -- 500 5 million million guests' data had been affected, including names, birth dates, and some passport credit card data. the breach goes back to 2014, when unauthorized access has been able to get into the reservations system on the star word unit. that was before marriott bought starward. caroline: part of the appeal was that it had this popular loyalty program that would bring in more travelers marriott. is -- travelers to marriott. is that brands now damaged? emma: marriott's biggest asset is the network of affected customers in the loyalty program. he says it is too early to tell whether customers will exit the rewards program or maybe not sign of any further, but a huge number of those people will be affected and concerned about this. we know that the marriott ceo today was saying that they will do the best to make sure customers feel they will

emma chandra is who to make sense of it.sost fall yesterday heard best buy did better, and it is falling today. other retailers doing well. the issue could be a renewed focus on margins over this life after a note from morgan stanley where they said hardline retailers, this bike, target, lowe's, are likely to come in to thee margin pain due amazon effect, sing traditional retailers really need to of their game when it comes to e-commerce. they acknowledged that best buy is further along than others when it comes to that. they are talking about when you're shifting to e-commerce, a lot more costs come with that like delivery, and that could cause a lot more pain for best buy. this is despite a pretty good earnings report. talk about the solid set of burning spirit it was a bit of a standout. lisa: they beat estimates. i have a chart here showing the positive same-store sales, the seventh consecutive quarter of same-store sales. in the positive. and they scored a couple upgrades off the back of this strong earnings post yester

i'm emma chandra. this is bloomberg.have been watching prime minister may set the stage for the cabinet meeting, of him before parliament to say that she has come up with a good deal that will benefit the united kingdom. that. waiting for maria, good to have you here. what do we know, what don't we know is in the deal? good morning. it's been two years since the u.k. voted to leave the european union and she finally has a deal. we understand this is a technical agreement, 400 pages long, but very few people have seen it. they are concerned about leaks, they don't want this to be cut off before it can fly. theresa may thinks it is a good deal, but at this point, frankly, it is the only deal she has got. that is what she will be arguing when she meets the cabinet at 2:00, saying we are not going to get a better deal. some of you probably don't like it, but it is all we have. the question is if the cabinet will clear it or not. isid: you just told us it 400 pages, i understand the members of the cabinet have not seen it or

here is emma chandra. the retail select spider etf, 2.9% at the moment.lier today, continuing to see a big selloff in what is interesting day, thedown 48 in the longest losing streak since 2006. we are not seeing massive outflows at the moment. we are seeing a retail selloff. we can see it is doing well as a whole. 12% on the year, when the group was up in september 40% year to date. the number of companies produced earnings and investors to not like it. they are down 15% and/dividends. we have kohl's and tjx falling somewhat today. they posted comparative sales but that wasn't enough for investors looking at what is forecast. best buy's rising 3%. videot gains came from games and appliances. we see a tailwind from bankruptcy of sears. talking about target, it is the stock of the hour. we should be able to show you how it is doing today. it was down more than 10% earlier. it missed on some key measures. it fell on a day losing streak. it posted comparative sales growth of 5.1%. seventh consecutive quarter of positive same-store sales. we have a chart we s