. >> the cities of detroit and grosse pointe park are neighbors, but it appears that the upscale grosseointe park is not happy sharing a border with downtrodden detroit, and it has taken to blocking streets in town to let detroiters know that they're not welcome. bisi onile-ere reports. >> reporter: detroit and grosse pointe park share a border, but both towns appear to be worlds apart. the contrast is stark. on one side of the border, abandoned homes, burnt out structures. a black city plagued by bankruptcy and crime. across the street a thriving suburb. a mostly white manicured city. for many detroiters the fences and barriers erected by the suburb over the years show a divide that evokes charges of racism. today there is a new barricade that is opening up old wounds. >> it is disgusting. i do not approve of it. >> long-time detroiter dorothy roach and her daughter often travel to grosse pointe park to shop. but the road they would normally take to drive into the suburb is now blocked. this past spring grosse pointe park laid down concrete closing off the intersection. a round about w

the border between detroit and grosse point par is invisible.but to many the fences and borders erected by the suburbs over the years, evoke charges of racism. today there is a new barricade that is opening up old wounds. >> it is disgusting. i do not approve of it.. >> long time detroiter dorothy roach and her daughter normally travel there, but the road is now blocked. this last spring grosse point park laid down concrete closing off the intersection. a farmers market went up. >> i'm very disturbed about this. i think it sends a very clear message, very clear. stay out. stay out. >> now when you reach this intersection you have to hang a left into this gravel parking lot. and then hang a right. and take another right. and then, go through this round about, before crossing over. >> i think it's you know blatant. it is. it's a racial issue and it's offensive to me someone that lives in the park. >> but not everyone is offended. this grosss point park hardware store has been in randy's family for decades. >> if that's what you want to believe, i

. >> a farmer's market is at the center of a controversy in michigan, grosse pointe park. critics say it's a barrier that divides the haves and have notes. we are live in detroit with bisi onile-ere. where do things stand now with this. >> there was talk back in august that grosse pointe park would remove the sheds behind me. three months later and only one has been removed. there are a lot of people who want to see action and patience is running thin on both sides of the border. >> detroit and grosse pointe park share a border, but both towns appear to be worlds apart. the contrast is stark. on one side of the border, abandoned homes, burnt out structures, a predominantly black city plagued by bankruptcy and crime. across the street, a thriving suburb, a mostly white, middle to upper class community with manicured lawns. >> the border between detroit and grosse pointe park is invisible but to many detroiters, the fences and barriers erected by the suburb over the years show a divide that has revoked racism charges. today, there's a no barricade opening up old wounds. >> i

feelinge agree to stop bad for bill gross? pointing to discuss chinese personnel are rated in it run away pollution. or can they? are emanating a straight from tom's brain. ♪ >> this is "bloomberg surveillance. scarlet fu is off today. my morning must-read is from tyler callan. a blog what he wrote for on china's pollution policy. the chinese people are more concerned about particular matter than they are about carbon. to reducedecide carbon emissions, they may not have the machinery to get it done. >> we've seen that china is very good at setting targets and timetables for pollution reduction. they are not good at meeting those targets and timetables. what are the essential elements of actually being able to implement laws and regulations. you need transparency and enforcement. he the technology. the needy political will. some of thesehave elements, but not all. >> you need a civil society. richard nixon it created the epa, that he was being pushed by a broad environmental movement. >> they had that bottom-up push a few years ago.

gross margin was when hundred 50 basis points as it is referred to. dise. >> they say they're happy. they said they are pleased with the progress they have made with key priorities for the year. , gross margin, improving women's wear. we have not seen anything specific on a but primark's this week predicting they had a magnificent period. you have to wonder where the , sorry,ers in the food in the clothing area, maybe they are benefiting the same way that the discounters in the industry are. >> primark said that their sales period 10% over the since year-and. -- year-end. they had a difficult last week in september. for means like flat primark. it was a brilliant number, but it was not a negative number. >> we will leave it there. let's see with a market makes on tuesday when they get into the depths of the report. we will see how the market takes it. >> we are getting numbers from old mutual, the insurance business. six minutes past 7:00 in london. up by 5% at old mutual at 307.6 billion pounds. the gross sales, 6.2 billion pounds. that economicg acti

our gross margins will be the basis points, 150-200, or 1.5%-2%. that is almost double the original guidance. stocks falling. 404.7. it could be a moment of reprieve for the ceo. trom sold their energy division ii ge now it is all about trains. the market not happy with what it is seeing. bp -- nothing ever does what you wanted to do. oil, brent and crude. ryan will talk about this later. brent hitting a four-year low. crude hitting a three-year low. is that a tax cut? probably in the states, but not in europe as they like tax in this country. up .3% on bp. keep an eye on oil. they dragged it down european industries recently. >> london up 37% at the open. a higher open in europe. i will take you back in time. i will take you back to the september fourth meetings at the european central bank and the news conference that took place. take a listen to this. >> the second aim is to stir significantly stir, the size of our balance sheet towards the dimensions they used to have at the beginning of 2012. >> has that comment landed mario draghi in hot wate

working down the debt, the value of the company goes up. >> so gross margins were up 710 basis pointsr than expected. do you think that's sustainable in this environment? >> yeah. i mean, you know, i don't see that they're doing anything woefully wrong like, you know, like they did in the previous management. and, you know, i visit a lot of the stores from what i can tell there's -- there's customers coming in that, you know, want to buy there. previously used to buy there. >> rick, what do you think about the gross margins? they're moving in the right direction. >> the gross margins are moving in the right direction. i modeled high growth margins. i think they're sustainable and said here before talking about this stock is they need sales and margins to get to that gross profit dollar level and right now they're not getting there. >> so, mark, nathan. i have to ask. warren buffett said you look for a one-time solvable problem. there's a few with jcpenney. my fear is getting the same-store sales right, we're shopping so much on the web they're having fixed the problem that's now passe

>> the interesting point is the single price point, the main grosses will not do that, people reallyway with being a lot cheaper, as tesco and everyone else who look at their supplies say we need to sell it for that as well. thehe other story and markets today staying with retail on the high-end is mulder's so they have a parade of directors and this is a company that has been struggling, how quickly can the director turnaround the company. i think it will always take some time and as i understand it is not actually starting until july of next year and judging the usual seasonality and getting into the history of the brand, i be sometime 2016 before we see any new collections from him. you so much, charles allen from bloomberg intelligence, the euro net indices are not calculating this morning and the company says technical issues are responsible for the problem. from btxe joins me capital, what does this mean for volumes? this is a bad day because volumes are already low because of thanksgiving. >> that is probably the only silver lining on this cloud for euro that that it will be -

last year in 2013 they did like 6 point something billion in gross market value and sales.libaba alone. look what we did on black friday and look what we did on cyber monday. it's going to be massive for them. i think the stock could be rallying ahead of that and maybe it sells off ahead of that. really what you want is this thing to set until around 110 -- >> hyped site is 20-20, but there were good reasons actually to do a trade like this and the fact is that the pgs options premiums were very high. you don't put the odds in your favor when you go out and buy calls. the fact it went up as sharply as it did obviously would have worked out in that case but i think this trade was the smaller one. >> is there a corollary trade, dan, when it comes to yahoo!? >> yahoo!'s moved up very nice with it. but to me at some point yahoo!'s going to have to stand on its own -- >> so there's no pop on yahoo! into singles day? >> it's going to continue to move into alibaba. but at in point alibaba's a much better trading vehicle in my mind. i'd rather trade alibaba and not deal with the me

the state's gross domestic product has grown point 7% which should lead to more hiring.00,000 new jobs a month nationwide. with better numbers expected ahead. even better news, about 58% of the new jobs created this year are paying more than the national average wage. businesses are hiring more white collar employees. construction is on the mend. health care is going strong. and technology and skilled trade are hiring and paying well. and another positive note. americans donated more than $330 billion to charity last year. good deeds and good reasons to think better days are ahead. happy thanksgiving. i'm steve greenberg for cbs-3 "eyewitness news". ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. >> baffle sized hail pummeled australia causing widespread damage there. re

the problem is gross margins miss here by 600 basis points.he only reason the stock is lifting special dividend coming up in february of 2015. stock at 40. that's where it belongs. wouldn't touch it. won't be long, wouldn't be short. >> dean foods, pete? >> this is a stock a week ago monday had a downgrade from stevens and here they are with this beat not only beat but the guidance went forward. talk about making money, no longer losing money. that's what's behind this. i still think they have to deal with the issue of milk costs and that going forward. that is going to be something that's going to hamper them. you don't need to chase this stock today. >> gopro finding gravity after announcing a stock sale. is anyone on the desk adventurous enough to buy the dip. plus, it may only be the second week of november but partings of the country are already getting slammed with snow. what does it mean for the energy trade. it's coming up after the break. the 2014 playbook playoffs. seven cut throat traders locked in an epic battle to proves whose por

instead, the company's gross margins came in at 44.3%, up 230 basis points from the previous quarter esting that the high-end products are selling, the ones that made more per sale. management guided for a similar strong gross margin next quarter. wow, when you consider the love alibaba got today with the stock up $4.27 despite big gross margin, erosion. then you know how enthralled supporters were with these numbers. management positive giving us good color on the sell through of the new products. we learn that the hero 4 launch was the best in gopro's history and looks like the hero 4 black and silver will be some of the hottest items for the coming holiday season. gopro had a phenomenal third quarter, and it's looking like they'll have a terrific fourth quarter, too. but here's the thing, even gopro's detractors admit that 2014 will be a great year for the company. but this is why i wanted to do this piece. you see oppenheimer initiated the research coverage on gopro. it was a poorly timed sell recommendation a week and a half ago for the quarter even though they were positive on t

gross marges at 56% plus or minus 2 points. the stock happens to be in your playbook. >> and they are saying exactly what pete said monday this week when people were talking about intel. and that is they are hitting on all cylinders and the pc is not dead. and they are on track this year to do that 40 million tablet they have been telling everybody they would. well, they are going to be there and that is a very positive sign. so to say intel is done, the story is over, it is time to get out, sold to those people. i think it goes higher. >> you still like the name. >> i still live it. i loved it when it got unjustly showed and it was $31 a share. i still think it's a steal. and plenty of upside here. we talked earlier in the we week --. management is taking action when they need to. this is one more feather in the cap. when they pay the dividend. look at the fundamental story. this stock can go a lot higher. >> the nasdaq was only about 300 away from 5 thousand. you had from the low, say, october 15th. until now tech has been re

gross. that is the subject of this evening's talking points memo. as you may know, mit professor dr.athan gruber had said some very interesting things about the affordable healthcare law. let's run them down. dr. gruber says in order to pay for obamacare, you have to impose a new tax on americans. he also says the obama administration did not want to admit additional taxation was necessary, so it hid that part of the equation. the doctor opines little transparency in the run up to the vote obamacare and then the mit professor really lit the fuse saying that americans are generally too stupid to figure out what the obamacare situation really is.jupv so i will let you decide on the credibility of the last statement. gruber for telling the truth! but i also believe he was an active participant in a big con. so, on the one hand he is truthful. other hand he is deceptive. dr. gruber appeared on the factor last year. he was honest. >> there is no doubt there is contribution of this law, bill, you can like it or not. and that's a debate for another day. >> well, there was also a large distr

i think, for example, to your point about bill ackman -- bill gross, the bond king, the man for whom was so closely identified, one day gets up and leaves. he is a key man. is there insurance for that? >> there is insurance for -- >> for everything. good answer. >> that is a contract question, and contracts, yes, our insured. >> when you talk about travelers, what industries is true key man risk most concentrated? >> well, it crosses most industries, from mid-level executives earning 70,000 others, $80,000 a year, to ceo's of major corporations -- >> really, and please making $70,000 a year -- and please making $70,000 a? >> they often buy it themselves. >> are they? i think they are getting staggered by the insurance industry. -- snookered by the insurance industry. >> there is a prevalence in south america and the coal and oil industry. cheap,"you say "very what is cheap and why is it cheap? >> good question! if they are coming up from mexico and tijuana -- >> one more time? >> nautico traficantes. >> all worth it just to hear that. seems like the laws of supply and demand should o

they're looking to point the finger of blame at the president and they should be pointing the finger at themselves for their grossction on something that is so vital to our country in many ways. no doubt, you know, they are going to do what they can to derail this, and quite frankly, i think the train has left the station and i think history will show that it was the right time and the right thing to do for the country. christina, let me ask you, in terms of the activist community, they have been unstinting of the criticism of the president to end deportations. does this end the dubious title that the president is a deporter in chief? >> you know, the president has deported over 2 million people, and i'm not really sure, unless those people are brought back to be reunited with their families i don't know how you will repair so many families that have been broken, but this is significant for our community and it is welcome by our community and it is definitely incomplete as i was sharing with you because there are many members of our community that won't benefit, but our community is ready to continue to advocate

gross is the reason that a lot of people end up at pimco. so now he's no longer there. maybe they didn't give him enough. >> wow. well, i mean, look. barry ritholts makes the pointpiece what bill gross reportedly made is as much last year as the top 20 ceos in this country combined and telling me they may not have paid him enough, john? >> you know, if i am sitting up at there and i want to make sure that i retain, you know, the assets so that i can get my fees, ultimately, i got to keep him here and keep him happy. you see what happened that he ended up leaving. outflows were tremendous. that's a lot of money that left that organization. it's a big deal. i don't know what he made in prior years when the fund did better. i'm not sure that $290 million is actually the right number. that was unconfirmed. >> right, right. >> but it's clear that these guguy s warrant an awful lot of money. people need to think carefully before assaulting the board, you know, for a big number like these. >> okay. before i bring in the panel, kevin o'leary, what is your thought on this one? exorbita exorbitant? >> here's my thought. i speak as a chairman of a mutual fund company and t

is what they had to about the departure of bill gross. 49.2 billion euros which translates into $60 billion. the total return front, the number was two point -- $27.5 billion. net outflows development after the resignation of bill gross is within our expectations. they have confidence in their new team out there at newport beach. job that has worse hours than ours and perhaps even less lori, being an asset manager at newport beach. you still have to get up so early. we will have to do the trade off on whether or not it is worth it or not. you do to live in california. a littlen never the bit of sunshine and you bring it to "countdown" every single day. thanks for the roundup. >> risky business, that is what the title might be at the meeting of the central bankers in paris. market see this as a thriller, a tragedy, or even a farce? let's get to the economics correspondent on the ground for us in paris. brief us on what the ecb did yesterday and what it means in today's meeting. >> the ecb sets up the meeting really well. a dovish press conference that people were expecting, a commitment from mario draghi to boost its balance sheet by a tril

with gross profits of $130 billion walmart has been a ripe target. it points to workers who complain that even working full time they need government subsidies to make ends meet. >> i work 04 hours a week, and per year i haven't made over $25,000. i still rely on government assistance. >> i'm still behind on my rent even though i work 40 hours a week. i can't get my car fixed. i wait for shut-off notices before i can pay them. >> they want unions, and the companie company has responded with a campaign of their own. >> i started out as a part-time cashier going through coming. i would grow from how longly ranks to senior level management. >> while the protesters marched outside the company provided a few workers inside to give the news media it's side of the story. >> i make a pretty good living wage. i started off as an unloader in walmart, and in three months i became supervisor. and since then i've had two raises since then. >> at most only a few hundred of walmart's 1.4 million employees were expected to stay away from work as part of this year's protest. t

gross domestic product. australia's government wants the agenda focused on how to increase world economic growth by 2 percentaging points what is predicted. >> people have been critical of the g20 in the past for not delivering tangible outcomes. there will be no single issue that will disinstruct leaders from the task. >> reporter: but other issues will come up. many are disappointed that australia has said climate change will not feature in official g20 talks though following the agreement between u.s. and china to cut greenhouse emissions it will inevitably come up anyway. everything is discussed out solid out comes on anything. australia's government is determined that that won't happen. that this meeting stays narrowly focused on economics. >>> the afghan president is on his first official visit to pakistan since taking office. he is trying to improve a relationship that was often tense under his predecessor. >>> the u.s. president has urged myanmar leaders to continue their democratic reforms. barack obama met the opposition leader. >> reporter: the message is clear, u.s. president barack obama sees the opposition

point. there are good people running it. no doubt about that. bill gross had crazy two years.ight best he is out. this is fund going through changes. i'm telling you, come january, at least people inside pimco are bracing for massive redemptions, people yanking their money out. gerri: as we know, big, big fund very difficult to run. charlie, thanks for coming on tonight. appreciate it. >>> later in the show, our final day of our user's guide to christmas shopping. we're helping santa out with great toy ideas. we'll have great stuff. >>> next is the 9th time the charm? the house votes to approve the keystone pipeline. the senate might actually follow, believe it or not. we'll have the latest. ♪ ♪ ♪ (music playing) swimming introduces kids to the benefits of a healthy lifestyle and a healthy kid is a confident kid ♪ (music playing) gerri: high-stakes legislation approving keystone pipeline is make its way through the senate after getting voted through the house. it's a big step forward for proponents of the law but critics say the economic numbers aren't adding up for the pipeli

gross. ♪ >> you are watching in the loop live on bloomberg television. good morning. i betty liu. here is a look at our top company news. client polled 27 pointbillion in funds in the first full month after the departure of bill gross. million in september appeared a lot of money going out the door introductions. -- out the door. a second straight year of for toyota. it also raises projections for full-year operating profit and revenue. and crude and trading at a three-year low after saudi arabia cut prices of crude exported to the u.s.. the price were threatened the energy boom and could also lead to low gas prices, which could be good news for consumers and even the holiday shopping season and also as they are traveling across country. 26 minutes past the hour, which means bloomberg television is on the market third of the site markets are pretty pleased and investors are pleased where republicans regained in the senate more than 60 in order to regain control of both chambers of congress. got in the economy, we just payroll numbers. josh and 30,000 jobs created in october. that was better than estimated. we are on the markets again in 30 mi

gross' exit. could things take a sudden turn after a major shake up? charlie has the latest scoop. who hasn't had pimco in our portfolio at some point.you need to hear what charlie has got. i'd st gotten married. i was right out of schl. my family's all milita. you dot knowt to expect. sdenly you'rehere... anothor. you do your be. i remeer the faces... how everhing matred.... so much more. my buddies... my country... everytng... and eryone i loved... back home. ♪ and eryone i loved... [ male annncer ] for all who've serve ano serv we can neverhank them enough. ♪ ♪ hard ican be...w how .to breathe with pd? it ca. copd includes chronic brchitis and emphysema. spiriva is a oe-daily inhaled. you know, spiriva helps tment..y breathe easier. full 24 ho spiriva handaler tiropium bro inhalatiowder does not replace rescue ialers for sudd symptoms. tell your doctor if you have kidney problem glaucoma, trouble urinating, or an enlargedrostate. these may wors with spiriv st ting spiriva and seeks you imdiate medicahelp ifs. yourreathing suenly worsens, st ting syour throat orks you tongue swells,..lp ifs. you can gehives,g sion changes or eye pa

point. there are good people running it. no doubt about that. bill gross had crazy two years. might best he is out. this is fund going through changes. i'm telling you, come january, at least people inside pimco are bracing for massive redemptions, people yanking their money out. gerri: as we know, big, big fund very difficult to run. charlie, thanks for coming on tonight. appreciate it. >>> later in the show, our final day of our user's guide to christmas shopping. we're helping santa out with great toy ideas. we'll have great stuff. >>> next is the 9th time the charm? the house votes to approve the keystone pipeline. the senate might actually follow, believe it or not. we'll have the latest. ♪ how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus w

gross misconduct in the state's prison system. prison officials said it was an aberration and that it pointed out the difficulties inherent in trying to control thousands of inmates with only hundreds of guards. the fervor caused by the tapes demanded a response. >> what the speck tape did was enlighten the public of what was going on behind, not only the illinois department of corrections, but corrections throughout the country. and the public demanded there should be a change. the behavior that got them incarcerated, we shouldn't accept that same behavior while they're incarcerated with us. >> changing the way things had been done for decades wasn't going to be easy, but it was going to happen. that was the mandate. the first step came in leveling the playing field. >> you hear the saying, power is in numbers. and that's really true. you put 150, 200 class x murderers in a room together and that's a lot of power. you take that number down and knock it down to 50 and you put a couple extra officers there, and it really kind of balances things out. >> today, anywhere you look within stateville there are rarely more than 50 prisoner

the net tory us video game but has grossed over $1 billion in sales is pushing the envelope even further. in the latest refresh, players can have graphic first-person point sex with a prostitute. does that cross the line? two veteranh watchers of the videogame industry. i would say they are trying to make a very mature story. it is a mature game. matureature -- a bit gamers. it is not for kids. did they cross the line? not anymore than they would in a movie or television show. >> take a listen to what he had to say. >> this is a gritty underworld. it is art. i embrace that art. it is beautiful art, but it is gritty. let's not make bones about it. we stand shoulder to shoulder with other major motion picture releases and television shows that explore a similar universe. >> yes, we see murder in prostitution and killing in movies and television. is it different when you are a giving video gamers the opportunity to do it themselves? >> i think it is important to listen to what he said. they stand shoulder to shoulder with other entertainment mediums. supremeot have the court case that but video games at the same level as other entertainment medium. they are

gross merchandise sales here. here's the volatility, the price of options of alibaba. they've come down pretty nicely in the last couple weeks here. but here's one of the main points.his is a $275 billion market cap company that's got an implied volatility of about 40%. that's pretty expensive when you think about it, so i think when you're going to actually consider long plays here, i think it makes sense to actually use options despite the high prices of volatility because i think there's a potential for sentiment shifts with that overhang. i just want to make one clear point. if you've had gains in the stock and the thing is working, i get it. you don't want to sell. but you may want to consider a stock replacement strategy. or if you're bullish into the new year despite the overhang, you look at call spreads. today when i looked at the stock at 111, and just remember, it did have a high of 120 about a week and a half ago, you can look out to march. going to cap the first lock-up of about 430 million shares. you can buy the 110, 150 call spread. that's your max loss there. when you think about it, you have protection on the downside all the way to 100, which i t

gross domestic product. it's all a bunch of blather. really nothing is being done on this front. >> bill, this goes to another big point. democrats have been using the phrase the fierce urgency of now. we need a moral immediate demand that people do something. and even in the best case scenario for the president. is he stretching this out for 11 years. there is no now here. >> no. and there is no paper. there is no mandate. there is no inspections. you know, iran is going to sign this, too. you know, they will be next. >> but he has lost a lot of coal though in coal country over these sorts of things and they have had regulatory impact on coal production. >> the coal industry is going to have to wise up and get cleaner. you know. they are going to have to do that because we do have to have a cleaner country and cleaner planet. not to say that they should be onerous and not as you put it should be tomorrow. i think we have the technology now to make clean coal and we have got to convert to that even if it is expensive. mr. erickson, thank you. next on the rundown, did the national media ignore the explosive obamacare sta

point, the experience is. one concern perhaps for investors in alibaba is gross margins or particularly nongaap ebitda margins. down from 59.5% a year ago. we asked mr. tsai. >> it's a very high margin business. that gives us the luxury and confidence to reinvest that margin into new areas for growth. what you saw in the latest quarter is exactly that. we integrated two companyies u c-webb that we acquired that will bring long-term potential for us. lots of users, several hundred million users in the case of uc-web. these are at the cusp, at the beginning of monetizing their business. that's one factor why the margin is coming down. we are organically making significant investments in new areas, for example, our mobile operating system, local services and digital entertainment. these are all very new areas for us. it's kind of early days, but we are long-term committed to making investments in these areas for future growth. >> 49% increase year over year in gross merchandise value. that did seem to meet at least what investors were hoping for. they don't seem particularly perturbed by those margin declines. >>

gross margin will probably flatten out into next year. their q4 implied guidance is a little bit down. but to karen's earlier point, the company is still generating $1.1 billion in free cash flow this year. still a very efficient company in the top line trends out of the gap brand are concerning. i think street numbers for next year are a bit high, but the valuation here is cheap and sentiment's pretty depressed, so i don't think it's raised too much lower from here. >> john, thanks for joining us. appreciate it. john kernan of cowen and company on the fast lain. >> there's one fan of the show. there we go. >> at least one. always nice to hear that. he thinks it's not going to go much lower at this point. >> if i had a play in retail, it would be best buy first, this is a totally different genera, so i still go with macy's. macy's up 17% year-to-date. gap stores still having a tough time. but a really interesting play is abercrombie. for the last couple of years, almost four years, it's bounced off this level around the $29 mark. this could be really interesting, because those are the companies that have a terribl

gross it would kill the virus anyway. and what an ass she would feel like if she has it. can you imagine how embarrassing that will be? oh boy, sorry. >> maybe that's her point. she is trying to teach us something about lightening up. by doing this she is helping to quel hysteria. >> i stand corrected. >> i didn't even mean to correct him.y. >> professor, you don't like people taking the law into your own hands? >> that's not what i said. >> you said get into the car. are you convinced that she is legally being quarantined? >> no. i think if she had hired a lawyer and brought a lawsuit and got the court to make a decision and challenged it that would have been great and she probably would have won. for her to make the decision on her own and say i am a nurse and i know better than everybody else does, that's wrong. >> i used my metaphor or analogy or is it a a simile? she has a right to do this, but don't be a jerk. >> i think i can sum up everyone's feelings when we say expect the best and prepare for the worst. >> you really did button up the segment and i appreciate that. >> she is tarnishing the medical profession. she should lighten up and stay home. it

gross issued into the gdp market. if you look at ten-year yields below 50 basis points, one really doesn't have to worry about that. the bank of japan will keep the yields exceptionally low, not just this year and the next year, but the year after that. we are a long way from having to worry about fiscal us is tapability. the government debt in japan is pushing on quadrillion yen now, worrying about 5 trillion yen here or there and the delay in the consumption tax is seeming rather pointless. you know, frankly the key challenge for japan right now is trying to drive out those deflationary pressures that have dominated the last 15 years. that's going to take a long time to drive those out, so let's have a consistent macroeconomic policy to achieve that. one really only has to worry about the risks of qe and postponing the consumption tax for as long as inflation or if inflation starts to rocket ahead well above the 2% target. i think that's highly unlikely given the pressures in the japanese economy, for example, those associated with adverse demographics. so i think at the moment the costs really are pretty small o

there is a point where all the policies are trying to get asset prices to rise. it is trying to get nominal grossate if nominal growth returns the stock market should be doing very well. it is important if they do not keep raising the sales tax. we will see what happens. there is a good chance that [indiscernible] massiveuch supplementary budget next to it. >> you mentioned, is a hard landing possible in china? is that a possibility? >> it is always a possibility in any economy. is a lot of things going on in the financial system. , theyerybody understands are quite open about that. doing is taking the 1990's japanese approach. rather than the lehman approach that the americans were doing, ripping out big organizations to see what happens and reset things that way, there is money printing and secret deals. china will find itself gradually slowing down rather than collapsing. that gradual slowdown is what keeps the downward pressure on commodities. >> underweight the u.k. a different road. he says do not worry about market volatility. he also said look through this volatility and move on with rate

gross national product best of the organizations. the stock market is near record high. gas and oil prices are falling. is no inflation. >> okay, you made your point what is your question? >> all production is rapid increasing. the deficit is rapidly declining. still e wealthy are making huge amounts of money. this defies -- the only way you can accomplish this is if you don't elect -- >> i don't think that is to. i think there are some things economy is definitely doing better. is, thankfully, going down. there is a smaller percentage of the population exit time to work. i don't think there is anything happened in what the election. i think one of the great -- point of view -- one of about obama ings getting elected is that he was the first african-american elected, and that this country will elect an african-american. ridiculous t it is that when people elect think about -- you the historical -- south carolina was the state that seceded from the union. it was the state that was most the ened and it's hard in perpetration -- heart and is perpetration of slavery. and it went to the united states senate as republican. i do not think there is anythi

. >> with gross profits of $130 million, wal-mart has been a target for the movement to pass living wage laws across the u.s., pointing to workers that complain working full-time they need government subsidies to make end meet. >> i'm 40 hours a week, and i haven't made over $25,000. >> i personally am behind on my rent, even though i work 40 hours a week. i can't get my car fixed. i wait for shut off notices from utilities. >> reporter: behind the demonstration is a campaign by one union to organise the workers. in several states protests have been restricted and ordered members not to set foot in the store. the company responded with a high-profile public relations campaign. to counter an image of exploiting workers. >> i started out as a part-time cashier. it's giving me the opportunity over the last 17 years to grow from hourly ranks to senior level management. >> the protesters marched outside, the company provided a few workers inside to help give the news media its side of the story. >> i make a pretty good living wage. i started off as an unloader at wal-mart. and in three months i became a supervisor. since t

gross as a person was nice. very friendly, he says. we had to communicate by making hand jgestures because his spanish was limited. his case is a major sticking pointuba/u.s. relations. havana won't release him unless he's exchanged for three cuban intelligence agents serving lengthy sentences in the u.s. the u.s. said he isn't a spy and should be returned immediately. something cuba is unlikely to do. we're driving past the military hospital where he's being held. he's cuba's most high-profile prisoner, and guarded by the black ber rays, special force. in the past we have been detained immediately when trying to film here. if a swap can be worked out, it needs to happen now, when any political backlash would have less sting for a lame duck president. his wife was heart,ed by the exchange with prisoners for bo bergdahl. >> they can do something that complicated, surely they can get him home. >> reporter: but any deal with the cuban government would have to overcome decades of cold war-era mistrust. and his time may be running out. >> yeah, allen gross has been in cuban prison since december 2009. >>> international troops are pulling out of afghanis

point. our storm scan3, not picking up any precipitation in our area. though we did see few flurries, little bit earlier. >> every location, 32 gross out at the airport in day, even when the temperatures get to 39 degrees, they'll feel far colder than that, feel like the 20's, and be in the 20's tonight. >> goods morning, everyone, if you're traveling out and about, notice, it is a wide open road, no matter where you are headed. first up, taking a look at the 30 bypass, again, wide open, eastbound, westbound commuting no matter how you cut t beautiful. roosevelt looking just the same. traveling towards the schuylkill, using the southbound side, great once you get to 76. as well as nine, a the vine, in the clear. we do, however, have accident, kelly drive at fairmount. be mindful of. that will mass transit however in the clear. diana. >> thanks, up next, 8:25, is our next update. up next on cbs this morning, new generation of coffee roasters. for more local news, catch us on the "cw philly" on i saw a commercial that said you can save $500 by switching to progressive. that was me, mom. [ laugh ] i thought you said, "that was me, mom." [ laughter ] >> thi

gross profit. so it will have to do i think quite a bit better than 10 billion to make a difference. liz: amit, why do you in light of what andy pointedly still like this name? >> i say a couple of things. actually the iphone is the foundation of this company but we still see plenty of tailwind ahead on iphone. pretty impressive lead times are six or six plus haven't come down and phone has been out well over two months now, right? i think demand continues to surprise everyone on upside. compounding dynamic is two things. one, typically apple troughs out of gross margin basis in first quarter iphone launch. that is behind you of the as you go forward you get better gross margin on the model than you see typically. iphone comes out in -- iwatch comes out in -- we think the iphone is alive and well. a better gross margin and capital allocation story. stock should continue to do well over next six months. liz: we saw your report you and your team put out is very interesting. you articulate a whole bunch of things but what's next? andy here is where i get concerned although there has been no iphone killer out. argue samsung has gotten clo

longer and we will see more of this, bill gross and others -- do you see a further decade of financial repression? do we get back to a 2%, two-year yield at some pointe think the long end of the fixed income market is likely to partlyell contained because growth excitations are lower. regarding the fed at the short end, they have a balancing act to do. they have a dual mandate, one of which is unemployment and the other is inflation. they have the economy getting back to full employment, but there are still a lot of questions about whether we will get inflation. >> an economic slowdown if it is not a recession? flatter yield curve or a very flat or inverted told curve would lead recession. >> is there any danger of that? alan greenspan talked about what he went through recently when the fed tightened back in 2004, did see the long end of the curve not responding as the fed would have wanted. is the risk zero of that happening? >> the risk is not zero. we think the key thing the fed faces right now is that global disinflation and the rally of the dollar, including commodity prices lines as part of a global disinflation, are keeping u.s. inflation ver

gross national product best of the organizations. the stock market is near record high. gas and oil prices are falling. is no inflation. >> okay, you made your point what is your question? >> all production is rapidly increasing. the deficit is rapidly declining. still e wealthy are making huge amounts of money. this defies -- the only way you can accomplish this is if you don't elect -- >> i don't think that is to. i think there are some things economy is definitely doing better. is, thankfully, going down. there is a smaller percentage of the population exit time to work. i don't think there is anything happened in what the election. i think one of the great -- point of view -- one of about obama ings getting elected is that he was the first african-american elected, and that this country will elect an african-american. ridiculous t it is that when people elect think about -- you the historical -- south carolina was the state that seceded from the union. it was the state that was most the ened and it's hard in perpetration -- heart and is perpetration of slavery. and it went to the united states senate as republican. i do not think there is anyt

that you don't get this all you can eat free plan that to this point a lot of cable companies have provided? >> here's what it means in grossns that the government's going to become a bigger player in terms of deciding how much to charge for whatever it is you get. >> but margins in the cable business are close to 90%. right? you do recognize that just the truth in numbers. by the way, i work for nbc. we're a unit of comcast. i'm a shareholder in the company. i want them to succeed. but i'm just laying out the basics. >> the other place he works, "the new york times." >> however, the point is actually cable and now the telcos and the satellites have done a good job of deploying broadband access nationwide across the country. lots of money. billions and billions of dollars have been invested in this. and why? because investors see it's a place where they can get a return. and the question i would ask you, where is the massive abuse that requires further intervention by the government in terms of sorting out how this resource gets allocated? it's crazy to not let the providers segment -- we got to talk about judy's book in a

point. our storm scan3, not picking up any precipitation in our area. though we did see few flurries, little bit earlier. >> every location, 32 gross out at the airport inhe temperatures get to 39 degrees, they'll feel far colder than that, feel like the 20's, and be in the 20's tonight. >> goods morning, everyone, if you're traveling out and about, notice, it is a wide open road, no matter where you are headed. first up, taking a look at the 30 bypass, again, wide open, eastbound, westbound commuting no matter how you cut t beautiful. roosevelt looking just the same. traveling towards the schuylkill, using the southbound side, great once you get to 76. as well as nine, a the vine, in the clear. we do, however, have accident, kelly drive at fairmount. be mindful of. that will mass transit however in the clear. diana. >> thanks, up next, 8:25, is our next update. up next on cbs this morning, new generation of coffee roasters. for more local news, catch us on the "cw philly" on >>> it is friday, november 28th, 2014. welcome back to "cbs this morning." more real news ahead, including the black friday rush as millions hit the stores. cnet explains why the b

gross position and that is -- growth position and that is good to see. unemployment levels at an all-time low is good for the country and the economy. perspective, back to one of your earlier pointss is one of the things we will lose. huge change of pace next year with a general election and the general public will vote with their faith in terms of which way they want to go. redefining, what will the market he like and how will it be redefined. will we still have four dominant player's? -- players? >> there are names that i grew up with that are no longer trading on the high street or anywhere within the u.k.. in 10 years time it will be the same question. those businesses will be, only time will tell. now, every business is competing aggressively with each that and those businesses build trust, consistency and loyalty will win and those that do not won't be the businesses here in 20 years time. >> that was the boss at asda, what do you make of the shockwaves? join the conversation on twitter if you would like. >> 1000 by christmas. >> that will be a tough christmas. steal, borrow and followers. come, we will be talking to britain's former u.k. ambassador to russia. andrew would