senior marketsur correspondent, julie hyman.ow let's get you to the other top stories we are following this monday. president obama has a meeting scheduled today to discuss the situation in ferguson, missouri, and missouri is trying to get 50,000 additional police to wear body cameras to record their interactions with civilians. the president has already met with his cabinet and will speak with civil rights leaders and law enforcement officials later. are backduck lawmakers in washington was not that much time to get it all done before the new congress convenes in january. on their to do list, keeping the government running into the new year, renewing tax breaks for individuals and businesses, and a defense policy measure that has passed for more than 15 years in a row. in hong kong, pro-democracy protesters fought with police at the headquarters, in an attempt to revitalize the movement for democratic reforms after protesters camp out on hong kong streets for more than two months. that canvement successfully surround the city g

i am julie hyman. i will be back at the bottom of the hour, and later today, starting with a special time at 2:00 p.m. eastern, "street smart" with pimm fox, cory johnson, and trish regan. that is right here on bloomberg tv. stay tuned. ♪ >> he is known as tech's turnaround guy. blackberry ceo john chen has spent more than 30 years working in enterprise technology. famously taking the enterprise software maker sybase from the verge of death to $5.8 billion powerhouse. now he is taking on what some say is an impossible job, leading blackberry's comeback. can he prove them wrong? and just how did he become the tech industry's fixer? my guest is today on "studio 1.0" is blackberry ceo john chen. thank you for joining us. >> thank you for having me. in >> even though you're running blackberry in canada, the bay area is where you call home. >> yes. >> you technically live here. >> i live here. my family lives here. i live all around. it is our headquarters in waterloo, canada. >> how much time do you spend

i'm julie hyman. let's take a look at where stocks are trading right now. we've had climbs across the board caps off the week. the s&p 500 coming off the lows of the session. now down .5%. material stocks have been leading the climb. will stocks are lower once again. let's take a look at individual movers. adobe system is one of them. though shares jumping to an all-time high, after earnings topped estimates. separately, adobe announced the acquisition of a photography company. it's worth adrian million dollars. -- $800 million. the paint maker predicted 2015 earnings will come in below estimates. ♪

here's julie hyman. >> we've got stocks hovering around record highs although they are coming off a second consecutive week of gains with a little bit of indecision today. the s&p 500 is now all deaf rebounded 11% from its low in october. the vix is recording is largest again since november 22. always good to see you. given today's lackluster activity, it is curious we would see any kind of sizable pickup in the vix. >> just a frame the lackluster activity, if you look at 20 date realized volatility in the s&p 500, a couple of weeks ago, it was over 4% which is the lowest reading since the 1960's. volatility event in october, we are back in two a period of quiet with the holidays. realized volatility is very low

hyman is the special agent posing as the hitman. >> when do you want this done? >> soon. >> in training, they pit us in scenarios, for a little while, i almost felt like i was across from a roll player to make me see if i can laugh or crack up. >> how about your daughter, how is she going to handle it? >> she'll handle it real well. >> she thought her daughter was really on board with it and her daughter wasn't on board with it. >> in fact, it's phyllis' daughter who first tells charlotte mechlenburg police detective darryl price about the plot. not only does he know the young woman's a street source, he's also met her mother. >> i think she kind of saw herself as being this matahairy person that would go out in the evenings and meet with a hitman and do these dastardally deeds, people could be junkies to that type of adrenaline. >> i'll do it. >> i don't want you to get too cocky. >> all right. >> still, phyllis continues to exude confidence about receiving a hefty insurance payment after the crime, writing the hitman a check. >> i'm going to get four $25,000 ch

senior markets corresponded julie hyman with the price war over the hottest toys on the market. peter cook monitors another deadline for obamacare enrollment. and we begin with shelby holliday. it was a dramatic ended to a hostage situation in sydney, australia. >> australian police confirmed that three are dead and 4 injured after the 16-hour siege in downtown sydney. the victims included 2 hostages, 38-year-old man in a 38-year-old woman. and the gun man, a 50-year-old man. in a news conference that 17 hostages total had been accounted for. we found out that a police officer suffered a non-life-threatening loan to the face -- wounded to the face that we don't have information on his injury at this point. >> how did the situation unfold? >> the crisis came to an end after heavily armed police lint chocolate cafÉ

julie hyman has more.loomberg intelligence has been tracking toy prices throughout the holiday for the past week amazon getting more aggressive. >> amazon took leadership in the last week. every wednesday they are looking at a basket of different toys online. not in stores, online, important to distinguish. over the past several weeks, amazon and walmart have been a good -- have been an active this is the stuff that amazon sells itself, not including third party sellers. thann is 4.5% cheaper walmart if you look at that basket of toys good what we have seen over the rest of the holiday season. walmart still has price leadership versus a lot of its competitors. it is cheaper than target and kmart, particularly toys 'r' us, which tends to be at the top of the toy pricing scale. amazon has come out during this last stretch to christmas trying to undercut walmart. >> toys 'r' us is more of a premium player as far as pricing strategy is concerned? >> it seems to be. toys 'r' us has been more troubled -- the oth

i'm julie hyman.ally, although we are coming off the highs of the session, the s&p 500 only up .1%. we have that better-than-expected jobs report this morning and now investors are trying to recalibrate expectations of what the fed might do given the stronger data, numbers. companies like sony, target, cyprus curate he is -- cyber security is a big concern for companies. a topic as of late. it seems every type of company and there ared, two get of companies that have sprung up to defend them against hack attacks. >> and now it is time for etf's to track those companies. >> it is. >> timing is everything. timing is everything. it has a good ticker -- hack. fast start. a $2 million in assets after three weeks. it does not so much a lot, but after three weeks, it is. it is a bit like the equivalent of a hit in the film. it is not some of the distribution, but the timing is perfect. when you think of security stocks, the portfolio only has 4% overlap with the largest tech etf, so a lot of people using tec

julie hyman is standing by. good afternoon. mark. talk about where stocks are trading right now. the decline has a extending, but we are at the highs for the .ession energy stocks have been leading gains throughout the day as oil prices continued to decline. in terms of individual movers, check out general financial, declining after j.p. morgan cut its forecast on the stock. and by tech, showing promise in early results, quickly moving into a final stage trial. shares are up 16% this year. we will have more in 30 minutes. more "bottom line" is next. ♪ >> welcome to the second half-hour of "bottom line" on bloomberg television. thank you for staying with us. it is time now for the commodities report. su keenan joins me in the newsroom with details on what this 24 hours difference makes. >> we are seeing an awful lot of red on the screen and across the board. sugar, corn, all falling for oils, it is the fifth drop in six days in the huge reversal. reached an agreement. traders say that puts additional supply and downward pressure on th

julie hyman is back with us as well. first of all, thank you for joining us on what must be an incredibly busy day. a lot of people are doing cyber on ciberopping saturday and cyber sunday. >> happy cyber monday, which is still one of the most exciting shopping days of the year. really black friday is a five day shopping event. we had our highest performance on thursday, friday, saturday. like a space shuttle launch but i'm assuming that is all data behind to relevant to what you have to achieve on a busy day like this. >> i am in one of the coolest rooms you can imagine. 60 people are watching every piece of our operation on about 100 different screens. monitoring how each of the sites is performing around howworld, everything from the distribution centers are functioning, all to make sure customers can get access to some of these great deals we are offering today. >> we got some information on thursday when we learned it was walmart's second-highest day ever in terms of online sales. can you tell me about anything abou

thank you so much, julie hyman. more ahead.n buffett once again topped the list of the country buses biggest donors. number one is a billionaire and number one as a billionaire's donor. we will look at key trends giving by the world's wealthiest. plus, the 85th anniversary the new york stock exchange. a lot of work ahead. the ceo the next hour on business as the stems off slowing mining industries. stay in the loop. ♪ and othersuffett, have popped up this year as the world's's biggest derisive 2014. donations nearly back to pre-crisis levels. leading the way with over $2 billion into the bill him when the gates foundation. let's take a look at other key trends. david freeman. also still with me is jim lilli e, the ceo of jarden. david, a predominant area that education., >> that is correct. if you look at the list, it is a microcosm in what pulls at the heartstrings. largest donations were foundations. six out of 10 support educational institutions. >> harvard. >> that is right. it shows up quite a bit. about thisting thing lis

julie hyman has been covering this cut in demand by the iaea. cut -- theyressive continue to see an erosion in demand, particularly among the countries that are big oil exporters and oil producers, as you might imagine, with the drop in prices. the economies in these nations are suffering. we are seeing this cut to demand. this particular cut, by 230,000 barrels, that's the decrease in demand that the iaea is saying happened, versus its prior largely attributable to russia. we all know what's been going on there, between sanctions and these lower oil prices. the russian oil demand next year is going to be 195,000 barrels smaller per day than had been anticipated. overall, world oil consumption is going to be higher by about 90,000 barrels per day, a 1% increase over 2014. it'd keep its 2014 forecast its 2014 it did keep forecast steady. >> did the iea say anything about u.s. shale oil production? >> it did. interestingly, it does not agree with mark mobius. they expect u.s. production to grow apace in 2015 according to the iea report, an increas

"on the markets" with julie hyman is next.ur, that means bloomberg television is on the markets. in our forat stocks the closing bell -- we had a selloff today that have gotten worse as we've gotten closer to the close. 1.5% is the decline we see for the major averages. oil prices lower after opec cut its demand forecast. that is pushing down energy stocks, all stocks it looks like today. in terms of individual movers, shares of american airlines are today, closing in on their 52 week high. the airline industry has been benefiting from lower oil prices, but crude is taking a toll on companies like halliburton. they could see a significant drop in profits as they are forced to lower profits by as much as 20%. when you look at those companies moving in very different directions and plunging oil prices, the have one important thing in common -- they are two of the most loved stocks will stop joining me with a look at some of the other most loved and hated stocks is an analyst with bloomberg rankings. you look at what people love

julie hyman at the breaking news desk. the federal reserve open market committee.this week here wednesday, they will announce their thinking on the u.s. economy. will they drop this considerable time mileage interest rates? an economy already recovering and creating jobs. .his data puts a damper into it my guest host this hour is the managing partner of intermedia partners, and the former senior economic adviser to the president. i know you keep a strong -- you monitor the jobs market for the economy. is it as good as it looks? >> it is not. affirming, thee number was huge in november, but it was all service again, about 11,000 of that massive number was manufacturing very we still ofe an incredible egg nation wages. the part-time of necessity is one we should incredibly concerned about. 11 million men and women who cannot find the time and limit. there is strength in the services side because of credit losing, and we will always get that in this time of year. but manufacturing continues to .e soft and wages are very soft really unacceptable. >> if wages continue t

julie hyman is here. she is a procrastinator's dream.hattan and in are in amazon prime customer and have a device onto which you have uploaded the amazon i'm now -- amazon prime now at. -- cap. app. i was live on surveillance this morning. >> look at my christmas sweater. >> that we received in just one hour. it was more like 35 minutes. miller got an ana doll from frozen. that arrived in 30 minutes. for this and9 or they have a recommended tip for five or six dollars. >> he sometimes rides the bus or sometimes the subway. are you eating m&ms right now? >> green and red m&ms. >> it is free for prime customers. >> this works like the drone delivery. the rollout is delivery straight to the tv studio. it feels a bit like a publicity stunt. >> it just so happens that it's in manhattan, delivering two major media organizations. it will be something that amazon eventually rolls out. >> amazon wants to do this and eventually. olivia has been talking about the final mile story for your now. does for a year now. everyone must do this last hour de

right, julie hyman, with the latest on olive garden.nk you. 26 minutes past the hour, bloomberg tv is on the markets. my colleague standing by with the details. >> good afternoon q. let's get you caught up with where stocks are trading. afternoon to you. let's get you caught up with where stocks are trading. no exceptions for the s&p, up 3/10 of 1%, trimming the gains earlier in the session. 3m, shares of the post-it maker, that's right, enjoying their birthday after they raised their quarterly dividend to just over one dollar per share. check out shares of priceline.com, trading at the lowest level in two months. this was after goldman sachs removed them from their vilest based on expectations or a multiyear decline in the value of the euro. you can see right there that the stock is on the way down to its session low, seeing a boost despite problems in the ruble. we are on the markets again and 30. ♪ the secondback to half hour of "bottom line" on bloomberg television. i'm due in new york. thanks for staying with us. -- i'm mark crumpt

. >> up next, julie hyman gets the latest on equities. we go on the markets when bottom line continues in just a moment. ♪ >> for decades, pharmacists and patients have had a tacit understanding, whatever you buy at the drugstore is confidential. but in the age of big data, big brother can now see what is in your medicine cabinet. this is disturbing. >> i find it very troubling. feel that way.ts let me explain to you a little bit what we are talking about. it is kind of confusing, so stick with me. the goal of the pharmaceutical industry is that they want to when you see an ad, does that mean that you go fill a prescription for that drug? are the ads effective at all? if they find out they are effective, they want to send you more. on this person, the ads were, let's send them more. >> we have real demand. >> that is the goal. so, they send out an ad campaign to let's say 100,000 people. if one of the people sees the ad and then let's say mark crumpton goes to the pharmacy and gets that heartburn medication. a record is now created that y

matt miller and julie hyman are joining me.ith number four or it russia is getting hit on all fronts are in the crash and oil prices and entering the first recession since 2009. the economy has been battered by western sanctions and oil prices are in this has led to the weakening of the ruble. >> also boosting inflation by .uite a bit worried it is bad for the people of russia. how much is vladimir putin carrying question mark his approval rating is still 85%. that is massive. >> reportedly. >> will be sanctions be enough to get him to pull back? they have already started. >> that was my question. will this cause any difference in the actions in ukraine? that's the main issue. will all of this work? point, histo matt's political base is still very powerful. what happenstter on the economics front. number three, chrysler is leading the way with november sales. ford and gm's sales are due out in just a minute. >> the numbers did not surprise me. chrysler has had strong numbers continually. this this the 56th consecutive month of

i'm julie hyman. let take a look at where stocks are trading 30 minutes into the session.nds. one and one third percent on all the major averages. keeping rates low or at least until the second half of next year. take a look at the other things we are watching. larger than the overall cap, which is not unusual. crude oil is giving a little bit of a rebound theory the 10 year yield is rising. eventually, the rates will go up. for more on the markets reaction, lisa, now that there period investors have gone through, what is the read on what the fed had to say yesterday? >> there seems to be a feeling that the fed is moving toward a plan of hiking interest rates around the middle of next year. that is actually a little bit different than what the market had been expecting heading into the meeting. they thought they might push back when they would start hiking interest rates. the statement was not clear. .hey are not coming out it was a muddy statement. they were trying to basically have everything they want. "don't worry, the economy is doing great, but we are not totally ton

julie hyman joining me.ecial test, alan patricof, managing director and founder of greycroft partners. one of the big venture capital firms in new york. number 10, uber. the controversial car service app just declared illegal in taiwan. the next country to ban it. patent onlied for a its algorithm system that measures demand. its price surging technology. they want to patent this. i do not know. critics say this is unfair. they are actually price gouging. what do you think? an enormoushad effect on our economy. we've started a new ways, a sharing economy. maybe not hundreds but certainly 50 companies have started up. they are sharing everything. >> everything is shared. is not really sharing. it is a car service. for not sharing your car. >> people are giving -- you can become a driver. do you know anybody who has given up their car and are just taking uber? >> no, but if you think of the word uber, uberization has become a term and it means sharing. >> i am skeptical. there is a video online. brendan greele

i'm julie hyman. -- we are seeing a rally there up eight points. it looks like it could close at a record today. the dow jones industrial average up by a quarter percent. the nasdaq is holding steady 6/10again of -- a gain of of 1%. commodities, we are looking at natural gas futures. pointre down about one 1%. also speaking of commodities, hassling prices have fallen to the lowest prices since 2009 $2.38 average of gallon. hopefully, somewhere new you. sony says "the interview" grossed a million dollars in a christmas release. in u.s. theaters, no incidents were reported. the comedy was also available online. it also topped the charts in microsoft xbox video store. california health agency is --estigating an outbreak of it involves multiple brands in 12 states. the apple brand is is voluntarily recalling its apples. rice to $61ing billion. sales were boosted by early promotions and better delivery systems helping to avoid some of the delays that placed last year's shopping season. we'll be back with a another update at the top of the hour. stay wit

i am senior markets correspondent julie hyman.ake a look at how equity markets are doing on this day after christmas. we do have a continuation of a rally with the dow and s&p once again trading at records and also working on their second straight. weekly gain. 18073. up at better percentage at .6% at 4801. look at how crude prices are trading, we had an increase in earlier today on some fighting in libya creating concerns about supply constraints, but now it has turned lower

we will have to see. >> julie hyman on our retail. super saturday?saturday is what i call it. i am waiting for the 24th, when i do my shopping. photos. walks on hers boat dock. miles awaylake250 from san francisco. this month, the biggest storm in more than 10 years is not going to fix several years of drought. number two photo, this is a volcano in iceland. tom, do you want to say the name? after experiencing 1600 earthquakes in a 48-hour period. feetspurting at 300 cubic per second. >> so many around the world. >> the best photos of the entire year, this is number one. in gaza city a man blows fire as gazans celebrate a long-term cease-fire between israel and hamas. 50 days of violence resulted in 2200 deaths, mostly civilians. the cease-fire was put at risk last friday when hamas launched rockets into israel. >> going on everywhere. gaza strip, ukraine. >> the photos of the year, it has been such a busy year. you forget amazing things that happened. in march, april. change been a lot of people on twitter have been talking about 2014 as a miserable

julie hyman is joining us. the stock goes up 7%. >> yeah.n struggling for a while. the teenage retailers in general have. has been a high-profile case faced with different things. first, the logos abercrombie became known to, teenagers are not into it anymore. it has competition from forever 21, h&m, fast fashion brands are cheaper and cooler in the eyes of teenagers. the traditional customer of abercrombie has aged out of it. they are not being replaced by younger teenagers that are coming up. engaged capital came in and push for changes. shareholder but it has been a vocal shareholder. abercrombie has made some changes to its management structure. for example, there's a new chief operating officer. there are 4 independent directors appointed to the board that were put forward by engaged capital. there is a new brand president leading abercrombie and houston brands -- and hollister brands. it looked like the wheels have been put in motion for jeffries to leave. why leave now, less than a month until christmas? the timing, according to many

i'm julie hyman. the s&p 500, very little change today, but we could potentially see a record.207037. that's the number you want to see. we have risen present on the year. terms of today's session, what is holding it back, again, energy. oil prices not gaining traction. oil producers slump. the worst performers, chesapeake and southwestern energy. one stock that is gaining today is gilead. it makes a treatment for hepatitis. gilead has been at odds with its competitor over the cost of a medication, over $1000 per pill. despite winning a victory, those are down slightly, but gilead taking much more of a hit, one of the worst performers in the s&p today. and of course, we continue to watch shares of american apparel. a buyerany confirming is interested in the company for $1.40 per share. one of the entities interested was reported as a firm called moving place. of the of the conditions of dovould be a return charney, the controversial founder who was fired after a month-long investigation into his conduct. steph? we have been talking about that story on morning. trish told us ear

senior markets corresponded julie hyman with the price war over the hottest toys on the market.nitors another deadline for obamacare enrollment. and we begin with shelby holliday.

it turns out julie hyman is with us.n get a christmas present, order it and get it within an hour. six -- quest that is right. at 6:16 a.m. -- >> that is right. at 6:16 a.m. the phone call was made. an hour later, the bike messenger was there. yes and working as a bike messenger for a few years. he has a pack on his back that carries about 40 pounds maximum. >> has he been busy? >> he said he has been busy. a lot of people order toiletries. they say it is quicker to get the stuff from amazon. >> how lazy are we? guy with a plain brown pack. he doesn't actually say "amazon" on in anywhere. of you on radio, it is a grocery bag. >> basically, and the stuff is not wrapped. therefore ms. leslie, we have lena dunham's memoir. for ms. leslie, we have lena dunham's memoir. we know what we have for tom, the carpenters christmas collection. and also in the christmas your for brendan, we have an ugly sweater. >> oh, yeah. i want to put that on right now. not the kind of thing you would usually get from amazon. hey! here we have the

i am julie hyman. a selloff for the first trading day of the year -- of the month.irst day of december stock falling across the board. disappointing holiday spending numbers being reported an estimated for the weekend as well as gauging manufacturing and china and germany coming in below average. >> you're watching "bloomberg west," where we focus on technology and the future of business. i am emily chang. the number of people with smartphone subscriptions is expected to double by 2022 more than 6 billion. 90% of people over the age of six will have a mobile phone by then. these are just some of the .indings from erickson's report what other trends are we seeing and how is silicon valley preparing for the growth? i enjoyed by hans vesburg. did i say six years old? >> you did. that is our prediction. 90% of the population above six years old will have a mobile phone by 2020. what we have seen so far is a slow development. the next year will be an explosion. the reason is prices are coming down. the technology is reaching so for watch further out. we believe that 93%

i'm julie hyman. let's take a look at where stocks are trading right now. had climbs across the board caps off the week. the s&p 500 coming off the lows of the session. now down .5%. material stocks have been leading the climb. will stocks are lower once again. let's take a look at individual movers. adobe system is one of them. though shares jumping to an all-time high, after earnings topped estimates. separately, adobe announced the acquisition of a photography company. it's worth adrian million dollars. -- $800 million. the paint maker predicted 2015 earnings will come in below estimates. ♪ >> you are watching "bloomberg west," only focus on innovation, technology, and the future of business. i'm emily chang. facebook ceo mark zuckerberg got personal and alive streams q&a session with users. he took questions on everything from parenting to pizza. take a listen. >> i guess my view on this important issue -- [laughter] if you are going to be eating pizza, you might as well also have fried chicken on top of pizza. sarah frier joins us now via skype with mo

our senior markets correspondent, julie hyman,

julie hyman here with the details. [laughter] last-minute heroics from the male of the species. >> men tend to be more last-minute in terms of christmas shopping than women. one of the things they will go out and buy his jewelry for their female loved ones. i think that is a safe assumption. >> is not an assumption. it's correct. . >> but jewelry sales have been strong over the longer-term. mastercard tracks a month by month sales in various categories. for 21 straight months, we have seen jewelry sales rise. first and foremost, it tells you about the consumers confidence and their own personal confidence in their economic circumstances. while i believe jewelry is a need, a technically falls in the discretionary category. to see this growth 20 months in think it is really important. in addition to that, they are buying at a higher price point. the average price we are seeing in these transactions is $2600. so this is not customer jewelry. this is really making an investment in themselves. >> according to ibis world com

i'm julie hyman. let's see where stocks traded today. we had declines among energy producers as oil fell to about a five-year low. that pulled down the energy producers with it. we saw weakness in material stocks and information technology being led lower by shares of apple. >> you are watching "bloomberg west" where we focus on innovation, technology and the future of business. >> you are watching "bloomberg west" where we focus on innovation, technology and the future of business. i'm emily chang. can tech moguls also run media empires. several have tried to make their mark in an industry at the crux of change. recently at the new republic, the century old publication bought by chris hughes in 2012, there has been a mass exodus of employees citing a cultural disconnect between silicon valley and the media. what exactly happened at the new republic, joining us is cory johnson. a dozen or so editorial staff have resigned and there have been complaints. >> fairly amazing. >> there have been complained that chris hughes came in with this t

julie hyman has been investigating. the most obvious of these is radioshack. they have said they are in trouble. we think it's going to be around in a year us to mark? --? ?> will it have been liquidated it's not clear how much longer it has. reason that there is so much emphasis on them, they are so visible. we know the names. these retailers die along, slow death. it's not will they survive, it's how long do they have? radioshack suffered another blow just in the past couple of days. it's under investigation by the labor department over its 401(k) practices. apparently lawsuits have been filed against company. the labor department wrote radioshack last month to say they would investigate the 401(k) fund from 2011 or word to make sure they are following rules for retirement. talk about adding insult to injury for radioshack. know they need to change the name to the drone zone. sympathize.r me to they can afford to put up that super bowl commercial. >> is that what companies do before they go under? >> yes. it's a last gasp. we have gotten a lot of numbers fro

i want to bring in our senior markets correspondent julie hyman, and was the retail numbers issue has retail numbers for us. >> the early numbers. black friday was not as strong as some retailers had anticipated. things happen in fits and starts. apparently there was a big late-season push. people have been waiting for last-minute bargains. we have a couple of estimates. craig johnson was with us on friday and she -- he says that sales tracked a little bit higher than he initially estimated. mastercard advisors said that if you looked, thanksgiving to christmas, sales were 5.5%. they are looking at the stuff that was actually bringing -- ringing. the big caveat when you're talking about holiday sales is that it is difficult to get the real number even when the commerce department comes up with the retail sales numbers, and includes all kinds of things. we will get the individual company's reporting their earnings that doesn't happen until february. >> the initial read on black friday was negative. and in the retail sales came out much better than expected only a few days later. >> loo

. >> one of the riders here to compete on this day is paul hyman. >> loves to show off. >> riding a horse, you sit on top of the horse, on the saddle. and you really control the horse with your legs and with your arms. it's much easier to control them that way. when you drive, you only have reins and the horse is way up in front so you really don't control as much as when you are riding. >> the competition begins as planned when paul drives his horse into the ring with the others. but then his horse begins to speed up. >> all of a sudden he started to cantor and that's a big sign that something is wrong. >> walk, please. walk your horse. time-out. >> he pulls the reins to stop but it's no use. >> he hit the other cart and i got thrown out and he was on his own and he really freaked out. >> the horse went into a total panic because he had a loose cart behind him that's banging and turning upside down. >> veteran horse trainers trained paul's horse for the event. >> bring the horses to the inside. bring the horses to the inside, please. >> the tipped cart panics the horse even more. paul an

julie hyman has a rundown of the numbers. we were seeing all of these great deals.stores were opening early. what happened? >> spending down, that is the first number. $50.9 billion. 11%. if you look at that on the level of the individual shopper, the average shopper spent 6.4% less. you can also look at it from a traffic perspective. traffic has been down. that trend appears to have continued. down 4.5%. what did happen? the first caveat with these numbers is that they are just an estimate. the chairman of the national retail federation says, i don't believe that down 11% number. he thinks that is an underestimate of what happened. realver have actual numbers from the weekend. if you talk to the nrs, they give several different reasons why the number looks disappointing. traffic and spending is more spread out over the holiday season. we saw earlier promotions happen at many retailers. , as they arent trying to look on the bright side of this, maybe the economy is getting better so people don't need the deep discounts and they don't want to take the trouble to go t

julie hyman in san francisco. it is time for on the markets. take a look at futures.y moving very much at all today. at least the arrows are green. we are continuing to monitor mario draghi. ♪ >> we are 30 minutes away from the opening bell. futures indicate very little right now. 3/10 of 1%.down futures have moved down rapidly in the last few minutes. new figures show that initial jobless claims for jobless benefits came in slightly higher than expected. very little change their. ecb president mario draghi says he wants to get inflation growing as fast as it can. he is speaking live in frankfurt. it looks like there is a lot of work to do over there. draghi thinksario prices will rise no more than 1.4%. russia possible at them your russia's vladimir putin is taking aim at europe and the u.s.. goal is to hurt the russian economy. he called on russians to end their dependence on imports and that businesses need more freedom from bureaucracy. he's not wrong about that. for the second time in a little more than a week, a controversial grand jury decision involving a blac

. >> i am here with julie hyman and brendan greeley.we would count you down to the top 10 headlines. number 10, it's alibaba. moved 90 million listings that may have breached intellectual property rights have its ipo. they are counting -- selling counterfeit goods on their site. realizing day to be worried about the reputation. >> they were prepping for that ahead of the ipo. this could be a precursor to what other chinese companies are going to have to do as they open up more to the rest of the globe. there are different standards for what is acceptable and not acceptable. >> this is something the u.s. trade representative's office is in trying to do or a decade. this is opening up global capital markets. access to american capital is more important than markets. >> it doesn't work to just tell them what to do. it works to say here's some money. >> thanks for putting a fine point on that dick costolo could be out of a job sometime next year. the speculation is sending shares higher on the news. we know there has been a major management

mark hyman is a family physician, best-selling author and internationally iz

or -- markets correspond correspondent, julie hyman has been looking at the boom in jewelry sales.o not believe anyone in my house is contributing to this boom in holiday sales, but other people are. >> a lot of the jewelry sales are self gifting as we now call it. people buying jewelry for themselves. i spoke to sever quindlen, -- sarah quindlen. she says 421 straight months, we four 21 straight months we have seen an increase in sales. is $2600ge price point . that has been a big increase over this time last year. people are spending more on jewelry. she says it does express the confidence people are feeling in the economy. there is another data point which looks at this that the total size of this market in the 36 --at jewelry stores is $36 billion. >> who are we talking about? >> we are talking about a lot of independent jewelers. that same data told us that more exist for0 businesses jewelry sales in the united states. i talked to sarah quindlen about that idea of going to an independent jeweler. this is how she explained it. >> this is the personalized relationship people are

julie hyman, i know you are at the breaking news desk with more.rt index, it is for the weekend of december 7. of 2007.ce december a seven-year high for the index we're looking at. it rose 39.8 from the week before. some of the elements we have been talking about before and some that we boosted the retail sales earlier are helping consumer confidence and comfort in the parlance of this particular index. that is for gasoline prices, also improving the john market -- the job market. initial jobless claims numbers also coming in. >> it is all along the same lines here, lower gas prices making consumers more comfortable, adding into corporate profits. for 2015, that will be part of the scene? >> it has already been there. the lower oil price, it was not part of my case of why you have to be optimistic on the american economy in 2015. earnings are good. however, we do have potholes. 20% of the profits of the united states are not u.s.. it is such that those profits that those will be worthless. everything is in balance. >> what about companies? is on th

julie hyman is here with a procrastinator's dream. i noticed you have been doing a little shopping this morning. >> amazon prime, this new service that amazon is offering, or-hour delivery for a fee two hour delivery for free in certain areas of manhattan. we have seen some of the other shopping sites do this. google does it, ebay does it same day, but amazon has upped the ante by doing it as one-hour shopping. i did it earlier for "surveillance" and got the crew some gifts for the holiday. i ordered it at 6:16 this morning. half an hour later -- exactly half an hour later i got a call that the courier was downstairs. these offices on 34th street in manhattan and are offering 25,000 different looks as part of this -- different products as part of this. they take it from this office is quite right courier -- by bike courier. it was at our doorstep in about 35 minutes. there was even tracking on my phone to show me his progress, just like when you order at uber . you can see the car when it moves towards you. i could see the little pin

here's julie hyman. >> we've got stocks hovering around record highs although they are coming off a second with a little bit of indecision today. the s&p 500 is now all deaf rebounded 11% from its low in october. the vix is recording is largest again since november 22. always good to see you. given today's lackluster activity, it is curious we would see any kind of sizable pickup in the vix. >> just a frame the lackluster activity, if you look at 20 date realized volatility in the s&p 500, a couple of weeks ago, it was over 4% which is the lowest reading since the 1960's. volatility event in october, we are back in two a period of quiet with the holidays. realized volatility is very low in that makes the move up invix >> a little surprising. >>it would seem to me and i totally that december should feel like a low volatility month even though it tends to be positive for stocks. is that usually what we see? at seasonality from a volatility perspective, it tends to be in a lowell until the middle of the month and then the latter part of the month can deviate from that. for a santalooking clau

julie hyman has more. >> i really enjoyed the picture.rthday present for me. let's take a look at what stocks are rally at. after the fed comest patients, they say that interest rates will likely not go up until after the second half of the year. sebastian is joining me from chicago at the cboe. in terms of what options are pricing at, as we see the big what are wecks, seeing in options that are either supporting the rally or saying maybe we will not keep going? >> you know, we saw the fix -- the vix extremely elevated. it was the highest settle since november of 2011. volatility was as high leading into the fed meeting. it has dissipated substantially. noblex is at a much more -- and much more normal level. 13 into the it at holidays as people take time off and the market slows down. >> one of the other areas we're yields, andtching particularly one comes to options, i am looking at the ishares treasury bond each sheet -- treasury bond etf. what are we seeing on the etf in options on the back of the fed? up into the fed? it is nice for t

julie hyman has the details. >> is a lovely ecco have you been to and all of garden lately? go to all of garden? >> i don't actively go to all of garden, but i believe i have been to one, probably 20 years ago. >> would you take a date they are? -- there? >> no. if we are going to share our honest opinions, i don't like the new design. but so you have been there. -- >> so you have been there. but -- >> i've seen your coverage. in any case, an activist hedge fund, starboard value has been getting involved in a number of industries and basically had a new board appointed at darden restaurants. stephen anderson over at military back, he thinks brad blum, who was a member of that board, will be appointed ceo. it could happen today. i have not heard that from many others, but he thinks it could happen today. charge of thein all of garden from 1994-2002. what the good years. -- >> the good years. exactly come and he was also in charge of burger king and macaroni grill. now he is in charge of this partnership in u.k. that is healthier fast food. a former walmart executive is also n

. >> all right, julie hyman is .ere to talk about looka dealing with walmart is supposed to be a nightmareund like it. >> they seem generally pleased with how the relationship has been going. one of the things they talked about was, with so many other grocery chains that they dealt with, they required a lot of fees to even get on the shelves. marketing and advertising. she said that walmart required none of that, that although they pay the company is essentially for transportation and shipping. they have to get their stuff to dallas, where there is a walmart distribution center it is then shipped out to smaller centers and stores. basically they collect more of the profits because of that. >> do they have to cut prices? >> i asked them about that too, pricing pressure, which is what you would expect. >> there is a bit history down the apartment, -- down the block for me, i cannot imagine -- they are not cheap. >> they are still not cheap, but not extraordinarily expensive. you could buy a box for less than a chore corner bakery. the products that they have developed have been specifically

julie hyman caught up with the chief digital officer.is just being rolled out in portland, how much will it help wait times? i see people waiting and waiting for two minutes five minutes maybe even seven minutes. >> we put an informal survey and the office and the wait times range two to four minutes. starbucks is hoping that will change. when you pass a crowded starbucks and say, i don't want to go in there, there are too many people and the light is too long that might now change because you can go straight and pick up your drink. to the chief digital officer and he talked about where exactly the wait time is. he says the holdup is usually at the point-of-sale. >> the page point is behind the bar, the line at the pos. if we can take the page point out and put it in the hands of our customers we can get more capacity from the same stores. those stores can do more volume and have a better experience for you as a customer. >> starbucks is hoping it will be good for them and the customer and their rolling it out here in portland to try and