>> we just think that visa is going to continue to grow their share frankly versus mastercard.the cash-to-card conversion will continue and be accelerated by the pandemic situation we've experienced this year and for me, i just want the big heavy in the space i think they're going to benefit from the same things that degas just talked about for mastercard but i want the top player in the space. >> all right let's talk applied materials top semi pick for 2021, conviction list, price target goes to 110 from 82. that's over at needham you guys all need to get with the program because nobody owns it pete, what's up with that? you've got micron and marvel, you don't have any of this, why? >> i could i've been in there, i got out. it was a trade for me and i didn't stake with the trade and so you're 100% right but those are -- all these names are feeding different sides of the animal right now we're looking at names like -- i still think micron is way too cheap. i think the 5g side of that is underappreciated so i think there are other names that can actually accelerate faster than a

we will talk to the former saks ceo and mastercard advisor.ll see what he is saying specifically when it comes to this holiday season and the retail environment for 20 to anyone. this is bloomberg. ♪ >> president trump has signed a bill for $900 billion in pandemic relief. the legislation includes $1.4 trillion in government spending from federal agencies through the end of the fiscal year in september. the government had been operating on temporary spending authority that expires after today. germany's confirmed death toll in the coronavirus pandemic has topped already thousand. the number of confirmed covid-19 cases jumped by about 11,000 in the past 24 hours to 1.6 5 million. germany's death toll was relatively low in the first phase of the pandemic but the country has seen hundreds of deaths per day recently. a shutdown that includes the closure of schools and most shops is scheduled to remain in place until january 10, and will likely be extended. and a niche is banning all foreigners from visiting the country -- indonesia is banning all

i also like visa and mastercard because i don't own them square is too expensive.s growing at 100% a year. so i got that covered. i just see no reason to step back and go to american express when visa is such a core position for me at this point and worry about the business cycle. >> does anybody own axp? no one does. joe, you used to, bryn, you like it but nobody owns it. why, bryn? >> it came up the other day when kevin o'leary was talking about it i think it's a really interesting play on the recovery but a couple things have to happen you have to get back on the airline. i'm on a plane every other week, on southwest airline you have to have big companies start allowing their employees to start traveling and use those amex cards again i believe with steve this is a business recovery play i think you have to have the airlines start moving higher because you're getting real traction but i haven't heard of any of my friends that work at companies that their companies are going to let them travel any time soon. if i start hearing that, i would be interested in ameri

rishaad: thank you so much for joining us, copresident for asia-pacific for mastercard.dollars in hong kong's biggest ipo of the year, soaring on its trading w. -- debts trading to be ut. jd health. next, this is bloomberg. ♪ rishaad: shares of jd health are soaring on their hong kong debut. the chinese online health platform seeing heavy demand for its ipo, which was significantly oversubscribed, leaving the company to increase the portion of shares allocated to retail investors. the ceo and an exclusive interview, i asked him about his decision to list in hong kong. market isng's capital similar to the mainland, its understanding of health care is also similar. china's similar -- some china system is very different from foreign ones. each country's health care industry is relevant to their government policies. that is why we think the sting in hong kong is a good choice. -- we think listing in hong kong is a good choice. >> how are you going to prioritize putting u race in the ipo to use in the business? first, we will focus on strengthening our core business. for exam

visa and mastercard have been a great partner with bitpay.e a lot of these cards launching all over the world, and their rewards are making it even easier for people to get crypto back. visa, mastercard have been very innovative and done a great job marketing these products around the world. emily: that said, this is your business. you have to think about the risks. what are the risks you are most concerned about? what could slow this rundown? sonny: the risks are always around regulations. that has been the problem that keeps me up at night essentially. what if the new extruded -- new administration says bitcoin is illegal or the money laundering rules, if it becomes too burdensome for people to actually make purchases. that is what i think is the big issue, but i think regulators are working in the right direction and no crypto is here to stay, and they are trying to make sure they pass rules that are agreeable to everyone and still user-friendly for consumers to keep coming back for more. emily: this may be a rhetorical question, but what'

online sales, though, have jumped, soared about 49% this past quarter, according to mastercard. that equates to about one-third of total retail sales this holiday season. but all those gifts you got may not be so perfect. the national retail federation predicts we will return one out of every ten gifts we receive. that equates to almost or a little bit above $70 billion in unwanted goods. i caught up with some of the shoppers that are out here today to ask them what they thought of this holiday season and how they were shopping. listen in. >> most of it's been online, some in stores but i try to stay out of the stores. >> shopping online, by far the best experience. i'm doing that a lot more than going into the store. >> this year i have been shopping almost exclusively online. and it's pretty difficult to return anything. reporter: if we are talking about that streamlining process, you have walmart working with fed ex so that fed ex will come and pick up those returned items. you have amazon that is allowing you to drop off your returned items at a bunch of whole foods location

segÚn mastercard, los primeros cargnÚmeros indican quo compradores prefirieron las t n tiendas onlinesta al sur de la florida el mercurio sob p sobrepasÓ los 60°, un clima que residentes aprovecharon para realizar actividades al aire libre. para la prÓxima semana se espera un nuevo sistema de tormentas para los estados del norte. >> m(musica). >> al regresar, miles de venezolanos arriesga la vida al cruzar una de las fronteras mÁs peligrosas de latinoamÉrica par escapar la situaciÓn de su paÍs. la pandemia no pudo frenar la construcciÓn de ben eleles, quee hicieron de forma distinta. y lionel messi ofreciÓ entrevista exclusiva que puede ver por telemundo. hablamos sobre el encuentro. volvemos. >> m(musica). >> m(musica). > modelo. elaborada para aquellos con un espíritu luchador. >> m(musica). > ahora en verizon obtén un iphone 12 con verizon 5g. cámbiate hoy y llévate un iphone 12 por nuestra cuenta. en planes unlimited desde $35. cámbiate a la red 5g que te da más. solo en verizon. sacarlos del dolor, sacarlos del dolor rápido.entes. es bueno que tenemos un producto, sensodyne rapid

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district >>85% of bars and restaurants were closed and was an increase from the month around again this is data based on. you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one knocks in the obituary column that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on wit

mastercard said retail sales rose 2.4% between november 1st and christmas eve.t's below the 3.6% to 5.2% growth that had been predicted by the national retail federation. online sales, 47% as many of us ditch stores to buy eye it thames from home or on our mobile devices. during the week leading up to christmas traffic at stores was down about 30% from last year. and wonderwoman 1984 manages the best box office debut during the pandemic but, again, this is relative. the film made nearly $17 million over the holiday weekend. compare that to last year when "star wars rise of skywalker" brought in $32 million on christmas day this year only about a third of theaters are currently open. wonderwoman launched on hbo max, but warner media isn't disclosing those numbers, seizing on the box office fast track a third film in the franchise. marcus and laura back to you. i wish i had those -- the wonderwoman bracelets. >> oh, yeah, chaching. i remember that. >> you certainly have the superpower. thanks, bertha. >>> a grim warning now. next on "today in the bay" doctors work

overall, retail sales rose more than 2% for end-of-year shopping, according to a report from mastercarde big gain was in e-commerce, where sales were up nearly 50% fueled by shoppers locked down and online. 43-year-old tom brady led his new team, the tampa bay bucs, into the play-offs today. brady played his 300th career game and was nearly perfect against the detroit lions. he threw for four touchdowns in just the first half, before giving way to a backup. final score, 47-7. next on the "cbs weekend news," meet a colorado teen changing the world. when they're sick, they get comfortable anywhere and spread germs everywhere. nothing kills more viruses, including the covid-19 virus, on more surfaces than lysol disinfectant spray. lysol. what it takes to protect. if you have postmenopausal and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district >>85% of bars and restaurants were closed and was an increase from the month before around again this is data based on. you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again. i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one not shun the a bid that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on with t

they're relying on consumers to forget so that they can keep billing them >> reporter: visa and mastercard require online merchants to notify customers before trials end. to keep track of charges, experts say monitor the bank account and use a mobile app that tells you when a deduction has been made. morgan chesky, nbc news. >>> up next, charities in crisis and how to helpriti never run dry of... killer attitude. or hydration. neutrogena® hydro boost. the #1 hyaluronic acid moisturizer delivers 2x the hydration for supple, bouncy skin. neutrogena®. honey honey? new nyquil severe honey is maximum strength cold and flu medicine with soothing honey-licious taste. nyquil honey. the nighttime, sniffling, sneezing, coughing, aching, stuffy head, fever best sleep with a cold medicine. i will send out an army to find you in the middle of the darkest night it's true, i will rescue you oh, i will rescue you your lips have a unique print. ...and unique needs. your lips are like no others and need a lip routine that's just right for you. chapstick® has you covered. chapstick. put your lips first®. for

mastercard, online shopping is better than the result we saw in the last recession.49%rose a from a year earlier. e-commerce now accounts for a fifth of all dollars spent in the u.s. holiday season. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. coming up next, brexit uncertainty. may have agreement brought relief to businesses, but the deal leaves issues unresolved. we look at the implications for the u.s. economy next. ♪ matt: we are 17 minutes away from the start of cash equities trading across europe. the u.k. is closed for boxing day but we are going to talk about brexit. deal of trading questions across the board. after more than four negotiation -- four years of negotiations, major issues are still up in the air. joining us now, bloomberg's u.k. economy reporter. mean for the deal u.k.? in terms of economic growth, in terms of gdp. >> it is better than no deal. bloomberg economics has forecast -- that iseal would mainly because trading on wto terms would put tari

it's almost like the visa, mastercard of china.iggest payment gateways for the chinese economy. these are big companies, growing superfast. it was nearly $1 trillion in value over the last couple of weeks. this particular action has knocked off about 150 billion. thank you. near city authorities have introduced quarantine rules for countries like the uk and south africa. the mary bill de blasio said all visitors would be ordered to stay a pre—arranged accommodation for 1h days. those who breach the rules could face a $1000 per day fine. france has accused the former president of the central african republic of trying to block presidential and parliamentary elections. french fighter planes have flown over the country to highlight what the presidents office has described as france's condemnation of attempts to destabilise the country. grant shapps has urged lorry drivers stranded in kent to be patient as they waited to cross the channel following the reopening of the french border. more than 6000 lorries are being held in the county

. ♪ sales areliday retail coming and stronger according to data out of mastercard. have stimulus checks coming down the pipeline. what does that mean for consumer spending? now with more. mary, the stories that here is that we need a check because no one has any money or consumers have so much saved they are going to spend it all. which is true? >> i think people made money. yes there are people who are in the stock market, trade, with big portfolios. we are not going to cry for them. but the majority of americans rely on these checks and aren't certain whether they are going back to work, whether they have money coming. while they may have some saved, it's not enough to get them through six months. i think it's going to be a challenging time. and has been challenging. while we did see some good retail sales, what i want to express is much of that was done with margin erosion. i think we are to see some profitability issues. the goal of the retailer or the brand or website was to chew the merchandise out. >> you're looking at playstation, xbox, kitchen electrics see

according to mastercard, it is better than the results in 2008, which saw 3.5% drop. online sales rose 49% from a year earlier. e-commerce accounts for 1/5 of all dollars spent during the holiday season. global news 24 hours a day, on-air and quicktake by bloomberg, powered by more than 2700 journalists and analysts in .ore than 120 countries coming up, the eu begins its vaccination program while it is poised to approve another vaccine shot. this is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. nationwide 5g is now included. switch and save hundreds. xfinity mobile. annmarie: economics, finance, and politics. this is "bloomberg: surveillance ." i am annmarie hordern in london. the european union has become a

a lot of us pushing holiday season sales past low expectations read according to mastercard, total sales were 3% over the holidays. online sales scored 40 9% from the year earlier. in two thousand eight holiday .ales fell three .5% people have cash to spend, that is the theory, and stimulus will put more cash in the pockets and people will spend it. the question is when and how much. coming up, the biggest vaccination campaign in history has begun. we will speak with the ceo of the phase three trials. save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. nationwide 5g is now included. switch and save hundreds. xfinity mobile. covid-19 vaccinations are being wrapped up across the globe. improve is post to --approve the astrazeneca vaccine today. nova

i think you just had an initiation with the $280 price market that's the knock on visa and mastercardapple >> coming up, we got a lot more questions to answer. can the gold rally keeping it sparkle? we are digging in of what we are seeing during this pandemic. we'll get you some answers on adr ulbeis sectocod heed stay tuned cht - [narrator] at southern new hampshire university, we're committed to making college more accessible by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> welcome back to a bonus hour of "fast mo

the big news today is that visa and mastercard announced that they would no longer process payments forite. that's a good first step, but that's nearl not nearly enough t caters to and other sickos and depictions of violence against women's, sexualization of our young people. the fact is, if you didn't know this, pornhub is a massive enterprise. it draws in millions of viewers every single day, and nearly 7 million videos are posted on site every year. going to take a massive effort left and right coming together to make a dent against this depraved spirited knockout abused west demanded that pornhub remove videos depicting strangulation, choking, plastic bag suffocation, women being hit, brutalized, and tortured, women looking younger than 18 and videos in the teenage category, verbal abuse, humiliation, degradation, torture and rate. end. in the recent report on this, joining me now is gail dime, president of culture reframed, author, she's done incredible work over the years on this issue. in response to all this scrutiny, be 16 says it's taken steps to address the child issue on its

says he is creating a specialty. 3% drivenay sales up by a boom in online shopping according to mastercard. much better results than in the last recession in 2008 which saw a 3.8% drop. made up for a massive 49% and shopping. -- and shopping. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. program, europe 24 hours into is vaccination campaign. this as the u.k. is poised to approve the astrazeneca vaccine. corontest on the manus: it is your monday edition of daybreak: europe. she is annmarie hordern in london. a bit of a tech blowout this morning. theaba, juliette saly said ant group has been told to get back into its link. this is alibaba. down a .4%. the message from the central into your- get back own lane and stick to payments. ant group has wealth management, billione, a half a customers. not a gazillion. the fallout is all around the tech space. a gazillion. there you go. that is why people tune in to daybreak europe. arehe united kingdom, they running a coordinated vaccination campaign.

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district >>85% of bars and restaurants were closed and i was an increase from the month before around again this is data based on. you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one knocks in the obituary column that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hangi

mastercard yesterday reported that sales rose 3%. and they expect about 13% will beeturned. hopefully none of the gifts i gave. at 7:11 metropolituch more ahea including the hunt for the next millionaire. a winning lotto ticket and the search for the lucky person who bought it. was it you? a live look at the san francisco skyline on this cloudy morning. chilly outside and, guess what, more rain on the way. meteorologist rob mayeda has your full sunday forecast coming up after the break. you are watching "today in the bay." hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. >>> welcome back to you on your sunday morning, december 27th. we really appreciate you joining us on this final sunday morning of 2020. a live look outside and, by the way, norbert is our photographer who is filling in for us on this hol

that's according to a report from mastercard.that boost is thanks to more people shopping for home decor and furniture because more people are staying home. the report also found online shopping went up almost 50% between october and christmas eve. >>> a beverly hills restaurant is coming under fire for its plans to host a so-called discreet indoor new year's eve dinner that would have violated county and state covid-19 health orders. la scala is a high-end dining institution in the city known for their celebrity clientele. customers were surprised to see invitations in their takeout bags recently promoting a prohibition era speakeasy themed dinner. both indoor and outdoor dining is not allowed in l.a. county. southern california's icu hospital capacity has been maxed out for the last week. l.a. county has quickly grown to become the nation's covid-19 hot spot. >> i'm surprised a restaurant would attempt to do this seeing as how we have the stay-at-home order right now. i don't think it's a good idea. both of my parents had covid

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district 85% of bars and restaurants were closed and i was an increase from the month before around again this is data based on. >>you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one not shun the a bid that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on with

those figures are based on credit card uses data gathered by mastercard and shared with the city chamberof commerce. >> eviction is a last resort. >> local landlords at their breaking point their plea to lawmakers up next and streaming on cbsn bay area. >>> it will be windy enough today. there is a wind advisory for parts of the north bay. we will talk about that and then look at this if you're not looking at your screen right now there are two possible rainmakers lining up for northern california. we will talk about when we might see it and why we shouldn't expected a whole lot. at least something coming our way. next.>>> we have a troue ina backup near mckee will look at the trav it's hard to have an invisible illness. like depression. no one sees you need help. no one knows you're not okay. so when someone recognizes the importance of mental health and offers a hand, it means everything. my illness may be invisible. but thanks to covered california, i'm not. all covered california health insurance plans are comprehensive - with mental health coverage, and financial help for people who

i think mastercard basically said. they put out their data.m october 11th until christmas eve they say spending up 3% overall but recent double digits on furniture, home decor and home improvement items. how much can we keep decorating our house? when we are done decorating, what will we spend money on? >> honestly, i don't know, decorating your children, pets, i don't he no. decorating plants. i'm in arizona. we decorate our cac discuss out here. i don't know. lauren: where did you see the growth? where do you think the growth actually is? >> well definitely luxury names like restoration hardware. anyone that is redecorating their home, they're flush with cash doing that. their kids were home. want them out of the living room, into the separate area of the house. peloton, nike, all the names like that, lululemon, thety. so if you weren't redecorating you were crafting. so i see a lot of growth in that area too. lauren: nobody was buying clothes. deep store sales and clothing store sales were down big but macy's shares are up 10% today. tj max

. >>> mastercard said people were shopping for home decor and furniture because more people are staying at home. the report also found online shopping went up almost 50% between october and christmas eve. >>> okay. so here is the perfect blend of winter and we'll say creativity at christmastime. this man. it's not a fire. this guy in kentucky said instead of using a shovel he would bring out the flame thrower to clear his driveway. yes. there's another view of this that somebody else did that's really close. you're like why. to add on top of this, he dressed up as cousin eddie from the national lampoon christmas vacation. that also explains why he only has on a hat and a bathrobe. >> oh. oay. >> i guess you get the snow off faster that way when you're flame throwing it. >> yeah. your black loafers with your black socks don't get quite as wet. i think kumasi is just jealous because this didn't happen in florida. >> i'm happy. finally. y'all take that one, kentucky. when we saw the snow, we knew it wasn't florida. thank goodness. >> exactly. i'm with the guy. i'm sorry. i thought that was

mastercard recently put out data that online spending increased nearly 50% from october 11 and december and that coupled with higher shipping demand has led to a boom in demand for warehouse and distribution spaces. joining me now is jim connor from duke realty good morning >> good morning, good to be with you. >> and so i'll jump right in first off, thanks for being with us during what is really probably your busiest time because the learns are comie reg in and your warehouses are full. how does demand look in q1, what are you hearing from your customers as far as stock, inventory and how much returns they see coming in >> the outlook for demand is really fabulous throughout 2020 and 2022 and there are a number of factors. clearly ecommerce, the trends in gloetd and ecomme growth and ecommerce is fabulous a study procejects that ecommere will go from 14% last year to 30% by 2024. so effectively more than doubling so that creates the need for more warehouse space, more -- new state-of-the-art facilities for our customers to use and it puts more and more demand on last mile facility and

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district 85% of bars and restaurants were closed and i was an increase from the month before around again this is data based on. >>you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one knocks in the a bid that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on with

you like mastercard and las vegas sands on the cyclical side appreciate your time thank you so much. jerry castilini. >>> the news i mentioned is on google deirdre bosa has the story. >> google has been hit with its third anti-trust lawsuit in just a few months this one is coming from -- it's being led by the colorado attorney general and a group of 38 states and territory. the suit claims google, we've heard this before, has illegally maintained a monopoly and general search through anti-competitive conducts and contracts. the a.g. said at a press conference not long ago that the group would be filing a motion to consolidate its case with the justice department's recent lawsuit against google so, kelly, the pressure continues to build, particularly on google amid heightened anti-trust of big tech yesterday a group of ten republican a.g.s sued google targeting its ad tech business and allegedly an illegal deal with facebook. we're already seeing some reaction from some of the smaller rivals that have hit hard against google over the last few years yelp says google's betrayal of the w

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district 85% of bars and restaurants were closed and i was an increase from the month before around again this is data based on. >>you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one not shun the a bid that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on with

the pandemic, holiday retail sales were up 3% compared with last year according to a report from mastercard. part of that boost is thanks to more people shopping for home decor and furniture because we're all staying at home more. >>> wonder woman 1984 is dominating the box office. it holds the biggest opening weekend of the pandemic era raking in nearly $17 million. and on the heels of the movie's success, warner brothers is working on the third installment of the dc comics. gal gadot will return as a superhero and patty jenkins will write the ending of the ". >>> tesla owners received a cool gift from elon musk this christmas. they can customize their car horns to play whatever they want. all it takes is a few taps of the car's settings. it can play music, animal sounds, the automotive soundtrack is limitless. the option is only available in newer tesla models with built-in external speakers. the customization can be a nice new add-on they may not be street legal. big problem there. car horns are closely regulated in the california vehicle code. who knew. >> maybe you remember mr. microph

mastercard said online shopping grew a stunning 49%, further et emphasizing how the pandemic has reshapedy stores have been crushed by loads of debt closures and changing shopping trends. the vast number of retailers and restaurants have filed for bankruptcy or shut down all together this year, ryan. >> that's right, a 7-year-old tennessee boy is being hailed as a hero after he saved his baby sister from their burning home. the parents managed to grab two children and run outside but they couldn't get to their 22-month-old daughter erin. that's when young eli sprang into action. >> well, dad bust the window, and then i said i can't do it about two times, and then i said i got her, dad. and then -- and when we got down there, i said that i was scared but i didn't want my sister to die. >> i got her, dad. the family has fostered more than 30 children, including eli. they have adopted two others. they lost everything in the fire. a go fund me page has been set up to support them. the goal was $5,000, and as of this morning, it is up to $325,000. >> wow. i got her, dad. that just breaks your

between november 1st and christmas eve compared to the same period last year, and that's according to mastercard spending pulse. online sales grew 47.2% during that time. guys, the shopping is not over. nrs survey found that two thirds, about 66% of holiday shoppers, will held back to the stores this week. guys? >> thank you, stephanie. i got a little wooden cat meditating from janai, my secret santa, gave it to my son and he was delighted. >> i'm still trying to regift my hot dogs. >>> here's what's coming up on the show. the actress lori loughlin expected to be released from prison tomorrow after serving time in the college admissions scandal. >>> and the tragic loss of a rising college football start. what we know about the death of utah running back ty jordan. >>> "good morning america" is sponsored by ancestry. come together this holiday over your family story. your family story. she's so bea. janie, come here. check this out. let me see. she looks... kind of like me. yeah. that's because it's your grandma when she was your age. oh wow. that's...that's amazing. oh and she was on the debate

mastercard and visa, that is toll taker on transactions. >> sure.heer size of their network is underappreciated. they're connecting billions of cardholders to millions of users all around the world. if there is constant activity throughout the world they're a toll taker as people that run transactions through their rails or through their highways if you will. but the thing is the cash is really their competitor because 3/4 of the world's transactions are still in cash. we view them as a global champion with very long runaway of continued toll taking. >> you like microsoft up 43% this year. microsoft had a good year. >> for sure. they have been the beneficiary of what happened this year. even though their valuation has gone up the thing i would point out as a toll taker they're almost like a toll taker on all bus activity. think of it like a tax on business. they're becoming more deeply entrenched in businesses and more networked giving them pricing power. i know some people complain about the size of market cap. they're 1.7 trillion market cap compa

the san francisco chamber of commerce got their hands on some sobering spending trend data from mastercard at the end of november just based on zip codes and other financial district >>85% of bars and restaurants were closed and was an increase from the month around again this is data based on. you actually get a spending some of those could be holiday closures due to thanksgiving. >>and the chamber does not have an exact list a permanent closures at this time. the owner of delhi board on folsom street decided after a staff member tested positive to start their holiday closure now reopening january 2nd. but hearing the news about the cliff house, he's concerned about what the city's dining scene will look like once this pandemic is over you know eventually when people start to really move around again i think though really feel the u.s. >>kind of what has happened over the last 12 months here in san francisco, one not a bit that makes my heart hurt that scored and drysdale the culinary director at us it's another old-school san francisco restaurant that's hanging on with takeout cocktails

voluntarily terminate payment services and with those hearings to other payment processors with mastercard and visa directly the to the expanded adoption of voluntary measures by other payment processors to cut off payments to the website. also with those campaigning powers to bring them to the table and actively engaged in the discussion and emerging in 2017 it is a excellent example and many parties including the copyright office was section 512 does not achieve the balance intended to foster high level of collaboration with service providers to limit online piracy. i actually agree with that assessment was some collaboration to limit online piracy there can be a lot more accomplished by adopting high level neutral and forward working statutory terms with that provision of article 83 and with those copyright owners and on voluntary measures and finally i believe caution should be exercised to subject voluntary measures to combat online piracy too high and regulatory review. no evidence has emerged with any substantial with illegal activities and indeed service providers and copyright own

mastercard and continental resources getting upgrades as well susan let's start with mastercard.eing called a strong buy because they are benefiting from holiday shoppers who spent more this year than last year. people are using their credit card to complete online transactions. continental resources, thanks to rising and recovering oil prices at the end of the year. a bit more bullish than other investment banks in terms of where they predict oil prices will trade next year and that's why they recommend a stock like that today. david: oil has been going up so far at the end of the year. check the lien if we can, one of stewart's favorite stocks, 737 max jet about to be flown by american airlines with pastors were the first time since the grounding, so when does it take off? lauren: in exactly one hour. 10:32 a.m. from miami arriving in new york at 1:30 p.m. american airlines is the first us carrier to put the jet back in service after it was grounded for 20 months following the 280 crashes took this route will be a daily route with more flights added. american has 31 of the 737

valuable financial companies in the world today, a pure financial company would be visa, paypal, mastercarduple other banks. so technology changes. paypal's stock this year has gone up more than citibank or goldman sachs are worth, for example. haslinda: we have to leave it there. we will continue our conversation tomorrow at the milken asia summit. looking forward to that. mike milken institute chairman. haidi: also looking forward to you coming to us as a hologram at some point. haslinda amin with the milken institute chairman michael milken. don't forget, if you are away from a screen, find in-depth analysis and the days newsmakers on bloomberg radio. lots more ahead. stay with us. this is bloomberg. ♪ haidi:haidi: a quick check of the latest business flash headlines. american airlines says it is ready to expand services of the 737 max as the plane returns grounding.rldwide . they are planning to build flights up to 38 today up to december and eight more in addition to the miami and new york route. american says it will continue to focus on miami. the plane was grounded in march last yea

card issuers like american express and mastercard offer some of those benefits. you shop at target using your target red card, you get an extra 30 days to make returns. >> always read the fine print, right? well, if you decide that you want to ship or go into the store to make those returns, i know there are some other good tips you should be keeping in mind. what are they? >> well, it's really important to kw tnot you may have to pay for the shipping for those returns. so a lot of retailers are not offering free shipping on those returns. it's also good to know this is a unique year. we expect to see more returns than ever. typically we expect to see about 30% of online purchases getting returned. but because that number is likely so much higher this year, a lot of retailers are offering alternative options. so it's really worth calling and checking to see if they'll offer you a partial or even a full refund without mailing back the item. they might ask you to donate it or even keep it, especially if it arrived at all damaged. you also want to know that even if

judiciary committee in terms of hearings and specific letters to other payment processors, such as mastercard and visa, directly led to the expanded adoption of voluntary measures by other payment processors, and cut off payments for pirate websites. and they can bring convening parties to the table for discussions and encourage meaningful measures. copyright that emerged in 2017 from the discussions and meetings convened by u.k. government stands as an excellent and successful example. finally, many parties, including the copyright office at 512 of the d.m.c. a has not areceived the balance intended to foster collaboration between copyright owners to limit on-line piracy. i actually agree with that assessment. while some collaboration between copyright owners and service providers to limit on-line piracy has certainly emerged, there can be a lot more accomplished. i think the u.s. government can right this balance by adopting high level technology neutral and forward looking statutory terms such as the no-fault injunctive relief of the eu society directive. that provision has proved successf

it's like owning mastercard ten or 20 years ago. we all know how that has performed.hasn't been up 600% a year but certainly it's performed well you could say that, you know, about square or about any other of these sort of payment systems. you could put apple in that category to some degree. you could put google into that category to some degree. although they're much bigger companies. but that area is going to continue to grow and i think it's going to be an area where the bigger banks, the traditional lenders are going to have to fight to either get back or to find a way to enter because it's the wave of the future. >> david, next year, your top picks, wells fargo on the list, so 2021 is finally the year of turn around and outperformance for them >> i've got three picks. wells fargo basically is -- it's been poorly run for a number of years. they're finally getting it they're working a lot harder than i am to fix the company and that usually works in financial services you want to have them working harder than you. they're working very hard to fix this thing i thin

first, 3%, that is how much retail sales rose this holiday season according to mastercard.ded from october to december. mastercard says the sales jump was powered by online shopping. >>> next, one hour, how long this teenager was stuck in the mud. the 14-year-old boy was playing with his friends in a delaware neighborhood when he got trapped in a muddy construction site. he was rescued by first-responders. >>> finally, 105 this is unbelievable, how many 3 pointers steph curry sank in a row. he didn't miss a shot for five straight minutes. you were clicking on the video on instagram over and over and over. rachel? >> thank you, griff. socialism may be a growing trend on the far left, it is not gaining popularity among everyday americans. a new poll shows only 11% of voters would choose socialism over capitalism. 75% of americans say capitalism is still king. joining me is political analyst, former bernie sanders campaign director for social justice, tezlyn figueroa. what do you say, is the message for socialism not resonating the way your old boss, bernie sanders around aoc

bank and at mastercard. s that company with a bit of scale already and chase is buying this. i think in the short-term you can say that as you know we have all about holed up in our homes and dying to travel. so 2021 to be a strong travel year that's anticipated i would anticipate that the price -- we were trying to find out the price that chase paid for this the price probably isn't fully valued considering what's been going on in the travel industry this year. >> what's been going on in general, hue, with credit cards? have you seen banks pivot to offering moore rewards that are useful right now like groceries instead of airlines and hotels >> absolutely sara chase is a extra example of this nobody has been traveling in the march to juppe time frame. if you could help it chase amped up the rewards you could get in other segments that were popular, clearly, shopping for food, that type of thing they rejiggered it however, chase is, you know, very bullish on the ultimate rebound in travel, rebound in pleasure travel's anticipated to happen by making this move, they think they

what we know so far, according to mastercard, online sales jumped this year almost 50% but when you accountffic, we are seeing sales, retail sales for this holiday period up only about 3%, but the national retail federation predicts that you and i and everybody that's received at least ten gifts will be returning at least one gift out of that ten. that's because many of us couldn't touch the clothes in stores. that's a whopping potential $70 billion expected to be returned to retailers which is why they are trying to fix the process. starting with walmart, walmart is working with fed ex. fed ex will come and pick up the returned item from your home, then you have amazon that is stepping up, not just saying you can return it at several whole food locations, up to 500 items. you also have dick's sporting goods that is doing curbside returns. i just found out, you want to return an online item, you have to send it back online and pay seven bucks. we know retailers as well as shipping companies were scrambling to get those holiday gifts to you on time for christmas, and now they are faced with

the competition from mastercard and visa this is going to give pressure over to eps over the next fewd they reported a 23% drop in fourth quarter earnings. this is a big deal, and so i think that there's more pressure and risk around this stock than there is upside. just too big to succeed in this environment, i believe. >> you know, for me on visa, melissa, this is about digital payments i mean, one thing that the peck has done, it's really proved that digital payments are here to stay, whether it's, you know, on the fin tech space or whether it's something just as simple as your plastic credit card skprs fra and frankly, the u.s. is woefully behind the rest of the world in terms of fin financial technology and credit card technology, and i think visa stands right in the middle of this, and i don't think that this is going to change after the pandemic so just to make sure i keep up with the game, trade it. >> all right, very good, bk. finally, stay-at-home winner take two up nearly 70% this year >> this is going to sound like a trade, but i'll get to the fade. i do think it's one of

so that mastercard data, the 75 days prior to christmas eve, i think we need to look back farther.ually for retail therapy purposes starting to do holiday shopping literally in july and when you add up all those numbers, i think the national retail federation's going to be right. they actually said months ago that people had done 52% of their holiday shopping going back as early as july. so i think maybe they're hedging their bets on their forecast but i think at the end of the day we're going to see it being up around 5% year over year. cheryl: i was surprised with the e-commerce numbers, it came in at 49% versus 47.2 was the estimate. that surprised me because the stocks on your screen right now, amazon and ebay and etj, i thought we were going to see a bigger boost to e-commerce because of the shutdown. so people did hold back their wallet a little bit. they held back. >> i think there was a little bit of a pause as-and you saw it in the consumer confidence and consumer sentiment numbers that took a nose dive in november. i think but with the surge towards the christmas eve, i t