that's where more than three quarters of us are looking for bargains here in the uk, according to pwctrend is the same around europe and the us. but are more of us growing uncomfortable with the whole thing? france's parliament is considering a crackdown on black friday promotions, the mp behind it wants to limit a waste of resources and stop glorifying overconsumption. it has struck a chord with many consumers. translation: consuming has a real impact on our earth. like friday does not fit that picture anymore. overconsuming means producing a lot of waste. it makes you consume much more than you need. when i see "black friday", it's unbearable, when i see lower prices, i think about the people who are making these products and who are very poorly paid, i think about the environment that is being under threat. thousands of litres of water for a t—shirt, with chemicals and so on. the viewers of some shoppers in france. ben preston is an analyst at orbis investments. let's start with how big an event this is a globally both for retailers in store and on line. this is a globally both for

6096 of jobs won't exist or will be done in new ways over the next ten years, that was the report, pwc opportunities, ——, but also there will be a world in which automation will take its place. what we have to do is ensure young people have the ability to learn how to learn, learning agility so learn how to learn, learning agility so they can up skill while they for these opportunities. it is interesting to see why they move, more money, career progression. millennials have high expectations of what they want from their employer. we often talk about millennials who align themselves with the brand of a company, it did not go into that, but it seems to be very black—and—white reasons as to why they might move. the world of work is changing, thank you very much indeed for your time, and thank you as well, loads of comments about that story. many of you have been in touch, some of you who are in your mid— 50s, talking about how long you have worked for the employer you are with, look at the hashtag for all your comments, and i will see you very your comments, and i will see you very soon,

that's where more than three quarters of us are looking for bargains here in the uk — according to pwcsame around europe and the us. but are more of us growing uncomfortable with the whole thing? france's parliament is considering a crackdown on black friday promotions — the mp behind it wants to limit a ‘waste of resources‘ and stop glorifying overconsumption. it has struck a chord with many consumers translation: consuming has an impact on ourjobs and the ecology. it must be taken into account, black friday does not fit the picture anymore. over consuming fit the picture anymore. over cohsuitiii'ig means fit the picture anymore. over consuming means producing a lot of waste. it makes you consume more than you need. when icy black friday, it's unbearable, when icy lower prices, i think about the people taking these products and who are very poorly paid. i think about the environment under threat, thousands of litres of water for a teacher, chemicals and so one. he's done a lot of thinking. with us now is patrick o'brien, uk retail research director at globaldata there is a decision ab

maria: you're doing a lot of upscaling at pwc.rn and bone up on in terms of getting the jobs of tomorrow, when it comes to artificial intelligence and some of these new technologies that a lot of people really don't understand you how to operate. >> one of the biggest things on ceo's minds including ours is making sure we give our people the right talent and right skillsets to make sure they're successful in the future. it's good for customers, it's good for clients and it's good for our people. some of the skillsets we need are artificial intelligence, block chain, data analytics. sometimes what we realize is you're skipping, we have to teach employees to build automation that makes jobs easier, drives better quality and allows work that's more fulfilling and future proof them as well. we're heavily focused on investing in all of our 55,000 people with basic building of bots and automation. >> what about turnover with the labor shortages, how much of a challenge is that now? >> one of the things every study shows, skillset shorta

however, maybe jonathan to you, have you over 2 trillion of cash on sidelines right now that came up from pwcfidence down, seeing sentiment negative, yet americans, worker bees are quite positive about the economy. why to we see the i did -- discrepancy or a need of buybacks, how that is really propping up the market. jonathan, what do you say? the ceos saying something different. >> there are a lot of factors influences will economy, and stock market. i take mos most -- with jamie d. producers create the wealth, the ubers -- he big secret that we need for a from duckiv productie economy, we need economic freedom. and candidate or administration who provides that will have a strong economy. >> one thing that bothers me, people who criticize this economy, say all they did with money they got the corporations with tax cuts was to do stock buyback thing. they hired a hell of a lot of workers, millions and millions of workers, cost 10,000 on average to train a worker you hire that is where a lot of the mean went, isn't it. >> this is an interesting point we look at wage gains, but some money spen

according to the company's latest 10k, their outside auditor, pwc where were all of these people and kind of in this investigation, as well was there any mention of that on the call today >> there was no mention of that on the call. has not been discussed i'll say that their accounting reports of pc -- pwc clean as they point out today so this really does come as a surprise to outside investors though there have been issues. as i said, not just with the ceo departure. their chief of communications abruptly stepped down in september. they have lost a number of executives within the -- ranks gone through three cfos as i said they lost some heads of accounting f. you read the tea leaves there have been problems for years and this really just is sort of a latest issue. i'm hoping to learn more about what the board knew when and why they decided not to disclose it because i think that's a key problem for investor this is morning but so far we don't have much more information on that. >> yeah. those disclosure issues are always interesting the choices they make. they're not obligated neces

pwc partner mitch rochell might have answers for us. miff, good morning.g shopping this weekend. are we worried about retail sales. >> not at all. amazon prime day was in july. so august and september were a little sluggish, maybe a retail hangover if you will. the consumer is the real story in the economy and i expect retail sales to be really, really strong. in fact, i think there's a little darling in there. the housing market has picked up a little bit. we may see home improvement sales which had been sluggish for the last year pick up a little bit. lauren: mortgage applications surged last week. this could continue in the months ahead. how are you guys feeling about the holidays? >> pretty strong. our forecast this year is up a little under 3%, 2.7%, the average american spending just under $1,300 for the holidays. so we're feeling pretty good about the holidays as well. lauren: apparently not spending it at jc penney. they report before the bell. we are looking at same store sales, key metric to fall more than 8%. >> i think with retailers, it's eith

. >>> while stocks continue to climb, corporate spending is not according to pwc corporate balance sheets are holding more than $2.2 trillion in cash. that is the highest number in decades. why aren't companies spending and will we see some trend continue dean, welcome. why are companies sitting on cash do they expect bad things ahead? >> there are at least two main reasons. number one there's a lot of worry and uncertainty about the trade war. you've got these companies that are being hit by the trade war having to use that money to pay off these tariffs. the second reason is these big companies that have a lot of cash, they're looking -- they're waiting for the economy to turn over so they can get ambitious, go out there and put some money to work. they think a lot of these valuations for private companies are looking a little high. things have gotten a bit rich in the market and so they're waiting, holding this cash hoping to see some opportunities open up and then put that to work everyone is looking at 2020 expecting if there's a downturn a lot of these companies are weaker than mayb

that's where more than three quarters of us are looking for bargains here in the uk — according to pwcf consumerism. although apple black friday deals is the top search on google at the moment, #buynothingday is also trending on twitter. earlier we spoke to rob cameron, chief executive, barclays payments — he told me how strong sales had been this year so far. we are seeing a strong start to black friday, up 6.5% of the black friday i year ago, so we saw the trend kick—off around monday this week. a lot of the sale started earlier than a year ago and we thought we might see a drop—off but we have stayed up at the same consistent rate, 6.5, 6.7%, so the stores are definitely busy and some of the retailers are up a multiple of the retailers are up a multiple of what you would see on a typical day. there is a shift to shopping earlier in the season and some retailers appreciate the chance to get a better sense of what they read and treble look like around christmas but it has also been such a flat year for retail they look at this as an indicator of what the christmas season will bring an

giant applied for a listing on hong kong stock change coming up wednesday morning to break it down pwcout. >> a lot to cover happening right now. maria: what strikes you go a is the most important this morning. >> well that is pleasure for me really, admire the way you did that unflappable job with a lot of dignity great aplomb kudos i am thinking about rudy giuliani the president's attorney, who he has gotten criticism for some of his comments some of them on this program, for his advocacy but. >> op-ed in journal. >> that is right leaves out the case for why it was legitimate for the president and the american government generally to be interested in learning from ukraine what the role was if any in 2016 election, what hunter biden was doing over there was there a corruption problem i recommend that to viewers. >> when i first started looking it became more objects to you as you read into it in terms of yeah this, should be looked at. >> i think it should, especially i think it was really interesting, when the bidens had a chance to explain what seems to be a very shady deal a lot of

here to break it all down with me moody capital markets john, max funds.com cofound per joe, and pwc market response to the president signing the hong kong sanctions is not that grave. >> overnight tipping there was in asia markets sort of sold off and then sort of rally back a little bit. but i think trade is on everybody's mind and will move markets until there's a deal. >> indeeding breaking news president trump arriving back in florida after visiting troops in afghanistan for thanksgiving. here's a live picture from west palm beach right now. you can see a surprise visit one online news magazine got it wrong and went golf on thanksgiving no went to afghanistan. and then we wait for the president to deplane and west palm beach, florida going to mar-a-lago for weekend so maybe golf over weekend but many things on his mind and on his plate to our top story this hour. black friday friend subsidy shoppers fresh from thanksgiving dinner table hitting store and shopping mall as lauren simonetti joins us paramus, new jersey where one mall just opened its door. hey, lauren. >> bergen town

a young woman called nicola thorpe, a temporary office worker, who was sent home from a division of pwce. many thanks, thatis we must leave it there. many thanks, that is the business use. thank you. now it‘s time for a look at the weather with thomasz. the weekend is almost upon us. a bit mixed on the weather front with some rain on away on saturday. a bit mixed on the weather front with some rain on the way on saturday. mostly across western and southern areas of the uk. your best bet for sunshine is sunday. in the short term, clearer skies with a few showers here and there. it is going to be a nippy night and early on saturday morning temperatures throughout the country will be around freezing or below inland. coastal areas not quite so cold. then rain for a time in northern ireland, south—west scotland and these western areas. there could be a bit of snow across the welsh hills as well. but eastern areas and northern england staying just about dry on saturday. and then saturday night, that weather front that brings the rain actually fizzles out as we go through the early hours of su