boy is rahel solomon going to be upset about this one "worldwide exchange" starts right now. >>> good morning and welcome stock futures are pointing to another record open for the major averages as the dow looks to lock in the 22nd record close of the year. the s&p on its 32nd record close. since 2013, when it gained around almost 30%. if it can ink out another 0.4%, it will have been the best year since 1997 so a big move. >> major investor attention on the nasdaq after it closed above the 9,000 mark for the first time ever. just 486 days after closing above the 8,000 mark the faang name playing a role in that move. you can see hear the faang stocks facebook actually up about 19% amazon marginally lower. netflix down and apple a major driver for that faang outperformance more on that move to 9,000 in a moment let's go worldwide we are seeing markets opening since christmas. the shanghai about flat. nikkei down about 0.4 of one percent as well. in europe, green across the map. the dax in germany up 0.1 of one percent as is the cac in france. a little positivity coming off the break. o

rahel solomon joins us he's going to be celebrating his new year's eve >> he did flee to lebanon saying he wouldn't be held hostage by a rigged system in japan really shaken theauto industry ghosn was first arrested in tokyo last november on charges of hiding income and enriching himself through payments at dealerships in the middle east it's revealed he understated his salary only to be arrested again weeks later and then again in april. he holds french,brazilian and citizenship. he has no passports. his lawyer said he still has his passports. lebanon does prohibit the extra diction of citizens meaning it is unlikely he will be forced to return to japan. he has remained zdefiant. he said he can now communicate freely with the media. >> that will be an interesting interview to kick off 2020 how does something like that happen did you say $9 million bail? >> that is the question. it looks like he left on a private plane. he is in lebanon with his wife, carol and outside of their home are armed guards they will be looking at how did that happen. he doesn't have passports and it is stated

let's look some of the other top stories we're following this morning and rahel solomon joins us withhose. >> a lot to get to this morning. so wework will reported will have to pay close to $17 million to its koe-chief executives as part of exit packages. so this is according to the financial times. and the agreement was negotiated amid the company's bail out by softbank the ft says that the two will receive more than $8 million a piece if they are fired or if they leave for a number of reasons. meanwhile, weworks chief legal officer will receive $1.5 million under those same circumstances. >>> overseas, regulators in egypt signed off on uber's $3.1 billion deal to buy a regional rival. uber offered a set of commitments meant to reduce harm to competitors the deal is expected to officially close next month. >>> turning to oil prices, they're hovering at three-month highs this morning thanks in part to optimism over the expected u.s. china trade deal investor also keeping a watch on the potential fallout of u.s. air strikes over the weekend happening in iraq and syria and happened agai

kate rogers, bill griflfeth, rahel solomon.ox con with the company being evasive about what exactly it's building there they might be putting subsidies at risk. going to take a deeper dive into the issue with the guy who is out there and knows exactly what's going on in wisconsin next >>> all right. wellcal back new documents obtained exclusively by "the verge" show wisconsin officials are scrambling to renegotiate the state's contract with foxconn, which includes about $4.5 billion in incentives of the taiwanese technology company refuses to budge for more on the show down, we're joined by the reporter on the story from the verge joss, i assume you've been out there. >> yes. >> we were out there a couple years ago. what's happening there what have they got there are they actually building anything >> that's a good question. and something that everyone, including people in the wisconsin government, are trying to figure out. they are building something. they're building a factory it's a little shy of a million square feet. to co

♪ >>> good morning, i'm rahel solomon at cnbc headquarters, stocks fell for a second day yesterday.he looming december 15th deadline for more u.s. tariffs. reports say that trade negotiators are laying the groundwork to delay those tariffs. investors are waiting for a insights from the federal reserve. >>> and also today's watchlist, a report on consumer prices. >>> general motors is making a big bet on big suvs, unveiling the newly redesigned chevy tahoe and suburban, both among the longest vehicles on the market. they also feature the ability to receive overthe air software updates. gm controls about 70% of the large suv market in north america. >>> and walmart is testing out grocery deliveries byself driving cars, it's a pilot program in houston using an autonomous vehicle. it's a small van that sort of looks like a moving toaster. in september walmart rolled out unlimited delivery for $98 a year. >> what's the speed on the things? i hope it doesn't hold up traffic. >> i would think there's kids darting out in neighborhoods and skateboards. >> it certainly gets your attention. >>

the top trending stories we turn to rahel solomon amazon a key focus for those trending stories todayt's start with amazon. shoppers are familiar with the amazon choice badge. apparently product distinction may not mean that much "wall street journal" is reporting many perceive the badge to be endorsement to amazon it's been attached to a number of products that violate amazon's policies and make false claims and found on some products regulators raised safety concerns about. amazon has not said how it determines which products get the badge and algorithms are used to make most decisions. a spokesperson adding that factors like product popularity, availability, pricing are considered as well, but certainly not good news for amazon if this is true. >> you wonder whether it's a pay for situation, right >> which it's been accused of doing before. >> exactly >> if you're one of vendors who says i want prime placement at the top for amazon if i pay them x dollars will they put it at the top of the list, kind of what google does with ad search items and stuff like that. >> but if it's somet

. >>> good morning, i'm rahel solomon at cnbc wall street is poised to continue to march higher. the markets were boosted by holl sales. the nasdaq closing above the 9,000 mark for the first time. 9,000 mark for the first time. it posted a record close in ten extends its overall winning streak to 11 days, the longest since 2009. it took the nasdaq 335 trading days to go from 8,000 to 9,000. >>> amston want to patent technology to identify shoppers by their hands. a tesla scanning system would i.d. people by characteristics associated with their palms including wrinkles and veins. the system could be used in amazon go or whole food stores. it does not mean amazon is developing the technology but reports earlier this year said it was testing a system to let whole foods customers scan their hand to pay at checkout. >>> starbucks is giving away free espresso drinks today through the end of the year, host more than 1,000 pop-up 1: people local time. location also change and be ea starbuckspop-up.com. drink options include your choice of hot or iced beverage including holiday drinks. t

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street set to open higher. the dow and s&p 500 breaking a five-day streak. the longest stretch since july. report on unemployed and existing home sales. could be a case of the haves and the have-nots. a new report finds that half of u.s. workers did not see a pay raise in the last year. however, nearly 30% did get a pay hike. 12% a better paying job and 10% got both a raise and a better paying job. overall 49% of workers got some type of higher pay that's up from 38% in 2018. here's the thing, those with lower incomes and education levels were less likely to see a salary increase in the past year. >>> and facebook will run its first ever super bowl ad this year. the company bought a 50 second spot featuring chris rock and sylvester stallone. facebook has been seeking to improve the appeal of a social media network through a campaign called more together that showcases groups as a way for people to connect with like-minded users. last month fox said it sold out of super bowl ads a

i'm rahel solomon at cnbc headquarters and here are today's top business headlines.wall street is set to open modest will i higher this morning in a pre-holiday trading. markets are coming off another positive week. the dow and nasdaq both up for the second straight week. the s&p 500 for its fourth street. the s&p on pace for its best december also since 2010. >>> on today's watch list a report on new home sales. >>> as you head out on the roads to friends and family this week you may be paying a little less to get there. the average price of gas dipped four cents over the past two weeks to $2.61 a gallon. that is 18 cents higher than a year ago, and the bay area gas is much higher, averaging $3.68 a gallon. analysts say prices are unlikely to continue trodropping as retailers around the country face higher costs. >>> if you still have a few more gifts to buy you have a few more options left. 13% of americans were to buy saturday but more than 6% are waiting until christmas eve, catering to the procrastinators stores and malls are opening tomorrow and many will close

i'm rahel solomon at cnbc h headquarters. wall street could extend the losses this morning after president trump says may be better to wait after the 2020 election to make a trade deal with china. stocks falling yesterday on rising trade tensions. also weaker than expected report on u.s. manufacturing. the dow, nasdaq and s&p 500 had the worst day in nearly two months. the watch list. automakers report sales numbers. may slap tariffs on more than $2 billion in imports of french champagne, cheese, handbags and other goods. the government has determined that france's new digital services tax would hurt u.s. tech companies, including facebook, apple, google and amazon. they were spared from 25% tariffs until earlier this year, including wine, handbags. they're all lower in europe on the news. >>> shoppers were pointing and clicking and buying quite a bit yesterday. cyber monday sales bringing in a record $9.2 billion. driven by early promotions ands. adobe analytics says sales rose from last year. more from smartphones which set

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street is set to open slightly higher this morning. stocks rising yesterday with the dow, nasdaq and s&p 500 closing at record highs. shares of boeing by the way leading those gains after the company fires ceo dennis muilenberg amid the 737 max crisis. investors also cheering news china will cut tariffs on a wide range of imported goods. a half day of trading today with the markets closing at 1:00 p.m. eastern. >>> the new year will bring new overtime rules for employers, including small businesses and a pay raise for an estimated 1.3 million workers. the jobs most likely to be affected are shift supervisors are assistant managers at restaurants, retailers and manufacturers. workers at companies of all sizes will be affected but the new rules may have a greater impact on smaller firms that don't really have the revenues of larger companies to cushion against higher waiver costs. >>> a new scathing report from buzzfreed and pro publica detail how auxr(f may have sacrificed safety

i'm rahel solomon at cnbc headquarters.t to open higher this morning after stocks stopped a two-day losing streak yesterday. investors are digesting and tracking u.s. senattheed is kee rates on hold as was expected and also signaling it won't make any changes next year. the fed historically doesn't move during an election year. inflation is under control and the job market is healthy. reports on unemployment and existing home sales. jeff bezos has been named the business person of the decade according to the latest cnbc survey. the amazon founder launched the company in the mid-1990s as an online bookstore. it generates revenue from cloud compute williing and artificial intelligence. bezos himself is estimated to be worth $109 billion. also topping the list alibaba founder and tesla ceo elon musk coming in second and third in the survey. apparently people are spending a lot of money on youtube. data from analytics shows that the platform, owned by google, has taken in more than $563 million from in app purchases and subscri

i'm rahel solomon at cnbc headquarters. wall street is pointed toward a higher open this morning.ecord highs again yesterday marking five straight days of gains, the longest winning streak for the s&p 500 index in a month. the markets were supported by positive economic data on housing and manufacturing and continued relief over the u.s./china trade talks. >>> the mega merger would create the world's fourth largest automaker. the companies signing an agreement this morning which could reshape an industry spending billions of dollars on electric vehicles and self-driving systems. no plans will close as a result of this merger. >>> nbc universal's new streaming service may be free for some viewers but our parent company may be willing to charge money for people who want to avoid ads all together. reports say be in something considering a $10 app three-tier for peacock and $5 for limited ads, more flexibility with hulu, no free tier and $6 a month with limited ads. nbc is expected to reveal the cost of peacock january 6th. i hope as nbc employees we get the service for free. i'm goin

i'm rahel solomon at cnbc headquarter anss h headlines. wall street is pointing towards a higher open this morning. investors are reacting to positive economic data out of china. factory activity growing at the fastest pace in three years despite the impact from the trade war. stocks fell on black friday, and the dow, s&p, nasdaq had their best month since june. today's watch list reporting on manufacturing and construction spending. >>> new numbers, consumers friday choosed to shop from the comfort of their couch. online sales hit $7.4 billion, up more than 19% from last year but still a shy of estimates. store visits fell a combined 3% on thursday and friday. so traffic was actually up on thanksgiving evening, but that was dragged down by a 6% decline on black friday. shopper track says the traditional pattern of people visiting stores has not only been disrumted b also offers li buy online and pick up in stores. >>> and disney's "frozen 2" stuffing the competition, or the thanksgiving holiday weekend with a record-setting $137.2 million

i'm rahel solomon at cnbc headquarter answer here are today's top business headlines.ll street is searching for direction today after stocks rallied yesterday. investors appearing to shrug off the trump impeachment to focus on the u.s./china trade teal and passage of the usmca and bz)qy're on pace for their best year since 2013. >>> on today's watch list reports on personal income and spending, consumer sentiment and third quarter gdp. >>> apple likes its martinis shaken, not stirred. the company held talks earlier with mgm and the pac-12 conference to add live college sports and the james bond movie franchise to its apple tv streaming service, launched in november for about $5 a month with nine original shows. the talks with mgm and the pac-12 were in the early stages. >>> there are a few days left in the holiday shopping season. retailers are bracing for returns. h>)zws. 41 billion worth of merchandise bought in november and)g!yh"ece and chains are trying to get prepared in the surge in online returns. marcus and kris, back to you. >> that is a lot of returns. >> ye

i'm rahel solomon at cnbc headquarters. here are today's top business head lines. wall street is pointed toward a higher open this morning as investors continue to digest the phase one trade deal struck by the u.s. and china last week. the trump administration agreeing not to go ahead with tariffs on billions of dollars of chinese imports and cutting some existing tariffs in half. china will postpone tariffs on u.s. autos and other goods. steven mnuchin tells cnbc phase one will likely be signed next month. >>> on the watch list for investors, reports on housing, personal income and consumer sentiment. >>> google will help you find charging stations for electric vehicles and those that your car supports so that includes the different types of adapters you may need. there's also a new electric vehicle setting in the app so you can set your plug preferences. options like this may be necessary in the near future as automakers are electrifying more of their line-ups. >>> many americans are apparently leaving vacation days on the table. a recent survey by priceline find

i'm rahel solomon at cnbc headquarters and here are today's top business headlines.t to open mixed to slightly lower this morning. stocks rose yesterday for the fourth straight session closing at record highs on optimism over the u.s. and china striking phase one of a trade deal, to take son uncertainty out of the way and clear the path to ends the markets on the year with a higher note. >>> boeing says it will temporarily halt production of the 737 max in january. this is after the faa says that the plane would remain grounded at least through the end of the year. regulators are still reviewing the software fix and new pilot training. the many has been grounded since march following two deadly crashes. boeing employees 12,000 workers at its 737 plant in washington state. it plans to reassign workers and does not expect layoffs. >>> instagram is stepping up efforts to tackle misinformation on the web, expanding a fact-checking program worldwide and will label any known false material from facebook if it's then shared to instagram. if you happen to run into a question

i'm rahel solomon at cnbc headquarters, and here are today's top business headlines. wall street looks to rebound from yesterday's losses. the markets are pointing toward a higher open on reports the u.s. and china are moving closer to agreement on the amount of tariffs that could be rolled back in phase one of a trade deal. stocks fell after president trump said he has no deadline for a deal and it may be better to wait until after the 2020 election to make a deal. the dow suffering its worst day in nearly two months. reporting on hiring in the private sector and the u.s. services industry. >>> google will enter the next decade without the two leaders who have been in charge to create the company in a silicon valley garage in 1998. larry paige is stepping down as alphabet and sergei brin is giving up all together. sugo has been with google since 2004 and led the android and chrome divisions. >>> and starbucks is giving away coffee for life, yes, the company launching its annual holiday contest promising five grand prize winners, a daily credit for free food or drink

shares of canopy growth going high today let's get to rahel solomon who has the details. >> investors seem to be high on the news today that constellation brands' cfo david klein will take over as ceo as can pi growth, the world's biggest marijuana producer klein was also appointed chairman in october. and the move now means that they're from constellation with mike lee, a former vice president at constellation the maker of corona owns about 38% of canopy stock and the news has some analysts now wondering if constellation could be moving towards take a majority stake. shares of constellation are down about a percent today. >> rahel, thank for that ian, what do you think would that be a good move to go in and take over more of canopy? and especially at this time where in the united states, at least, you've got some real pressure from the fda over where we're moving with marijuana. >> i mean, i live in l.a., so i understand this industry, but i would say, it's unclear how anybody is going to really make money. that's yet to be proven, anywhere along the food chain. so if they want to do

on the 737 max, head over to cnbc .com time for this morning's top trending stories we turn to rahel solomon season for holiday cheer. >> ba hum bug. not in certain cities. the last few months asking american adults to choose the rudest city. the leading city won by a landslide. none other than -- new york city got more than one-third of the votes. this is not a new trend. it is said new yorkers have been considered rude since the 1700s. los angeles, washington, d.c., boston can i point out this headline. merry christmas, get out of my face and i'm going to add, you filthy animal. >> go watch "home alone. watch "a christmas story" on tbs. >> the world's tallest basketball player is now the world's tallest conductor. he led the boston pops during their holiday concert. he led the christmas classic sleigh ride. breaking out some of his own moves. his tux a double 48, extra long. i'm going to guess you have to get that made. probably not a big issue >> such a great on the court you can see the moves he's making he's light on his feet no matter what you put him in. >> he hasn't played that much

100 relatively flat as is the cac in france looking at some other top stories we are following rahel solomon is here with those. >> china is making a list of tariff skpengss. the new waivers will go into effect december 26 and last one year covering six items, most of them chemical products. china remains silent on the phase one deal saying details will only be released after the deal is signed >> bank of england reported an unnamed third-party supplier had been sending an audio feed of certain meetings to external clients before that feed was available. >> sweden's central bank is hiking the rate from 0 percent from negative 2.2% moving the negative policy for the first time in five years officials say the policy has done its stimulus work and negative rates are no longer needed countries still in negative rates include japan and switzerland. >> other ones as well. >> there are questions about if that could happen here >> put that on the back burner for now. >> for now >>> the impeachment dominating headlines today but will the news halt the market's current bull run bringing in our guest,

bill griffeth, rahel solomon and robert frank are here. shares of stitch fix jumping after beats estimates. the online personal styling service saw active clients saw 17% year over year revenue spiked 10% and the ceo talked about how it meets the needs of today's retail consumer >> i think the world wants a more personalize the offering. the days of retail saying this is the it thing and everybody should giant it, those things are gone people backth want wa people want to be unique >> and the stock up nearly 60% >> however, i would take the other side of that trade because if you look deeper into the earnings report, cash flow has been cut in half operating income, did you see that number? down 99% >> cash flow down 46%. >> meaning that their expenses are going up, meaning the cost of acquisition of these customers is still going up and that can't last forever. >> they have also made a lot of investments this last year, they have expanded into their uk, expanding their kids and men's business but their direct to boouy offerings have worked

inching closer to a phase one trade deal time for this morning's top trending stories we turn to rahel solomonont and center. >> i'm about to break some news here taylor swift not the only musician being named artist of the decade spotify has announced drake has been streamed 28 million times over the last 10 years more than any other artist on the platform rounding out the top five. ed sheeran, post malone, and post malone is the most streamed artist globally. who new? >> i should get with the times >> where is beyonce? >> my question nothing against emenem he's number five, above beyonce. >> we'll see if any other lists come out >> can i command a recount if you ever wanted to live the life of a jedi disney has ordered a star wars themed game show called star wars temple challenge. they'll face off in a serious of competitions disney describes the show as a test of strength, knowledge and bravery. ican attest that, dom, you hav all of those things. >> this is like american ninja warrior with all of the costumes for you. >> not perfectly fit for me. >> you play golf >> that is one thing i thi

let's get to rahel solomon with that >> hi, jon here's what's happening at this hour democratic nationalee announcing the democratic presidential debate for thursday will proceed, after all seven candidates in the debate threatened to boycott over a labor dispute. the dnc chairman tom perez brokered a deal between the workers union at the debate site in los angeles and management services company >>> chinese president xi attending the commissioning of the second aircraft carrier, the first domestically built >>> north korean leader kim jong-un visiting the palace of the sun to mark the 8th anniversary of the death of his father state media show him walking into the palace. >>> and back in the states, widespread damage in parts of western alabama after an apparent tornado touched down last night more than a dozen homes badly damaged. a swarm of tornadoes hit the southeast killed three people, injured a dozen more you're up to date. that's the cnbc news update this hour let's get back to "squawk alley. >>> as we go to break, shares on netflix are up asia pacific growing at its fastest pace

thanks >>> let's get to rahel solomon for a news update. >> hi, carl.d morning here's what's happening this hour iran's armed forces holding a four day naval exercise with russia and china on the northern part of the indian ocean iranian media shows video of a russian frigate docking at port. >>> there are 28 dead and more missing. deaths are due to drowning, falling trees, accidental electrocution. >>> taliban releasing 27 peace activists the day after abducted in ambush on a convoy in western afghanistan area insurgents ambushed the group. taliban haven't claimed responsibility for abductions. >>> staying overseas chaos in montenegr montenegro pt trying to prevent the vote, lawmakers hurled what appeared to be a tear gas cannister in the hall police intervened. >>> that's our cnbc news update this hour. back to "squawk alley. julia, over to you >> thanks so much. >>> when we come back, $420 and beyond gi breakdown what's behind musks tesla bull kathy wood is with us next e, struggles in the spider's web. with every attempt to free itself, it only beco

i'm rahel solomon. here are the top business headlines. wall street could ex tebd the losses this morning after president trump said it may be better to wait until after the 2020 election to have trade talks. the dow, nasdaq and s&p 500 had the worst day in nearly two months. on today's watch list, automakers report november sales numbers. >>> the trump administration may slap tariffs on more than $2 billion in imports of french champagne, cheese, handbags and other goods. u.s. government has determined that france's new digital services tax would hurt u.s. tech companies, including google, facebook, apple and amazon. target some products that were spared from 25% tariffs imposed earlier this year, including handbags, makeups. lvmp, l'oreal are lower in europe this morning. >>> shoppers were pointing and clicking and buying quite a bit yesterday. because cyber monday sales are on track to bring in a record $9.2 billion building on the black friday weekend and driven by early promotions and free shipping. sales rose about 17% from last year

i am rahel solomon here is what's happening president trump talking down speculation that north koreaning a long range nuclear test, telling reporters at mar-a-lago that the u.s. will find out what the surprise is and deal with it successfully. >> we'll see what happens. let's see. maybe it is a nice present maybe it is a present where he sends me a beautiful vase as opposed to a missile test. right? i may get a vase, may get a nice present from him, you don't know, you never know. >>> russian president vladimir putin says russia is the only country with hypersonic weapons. speaking with top military brass, he said russia has an edge on design of new classic weapons. >>> and this ended in a stampede after an event billed as the ultimate balloon drop, led to shoppers scrambling for free gifts. they had gift cards in the balloons, that led to the stampede some kids were also hurt you're up to date. that's the cnbc update back to "squawk alley. julia, back to you >> thank you, rahel. >>> softbank hitting a wall securing bailout financing for wework from three biggest japanese banks here

. >> rahel solomon, thank you very much karen, let's trade in. the revenue number was in line, slightly better, eps pretty good, customer ads pretty good nobody seems to mind that the cfo, the second most important executive, decided to quit. >> i don't know if it was decided to quit. i don't know if it has anything to do with the other move that they have made i'm not sure what to make of that. >> he's pursuing other opportunities. >> i don't know what that means actually, whether that's a graceful we fired you or he's quitting, i don't know so i think that there was a lot to like. the thing that's most interesting is stitch fix's short interest is enormous a whiff of a beat, which they did, they raised their guidance also and you've got this enormous short, 47% of the stock. that's painful. >> so you think this move that we're seeing overnight, probably tomorrow, could be a nice pop, short covering you've got to buy the stock. funding ment fundamentally long term are you -- >> it's really expensive >> 214 times forward earnings? >> they're not

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street is poised to continue to march higher after another positive day yesterday. the markets were boosted by reports of record holiday retail sales even trading volume was light. the nasdaq closing above the 9,000 mark for the first time. it posted a record close in ten straight sessions, its longest move since july 1997 and also extends its overall winning streak to 11 days, the longest since 2009. it took the nasdaq 335 trading days to go from 8,000 to 9,000. >>> amazon wants to patent technology to identify shoppers by their hands. the u.s. patent office published an application from the company yesterday for a touchless scanning system which would i.d. people by characteristics associated with their palms including wrinkles and veins. the system could be used in amazon go or whole food stores. the filing does not mean that amazon is developing the technology but reports earlier this year said that it was testing a system to let whole foods customers scan their hand to pay a

i am rahel solomon at cnbc headquarters. here are today's top business headlines.reet is set to open slightly higher extending yesterday's gains. the move came on reports that the u.s. and china agreed to phase one of a trade deal that would cancel the next round of tariffs set to go into effect this weekend and reduce some existing tariffs on chinese imports. china reportedly agreed to buy more agricultural goods from the u.s. now the white house and beijing have yet to confirm the reports. the president just tweeted a few moments ago. more on that throughout the day. china's foreign ministry said any trade deal must be a win/win for both sides and the big win by boris johnson in the uk elections that removed some uncertainty in the short term over a potentially messy brexit. >>> on today's watch list reports on retail sales and pces. >>> lyft is expanding its rental car program to more users in the los angeles and san francisco bay areas. cars will be able to select users -- users will be able to select cars but you have to be at least 22 years old. the program o

rahel solomon joining us now with that full story. >> as did id brian, good morning.ers continue to choose online rather than in person for all those black friday deals adoe by analytics said sales hit 7.4 billion. it's still a little shy of estimates. shopper track which monitors foot traffic says that visits to stores follow combined 3% on thanksgiving and black friday and traffic was higher on thanksgiving evening dragged down by 6% decline on black friday so shopper track says that retail offerings like buy online and pick up stores are not included in the traffic count adobe says they spent $3.6 billion on small business saturday they rang up $68 billion in november and more people were using their phones to shop adobe says smart phones accounted for 41% of all ecommerce sales up 22% from a year ago. >>> and the holiday shopping bonanza rolls on today with, of course, cyber monday adobe. >> don't say it. >> it's not a thing. >> it's a thing. >> it's not a thing. >> we should be shopping right now because -- >> i am actually >> are you >> yeah. i'm shopping for a

rahel solomon joins us with the latest there good morning. >> good morning.s board is reportedly discussing whether to cut back or temporarily halt 737 max. the max has been grounded worldwide since march and boeing's time line of when it may return to service has been repeat lid pushed back in april, boeing cut production by 20% from 52 to 42 planes a month. taking a $5 billion charge in the second quarter and that was to compensate airlines hit by the grounding. last week, the company acknowledged that the faa and also some over global regulators aren't likely to recertify the max by the end of the year appearing before congress, faa administrator steve dixon expressed concerns that boeing was pursuing an unrealistic schedule boeing has been forced to ground 383 planes already in service and another 400 jets are waiting to be delivered to customers it also has a seven-year backlog of 4,500 orders for the max. boeing shares are down more than 2% year to date still up 3.4% dom, back to you. >> thank you very much for that update on boeing, rahel. >>> still on

i'm rahel solomon at cnbc headquarters and here are today's top business headlines.wall street is pointing towards a higher open this morning. investors are reacting to positive economic data out of china. factory activity growing at the fastest pace in three years despite the impact from the trade war.y, a the dow, nasdaq, and s&p 500 had their best month sincee. spending. >>> new numbers, consumers largely avoided the stores and malls on black friday, choosing instead to shop from the comfort of their couch. adobe analytics says that online sales hit $7.4 billion, up more than 19% from last year but still a shy of estimates. shopper track, which monitors foot traffic, says that store visits fell a combined 3% on thursday and friday. so traffic was actually up on thanksgiving evening, but that was dragged down by a 6% decline on black friday. shopper track says the traditional pattern of people visiting stores has not only been disrupted by online shopping but also offers like buy online and pick up in stores. >>> and disney's "frozen 2" stuffing the competition ove

we've got a pair of earnings alerts right now on gamestop and ali's bargain outlet rahel solomon joiningth those numbers >> hi, brian two earnings and two very different stories. let's start with gamestop, plunging after hours after a disappointing quarter. a miss on the top and bottom lines. you can see gamestop down almost 20% right now. so eps came in at a loss of 49 cents. the expectation had been a gain of 11 cents. revenue, not much better $1.44 billion. the street was hoping for $1.62 billion. comps, comps down almost a quarter, 23.2% versus down 13.8%, which the street was expecting. george sherman, gamestop's chief executive officer saying in a press release that our third quarter results continue to reflect the prevailing industry trends most notably, the unprecedented decline in new hardware sales seen across the market, and perhaps even worse, they expect these trends to continue into next quarter looking at guidance, eps for fiscal year '19, t10 cents to 20 cents versus the adjusted $1.20. so guamestop is down almost 20% oll ollie's, revenue was $327 million versus the $323