so if i want to go in saks, i'd like to be able to just go in whenever i want to go. you know, not set up an appointment just to go in and look at the pair of shoes. >> union square has been synonymous with stores shuttering their doors as retail theft rose. most, like nanette, who works in the area, said she believes the shift is because of a change in consumer behavior. >> it's really not exactly union square or covid or whatever. it's just a sign of times, you know, we shop in amazon, shop on blah, blah, blah.com. >> in a statement, the union square association said we're seeing retailers with high end clientele offering appointment service. they went on to say, we look forward to continuing to be a part of union square's luxury market as they find innovative ways to serve their customers and navigate through this transition. now, saks uses a similar appointment appointment based method at their smaller locations in both napa and menlo park. heather. >> we'll see how well it goes over in san francisco. bailey. thank you. also in san francisco, police are searching

you soon won't be able to just stroll around saks.y are not closing. >> reporter: saks fifth avenue was a giant in the luxury space. you have heard about it in movies and songs. things are changing. from now on , if you want that experience, you will have to book an appointment. saks fifth avenue was a hallmark of many luxury retail districts in the union square location is an iconic symbol for shoppers. tourists like the full experience of rousing, particularly in the perfume i'll. >> i am going into that apartment and smell some perfumes. >> reporter: leisure shopping assumed to be a remnant of the past. they are adopting an appointment only model, limiting foot traffic. >> the idea behind making that appointment makes no sense. they have competition with macy's and neiman marcus. >> recent news paints a grim picture of the once vital district. the vacancy rate dipped to 31% as some store struggle to attract customers and others battle theft. dislocation is following a larger trend of luxury spaces limiting who enters and when. >> m

a shift at saks fifth avenue in san francisco. retailer says it's moving toward appointment only shopping. >> another result of san francisco's challenge to bounce back from the pandemic and the changing retail landscape. ktvu bailey o'carroll has our report. >> it's not really union square. i think it's a sign of times people shop online and, you know, and therefore not very many people go inside stores anymore. >> beginning next month, you won't be able to just walk into saks fifth avenue in san francisco's union square. the luxury retail giant announced it's moving to appointment only shopping. in a statement, a spokesperson for saks said we're always looking for innovative ways to optimize our store experience to match luxury consumers evolving expectations, including by meeting our customers where and how they want to shop with us shoppers. we spoke to don't think it's a good idea, given that tourists frequent the area. >> like, i think for a tourist, you're not. you're going to come here and you're just trying to see what yo

saks in san francisco making a big change in how people can shop and granny flats without granny. >> jose makes changes to allow homeowners to sell in-law s separate outage that resulted in the grounding of thousands of flights. the issue stemming from a faulty software update by the cybersecurity company crowdstrike. the outage has also caused havoc at hospitals and banks, and knocked out some 911 services. >> the computer outage forced the united delta, american and several other airlines to halt flights. many of the airlines lost access to check in and booking services, and had trouble dispatching flights so far. at sfo today, at least 115 flights have been canceled, according to flightaware. service is resuming, but airlines are having some trouble getting back to normal operations and an east san jose trauma center is avoiding an august closure after months of community protest. >> instead, the regional medical center will be downgrading its capabilities to stay open. the center says that it's dedicating or dedicated rather to providing a range of services. advocates, though, ar

. >>> saks is making the ultimate luxury purchase. mega merger in the works this morning. >>> red, white, and boom. the fourth of july shows to wow the crowds. bring on the fireworks. it's independence day. "early today" starts right now. >>> and good morning. i'm richard lui. hurricane beryl now downgraded to a category 3 storm is barrelling toward the cayman islands. the storm lashing jamaica wednesday, as a category 4, with maximum sustained winds of 140 miles per hour as it blasted past the island nation, uprooting trees, ripping roofs off of homes. beryl's path remains uncertain with texas authorities warning residents in coastal areas to be prepared over the holiday weekend. let's go to nbc's angie lassman. good morning to you. and it is still something to be reckoned with. >> good morning, richard, it indeed is. we're still going to be watching this system, not quite as strong as what it once was. through the weekend it will probably be problematic. category 3 with winds at 125 miles per hour. we're going to see major improveme

there's still time to weigh in. >> i have saks fifth avenue on on the phone right now.t news for you. i don't know if i would do that. >> i think i prefer to drop in. >> i mean, how many people go in there in the first place? and now you've got to set up a protocol to get into the store and then have someone kind of following you around the store. but that's right. i mean, obviously we know why they're doing it, but i think about the people out of town too. >> yeah, that may just want to meander in there. well, i think i think the people have spoken how about you, rosemary? >> how do you how do you feel about it? >> oh, i'd love to just drop in. and i love to shop. >> so i'm with you. >> are the online shopping thing. no bueno for me. good morning to all of you a happy saturday. here's a beautiful view of the golden gate bridge. how about a drop in those temps? we are going to see a cool down today. a little bit more tomorrow. and then as we get into the workweek ahead, those temperatures are going to fly right back upward. i'll show you that in the extended forecast. l

. >>> the "wall street journal" reports the owner of department store saks fifth avenue plans to buyr months of negotiations, the two companies' boards have agreed to the $2.65 billion deal. amazon and salesforce would also reportedly take a minority stake in the new company which will be called saks global. >>> and there are plenty of deals to be had to celebrate america's independence. krispy kreme is offering a free original glazed doughnut to those wearing red, white, and blue to participating shops. jimmy john's has a special buy one-get one deal on its new spicy firecracker wrap. kfc is giving 40% off 12 pieces of chicken. and doordash has free delivery deals on white claw seltzers and a promotion where you can also win a cooler. happy 4th. >>> that's your "money watch" report for this thursday morning. i'm shanelle kaul, cbs news, new york. >>> up next, if you are throwing a backyard barbecue this fourth of july, stick around for safe cooking tips to keep the party going. cooking tips to keep the party going. ♪ i have type 2 diabetest i manage it well ♪ ♪ jardiance! ♪ ♪ it's a

the $2.6 billion deal will create saks global.s in the new company, which will have nearly 80 stores. >>> when we come back, the heartwarming and patriotic reunion of two marines and their military dogs. ♪ imagine a future where plastic is not wasted... but instead remade over and over... into the things that keep our food fresher, our families safer, and our planet cleaner. to help us get there, america's plastic makers are investing billions of dollars to create innovative products and new recycling technologies for sustainable change. because when you push for smarter solutions, big things can happen. did you know that if you shave, 1/3rd of what you remove is skin? (♪) new dove helps repair it. so, if you shave it? (♪) dove it new dove replenish your skin after every shave. can you do this? as early as your 40s you may lose muscle and strength. protein supports muscle health. ensure max protein has a 30 gram blend of high quality protein to feed muscles for up to seven hours. so take the challenge. ensure, nutrition for streng

. >>> saks fifth avenue will acquire neiman marcus for $2.6 billion. it will be called saks global.ill lead. neiman marcus says the partnership is a proactive choice in the evolving retail landscape as they face c compe competition. >>> and the eu furthering its fight against big tech. elon musk's social media plat f platform x will be given a warning for content online. if x doesn't make the changes, the eu could fine it 6% of its revenue. the eu gave similar warning to apple and meta, frank. >>> thank you very much. we have more coming up on political change in the uk. you see 10 downing street where prime minister rishi sunak is conceding after the country's election. we will have those comments when he starts speaking and what investors need to know about the new prime minister. more ahead. stay with us. tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "worldwide ex

this would create a new company called saks global.his deal will be none other than the online retail titan amazon, which would reportedly be a minority owner in the new company and would provide tech and logistic support. it's not clear if any products would be sold through amazon. the companies aren't yet commenting to us on this merge. both nieman and saks have been battling slow sales. lot of shoppers are choosing to buy directly from high end brands online instead of going to department stores. earlier this year we saw macy's announced it would cut jobs and shut down 150 of its store locations to adapt to the changing market space online and to underscore that shift, if you look at overall sales in the u.s., department store sales are down 2% while online sales are up 7%. rebecca? >> rebecca: it is a completely different world out there. now you have amazon involved in this as well. elizabeth, thank you so much for that. and coming up next, we're still shopping. morgan norwood is here with the biggest 4th of july sales. what are y

fireworks in the retail sector with saks will buy neiman marcus. it will establish saks global.rf goodman. global raised its offer for the retailer. >>> when we come back, more on "sq "squawk," big tech is targeting more. we'll talk about it next when we return. ♪ ♪ ♪ ♪ at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? >>> welcome back to "squawk box." the eu taking aim at big tech again. the eu will give a warning to x for dangerous content online. if x doesn't ma

john, to you on this story about sak's fifth avenue and that parent company of them which is hudson baybasically going to be buying nieman marcus which is their rival, a $2.65 billion deal. but they're getting help from amazon and from salesforce. so this is an interesting story here. the tech giants are going to help gather high quality data on customers, analyze it, and then you personalize the experience for shoppers online. and then it also should help with logistics. this is all about the online story. what do you make of this whole thing? if. >> well, we're seeing some con doll sayings in the luxury goods sector, and that a makes a lot of sense because of the fact that we've already had consolidation among manufacturers of luxury goods having right now lvmh that makes up a string of luxury products, has something like $944 billion -- 94 billion of sales versus what will be only $10 billion of sales for this new combination of sak's fifth avenue and nieman marcus. and, of course, you have to be impressed by the fact that we have companies like amazon that is an expert at distributi

. >>> saks fifth avenue announcing a major change at the store and union square.ew trend in high-end retail. >>> calls for president biden to step down continue to grow. how the president is responding to mounting pressure. >>> the backlash after a reporter was found guilty of espionage.

the new organization will be called sak's global. amazon and salesforce are also getting in on this retail action because they're taking a minority stake in that new luxury power heys. am -- powerhouse. amazon and salesforce shares also moving higher on that news. investors also were buying up shares of macy's, up just a little bit here, 10%. this is after arkhouse management and brigade capital management have -- their bid to -- sweetened their bid by about $3000 million, bringing that full deal to about $7 billion. this is all a according to "the wall street journal." now markets on track to end this week in the green, but as a wall street kicks off the second half of the year with some retail m&a and a strong may -- labor market, what does this mean for a possible federal reserve rate cut in the second half? i'm pleased to say we can get right to it. our floor show happens now. joining me, trader keith fitz-gerald and huntington private bank's chief economist. if great to see you. olu, i want to start with you. did the jobs report

look at the saks and neimans deal.do they take care of their existing lines of businesses, they continue to grow more and more faster revenue growing businesses. ads is a number one growth business for them right now, and i love the story with amazon. it's a buy from me. i think this is going to be the $3 trillion club within five years. >> let's move on to arm holdings. one of the largest chip makers in the world. stock up 30% in the past month. shares have more than tripled since the company's ipo last year. what would you do with arm? >> arm is still a buy for me because you have to put that in the context of what the semiconductor space has been doing and what other stocks have been doing. tesla ran up 25% the last four days. some of these tech sectors are moving fast. it's a momentum rally, and arm has a player in everything, literally 70% of the people in the globe have something that arm has touched. 99% of smartphones, what their ceo claims, are having some sort of arm ip. they don't manufacture anything. they'

they were all matured brutally in the battle of carbala in sak in 688 after fighting courageously for justice against the much larger army of the omad khalif yazi. that mainly morns mam hussein's brother abbas who made great sacrifices to protect the imam and his family. mers were black. during this time and hold special ceremonies and rituals, mostly reciting the heart-wrenching events of cabala. the federal bureau of investigation has rayed the home of the suspect in the assassination attempt on donald trump near the us city of pittsburg. the shooter has been identified as 20-year-old thomas matthew crooks, bomb making materials have been found in his car and home. crooks reportedly used semi-automatic rifle to carry out the attack. trump was speaking to supporters. in butler, pennsylvania on saturday when he was shot. in social media post following the attack, trump said he was hit by a bullet that pierced the upper part of his right ear. one spectator was killed and at these. two were critically injured, the shooter was also killed at the scene. investigations are on the way to fi

trump named jd vance his pick for vice president, local tech entrepreneurs like elon musk and david saks were ecstatic. musk said he would donate $45 million a month to support former president trump, but now there may be reason for liberal tech executives and investors in silicon valley to feel rejuvenated and optimistic about the election. in november. professor olaf groth is with the uc berkeley haas school of business. he believes vice president harris can do well over a number of issues in silicon valley. >> look, i mean, i think silicon valley is generally in favor of more diversity. i think she will draw hispanics. she will draw black voters, she will draw younger voters. she will draw a crowd that is more in favor of immigration, because immigration is good for labor shortages and for talent. >> the co-founder of linkedin, reid hoffman, is a major democratic donor. he endorsed vice president harris. meanwhile, billionaire venture capitalist, the known coleslaw, who held a fundraiser for president biden in may, is calling for an open process at the democratic convention. things at

they're coming to saks fifth avenue in san francisco.orted by the san francisco chronicle. the paper says the store told employees about the switch yesterday and announced a new round of layoffs. as a result of this change. saks fifth avenue hasn't given a specific reason for this change or how many jobs will be lost. the changes are expected to start by august 28th, and stn jose congresswoman zoe lofgren sent a letter to the president last night saying in part, quote, your candidacy is on a trajectory to lose the white house and potentially impact crucial house and senate races on the ballot. it is for these reasons that i urge you to step aside and north bay congressman jared huffman and other representatives sent a letter to the president in a joint message saying in part, quote, democrats have a deep and talented bench of young leaders led by vice president kamala harris, who you have lifted up, empowered and prepared for this moment. but this morning, a new biden campaign memo obtained by nbc news insisted the president will stay on

sf bay ferry says repairs on the shuttle are now complete and it is back in service as of today, saksth avenue says layoffs and big operational changes are coming. the chronicle reports the location in san francisco's union square will be switching to appointment only shopping. the change is set to go in effect august 28th. no word yet on the motivations behind the operational pivot. the announcement also includes a round of layoffs. it's not clear how many employees will be getting those notices. saks reps say those who are eligible will get severance packages. >> well, much like that video, we have blue skies outside our doors here in jack london studio and roberta, it's already warm out there and it's just going to get warmer. >> absolutely. with the daytime heating today, our temperatures are increasing substantially in comparison to yesterday. and as the temperatures go up, our air quality will go down. it is deteriorating. let's get to it. it's our live weather camera looking out for monument peak. over 2500ft tall, looking out towards the santa clara valley and you can see a li

that new company will be called saks global, according to the wall street journal. amazon and san francisco based salesforce will also be minority shareholders on the peninsula. >> the famed flintstone house in hillsborough is opening to the public for the very first time, and it will also be home to a new fine dining pop up experience. starting next week. the experiences start on july 12th. they include a tour of the home and a 15 course tasting menu. now the reservations opened up last night, but if you didn't know, you didn't know and you won't go because they sold out in minutes, the flintstone house is privately owned by a former publishing executive, says she does not live there, but uses it for entertaining. >> let's be nice, entertain away inside so it looks like community style. >> so you'll get to like, make friends. you'll make some friends. there's a chef, miss michelin starred chef. let's put some respect on his name. >> yeah, he's a really well known sushi chef. >> 085 wagyu. do you get a5 on the menu? because you know a5 by itself can be $200. >> that

saks fifth avenue also announced a round of layoffs.t's not clear how many employees are affected, and the store did not say why it's making these cuts or why it's moving to appointment only. we continue to follow the a's planned relocation to las vegas. >> the team is planning to leave $30 million in public money on the table, after its new stadium in las vegas is built. a's executive sandy dean told vegas officials the club expects to spend 350 million of the $380 million allocated for the ballpark. the total cost of the stadium is $1.5 billion. the rest of that money is coming from private equity. the a's hoped to start playing in vegas in the 2028 season. >> the mayor of flavortown is hitting it out of the park with major league baseball celebrity chef and longtime sonoma county resident guy fieri collaborated with all 30 mlb teams to create t shirts. they're inspired by iconic concessions at each ballpark. so here's what the a's one looks like. it's inspired by the burnt ends that tops the bowls of mac and cheese at the coliseum. o

named jd vance for his pick for vice president, local tech entrepreneurs like elon musk and david saks donate $45 million a month to support former president trump. but now there may be reason for liberal tech executives and investors in silicon valley to feel rejuvenated and optimistic about the election. in november, professor olaf roth is with the uc berkeley haas school of business. he believes vice president harris can do well over a number of issues in silicon valley. >> look, i mean, i think silicon valley is generally in favor of more diversity. i think she will draw hispanics. she will draw black voters. she will draw younger voters. she will draw a crowd that is more in favor of immigration, because immigration is good for labor shortages and for talent. >> the co-founder of linkedin, reid hoffman, is a major democratic donor. he endorsed vice president harris. meanwhile billionaire venture capitalist vinod khosla, who held a fundraiser for president biden in may, is calling for an open process at the democratic convention. now, the proposed tax on unrealized capital gains an

saks fifth avenue also announced a round of layoffs. it's not clear how many employees are affected. the store didn't say why it's making these cuts or why it's moving to appointment only. >> san francisco mayor london breed says the city is planning to start a very aggressive sweep of homeless encampments next month. breed made the comment at a debate yesterday hosted by the san francisco firefighters union. our media partners at the sf standard were there and say breed applauded the supreme court's decision in june that allows cities to enforce rules restricting unhoused people from sleeping outside. breed says the city may start issuing criminal penalties for violations. an illegal encampment along the bay bridge won't be forced out just yet. the 8 to 10 unhoused people who've been living there on the coast for months, we're told they need to leave by today. oakland confirmed they now have until tuesday to clear the premises, which is critical for some who are trying to figure out where else to go. >> it's been difficult in every eve

you will no longer be able to stroll into saks fifth avenue. you got to put an appointment.his comes as some nearby stores continue to struggle. after the pandemic to attract customers, while others deal with crime. shoppers. we talked to say this takes away kind of the fun of just browsing around stores. >>>the idea that you have to make an appointment. to go into a store. makes absolutely no sense. besides competition. with macy's and neiman markets if they're not going to do that, as well. then what did we do? >liz>sack says it's always looking for ways to meet the evolving expectation. of its customers and the switch to appointment only will allow them to offer. more more personalized experience. this month sacks for the avenues parent company also bought neiman marcus and a deal worth more than two. billion. - it's so fun to watch jessica in this space. - this is a look at those clouds right now in real-time, but let's head underneath this cloud layer and take a look at our rainfall... - [narrator] the virtual view studio, part of "morning edition." weekday mornings sta

. >> well, major merger at the mall, the parent company of saks fifth avenue, is acquiring neiman marcus in a deal worth $2.6 billion. no stores are expected to close, and in a surprise move, amazon will be a minority investor in the new company, providing technology and other services. mortgage rates rose last week for the first time since late may. the 30 year fixed rate mortgage averaged 6.95. analysts still expect rates to slowly drop in the coming months. >> a judge has now weighed in on a controversial idea to ban employee non-compete clauses. supporters of the ban say it would give workers more freedom and boost wages, but critics say otherwise. this morning, a court ruling that could affect workers across the country. a federal judge in texas has temporarily blocked a government ban on non-compete agreements, which was set to take effect in september. supporters of the ban approved by the ftc earlier this year, argue non-compete agreements hurt workers, suppressed wages and stifle innovation. >> it's clear that the freedom to leave your job and take another job is fundamental to

you see that story, saks with avenue and neiman marcus. amazon is taking a stake.hows you the tightness we are beginning to see in retail, how frequency data -- i believe in it. dani: we will see if the jobs data -- manus: i got a new card. dani: no spending right now. we have jobs data. coming up, priya misra -- ♪ >> we could start to see a continuation of softer momentum. >> the unemployment rate is inching higher. that should potentially be setting off alarm bells at the federal reserve. >> unless we see the jobs market picking up again, it still looks to be an economy losing speed. >> we could see payroll as high as 250. >> if we get this gradual decline in labor market pressure, i think that is quite a good outcome. >> this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz, and annmarie hordern. manus: from new york city for our audience worldwide, good morning. it is "bloomberg surveillance." i'm manus cranny alongside dani burger. not your usual lineup. dani, it is a fascinating time to come into work on the fifth of july, just from the politi

speakers tonight included a rapper and influencer, amber rose, and san francisco venture capitalist david saks. president biden in the meantime, also on the move this evening, he kicked off a two day campaign swing through nevada. there he was in las vegas earlier in the day. he was back at the white house, where he spoke to nbc's lester holt in a highly anticipated interview. and the reason i asked, because i guess the question is, are you all on the same page? are you seeing what they saw? which was moments of, frankly, of that appeared to be you appeared to be confused. lester. look why don't you guys ever talk about the 18 to 28 lies he told? where are you on this? why didn't the press ever talk about that 28 times? it's confirmed he lied in that debate. i had a bad, bad night. i wasn't feeling well at all. and i had been without making. i screwed up. we have team coverage of the republican convention and an exclusive interview with the president. we start with nbc's alice barr from milwaukee. reporter good evening, raj and jessica. well, the arena erupted into cheers when former president

repairing this airfield, and then try to use it in some way, just as it applies to other objects, the saksre not far from ukraine, in principle it is convenient, quite a convenient route, both for ukrainian uavs and other ukrainian weapons, in the impression, including for missiles, and we understand that the ukrainians also work quite accurately and qualitatively along the eastern coast of crimea, not giving an opportunity for the russians to hide there, well, in the end , another confirmation that we are capable, can work qualitatively, the russians will say that they have... er, every strike means even fewer losses, they are not reaching the point of absurdity, that even more, it became even better for the occupying armed forces of the russian federation, due to the fact that the ukrainians destroyed a hundred or so there, so be it, this week yuriy butusov wrote that the situation in the pokrov direction is critical, the russians were able to advance several kilometers in a week , and they do it too despite the fact that there is unfavorable for them... writes butusov, in fact, the situ

the extra step you're going to have to take if you want to shop at saks in the city. end of next month. the shopping giants, say says that they'll allow shoppers inside by appointment only. the san francisco chronicle reports that the company told employees about that switch yesterday, and warned that the change could come with layoffs. the company didn't give a specific reason for the switch, or say how many employees will maybe lose their jobs. changes are expected to take effect by august 28th. a back to school backpack party was held today to help bay area families with critically ill children. anthem blue cross partnered with the ronald mcdonald house charities to host the event in palo alto. volunteers put together 200 backpacks filled with school supplies. the backpacks will go to a number of sick children receiving care at bay area hospitals. up next, giant pandas aren't here yet, but a different adorable panda has arrived has already landed in san francisco. meet the newest animal at the zoo after the break. and here's a look inside rockefeller center tonight. lester holt prep

vance his pick for vice president, local tech entrepreneurs like elon musk and david saks were ecstatic. musk said he would donate $45 million a month to support former president trump billionaires that are supporting vance see him as one of them. >> they think that he understands silicon valley, he understands venture capital, and he understands startups. >> but now there may be reason for liberal tech executives and investors in silicon valley to feel rejuvenated and optimistic about the election in november. professor olaf grote is with the uc berkeley haas school of business. >> we do have a fair amount of billionaires that are voting left and are giving left, you know, such as eric schmidt, marc benioff and others. and so i do believe that as we get closer to the election, you will see many more of those voices. >> the co-founder of linkedin, reid hoffman, is a major democratic donor. he endorsed vp harris. meanwhile, billionaire venture capitalist vinod khosla, who held a fundraiser for president biden in may, is calling for an open process at the democratic convention. >> at this

great that we would want the same thing, that’s it, but what about the wedding, tomorrow we’ll go to sakssed, everything will be fine, you should submit an application, yes, they won’t accept it, i mean, the receptionist broke his leg, replace it no one, go crazy, lol, just don’t cry, okay, in 2 weeks it won’t be noticeable, but don’t worry, it’s already clear what ’s what, well, if he’s in front of... well, you’re crazy, let’s go on our own let's find out, i feel sorry for the girl, being nervous now is not an option at all, and 2 weeks is not a long time, you agree, i agree, well then until the evening, or something, until the evening, uh... the documents haven't been submitted, uh-huh, can i kiss you, and then? i don’t understand, but she broke her leg, and can’t they send a replacement from the regional center? they can’t, they’re parasites, there’s no man here yet you’ll try to persuade me until you get to the parliament, and they ’ll make such a dirty trick, who are you talking about now? no, no, i’m not talking about you, i’m just like that, uh-huh, but what happened at my entrance

great that we both want the same thing, that ’s it, but what about the wedding, tomorrow we’ll go to sakst the next date, but we’ll have our wedding night right today, and you know what, i’ll quickly take a bath with aromatic salts. you'll be absolutely amazed, i i i was already almost stunned, but the pipe, well, isn’t trying to torture? “i’m upset , it’s nonsense, maybe, here’s a little table, yes, that you ’re still embarrassed, everything will be fine, you submit an application, yes, they don’t accept it, i mean, the registrar broke his leg, replace it with someone, awesome, lol, but you’re not cry, okay, yes, in two weeks it won’t be over yet, but don’t worry, it’s already clear what’s what, well, if he changes his mind, well, you’re crazy, let’s go find out everything ourselves, i feel sorry for the girl, she shouldn’t be nervous now at all not an option, and 2 weeks is not a long time, do you agree, i agree, well then, until the evening, or something, until the evening, well... the documents haven’t been submitted, uh-huh, can i kiss you, otherwise? “i don’t understand, but she bro

vance his pick for vice president, local tech entrepreneurs like elon musk and david saks were ecstatic musk said he would donate $45 million a month to support former president trump billionaires that are supporting vance see him as one of them. >> they think that he understands silicon valley, he understands venture capital, and he understands startups. >> but now there may be reason for liberal tech executives and investors in silicon valley to feel rejuvenated and optimistic about the election in november. professor olaf grote is with the uc berkeley haas school of business. >> we do have a fair amount of billionaires that are voting left and are giving left, you know, such as eric schmidt, marc benioff and others. and so i do believe that as we get closer to the election, you will see many more of those voices. >> the co-founder of linkedin, reid hoffman, is a major democratic donor. he endorsed vp harris. meanwhile, billionaire venture capitalist vinod khosla, who held a fundraiser for president biden in may, is calling for an open process at the democratic convention. >> at this

manhattan projects for a.i., and rebuild america 2.0, all as smart as people including musk, david saksne has come out for president trump, we need innovation we need new jobs, we need new thinking. there is a out of control fiscal policy out of control. and at the same time as we see, the world is becoming more and more dangerous under biden-harris administration. >> yeah i mean look. sooufb a lot of silicon valley donors out of worked worker for president trump can't just be crypto what is going on with silicon valley that mark zuckerberg, you know, complimenting trump, elon musk, tweeting out a list of people, saying the water is warm come on in look at all people supporting the trump ticket. what is going on here? >> a it is a major shift in silicon valley. if you look at mark andreesen, announced endorsing president trump, j.d. vance very telling if you looked at podcast trying to meet with the head of the sec to talk about policy around crypto and technology. and they ignored them these are the inventors of net mark andreessen, smartest minds can't get a meeting in the biden-harri

his ties go back to peter teal, more recently vance has been close to david saks and vp elites switchingowitz are planning to donate to trump. anti-big tech and anti-m&a are two very different things. if support is, in fact, building among the vc community, as it looks to be, they still want exits. and they may ultimately prefer returns and liquidity to the politics of it all. money speaks, put simply. >> they don't care about politics. it's all about returns and equity. silicon valleys, returns and exits are the policy. there's only so much you can harass your mark zuckerberg and jeff bezos. you can harass the billionaires and make them into the bad guys. as soon as you start the exits from happening, the startup ecosystem eats itself. >> it depends on how greedy the vcs are, right? you take a potential deal, wiz and google, wiz to get a $23 billion valuation, according to reports, but could that company ipo and be even bigger in the public markets? that depends. and then they're kind of talking out of both sides of their mouth, if they agree for wiz to be acquired by google, which vanc

elon musk, david saks, they're pledging support for trump and vance.a donor john morgan is refusing to actually back kamala deeming her presumptive nomination as a quote, core nation by the democrats and -- coronation by the democrats and saying she cannot beat trump. they are arguing that biden and harris violated campaign finance laws by rolling out biden's funds to harris' coffers. pllegal experts saying the likelihood of the suit going anywhere with the ftc won't happen. they move at a snail's pace. could be the ice age before they make a decision. maria: we'll see. aren't both their names on it? it's biden, harris administration. >> yeah. it always was. >> sounds like a technicality. i can understand why they make the argument, sounds like a technicality. maria: can't they put the money into a super pac and the super pac spends it. >> they don't get the same tv rates if it goes into a pac. i think they want it to be the campaign. they get more favorable tv rates is my best understanding of it. >> the entire war chest was 240 million. she raised 10

starting august 28th, customers of saks fifth avenue will have to make an appointment in order to enter the store. certainly disappointing for tourists and people who like to just stroll in and look around. but the department store says the change will allow associates to offer customers a more personalized experience, according to the chronicle. that also means a round of layoffs are also expected. it's unclear how many employees, though, will get those layoff notices. new data shows california as some of the highest wages in the country, an advocacy group found that just 16% of california workers earn less than $17 an hour. it's one of the best percentages of any state, study authors say. that's because our minimum wage is one of the highest in the country, at $16 an hour. the data does reveal large wage disparities for women and people of color, particularly latino workers. the authors say 3 million people would benefit if the minimum wage is raised to $17 an hour, and netflix earnings continue to soar after its crackdown on password sharing, netflix added 8 million subscribers from

executives in silicon valley including elon musk, tech investor peter thiel and entrepreneur david saksave donated millions supporting vance. tickets cost $3,300 each while a chance to speak and get a photo with vance will cost $25,000. >>> zoe, i know you were talking earlier about the marathon that's happening this morning. it does look beautiful out there. i know though when i was walking in it was a little chilly for me. i wasn't running that many miles. >> i was going so say running from 13 to over 20 miles. i'm sure the people who are running the marathon this morning are loving the weather. it is a little bit misty too. i don't know if you noticed that. >> that's nice. >> the mist might help cool you down a little bit too. all really great news when it comes to the marathon this morning. i know max is out there running right now and if you want to support him, put on a jacket and enjoy a quiet, start to our day as this onshore flow continues to bring us the fog, the cloud coverage. onshore flow continues to seep through the golden gate pass and over the golden gate bridge into ou

it is not clear how many employees will be getting those layoff notices, saks representatives say.se who are eligible will get a severance package. >> well, netflix says it added more than 8 million subscribers in its second quarter, beating the predictions by almost 3 million users. netflix credited its crackdown on password sharing as well as having some popular shows. its revenue reached $9.5 billion in this quarter. >> thousands of people attended a block party in downtown san jose. that event took place at san pedro square yesterday evening. the city has been promoting the block party series as part of a campaign to bring people downtown and support small business. more than 50 small businesses participated. looks like people were having a lot of fun. vendors offered everything from clothing, jewelry, customized art and crafts, and san jose centered merchandise. >> purpose of this again to support the small businesses and what we do, how we measure our success is by coordinating with the small businesses to see the impact on revenue. we're able to drive to those small business

it's a really striking in jazz as of the deal because they have a minority stake in saks global.nd it as a consumer, the thinking here is that consumer is going to want that to be delivered quickly. they want returns to be easy. it seems like that is the kind of expertise amazon would be bringing to their minority stake here. caroline: what's interesting is that ultimately we've got a high-end consumer, very high and able to spend well, but there's caution about the u.s. consumer more broadly now. people are already turning on the barbecues and getting their pool parties ready. how does consumer sentiment feel when you're looking across the atlantic? charlie: it has not been great in the u.s. the consumer sentiment has been challenged. we have interesting data, a numerator. a data provider showed how expensive just that fourth of july cookout is going to be. data from the american farm bureau shows it will be up 5% from last year. meat is more expensive. i'm seeing that chicken is actually cheaper this year. pressure but a little bit of release, a little relief in some categories

anti-trump in 2016 to now a loyalist, an america first loyalist to elon musk, to joe lonsdale, to david sakswe don't believe what the media is feeding us anymore. maria: the teamsters saying they're not going to back anybody but you've got the head of the union here, speaking at the rnc, so what does that tell you right there. ladies, we'll keep this conversation going. mean while, let's get a look at your forecast across america, fox weather meteorologist britta merwin joins us with an update. britta, good morning to you. >> good morning. >>> great to see you. chicago rocked two nights in a row by severe weather. the national weather service also of chicago reporting more than a dozen tornado warnings yesterday, a peak wind gust over 100 miles an hour in northern illinois. the storms are going to the northeast. the 95 corridor has an outlook for severe weather today and tomorrow, in combination with high heat and humidity. millions of americans are dealing with the high heat. throw in the humidity, it's a health and safety concern. take it easy. d.c. reaching 102 degrees yesterday, the long

questions from you all now we're working to also set up additional meet, bilateral meetings, only two i can sak to right now are with the u.k. prime minister and president zelenskyy. i have no doubt there'll be additionalilats, and awet get more fidelity on the we'll leyou kw. finally as customarfor summits the united states hosts there'll be a leaders, spouses and partne program hosted by dr. biden. if i could turn to ukraine, back to the context for what this meeting is about. it's important to do a quick update on what the situation is on the ground. since the passage of the supplemental in april, the president authorized sen security pack as to lp ukraine, including five awdowns of knew missions -- of munitionand equipment. the resumpon of that has made a significt impact on the battlefield. that's nightmare scenarios predicted months ago about what we could cisseing into the nato summit has stabilized. they havetopped russia's attacks north of kharkv, and limiting russian gains to areas just across the border. ukrainians have held the line in seral areas, hardening their defenses and ensur

over the same couple of days that it looks like nieman marcus is going to get bought by the parent of sak'she doomsday folks out there who said, oh, brick and mortar retailing is dead or commercial real estate is dead, you know, here are two very big back the back deals that have -- back to back deals that have been prefinanced, that are being struck by people in the business with a vested interest in grow being these businesses. these aren't just, you know, private equity guys who are going the to try to squeeze cash flow. these are operating companies who want to own other large retailers. so, again, i just -- i think that's an important tell. and it's a reminder to all of us to just, you know, take these news items in stride, you know? nothing is ever dead, you know? i think we're going to start seeing bids for commercial if real estate. i say that as a someone who's long boston properties so, fine, i'm talking my own book, but i'm happy being long commercial real estate. high quality commercial real estate. ashley: ever the optimist. you brought some picks with you, adam. the first one

because now to a possible new luxury shopping trend, appointments only saks fifth avenue in san francisco'smpany says the goal is to improve shoppers experience. the retailer also already has many stores in some high end hotels that operate on that model, including ones in napa and palo alto. so think of the bespoke experience which spencer i'm sure you know about. >> well, i don't know if i've shopped at a store that has that as a fixed policy, but i do make appointments for some of my clothing shopping for, you know, some of my higher end stuff that i wear. i make a specific appointment at a time and date when i know that not only my preferred sales person will be there, but the tailor as well. >> yeah, and no paparazzi. they're following you around constantly. it's just such a pain. also, i think from a security standpoint for some stores this, you know, jewelry stores do it. a stanford mall i think is one of them where, you know, they have the guards in front. and if you don't have an appointment, you're not getting in. yeah and it does provide a little bit more security in, in that con

. >> number six, neiman marcus is reportedly being bought by the company behind saks fifth avenue, the street journal says amazon is also taking a minority stake in the deal to provide new tech and logistical expertise. number seven today, the iconic caesar salad turns 100 years old. it was created at a restaurant in tijuana, mexico. ride hailing companies could soon face an additional tax. transit activists in san francisco want that money to help muni close its large budget deficit, expected next year. today, they will be turning in signatures collected in support of this proposal. this is according to the examiner. the community transit act would impose a graduated tax on uber, lyft and waymo services in the city. the money would go toward maintaining or expanding muni service and toward its discounted fare programs. >> aquarium of the bay in san francisco is asking the state to investigate its ousted president over allegations of financial and operational mismanagement. officials voted to refer those allegations about george jacob to the attorney general's office. jacob was forced

. >> that was jenna saks reporting. turning our attention now to the summer heat. nevada has seen a huge spike in recent weeks of people being treated for pavement burns during the first week of july, the hospital's burn center says patients were admitted with pavement burns almost every day. most of these patients say they were drinking alcohol and likely fell on the ground. others fell because of dehydration or seizures. doctors say the effects of a burn may take a few days to show up. >> well, major changes coming to the streets of san francisco, coming up on mornings on two and nine. what a court ruling on homeless encampments means for the return of sweeps of those camps. and then, in the age of online dating choices abound for singles seeking romance. but it might be causing some more confusion than anything else. how deception and an overwhelming number of options are, leaving many unsure abou how choose that l ok, 500 deluxe garden gnomes. wow. i only meant to order five. there's not enough money in my account for these. i'm gonna get charged. two things i

i look back at covid and i look at how we sak atw a governmentyo elitists try to control people with fear and trypl control people to promote an agenda. and i really believe that they will do anything. so we better saddle up and be tterr the next four months because it's going to get really interesting. >> you know, it's interestinl gg because every time he speaks, everyone wants to watctimeh bece you just don't know what biden you're going to get. and i think we saw many bidevariations of him yesterdayp as i've been pointing out. high energy, no energy . g? you know, he's screaming, whispering, dazed, confused, not answering questions. >> it's just it's very bizarre. nobody, frankly, got nobody, nd nobody to get into that press conference to see what he would saintoy. they just tuned in to see if he ifs whtalk and to see he could stay talking for an hour. pretty that's why they watched that press conferenc watch t e. if he could have said anything, social media would have said, you knowsaid, he got throughe ce a whole hour. they were celebrating. >> s is the leader of the freebi wor

the owner of saks 5th avenue is acquiring neiman marcus group in a deal uniting two of america's largest salesforce will facilitate the deal by hudson bay and the companies will take stakes in a new company called sax global. the goal is to boost profitability by giving the company power with vendors and reducing shared costs. tom: jennifer, indeed. a roundup of news indeed. coming up, labors tax policy. that conversation, next. this is bloomberg. ♪ ♪ tom: welcome back. the labour party secured a majority with keir starmer becoming prime minister. voters turned on conservatives and an unparalleled collapse. grant shafts and penny mordant and jacob rees-mogg or. jeremy hunt held onto his seats. he was seen arriving at downing street. what this could mean with joe easton in terms of u.k. utilities and databanks. what are the implications from the majority of labor? ? : there are two elements. we seen villages and companies, pledging to fix that, some followed ends -- politicians as for dividends and that has weighed on stocks. brought energy bills, labor will have a new renewable energy co

bring up the capital markets, and we've seen some interesting deals this morning with regard to the saksre. there's reports that the macy's bid is getting raised as well, so there's some fervor surrounding these department store names, which is an interesting, you know, note for this holiday week. >> yeah. apollo, i think, their credit fund providing some financing as well to that transaction you're looking at right there. and then as you point out, brigade and arkhouse, in terms of macy's, that's reports from "the journal" saying they've raised -- it's unclear how much traction they're really getting there. i haven't been able to get a sense. >> or if it's price sensitive or something else. >> macy's -- if nothing else, maybe just says that, you know, private money says that there's rock bottom value in department stores. macy's trades like 20% of sales, and you never saw that outside of the global financial crisis before this last cycle. so, who knows if that's what that means? that being said, it's a little bit spotty in terms of deal activity. it's not like there's a lot of massive d

course. you will, well, var, you liked him, you liked dragging him. such manners are good, and now you sakarry out a quick, a fair, and most importantly, harsh sentence, yes, and tatyana sergeevna is going to do what she thinks is necessary. hold on, let's have some tea and see how the cactus blooms, they say beautifully, you're all jokes and jokes, but i 'm serious, i'm worried, the backyard worker, i 'm worried, tatyana sergeevna will do everything right, please come in, i 'll explain to you now, sit down, sit down, we still have something to wait for. what a mess, are you going to do something with it or not? you are old or have a smartphone, your mother is a judge, tell her, let her do something, write at least a statement to the police, we have several gangs of these newcomers, everyone knows them, well, we wrote a statement to the police, well, they told us to go to the boozer, well, i just can’t even describe them, guys, let’s all get together, because we know where they live, cluster together, i’ll call my friends, but just ask them, these are those friends with the photo on vkonta