to run that sales group?> yeah? >> kind of? >> you know, this is only the third time i've ever met her. [chuckles] so, to be honest, i have not spent a lot of time with her. >> how many years have you been here? >> five years. >> and this is only the third time you've met her? >> correct. >> this is a sales organization, right? >> yeah. >> it's not anything else, and life is about selling. so, if you don't have your sales stuff in order... >> yeah. that's definitely the number-one concern. >> joyce has only met jen three times in five years. how could you run a sales organization from 3,000 miles away? it sounds to me that sales are a much bigger problem than i originally thought. your role in the company is the sales. do you think it matters that you're not actually in california with the rest of the team? you're in new york. do you think that makes a difference? >> no. >> no problem? >> no. >> it seems odd to me that somebody would be in charge of sales and not be where the product is and not be where the t

that's who we are at sales force. that's very much why for the last seven years sales force has forged really an unprecedented collaboration with the school districts of san francisco and oakland. we are happy to be their largest b benefactors to support them. our journey has only started. we are at the beginning of what we can do with the schools. we are committed to the long term for our schools. we are there for our districts and for all of you. it's why we adopt public schools at sales force, 34 of them in the bay area. 100 around the world that have the same spotlight on them that presidio does. here we have a commitment that every one of our senior vice presidents at sales force has a adopt a public school. it's part of their responsibility. this school is my school, so they lucked out. [ laughter ]. >> but a lot of the schools have the same level of attention and support. our colleagues who i want to thank and who are here have given 4 million hours in volunteerism since we started the company. if you're a sale

toyota saw sales plunged. is that the carmakers, particularly the dealers, will see their tight profit margins squeezed even further as we go into the year possibly with much stiffer incentives. shery: thank you so much for the latest. u.s. stocks slid and treasuries rose after a gauge of manufacturing posted the weakest readings since the end of the last recession. readings since the end of the last recession. that is because of fears to a deeper and global slowdown. great to have you with us. we have the s&p 500 fell below its 60 day moving average. 500truth remains the s&p has been pretty range bound. it has been stalling near its record high for the entire month of september. what is going to drive the equity markets in october? guest: well, i think that the issue right now is that markets are starting to look at risk a little bit more, which is probably a good thing. as you pointed out the s&p 500 has not much recently. if you look at the past year you did better in treasury bonds than s&p 500. so i think

but the motorcycle maker saw decline in u.s.e sales. were tariffs and finding way to entuesday younger riders. the stock rose 8% to 40.04. verizon said it's offering unlimited wireless and broad free one-year a subskrings to the disney plus streaming service planning to lamming nexonth. the verizon ceo believes the partnership can bring content to consumers. >> we want to give our consumers choices. . this is one of the bt choices we can give them on top of the network we have a net netwo we are building for the empire and a fios network. on top of that giving the customers the opportunity is a grt total consumer. >> verizon shares up a fraction to 60.77. and ever the bell chipotle topped expectations thanks to increase in same store spaels. more delivery options and dition of healthier meals on the men you. shares in volatile in after hours and closed the regular session down more thanss 2% to 831.07. >>> coming up a jolly holiday shopping season may be just what retailers and the economy ordered. ♪ ♪ ♪ >>> here is positive news when i

as a member of the jpb, we've been having a conversation about a regional sales tax or a dedicated sales tax for the three counties to fund cal-train which has no funding source now. i wanted to bring up an issue and one i definitely share commissioner fuer's comments, but i wanted to bring up something specific because whatever regional measure that comes up, it won't be a beneficiary of any measure and so there are major concerns right now with governance at cal train and we will require any revenue measure at the state or regional level, include a clause that says cal-train should separate from sam-trans in order to receive support from the county of san francisco towards any state regional measure as it's best for governance and operations of the rail system. therefore, our office will submit a resolution supporting this position. i want to provide a little background of why we are in in place to make three points because we have been here in this meeting for awhile. but one, sam-trans is the actual entity that operates as the host for cal train and cal train should be its own separa

new york is already the largest for online sales.hen a new store opens digigal sales increase up to 25%. the planning -- nieman marcus opened its first new york city location. saks underwent ren nation but closed its downtown women's store and barney's is in bankruptcy. >> does new york need anoth store? no. will the great store do well? yeah. the thing about new york, there's opportunity here. >> i don't think there's any risk for nordstrom in this store. there's plenty of risk for them out there. nieman's is in trouble. sak's is in trouble. nordstrom plays in that space. i think they'll stay around and absorb tt business as those two struggle. >> reporter: the new flagship connects the to other locations, rack store and a men's flagship across the street. they work together to fulfill inventory, take returns and provide services. the company spent decades dreaming about today but they'll have to wait longer to see if it's worth the investment. >>> on this busiest day of earnings major averages finished kind of mixed. here are the c

-- sales?om: they are expanding their geographic footprint overseas. we are comparing that to the other -- third quarter of 2018. that is when tesla figured out how to mass-produce cars. they started cranking them out and they started flooding the u.s. market to satiate two years of those that demand. after they satiated that demand, they moved in february to start selling cars overseas. the u.s. numbers drop considerably. i think some people will look at that number and say is this a warning signal that u.s. demand is dropping off a cliff? i just don't think there is a lot of evidence to support that. if you go to tesla.com, there is a two-month wait to get a model three. that is the longest wait to have had since about this time last year. signal. it is representative of what is happening when they expand overseas and smooth out their production. it was a record quarter for unit sales and i think we will continue to see that wrap up -- ramp up as we see their shanghai factory go up. taylor: y

a comer imagÍnese si sale a com imagÍnese si sale a como imagÍnese si sale a comn imagÍnese si sale a10 de abrl previo a la co competencia empezÓ a crecer esta calabaza >> con los aÑos y aprendiendo >> soy cultivador del norte de oregÓn >> es increÍble como de una semillita puede crecer esta calabaza tan enorme >> este seÑor participa este sÁbado con la calabaza que se llevÓ el segundo lugar17 libras si tiene curiosidad cuÁnto pesa la en tercer lugar hay va 1736 libras >> como la ven chicos ? >> este tipo de calabaza, son hÍbridos, una vez que termina el concurso la rompen en pedacitos y luego la usan de abono >> como sabes tanto! >> tendremos pura calabaza gigantes >> no, no se pueden poner >comer >> muchas gracias por habernos acompaÑado recuerden esta noche a las 11 nos vemos >> (musica) musica >>> emboscada en mi shaw can. emboscvada en michoacan al menos 14 plolicias son asesinados po g grupo armado ofsl pidieron aux l auxilio por la radio buenas tardes son mas de 123 ml personas asesinadas en mexico, cifra que tiene un record de h m homiciiosdios, ademas, macabro e video seguido

sales number the u.s. well. >> excellent mark chandler, thank you for your thoughts. we'll have you back after the next fed meeting to see how policy is affected david, back to you. >> okay, thank you, rick santelli now time to sending it over to jon fortt to get a look at what's coming up. >>> we've got two former cisco executives who have a startup coming out that they say could upend the cloud market 'llien to them make their case and ask some questions coming up on "squawk alley." rah t how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a w

sales fell about $2 billion.iggest survey of tesla drivers, bloomberg surveyed 5000 owners with a questionnaire, and the data reveals that tesla has finally figured out how to deliver cars with fewer problems. here is our reporter who covers tesla for bloomberg news. tom, let's about this filing before we move on. we know this story, 97,000 cars. did you learn anything new though from this report in terms of the geography of these sales? tom: not much. i think what we are seeing is an artifact of them continuing to expand their geographic footprint overseas, so looking at the year-over-year number, we are comparing that to the third quarter of 2018, and that is where tesla found out how to mass-produce cars, and they started cranking them out and flood the market with the model of built up years demand. when they satiated that demand, they moved in february to start building cars overseas, and so, of course, there u.s. numbers dropped considerably. i think some people will look at that number and say, oh, is this

despite declining sales of its flagship iphone. over year this time last year to now, down by 9%. so as companies like google and samsung ramp up pressure in the smart phone wars, can apple stay a step ahead? bret larson is here, you hear him on the radio fox news headlines 24/7 on your satellite radio. he knows everything about technology. >> i can look through the crystal ball. connell: the thing about the iphone is interesting because the sales have been going down and people get worried, but the iphone 11, the most recent, especially the pro version, that seems to be fairly popular, and the forecast was pretty good on sales. so let's talk about the iphone a little bit. is it really declining in popularity in your view? >> it is interesting because apple's take on the iphone -- you know, they stop telling us individual sale numbers so they won't say how many of them they sold. we know with the iphone 11 and the pro and pro max because there's the three in the line, we know they had to increase manufacturing to match the supply -

nissan led the was auto sales race -- u.s. auto sales race last month. nissan recording a 17.6% decline although it was a 21% decline forecast. automakers had to pay record incentives of more than $4000 a vehicle last quarter. the party is over for subaru, it seems. its record 93 month sales growth streak has finally come to a halt. hong kong is bracing for more unrest after some of the most violent protests since the demonstrations began in june. one person was hit by a live round as police fired six times. he remains in serious condition in the hospital. the unrest has battered the economy, with visits to china down 40%. retail sales may have fallen 14% from the year ago, and hotel occupancy rates have plunged. over macaugathering at the start of golden week. gaming revenue touched the lowest in a year. gross revenue was $2.7 billion in september. analysts were expecting business to strengthen in the second half, but the ongoing unrest in hong kong has hurt tourist traffic. global news 24 hours a day, on air and on tictoc on twitter, powered by more th

vehicle sales. season for new energy vehicle sales. --na posted a 50% rise in 15% rise. rishaad: we have to take a break. on the other side, it is that time of the day. it is the battle of the charts. this is bloomberg. ♪ >> time for our battle of the charts. you can look at the bloomberg terminal running that function. we start with claire. philippines are finally splashing the cash according to the latest data. they posted their largest deficit on record in the third quarter. that is a significant improvement when it has not been able to spend its money because of delays in passing that national budget. seems like the government -- catch up funds in the government are finally working. government underspending in the second half of the chart has been the drag of the economy this year. posted of for year low of 5.6%. we could still be in for a surprise next week. the philippines expect to be bouncing back to 6%. making it one of the fastest growing economies in asia. rishaad: let's move things along

retail sales. first fall in seven months could indicate that consumers are becoming shaky as a driver of economic growth and it could bolster the case for a third straight cut to interest rates for growth. fed's meanwhile, the beige book last night. the forecast on the health of the u.s. economy. on business, expect the expansion to continue but they have tempered the outlook for growth in the next six to 12 months. the fed may want to cut rates again according to chicago fed chief charles evans. ably in policy was "prob a good place right now" but he sees the argument for -- barclays is from our guest. the silver bullet, they say there is a marginal impact of easing. it would absorb the left tail risk but it would not be enough to make the economy accelerate. would that go through to the earnings turning negative as we would expect in u.s. equities? emmanuel: there is no doubt the u.s. economy is slowing. i guess most of the pressure is coming from the top, the business sector, which i think has a

of course sales and discounts are around holiday times too. around the block today. we'll see if enthusiasm lasts. guys, i won't come home empty-handed. a pair of exclusive nordstrom, louboutins for you. connell, i mean, you got to have these. melissa: those will look awesome on connell. i love them. make sure you expense them. fox business will be just fine with that. yeah definitely. reporter: they are coming home with me. melissa: jackie, thank you. retail expert erin sikes. this is such an interesting move. it flies in the face what i feel like has been the trend where it used to be one of the big flagship store. it was about promoting your brand. we move away from that here in new york as real estate is so expensive. do you think this is a good move for nordstrom? >> for nordstrom as individual it is a great move. we talk a lot about the retail apocalypse. or potential apocalypse within the department store sector. that said, there are department stores like macy's, they have not made a move into hyperlocal or into.com or experiencal wher

a securities filing, the sales fall in the u.s. to expand overseas. biggest electric vehicle maker, byd, reports an -- slump -- reports a 39% byd reports an 80% slump. sales of electric vehicles have been falling for three consecutive months after the chinese government scaled back some cities. ♪ staying in the auto industry, we are learning of a potential megamerger, fiat chrysler and group areker psa exploring a tie up that could create a powerhouse with a $47 billion market cap. bloomberg editor dave mccombs joins us from tape -- joins us from tokyo. dave, how compatible are these auto makers? certainly some compatibility. fiat chrysler is strong in the u.s., they have a big selling suv there, still the fastest growing market for suv's, whereas peugeot does not have that. that would be a good combination. the estimate for synergies for the company is about $7 billion from ever core. they said because of synergies in latin america and china, and also europe, they would be saving about $7 billion from a merger like this. at the sa

sales estimates -- misses sales estimates.elosi accuses donald trump of hurling insults at her after lawmakers on both sides criticize his withdrawal from syria. republicans say the speaker herself was at fault for walking out of the meeting. good morning, and welcome to "bloomberg markets." berlintt miller in alongside anna edwards at the european commission in brussels. anna: they came from the dup. have heard more positive signals and more noise than we saw the dup pour cold water on that, suggesting they still have issues. there are still put together the infrastructure here as you can see the areas they disagree on etsy andd customs, the somerocess of consent so of the stuff still remains contentious and there are a couple of new things. interesting to see angela merkel giving her thoughts. saying we are not there yet and she would not allow a hard border in ireland. reminder from the german chancellor that this is just not all about brexit. turkey and says russia and iran have been strengthened by u.s. withdrawal from sy

contracted but for hermes it didn't, it slowed slightly sales improved that cut duties and sales tax is one thing they are saying is the top luxury they saw the slow down but the top category should be sheltered. >> some of the other names are up we'll talk about that. thank you for bringing us the latest because of the strongest earnings day, driving autos to the top of the pack. discussing the car industry on both sides of the atlantic that comes up next prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. in't easy. 12 hours? 20 dogs? where's your belly rubs? after a day of chasing dogs you shouldn't have to chase down payments. (vo) send invoices and accept payments to get paid twice as fast. (danny) it's time to get yours! (vo) quickbooks. backing you. >> welcome back to "street signs. i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines the dax hits a six month high. raising alarm bells about the health of the eurozone economy >> ecb pr

if that 60% of sales in five years can be 30% of sales, the -- can be 33% of sales, the dominance ofice goes from essentially two-thirds to one-third, that would be wild success. if you go from 40% to two-thirds, that would be a different way of looking at the numbers. taylor: we are hearing that wearables are up more than 50% from a year ago, according to the cfo. is wearables automatically assuming that will be a growth driver for the company? tom: the answer is yes. the amazing thing about the success in wearables is that the battery life for a lot of smart watches remains limited. i think the fact that they have been able to do so well with what you thought would have been a gating factor to succeeding wearables, having to watch it doesn't last 24 hours, it's very remarkable. but what was so interesting was, 17% sales growth when you adjust for the iphone, so they do have a fair amount of growth going on if you can set aside the mature iphone market. taylor: i want to look at a chart i'm showing a bloomberg audience. it is total cash, which is still above $200 billion, minus $100

i think that is going to drive international sales. so i would love to see them miss tonight, i don't look at that as a negative, i'd love to get in i don't want to get in right here in terms of disney, disney i toy around with because i think there are a lot of expectations there and let's face it we are not going to know november 12th, we're not going to know december 12th about how their streaming is going to be doing because people will adopt to it slowly of course, you will have the early adopters right now i think both are okay with netflix being a little more vulnerable, difficult for them to forecast their quarters understandably, but i don't think the quarter that's going to be announced tonight is going to be game over or game on for the stock at all. >> no, but you have to expect that, you know, as we talk about the risk is that miss again. >> right serial miss is terrible for a stock. >> stocks won't be sitting around at these levels and it normally doesn't move by a few bucks. >> it could be a 10% move. >> you own disney.

the industry expects sales and demand to grow.arks the fourth >> and the housing market has fall thanks to those lower s mortgage rates. but buys are coming up against b one of t barrierso entry, which could get even worse in the coming monons. diana olick explains. >> i have a listing going live in two >> anyone out shopping for a home today already knows the pickings are slim they will likely get slilier. the supply of homes for sal hitting a record low two years ago but then mortgage rates orstarted to rise anduyers pulled back. it was s slowing this year. and that helped build the amount but then mortgage rates dropped the summer. and demand came bk in a big way. eating away at supplies again. >> it's going to be veryer frustrating f homeuyers ee right nowg the low mortgage interest rates but no easy available supply of >> national housing inventory fell 2.5% annually in seember, a sharper decline than in august, according to realtor.com. and its worse on the low end. the supply of homes priced below $200,000 is 10% smaller th

sales force came in and they listened. you heard that earlier. they listened to what we were saying. they made the commit to support that vision, that every student would discover their spark along with a strong sense of self and purpose and graduate ready for college and career. we've been able to go much further much faster because of this partnership with sales force. we would not have been able to get where we are today without that partnership and without sales force coming in and being that partner with us. with the investments from sales force in stem, we created the nation's first pre-k computer science program and we strengthened our math instruction. sales force is helping us transform the middle school experience for our students by encouraging principal-led innovation and enabling more hands-on student learning. as i said earlier, this does not happen without sales force being there. the results speak for themselves. our district is the first urban district in california to exceed 50% proficiency in mathematics. i'm going to wait for

vehicle sales down ford is de-emphasizing their vehicles we believe their suv sales were lower also correct me if i'm wrong, where does this put ford >> ford's in a position period right now, they don't have the truck that ford has. that's certainly one cause for the decline. >> also the explorer and the escape are going to be brand new, they haven't hit the market just yet they are trickling into dealership luck. once they hit dealership lots in full, records should be reached. >> what kind of economic backdrop do we need to have in order for those forecasts, do you think to hold true what are the analysts saying in terms of what they're expecting. what they need to see in the context of the u.s. economy in order to get to 17.1 >> the biggest indicator is consumer confidence. if you see that fall off, then it's likely that you're going to see auto sales drop they generally move in lock step with each other when you look at the new vehicles that are out there. while these prices are going up. i know kelly mentioned 7-year loans. you still have people saying, given the interest rates, there'

so far this year, sales are down by 2.5%.g undermined by political and economic uncertainty. when did you last switch to a different provider for your home or car insurance? if it's been a while, you might want to double checkjust how much your paying for your cover. that's because the city regulator found that loyal customers are often taken advantage of. and you may well be paying a lot more than you should if, for example, you just let your policy renew automatically. in fact, it's such a problem the watchdog is suggesting solutions including a ban on automatic price rises and forcing firms to move customers on to cheaper, better deals. we have a range of rule—making powers that allow us to do this. it is important to recognise there are lots of people shopping around in this market and are getting cheaper prices. 0ne this market and are getting cheaper prices. one of the things we want to make sure in the coming weeks and months is that we get the right settle m e nt months is that we get the right settlement here that no

also, i am not sure how much of online sales are in these retail sales numbers put out by the censusy have been testing online retail sales numbers and that was strong in two q. i think the consumer is holding and well considering everything going along pre-election, trade deficits, all of that stuff. i don't think it changes the game. the fed is probably in easing mode, but still in a midterm correction type of thing and insurance policy against contraction. guy: hawkish or dove this -- dovish facebook? holly: you have the potential to be dovish, especially coming off of two rate cuts by the fed. it might be biased to the dovish side, sort of to explain away and provide more information about what has been going on, but if it is a dovish number, i think that could be an opportunity to sell them. i see higher rates, and i think the consumer is holding in. i think the economy is doing well considering what is going on. if you were to get somewhere down to 166 or 163, that could be the bottom and i think you could move higher from there. maybe to 187 short-term. today.'ve seen 177 holl

auto sales stalling in the u.s. toyota sees declines.nd the unrest in hong kong hurting the economy. retail sales and hotel offices tumble. tourism from china sliding more than 40%. shery: later on bloomberg technology global link, we will talk about airbnb charting an unconventional path to the public market and how vc's are looking to disrupt the ipo business. let's get you started with a quick check of the markets. u.s. futures gaining 1/10 of 1% but this after we saw the s&p 500 fall the most in about a month. we have the s&p 500 finishing below its 50 day moving average of 29.48. every sector turned to the red after we saw that we u.s. manufacturing number appeared we had industrials leading the declines, not to mention banks moving lower as we had raising pressure towards the 1.6% level. high volatility was pretty and the vix headed towards the 20 level as we have had october very volatile, if not the most volatile month of the year. that also having an impact on the markets. we are seeing u.s. futures slightly higher at the moment

upping sales and margin targets. that stock is up 6.6%. that is a big move in the context of the year. almost half the move happened in today's trading session. shares have risen following the earnings beat. so good day for the telecon industry again benefitting from the positive noise out on the day. follow us on twitter or tweet us directly >> coming up on the show, don't be a fool. president trump sends a strongly worded letter to his turkish counter part as the white house pushes for a cease-fire in syria. more after the break we're a reliable partner. we're engineers. cloud architects. developers. (woman) data scientists. we keep companies ready for what's next. we do things like protect their data. (woman) with security built right into their business. we virtualize their operations with software-based network technologies. (man) even build ai into their customer experiences. (woman) we also keep them ready for the next big opportunity. like 5g. it's gonna make things just... incredible. almost all the fortune 500 partner with us. ♪

world was onhole sale, selling off, and the u.k. probably more, but the whole world was on sale., i would have to say is very difficult to find a long-term investor right now who wants to take a position in u.k. stocks either way. very, very concerned about uncertainty, about politics. binary,ee it is quite so it is less about u.k. fundamentals and more about will there be a deal, will there not be a deal, so long-term investors are shying away from the market, so we think they are probably holding i -- holding a benchmark position for staying away from the market. to maybettributable like short-term traders and speculators and kind of knee-jerk reactions. i would not worry too much about long-term investors about the u.k. i think that is probably overstating it. and you can tell the contrarians have arrived. i am about to change some money into sterling. street.from state coming up, all that is good in life comes with a price. tariffs slapped on cheese and olives. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why

you want to buy on sale.en theck market sells off that gives you opportunity to buy high quality companies at a discounted company. u remember the bowl is buy low and sell high. inhis environment what we like is given the low yies in the dividendncome plays, where theer coany is paying out less than 50% of the earnings. soive we have protection on the yoeld. we think the high dividend yielding w plays are the to go in the low yield environment. >> nancy, the environment though for theke m is really multipronged. you have headline risk from trade. you have the fed in play. you have a deaccelerating i econom some sectors and put it all together that's a awful lotngf different t ts market and an investor have too navitete. >> defi, sue. and we have seend it this year. i mean, the volatility has been heart stopping at times. andivor the t iual investor, i imagine even more so. but -- b i agree with john. i mean i've been buying high dividend payers for decades. nd they give you some protection and they also give

he added that sales of ipod, watches and streaming services continue to rise. stopped thinking of apple isjust time that we stopped thinking of apple is just an time that we stopped thinking of apple isjust an iphone company. it's the strongest foundation for it but without its product lines, i think apple would be half of what it is. the strategy of tim cook to rely less on iphone sales, that seems to be working? it's not about relying less on iphone sales, tim cook realises it's only going to grow so much so then it's about how do you get more revenue out of end users and if you look at it, it's very closely tied to the iphone. it's still very crucial. it's important to keep the momentum going but at the same time, keep growing its other product lines and services. of course, still among many consumers, the company is known as an iphone company. that sector faces a lot of competition, doesn't it? it's remarkable with the iphone11. with its earlier product, the competition was rising much out of iphone because of some of the photography options, with the iphon

despite slagging iphone sales.

they're doing a billion 7 in sales this year.t a good clip on the adjusted basis losing $300 million on a gap basis. a billion. the stock up 150% on the year. with that user growth they have it doesn't make sense to me. it comes down to the scarcity value horrible sentiment last year and horrible stock performance and maybe the company turned it around focused more on kroid. but again $19 billion-dollar market cap using money and everything else is losing month a disruptive tech getting meerd. >> i right bought it right before the clo he is. >> right before the close. >> same on netflix and i felt terrible about the netflix trade immediately then great after 4:00 i don't feel great with the stock down 3%. but i'm okay a because the stock sold off 26% since september snap that is i think you get a bit of positioning. the street got incredibly bullish of late. i think you're seeing a bunch of analystists protect the name tomorrow so i think you stay in the trade. >> room to 12.5. i hear what steve and dan are saying you don't have

these sales were strong. the question is if the amount of money will payoff in that holiday quarter and if they'll continue to get subscribers to prime. certainly an important stock to watch going into the third quarter of the year and a big indication of the consumer >> we could have printed the amazon's profit not there because they are vesting billions for the future. that has been their story for two decades now. >>> a major leadership change at one of the country's largest banks. >> citi bank moving and fraser will replace steven bird who will leave after a short transition period. phra fraser has been at the bank for years running the bank's spanish market and corbat is expected to stay on a few more years. he says i remain committed to our firm and working even more closely with jane and her new roles. making fraser one of the highest ranking women in the industry. shares are down fractionally today but have risen almost 40% year-to-date >> is as we come back here where your next guest says you should

there was a massive sale. what sales?d water bottle sales which they say suggests an increase in sustainability interests from shoppers. that is something that has been flagged nationwide and i think can also be reflected in the increase in popularity and vintage fashion apps and online shops. are definitely seeing an increase in interest in sustainability, although on the other hand, we have also seen a massive spike in brands like misguided and boo—hoo, which in the recent environmental audit where flagged as two of the least sustainable brands in the uk. so i think we are not quite as on it with sustainability as john lewis think we are not quite as on it with sustainability asjohn lewis is perhaps suggesting. so much more to discuss but we are out of time, harriet, thank you. let me point you to our website. it is updating all the time with the business news. we can't fit it all in this programme. one story jumping we can't fit it all in this programme. one storyjumping out is crossing the border 30 or 40 times a day,

for total sales, they edged that down to somewhere between 9 to 12%.o it might have just been high single digit growth. and management took a meat cleaver to the earnings numbers, cutting them mid point of the forecast from just under 13 to just under 12. mary dillon talked about headwinds. talk about a word you never want to hear. headwinds we are seeing in the u.s. cosmetic market hmm. not long ago, ulta seemed like it had tailwinds now it's got headwinds what is the problem here dillon mentioned that most of the top cosmetic brands, both mass market and prestige were experiencing negative growth for the year ulta thought this was temporary, but dillon says we now believe that the softest we've seen so far in 2019 will continue through the remainder of the year oh, man, that just stinks. she goes on to explain the culprit, okay? the main issue driving the softer cycle in cosmetics is that the newest and innovation that have been the focus of most brands this year has just not driven the kind of incremental growth we've enjoyed for some period of time

and sales by u.s. companies.loomberg's david westin sat down with the chief technology officer of the huawei carrier business group. it would be lovely to have a discussion with the current administration here in the u.s. and understand the rules. or would you like to explain our company and do business together? -- how would you like to explain our company and do our business together? will not do anything against the law. we comply with the law and every country. there is no way we will comply with what cannot be done in china. if we have constructive discussion with the u.s., explain why we do things and how we do things, there is nothing .ecret about huawei we don't do anything that is secret or different. r&d becauseavily in we understand 30 years ago that if you don't have your own products, you are just a reseller. for u.s.earned companies to take a snapshot of our product and put it into u.s. companies. we have done it before, motorola , it is not something new for the serious. if you tell us what the rol

retail sales falling through the floor. the indonesian president speaks exclusively to bloomberg saying no one wins in a trade war, and he is refusing to take sides. later, tesla says delivery records still fall short of elon musk's target. for now, let's get you a quick check of the markets. we are seeing u.s. futures higher by .1%, but this after major indices lost more than one point 5%. the s&p 500 fell the most since august 23. remember, august 23rd was when president trump announced those two sets of tariffs on chinese goods. every sector on the s&p 500 was in the red, and energy and financials led the decline. we had the 10-year yield also falling for a fifth consecutive session and pulling out a route -- holding at around 1.6%. right now, the dollar holding steady as of course, we are awaiting that service sector numbers out of the u.s. in tomorrow's session, this coming on the back of another disappointing set of numbers when it came to private payrolls. that number for august being revised down, so business is rea

retail sales, a combination of both. ofhave to see the breakdown how consumption growth is in the gdp. that is why i said we need to look at the details. this is the first thing. the second thing, for fixed asset investments, the year-to-date is lower, a little bit lower, than the previous. we are actually looking for. >> that sort of picked up in august. do you think this could because we continue to see that and not really spurring private investment. >> you are saying they crowd out other investments? i would say other investments are absent. it is market driven. for all the trade war and the ,ech war, if i am a businessman i may try to scale down a little bit and beef up a little in other locations of asia. sector demand is kind of week, the government doesn't have to worry about risk. how is the employment situation? >> the employment situation, unemployment has edged up. if according to the survey jobless rate. we also have to be aware of the salary. in some of the sectors, , theyally the tax sectors are usually lo

and worldwide same store sales.g demand for loyalty program and n delivery options. shares initially rose in after hours trading, clcling the regular session up a fraction shun to 84.19. coming up, did juul knowingly ship contaminated pods? that's what a lawsuit is alleging. ♪ ♪ ♪ s ♪ ♪ ♪ ♪ injuries hbo m is entering the increasingly crowded streaming industry later than its rivalst and higher price. th service will debut in may of next year. and cost $14.99 per month. at&t owns hbo with cnn qb turner broadcasting and warner brothers which it acquired with the $85 billion purchase muchs time warner. according to warner media ceo its nt is justne of advantages. >> we go forward on this people aren'tustaying content for content sake. they're buying content because it's associated with other produc and services. toffer marketplace incentives s to have vio, or it's at&t choosing to put great value witd tv or broad band associatewood it. those with other reasons to come into the product as we. >> shares of at up slightly

fleet sales have picked up.ttle more profitable than they used to be, but less profitable than retail sales. on the other hand, the automakers have done a reasonably good job holding the line on incentives, otherwise the profit reporting will look a lot redder. yeah, we are stretching our market out to a somewhat uncomfortable place. joe: really quickly on tesla specifically, one of the bear arguments has been the emergence of competition and people look around and say, there are some good looking electronic cars from competitors. do you see that happening, is there meaningful encouraging -- in the space from other companies making competitive products? alan: it depends on where tesla goes with the model 3. havei mean by that is they hit a plateau on the model s and model x. the model 3 is still a luxury vehicle selling for an average price of around $45,000 before the disappearing tax credit. to the extent that they pull that price down, then there will be some competition going forward. right now, when we look