we asked shein about bailey's claims, and they said shein takes all claims of infringement seriously.ntent to infringe anyone's valid intellectual property, and it is not our business model to do so. shein suppliers and marketplace sellers are required to comply with company policy and certify their products do not infringe third-party ip." did you ever take legal action against shein? >> i definitely had some lawyers reach out and email me. and i definitely was interested. but again, it takes a lot of time and money. i did not have the money to pay for these lawyers. >> juju: our thanks to selena. watch more on "impact by nightline: unboxing shein" on hulu. >>> when we come back, all mariah carey wants on her upcoming christmas tour. ♪ what more can i do baby all i want for christmas is you ♪ to help protect from hiv. i prep without pills. with apretude, a prescription medicine used to reduce the risk of hiv without daily prep pills. with one shot every other month, just 6 times a year. in studies, apretude was proven superior to a daily prep pill in reducing the risk of hiv. you mus

shein denied the allegations.f you are filing for an ipo, you have to expect business practices will be under increasing scrutiny. >> it is interesting despite the accusations and so many headlines with shein, the popularity has gone through the roof. particularly with person shoppers. shein is the second most popular shopping site after amazon. also despite the out of fashion trend around fast fashion. they defied the odds around fast fashion. >> the big question for investors who would buy into this is can it continue to grow and can it continue to see market share? shein partnered with forever 21 targeting the same seeing segment of shoppers. shein is an online shopping platform. is that going to lead to more market share and can they continue to grow? >> the forever 21 partnership is interesting from the market share perspective, but the potential they thought it would have to legitimize them in the u.s. partnering with an american company. >> let's bring in aaron jackson from deal logic. wonderful to have you

temu is like shein but it's different, right? a shein is fashion.obe and attire. but temu is like the next iteration of some of the apps we have seen for several years in america, that give you access to ultra inexpensive goods that are coming directly from china. i remember wish was on my phone far portion back in the day. >> yes. >> what exactly then -- what can you actually draw similarities wise between what's happening with temu and how can you translate that into what's happening with fast fashion with she? ? >> great point. temu is ultra low cost amazon. you have all these different merchants that list their goods. temu helps offer these steep discounts and that's how shein operates as well. super low priced goods. you think the company themselves are helping to subsidize the products whether that be clothing or gadgets on temu, that's where you could see the similarity. and the idea of going from heavy losses to profitability, bernstein estimates that in china, pinduoduo went from negative 100 margin to positive 60% margin by drawing in the

now, shein could employ a similar strategy.the first nine months of the year, pinduoduo, that's temu parent, notched more than $5 billion in net income and had $8 billion in cash and cash equivalence. that's a lot of capital it can use to capture american audience through discounts and marketing. we don't know if shein is profitable or anything about its cash position yet because it's private. an ipo if successful, that would certainly add to its pile and add ammo to compete with temu and capture more customers. one more chart, it looks like the first one but it shows u.s. monthly customers. shein has dipped over the last few months while temu continues to pull further ahead. it goes back to that question, can you like both or do you need to choose one or another, which will be an interesting question when shein does move forward with that ipo. >> yeah, the comparison is interesting. one thing i can tell you, according to an investor update, is shein claims they are profitable, net profit as of this year. but i wonder about the

start on shein.hat are we thinking appetite would be like for a company that is rivaling h&m and zara? >> they are hoping to go sometime next year. we think they could be valued as much as $90 billion. they have low price points which has been popular with u.s. consumers. and global consumers. they were chinese founded but they moved their headquarters to singapore. this would not be a chinese company listing in the u.s.. there has been a little -- a lot of your political tensions there. singapore makes it more amenable. ed: reddit is an interesting one as well. i spent the morning reading about reddit's history. they started this ipo discussion in january at 2022. two years ago. what is the latest on a reddit listing? >> they wanted to go public during the last ipo boom but they just missed it. they have been eagerly waiting for the ipo window to reopen. they were not in the first crop of companies to go public this fall. we saw instacart and all of that. sources tell us that they are getting ready,

shein filing for a u.s. ipo.ompany valued at of $6 billion. >>> and binance ceo must stay in the u.s. until he is sentenced in february. >>> and disney's comedy "wish" failing to impress bringing in $31 million. >>> the big win for 3m and dupont defeating a mass class action lawsuit in the role of forever chemicals. 2,000 ohio residents would have been able to sue as a group. >>> and virgin will fly overseas using only sustainable aviation fuel for the first time today. >>> and amazon looking to purchase office space in miami ahead of the bezos move from seattle. the company is searching for 50,000 square feet of office space as he gets in on the ultra wealthy moving to miami. >>> here is what to watch. data on hconsumer home prices ad speeches from austan goolsbee and christopher waller and michael barr. >>> look at u.s. futures today. at the moment, we are seeing them well off the highs of earlier today. s&p dipping back in negative territory. nasdaq is going up into positive territory. a lot of movement on bot

so, with a shein, i thought, okay, u.s. are going to want to know what the corporate governance is how the structure is of this company, because when you look at for shein, or the founders and the people who are around shein, on chinese databases, it's very murk murky. you can see the founder, a guy who is named sky or chris xu. in china, he was first known as sky and now i think he's going to be more chris overseas, h his -- you saw that he had a lot of different companies, they're kind of related to shein and the executives are sort of related, there's a link to the singaporean entity. there's kind of -- it's a lack of transparency over exactly how it's all linked together. i think that's something that they're going to look for. and to your point, about the customs of the parcells. one of the big selling points for shein, instead of the traditional model of mass market -- mass manufacturing and getting the prices down, what they're doing is, they have these small batches and they're able to sell into the u.s. market, and

bloomberg reports shein is targeting up to a $90 billion valuation.anging the retail landscape. what could this monster everything po, if it comes to pass, mean for the future of how retailers operate and how the stocks will battle it out for investors' money? if i want to bring in retail legend mickey breaksler r founder of old navy and madewell and the former ceo of gap and j.crew and ann taylor and now the chairman at alex mill. okay, first thought about the shein potential ipo. >> i know nothing of them. shein, other than it's extraordinary. i always wondered how they sell the goods at those prices. and i'm, i don't know anything about their sourcing, but there would be a question about that x. there have been. but the world is, you know, i always say it's going to the bottom, and that's what it is. it's, you know -- and, you know, look, i wish -- [laughter] we would have that kind of valuation in my next life -- liz: but you would want quality, right? if. >> oh -- liz: and i'm not saying shein isn't, because i've never bought from them -- >> by t

shein is also moving into the marketplace space.ing -- it does sell more than just the shein brand. you can buy a cooking mixer now on shein and temu. fierce competition and fast growth, i think from both of them as they ramp up marketing spend, especially in places like tiktok, where shein has 8.6 million followers. temu also has been super aggressive. but temu semis in china, and they've had a lot of growth in that market. follow that race. >> i know you're following shein. >> absolutely. >> every single move. >>> when we come back, the outlook for stocks of one of wall street's longtime bears. why he says bet on netflix and old dplin i don't know. >>> we're a week away from another cnbc work summit, this time on the peril and promise of ai when it comes to work and your business. scan can qr code on your screen. when you think of investment risk, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing dem

. >>> chinese discount retailer shein has reportedly filed for an ipo.he'll make his case after a this. ♪ ♪ seems everything i buy these days has got a foreign name. ♪ from the kind of car i drive, the my video game ♪ the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! what makes a medicare supplement insurance plan, move with the xfinity 10g network. like an aar

still in the united states where a chinese fast fashion shein giant has reportedly filed for an ipo. but a while ago tensions between washington and beijing made chinese share sales in america almost impossible. last year didi was forced off the new york stock exchange last year but that is now changing according to the blue shirt group which advises as nurses on how to list in the us and china. interestingly there has been a flood of chinese companies that are enlisting in the us and they have been relatively invisible because it is has been very small companies. i would say companies with 100 million and under market cap raising five, ten, $20 million, most people don't know that over a0 companies have listed this year in the united states. the big difference is that those micro caps, as we call them but the big companies have not been coming on board yet. we had one large ipo deal at the beginning of 2023 a lidar company but other than that most of them sit on the sidelines and wait for the right market conditions. and what benefits do these companies get from listing in the us? i

amy, on those high-profile ipos, shein and reddit.fence to -- hon hai plans to invest $1.6 billion for operational needs. they've been making apple products in india for several years. the firm planted double the size of its business there. shares of irobot fell sharply after the european union's antitrust arm issued a warning against amazon's plan to take over. the proposed deal could hurt the market for the manufacturing and supply of automated vacuum cleaners. the companies could avoid a veto by addressing the commission's competition issues. alibaba has closed its quantum computing research lab in a sign that it is considering more cutbacks. the company will donate its equipment to the university. the closure will result in the loss of about 30 staff. earlier this month, alibaba killed the much anticipated spin and listing of its cloud services division. coming up, world leaders, headed to dubai for the cop 28 claimant talks, but it seems joe biden and xi jinping will not be among them. we will discuss what to expect from the meet

where chinese fast fashion giant shein has reportedly filed for an ipo in the us.ctric car—maker zeekr also very recently started the process to sell its shares in america. but it wasn't long before when tensions between washington and beijing made chinese shares sales in the us seem impossible. remember, just last year, chinese ride—hailing giant didi was forced off the new york stock exchange. is that changing? well earlier i spoke to gary dvorchak from the blueshirt group, which advises businesses on how to list in the us and china. interestingly, there's been a flood of chinese companies listed in the us. they have made relatively invisible because it's small companies. so, i would say companies that would be under 100 million and under market gap raising five or ten or $20 million, under market gap raising five orten or $20 million, most people aren't realising over a0 companies have listed in the us this year. the biggest deal is those are the micro caps, as we call them, that the big companies have not been coming to market yet. we had one large deal at the

on temu and shein 90% off splashed across the home pages.el. tiktok's black friday shopping includes viral video with discounted products. you might have seen or heard about this viral stanley cup video. a tiktoker uploaded a video of her car burnt to a crisp. the only thing to survive, as you see here, is her stanley tumbler with the ice still cold, still in it. in a stroke of marketing brilliance, the ceo of stanley then stitched her video with one of his own offering to send mortem bellers her way, plus buy her a new car. now, if you search stanley cup on tiktok, plenty of options to buy that famous tumbler on the shop tab. no need to leave the app for amazon. other tabs are accompanied by a viral video like a mop that works wonders and a hair curler even i could use. a common criticism or complaint is that the cheap stuff found on temu and shein is low quality, it doesn't hold up, that's junk. that's true, but you can find the same products on amazon and walmart more heavily discounted. like this portable washing machine appears to be ha

. >>> shein files for the u.s. ipo and could begin trading in 2024. shein gained popularity with fashion forward designs which are cheap and broad selection and low prices and faced challenges that it used forced labor in the supply chain. it violated labor laws. the company is under investigation by the house select committee on kichina. shein is cooperating with lawmakers and denied forced labor in factories he visited. the company repeatedly knowknowledge knowledges that forbced labor hs been found and fixed the issues. >>> and a judge orders binance founder zhao to remain in the u.s. ahead of sentencing. he pled guilty tied to the cryptocurrency exchange. he is free on bond. >> interesting. they didn't want to release him because there is no extradition treaty. >>> more fallout from the collapse of ftx. investors have been suing the company's celebrity promoters including tom brady and larry san sanders. they sued mlb in federal court in miami yesterday accusing of aiding and abetting or participating in the global fraud. the group is suing formul

. >> all the buzz before the show started the crew and i were talking about how much they love sheinnd all buying clothes and juicers from there they've arrived. who does that displace >> you know, look, there's always been a really inexpensive disrupter in apparel retail. we had forever 21 for years coming in with rock bottom prices, prime mark shein has taken that to another level on the pricing side and also on the number of units that you can buy. there's just a constant feed of newness on that website. i think that that will take share from a lot of the less differentiated private label retailers who compete on price one of the reasons why we don't think off price will be as impacted by it, because they have high quality branded apparel that is a value to their consumer you can buy a $10 pair of trousers and wear them every week for two years, right. that's a different value than two fashion tops for $10 that you could wear a couple times and get rid of it's certainly disruptive and certainly affecting a lot of the teen and tween retailers, lower priced retailers, but i don't th

shein splas from the river to the sea.hat means eshg elimination of israel, that is what it means. here is how shein spla explains, aspirational call for freedom, human rights and peaceful coexistence, not death, destruction or hate. she is for peaceful coexistence, watch her condemn babies being killed. >> terrorists have cut off babies heads and burned babies alive, do you support israel right to defend themselves? do you condone what hamas has done chopping off babies heads, burning people alive and raping women in the street? you have no comment about children's heads being chopped off? congressman, why do you have a palestinian flag outside your office if you do not condone what hamas terrorists have done to israel? do israeli lives not matter to you? >> kayleigh: for peaceful coexistence can't condemn killing of children. >> emily: she can cloak or frame her words however she chooses, that phrase is antisemitism and we know it is 100% a call for the attempted eradication of people, the same congresswoman who fails to

many of the tech companies are selling their product around the world or if you look at someone like shein, that is a consumer company. so it makes sense for them not to be perceived as a domestic chinese company. i would point out that the contrast against someone like alibaba who 15 years ago went public in the united states but is 100% a domestic company. the vice—chairman at the american conglomerate berkshire hathaway has died. he was 99 years old —— he was an investing master. speaking of big numbers now, to india where the vehicle shall fails rose i9% the vehicle shall fails rose i9% during the festive season just ended and this is a critical time for the industry when the bulk of the buying takes place. talking a little more about that with my colleague joining more about that with my colleaguejoining me from more about that with my colleague joining me from warm by. great to see you. what is driving this growth? this by. great to see you. what is driving this growth?- driving this growth? this is across the _ driving this growth? this is across the board _ driving this growth? thi

temu in particular, and also shein. who is the big beneficiary here?hakes out, but you see direct beneficiaries. which stocks are they? >> i think the digital advertising cohort feels like a clear winner i get a lot of questions on is there a cliff, we went through this a couple years ago when tiktok was growing off of the platforms. i think there's a difference here i don't think there is necessarily the same cliff we saw with a social media name amazon is the largest advertiser on the planet. they spend somewhere north of $40 per prime subscriber each year in the u.s. when you're a transaction-based business, you've got to get folks to adopt it and try it out. i've bought a few things they want me to keep buying more and more things. so digital ad dollars don't just disappear. i think they're here to stay. >> just quoting now bank of america, they think kohl's, gap could be at risk more directly as you're talking about the potential advertising beneficiaries. one interesting point to listen is that you think people were assigning temu a negative mark

many of the tech companies are selling their product around the world or if you look at someone like sheins a consumer company. so it makes sense for them not to be perceived as a domestic chinese company. i would perceived as a domestic chinese company. iwould point perceived as a domestic chinese company. i would point out that the contrast against someone like ali barber who 15 years ago when public in the united states is 100% a domestic company. states is 10096 a domestic company-— states is 10096 a domestic coman. h ., ., states is 10096 a domestic coman. �*, . . ., company. let's also look at how the us market _ company. let's also look at how the us market is _ company. let's also look at how the us market is looking. - company. let's also look at how the us market is looking. the . the us market is looking. the downland snp both close slightly higher after comments from the us central bank governor alluding stock in rate height x boosting investor confidence. he said he was more confident and other policies i will in place to bring consumer prices under control. the vice—chairman

so that juggernaut you talk about shein, if you haven't heard of them, the fast fashion retailer.ters are reporting they are looking to ipo in 2024. it will be one of the largest ipos in a very long time. of course we don't have the full details yet but they're looking to get valuation around $90 billion, and compare that to arm that had a valuation of $50 billion. shein has been looking to expand wooz a as we spoke about their partnership with forever 21 earlier this year, they're looking to gain market share and grow in new geographical locations. one thing, though, it is a company not immune to criticism. their business practices have come under scrutiny. there have been allegations of forced labor which the company categorically denies but if and when of course this ipo does go ahead you would expect those businesses to come under focus from a lot more business makers. >> all right, let's keep you posted with any updates. live from london, great to see you. thank you for joining us this morning. still ahead here on "way too early," we'll turn back to politics with a look at th

we are learning that the fast fashion retailer shein has filed for an ipo. company and what is the latest. reporter: it is a massively popular online retailer founded in china and now headquartered out of singapore. sources close to the matter telling bloomberg's the company has confidentially filed to have a public offering here in the u.s. most likely for early next year. that means they have started the process. shhein has become enormously popular with a meteoric rise in sales spanning the globe thanks to trendy clothing at ultra low prices. they are hoping for a as much as $90 billion in a u.s. ipo and the cut -- company estimated sales have far surpassed that. the leaders in fast fashion, zahra and h&m. at the same time, shein has come under fire for poor labor conditions, overproduction of poor quality garments, and they are accused of forced labor. and then there's the idea of disposable fashion. many environmentalists are concerned that with dresses and items that cost $529, there is the idea that you can through the clothes away after you wear them

, and i say that this is a very different model than those i know you guys have been talking about shein a lot on cnbc -- >> well, there's a reason. it has more than 330 million customers around the globe it's really taken people by storm, and i think has revolutionized -- they have a secret algorithm where orders -- it's -- they have designers that work on the clothes but the algorithm helps sort of determine what consumers want based on what they're ordering >> how do you think our regulatory -- >> it's not a china company -- >> i know. >> i think that consumers like $5 skirts and that's really what i think has been revolutionary they don't have any inventory, so -- >> guy, why are you smirking >> why are you looking at me i'm smiling because i'm happy. it's a monday night, rangers play tonight, i'll say this quick -- >> breaking news we're jumping on it. >> real quick. in terms of fundamentals, we've learned the hard way at times in alibaba. fundamentals don't matter. a lot of this is pred kated on how the stocks trade if the fundamentals mattered in a name like alibaba, the stock wou

popular chinese fashion jeent shein has filed to be the most valuable company to go public in years. are at stake. >>> texas governor abbott lives out his dream to go skydiving, taking the plunge with a world war ii veteran the veteran holds the record for oldest tandem skydive. >>> first lady jill biden unveiled the white house's christmas decorations, that include more than 42,000 tree lights health indicators, including mental alertness from one serving. to help keep me sharp. try new neuriva ultra. think bigger. i'm adding downy unstopables to my wash. now i'll be smelling fresh all day long. [sniff] still fresh. ♪♪ get 6x longer-lasting freshness, plus odor protection. try for under $5! ♪♪ ♪♪ ♪ yeah ♪ ♪♪ ♪ sisters, sisters ♪ ♪ there were never such devoted sisters ♪ ♪♪ honey... honey... nyquil severe honey. powerful cold and flu relief with a dreamy honey taste. nyquil honey, the nighttime, sniffing, sneezing, couging, aching, fever, honey-licious, best sleep with a cold, medicine. >>> the minnesota vikings have a lot of trouble keeping possession on monday night football >> fou

so just moving forward a bit then and then your your eventual uh release martina, you then joined shein fean, was that easy transition after all those years in chile? yeah, it was natural transition uh, we um we had followed the political process there out, um, we were sent back here, transferred to prisons in ireland six weeks before the first day sessation, i remember martin had telling me that this was part of what the british were trying to do to. send send a signal and we had we had historical meetings uh with the nc and the south africans came to longcash prison and we women and arma were brought there, we were regularly updated about the peace and political process and what was going on in negotiations as political prisoners, i was released under the terms of the good friendly agreement, my husband to i married in jail, it's another story, um, he had subsequently uh been released after me and jack straw tried to prevent him and two other men getting out because they were the only prisoners that were subjected to natural life, they were never to be released, and so the natural cor

to mention shein. send this note out every morning. you could subscribe, it would be great for me. use the darn qr code. >> use the darn qr code. >> you only like -- all he ever does is look at what stock i own that's doing badly in the club and points that out or tries to get me out of stocks, as we know. >> it's the boeing effect. >> bill tried to get me out of disney because it was a horrible movie weekend, but then maybe there's a board meeting where you get a dividend. >> you never know, jim. >> do you want to get me out? >> you ready to get out yet? >> that never meant a thing to him before. thank you. >> you're welcome. >> yeah, thank you. >> i know. sorry about boeing. i know. i'm sorry. >> just right out there, one of the best stocks. >> it's on me, of course, that he got out of boeing. on me. >> it was. >> the shame. >> i was mortified every time. >> you called a couple of good bottoms. >> my god, do you hear that? david, this is a commercial break. when we come back, will you say that again?

shein with fifteen soldiers defended himself to the last in the kolomenskaya tower, where he was woundedr. the last defenders of smolensk blew up themselves along with the gunpowder warehouses located in the citadel. in the same year, the attempt of the ryazan governor prokoffy lepunov to liberate the capital ended in failure. the first militia he assembled could not take it. strengthening the china city, lepunov himself was killed as a result of a conspiracy. moscow, set on fire by the poles during a spontaneous uprising of city residents, burned to the ground. meanwhile, a third impostor has appeared in the north of the country. to contemporaries there was turmoil and it seemed that they were present at the end of the world. the fatherland and the church perished. cattle dogs they lived in altars, played dice on icons, and tore babies from their mothers’ hands and smashed them against stones. it seemed that the russians no longer had either a soul or faith, that the state, infected with a moral ulcer , was ending in terrible convulsions. nikolai karamzin. congratulations, movies on wee

you need to read all reviews and measurements and realize a lot of stuff is coming from china and sheinver the world, maybe you convinced me to share food, maybe go to stores and see everything in real life. >> everything seems to be cheaper now, i was trying to find a nice winter jacket, i was like, i'm going to freeze. >> you can borrow any coat when you are here. >> tell you about florida. like everything seems not made as well these days. >> thanks, joe biden. >> yeah. thanks, joe biden. >> emily: so much more to come, guys, stay with us. ♪ ♪ my dad believed in hard work, and the farm was the perfect place to learn grit, determination and problem solving. we're taking that passion and channeling it through our farm to home bedding bath, and apparel at red land cotton. we grow cotton in the rich red earth of north alabama. and we want our products to be made here in the usa, from the seed in the ground to the final stitch. go to red land cotton dot com and receive 20% off your order with code fox 20 [sneeze] dude you coming? ♪ alka-seltzer plus powermax gels cold & flu relief with mo

. >>> and shein sieeking valuatio of $90 billion in the anticipated ipo in the u.s.erg, the fast fashion platform support from the $64 billion it was given following the funding round back in may. it is still below last year's $100 billion valuation. the report is talks are ongoing of the details of the public offering. frank. >>> silvana, thank you very much. we will turn attention now over to earnings as companies prepare to open up the books today. including gilead and uber among some. pippa stevens has more to watch as well as diana olick. >> energy market struggle for production as demand fears and the escalation in the middle east lifting prices on the other. wall street is expecting the company to earn 84 cents per share on $7 billion of revenue according to estimates from lseg. executive comments are key here with the production plan and looking forward and guidance with the shareholder return and insight on how the m&a market is looking. exxon and pioneer and natural resources deals as well as the hess deal is still an issue for objecci occidental. warren bu

upheavaled, things are pulling bark, i want to hear the commentary my concern most about target is temu and shein, how big of an impact are they having and i think that's more walmart. >> breaking news of the mix of consumer and discretionary goods. >> somebody said bad medicine. >> bon jovi. richie sambora said there's a chance they'll tour again. >> he's a big fan of the show. the bad medicine is that the economy is weaker, and and client are trading right into their wheel house, i continue to think walmart can trade higher it's investments they made in core business and technology and people they've done a lot of sprucing of stores, and i think it will continue to be defensive here, but again, that walmart/target spread, that trade, that pair trade, i'd be long target over walmart women know what target's done wrong they've made a lot of mistakes i think the share price suffered. >> that's been the bet we'll see if they get their act together, but target's been middled and a lot of problems are self-inflicted to target and a lot of other things are falling under the auspices of the consumer i

. >>> and shein sets sights on a $90 billion val uation in a possible ipo.he report says even that figure no longer reflects the company value on the secondary market citing people familiar with the matter. deliberations are ongoing and no decision has been made on the timing of the possible ipo. >>> coming up on the show, lower oil prices weigh on results at aramco. we will breakdown the numbers after this. with cirkul, your water is deliciously flavored at the turn of a dial, with zero sugar and zero calories. and cirkul has over 40 flavors, so your water can be as unique as you are. try cirkul. your water, your way. now with even more flavors. available at walmart or drinkcirkul.com. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free hi, i'm darlene and i lost 40 pounds with golo just like that in just eight months. golo has really taught me how to e

is it temu and shein's fault? what has accounted for difficult stocks?lenges th the low-income consumer, margin pressures that these companies have faced. when you look at the dollar scores, when you sell lower margin consumables that has gative margin implications. these companies have had severe margin headwinds. a challenge for the stock on en comparison.cult pandemic for dollar general, you've had some execution issues, you know, under the old ceo and now they're trng to rectify them with improving the supply chain. they made progress there and invested more in wages it's a number of factors out there, both chains are if i look at dg and dollar tree we have a perform rate on both. dg we think there's greater turnaround potential in the coming years. strong cash iteration and we're optimistic they cadrive accelerati. >> are we gointo look back and say the lor income consumer was able to gemojo back and if so how so? >> yeah. so snap benefits will start to lapse next year and that could be a positive. so we're optimistic. you hopefully get a better dis

that's temu and shein.super bowl ads and deep discounts, temu has by one estimate more than 56 million monthly users in the u.s., owned by a tech giant pinduoduo, making $150 billion company. american companies continue to take hits in the chinese market. there's unity, a video game company that missed revenue expectations in its most recent quarter thanks to new chinese government restrictions on gaming of course we've been talking about the iphone restrictions, too, and increasing scrutiny at apple's largest chinese supplier, foxcon meta, 14 years after getting shut out of the country, it's getting back in with a chinese company to sell vr head sets the last time president biden and president xi met was a year ago during the group of 20 summit in bali this is a photo from a south china morning post article a few years ago. president xi jinping in 1985 in front of the golden gate bridge right here in san francisco. maybe he'll try to re-create it. >> he knows the bay area, knows iowa pretty well he's no st

the ipo's, class of 2024, it could be reddit, skims, shein. that could value the company as much as 15 billion u.s. dollars. elsewhere,shein looking at a valuation at much as 90 u.s. dollars. it has been quiet for this part of the banking industry and there is potential to come into next year. tom: are they legitimate ipo candidates? are they essentially almost micro caps that should not be looking at an ipo? the froth is let's cash out, get the equity going. where will we be in six months? lisa: we haven't seen any froth. this year has been so quiet when it comes to ipo's. not just in general going back, but there is a question if this will be some kind of private equity exit. our founders exiting some kind of investment? or do people see the market thawing in a concrete way and want to move forward with investment? i'm not sure. to me, the idea that things are coming out is a positive sign. tom: i think that the exit pressure is tangible. rubenstein with this wonderful show on bloomberg, this goes to apollo. when we visit apollo next week, w

it has been using discounts or try to lure shoppers away from the likes of amazon and shein as well.t could end up being quite disruptive in global e-commerce, given that it has followed the same strategy of cut rate splicing, it just has been able to expand more aggressively across markets and to customers. >> rbnz expected to keep the cash rate on hold at 5.5%. paul allen joins us now with more. the market is really kind of itching for that. paul: we can anticipate a bit of cold water on that in today's remarks. inflation has cooled off a bit more thanted. some of the remarks leading up to this suggests that buyers are still on the hawkish side. in august it did raise its forecast track for the cash rate as well. we get to see revised forecast that could potentially change, but as it stands, the rbnz not forecasting cuts until the fourth quarter of next year. shery: and the governors likely to? paul: one would anticipate he would be quite diplomatic at batting those questions away, but we will wait to see. the bank has previously said he does not comment on current or hypothetical

e-commerce giant shein getting closer to an ipo.es are on the private market. the exact timing is unclear, i asked the ceo about it last week. >> clearly, focused on growth. the business is doing well. you're -- >> responsible growth. >> responsible growth. you're dealing with the regulators. you're one of the most valuable startups on the planet. what is the thinking on the ipo? a lot of people think you're doinging the groundwork. >> responsible growth is important for us. doing everything to ensure our growth is steady and stable. >> while there's no indication they're nearer to an ipo, you know, i can report according to sources familiar, they haven't had any conversations about another private funding round or about any kind of valuation on the public markets at this point. since their last funding round, which valued at about $66 million in may, a step down from the $100 billion it got in 2022. it's kind of a speculation rumor mill at this point. >> if undertaking extensive pr over the i don't know how much it is, we can expec

hello, live on channel one, the program time will tell, i’m artyom shein. and today is a rare case when in news reports , the weather has been relegated to the background, political news, in some sense of the word, has sung with the news from the front, we will talk about the weather later, but the weather is like this, and, well, such communication , that practically throughout the entire territory of our country, from the southern seas and generally to kamchatka, so or in other words, some kind of spontaneous, and natural, climatic troubles , and what do you want to start with something so, well, very pleasant, however, i didn’t need to come up with this pleasant thing , this pleasant thing is present today and so on the agenda, because today us on november 27, today is marine corps day, and i heartily congratulate everyone who served, everyone who serves in the valiant marine corps of the russian federation, first of all those... who perform combat missions, where the motherland said to perform combat missions, of course in svo, but there are many places where our marines carry out c

it's not shein.ut when the government comes up with what they want to do, i'm going to salute, and that's what jpmorgan is going to do, but it's a very complicated subject. every nation has national security interests. ours is semiconductors and, you know, maybe some data, but for europe, it's energy. they are completely reliant on outside parties for their energy. even for china. they import, i think, nine or ten million barrels of oil a day. every country is going to be looking at its own national security interests, so the complexity of china, we'll work that. we want to be at the table and help figure out -- and i think the government's talking about the right way. narrow garden, high walls, s semiconductors. 100% of our penicillin and pharmaceutical parts come from there. obviously, we should fix that. >> is there any part of you that says, for example, doing business with bytedance, with tiktok, we're going to have kevin mccarthy on. he's not a nan offan of tiktok. there are a number of states