tiffany or ben? [ beep ] who is batwoman? not batgirl. tiffany, back to you.v for $800. - jackie. - what is cheerleading? - that's right. - bills, $800. - ben. - who is bill o'reilly? - he's the one. - bills, $1,000. - ben. - what is "calvin and hobbes"? - yes. - cool beans, $200. - ben. - what is a kidney bean? - you got it. - beans, $400. - ben. - what is a lima bean? - yes. - $600--beans. - tiffany. - what is a northern bean? no. [ beep ] what is a navy bean? back to you, ben. beans, $800. - jackie. - what are soy beans? - that's it. - tv, $400. - ben. - what is austin? - you got it. - tv, $200. - jackie. - what is lego? lego. yes. still standing in europe, $600. answer-- all right. [ applause ] $1,600. all right... - what is prague? - prague is right. [ applause ] europe, $400. - tiffany. - what is a thorn? the crown of thorns. thank you very much. and with that, you're on the board at $400, and you've taken us into our first commercial break. back in a moment. ♪ so you're a small bor a big one. you were thriving, flourishing, but then... oh. ah. okay. tim

talking about price of tiffany's the stock price of tiffany's dropped by more than 6 percent here in the winter session all right fascinating story involving a very sort of company yes quarter with the latest from new york thank you. and let's go to some of the other business stories making headlines. users of the hugely popular online video game fortnight will not be able to sign into play using their apple id as soon as thursday that's according to the game's maker epic games apple and afaik have been in a legal battle since august when epic launched its own in app payment system. regulators in ireland have informed facebook that its data transfers to the u.s. do not comply with the recent court privacy ruling the wall street journal is reporting that facebook received an order to stop the transfers and the e.u. court in july prohibited data transfers to countries where privacy cannot be assured. german auto parts maker scheffler will cut an additional $4400.00 jobs in europe by the end of 2022 response to falling demand in the sector scheffler said it hoped to save up to 300000000

what happens to tiffany?absolutely crushed the jewelry business, which is why lvmh wanted to renegotiate this deal for months tiffany sales were down 45% in the second quarter lvmh saying in a conference call it is not happy with the way tiffany has been managed in the past few months. tiffany saying the fundamental strength of our business is clear and that fourth quarter earnings will actually be up over 2019. now, industry experts say the end run here could be that lvmh comes back to the table at a lower price or maybe that delaware court could rule in favor of tiffany, in which case they would have to acquire this company at the 135 per share >> let me get this straight. the french foreign minister sent a letter, which nobody has seen, is that correct, saying you shouldn't do this deal until january? >> yeah. so as you can imagine, lots of intrigue and conspiracy theory on how this letter came to be. this is a letter that lvmh has seen but has not given the french letter or a full translation to tiffany t

tiffany is a great example.he premium, hard goods asset they could be of a lot of interest to companies. what price do you want to pay would you set the deal before the covid crisis hit? guy: where do the risks in my portfolio now lay? i have some bonds, some credits. if i'm long u.s. tech. we have seen people talking about the risk of inflation. we have seen more of that today. some people suggesting inflation could be circa 5% to 10% over a five-year horizon. do i need to start preparing for it? saira: we are not seeing the long-term risk of inflation. they will be challenging to meet inflation targets from here. we are not surprised to see some pricing coming back. as the labor force reenters the market, long-term inflation is not on the radar. have priced in anticipation of economic recovery, which is usually what happens when you come out of a deep recession. it will be a volatile end to the year for the election coming up, and china and u.s. tensions are increasing. we think we will get a vaccine but the t

tiffany's biggest takeover company callsthe off a takeover of tiffany.lies ahead for the luxury giant, amanda. are somehile there negative news stories today, it is positive sentiment across the market. we have major north american markets moving higher although we see energy is a weak spot. tech is leading us higher. process at s&p 500, it is the tech group that is leading by 4%, names like apple and tesla getting big rebounds, although in tesla's case, not recovering. we do see energy moving higher in the u.s. market. not as much in canada, though. the tsx group is rebounding a little bit. -- we had seen the canadian dollar weakening in the last few sessions, but it is stabilizing a bit here. we have the bank of canada decision keeping rates on hold, maintaining asset purchases, and some would taking the negative rate sector off the table, somewhat argue. -- some would argue. david rosenberg's chief economist and strategist at rosenberg research. this is the perennial question. low for long, we may see negative one way or another, intended or unintende

state of delaware that's for tiffany is incorporated thank you conrad. and electric field for general motors is the 2nd in less than a week $1000000000.00 agreement with the nicolette to produce its electric pickup and supply batteries as both companies put pedal to metal but who or what is nickel is a look at the other company named mr. this is it nikolai headquarters this so proclaim disruptor of the transportation industry greets visitors with a variety of sleek and shiny vehicles and the entry hole so-called big rig trucks away from their off road week olds it's all there it's show and tell of what could be all rather of what will be in the near future says this man we're an energy technology company that happens to make really cool big vehicles this is true of a milton the founder of nikola 38 years old and worth an estimated $4500000000.00. his 5th company milton considers himself a gifted man equipped with plenty of ego and smarts of course primarily he just. well we 1st started this it was it was a very risky you know the odds of starting a compa

them and lvmh, tiffany shares off over 10%.ter an unsolicited deal. they raised the bid and buyers's remorse after the pandemic and watching tiffany sales fall, particularly in the u.s. they have rebounded a bit. the u.s. less so the company is earning money again and i'm told will continue to show significant growth that does not seem to be enough to convince the leader, one of the wealthiest men in the world and powerful in france to say i want to do this deal at the price i agreed to. whether or not he's in it for a price cut as i was told many times because we've talked about this as a possibility for months now. the prospect he would continue to try to find some way to get out and/or apply enough pressure to get a price cut for the deal, not clear. what is clear now is he found something interesting. that's for sure. it's from the french foreign ministry yesterday we learned about this letter or this morning we learned about this letter, tiffany learned about it yesterday. in it say they the american government has decided

talking about prices tiffany's the stock price of tiffany's drop by more than 6 percent here in the winter session or a fascinating story involving a very sort of company yes quarter with the latest from new york thank you. and let's go to some of the other business stories making headlines. users of the hugely popular online video game fortnight will not be able to sign into play using their apple id as soon as thursday that's according to the game's maker epic games apple an epic have been in a legal battle since august when epic launched its own in app payment system. regulators in ireland have informed facebook that its data transfers to the u.s. do not comply with the recent e.u. court privacy ruling the wall street journal is reporting that facebook received an order to stop the transfers and e.u. court in july prohibited data transfers to countries where privacy cannot be assured. german auto parts maker scheffler will cut an additional $4400.00 jobs in europe by the end of 2022 response to falling demand in the sector scheffler said it hoped to save up to 300000000 euros wit

lvmh also accused tiffany of mismanagement during dependent. trial is set in delaware to determine whether lvmh must go through with the deal. that is your latest business flash. alix: thanks so much, ritika. bernstein saying that lvmh is ready to fight its corner and get on with this legal challenge. the idea is that it will still evolve into some kind of compromise, but a discount price. but how does a company merged with another company in the middle of all of this? guy: it probably takes the edge of the relationship going forward, doesn't it? i'm sure where there is a will, there is a way, but if this is a

lvmh falling after filing get tiffany -- filing a tiffany's countersuit. other in a collapse of that you. daimler down by around 1%. the stock trading lower. uber offering for free now, the joint venture that daimler operates with the bmw. year -- discount retail in, the discount retailer europe, higher. a fairly upbeat outlook coming through from them this morning, matt. could riskxt, how assets react to the debate tonight? we put that question to our mliv macro strategist, laura cooper. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. welcome back to bloomberg markets, this is the european open. we are 30 minutes into the trading day. we are looking a

tiffany is fell as much as 11% today.is not recovered from the gains it posted since the deal was announced. lvmh ended little changed in europe. for that company, buying tiffany's is a strategic move into getting a bigger footprint in the u.s. jewelry market. we know asia, including japan, accounts for 37% of lvmh sales, europe is number two, followed by the u.s.. for weeks there has been speculation lvmh is looking for a lower price. with the original price, lvmh was paying 15 times ebita. after covid, that slowed to almost 18 times. it does strike me as interesting lvmh is blaming trade tensions for this delay. the company says the french government asked it to delay the deal be on january 2021 because of the threat to impose tariffs on french imports. 25% tariffs on makeup soap and handbags. lvmh affected by the handbags. potentially 100% tariffs on alcohol. lvmh owns john perry on. a lot of tit-for-tat and now tiffany says there is no basis under french law for the government to reach a contract and thus the lawsuit.

tiffany, you own it. >> i do, yeah. again, you know, started the show saying i logged everything tech, and nvidia is clearly right up there in there's particularly interesting to me. they also include artificial intelligence in that you know, the stock is up 142% year to date, and 12% -- almost 12% in the past five days. you know, that tells the entire story, i think. >> that's a pretty good story to tell, up 142% so far from nvidia to qualcomm, micron, intel, and others. what's your broad take on this category, semiconductors >> at the risk of irritating all of the traders on this panel right now, i think semiconductors are usually looked at as an indicator of what's to come if we're looking at just the nature of this recovery, we still need the consumer to come back we need manufacturing to come back we're going to look at consumers discretionaries, industrials as the indicator going forward. the other. >> does anyone want to respond to liz the floor is open. >> i'll respond. >> first of all, the pillars of the econom

price for tiffany.obert frank, i love this story. this is not just a war against luxury purveyors of goods. if they can prove that damage hit tiffany, that would make way for other deals, right >> absolutely. what's interesting about this is you have two genteel companies, tiffany basically accusing lvmh of lying, lvmh saying tiffany is mismanaged ultimately this gets renegotiated at a lower price, or there is some kind of break-up where lmvh pays a fee right now they're going to court. the case starts in delaware in early january, and you're right, lvmh says, look, tiffany is a business that has 80% of its stores in malls, so that's not a good place to be and by the way, 90% of its sales last year came from brick and mortar stores. so without lvmh, it's really hard to see where tiffany goes, at least in the near term. >> i know what jon fortt's take is >> it's like buyers with a luxury purchase. how many companies have experienced this over the years. robert summed it up well, but this deal happened be

the company has sought to strengthen its case against tiffany. saying the spurious argument put forward. the collapse of the $16.6 billion deal let's get charlotte to give you the latest on the saga on what is unravelling here. what more can you tell us. >> yes, indeed the latest chapter looking at spurious arguments put forward by tiffany saying lvmh tried to play the clock and file for approval particularly they have filed for this about 10 days ago after they said they would have to step out from the merger deal after they received a letter from the french government this is the latest chapter here, lvmh counter suing tiffany they should express the statement this morning given the arguments in the filing here saying they have faced material add virs change in its business. that's a standard provision where a buyer can step out for a deal here, they mention given the covid crisis that tiffany is particularly ill suited for the challenge ahead. they mentioned exposure of the u.s. market and foot fall in malls in particular. they also mention th

tiffany sales falling 45% in the second quarter, lvmh saying tiffany has been a loss company for thes, and it's, quote, not happy with the way it has been managed for the past few months. tiffany saying the fundamental strength of our business is clear, and that fourth quarter earnings will be up over 2019. so will lmvh come back to the table at a lower price will a private equity come who knows maybe they'll come back to an original public company, but what is clear is that this deal at $135 a share doesn't look like it's going to happen for now guys, back to you. >> robert, it's a little hard to sympathize with lmvh here. whether or not it was the french government's fault, they clearly think they overpaid for this and are looking for a way out. if tiffany is really a valuable asset, then somebody else should be able to come in at a better price, right >> that's going to be the question that this delaware court case will hinge on, is what is this lettdoes this lett french government say exactly, does it demand they stop the deal lvmh is saying, look, we can't do it, and tiffany say

i always come back to the merger agreement, which specifically allows tiffany to pay dividends.ny will be delighted to get arnault on the stand and seek to question him i expect that they will grant an expedited proceeding here. >> still no letter from the french foreign minister, by the way in all of this still waiting for that. >> i think they got a translated one, but not the actual. >> all right >>> coming up, are you ready for some football? these sports betting stocks are. ♪ come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ >>> breaking news out of d.c president trump just saying there will be no extension on the tiktok deal. dan nathan, we were just reporting yesterday that perhaps they were going to look for alternatives to the u.s. unit actually being sold. what's your take on this >> you know, listen, i'm a little surprised, you know, to have such a turnaround in such a quick time period, less than 24 hours. this obviously increases the lik

lvmh has filed a counter lawsuit against tiffany.hat's just the latest piece of drama going in that ongoing merger dispute between the two luxury brands. robert frank joins us with the latest here. and this is getting to be a pretty bad divorce in a marriage that hasn't even happened yet. >> that's right, dom it's the latest shot fired in what i call the battle of the bling. lvmh filing a counterclaim now, this is a response to tiffany's lawsuit filed earlier this month that sought to force lvmh to proceed with that deal to buy tiffany for $16 billion now, lvmh complaining, here's how it starts out. this is the first line quote, the business lvmh proposed to acquire in november of 2019 no longer exists what remains is a mismanaged business with no end to problems in sight and it gets worse from there, dom lvmh alleges there was a material adverse effect here it says that the pandemic created a extraordinary damage to tiffany and, and this is important, there was no carve out in the deal agreement for a pandemic now, the core of the c

i'm tiffany cross.peaceful transfer of power is tainting everything he does, and, quite frankly, everything i do, including his nomination of a supreme court announcement. in a few hours he is expected to nominate judge amy coney barrett for the supreme court seat left vacant by the death of justice ruth bader ginsburg. many key issues affecting millions of americans just like you. donald trump made it clear that the rush to fill the court vacancy is, of course, all about him, and ensuring that he gets to stay in the oval office regardless of the will of the voters. >> i think this will end up in the supreme court. and i think it's very important that we have nine justices. this scam that the democrats are pulling -- it's a scam. this scam will be before the united states supreme court and i think having a 4-4 situation is not a good situation. >> a scam, otherwise known as elections. according to "the new york times," the pentagon is even concerned that trump could use the military to put down any prot

tiffany, you own nvidia but that's about it. you're not using that a pure semiconductor play >> i'm not we were lucky enough the buy nvidia a while ago and we were just correct i would really rather be be diversified in our tech holdings i kind of get back to this idea of these kind of three buckets that i've created. i like tech. tech adjacent companies and tech enabler companies. we did see that little dip that's okay. last week they were coming out of the that. we had a whole conversation about volatility these tech companies today, i know a lot of people talk about compare this to 2000 >> all right good stuff there let's step out of technology and go to maybe the value trade. the transport sector, that's on a bigger roll than a tractor trailer truck rolling down a hill for a tv commercial transports on pace for a sixth positive month in a row. fedex is up 17% this month recently upgrade at deutsche bank key bank upgraded u.p.s. you wonder are we going to get a buy back or do you just got to wit even though they are on a roll

tiffany's citing mismanagement during the pandemic.esla plans to mine its own lithium, securing rights in nevada. we are told they held discussions, but failed to reach a deal. it is all part of elon musk's plan to cut battery costs by 50%. that is your bloomberg business flash. francine: thank you so much. christine lagarde has a message for the euro zone. the ecb is ready to deploy more monetary stimulus. let's take a listen. pandemic ist of the still being felt across the euro area. , peoplere losing jobs on the income businesses are facing difficulties and prospects about the future remain uncertain. inflation in the euro area stood august and is expected to remain negative in the coming months. away frome are far the goal that we have, which is close to but below 2%. we are not complacent about it. the euro area real gdp is only expected to recover to precrisis levels in late 2022. the recovery remains incomplete and certain and uneven. francine: let's get more on this with our guest. from theso hearing finance minister of germany

tiffany's dropping as much as 11%.h that earlier game hit a lot at stake for what had been the biggest luxury transaction ever put together. to free swiftly -- tiffany swiftly of filing suit to keep the transaction alive. amid covid-19 and the related check downs as well as the proposed tariffs the u.s. was going to impose on france, up to 25% on luxury goods, the deal had been showing signs of trouble. tiffany just last month extended the gold deadline by three months to the end of november and that prompted lvmh to say it reserved the right to challenge the new closing date. lvmh claiming the french government in a letter asked it to delay the deal beyond early january 2021. shery: what happens next? su: the legal challenge will be interesting because what tiffany is arguing in its lawsuit, which it filed in delaware, is that lvmh has made clear its real goal, and this is quoting from the lawsuit now, is to attempt to renegotiate merger price and , borrowingotiation renegotiation, letting the clock run out on the dea

tiffany saying fundamental strength of the business is clear. earnings will be up over last year. industry experts say right now lvmh could possibly come back to the table with lower price or maybe that delaware court could rule in favor of tiffany or maybe tiffany goes back to being a public lly traded company. guys, back to you. >> robert, the blaming on trade tensions between the u.s. and france on the delay, is that all just sort of an excuse because the luxury picture has changed so much with tiffany sales getting hammered >> that is the central question around the letter from the mississippi industry in france also the min strid cited those trade discussions and tariff threat as the reason for this deal to be delayed ie, our french company shouldn't help an american company by acquiring it what tiffany will say, look, even that letter doesn't prevent you from doing the deal, doesn't delay it there's so much intrigue around this letter, the reasons the french government gave for the letter and the reasons lvmh is using the letter to back ou

. ♪ ♪ ♪ ♪ >>> the battle rages on between tiffany and its once would be acquirer lvmh.t is a countersuit from lvmh that we received yesterday and this has become one of the battles for the ages and may still actually end up in court, we will see whether they actually get there in very early january in delaware. the latest suit from lvmh of course countering the complaint that's already been received saying they are in breach of the merger agreement from tiffany makes a couple of arguments. one of the keys is simply that, hey, do you know what, did you not carve out for a pandemic in the merger agreement you did not say, hey, if there is a pandemic it won't count towards creating a material adverse change to which tiffany is basically responding at this point -- well, differently. let me get to those claims in the counter suit material adverse effect they say has occurred, tiffanybreached the covenants and then we will get to that letter from the french government as well in a moment as to this lack of a carveout in the pandemic, tiffany's response is actually pretty str

its $16has called off billion purchase of tiffany. tiffany has filed a lawsuit.acking all of the action. bloomberg is now learning that asked for help from the french government and pulling out of the deal. >> yes. board has stated it has no choice but to pull out of the deal because the french government had ordered a delay in the transaction. bloomberg is now reporting lvmh is chairman initiated the pullout and had asked the government work leaned on france's government to help it with an exit strategy. both companies are hurt by the pullout. tiffany swiftly filed a lawsuit in delaware to try to keep the $16 billion deal on track. between covid-19 and the related shutdown as well as the u.s. france trade dispute, the deal had been showing signs of trouble just last month, tiffany extended the deal deadline by three months to the end of november. reservempted lvmh to the right to challenge the date. that they wereed asked to delay the deal until early 2021 citing the u.s. move to impose tariffs on goods from france. i suppose the question is what happens now? ar

tiffany, gracias, ahora nos volvemos a encontrar.la liga mx por univisiÓn y tudn. atlas versus cruz azul a las 7:55 pm del este. y tigres versus chivas a las 9:55 pm del este. en vivo por univisiÓn y tambiÉn por tudn. tÚ que eres amante del fútbol aquÍ tienes tu plan para que te quedes en casa libre de coronavirus viendo solamente fÚtbol. borja: sÁbado futbolero en univisiÓn y el domingo cine porque atenciÓn, te vamos a contar, estos cines en varios estados reabren el dÍa de hoy y te vamos a preguntar: ¿crees que es seguro ir a ver una pelÍcula al cine? a la v hi ana! -hi girl! ¡aaargh! hey, what was that? ¿otra vez tu internet vecino? sí, lentísimo. con at&t fiber obtienes la velocidad y capacidad que tus devices necesitan. ¡aaargh! ¿no suena bien? suena increíble, solo que pisé un juguete. ooh that sounds as painful as his internet! obtén 1 giga de internet con at&t fiber por $49.99 al mes por un año. sin contrato anual y con hbo max™ incluido. disponibilidad limitada en ciertas áreas. llama al 1-800-es-facil. ♪ ♪ carolina: seguimo

for a breakup, unless tiffa nys and tiffanys are heading for a breakup, unless tiffanys can enforceher luxury brands could not proceed and one is because tiffanys asked for an extension to be extended from november to the end of this year and the other factor was that they received a letter from the french government urging them not to proceed due to the imposition of us tariffs. you may recall this is in retaliation to the digital tax that the federal government plans to impose that would primarily affect large us technology firms, something that the american administration objects to. now, whether or not the trade dispute is realistically a factor, that is up for debate. tiffa ny says factor, that is up for debate. tiffany says no, they don't have to listen to the french government, that it sat on the letter for a week before disclosing it to investors, and that it had not sought anti—trust approvals in various jurisdictions, including the eu, a suggestion that perhaps lvm h eu, a suggestion that perhaps lvmh was trying to drag its feet on the deal and it has nothing to do with th

at the american jeweler tiffany. planning to sell to sue lvmh after it backed out of a sixteen point two billion dollar takeover. at a paris based fashion giant said the french government had pressured it to delay the process. as it waited the next move in a trans atlantic trade spat. the trio explains. the french govovernmet just for peter the biggest deal of the luxury goods indusustry has ever seen. not accorording o govevernment sourcrces. they saa letter sent to luxury leviathan lvmh asking it to defer acquisition of u. s. units if any in company for a sixteen billion dollars walls in no way finding. robert paris was apparently seeking breathing room to assess the fallout from potential new terrorists from washington. mostly on the luxury sector. in a context of international negotiations that is very significant with our partners the french government is neither naive nor passive we have goals that we want to achieve. there's a current discussion with a certain nunumber of partners especially the united states.

state of delaware that's where tiffany is incorporated thank you conrad. and electric field for general motors is the 2nd in less than a week it's time a $2000000000.00 agreement with the stuff to produce its electric pickup and supply batteries says both companies put pedal to metal what is nickel is a look at the other company named mr fay. this is it headquarters this so proclaim disruptor of the transportation industry greets visitors with a variety of sleek and shiny vehicles and the entry hole so-called big rig trucks away from their off road week olds it's all there it's show and tell what could be all rather what will be in the near future says this man we're an energy technology company that happens to make really cool big vehicles this is true of a milton the founder of nikola 38 years old and worth an estimated $4500000000.00. his 5th company milton considers himself a gifted man with plenty of ego and smarts of course primarily he just. lucky he says. we 1st started this it was it was very risky you know the odds of starting a company and succe

an update when it comes to tiffany's response to lvmh, attempting to pull out of what would have beeniggest merger. this year. this year.id they are trying to force her to go through with the acquisition deal lvmh had previously decided it would sue tiffany to get out of that deal. we know the french government is involved in this as well. tiffany now saying that it is urging the court in delaware to hold a trial for the decision before november 24, making comments about the nature of the acrimony between the two parties at this point. tiffany's saying lvmh has been grasping at any opportunity to delay this deal but they have shifting expectations but there shifting clinicians indicate bad faith. tiffany says no interior adverse effect has occurred during the pandemic and they remain committed to completing the transaction so we know this relationship has deteriorated after lvmh tried to back out of the purchase of the american jeweler. bloomberg news had also reported arnaud, chief, bernard had asked for assistance from the french government to try and get out of that transaction as

call off ated to $16 billion purchase of tiffany.response, the jewelry chain filed a lawsuit to keep the deal on track. lvmh cited delays related to a trade dispute between the u.s. and france. tiffany says the france company is trying to leverage recent protests in the u.s. and the pandemic to seek a lower price. that is the latest business flash. guy? guy: thank you very much. there has been suspicion that europe's richest man wanted to buy tiffany at a cheaper price. this definitely fits into what he needs to do with the business . moving into jewelry ticks that box. this would seem an extreme method of getting a cheaper price. tiffany suing on that -- that does not seem like a good basis for a merger. oppenheimer does say they have viewed it as likely negotiations and not a breakup and they reiterate the standalone value. to thinkr guys seem this might go through. a tough road to start. thatto hit on news reported astrazeneca had an issue with a patient in a vaccine trial and said potentially they are looking at neurological issu

it's an honor to be here with tiffany. i know how hard it is for her, and i say i know.as in the position of her children. my dad went through the same thing, mr. mayor, back in scranton, pennsylvania, he lost his job and i remember him walking up the stairs making what i call the longest walk a parent has to make to tell a child that he's going to have to leave. my dad didn't have an eight-hour ride, he only had a three and a half-hour ride to delaware. it took a couple of years before he could take us to delaware, he'd come home every weekend to make sure we were together again. it was a hard slog. a lot of people have made that, and tiffany, you're a wonderful, wonderful, mother, teacher and the way you talk about your husband, he and i have something in common. we both married way up. look, i want to say that, you know, my dad, when he was -- i apologize to congress and he's heard me say this a lot, but my dad whenny w we moved back to delaware or moved to delaware would say all of the time to his children, my siblings and i, he'd say, you know, joe, a job's about a

no line, no one in the store at tiffany.toration hardware, another name that you love. they report after the bell. it has been a high-flyer. are you sticking with it. >> i'm always sticking with rh. they are opening hotels. key-ready condos. everyone has a yacht. rebifurcateed cash, if you're flush with cash, redecading. you are good with restoration hardware. charles: love my restoration hardware sofa and catalog. i hope they never stop sending them. it may be antiquated by i love them. kristin, thanks so much. >> thanks so much. >> stocks pushing higher after a three-day losing streak. coming up the last trade you should consider because there are nice bounces out there, one ever the best really in the business seriously, gary kaltbaum. we have a lot to answer. we'll be right back charles: big cap tech stocks leading the market back after three days of heavy selling. here with more as we head into the final hour of trading is kaltbaum capital management ceo, fox business contributor, gary kaltbaum. gary, i just want to tal

tom: i will get you something from tiffany. jonathan: i look forward to that. data coming later. lisa: i am very curious to see

levy tell has filed a countess suit against tiffany in a dispute over their failed $16200000000.00 merger and also it is the latest legal spot between the 2 companies allowed which has been the biggest deal in the luxury market earlier this month tiffany filed a lawsuit against l b m h after the onus says it was pulling out of the merger citing a request by the french government to delay the move in order to assess the threat of proposed u.s. terrorists. and now a brief look at some of the other business stories making news. netflix the streaming giant is hoping to expand in africa with a new mobile only offer 5 years after it entered the african market it has had trouble expanding its appeal beyond the continent's wealthy now it's a mean for people who want to view movies and shows on their phones 6 at a lower price. the european union wants to avoid complete border closures due to the coronavirus pandemic that's what germany's commissioner for tourism says after a meeting with the e.u. tourism minister as the bloc agreed to coordinate travel warnings coronavirus tests and quarantine reg

gooseman, timothy shrub and tiffany lynn. thank you for being here. i'm so sorry for your loss.herine, this isn't supposed to happen to a healthy 28-year-old. i mean, you as a doctor, do you have any medical explanation for why she died from this? >> there really is no medical explanation that i can personally fathom. it's not something that you think of at 27, 28 that your friend dies. and that's kind of what's happening during this pandemic. we're seeing all these young adults getting infected by this virus and it breaks my heart to see people outdoors with no masks on, knowing that there's like loved ones suffering because of it. >> katherine, i know you yourself were very sick with coronavirus back in april, but you recovered as we expect people your age to. >> and i think that's why it's really hard for me to accept that this actually happened. i have like nightmares and i wake up thinking that maybe this isn't real. but then i remind myself that it is. >> tim, or timothy, do you know if she knew -- if she knew how sick she was or did she think she was getting better? >> in

today eye crimed to talk with tiffani cross, political analyst and author of book "say it louder, black voters, white narratives and sieving our dem." tiffany has spent years in politics and media and witnessed the ways in which black voterrers are minimized and suppressed through both policy and media coverage. "say it louder" builds on the work and explains the way in which black voters have been crucial in the same political system that we're an dismissed from and although voter suppression is not new, tiffany cross asserts the change is coming by way of political activism and a demographic shift. i if you have a question you want me to ask tiffany later put it in the chat box in youtube or the comments facebook and the question will get to me. thank you tiffany cross for joining us today. >> thank you, aimee, for being in this conversation with me. i'm so excited to have it, but i'm especially excited to have it with you. so looking forward to this. >> i wanted to just congratulate you also on your role in msnbc where joy reid moves on to her somehow and. what it like to have a regu

tom: we got a -- we've got to touch on tiffany. i know you've wondered over in london, and you need the tiffany china mugs for 200 pounds large. but they are not going to do it with lvmh. jonathan: i will take a pass on that. i will be spending less time there, that's for sure. the reason they are giving and the reason people are suggesting is around tariffs on french goods. it is not for me to say whether that has been a reason -- whether that is a reason or an excuse, but this is been on the radar all summer. this deal was closed most 12 months ago. then we had the pandemic, and then everyone thought they would reassess the deal and walk away, and this morning they have finally done this. tom: everything gets recalibrated. give us an update. you nailed that three-year auction yesterday. you know i think they were boring. this one was not. lisa: there never that boring. perhaps it didn't go all that well if you look at some of the internal technicals. still an all-time record low yield of 0.17%. but to this larger point, i want to

jeweler tiffany which is suing its would force a merger agreement signed last year l v m h had announced on wednesday it was unable as things stand to go ahead with its plan $16200000000.00 purchase of tiffany. what's the 2nd electric deal for general motors less than a week this time a $2000000000.00 agreement with the start of nikola to produce its electric pickup and supply batteries shares both companies put the pedal to the metal but what is nicola here's a look at the other company named after a certain mr tesla for. this is it nicolai headquarters this so proclaim disruptor of the transportation industry greets visitors with a variety of sleek and shiny vehicles and the entry hole so-called big rig trucks away from their off road week olds it's all there it's show and tell what could be all rather what will be in the near future says this man we're an energy technology company that happens to make really cool big vehicles this is true of a milton the founder of nikola 38 years old and worth an estimated $4500000000.00. his 5th company open considers himself a gifted man equipped w

, a response to tiffany's own lawsuit filed earlier this month.sought to force them to proceed with that deal to buy tiffany for $16 billion. now they complain saying the business that lvmh proposed to acquire in 2018, no longer exists the what remains is a mismanaged business with no end to its problems in sight. now there are three basic claims in this counterclaim >> the pandemic created extraordinary damage to tiffany and there was no carveout in the deal agreement for a pandemic. they failed to operate in ordinary course. this basically saying tiffany paid out more dividends during the six months than it should have and other luxury companies reduced or eliminated their dividends and it says tiffany cut critical sales in marketing expense tez expense of future sales and closed stores before they were required to. also saying this is important. luxury companies in the u.s. have a bleak future. it points out here that 90% of tiffany sales are brick & mortar stores 80% of those are in shopping malls. so there is really no hope for a quick recove

a luxury spache breaks out over a make of tiffany soup l b m h calling off the deal a french firm blamesthe french government for getting involved. and the immobility race heats up g.m. announces another major electrical vehicle partnership this time with the stuff up nicola. had been physical and let's do business as a face a judge. chinese officials are using the coronavirus to double down on foreign firms a great deal of european companies stationed in china say beijing is refusing to grant their bosses and his entry findings come just days after president xi jinping promised the business community to continue to open the economy to the world. in late may several 100 german executives and their families who had been forced to leave china due to the pandemic were granted special permission to return to their work places there but it was anything but a sign of getting back to normal. many european companies in china are still waiting for their employees to return but chinese authorities are refusing to let them in again. in a survey by the european chamber of commerce in china at the en

jeweler tiffany which is suing its would force a merger agreement signed last year l v m h had announced on wednesday it was unable as things stand to go ahead with its planned $16200000000.00 purchase of tiffany. what's the 2nd electric deal for general motors in less than a week this time a $2000000000.00 agreement with a start up nicola to produce its electric pickup and supply batteries shares both companies put the pedal to the metal but what is nicola here's a look at the other company named after a certain mr tesla for. this is it nikolai headquarters this so proclaim disruptor of the transportation industry greets visitors with a variety of sleek and shiny vehicles and the entry hole so-called big rig trucks away from their off road week olds it's all there it's show and tell of what could be all rather off what will be in the near future says this man we're an energy technology company that happens to make really cool big vehicles this is true of a milton the founder of nikola 38 years old and worth an estimated $4500000000.00. his 5th company milton considers himself a gifted m

court of the mh further criticized tiffany for issuing dividends even as it was losing money saying that tiffffany's performance during the pandemic was significantly worse than that of other lvmh brands. number of americans filing for jobless benefits for the first time rose slightly last week eight hundred and eighty four thousand new claims were recorded by the department of labor. that's slightly higher than the previous week it does mark an improvement on the nearly seven million people who lost their jobs in a single week back in march. but it's still well above the pre pandemic record of just under seven hundred thousand. the government has changed thehe way it calculates those figures which economists say it makes it difficult to compare to previous data. but the trend does suggest that the labor market's recovery is now stalling. and the millions of people are likely to remain out of work for sometime to come. france is extending its financial support for parents whose childrdren can't be in school. some thirty two schools have already closed since classes reopened earlier this

the saga continues with tiffany.ibi t continues to strengthen its case in a bid to walk away from the take over deal lvmh continues to have full confidence to close the acquisitions that have not been met. the arguments put forward where particularlyunfounded. one to watch not going away anytime soon >> thank you very much >> resolving the issue in problems amid outlook. zoom and teams issue first confirmed by microsoft around 7:00 p.m. last night and it was addressed around midnight. if you had a problem, you weren't the only one elon musk to plan spacex starlink for several years the delay is around public market, quote, public market does not like erratic cash flow, ha, ha, ha hold me to it. meantime, fiat will hold $9.5 million conducting a review of clients regulations. fiat chrysler did not admit or deny wrongdoing. stems from the skandal the company agreed in 2019 to a settlement around $80 million from the doj and produced false results on deeziesel emissions tests. >> and now to the house. the plan totals $2

so much for tiffany. right now, the doctor is in.uly expert on this pandemic and the hopes we all have for a vaccine. --all hope that the movement we all have hope in the movement that is fraught with risk. what is the next step after you fail a phase three trial? dr. fazeli: basically, i wouldn't call it a fail. basically we have a trial put on hold. if the data shows that, due to thevaccine, it is up to data safety board whether it is a risk going forward. how you will convince people to sign up for doses is a slightly different question. it is also possible that it is something to do with either the vaccine itself in general, which would be a bad news for other vaccine makers, or some way that the vaccine is delivered. we need to detail before we can make any judgments on that. jonathan: let's make some judgments further down the line. we know that one has got to be effective. it's got to be -- one, it's got to be effective. it's got to be quickly and widely distributed. but three, people have to want to take this. how widely rece

is up a lot >> tiffany, you own.in this space as we just talk about xpo and steph throws up her hand for u.p.s. >> yes i like fedex over u.p.s. they do report earnings today after the close with the increase in e-commerce which i love i think it's up about 40% during this crazy time. i expect fedex to do very well, to continue to do well they really are positioned as the leader in expedited sl ed sg and international shipping they can set the prices. i expect good things from fedex. i own it i've owned it for a while and hopefully i'll probably buy some more this week >>> crude is rising today. hurricane sally heading towards the gulf coast a warning on demand for oil for the rest of the year we'll have those trades, flexion. next. incomparable design makes it beautiful. state-of-the-art technology makes it brilliant. the visionary lexus nx. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. >>> we're back time for the futures outlook crude oil catching a bit despite warnin

joy," i am tiffany cross.years amy coney barrett has authored about 100 opinions and several dissents. such as gun rights, reproductive rights and immigration. judge barrett criticized justice roberts for failing to strike down on obamacare saying in 2017 he pushed the affordable care act beyond its means. her thoughts on the aca are more than just academics, considering the court is scheduled to hear a third challenge to obamacare a week after the election. if confirmed, barrett could would be the youngest justice at just 48 years old, her thoughts can change laws. joining me now, brittany cunningham is back with me, our contributor and a member of obama's 21st century of the task force. brittany cooper, author of the book "eloquent range" and sister campbell. i am so happy you guys are with me. there are so much to unpack here and talk about what's happening. sister simone campbell, i think i want to start with you on this sunday morning. reproductive rights, conservatives quite frequently use religion as th

stepephen: tiffany's is suing te for failingury giant to complete the 16 billion euro takeover of theompany. tiffany clclaims t they are delg the regulatory process tovoid finalizing a deal before the november 24 deadline. position to a complete the deal in its current state. the takeover was originally agreed to in 2019, but the cocoronavirurus pandemic has impacted both companies. the frerench group was also askd by francis foreign minister to dedefer completing the d deal do a u.s. t threat of tariffs on importofof luxury gogos. in s switching to electric vehicles, the cars will be f fuy electrtric in europe a and north americica by 2030 and globally y 2040. they w will help save half a llllion nsns of carbonon emissions. taking a ride like this can amid 40% more carbon compared to driving your own car. the right healing app -- ride-hailing h happ wants to change this. to reduce our environmental impact. and today, we are committing to work with cities to build back better together and tackle the climate crisis more resolutely than ever before. reporter: uber has planned to remove

tiffany's share price is plummeting. it is down 10%. tiffany sales are getting hit. 29% in the latest quarter. this comes at a time the luxury retail market, the regular retail market is struggling. seeing bankruptcies across the board from neiman marcus, lord & taylor, brooks brothers, all filing for bankruptcy in 2020 alone. gap said it could not pay rent for the 2500 stores across the united states. the situation now according to boston consulting group since we're talking about luxury we should see sales fall 25 to 45% in 2020. it could take three years to recoup. nonetheless this deal, falling through. lvmh is not buying tiffany. ashley: all right. kristina, thank you very much. let's take a quit look at ups, announcing that they will hire over 100,000 seasonal employees as they gear up for the holiday season, all the online shopping. ups also noting that more than a third of past seasonal employees had gone on to land permanent jobs with the company. that is a good deal. >>> coming up president trump courting suburban voters with his hard-line law and order mes

the agreement also states that trump's $100,000 child support payments for tiffany would cease if tiffany got a full-time job or enlisted in the military. ms. maples agreed to these terms with the hope that trump would renegotiate a better deal in five years. he reportedly signed a legal document that would end child support payments to his youngest daughter specifically if she joined the military. and per mary trump's book that came out this summer, that tracks pretty perfectly with family discussion over him threatening to disown his oldest son if he joined the military as well. and that history, of course, is, you know, uncomfortable alongside the president's constant efforts to associate himself with the military and wanting military parades held in his honor and all the rest of it. but it's also just -- it's also just a little bit strange, right, just as a human thing to do. i mean parents of course worry about the safety of their son or daughter if their son or daughter is going to sign up for the military and might end up going off to war. we all understand that. but we all also un

first of all, of course, we were talking about this earlier, jim, when we were talking about tiffanyere talking about tiktok and the u.s. government's role here i am told the president is -- and this is people who are familiar with what is going on right now -- that will make a dt 24 to 36 hours we should know whether or not this deal under which oracle would at least become the web hoster of tiktok's data in the u.s., and a lot more we should know whether that, in fact, will take place in the next 24 to 36 hours. it's unclear, remember it was reported the owner of tiktok would hold a majority. the president indicated yesterday that was not something he should potentially comfortable. the journal reported that won't be the case. i don't have great visibility on where that stands. so what it is exactly the president is going to make a decision on. it appears one has said we're okay with this it is included as well that oracle will have all access to the source code. in other words, at least be able to see it all to the algorithm and things of that nature. so they will be able to -- ag