Percent. Shanghai stocks down by close to 1 a decline of more than nine tenths in europe there have been some green arrows the dax is up by. 2 the cac is up by a quarter percentage points. Stocks up in italy, spain and london crude oil prices which ended last week just shy of 59 a barrel, check this out right now, down by about 44 cents. Still, wti trading above 58 at 58. 51 a barrel. Now this morning the big news of the day. Publisher meredith buying time, inc. , for2. 8 billion thats the price meredith will pay 18. 50 for time, inc. It publishes wellknown magazines such as time, peopl people. Meredith received 650 million a lot of people raising questions about what this means. Raising 650 million in backing from the billionaire Koch Brothers, charles and david koch are widely known for supporting conservative causes. They say the magazine business is a good investment in the press release koch industry says it will not have any seat on merediths board and will have no influence or e
Squawk alley. Im Carl Quintanilla with john fortt. Retails are stories once again, with Online Shopping soaring to a record 5. 3 billion on black friday alone cyber monday is set to possibly become the biggest internet shopping day in history. For more on that we send it out to our Courtney Reagan whos at Amazon Warehouse in robbinsville, new jersey hi again, court. Good morning to you, carl cyber monday has always been a really big day for amazon, but now that they have the prime day, they are going to have to beat their own record in order for it to be the biggest day of the year for amazon. You can see were in this Fulfillment Center in new jersey and its just one of 75 of amazons Fulfillment Centers like this in the country here it covers a million square feet there are 14 miles of conveyer belts running 24 7 thousands of both human employees, as well as robots fulfilling those cyber monday orders last year amazon said 64 million items were ordered on its website. They are not givi
Well hear from one of the women who says she was abused and the buzz feed reporter who broke the story. Plus, a big engagement announcement from Kensington Palace this morning. Prince harry and american actress Meghan Markle are engaged. Well look at what the couple has planned for their big day. We begin with a look at todays eye opener, your world in 90 seconds. Im not going to make any excuses. I am embarrassed and ashamed. Senator al franken breaks his silence. Franken returns to work on capitol hill after addressing Sexual Harassment allegations. Franken says he has no plans to resign. Congressman john conyers stepping down as ranking democrat on the House Judiciary Committee amid accusations of Sexual Harassment and workplace abuse. John conyers is an icon in our country. Hes done a great deal to protect women. Prince harry announces he is engaged to american actress manager Meghan Markle. Congratulations from all of us. A suspect pulled out a fake gun and the officer fired. A vo
Has made it at the top of my board. 10,000. Jonathan im not an idiot and i am not trying to call the top. Alix it will be a topic of conversation. David there are some things going on inside the business emma chandra is here with first word news. Emma it is the Biggest Online shopping day of the year in the u. S. Ecommerce is expected to rise almost 17 from the year ago to 6. 6 billion. Online spending across the Holiday Season is projected to rise 11 , the most ever. Germany is edging closer to getting a new government. Chancellor Angela Merkel has began negotiating with the social democrats over a potential partnership. She says any Coalition Partner would have to support a balanced budget and probusiness policies. And there will be Royal Wedding bells in the u. K. Next spring. Prince harry is engaged to american actress meghan markle. The announcement came when his father, prince charles, puts him fifth in line for the british throne. Global news, 24 hours a day, powered by over 270
It has been make sense to me. Matt as bitcoin surges, suddenly everybody is paying attention. It seems to me at all to be outlawed. The business or any socially useful function. I think it is more likely these digital coins move into the mainstream. Bitcoin is undoubtedly a bubble it is not for me, but there are a lot of things that were not for me in the past it worked out very well. Matt that is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began in the midst of the years most critical days for u. S. Retail. The Pivotal Moment between black friday and cyber monday. We are passed black friday, and the cyber monday and everybody wants to get a scorecard on how retailers are doing. For brickandmortar and ecommerce. We look at the last 10 days before the holiday. That would be thanksgiving and black f