From adobe consumers spent 7400000000 online yesterday buying goods online the figures were up by 1200000000 from the previous black friday in 2018 but as we sit in the warm glow of us capitalisms favorite day of the year things are things are not as warm and cheery as they see me here in corporate in the corporate states of america you see a new report out of Cornell Law School has found that since way back in the year 1990 yes 1990 the year Kevin Mccallister was left at home for christmas we have sway back then 63 percent of the production and nonsupervisory jobs created over the past 30 years have been in low wage and low our positions and that in the past 3 decades the us economy has become increasingly dependent on jobs that offer fewer hours of work at lower relative wages my friends the that these are the jobs like the 15000000. 00 leisure and hospitality nonmanagement jobs that pay maybe 0 out of 360. 00 a week or one of the 13500000. 00 retail jobs that bring home an average o
Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he w
Discuss this big online spending of black friday and the u. S. Economy based on you know low paying jobs i guess is the host of our team room buzz pretty always a pleasure so why are we seeing signs 19 that in detail today why are we seeing such low wage job creation here in the u. S. This is not a new story this has been consistent and something that weve been saying every single month in every single monthly job report every single month in the trump has bragged that we have more jobs than ever employment is at an all time high unemployment is at an all time low weve been saying that every single month but what we really dissect is the in the employment or unemployment job report that we get every single month we found that the quality is not there and exactly what you said is low pay wages and low folie jobs are predominately the 5. 00 main factor the Main Driving Force and that includes everything from everything the Hospitality Industry to the food and beverages to even some of th
We start with the u. S. Senate bill aimed at supporting hong kong protesters. Ministry said in a statement that it blatantly interferes in Hong Kong Affairs and other china internal affairs. Bloombergs great at china editor karen leigh, walk us through what happened. Karen this follows chinas line telling the u. S. To back off when it comes to hong kong. The into options that it could take. Sees a bit hong kong of a more normal daytoday after many days off, and a standoff between protesters and police is coming slowly to an end. Looking ahead towards district elections on sunday. Should the government delay or postpone them, that could lead to more protests, so all eyes sickly turn to next weekend. Eyes basically turn to next weekend. Alix thank you. Bloombergs matt miller joins us from frankfurt. Walk us through the highlights of the report. This twice a year, as you said. They think this is a part of the responsibility they have for setting Monetary Policy, to also point out the risk
Stories. We begin with ongoing protests in hong kong. President trump signed a bill backing protesters. This pump to china to threaten retaliation against the u. S. As it nears a phase one trade deal. The chinese spokesman saying u. S. Stopsuggest the sticking obstinately to its course or china will take resolute countermeasures. Where does this leave them in that phase one trade deal . Reporter it is very interesting because for several days, weve had the chutneys threatening nonspecific countermeasures, but there havent really got into any detail. The most weve had is the suggestion they might put a ban on those who drafted the bill from entering china or hong kong, which is a pretty lowkey response. The fact that we had several days of this without any suggestions without any specifics suggests beijing is grappling with how to handle this. It is clear the u. S. Once a trade deal done very soon. The chinese want a trade deal done as soon as possible. They dont want to bring in tensio