Of course, the jobs number next week. We begin with good, not a great. Thats how one group is describing black friday retail sales. Live checks from malls across the country. Plus, a lawsuit against Sumner Redstone making some shocking allegations. Well have more on what that means for viacom and cbs and their response. And Vladimir Putin saying he will cooperate more with the terror fight in syria, but the war of words between russia and turkey continues. First up, though, black friday has arrivinged, one of the biggest shopping days of the year. Good but not a great from Customer Growth partners. Also seeing an increased trend of shoppers earlier with retailers opening the night before. The nrf says 22 of consumers expect to shop on thanksgiving day, up from 18 last year. Out of the stores, adobe predicts a record 1. 7 billion spent online. 3 billion on monday. In fact, theres a sense that because so much of the shopping, guys, has shifted to online, essentially customers wait for mo
The banks are trying to keep employees from quitting. U. S. Special Operation Forces raided a location inside syria the summer, but foley and other hostages had already been moved. Of our top stories, bank of america is prepared to announce a 17 billion settlement to settle invalid overions investigations the improper sale of mortgage bonds prior to the crash. This will definitely be the biggest. Jpmorgan paid 13 billion late last year. Citigroup paid 7 billion last month. Bank of america is paying the biggest settlement so far based the mortgage related acquisitions. Merrill lynch had a hand in this. Inc. Of america acquired Merrill Lynch in the dark days bank of america acquired Merrill Lynch and the dark days of 2008. Forthey being penalized that now . A lot of it has to do with countrywide, the largest some prime subprime mortgage issuer. Countrywides stock was declining and it looked like it was a good deal of the time. Merrill lynch had a lot of mortgage bonds on its Balance Shee
Als. Also the big differences between the two companies and the roles, or lack thereof, in sparking social change. The future of mobile payments is up in the air. A new report that ebay may spin off paypal next year. This after amazon launched a new payment product. From square to paypal to amazon, who will the big winner in payments be . Ill ask. Lead story of the day, hp chairman and Ceo Meg Whitman says the Silicon Valley legend has become stronger through the adversity they faced in the ongoing turnaround. But the job is far from over. In his third quarter, hp posted the first Quarterly Sales growth since 2011, fueled by 12 gain in the pc units of the division supposed to be key to hp prosecutor Like Services and printers, software, saw sluggish sales. Hp stock continues to rise. Many asany cutting as 50,000 jobs. What is really going on . Cory johnson is with me in the studio. And our Bloomberg Intelligence researcher is with us from new york. We spoke yesterday. You said this was
Climate change. All Major Economies to be ambitious. All countries developing and across theo work divide for a strong Global Climate agreement next year. Next up for the president , he praised memoirs reforms. Theublicans race was too close to call last week. A runoff in louisiana next month in that last seat. The big settlement in that investigation, regulators in the u. S. And the u. K. And switzerland have ordered five bank to pay more than 3 billion. The banks include ubs, citigroup, royal bank of scotland, and hbc. Ubs will pay the biggest penalties of all, a total of 800 million, and more fines may be underway. The u. S. Office of the comptroller may announce today. Dow chemical may be moving raising itsdow is orderly dividend to . 42, a 5 this. Also reducing its buyback two 5 billion to nine and a half billion dollars. It was said earlier this year do dow should spin off to improve profits. Marissa mayer has another Marketing Tool for yahoo . She makes one of the biggest deals
Quick top Global Business stories of the morning. Mario draghi said he wants to raise inflation as fast as he can. It looks like he has some serious work to do. Here he is at a News Conference in frankfurt. Latest projections indicate lower inflation. Accompanied by weaker geo do to do the growth and subdued economics. The ecb cut his forecast for both inflation and gdp growth through 2016. Draghi says the central bank will gauge the need for further stimulus at the start of next year. Russias president Vladimir Putin took aim at the u. S. And European Union today in his annual state of the nation address he says both impose economic sanctions on russia anyway no matter what happened in ukraine. He said their goal is simply to hurt the russian economy. They may have to change the old , posting its 10th straight quarterly loss thanks to falling sales. Sears lost 548 million in the third quarter. The ceo eddie lambert, hedge funds are you near, has been selling and spinning off assets to