Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
Good cyber monday, welcome to squawk alley. Seema mody, Kayla Tausche, and john ford has the morning off. First story this morning, new records for black friday boding well for cyber monday. According to adobe insights and the nrf, online black friday sales topped 3 billion for the first time ever, a jump of more than 21 compared to last year. Mobile shopping saw its biggest day ever, 1. 2 billion in sales, up 33 from last year. Lets get to our Courtney Reagan live at an Amazon Fulfillment Center in new jersey with more. Good morning again, court. Reporter hi, good morning to you, carl. Amazon hopes today will be another record day. To do it, though, its got to take in more than 23 million items. Thats the number that was ordered last cyber monday, and that was up 40 from the year prior, so will amazon be able to beat its own prime day, which happened in july, and right now wheres the crowd for its biggest day ever . Though black friday did just beat amazons black friday last year, so
So i said, the founder of obviously being sarcastic. Then but not that sarcastic, to be honest with you. Trump was introduced at that rally by Reince Priebus. It is the first time the rnc chairman has joined him on the campaign trail. Hillary clintons widening lead over donald trump in three battleground states. The survey gives secretary clinton a bigger lead in colorado, virginia, and North Carolina. The numbers in colorado, clinton 46 , trump 32 . Clinton 46 to trump 33 in North Carolina clinton 48 trump 39. From new york, im mark crumpton. Emily im emily chang and this is bloomberg west. Lyft hit the brakes on g. M. Plus, the c. E. O. Behind 2015s biggest ipo joins us on the current climate for trading debuts and what he thinks of jack dorsey. Asias massive bet on Virtual Reality. The bulk of the latest funding round came mostly from china and japan. Why asia is buying into vr bigtime. Lyft has turned down a buyout offer from General Motors according to a report from the informatio
Bonds reacting to a soft empire index, the strongest year on year cpi. What does that mean . Our roll back. Two different stories on global volatility and banking. Citi beats but goldman misses. Netflix shares are extending losses after they reported quarterly subscriber growth that came in below expectation. Walmart hit with roll backs. They beat the street on the bottom line for the Third Quarter. Revenue, a bit shy of consensus. Goldman posted a business for q three. In the earnings release, the chairman and ceo said, we experienced lower levels of activity and declining asset prices during the quarter reflecting renewed concerns about Global Economic growth. Once again, guys, trading remains a sticky issue for a lot of the banks, down well into the double digits. Investment banking up six. We will talk to David Solomon later this morning. Investment banking is interesting. You saw debt underwriting overshadow a really sharp drop in Capital Markets. That feeds into the story of ipos
The bulls eye on target as the retailer has its Earnings Report since it suffered a Security Breach during the massive holiday season. U. S. Senate Panel Investigating tax evasion has accused Credit Suisse of using cloak and dagger tactics that belong in a spy novel. It alleges c. S. Bankers made 150 trips to the u. S. Between 2002 and 2000208 orchestrate a large scale tax evasion scheme. Some of the things Credit Suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u. S. Tax laws. The Senate Hearing kicks off late today, shares trading at the bottom, just down just over 3 in trading today. The firm came out to say it considers its insurance policies for wealthy u. S. Citizens to be tax compliant. Credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. The long arm of the u. S. Treasury, by the way good morning, ever