Economic data. That is it from australia. Economists are betting on no change from india. This is after the gdp group grew faster than expected. Coming in at 7. 4 in the first quarter. Lets get a quick check on the Market Action or lack of it. As far as china or shanghai goes. Managed to they finish the morning session. Hang t 65 for the 1. 65 for the hang seng. Emily i am emily chang and you are watching bloomberg west. Cyber monday sales surge. Target, Neiman Marcus, and even paypal. Amazon air raids. A new droneveal prototype for the 30 minute delivery service. 30 billionbehind worth of start up. First, in what is shaping up to be a recordbreaking day for Online Shopping, sales are expected at 3 billion, capping off a massive Holiday Weekend. Consumer spending 8 billion online. At one point this morning, targets website was overwhelmed by demand and shoppers were greeted with this message, apologizing for delays. At the surge also impacting paypal. Over the weekend, Neiman Marcus, i
Court today. Accused of killing three people, including a police officer. Those are your first word stories. More at bloomberg. Com. I am emily chang. This is bloomberg west. Coming up, cyber monday sales surge. Targeting Neiman Marcus and even paypal. Plus, amazon reveals a new drone prototype for its planned 30minute Delivery Service and here is the man behind 30 billion startups. First, what is shaping up to be a recordbreaking day for Online Shopping. Sales this cyber monday expected event hit 3 billion, capping weekend,sive Holiday Consumer spending 8 billion online. This morning, targets website was overwhelmed by demand and shoppers were greeted with this message, apologizing for delays. At the impacting paypal. Neiman marcus, its website crashed twice and was down almost all friday. Joining us now, shannon pettypiece, our correspondent. Ontributor i was one of the shoppers who tried to buy something from Neiman Marcus on friday. I did not go back. Break it down for us. What wen
Early 2008 dropping to 326,000. The average of new claims over the past month fell by a smaller 4,500, the lowest level in ten weeks. David and the top floor auto sellers in the country posted double digit yearoveryear gains amid continued demand for trucks. General motors led the pack with a 16 percent increase in sales. Liz its going to cost more to put gasoline in the engines of those. Take a look at crude rallying nearly 3 today on increased optimism about future Energy Demand following better than expected economic data, specifically manufacturing data in the form of the ism. Prices rose 2. 86 settling at 107. 89 a barrel. David and billionaire carl icahn has filed a lawsuit to try to block dell from setting a new record date ahead of the crucial shareholder vote tomorrow. Icahn included a list of demands including that the ceo and his affiliates be prevented from voting any shares brought after february 5th. Liz more details on u. S. Manufacturing, the highest level in nearly two
The expectation of warmer weather across much of the u. S. Means less usage of natural gas, particularly in the Northern Midwest and we were going to get snow tomorrow under an inch. David and we are seeing weakness the Department Store stocks. Macys and nordstroms underperforming in that particular sector. Liz how about some jewelry for the holidays. A rough year, but today it is making a huge push to get consumers to buy diamonds and fine jewelry. President and ceo Harvey Cantor here live to tell us what those deals are including a huge giveaway theyre doing and how we are doing and what kind of a halo effect theyre having on the giveaway. David and economic advisors warning middleclass tax rates to rise and failing to catch could cause consumers to spend 200 million less than they normally would next year. Coming up chairman of the president s council of economic advisors joining us to talk about the fiscal cliff and whether we will go over it. Liz do not miss it. But first what dro
Operator: Good day and thank you for standing by. Welcome to the Q1 2024 Destination XL Group Incorporated Earnings Call. At this time, all participants are in a listen-only mode.