It is a monday here in new york city. I am Erik Schatzker. I am Stephanie Ruhle. You are indeed. Butver the weekend, not one two producers celebrated their birthdays and neither one invited eric or i to celebrate. What does that say about the Market Makers team . We are going to begin the show with the top stories from around the world. In hong kong you have probably seen the footage already, thousands of protesters jammed the streets and battle with police. Police used tear gas and pepper spray on these protesters, who are angry about chinas plan to control the 2016 leadership election and what they say is a broken promise when hong kong was returned to the chinese. Ears ago another shakeup at american apparel, the struggling clothing chain. An interim ceo has been named. He has had other in terms jobs for retailers. American apparel is looking for a permanent ceo to replace their ousted ceo. To a persong familiar with the matter Investment Bankers are barred from trading individual s
We have some breaking Economic News on the manufacturing sector. Mike mckee has headlines from the desk. We expected a big drop in the purchasing Managers Index for the month of october. We get a drop, not a big one. We see new orders actually rising to 66 from 65. 8. That was not in anyones real forecast. Employment down just a touch. Interestingly enough prices like oil prices really having it in the impact of their. The dollar has been rising but export orders are up. A really good overall number. Thank you very much. A black mood for retailers on black friday. The National Retail federation says spending tumbled 11 over the weekend julie hyman is here with a rundown of the latest on black friday and what we know about weekend shopping. That was for the entire weekend, that 11 figure. Also some number saying individual spending, per shopper on an average basis, was down 6. 4 . Traffic fell by 4. 5 . There is one caveat we need to take with these numbers. We do not know if they are a
Something to do with the fact that the financial liberalization hadnt yet happened and that that had something to do with the stability of the it surely did. The fact that the stock market kind of went up 15 to 20 a year every year through the 50s even though Economic Performance was kind of lousy and getting worse had something to do with a growing sense the world what kind of reverse to decreases in the risk premiums but no doubt what you are describing is a portion of the story the extent to which one could go back to that in the modern world. I have a question in terms of a Lesson Learned from the last episode in the recession in the u. S. Some would say that a lot of policymakers and attention went to strengthening the Financial Center wall street and there was considerable success there and too little was done to prop up main street cleaning the mortgage voters were underwater and for various reasons that was it took sometimes propel the market to recover. So that explains the im
Blockbuster retail sales in the uk, strongest in a decade. We begin with retail, moving the markets. Luxury outperforming again as tiffany and burberry top estimates. Target slashes its forecast. The good news, sales were not the disaster that some were expecting. Bulls hate it, bears hate it, a pullback in the market. Its a great market if you have a bit longer than half an hour to invest. Plus break out the shopping list. Google revealing it plans to spend billions overseas and the reason for optimism. Jims exclusive with sales force ceo. Why it is the canary in the coal mine. First up, tiffany did report better than expected numbers as profits jumped 50 on strong global sales. The companys raising its guidance for the year. Then theres lowes backing its outlook despite weaker than expected q1 earnings as Severe Weather did hurt the stores. We will talk about target, too. Lets get to tiffany. 97 cents crushes 78 cents. I love this quarter. This is about really all the globe with the
Repairs to the ever sensitive to their material to the us. We ate some of the security of the threat of terrorism. All the mulch did so to all those thousands of angry relatives of hostages of the missing only the islands get to class with lisa looks like tbilisi and empathy in beijing. It took to complete it seems most with a two hundred to two billion people in gold the coombs says that the link leads to keep families in the dark about the investigation. Still less than certain that the flow of the families and ten. These will be. Sydney Theater Company and that the discrepancy. And the dentist gave me incentive to lie. Members. And then stop light. He wants to be able to hold its own. She has none. It seemed there was no different. When the crop season. Mel force such for the missing them easy and claimed to be suspended the plane that was the total to be actively read the text for it. Disbelief as to what they can b describe an old Chinese Media are reporting the reaction to the me