Greece. Our road map begins with retailers hoping that online holiday sales click on this sibler monday. Will they make up for the thanksgiving weekend seeing shoppers spend less than a year ago. Lots of business around amazons Package Delivery via drones. Another month in the books. Well explore whether the trend is likely to continue in december. A number of wall street firms initiate cover of twitter. Well have details on the caller later in the program. First up, welcome to cyber monday, the day that online sales surge following the thanksgiving weekend. Retailers hope that makes up for the Holiday Weekend. The National Retail federation says total spending fell 2. 9 compared to a year ago, the first decline, guys, in seven years. How concerning is it . Well, look. I think that this omnichannel has taken off. I dont classic example. I dont know a lot of people went to the mall. You can say its A Groucho Marx thing. Everyone is there so they dont want to go. I went to amazon. I orde
Expected. Shop more but spend less. Thats the take away from the black friday weekend in the u. S. Those who werent in stores requiring online. Trend retailers hope continues today, cyber monday. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. A warm welcome to december here on Worldwide Exchange. We have data out from the eurozone. Manufacturing pmi in the second estimate has ticked high from the flash. 51. 6. The flash was 51. 3. The output index was up to 32. 1. This was on november data. The new export index, 54. The flash 53. 1. Its driving eurozone activity to accelerate at its fastest pace two years. That growth is still weak. Theres evidence of renewed downturn in france and spain as well as firms cutting staff so france still a big concern for the eurozone economy. Well get more reaction on that in the next five minutes. At the same time, china is rolling out a new ipo plan. A 14 month freeze on new listings. Companies will have to
And im michelle griego. Tis 6 veloping this morn good morning, everyone. Its monday, december 2. Im frank mallicoat. Im michelle griego. Time now 6 00. Developing this morning, two earthquakes shook gilroy overnight. The first was magnitude 2. 5 at 1 35 a. M. Then a stronger quake struck at 2 05. That was magnitude 3. 7. Both were centered about 4 miles southsoutheast of gilroy. We have had no reports of damage or injuries. Im mark kelly live in San Francisco. The Holiday Shopping season is finally here. And fedex expects this to be its busiest day of the year. And crooks are also working overtime on this cyber monday. We have a couple of tips to protect yourself when you do shop online. How about traffic, liz, whats going on . It is all about the fog this morning. Especially over at the bay bridge toll plaza. Lawrence will have more on this but it is impacting the morning commute. In fact, chp issued their own dense fog advisory for the eastern side of the bay bridge. And it looks lik
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehner is scheduled to hold a News Conference about an hour from now. Of course, well bring that to you live. Here
You see. S p couldnt gain here, down eight points. David looking at the negative numbers, imagine what they would be if the fed did not do the money printing. A lot worse than it was today. Could have been worse. Facebook, when the market is in the red, facebook in the green, today is not an exception. Today, a big bump, over 2 bump. Tomorrow, of course, is the third lock up, another 156 million shares of facebook coming online, previous times when thats happened, we saw the stock jump as it did today. Liz right. Everybody expected it to fall, it didnt. Were watching that. When apple falls on iphone estimate cuts, so do the component suppliers, the socalled halo effectings. Sigh works, logic, the biggest losers here, biggest victims, but broadcom taking a hit, their products inside apple as well. David not all the solar stocks doing well. These, in fact, taking a big hit with the exception of solar limit, up almost 5 , but other solar stocks deeply in the red, again, those things are f