Ahead. Im jack otter. We begin what we think are the three most important things investors should be thinking about right now. Big tech acquisitions under scrutiny by the ftc about what it could mean for investors. Mortgage originations are the highest level since 2005 as housing finally back on track . And trouble at bed bath and beyond and under armour shows the turnarounds are hard to pull off. What to expect for other struggling retailers for on the barrons roundtable my colleagues al roots, carlton english, and jack howe. This story was a little underreported and i dont think anyone knows quite what to make of it federal trade commission made a pretty stunning demand to Tech Companies saying we want data going back ten years on all the purchases and acquisitions we did not look into. Thats nearly 500 deals for microsoft google and several others. And when is the right time for investors to panic because weve been talking for a long time about these guys having too much power there
Up well dig into that. Celebrity chef eric ripert joins us live. It is going a big hour ahead but we begin with that massive shakeup in whats called the corporate story of the year. The most important stock in the dow. Boeing firing ceo over the 737 max crisis and poor communication with investors and regulators it cost his job. Removal is effective David Calhoun will take over as ceo in january some might say this is a complete 180 from what 180 and muhlenberg just said last month. From the Vantage Point of our board dennis has done everything right. From the beginning remember dennis didnt create this problem but from the ginger knew that mcas should to be done better. Have you ever satin company and thought you should leave i thought about it. To be frank thats not what is in my character. I dont see running away from a challenge, resigning as a right solution lets bring in our airline repo reporter and our cnbc contributor. Right move by boeing, right timing, overdone, too late a l
All ahead for the session so far. Ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1. 78. Lets get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed Holiday Season, retailers raking in a record 4. 4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. The final trading day of november and stocks pointing to a lower open on this holiday shortened session. Buffett thwarted, the oracle of omahas latest attempt to put his cash hoard to work, outed by by apollo global. We begin with retails busiest day. Courtney reagan is at the Woodbridge Center mall with what to expect this weekend as the Holiday Shopping season officially kicks off hey, court. Reporter good morning, happy thanksgiving to you, morgan. Here were starting to see the second wave of shoppers come out to the mall. They do those early door
Chinas talking tough about trade and sounding as though compromise is possible. Beijing warned it plans to retaliate for new u. S. Tariffs scheduled to take effect next month. China called the tariffs a violation of the accords reached by President Trump and president xi jinping. The Chinese Government said the leaders have kept Communications Going and hope there can be resolution based on equality and mutual respect. Six european nations are hoping to take the 147 migrants stranded on a spanish humanitarian boat off italy. Italy says france, germany, romania, portugal and luxembourg will help. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery im shery ahn. Amanda im amanda lang. Welcome to bloomberg markets. Here are the top stories we are following from around the world. American shoppers boosted spending in july, following fuel for heightened global uncertai
Turn it off, please. Lets see what happened here this weekend. This is the first time this meeting took place without Charlie Munger being here. Before Warren Buffett took to the stage, this was a stage where there was a lot of emotion that came into this here with a standing ovation for charlie at the top. Roll that back down, please. A standing ovation for charlie right at the top of the meeting after a movie that played a halfhour movie, that played his highlights over the years and funny skits they had done and a standing ovation from 40,000 people who were here at the Convention Center. Pretty emotional day. Warren buffett made news. It came out when the companys 10 q hit. People were looking to see it and it trimmed stake in apple by 13 in the quarter. It sold about 116 million shares. A lot of questions as to why and what it means. Apple is still, by far, the largest stock in its portfolio. It makes up 40 of the overall portfolio. Buffett said he was selling because he wanted to