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
And that was hed asked you about mindless austerity, mindless sequestration cuts, ndless which was both in your written testimony and your spoken testimony. Do you really mindean mindless or was that a misspeak . What i mean by that is we sspea should look to make smart cuts hould in programs that arent working. It doesnt say smart. It says mindless. The implication of mindless is that it t applies a kind of across the board one size fits all approach to cutting spending as opposed to what i think were trying to do in our budget, which is to be much mortar getted. Fair enough. But i guess the point the chairman was getting at is given that bob woodward wrote about it and he says it was the brain child of jack lew in the white house. Was the president not smart in offering that proposal . I think the history was it was something that was thought to be so bad that it would neverd neve go into effect. So i dont think anybody at the time thought it was a smart strategy for reducing our bud
Test test test test test test test test test test test test test test test test test test test test test test test. That weve seen substantial improvement. The thing that they want to see get better is they want their wages to grow. And that is the key focus of middle class economics. Thats what this budget focuses on. It helps their paychecks go further in the short run by helping them pay for child care send kids to college for retirement and it helps create the jobs of the future and make sure families are ready to take those jobs with training and other investments. Director, are those surveys of politicians or surveys of real American Workers . Those are all surveys of the American People. Thank you very much. Now, is it accurate to say that the debt has increased under both parties over the past 15 years . That is correct. Thats correct. Both parties. Yes. So as a result i think that over this period, weve seen Interest Payments increase under leadership from both sides of the ai
Good morning. Central banks on center stage. The boj announcing that its keeping policy unchanged. Up next, we have decisions from the ecb and the boe. Plus, were still trying to rise above. Well see. President obama and republican senators break bread and discuss solutions to the nations fiscal crisis. And another day and another record and close. The dow and the s p 500 are now starting squawk box. Its thursday, march 7th, 2013. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen. Andrew ross sorkin is in new york today covering the warden economic summit. Andrew has a number of great guests who are lined up with him. Well have more from him in just a moment. Also todays lineup. But fist, the mornings top stories. The bank of japan keeping Monetary Policy unchanged today. That is as expected. The bank of Japan Holding its fire to wait for new leaders who are expected to shift bolder measures. Policymakers are revived softens. And the yen