and when they sell again they could get it back on mastercard. >> so like ethereum as my mastercard. >> you have a bunch of partnership programs where you do that. if you if you would go to a coffee shop, and you want to pay crypto and that is not happening. but we're getting ready, we are technically ready for it. >> there is a business away from crypto that is large >> sure the digital euro come, we are ready for it. we have said whichever way the crypto eco-system needs to be served as long as there is regulatory compliance, mastercard is not just about card. >> and we have to wrap up and mention how many stores and people so we know what we're talking about here. >> you're talking 211 countries and territories, 3 billion people and 80 million merchants. true scale. >> and i like true scale and honesty and transparency and mastercard thank you very much. a terrific analyst day everybody could read about it. 73 pages and it is not hard. stay with cramer there is a landfill in the ocean. bring your visit to outdated montepisa! our sights will take your breathing away. our food will

what can retailers expect to see what we will talk to mastercard what we will talk to mastercard steve sadov there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind. i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva,

what we will talk to mastercard steve sadov i had a lot of pain. as far as my physical health, my body was telling me you got to do something. and so i came to clearchoice. your mouth is the gateway to your body. joe's treatment plan was replacing the teeth with dental implants from clearchoice. [ joe ] clearchoice has changed my life for the better. it's given me my health back. there's an amazing life out there if you do something for your health now. if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel. maria: that the demand for goods. supply chain crisis causing major product shortages. how will they fear the season compared to last. joining me senior advisor and mastercard former sac ceo steve sadove. it is great to see you again, thank you very much fo

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joining me senior advisor and mastercard former sac ceo steve sadove. it is great to see you again, thank you very much for joining me. give us the retail climate this year. >> i think we have a very strong retail environment for the holiday season. the consumer as you said has money in their pockets, their shopping and the retailers are in the seller's position because there's a lack of inventory in the supply chain problem and discounts on blowers and margins are up on a broader base is if you look at third-quarter earnings. i'm looking at a mastercard forecast of a 7.5% growth in the holiday season, 10% in the thanksgiving week. a very strong black friday. it's a good season for retail. maria: what about the inflation component you have price hikes and a number of items from food to apparel and beyond certainly oil and gas 50% of your over year. is that going to cut into these plans. >> that's factored into the numbers if you look at thanksgiving week forecast of 10% encompassed within that is the accommodation of the supply chain cost increases whic

mastercard did that. paypal, mm-hmm, but it could do it on monday then broden looks for buy triggers and they are exponential moving cross overs and for swing trade she likes to zoom in and use a 15 or 30 minute chart it is pretty granular. and then watch the eight period, and the 34 period moving average and wait for the shorter one to kroos over the longer one. she used a short-term chart because it could pick up buy trickers much more quickly than a daily chart but broden said you could wait for the eight day exponential moving average to break above the 13 average on the daily chart. but that is slower than it you drill down to a half hour chart. there are a couple of caveats here one, if paypal or mastercard breaks down below the key support levels, broden said you have to bail you may think that is high buy and sell low but technical analysis is all about identifying trends so when the trend you want breaks down, you're done you gotta go second caveat, this is not a great environment for fin tech wh

senior advisor at mastercard, former saks ceo steve sadove. it is great to see you again, thank you very much for joining me. give us your senses of the retail climate this year. >> i think we have a very strong retail environment for the holiday season. the consumer as you said hasea money in their pockets, their shopping in the retailers are in the sellers position because there's a lack of inventory byou and large and the supply chain problem, discounts are but were in margins are ups if you lookig for the third quarter earnings. i'm looking at a mastercard forecast of a 7.5% growth in the holiday season, 10% during the thanksgiving week, a very strong black friday. it's a good season for retails. maria: what about the inflation component, do you price hikes, a number of items from food to apparel and beyond, certainly oil and gas up 50% year-over-year, is that going to cut into any of these plans? >> i think that factored into the numbers if you look at the holiday inc. giving week forecast encompassed within that is the accommodation of t

well, mastercard has the same issue. so what they're saying is, rather than even worrying about that, let's just plan for the inevitable because it is inevitable. the, the cdc, the central bank backed federal reserve backed digital dollar and that's on the really put all of our money behind. but what's really interesting about that to me is that mastercard is preparing the way a meaning. mastercard is helping to actually drive forward the creation of that c, b, d. c. even though the federal reserve says, we'll see if it ever happens, it will definitely happen from boom bus. ben swan, thank you so much for clarity on that story. the other after the united states pentagon abandon plans where it's 10 year 10000000000 dollar jet cloud computing contract earlier this year, google is reportedly preparing to bid for its replacement, the head of google parent company alphabets, cloud division, met with pentagon officials earlier this week to discuss why the company would be a good fit for the contract, according to people famili

well, mastercard has the same issue. so what they're saying is, rather than even worrying about that, let's just plan for the inevitable because it is inevitable. the, the cdc, the central bank backed federal reserve backed digital dollar and that's on the really put all of our money behind. but what's really interesting about that to me is that mastercard is preparing the way a meaning. mastercard is helping to actually drive forward the creation of that c, b, d. c. even though the federal reserve says, we'll see if it ever happens, it will definitely happen from boom bus. ben swan, thank you so much for clarity on that story. the other after the united states pentagon abandon plans where it's 10 year 10000000000 dollar jet cloud computing contract earlier this year, google is reportedly preparing a bid for its replacement, the head of google parent company alphabets, cloud division, met with pentagon officials earlier this week to discuss why the company would be a good fit for the contract, according to people familia

well, mastercard has the same issue. so what they're saying is, rather than even worrying about that, let's just plan for the inevitable because it is inevitable. the, the cdc, the central bank backed federal reserve backed digital dollar. and that's, i'm going to put all of our money behind. but what's really interesting about that to me is that mastercard is preparing the what a mean mastercard is helping to actually drive forward the creation of that cdc, even though the federal reserve says we'll see if it ever happens, it will definitely happen. boom bus been swan. thank you so much for clarity on that story. you got it. and after the united states pentagon abandon plans where it's 10 year 10000000000 dollar jet cloud computing contract earlier this year, google is reportedly preparing a bid for its replacement. the head of google parent company, alphabet, cloud division met with pentagon officials earlier this week to discuss why the company would be a good fit for the contract, according to people familiar with th

dan, what are you thinking >> yeah, it's not just mastercard and visa. look at paypal we have been talking it's down 19% of the year. those two stocks, visa and mastercard down about 10% this those are comcombined. throw in how square acted today and you say, something is going on here. i don't know what it is but something bad is not, we don't know what it is yet. the s&p is up 24% of the year. a lot of these other banks, they act really well here i don't know you guys tell me what's going on these not dips i feel like we're ready to buy yet >> do you think it's all the same they are different companies maybe paypal has a host of other issues with the skepticism surrounding the proposed basic acquisition that happened. >> yeah, there's a couple of different things you have when mastercard and visa and american express are under tremendous pressure from fintech. their fees will go down. we know that on the long term basis, it's not a great business model when you talk about paypal and square, those are you fin tech competitors and they still aren't doing

here it is visa and mastercard, it is airbus and boeing. there's no other place to go also, you know, 80% of the world's population has never been on an airplane. it is nice to think of a market like that that's still wide open, and, again, in three years it could be gangbusters again. >> you raised visa, so let's spend a moment on that one, which we are showing it on screen it is another one of your picks here that one i might argue with you that there's no competition. you know, you have seen what is going on with buy now, pay later. obviously crypto, the bitcoin network. even in europe where they're building their own payment system starting with peer-to-peer doesn't it mean there's new rifl rivals that never existed and that's why retailers are pushing back to lower fees >> i think so. obviously you are see in amazon is the latest example of pushing back on fees in the united kingdom. first of all, i would take it as a great tribute to amazon and investors should take note, wow, we have a customer big enough to singly pushback against v

we don't change instantly but we change over time visa and mastercard and paypal, even global payments -- it is not like there is an incredibly large moat in buy now pay later that they can't get involved in currently. paypal is already doing it and the other companies could get involved as well i think they could be part of the ecosystem, have the legacy component and grow in the mid teens rage the next five years i am frankly skeptical of pi now pay later. i think it feels faddish to me whatever it is certainly something to be considered here today. of these four sort of legacy companies, is there one or are there two that you like best now? >> yeah, i mean, we have always really liked a if you look in the outyears, the valuation has come down to where it has been in the past. relative to the market it is getting to near a discount, which never happens for a. we really like that one, from a value perspective and the most potential for kind of rebound opportunity thank that's global payments i mean if you look at valuation now, we are at sub14 times it is a sub -- zero point -- there

matter at all my charitable trust owes mastercard and we're doing everything i thought the payments group was good it has gotten very competitive i have to have it under review for the club if only just for these are the greatest names on earth for five years maybe there are just too many of them got to do more work. >> i wonder your take, when i look at payments right now in fintech, i think that there is a group of companies some public some not yet that really bear more attention one is bill.com, these companies working with small and medium business on rethinking, redoing the way they do payment. avalara is another one working on tax and compliance. you go into the startup world. companies like gusto working on back office kind of putting together the packages of not only back office loan but also payments type capabilities to allow businesses to accelerate faster i'm not sure that the paypals of the world and even the squares of the world are always dominating all of those trends and there is some interesting growth stories there that are taking flight. what do you think? >> yo

his heritage at sex fix avenue and now senior advisor at mastercard. i've never seen an essay like you wrote for mastercard of the bang up year. you wrote back and do a compare and contrast, not with the pandemic, but with 2019 reaching out to the guesstimates of this holiday season, dicey retail up 12% after auto and gas taken out, and i see what lisa cares about, bobbles and beads up 40%. explain the two year arc we see in retail. steve: it is a healthy consumer and it looks like a very strong thanks having, black friday, and holiday season. if you look at it versus 2019, we are seeing real recovery in the consumer. we are looking at growth in the double-digit range, 12% versus pre-pandemic levels. department stores, apparel, luxury, accessories, all doing extremely well. the consumer is back. what we are seeing is good margins with retailers, we are seeing the consumer have a lot of money in their pockets, this is across the high end as well as the low end. tom: you have lived inflation at saks fifth avenue that directly infected every floor of the

mastercard is down i can do the math. people are looking at valuation. if karen's dog allowed her to speak for a couple seconds, i think she would have reiterated that i don't think you run too far from these stocks. papa paypal at these levels is interesting. >> the dog doesn't care about visa, mastercard or paypal he is saying get the food. >> i will get him at the break >> don't worry about it. or put your phone on the qr code on the screen. >>> coming up -- analysts turning bullish on a call and gearing up for william sonoma earnings moowtorr when did we last say that? probably never >>> a bit of a kill on roku after being downgraded tim, your take >> any time they say something, we all listen. they are very shrewd and usually are looking a step or two ahead. [ poor audio ] -- will be falling 17% or so a stock that has a valuation and trades on multiple valuations and they downgraded that, too. it is a function of the dynamic between the existing and declining business model and how roku may need to be monetizes these streaming. we are in a post covi

. >> why mastercard? you know, i could go real deep right now on the payments and the issues there, especially maybe for visa, but is there an obvious reason that one jumps out to you >> yeah. people should really take a look on cnbc.com about what you have written about visa because you went pretty deep on your thoughts about visa. i think mastercard is a position stock that i think is going to be able to pivot in this so-called new economy or really remote financial services. you know, they're a network, they're a duoply, i think they will be fine i think they have been nimble in how they've been handling things and they will be able to adapt to a quicker orld. >> that seems to be the view you see it pomgpping up a littl more than visa these days. what about google, return of advertising travel and the rest of the but it is up 64% year-to-date >> it is up 64% year-to-date, but i think it is still a company that is very, very well position they're not in the kind of problems meta has right now, at least

this will help the company gain market share from traditional giants such as visa and mastercard and we saw earlier this week amazon announcing visa and the uk and the proprietor will be affirm and now and in the future. larry: that is a big statement we know that these got hit on that news because if you don't have the amazon opportunities, then that is a huge lost chance. do you really think that perhaps mastercard could be a beneficiary as well because that's what amazon is pushing toward versus the firm. the buy now pay later issue is becoming an opportunity more so than ever. >> we think were moving out of traditional such as visa and mastercard into by now later we think black friday will showcase due to supply chain issues. people want to buy now and by big that's why buy now pay later will benefit this black friday. liz: you have a billion in assets under management. where i did another record for the nasdaq, are you still on equities. >> we have been minimizing our exposure and were very big on tech in u.s. we have a lot of money into the solution as we approach year-end. li

kevin o'leary, you bought mastercard >> yeah. this narrative that the credit card companies going out of business will be disrupted by fintech is just ridiculous i don't agree with it. 5% correction. stock only up 3% i bought it because of this. a new card they put out called bilt bilt is the company that put it out but use the mastercard platform the first card that lets you pay your rent with a credit card all those millennials 88 million of them can get their credit scores moved up with this thing. i bought into this and then bought into mastercard which is the platform they're innovating in a new way and i think they'll be the beneficiary of a lot of these new kind of ideas. >> you're still a black card guy. i know you >> this is millennial stock for mill millennials. i'm a millennial now >> there you go. >> you don't look like a millennial, kevin. i'm sorry. >>> we'll take a quick break excuse me, when we come back crypto is getting crushed. bitcoin and ether. ou yshldou buy the drop? look out below we'll discuss next get de

will that change and conflate to a different type of numbers from mastercard? emily: we are very optimistic. -- >> we are very optimistic. singapore's economy has already reached the pre-pandemic level in q3 this year. as people have pent-up demand, a good indicator of pent up demand, that number for singapore is 6% of annual consumer spending. if you have some pent up demand, where do you spend it? travel is the number one thing. as cross-border travel resumes, that is a very exciting opportunity. business travel is probably six months behind. it is coming back. >> perhaps they won't be traveling as much. that could impact business travel. if we look at some studies, they say that 50% of business travel will be dead. >> i think the new normal will not be exactly the same as the pre-pandemic level. that is for sure. i would also argue that if you look at e-commerce, the growth is tremendous. people are doing more things in the digital world. that will really help with the growth. i would say business travel will come to 100% of the pre-pandemic level? i don't k

card ban, it is shifting its -- considering shifting its popular credit card to mastercard in the u.s. we are seeing gains in the european markets of 0.1%. building on the gains of almost 0.2% we saw yesterday. in looking past the modest selloff in the u.s. and asia. asia dragged down by chinese tech stocks. the nikkei bumped on the back of stimulus plans, then it ended slightly lower. the european stoxx 600, gaining 0.1%. germany, gains of 0.2%. the ftse is lower. iron ore prices are lower. wti and brent both below $80 a barrel. let's of a look at sector by sector. financials and focus. metro bank ending the talks with carlyle group. financials will be feeling it as well. at the bottom of the list, energy down. travel and leisure followed by autos at the top of the list. interesting that the auto numbers falling almost 30%. that is the sector look 30 minutes into the trading day here in europe. let's get the bloomberg first word news with laura wright. >> many european governments are adding new restrictions on the unvaccinated as they battle a new wave of covid infections. germany r

past onto others, even though according to bloomberg sources, amazon is considering that switch to mastercard. it comes down to if i have a high rate credit card and have a purchase on amazon.com, in most jurisdictions, amazon covers that cost. amazon says the cost of accepting card payments continues to affect business. amazon trying to play a strong hand on its platform. in other jurisdictions, for example singapore, amazon issues a surcharge. if i'm in singapore and use my credit card as opposed to a debit card, then they would charge me for the right to do so. it is interesting the rules they have left in place. they are basically trying to encourage consumers to make an active change, to move away from u.k.-issued credit cards to cash cards or debit cards, or if they switch away from a debit card completely, they are offering consumers 20 pounds or 27 u.s. dollars off their next transaction if they make that switch today. emily: thanks for breaking that down. moving on to aws, amazon's rapidly growing cloud division that boasts millions of customers around the world. i recently traveled

i'm talking visa, mastercard, square, paypal these are -- you know, like to look at them through these glasses. i can't look at them through rose colored glasses the stocks act horrendously. i think that is going to continue until there is an absolute total shakeout. each time you feel like you're getting a bottom, it turns out they go to lower that is very evidence as mastercard held the analyst day two weeks ago. and square reported what i thought was a solid quarter. it didn't matter you have some truly terrific companies here these are great companies. okay not the companies. but they're in trouble in terms of this stock because they are being competed against by new companies. here i'm talking about companies like affirm. companies like upstart new fin tech and nft. or something that causes bank stops to stop rallying as they go up, these go down the other pattern had been most of the year. remember, technology almost never works when the regular financials are worried payment stocks need long term interest rates to come back down and they need to give you some kind of internal ca

>> mastercard was explosive this week and we think there is a lot more to come >> bonawyn. >> black stone, bx it has done well >> jeff? >> paypal. i think it has been beat up enough >> that does it for us but do not go anywhere "options action" next. >>> every single one of us makes an impact every day we lead. >> to lead by example has never been more urgent >> this is something each one of us can do. >> help shape the future >>> "options >> it's friday time for "options action." here is what is on the big show tonight. >> earnings season may be coming to a close, but there are several big retailers who still have to wrap things up carter worth helps you decide which could be the gift that keeps on giving. then, the land of th

, right now mastercard is down 2.6%. meanwhile the buy now pay later superstar that is partnered with amazon is rising once again by 1% today for $252.77. investors tearing up and turning off roku. the stock down 12% after they cut the rating on the tv streaming platform and slashed its price target by $220 right now 243 and change. simply put, we think along streets revenue earnings estimates are too damn high. analyst cut roku's overall estimate for 2025 by 17%. he said after scrutinizing outlook he says lower video advertising revenue. down 18%, roku is on track for the lowest close in a year. tattooed chef surging by 13% after posting and earnings miss quarterly revenue reached a record high by an increase in tattooed chef branded products. the plant-based food company we should tell you running high at 35%. as we mentioned the president is touring the gm factory 0 in detroit with a chunk of infrastructure money aimed at electrification. how realistic is ceo declaration and gm will not just take on but overtake tesla

mastercard and visa, want to follow-up on the story where amazon is talking about cobranding with mastercard instead of visa, talking about the power these retailers are having against credit card company. let's wrap it up with john deere , finally hitting the deal with the union workers. its biggest gain since november 1, which was last time you thought they were hitting a deal. alix: love the update. west virginia senator joe manchin saying he is not made up his mind on the fed chair jay powell or lyle brainerd, but he did look favorably at jay powell after a chat. annmarie hordern is at the white house. is this normal? joe manchin talking to jay powell, etc.? annmarie: it is normal the fed chair or governor would go to congress and meet with senators and lawmakers. what is interesting about this joe manchin/jay powell meeting is in august 5 senator manchin set a letter to chair powell saying we should not over prescribe the patient, the patient being the u.s. economy coming out of a once-in-a-lifetime pandemic that needed incredible help of monetary support. now he is saying that inflatio

. >>> let's look at shares of visa and mastercard again lower on the day mastercard took a jump higher on reports that amazon is no longer going to work with visa in the uk it has affected the dow. visa is now down 7%. that sent the dow down more than 200 points, they are down 224 right now. >>> still ahead, a metaverse match. nvidia seems to be on the forefront of the shift to the metaverse with its chips houring vr but how rostng is the competition from amd we are back in two what's strong with me? what's strong with me? what's strong with me? what's strong with me? with me! with me! what's strong with me? with me! with me. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. one of the men accused of murdersing ahmaud arbery is on the stand. travis mcmichael garnered the shotgun that killed arbery he started his testimony with questions about his training with guns and also talked about his concern about crime in the neighborhood d

mastercard and amx also getting slammed on some of the same concerns. >> yeah. all at a time when we thought that the opening across border travel would be good news for some of those legacy names kate, pretty fascinating thank you, kate rooney. >>> one article making the rounds on twitter and inbox takes a look at what the ft calls the tesla financial complex. author behind it will join us next to explain. "techcheck" is back in a moment. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order. as i observe investors balance risk and reward, i see one element securing portfolios, time after

amex and mastercard down in sympathy part two, growth stocks. mike's talked about it the finteches trade like tech names and selling off for some same reasons fears of rising rates and a rotation from the momentum names to value stocks. square and paypal. some of the biggest pandemic era winners negative for the year and forecasted lower growth. paypal down 19% for the year sofi down after soft bank and spac sponsor sold shares robinhood and a firm caught up in the selloff, as well. guys >> i guess when i don'tyou take a look at the companies is there anything that can really -- what can they say to get people interested in them >> for the longest times these are the people controlling the pipes and supposed to be the ones to benefit no matter what happens if consumers do what they do. why the negativity what fixes them? >> some are the biggest investors in fintech they have a venture arm for the early stage fintech. to say we'll do more r&d and invest more. kelly, they are really seen as the payment rails. bitcoin was built to get around that t

compartimos además de carne que la aplicación que es gratis >>>la señora baraja recibe una tarjeta de mastercard, cuando trató de usar les dijeron que no había fondos por eso llamamos a telemundo, nos cuentan su caso >>> pasaron años desde que se la vieron, no se imagino que por no activar la incurriría cuotas que la dejarían en cero. hoy repasamos lo que toda persona debe saberse comprar recibe una tarjeta de regalo sobre todo en las fiestas >>> marta barajas, trabaja como voluntario y por su dedicación en 2018 que dieron una tarjeta >>> nos reunimos para ver y sacar a mis hijos hacer la droga, es así como conocía estos padres que el agradecimiento de mi cumpleaños me dieron una tarjeta >>> la tarjeta de 100 dólares pero se re perdió >>> cuando la encontré es injusto >>> cuando lo quiso usar no tenía saldo >>> me sentí frustrada porque como va ser una tarjeta nueva que no se usó y no tenía dinero >>> a llamar al número de informaron que las cuotas en actividad consumieron sus fondos indignada llamó para saber si era real tras revisar corroboramos que tienen preso la parte tras

and visa for a while we just added to our mastercard to position, along with our capital one financials so even though we've seen the yield curve flatten a little bit with the outlook we have on the consumer we think those are all going to be strong names for the next couple of quarters. >> we love it. visa, cvs a new name there as well so what are you moving around if you're adding those, are you trimming anywhere? >> we are trimming, and that's the key word we're not selling out of names completely so where we trimmed, some of the secular growth names, microsoft, amazon, we're not getting rid of them, like i said, and they had good earnings so we're able to trim those names an interesting one is hasbro as well that we trimmed it's been 7.5% the last month we know the supply chain issues that are happening for a lot of these companies. so we took advantage of that and trimmed a little bit of that name as well >> the grinch trade there ahead of christmas excuse me, trimming a toy maker here >> trimming. >> we love trimming. we love the specific ideas from a macro perspective, you got th

. >>> as we mentioned, mastercard data shows in store sales soaring this black friday compared to last year. but as more people head to malls across the country, businesses say they're struggling to hire workers to keep up with demand christi kri kristina partsinevelos has more. >> reporter: 'tis is season for holiday shopping this mall has been open since 6:00 a.m. and it is jam packed at the moment. retailers are still facing a labor crunch just in the month of october alone, there was 940,000 seasonal job postings. that's a record we haven't seen in almost ten years. but when you talk about seasonal job hiring, that's actually declined 9% in october compared to last year at that time. what we are seeing in this mall is signs all across store fronts for hire retailers are still desperate to entice new employees to work these frontlines >> retailers are really pulling out all the stops to try to get people to come in and start working. so, they're offering these incentives like a $5$500 sign-on bonus. >> but the workers just aren't looking. employment is down 21% compared to 2019 pre-

de la cadena de suministros, dice que el tráfico del cliente aumentó más desde el año pasado y según mastercard las ventas aumentaron un 30 por ciento, sin embargo por primera vez en casi una década las ventas disminuyeron comparado al año pasado y nissan planea gastar más de 17,000 millones durante los próximos 5 años en vehículos eléctricos y agregar modelos nuevos, dice que 9 de estos vehículos serán operados solamente con baterías y serán híbridos y automóviles con motores eléctricos que están equipados por un pequeño motor de gas para recargar la batería mientras conduce, nissan aspira que los carros eléctricos generen el 40 por ciento para el 2030 >>> revisamos las condiciones del tráfico, saludos, un poco más cargada especialmente en el norte, con buenas condiciones, siga conduciendo así con calma y paciencia, vamos a ver otra cámara y es precisamenteel puente de la bahía. como se mantiene concurrido a esta hora muy buena visibilidad en la región, la línea costera ya comienza a llegar con esta capa de nubosidad que está generando estas nubes densas. demos de la

mastercard spending expects retail sales in store and online will grow 10% over last year, 12.2% compared to thanksgiving week 2019. mastercard senior adviser tells me this forecast does take into account inflation and inventory shortages due to the supply chain congestion black friday sales, just that day isolated, looking to increase upwards of 20% over last year. shoppers are expected to return to stores to snap up doorbusters, reverting to black friday from thanksgiving again this year with many stores choosing to stay closed on thanksgiving so what's old is new again many retailers closing on thanksgiving so that the pandemic accelerated when no vaccines were yet available and, of course, that's not the case anymore. stores are still kind of reverting back to what they had done before. it seems it's working for both shoppers and for many employees. so e-commerce sales are expected to grow just 7.1% compared to thanksgiving week 2020 when so many shoppers shopped from the safety of their homes. compared to nonpandemic thanksgiving week, 2019, however, e-commerce will be more than 50%

with fin tech busts, and while we're buying paypal for the travel trust, can i tell you something, mastercard, the recent action is a humble reminder that you can't afford to get cocky about a segment, a sector, that it always seemed to be hot, for years and years and years, it's now gone cold. second example, we're seeing the beginnings of a war in the electric vehicle space this could be better for selling. we were lucid earlier this week. now, though, ford has announced it's doubling the electric vehicle capacity, and it will have the chips to ramp up production, at the same time, we just learned that apple wants a piece of the pie, too. nobody has the brand name that can be with apple, except tesla. when you see competition exploding all over the place with rich players, guys are loaded, you got to bet the gross margins are going to come down for the entire industry, and no longer just going to make money and do well because they're not unionized. huh-uh that's the sell off. third, have you seen the gambling stocks lately try not to they're being crushed. they are just being annihilated a

and mastercard and visa data up 10%, i would take a look at pay poll it got nailed. it was down 35% from the all-time highs in the summer. it had two consecutive disappointing quarters. it feels like it is holding it is a accident play into the back friday, cyber monday, whatever the heck it is, it seems like it is washed out here still a little expensive but maybe there is a lot of negative sentiment in the name right now. >> paypal down about 9% year-to-date our next guest does question whether retail stocks will see benefits from richard bernstein advisers, thank you dan. talk us through where you see the consumer and how you believe that will or will not play into the retail stocks? >> well thanks, courtney you know, i would say i'm pretty mixed on the group overall i mean, at rba, we look at profits, liquidity sentiment i think there are some good things an bad things overall as mentioned, consumer still has a lot of money to spend and they will spend it into the holiday season so the numbers that these companies are going to put up are probably pretty good but

mastercard is tracking retail sales across all payment types. card, cash and check. the company sed sales today are up more than 12% over the last year. online sales up 5%. compared to last year. more people appear to be hitting stores today. in store sales up 40%. this year. vs. last year. >> speaking of your money. it feels like everything cost more these days. because of supply chain issues or just inflation. there are some things that managed to dodge inflation and cost less than they did 20 years ago. >> even though the inflation has gone up 56% since 2001, the price of domestic airline ticket has dropped 19%. >> find out why airline prices have dropped and what other items cost less now. >> take a look at the flames. large brush fire in san jose breaking out over night near o tool circle. near the onramp for 880. investigators this was near a homeless encampment. fire crews had a tough time due to water supply issues. the fire burned about an acre. still unclear as to how it started. >> fire destroyed a building under construction in pittsburg. it happened this

and mastercard say numbers indicate retail sales are up nearly 30% from 2020 clothes, toys, electronics among the items in highest demand. >> closing out a year where consumers have been spending, we know that consumers are in a fairly good place when it comes to their household balance sheets, when it comes to their income. >> reporter: retail experts also note th biggest online shopping day of the year is still yet to come it is on monday. cyber monday, when consumers are expected to spend between 10 and $11 billion. >> we, consumers, have lot of spending power and they're bringing all of that to the holiday season as they look to splurge on ou family and friends >> and katie joins us from atlanta how did in store crowds yesterday compare to prepandemic levels >> reporter: jose, crowds were up 48% this year over last. but that's because last year, a lot of shoppers stayed home due to pandemic fears and because retailers ha reduced hours. even though we're seeing the uptick this year, the numbers are still significantly smaller than in 2019 before the pandemic. jose >> katie beck in at

both visa and rival mastercard have raised fees on transactions between the u.k. and the european union since brexit, although both amazon and visa say brexit is not the main reason for the current dispute. an increasing number of millennials in china are rightly giving up their office jobs and moving out the cities -- moving out of the cities to work at farmers. nicholas rushford has the details. reporter: she had a promising career in marketing in shanghai, working with companies such as l'oreal, and sports retailer decathlon. which he found life in the big city clashed with her interest in hobbies. above all, she wanted to be closer to nature. she now sells organic pesticide and fertilizer with like-minded friends on the outskirts of the city. >> what do you really want? what kind of person do you want to be? what are your beliefs and goals? these questions are totally lacking in our generation's education. i needed to spend time doing my own during, because if i didn't, i would spend each day try to make money, like a robot. i don't want to be a robot. reporte

i've spend a lot of time with mastercard of late mastercard has shelved, but not as bad as paypal paypal has been obliterated. if they needed to by pin tres, people set they have slowed down >> square today, a three-week low. >> i know. i know i think this is push come to shove, affirm, a very small company, just been the buy now/pay later, it's like credit. >> we've been talking about that does it represent a threat to the traditional players? >> max is trying to disrupt the credit card industry, absolutely, but people don't seem to understand visa and mastercard about going from paper to plaster maybe makes thinking they go from paper to buy now/pay later, but several people have not even graduated out of the cash market yet. when you look at affirm, i mean, come on. if you haven't bought it yet, what's the point, right? hey, let's go buy affirm you wake up and say, let's let's buy some ford. >> great ped how ford outmaneuvered gm for the rivian stake. >> it could be worth $10 billion. >> the moment it goes public, that would be a very warm reception. >> do you want the numbers i alrea

mastercard and all kinds of payment. online sales up about 5% compared to last area. more people appear to be heading back to brick and mortar stores. in store sales are up 40% this area versus last area. >> we're learning more about the covid pill that could be used to treat covid patients. drug maker merck is walking it back and saying the pill is not as effective as previously reported. the most reason study shows the bright red pill can reduce hospitalizations and death by 30%. while encouraging, that's down there 50% reported last month. and they are concerned that the safety of the pill during pregnancy. advisers will meet tuesday and vote whether to recommend it to high risk patients. >>> let's take you live now to sfo. holiday travelers have set a new record. tsa says 2.3 million people passed through security check points nationwide wednesday. that's the most since april 2020. and the day before thanksgiving one of the busiest travel days of the year along with after the holiday. >> christmas in the park in down san francisco is back packed with people. the l

mastercard and all kinds of payment. online sales up about 5% compared to last area. more people appear to be heading back to brick and mortar stores. in store sales are up 40% this area versus last area. >> we're learning more about the covid pill that could be used to treat covid patients. drug maker merck is walking it back and saying the pill is not as effective as previously reported. the most reason study shows the bright red pill can reduce hospitalizations and death by 30%. while encouraging, that's dow r. concerned that the safety of the pill during pregnancy. advisers will meet tuesday and vote whether to recommend it to high risk patients. >>> let's take you live now to sfo. holiday travelers have set a new record. tsa says 2.3 million people passed through security check points nationwide wednesday. that's the most since april 2020. and the day before thanksgiving one of the busiest travel days of the year along with after the holiday. >> christmas in the park in down san francisco is back packed with people. the lighting of the christmas tree, the officia

whereas mastercard and visa have been massive beneficiaries of anything and everything throughout that process. they've got a huge valuation, i would argue. >> over the banks. i think, interestingly - >> but suddenly people flip from no longer being a beneficiary of all things, you could really turn overnight >> and to think about no longer having pricing power and no longer having real durability of the fee structure because that's what's also get agtacked by the merger >> and who has the leverage. when we talk about kind of the disrupters in this space, amazon partnership with affirm, some of these buy-now-pay-later trends seem to be kind of creeping into the incumbent space. how do you play this >> so, i actually sold mastercard i think i had been holding it for seven or eight years because i am so concerned that there is about to be a sea change in the way we pay for things in favor of buy now pay later if you look at countries where buy now pay later was able to leapfrog the generation getting credit cards, you see that they are never going back the other way. why on earth would p

first snow, the season has fallen in beijing and this is mastercard. this brought it is a system that left what 5 to 10 centimeters typically throughout this area. it's not particularly unusual, which is a good site to see. the temperatures had dipped below normal, but they will recover the whole system. pushing rain east was the korean peninsula . then the answer q she. coker weston hon. shoes, snow at the head, only. you'll notice it is subsidiary, duleigh baton but beijing 3 will recover. now that cold air has spread all way down through china, hong kong, seen a drop by about 6 degrees out about should be now. so low humidity and generally sunny fine weather but a little bit cold with his average in that's true for beijing, but you'll notice it is slowly creeping up. dropping south of that and you follow with that cold air has gone to in the junction with what sitting here already means rain for viet nam may be cambodia as well. lots so much and result. and then for the sas, a massive if they were willing to the rainy season, nathan said iraq in par

visa and mastercard have interconnected the world for companies that want to accept cards. there is a lot of growth there. emily: we will keep watching, david gardner, founder and ceo of marqeta. coming up, a call to action to save the planet. we will speak to the chair about his new book and what he believes is the path out of the climate crisis. let's take a look at shares of bumble, raising its revenue forecast for the rest of the year, a sign that the easing of pandemic restrictions has brought enthusiasm for matchmaking. we will find out when the ceo joins us right here thursday. this is bloomberg. ♪ emily: as we near the end of cop 26 and glasgow much as been said about what we need to do to address climate change urgently, and one of the most promising trends is the unprecedented shift of corporate financial decisions from fossil fuel to clean energy. venture capitalists john doerr as been leading the movement since 2006 and his new book shows how we can -- wonderful to have you back on the show. your daughter inspired you to write this book. what did you say that

s. 2 others are active at the moment with maybe the most active as this is mastercard. that's an area of low pressure is been giving heavy rain to florida, south carolina, particularly in charleston. very high tides because you got the wind added to it. that's just going up through north carolina. then we'll probably go off shore and take the weather with it, leaving behind still chilled required to weather on the pacific coast. it's rain or snow depending on whether in the cascades or whether you're on the coast, which is not unusual. that'll spread some rain further south into a california in the middle. it's just cold, not specially so if anything happens to rise, a toronto is warming up a little. and his dry texas and quite warm in houston 25. there's a lot of persistent shout sandstorms. they've been around for a while, they're still there and the bahamas going down towards the turks and keiko's through the east side of cuba, jamaica i'm ticky honduras, and the character that seasonally known, but again, it's stuck. it's given the potential for flooding, moved down