more than 90% of chinese clothing imported to the us is subject to tariffs and abercrombie has now let's turn to the us, where we'll get an idea later said it expects the trade war to cost it $6 million this year. but the firm, which has been selling clothes since 1892 and which counts theodore roosevelt and amelia earhart are among those it's dressed, says lately it's been reducing its reliance on chinese production. while last year a quarter of all abercrombie stock was made in china the figure is expected to drop below a fifth in 2019. when the company delivers its latest results on tuesday investors will be watching for any further impacts of the trade war as well as signs of a slowdown at its teenage label hollister. we will keep an eye on all of that. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is 0li barrett, co—founder of entrepreneurship campaign startup britain. lovely to see you again. black friday on friday, many out there discussing the bargains, we are being enticed by e—mails, and the guardian newspaper

later for oversight doubled their lead by talking has about this time the belgian making it to neil abercrombie it's fair to assume klinsmann had been hoping for a smooth a comeback. ashraf like amy applying the bonus has on making an awkward chunks look easy but have to wouldn't go down without a fight i will rewarded for that determination in the 34th minute by let me agree to having the deficit could a courageous comeback for klinsmann and help them be on the cards today looking back here with the initial shots the czech matilda with a crucial touch the 1st off produced yet more drama when much hummels received a 2nd yellow card on the stroke of half time dortmund down to 10 have to started brightly in the 2nd period marco cruz's teeing up davie said ok to make it to a piece by but the celebrations were misplaced would. the goal was ruled out for the slightest of offsides. rouge each with a golden john shortly before the end. but it wasn't to be klinsmann picking up where on tape job it slipped off another loss for the boys in blue. the autumn basie to match the way the scene played today th

for abercrombie and beyond, -- >> safari offer -- >> cyber monday, mark the calendar for that. airfare, there's a lot of international airfare deals for cyber monday so everywhere from beijing to south africa to costa rica, we saw that last year end probably again this year. cyber monday is like the day people know foreclosing and there are good deals for the 25, 35% off the entire site but you can get on nordstrom's, this is a great time to buy gifts. >> smart home devices? >> yes, you're going to see cyber monday, they are extending all the way out. next nest, alexa, still good. >> tell me the things not to buy. choice? >> if you want a hot holiday toy, you should have bought it a while ago. they are discounted closer to the holiday speak because they don't want them sitting on the shelves in january. >> furniture, don't buy that but tell me about tb. you see your busters. >> traditionally black friday has been the tv day. might see tv deals but they are not generally as good as black friday. >> great ideas. you can read more about financially savvy gifts online and don't for

companies reporting earnings include abercrombie & fitch, burlington, guess, best buy, dick's sporting goods, and the dollar tree. stocks rallied yesterday led by rising optimism about u.s.-china trade talks. the dow soared 190. the s&p added 23, the nasdaq rallied 112. >>> house speaker nancy pelosi says democrats are within range of reaching a trade deal with canada and mexico. pelosi has insisted on changes to the united states-mexico-canada agreement. that's the white house's replacement for nafta. pelosi has lobbied for improved labor and environmental standards. president trump and republicans have pushed her to draw up a vote to ratify the deal by the end of the year. pelosi said democrats need to see progress, quote, in writing from the trade representative for final review. >>> ebay has entered a definitive agreement to sell stub hub to ticket seller via gogo, rival. they announced the all-cash deal yesterday. it expects to sell hundreds of thousands of tickets each day across more than 70 countries. the sale is scheduled to close in the first quarter of 2020. >>> mcdonald's h

we have breaking news on abercrombie & fitch. let's get to lauren simonetti with the numbers. lauren: stock down, a double miss. earnings per share 23-cents, misses by a penny. the stock just turned higher. revenue did miss also, came in at $863.5 million. let's split the screen and take a look at dick's sporting goods. this stock is soaring right now in the premarket. it was a double beat, 52-cents a share. the estimate was 38-cents. that a big beat, stock up 8%. $1.96 billion in the quarter, also better than expected. they raised their full year guidance, their same store sales grew 6%. they're doing well with the premium brands, the nike exclusive sneakers and yeezy line. dollar tree, this is a mixed report. revenue better than expected at $5.75 billion. slightly better than expected. but they had a miss on the bottom line at $1.08 a share versus $1.13. investors not liking that, stock down 3 and a third percent. back to you. maria: thank you so much. we'll watch retail this morning. our top story this half hour is merger mania, $70 billion worth of deals announced around t

then i go over and start to hang out in the malls and see what abercrombie and aeropostal. 155 million people will go out and shop over the next five days during black friday and into cyber-monday. a lot of people. liz: i'm all about the gucci outlet. >> take me with you. i need a handbag. liz: great to see you. rest up ahead of black friday. crazy woman. >>> up next, the woman who has taught hundreds of fortune 500 companies how to be againgenderd is here to talk about the apple card controversy and how companies need to stop, drop and roll when it comes to gender bias in artificial intelligence. "the claman countdown" will be right back. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money

abercrombie & fitch, american eagle and urban all dropping we're going shopping for opportunity. but first all quiet on the western front. market hit all him record high different story in china where doubts are growing that a trade deal will get done any time soon cnbc first broke this story. we go to beijing for the very latest >> reporter: it does appear as though there's growing pessimism within the government here that a deal can be reached this year. a government source familiar with the trade talks told me people here were troubled when president trump about a week ago had suggested that there was no agreement on phasing out tariffs. that's a very important point to beijing. he said the chinese side felt they had an agreement in principle. now there continues to be disagreement over some of the basic points in the deal for example, the u.s. has been pushing the chinese to have specific targets for agricultural purchase. he said the chinese have been resisting at least in part because they are getting push back from other trading partners and don't want to be seen as aliena

abercrombie & fitch and macy's, l brands, everyone down anywhere from 2% to 5%. >>> a healthy jump for planet fitness as the workout club chain reported an earnings beat. the company also raising its full year forecast. same store sales are back on track. the planet fitness stock is jumping, about 10%. a nice move for that company. >>> let's get to monster beverage, showing some real energy at this hour. it sold more of its namesake drinks overseas. it also issued a share repurchase plan for up to $500 million. up call that 3%, it just changed before our eyes. stock looking good at $58.30. but off the intraday high for the session. >>> lower mortgage rates, i know you guys love to hear about this. that does translate at least this time around into higher home sales, which means gains for online realtor zillow. investors focused on zillow's revenue more than doubling in the quarter versus the net loss that widened from the year before. that stock is jumping 12%. >>> all right. happening right now, as we mentioned, president trump kicking off the launch of his black voters for trump coal

former sears chairman and ceo, former abercrombie & fitch executive chairman and former chicago fed chairman arthur martinez his take on the retail biz, amazon, the consumer, the u.s. economy, all of those when "worldwide exchange" is back righafr ist teth listening and observing are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people. >>> a live shot of new york city right now. 5:54 a.m. eastern time time for your executive recap, the headlines in 60 seconds. >>> google says it's fired four employees for allegedly sharing sensitive information on the company. if a memo sent to workers yesterday, the company says it made the move after investigations concluded the employees made clear and repeated violations of google's data security polic

fitchso had abercrombie & rounding out here. comp sales zero. we were expecting 0.1% increase. they did miss on the bottom line, with only about 0.20 three cents of earnings -- with only about zero dollars $.23 -- with only about $0.23 earnings. do you care that optimism -- do you carry optimism into 2020 strategy? analysts are weighing in. >>>> our outlook has gotten better. >> now that we are stabilizing, there's more positives within the stuff that matters to markets. >> the overall growth outlook for the global economy is relatively stable, but we don't share the near-term optimism of the imf. >> today we are sitting in a place where the risks are significant, and not reflected in the valuations. >> this downdraft is probably behind us. the economy is going to be a bit more sluggish. earnings are going to be weak -ish. >> equities will be in underperformer. >> we are still going to be locked in a trade war with tariffs, which potentially means higher yield and an economy that is slower. . what is bothering me is i don't necessarily see this big re-acceleration. >> stocks ar

best buy, dick's, dollar tree, abercrombie among the retailers reporting today. >> and ford challenging tesla to a apples to apples tug of war between pickups and elon musk says bring it on >>> three major indices saw record closes, top trade negotiators from the u.s. and china holding a phone call earlier this morning the two sides continue to work toward a phase one trade agreement. trade rep lighthizer, mnuchin, both participated in that call and both sides agree to remain in contact over remaining issues on twitter, you said the phone call last night was very important in terms of furthering a deal >> yeah. it is real i've been skeptical. this was a real call phase one probably happens financial services get opened up president may believe that intellectual property is for real that instead of just a soybean buy, a promise to -- they would respect intellectual property. do i feel they respect it? that's irrelevant. this was a major breakthrough. the financial services to win, even the casino stocks people involved in the casinos were integral. this is a very major change. major chan

news around retailers have drug a lot of people down urban, l brands, abercrombie, chicos, all the apparel makers weak we saw 3m down, united technology, caterpillar down again not that badly overall if you take a look at some of these names. really, banks have been dropping on yields for two weeks now and yet down today with jp morgan and goldman sachs. modest declines, considering the fact that we really do not have any visibility on the outcome of trade talks at all everybody seems to be moving toward phase one, i call it, where the hope is at least no more tariffs december 15th maybe the market will be happy about that. >> bob, thanks so much for that. liz, what's your overall takeaway from retailers? >> we got mixed earnings numbers, obviously all the positivity that continues to go on still relies on the consumer. i think it will be more of a challenging holiday season, not only because it's shorter but because if we don't get a trade deal the consumer will be a bit nervous on the sentiment side. retail numbers, they can literally change on a dime i think it's good we got some green

on the downside, abercrombie and filch on that retail side of things we'll watch those shares as well and what you are hearing right there is the closing bell on this friday for this holiday shortened black friday trading day. now, here is that closing bell >>> welcome to the closing bell, everyone. >> i'm contessa brewer in for sara today along with mike santelli. >> let's check in where the markets closed down 0.4% for the s&p 500. the dow and the nasdaq down a little bit more than that. quite steady selling during that final hour of the session. just off the lows at the close but the dow still down just more than 100 points. all sectors on the s&p were lower. but as we said earlier in the show, we were of course at record highs when wednesday's session finished just 48 hours ago. >> joining us to talk about the market day now, lindsey bell chief investment strategist and liz dunn, founder and ceo of pro-forma. still with us, mike, here we are black friday last trading day of the month. is this the way we're going to start a santa claus rally so to speak? >> it's hard to know if we

disappointing levels of inventory in the department stores, the specialty stores, urban's reporting today, abercrombie, american eagle, all the teen retailers missing and what we're seeing is that target, which reports this week, strong investment in inventory. walmart, same thing. same, costco, bj's. >>> the off-price leaders that aaron and a steve forbes mentioned. so the retailer was the lowest prices have the most inventory. talking to debbie in chicago today, she said you don't want to go to a store that's low on inventory. she was reporting a 73-year-old woman taking what she bought and hit over the head and robbed of all her stuff. it's a combination of safety, people moving to amazon and online and people not going to the retailers that haven't invested in inventory and the winners have the women leaders, and have the best inventory and are the most societyaly conscientious and that's where you'll see green friday and a lot of green quarters for many years ahead. >> steve moore here. thanks for the anil civile anal. you sound bullish on the retail sector which is music to my ears. i'm going to

chinese goods should they go into full force during the course of this quarter next up we have shares of abercrombie & fitch. the teen apparel retailer is down a percent roughly 130,000 shares of volume after it posted worst than expected profit, sales and sales growth at established store locations. the so-called same store sales were better at the flag ship stores they said tariffs would dampen profits this quarter as well thesharesare off a percent we'll end on a big up side move here premarket shares of dick's up 11% on over 450,000 shares of volume the sporting goods retailer reported better than expected sales growth driven in part by a 13% growth rate in its online sales and by the way, guys, ecommerce made up 13% of sales in that third quarter. those shares up about 12% premarket. back over to you. >> dom, thanks let's bring in our market panel. joining us is christian mumani and mike santoli, cnbc's senior markets commentator. it's not december yet, santoli >> no. >> another two or three weeks of a christmas rally if it were to happen, and i'm not saying it will, but the default every morni