actually does two things for ebay. sortit buys them time to of fix the core marketplace, which is going to take time. they have to come up with a sustainable strategy. this can help fuel profit growth. like increases the impetus on the other assets, scenarios, like classifieds, things like that. structurek at cost for ebay, there is more room for operating expenses to go down. so that is under their control. of fight with the likes amazon and coming next year with facebook also entering the e-commerce market is still we have an answer yet. we're still waiting for a c.e.o. on that end.y but at least this guys them time to drive the profit growth that can. >> and in your years of covering this company, why haven't they keep up with amazon? what has been the biggest head wind for them? >> well, the biggest headwind really has been the muscle memory that amazon has developed among its consumers through prime in many ways. really helped them sort of drive that bus forward and increase loyalty and things like that. so ebay h

coming up, in 2007, ebay paid $210 million. now they are selling the ticket retailer for $4 billion. details on the all-cash deal for stubhub, next. if you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg.com, and in the u.s., on sirius xm. this is bloomberg. ♪ taylor: ebay is selling its ticketing business stubhub to viagogo for $4 billion in cash. ebay bought the company back in 2007 for $310 million. to discuss, leanna baker and jitendra waral. from viagogo's perspective, what are they trying to gain? liana: what they want here is an entry into the u.s. market. the really are paying up about $4 billion but they brought in some investors. it is a homecoming. eric baker, the founder of viagogo, was one of the founders of stubhub. taylor: eric baker has talked a lot about making this a global company. he was excited about reuniting these two. is that really the play here as viagogo gets the u.s. market and stubhub can have a global reach as well? liana: that is the strategy because viagogo is not r

what are the chances of somebody seeing that on ebay? it goes to show that actually, good old paper documents can be lostjust as easily as crypto currency. i love paper documents, personally. have you lost anything of great importance?” have. you can confess it here. what i lose most, i leave my ipad and the seat pocket of the chair in front of me on our plans. i have done that far too many times. have you ever got it back? only once, in switzerland. every other country i have arrived in, i never see it again. in terms of what viewers have lost, we have heard from a fear. we we re lost, we have heard from a fear. we were asking the viewers, what have you lost that has proved to be costly? matthew moss says labour lost the 2010 election and it proved extremely costly, very funny. we have heard from one viewer in australia whose name is angiesfunnyish, that is her twitter handle. she says she has lost her big dignity too many times. very bridgetjones! clive james has sadly passed away at the age of 80, battling with leukaemia. a fantasti

but he left before it sold, rigidly, to ebay -- originally, to ebay. taylor: eric baker has talked a lot about making this a global company. he was excited about reuniting these two. bringing together his global ambitions. is that really the play here as viagogo gets the u.s. market and stubhub can have a global reach as well? liana: that is the strategy because viagogo is not really present in the market here. it is a fragmented industry. there are many competitors, some even trying to bid on the business. the stubhub founders have really gone out and founded a lot of companies going after that market. it is going to be competitive. viagogo coming in with stubhub has a good chance with having a good brand with consumers. ebay was under pressure to sell this so, clearly, it was not fitting in and it was looking for other avenues. taylor: you cover ebay for us, so i want to get your take. a lot of analysts came out and said this deal would be unlocking a lot of value for ebay. what is your analysis? jitendra: it buys them time to fix the core marketplac

ebay has missed out on that opportunity for a while now. once you sort of lose share over there, it is harder to get more than -- it is harder to get mind share more than market share. the opportunity in front of ebay now is to focus on things in front of them like advertising, payments. restructuring, if you look at the valuation for the company, it is reflecting that topline slowdown. beginning to be seen more essay a revenuewth story of growth story. longer-term, the strategy if they focus on verticals, the partnership with the upcoming e-commerce players. they wait and see but, at least for now. i was hearing about 25 times ebit. are there any calls that this may have been an expensive purchase? ebay has been working with goldman sachs for many months to find the highest bidder. it was competitive. different firms really wanted this asset. that really drove the price above $4 billion, which was higher than what we expected. we expected between $3 billion and $4 billion. viagogo had to bring on other investors to fund this because viagog

ebay. shares rising your company selling stubhub to a european rival for $4 billion which will let ebay focus on its main retail site and address pressure from shareholder activists. taylor riggs has more on the story. this is a coming home for stubhub, right? taylor: you are totally right. cofounded stubhub and was sold to ebay. he is now buying back that business for $4 billion. we are hearing some of this is in cash. he has global ambitions for this company. we are hearing it about 25 times ebit but stubhub is a premier consumer brand and what he wants to do is make sure fans can get any ticket for any event anywhere so pushing for global ambition. the key issue is does this solve any of the problems for ebay? year-over-year, you're looking at declining revenue growth and they have just now forecast a drop in that revenue growth for the fourth quarter. all of the activist investors you mentioned, starboard value, elliott management, have said put this under strategic review. let's see if

ebay is stelling stub hub. in total, four big deals, $56 billion in deals announced just today. there's a common thread. first lower rates to take out debt to fund these acquisitions. third, the prospect of an elizabeth warren presidency. that's enough for a reason for some of these companies to put money to work now versus later we're looking at the s&p at a new high the dow back above 28,000. back to you. >> thank you very much today's merger helping to fuel the record rally but could the euphoria be a sign of a top? our next guest doesn't think so. he's bullish on the market saying despite the ris factors investors must underline boelds face stay in the market or they will miss the next leg of the rally. john is ceo and fund manager where he has $25 billion in assets under management. congratulations on a good run. john was ringing the bell today or something >> tomorrow we'll be bringing the bell for one of our funds. >> that's fantastic. let's talk about the market and why you think it can go higher from these highs >> if you look apt tt the econos really strong. we had a s

jack: am vonn does this, ebay does this, why would someone want to work with you? >> whether it's amazon, ebay or any of the vertical-specific marketplaces, what they're effectively doing is they're representing customers to these brands. it is their customers they are saying to you you can use them if you want, but at a certain point, tough pay for them, or if we actually want to compete with you, you can't have those customers anymore. we believe independent businesses are much better, and consumers are demanding they want to buy directly, so we think that while marketplace may be a great place to access a different audience, fuldly entrepreneurs large and small, they want to have a direct relationship with the end consumer, and that's what shopify does. jack: one of the interesting things to me as i look at the economy right now, obviously, disruption is a huge part of it. but you are disrupting the disrupters, amazon, e -- ebay, and helping the old line mom and pop retailers. your founder said that he was arming the rebels. so can you explain that analogy, and

and we also talked about ebay and stub hub, looking at ebay shares, see if they're benefitting from that $4 billion deal to sell stub hub. >> how about the fact that so many acquiring stocks are going up that bodes very well for the remainder of the year or -- >> i think we might, you know, people seem to be working. couple more announcements before the end of the year. >> anything big in banking you're hearing >> no. >> i'm here. >> can we talk after give me a little bit of a sense of what you're talking about >> we haven't gotten to the slew of upgrades. nvidia is one of them. >> this is important i spoke with jensen huang last week he's doing a simulation, putting a man on the moon. with 25,000 miles a minute, got to break that -- >> mars? >> mars. going to mars. going to mars. he's downing a simulation where -- he has chips that can put it together. a lot of people talking about his voice, artificial intelligence chips there also is a gaming chip that is very good i think lisa sue from amd is talking about tremendous gaming chips. intel, big booster, intel having so much trouble, mak

amazon and ebay are accused of offering

i put our run-down on ebay for the shows. melissa: nobody bought it? connell: no. ♪. each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. cme group - i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's

and ebay will buy stubhub. >>> remember this awkward moment during tesla's cyber truck reveal? the unbreakable glass on the electric truck broke. over the weekend, elon musk offered an explanation. before one of the designers threw the steel ball. he had hit the truck with a hammer. should have done steel ball on window, then sledgehammer the door. next time. >> remember that for next time. >>> a man who broke into a rochester, new york, home, picked the wrong grandmother. 82-year-old willie murphy was getting ready for bed last thursday night when someone was pounding on her door an urging her to call an ambulance for him. >> i heard a loud noise. i'm saying to myself, what the heck is that? a young man is in my home. i'm alone and i'm old. but i'm tough. i took that table and i went to working on him. and the table broke. i had really did a number on that man. >> she's 5 feet tall and 105 pounds. she squirted the intruder with shampoo and whacked him with a broom. she's an award-winning bodybuilder that works out almost every, single day. she doesn't plan to press charges aga

jack: am vonn does this, ebay does this, why would someone want to work with you? >> whether it's amazon, ebay or any of the vertical-specific marketplaces, what they're effectively doing is they're representing customers to these brands. it is their customers they are saying to you you can use them if you want, but at a certain point, tough pay for them, or if we actually want to compete with you, you can't have those customers anymore. we believe independent businesses are much better, and consumers are demanding they want to buy directly, so we think that while marketplace may be a great place to access a different audience, fuldly entrepreneurs large and small, they want to have a direct relationship with the end consumer, and that's what shopify does. jack: one of the interesting things to me as i look at the economy right now, obviously, disruption is a huge part of it. but you are disrupting the disrupters, amazon, e -- ebay, and helping the old line mom and pop retailers. your founder said that he was arming the rebels. so can you explain that analogy, and

. ♪ taylor: amazon and ebay are fending off reports that some products sold on their website have high mercury levels. the items in question are skin lightening creams. activist groups including the sierra club purchased 158 of these types of products from amazon and ebay market places in 12 countries including united states and found 60% were contaminated by mercury. some of the products have been flagged by the fda. an amazon spokeswoman said the product are prohibited and are no longer available. ebay in an emailed statement said it is reviewing the report to make sure it is removing any contaminated product. now, predicting the weather is a challenge no matter where you are in the world. to get ahead, one company is turning to supercomputers. i spoke to the ceo of the weather company, a subsidiary of ibm. cameron clayton told us the new technology will give faster and more precise forecasts and will cover the whole planet. >> we just launched a global high-resolution weather model the first of its kind in the , world. we built it because we have seen this divide. it is like the dig

so what was dangerous about the toys you flagged on amazon and ebay? we found almost 20 toy listings across amazon and ebay that had identical or near identical altruistic to products that were banned. these are products such as toy slides which are common in playgrounds and classrooms which are toxic levels of chemicals in there. but also a transformers helmet which could damage a child's earrings. these were strongly suggested to be dangerous and amazon and ebay took them off their sites. but it took you to do that. both amazon and ebay say consumer safety is their priority is what is going wrong here? we would say we made the czechs amazon and ebay can easily make themselves and make sure these products should be there. these are packaging, branding that was identical to those databases and they should be making... their and safety checks are not working. they remove these listings down but there isa no on remove these listings down but there is a no on these marketplaces to ensure that unsafe products to make it onto their sites but also if they ar

amazon and ebay are accused of offering unsafe products. critics say some cosmetics have dangerous levels of mercury. china prepares for its biggest ipo since 2015. it may not be plain sailing as investors lose their taste for mainland stock. paul: let's check how we are treating right now. australia's asx has just come online. we are looking flat at the moment. we have the staggered open. we will see how things unfold. new zealand has been treating for a couple of hours. currently higher by four tens of 1%. no change for the nikkei futures. s&p futures becoming as well. we have had some encouraging news today regarding the usmca. beingas if that bill is pushed through as the thanksgiving holiday approaches in the u.s. out of have the poll britain that shows boris johnson's conservative party on trunk to secure a majority in december's election. let's get the first word news. su: we are going to star in the u.k.. sterling strengthened as the u.k. poll suggested the conservative party may when a comfortable majority. the survey of 50,000 vot

clearly, for ebay to sell something, they must think that perhaps it doesn't fit their business model and this does, they paid 300 million. it feels like a very frothy price. viagogo wants to be the dominant player in this market and that is why it is paying a premium. we shall keep an eye on how they behave as it we re keep an eye on how they behave as it were in terms of some of the issues. we can't go further into that right 110w we can't go further into that right now but we shall see you a little later. there has been so many deals going on in the world of business. just this week alone take a look at oui’ just this week alone take a look at our website on the business pages to see some of those deals that have been announced in the last two days. australian police searching for a missing british man since saturday have found a body. it hasn't been formally identified, but it's believed to be 25—year—old aslan king who disappeared after suffering a suspected seizure during a camping trip in victoria. investigators will now prepare a report for the coroner. the world anti—

the closely—guarded script for the new star wars movie under his bed and that it ended up for sale on ebay. that was after he moved and it was left behind. so we'd like to know have you ever lost anything important or valuable? president trump has signed a bill into law in support of pro—democracy protesters in hong kong. under the new act, the us will have to be satisfied that hong kong retains sufficient autonomy before it agrees favourable trading terms. the hong kong government said the legislation would send a wrong signal to the protesters. china described it as a gross interference in its internal affairs. our correspondent nick beake is in hong kong. nick, i would nick, iwould imagined nick, i would imagined that the pro—democracy protesters are very happy about this move in the united states. sally, they are absolutely ecstatic this morning. they see this as the best possible thanks giving present that dot —— president ontong could have given them. they say this isa could have given them. they say this is a vindication of their campaign for the last five months —— pres

and china, the dow rose 190 basis points and the s&p gained 23 and the nasdaq adde far, fary to ebay. that's right j.j. abrams reveals the script from the rise of sky walker. an actor left a stray script under their bed where it was stolen and put up for auction. luckily a disney employee saw the ebay listing and got it back before it sold abrams also revealed the new "star wars" will run 2 hours 21 minutes making it the second longest movie in the franchise >> a manhunt is underway in germany for a pair of thieves police say broke into the world reknowned green vault in dresden. they were caught on surveillance video. they smashed their way through a glass case and made off with an unknown amount of priceless jewels and rubies. here's nbc's kelly cobiella. >> reporter: in a matter of minutes, police say thieves broke in a security camera capturing two of them before dawn with flashlights in the jewel room, pulling out an axe, hacking their way through display cases, holding nearly 100 sparkling artifacts. getting away with diamond broaches, an ornate sword. officials say they can't p

an actual script for the upcoming new "star wars" movie "the rise of skywalker" wound up on ebay. one of the actors left the script under his or her bed and was left by someone cleaning the room. disney was able to dodge a disaster when a staffer saw the script on ebay and bought it before they could be sold. >> j.j. abrams would not reveal who the actor was but said i would really like to. >>> let's look at cnn business this morning. look at markets around the world. narrowly mixed. the futures are turned up -- they're not even moving. that's directionless, kaitlan. stocks closed record highs on monday. china signaled it is going to tighten intellectual property protections. that would seal up a trade deal. the nasdaq had a better day. tech stocks led this up 1.3%. lvmh confirmed it will buy tiffany for $16.2 billion. charles schwab agreed to buy t.d. ameritrade. and ebay sold stub hub to viagogo, for $4 billion. >>> the best story you're going to see this morning, a man who broke into a rochester, new york, home picked the wrong grandmother. 82-year-old willie murphy was getting

chorro estado con uno mÉxico, kansas y entra un ebay sea 24 aÑos y suelten el celu r celular. >>> van manejando con la cabeza abajo porque llevan un telÉfono. >>> el mensaje p casa, gracia m acompaÑarnos. (mÚsica( compadre, buenas noches vamos a discutir quiÉn es el nuevo campeÓn de la proxima liguilla del fÚtbol mexicano. >>> >>> veamos la actuaciÓn del amor mvp jackson. la parecÍa de los ravens a los rams y los goles de la copa mundial de la fifa >>> hoy nos acompaÑa jessica y el nuevo campeÓn de exatlon, alberto medina ya comienza titulares y mÁs. let's go vÁmonos.

its market capitalism with billions but they don't want tohe be ebay. they wanted the rocket ships to send people to mars and be part of that and build its like a dome inside of seattle. part of the insanity needs to be baked into some of this. maybe you have to be a little crazy or optimistic. but i think that this is again the whole book talking about the downside of a lot of this stuff and i think particularly for right now we are seeing a reckoning around the limits of that mentality, like purely worshiping founders and progress in the name of progress that only positive it's just not true. there are downsides and we should think about them. >> why don't we open up for some audience questions i think i see microphones in the middle of the aisle if any of you would like to come and share a question. i certainly have more if you don't. eluting to the issue that you made earlier about what is it take to build what you call a great company come and it's more of a cultural question. and i think that this is something of a society we should ask and i'm ju

you could buy an account for as little as $3 on ebay. two things to mention before we end of the end of this half hour. next is the weekly dose of break that cast tv. and have it mention this if you want extra information to the stories we cover an outside source you can ask is on the bbc news website, if you don't have the bbc news app on your smartphone met with to put that read what you've got an android or apple you can download it very easily. it's got a huge amount of background information on all the stories we cover. good evening. it's that time of day that we take a look at some of the interesting weather happening around the world. first off to north america and we had to winter storms affecting the weather for thanksgiving, the first one here on the satellite is now gradually clearing out into the atlantic towards the east, but we've got another low—pressure system that's been working in from the west. and through friday that's going to bring heavy snowfall across the sierra nevada at one to three feet of snow possible here.

. >> one of the other deals ebay selling stub hub to via go go, we spoke to their ceo in the last hour as well. >> i had a chance to talk to ebay's interim ceo president one request he will be what are you going to do with the proceeds, a significant amount of money didn't tell me much other than we will continue our capital allocation plans which include buy back, dividends and m&a for the marketplace business where they're looking to try to reignite growth. it was a great investment for them $3 1r0 million in 2007, exited $4 billion that's a 17% annual compounded growth rate. >> is ebay turning into the hp of home commerce they had gc commerce, they plit that off, they plit off paypal, now they're splitting this off what's going to be left? >> it's just a marketplace business you tell me what the growth looks like for that. that's been the key question as to whether they can rei go vig rate that, maybe as can become more of a business for them. they do have the classifieds still, they are not going to do anything with that at least for this year is what i was told we will have to wai

they were mentioning that ebay stock was up 15% compare that to amazon 150% in that time. and finally fox sports has announced that every single commercial time slot for the super bowl has been sold out. advertisers are paying up to $5.6 million for a 30-second commercial. compare that to 5.3 the last time around. it looks like there's been very, very strong demand from the advertising community. >> joumanna, it looked like there had been some demand. did they pon up y up the money the ad? >> neither side had comment and no contract has been signed, but the sports journal reported last week that the trump re-election campaign has been in contact with fox and they have agreed on, quote, the broad terms to air an ad during the game in the is unprecedented, never in the history of super bowl has there been a political ad aired during the game, especially in a year of the campaign and the re-election year as well. >> thanks as well have some. >> thanks. >>> coming up, we have a look at this morning's one big thing. and coming up on "morning joe," a major win for congress as it

selling also ebay stubhub today. scarlet: thank you so much. $77 billion of deals, 164 different transactions announced today either being pending, completed, or closed today. speaking of lvmh, staffers of that french luxury brand they have to shift holiday shopping plans because the luxury giant will no longer allow staff discounts of up to 90% of unsold products. this is after a french tax authority saying that bargain prices should be considered a taxable benefit. you imagine if you took a job with the express benefit of buying stuff with the discount and you can't do that anymore? joe: like the snacks in the pantry, if i had to pay taxes on those. joe: a lot of benefits are like -- de facto tax workaround. romaine: can we give our bloomberg terminals as our gifts this year? they are still getting 75%. from 90 to 75%. joe: i think they should be taxed on that. scarlet: if you are a louis vuitton staffer who works somewhere else, you benefit potentially. joe: sounds like tax evasion to me. can thep, candy fed -- fe

will it be enough for amazon, ebay, walmart, what have you? >> we don't even think of it as price match guarantee. we see it as something that's never been done in the history of retail. the best price promise, we are basically bringing and giving customers the power of information. we always believe phones in the palm of your hand, you would have all complete information and get customers are often confused about where the best prices are. the customers think amazon and walmart.com has the best prices online when in reality, every day zulily has lower prices. 97% of the time, julie has lower prices. rather than on customers to find the best price, we are taking the information and putting it on our price tag. >> people will spend two hours trying to find the best deal and pressed the button but let's show some of the deals. it's obvious you came from amazon because we've got the ugg boots with the victoria sarah book, you can flip it over to the next one and we've got this tote bag, this is real burberry, correct? retails $2220. you got a 417

connell: so the script for that movie ends up on ebay and now we know how it ended up on ebay. the actor admits his script wound up online. a housekeeper at his place found it under his bed. sounds like there's a story there. we bring in digital trends editor in chief jeremy caplan. joseph and danielle are back as well. i guess a couple things. first of all, disney apparently gets it back. >> fortunately, disney wound up with the script. connell: we were just talking about this right before we started. it wasn't posted for like thousands of dollars on ebay. it was 80 bucks or something. >> the takeaway is i clearly need to set up an ebay alert so whenever this kind of stuff happens, somebody tells me right away so i can go buy this. the amount of money i would have listed that for, oh, my god. connell: you would think it would be worth, because people are obsessed with "star wars." >> hundreds of thousands of dollars, i would think. connell: maybe. at least more than 80 bucks. this guy is apparently having, you know, people over his apartment, i guess the story is he was going

admitted that he was the one that left a top secret script under his bed which then ended up for sale on ebay. and the independent devotes half of its front page to the broadcaster and critic clive james, who died yeaterday at the age of 80. with me is inga beale, from london first, a not—for—profit group made up of business leaders from across the city. and of course in the uk you would expect a lot of politics on the front pages. the times, looking at the u gulf bowl, which has been done for the

viagogo is buying its rival from ebay, which bought stubhub in 2007 for $310 million. the deal comes after the uk's competition authority suspended legal action against viagogo after it made changes to the way it operates. poland has brought about 100 tons of gold home from storage in the bank of england in a bid to demonstrate the strength of the nation's economy. after adding to its existing gold reserves, the country has now become the 22nd biggest bullion holder in the world. the polish central bank also says the country has the biggest reserves of the metal in the european union's east. up next, newsbriefing. for now, you are up—to—date on the business stories. the lorry driver, maurice robinson, accused of causing the deaths of 39 migrants found in a lorry container in essex, has pleaded guilty to conspiracy to assist illegal immigration. the bodies of the people from vietnam were discovered last month. another man has now been arrested. our home affairs correspondent daniel sandford reports. the discovery last month of 39 dead people from vietnam in the back

those are the biggest brokers with combined 5 trillion dollars in at assets. ebay is selling stub hub for 4 billion dollars. pretty good return of investment for obey. they bought it for $310 million in 2079. dow up over 100 points. nasdaq gaining 59. shares in ebay, 2% in the early >>ba to you. >> jason brooks, thank you. >>> people get ready to head out the door. an interesting commute. a lot of delays in the east bay and not a lot along the peninsula. trying to get to work or an early start for your thanksgiving holiday, you'll see brake lights. westbound out of richmond into berkeley, no crashes. southbound 880 a few brake lights ward 92. a crash in the clearing stagings a not north 880. doesn't look like that is blocking any lanes. 33 minutes south 880. nimitz freeway to 237. average speed around 39 miles per hour. definitely some slow and go conditions through there. once you go north there, we're starting to see brake lights.s. that looks like a stalled vehicle. a slow ride there. usually not busy until after 7:00. we'll keeping an eye on that, but definitely flashy lights ther

shopping secondhand. 0ne company has 15 million users globally in 167 countries —— so dpop is like ebay, but it is very used by teenagers who are selling trainers, clothes, all sorts —— depop. are selling trainers, clothes, all sorts -- depop. yes, and like you say, it has retail value if they sell it on again. will fast fashion ever be consigned to the history books, or not? we are nowhere near that, are we? we are nowhere near, but they say it is a question of when, not if. i think in the next ten yea rs when, not if. i think in the next ten years we will definitely see it growth decline or steady. i think in the us we are expecting to see by 2028 the secondhand market being worth $61; billion, to fast fashion‘s $35 billion. so we will see changes there. and for companies like primark and h&m, they have huge pressures on them like rental pressures , pressures on them like rental pressures, as well. those pressures, but also consumers are more savvy, when a company says it is carbon neutral, it is often down to carbon offsetting, and people are interrogating whether that is good

we're watching stub hub and e y ebay >> let's kick it off with deird deirdre. how are you? >> that was a $4 billion sale to ticket reseller via go go nearly a year after activist ambassadors started pressuring ebay to sell off some of its businesses it bought the platform in 2007 for $300 million and made up 14% of revenue the question now is how does ebay grow its core e-commerce business as it faces competition from walmart the company is ramping up advertising and payments businesses but will that offset sluggish sales of merchandise. guys >> thank you, deirdre. i know that was just one of the things that the investors were hoping ebay would look like. any idea if there are others at play >> the classified ads business was identified also by activist investors and that is rumor to be the reason why the ceo left he had a disagreement with the investors about selling stub hub and some of the other businesses. >> thanks so much for that one let's turn to tiffany, a major deal involving french luxury conglomerate lvmh. >> they're buying the 182-year-old jewelry brand for $16

ebay bought the company in 2007 4 $310 million. teva pharmaceuticals and other generic drugmakers have held talks about resolving a u.s. price missing and get -- fixing investigation. one of the possible outcomes with the justice department is a part -- deferred prosecution agreement. drugmakers would admit to certain allegations but would not be indicted. in return, they would pay fines and cooperate with investigations. that is your business flash update. let's turn to a bloomberg school . carl icahn is trying to seize control of occidental petroleum's or. icahn plans to nominate a slate of 10 direct or's. she has been a vocal critic of the company over its three $7 billion takeover of anadarko petroleum. joining us is the reporter who broke the deal, scott deveau. congratulations on this group. tell us what this would entail. carl icahn has tried in the past to put directors on the board, and that did not help out. what he was trying to do was solicit support from shareholders. this time around, it will be looking to replace the

i've had ebay for a few years now and with this stubhub -- selling off stubhub, i wonder what to do with it. >> you want to hold on it will be a slow grind. not a lot of growth. i prefer paypal. the other part of it it will work its way higher, i actually think that's okay it will work its way higher as i see some work their way higher including this ameritrade. what a deal that was for shareholders how about matt in texas. matt. >> caller: hey, boo-yah, master cramer-san i'm a retired boomer and been in the markets about 30 years or so and still a grass hopper next to you. i want to take profits from the younger generation so togging about a stock, rvlv, revolve >> i think it's the future >> caller: 35 and i averaged it down to 100 shares to 28 and it's -- i'm in a position to where i could average 200 down to 23. >> i would do it it's an e-commerce fashion company and fell out of favor. a lot of companies that weren't making a lot of money or losing money but they're okay they're going to make 50 cents -- i think it's a buy. i think it's actually turning right here too i would buy

also things you don't think about ebay, stub hub and viagogo and a lot of other financial engineering. you'll see more of that. only 24 days until christmas a special friend, a granddaught granddaughter, buy her a baseball team, the atlanta braves in addition to that if you have a really good friend, buy them a ferrari. one share is like $150 and then if you really are excited about new york sports -- >> you buy them the knicks madison square garden will be spinning off all of their entertainment businesses and we don't know the final balance sheet but you can get the knicks and the rangers and those are good christmas presents. if you want to have fun and cheer, just root for america >> cliff wants dolan to sell before the spin. >> come on, cliff, forget about it >> do you think dolan should sell the knicks and rangers? >> the company will be kept and spinning off the entertainment what will be public are the sports teams why would i want to sell an iconic brand to whom and for what price it's a taxable transaction, it makes no sense then you have a double tax and the money stays in

how the plot for the upcoming blockbuster ended up on ebay, coming up. melissa: kicking off the holiday season. first lady melania trump receiving the first white house christmas tree this afternoon from a farm in pittman, pennsylvania. look at this thing. the white house revealing the names of the two feathered contenders who will compete for the title of national thanksgiving turkey, red and butter. the turkeys are enjoying a luxurious stay at a historic d.c. hotel until the pardoning ceremony tomorrow. ashley: bread andff butter makes them nervous. with value like this, there are zero reasons to invest anywhere else. fidelity. ugh, another electronic signature. you have to print, walk, sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to your day. or not. this isn't working. introducing samsung paperless workflow solutions. with the galaxy tab s6, you can sign digital documents on-screen, with a finger or your s pen. samsung business solutions. with a finger or your s pe

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. >> let's stay with "star wars" universe because the script for the upcoming movie sold on ebay what happened? how did the script get out? >> so you know, when you like when i did all of my children idea one scene. i got literally one page of that script so i have no idea how i fit into the larger picture. and one of the actors had the script left it in the the hotel room under their bed probably thinking it was hiding cleaning crew came through found script gave it to somebody savvy enough to sell it on ebay and fortunately someone on the show was savvy enough to see it and buy it before anyone could get it and printed on some paper you can't photocopy so -- autograph here. it was literally three line. bring back up baby yoda. because what's so interesting this is like a toy essentially that could launch from an originally streaming show on disney. it is kind of nuts. >> this is from "mandalorian" a breakout start we've been seeing this for a week now because everybody is, how could you not be obsessed with how cute that is and here's what's great the show runners had an inkling tha

your investigation highlight they weren't just tweaking things but at the behest of others like an ebay? sgl >> that's a really good analogy. what was the most startling to see how much pressure google is under to sort of tweak that recipe from governments around the world from its biggest advertisers like ebay, from interest groups especially since the election and so they are trying to battle how do we make these decisions on what to show and that is really what was rev revalatory for us. >> what was google's response n >> they did not agree with our conclusions. they believe their algorithms are unbias and objective i think we are showing in this report they really are not >> they have people of lower paid contractors this is not like four guys in a room with giant super computers. there are human beings involved in the process >> that's right. the problem that google has is that if it was just more transparent about how it's making some of these decisions and why, it would really not be as controversial as it seems no one is going to object to them say putting the suicide hot li hot

one of the most secret scripts in hollywood winding up on ebay about how? cops say homeowner got the better of this accused burglar. you think? buckle up. because the news begins now. ♪ trace first this tuesday afternoon presidents are not kings one from a federal judge ordering the white house one top legal gun to appear before congress. the judge says president trump could claim executive privilege on some issues. i'm trace gallagher. democrats once considered former white house counsel don mcgahn the most important witness in potential obstruction of justice in robert mueller investigation. this decision could ripple way beyond that case. it could mean key witnesses in the impeachment inquiry could have to go before congress. think john bolt bolton, he has been openly teasing on twitter that he has something to say. but his lawyer is suggesting this ruling will not apply to bolton. and the justice department already announcing it plans to appeal the decision. new reaction from president trump in a moment, but, first the flip side. a democrat who voted

that's a big mark up for ebay which got for $300 million in 2007. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa >>> okay. gusty conditions in new york could deflate the largest thanksgiving day parade thursday. mace a's famous for the giant thanksgiving character balloons. it may be too windy to let sponge bob or snoopy get off the ground. the city put regulations in place 20 years ago after high winds push a cat and a hat balloon injured several people. there's ronald mcdonald. pikachu. >>> and elon musk is still on damage control to explain how his unbreakable window broke. and they threw that metal ball at the windows to show they w

and the prosecutor who came to silicon valley and worked at ebay and google snagged him about 15 years ago. and during that time all of global policy. very significant players. what i thought we should do since you all have heard from me plenty is perhaps we should just have you make some comments so i thank you very much. it's a pleasure to be with you the public-private partnership i grew up in this community. i was born and spent the few years of my life on military bases and my father had his career in lockheed i made sure that the private defense sector and universities can work together. before we jump in i want to take on two issues up front. i've been frustrated to hear concerns around commitment of national security and to set the record straight on those two issues. first on china africa in 2010 with an attack on our infrastructure. we have learned a lot from that experience and those that have operations in china we have chosen our operations very carefully and our focus is on advertising in the open source platform. second with regard to the more general question of nationa

. >>> ebay is negotiating to partner with viagoo. the ceo wanted to unite the two for a long time. mississippi residents are hoping to win the jackpot. scratchoff lotto tickets went on sale for the first time yesterday. 300,000 tickets were sold in just the first two hours. mississippi's legislature will use the money to pay for road maintenance. mississippi was one of just six states without a lotto. and that's your cbs money watch report. for more, head to cbs money watch.com. >>> time now is 4:41. >> straight ahead, the message from travel experts, leave now if you can. aaa says what you neday head to let's take a look outside from the van gogh. to harrison, the wine collection. to craig, this rock. i leave these things to my heirs, all 39 million of you, on one condition. that you do everything to preserve and protect them. with love, california. tto harrison, the wine tcollection.. to craig, this rock. i leave these things to my heirs, all 39 million of you, on one condition. that you do everything to preserve and protect them. with love, california. >>> welcome back. 4:43. fo