did john deere affect that in the dow? abigial: john deere is weighing on the dow and that could be a concern because of the big ticket items. another concern could be the vix is super low, but some are saying is complacent. if you take a look at the vicks curve which prices out for the future, it suggests there could be volatility ahead in 2020. david: thank you so much. that is abigail doolittle bringing us up-to-date in the market. now we turn to ritika gupta for bloomberg first word news. toll inthe death albania has risen to more than two dozen. the defense ministry confirmed the death, adding more than 660 others were injured as a result of yesterday's magnitude it's .4 earthquake. the country has declared today a the countrying as searches through the rubble where people are still believed to be trapped. the eu bought has pledged major policies to address some of the biggest problems from defense to climate change. ursula von der leyen will be the first woman to assume the role of the european commission president n

row-crop -- sold. $8,000. '58 john deere 730 diesel -- sold. $20,000. tractors are pretty valuable to people. >> tractors are pretty valuable, both emotionally and financially. >> the family's dedication to dave hawkins' memory pays off. the auction nets around $400,000 for his heirs. i guess you could say dave is still taking care of his family. >> i had one child still in college, and my oldest child had graduated from college. and so, i was very excited to be able to use that money to help them with their college debt. >> dave, who hated debt, would be proud. oh, my goodness. but it could have been a lot more. if you add up the value of the 23 tractors that stay in the hawkins family, it comes to more than $180,000. still, there are a few tears as 100-plus tractors are trucked away to collectors around the country and beyond. >> it was kind of a bittersweet deal. there was a couple that i would have liked to have kept. >> i just feel bad for alex going out to all the empty sheds. >> but alex hopes the sheds won't be empty forever. >> as i get older a

the john deere company is known for its huge machines but even that being downsized. a few tractor could look like this electric rather than diesel lightweight to protect the soil and of course without a drivers cap. given the it's a complete definitely think the future is about autonomy that's even precision on our culture needs more precision there are various examples of that in this whole thing about speed of. machines can also eric ate the crops and recognise wheat through senses. these drones fly over fields and help to locate pests for example all spray chemicals in a targeted mana they can also cultivate land that's hard to access. actually a lot of places in china they're not able to use picture actis because they're smaller clubs we have a lot of small holders in china and also we have places now on the hillside so it's difficult to conduct spraying saw plant protection we call it for the crops on the hillside. is this the end for mega machines and agriculture. that's certainly no lack of imagination these weird and wonderful creations could end up being the

john deere is not being optimistic. they are being conservative in calling for a 5% to 10% decline in sales in that sector in 2020. >> morgan stanley has placed on leave at least four traders over an alleged markets securities. concealingspected of losses of $140 million. how serious is that? >> that is not an ordinary day of business. it is still an allegation. how quickly was it dealt with? understand just how serious this event is. desksivity across trading is slowing as we approached the thanksgiving day holiday, giving everyone time to think about bonuses. according to new analysis, some of the hottest trading professionals will see smaller bonuses this year with equity traders faring the worst. we thought the first time had faded and things were picking up in the third quarter. is that not the case? >> lower risk, smaller payouts, that is the unfortunate mantra for the big banks. when you have that trend going. ,hen you have a secular slump the same expectations will flow through into the bonus pool. that is what

farming machinery giant john deere is getting plowed under as the trade work takes a toll on the heartland. how do we know? wait until you hear what the company itself said. as we are heading into the holidays, also known as the other pinks of eating, too many of us indulge without burning it off, if you want the most inspirational story guaranteed to get you moving, download my latest podcast. 87-year-old jeanette of new york just ran her 17th marathon. she ran her first marathon at age 69. how she did it and why she said she'll never stop. all long drive or ahead of your flight or cooking up thanksgiving dinner, download everyone talks to liz. she's adorable in her story will leave you wondering what's my excuse for not getting out there and working out? we'll be back. today's foxbusiness brief, cutting forecasters for 2020, the agriculture equipment makers are saying they are making new investments right now due to ongoing trade tensions and difficult harvest conditions. closest rival also stuck in the mud, another big-name. doctor ming the first year after missing third quarter blaming

first up, ubs lowering its price target on john deere to $169 from $180. the analyst deciding the company outlook for 2020 and the expected decline in construction revenue. you can see the shares down .3%. next, rbc capital raising its price target on burlington stores, maintaining the outperform. the analyst setting changes to the c-suite and accelerating comp sales. sales down .2%. finally, atlantic equities downgrading dollar tree to neutral from overweight. the analyst deciding earnings that trailed estimates and reduced profit forecast. the shares moving lower by 1.5%. those are some of your top calls. time to get a quick check on some of the latest business flash headlines. i will start with mercedes-benz parent daimler planning to cut thousands of jobs worldwide by the end of 2022. the company's personnel keep all bloomberg more than 10,000 positions are likely to be limited. daimler is trying to revive profit margins that have been squeezed by heavy investment in electric and self driving vehicles. rivals bmw and volkswagen have already mapped out

at the white house they're saying, look, now it has to be $50 billion in soybean john deere is up, they report on wednesday. but there is a belief that chinese are going to come through. they don't want -- intellectual property, they're so far apart but i believe, talking this weekend, i got the sense that there has to be more to it than a weak story about intellectual property, especially with hong kong which, by the way, suddenly now is sweeping -- in the discussions. hong kong kind of was a referendum against xi. >> right. >> president thinks he has all the cards. he also would love to deflect it from some things going on. >> sure. >> washington. >> hong kong, of course, just to get on the record, big win on these district council elections. they win 85% of the seats that were up for grabs. turnout, 70% which puts to shame u.s. participation rates. >> can you imagine, 70%. we had those kind of turnout rates from the united states. >> well, that's a democracy. >> i think if they weren't gerrymandering, you would come out. >> we haven't hit much more than 50% in a long time >> but, may

on john deere, i cannot say enough about the clarity from john may, there chief executive officer. financial services results have come under pressure due to operating lease loss. ♪ ♪ we have a new european commission president, ursula von der leyen. she has just been confirmed by european parliament in strasburg, elected as president. about herextensively priorities and what she can and cannot do. joining us from european parliament is bloomberg's maria tadeo. how will this commission differ from the old one? maria: you are right. ursula von der leyen finally confirmed. she will take office in the first week of december, replacing jean claude juncker, who was so strategic and so many issues. you look at them i grayson crisis -- migration crisis, he was there. he was one of the top negotiators for brexit. he always spoke freely. ursula von der leyen is softer, especially when she talks about brexit and continues to say she and the u.k.r should stay as an ally. , saying thes european union needs to take a more assertive role on the global stage. the priorities are slightly diffe

yesterday's controlled burn was in the painted rock section of the john deer land trust. the idea behind the burns is to cut down fuel to feed uncontrollable wild fires. the burns are also useful for residents. >> today is training so we're not only honing our skills but we're getting our residents used to seeing a little bit of smoke in the air, rather than a lot. >> it's natural for california and when we control it it's even better. now we're so urban we really need to put breaks in the fires. >> in march governor newsome allotted $35 million for high fire priority. mostly here in northern california. six abatement projects are complete and 25 more are scheduled for the rest of this year. >> and not too hot. perfect conditions for firefighters to do these control burns. >> you're right in the last 24 hours we accumulated a little bit of rainfall, drizzle ls, sprinkles around the bay area. i'll show you those totals in just a moment. first, a nice view over san francisco. can you see some beautiful blue sky. as we get into the weekend we are going to warm it up and we a

deere, with his faithful dog festan, ready to go. >> daniel: nice, fresh morning now. >> anthony: yeah, i was thinking the smell is beautiful. that's -- that dog is happy. the great chef loves this place, and you can see why. ♪ monsieur paul can't safely hunt, but he's happy to charge around flushing birds for us. [ gunshots ] >> daniel: beautiful. >> anthony: yeah. it is beautiful. i could do this all day. [ gunshots ] that was about as good as we're going to get, too. >> daniel: you got bullets? >> anthony: if you look long enough, you start hallucinating. you start hallucinating ducks where there aren't any. [ gunshots ] >> daniel: you see that one falling? >> anthony: okay, not a moment to waste, quickly a second shot. [ gunshot ] okay. [ whistles for dog ] >> daniel: you got it? >> anthony: yeah. [ speaking french to dog ] >> anthony: between me and daniel and festan the dog, we manage to actually bag a few ducks. >> daniel: good job. very good. >> anthony: easy shot. then it's back to the lodge, clearly bocuse's happy place, where we meet up with some hunting buddies of the gre

this ties to the john deere earnings report. a lot of the names moving lower on the day. guy: let's turn back to brexit and how the upcoming u.k. election could impact the market. global head is the of cross asset strategy at ubs. we get the poll out tonight, this was a paul that in 27 -- this was a poo that in -- a poll that in 2017 accurately guessed the conservatives would not get a majority. is that the game? is it basically you get a conservative majority, you get brexit, you get certainty, you by u.k. assets? >> which assets? do you buy sterling or domestic stocks? i think the upside of the sterling, even in the world where the market outcome on byitics is as expected and january 31 you do get a deal with the eu, the upside for the sterling will be limited. before brexit began, before the referendum, eurosterling was at 70. cable was 125, 150. it is unlikely we head toward that territory. even a good world where the desired outcome on politics is seen in you get a january 41st brexit deal, i think eurosterling goes down to about 80. because the euro zone is much wea

., dell, and john deere. retailers estimate holiday sales should grow about 4% to keep the economy rolling, and tesla says it's received $146,000 orders for its new cyber truck. i'm elaine quijano, cbs news. so we're in this little town near salerno and everyone has dad's eyebrows! we chose eleanor. it was great-grandma's name. so apparently, we come from a long line of haberdashers, which is a fancy word for... they left everyone, and everything so they could get here. and start this family. every family has a unique story. this holiday season, help your family discover theirs. - [woman] with my shark, i deep clean messes like this, this holiday season, this, and even this. but i don't have to clean this, because the self-cleaning brush roll removes hair while i clean. - [announcer] shark, the vacuum that deep cleans now cleans itself. >> sharyn alfonsi: this summer, an image of desperation was captured on the bank of the rio grande. if you saw the photo, you may never forget it. a father and his 23 month ol

also financial services weakness john deere capital came under pressure due to operating lease losses down 15% from 2019 to 2020 financing sales as well, whether this is, josh, just dea deere-specific situation or can it play out with caterpillar >> if i explain to you the impact of the trade war and say think of the stock most affected, you would say deere. it wouldn't even be hard for you to arrive at that answer. >> so it bounces back when the phase one is done? >> potentially it's not had a bad year, by the way. >> it's not just trade either, though you've had terrible weather here in the middle of the country the farmers, the farming community has gotten it from all sides as well. trade war is a big piece of it but not the only thing. >> farm incomes have been depressed five, six years in a row, first time you've seen that outside of the 1970s due to inflation. good economy, which does not help agriculture, then this whole mess with china not buying as much. subsidies, but the farmers aren't using that to buy equipment. they're using that to, like, put food on the table. it's maz

if you are a soybean farmer or you are making a john deere tractor, there been much more severe impacts on the trade war. alix: to stay on the immediate thee of the economy, freight shipping index fell almost 6% in october. they are reaffirming we are looking into an economic contraction, that gdp could go negative. we love looking at that. it is an indicator of a real-time shift into what products are being moved around the country. do you feel more or less optimistic than you might have three months ago? reliant on tois being able to predict the future. when we have issues such as we have with trade wars going on, it is very difficult to predict what is going to happen and to make long-term investments. our business is strong, we have a strong balance sheet, we have a great business in the u.s. and globally. we get concerned when we are not able to predict where we should invest and what the returns are likely to be. it raises the question -- what are you doing? holding back until you get some sort of clarity? what are your plans for the coming years? can you even make them? tim: in s

. >> chip and joanna gaines showed up in style and classic john deere tractor. >> did they have a permit for that? >> they're die-hard baler fans. the team fell short. they put the mascot head on. that's a life goal right there. >> they're the bears, right? >> i thought we were going to interview them. >> very cool. >>> even though we want to have fun, we're heading into another week of full impeachment hearings as democrats and republicans try to make their case to the american people. lisa: what are the biggest take-aways from the first round of hearings? who were the winners and the losers. >> we've got the former chair of the california republican party who joins us to break it down. good morning. >> good to see you. i don't have a mask, though. >> you don't need it. what are your biggest take-aways? >> this is a scripted event. i've been an attorney 32 years. this is the first impeachment hearings where they do a deposition first cul out how they want to do it and then you saw the questioning, the ludicrous questioning by the democrats' attorney, these long leading -- it was ridicul

brooke: i will point out that deere's ceo john mae just started this month, so there is something to be said for a new ceo playing things conservatively. when you look at some of the industrial data, there have been positive signals that we may be getting a bottoming in this slow down. what is the risk that that is just a blip? a lot of these projects can be lumpy. you have the gm strikes mixed in there. walter: we could all be here a month from now, and this could be a big head fake from these moves in the market. i think at the end of the day, what we've got to focus on is seeing the data come through on a week by week basis and a month by month basis to see if it continues to improve. that should confirm that we've seen a bottom encyclical earnings area that is certainly what the market is betting on at buy theint, given these dip mentalities encyclical areas. i certainly won't know until we get some guidance because a lot of companies have not issued guidance for 2020. when we come out of the first quarter in april, it will be interesting to see how the guidance for 2020 plays ou