Squawk alley. Im Carl Quintanilla with john fortt. Retails are stories once again, with Online Shopping soaring to a record 5. 3 billion on black friday alone cyber monday is set to possibly become the biggest internet shopping day in history. For more on that we send it out to our Courtney Reagan whos at Amazon Warehouse in robbinsville, new jersey hi again, court. Good morning to you, carl cyber monday has always been a really big day for amazon, but now that they have the prime day, they are going to have to beat their own record in order for it to be the biggest day of the year for amazon. You can see were in this Fulfillment Center in new jersey and its just one of 75 of amazons Fulfillment Centers like this in the country here it covers a million square feet there are 14 miles of conveyer belts running 24 7 thousands of both human employees, as well as robots fulfilling those cyber monday orders last year amazon said 64 million items were ordered on its website. They are not givi
Lots to talk about. Looking at chinese debt, its another way of looking at all of this as the Deleveraging Campaign continues. , have a up the chart look at this is the borrowing binge. It has really been chronic. It is a chronic concern. Looking at this, we have total 206 of gdp, higher then twice the average economies. Should we be paying that much attention to the total amount or should we be looking ahead . This is deleveraging, the push that we have. There could be some light at the end of the tunnel for the naysayers about the chinese economy. Kong, shenzhen, shanghai and just under half an hour. And we have singapore, taipei, and kuala lumpur. On the street of dreams overnight. A tech rally, it was felt by the draw we saw in metals. It could be in for an interesting session. We will take a look at the big picture. The longest losing streak this year. A dollar. Tracking the decline into your treasury yields. Some of the tax talk optimism. Sliding with bond yields on the gdp. Seei
A moment. But we begin tonight with what some are calling the strongest job market since the turn of the century. The economy created a healthy number of fulltime positions last month across a broad range of sectors. Nonfarm payrolls rose by 228,000, making this the second month in a row that gains have eclipsed 200,000. The Unemployment Rate held steady at 4. 1 . But closely watched wages rose just 2 , falling short of expectations. Hampton pearson takes a look at the unemployment picture and the myst those stuck wages. Reporter november job growth was widespread with professional and Business Services leading the way, adding 46,000 new workers. Manufacturing continu to rebound, with 31,000 new hires. And repair work in hurricaneravaged texas and florida helped boost construction hiring by 24,000. But solid hiring and an Unemployment Rate at a 17year low is still not boosting wages. Up just 2. 5 year over year, now averaging just over 26 an hour. Even President Trumps top economic adv
In just a minute were going to talk about an alarming report that Shows One Third of american jobs as we know them may disappear. First we want to talk gaming and manufacturing. Kate rodgers has an eye on virtual business. Reporter he grew up with the love of gaming and computers at 30 years old he found the opportunity to combine the two. Its a lot of fun actually. The best thing about working in this field is being able to solve creative problems on a daily business. Nolan is a developer at eon for example, exxonmobil has used eons Virtual Reality platforms to train engineers in oil and gas production. Its really young, so theres a Great Potential for new applications. The u. S. Is on track to spend some 3 billion on v. R. And a. R. This year. As the application of this technology spreads to medicine, education, and other fields. Eon has grown from 90 to 150 and is looking to hire 150 additional workers. You need people who know programming skills, who knows how to build this rather
Encompasses gaming, medicine, and manufacturing. Kate rogers has our cover story on a business where the name is virtual but the opportunities are very real. Jesus noland grew up with a love of gaming and computers. At 30 years old he found an opportunity to combine the two working as a developer in virtual and augmented reality. The best thing about working in this field is being able to solve creative problems on a daily basis. Noland is a developer at eon reality in irvine, california. The company designs applications to help train workers in varying industries. For example, exxonmobil has used eons immersive Virtual Reality platform to train rormts and engineers in oil and gas production. Vr and a. R. Industry is really young. So theres a Great Potential for new applications that can be built by creators. Reporter the u. S. Is on track to spend some 3 billion on vr and a. R. This year. As the application of this technology spreads to medicine, transportation, education, energy, and