Cut reduction. Production. Police battled prodemocracy protesters in hong kong. Patience is growing thin for the protest. A blow for Prime Minister abbe in japan. The Credit Rating was cut by one level. Is uncertainty about japans plans to increase growth and cut the deficit. The economy make the focus of his campaign. Had aent barack obama series of meetings about the unrest in ferguson, missouri. Black friday fizzled with consumers. Consumers did not spend as much as a year ago. This is according to the National Retail federation. Shoppers were confident enough to skip the initial rush for lower prices. We have breaking news right now. Researchers have just released a report stating that hackers with wall street expertise have stolen mergers and acquisitions data from more than 80 companies over the last year. Olivia sterns has more. Says that areport group of hackers with market expertise have stolen information from more than 80 public companies, more than 100 companies in total were targeted. They appear to have wall street expertise and were specifically working looking for market moving information, correspondence, sec forms. Alleged to be americans who worked on wall street. What they did with the information is not yet clear. That they likely themselves traded on it and profited on it and they most likely sold it as well. More than two thirds of the companies were health care and pharmaceutical companies that were targeted. Those tend to be the focus of insider traders. It is very interesting. A very interesting story. It looks like this could be a whole new wave of insider trading. It certainly does. Thank you so much. We will continue to follow that story for you. Lets get back to our other top stories. Opecsston decision decision not to cut production pushed oil prices through the floor. The ruble weakened almost 4 off the news. Commodities are down across the board. None more so than oil. The current price environment is kind of like a stress test for the oil producers. Is in pain over their budget. Jamie webster said that you have eight out of 12 countries over their budget. That is compared to five over 12 out of 12 the previous three years. Her qatar and kuwait will be able to balance their budgets. They may have to turn to other industries to keep from overreliance on oil. Of global oile prices is limited. Oil supply overall has been rising, even as opecs share has been down versus one year ago. That is your white line. Total oil supply is blue. The is all because of dramatic increase in oil supplies from nonopec countries, notably the United States. It sounded like they were basically targeting the u. S. Oil producers. U. S. Oil producers, at what point do they say that is enough . It is a waiting game, like a game of chicken. Resources has said it will continue to drill and they will continue to profit at well below 70 per barrel. Investors have already discounted ahead. Shares of Continental Resources plunged 20 on friday. Friday was only a half day of trading, which gives you a sense of how quickly investors are abandoning ship. Be estimates that it will six months before Global Oil Prices slow Production Growth. Companies have already invested in the equipment and the drilling and are not just going off thes big it spigot off. Companies really know how to cut cost and they are putting that to work right now. It is better news than what we had thought. Better news for them, at least. Thank you so much. Scarlet fu, our chief markets correspondent. Hour isnd shaking this billionaire investor david einhorn. At Main Hedge FundGreenlight Capital gained 5. 8 last month. For the year, they are up 11 . They invest moakleys mostly in equities. David einhorn said he plans to raise money in november and december. What happened . Nearly 6 million shoppers did not show up over the weekend. Spending over the weekend tumbled 11 . Julie hyman has a rundown of the numbers. We were seeing all of these great deals. Stores were opening early. What happened . Spending down, that is the first number. 50. 9 billion. 11 . If you look at that on the level of the individual shopper, the average shopper spent 6. 4 less. You can also look at it from a traffic perspective. Traffic has been down. That trend appears to have continued. Down 4. 5 . What did happen . The first caveat with these numbers is that they are just an estimate. The chairman of the National Retail federation says, i dont believe that down 11 number. He thinks that is an underestimate of what happened. Realver have actual numbers from the weekend. If you talk to the nrs, they give several Different Reasons why the number looks disappointing. Traffic and spending is more spread out over the holiday season. We saw earlier promotions happen at many retailers. , as they arent trying to look on the bright side of this, maybe the economy is Getting Better so people dont need the deep discounts and they dont want to take the trouble to go to the mall to get the discounts. Monday, which is now starting to sound like a 1990s term, those deals are not expected to be better either, right . We are expected to see an uptick to some extent in the sales. The National Retail federation is not looking at an increase in traffic, they are looking at a slight decrease. Sales were the weekend were up 15 . Ibm said sales were higher. We are looking at estimates. It looks like online is getting a bigger piece of the pie. I thought about you over the weekend. You were saying that black friday not just a u. S. Phenomenon anymore. I went online over the weekend and i did one of the google trend search results for black friday and this is so interesting. In the u. S. , number one. Romania of all places, number two. Apparently that was introduced into the country a few years ago and it is just starting to catch on. Canada, paraguay, jamaica, some of the most popular countries. Maybe they were looking for deals from sites here potentially. Everybody likes a deal. No matter where they are or who they are. [laughter] thank you so much. Lets stay with shopping. Amazon, one of the heavy discounters this weekend, says they are seeing high holiday demand. They are turning to robots for help. Thanhave installed more 15,000 robots to transport goods across where houses. For more on the robots, i want to bring in cory johnson. He is at the Amazon Fulfillment Center in tracy, california. I see you here every year. Tell me about the new fleet. Different a very facility from last year. Year, i was in phoenix at a facility where there were lots of people walking lots of miles. Fulfillment centers because we are supposed to feel fulfilled. This is a robot system that carries a giant cart. They take things that come off a truck. He finds somewhere to stash it, a laser gun tags it with a barcode. Robots know where they put everything and stash it away back here in the catacombs of this facility in tracy, california. It is a very different system than the library like facility at the rest of Amazon Fulfillment Centers. Now, the workers stay in one place. They get through a lot more packages in the course of a shift. They managed to fill up to 70 more in a facility like this. That helps the cost of capital. They are building peas much closer to customers and much closer to urban capitals. We are one hour from sacramento here. Talk to me about shipping costs. It is fairly amazing for amazon. They are spending even more on shipping. 2 billion spent on shipping in the last quarter. Behemoth ofat the their shipping operation, it is a massive money loser. They have lost 3. 9 billion in shipping revenue. They are spending so much more in shipping than the actual cost of that. It is adding up to about 900,000 every hour. This kind of facility is meant to lower that cost and increase the efficacy. Thank you so much. Cory johnson. From tracy, california. Much more ahead. Netflixs 90 million bet. They want to keep building a media empire on marco polo. Fury over brad pitts war movie. Cyber pirates. Viewersixs millions of will get new movies this month. What really counts is this. Marco polo. The new original series, one of the most expensive tv series ever made. At a cost of 90 million. It is just behind the cost of hbos game of thrones. The latest gamble. You have been pretty outspoken that they have a huge amount off their Balance Sheet on acquiring content. Over 4 billion. So what is 90 million . [laughter] it is not just one of the most expensive productions ever in television, 10 million per episode. Why . Because their subscriber growth in the United States has slowed down to a trickle. Around thesion plans world are running into lots of serious complications, payment problems, local competitors, quotas on u. S. Content. You have 15 million subscribers right now, but they need to pump it up to keep the momentum going. Where are they going to pump it up . Marco polo is a genius selection. It has europe, asia. It is historic. This is just pandering to the chinese viewers. Has zero franchise in china. It will reach people in southeast asia, in europe. It will ring a few bells in the United States. Hastings is still acting very much like the king of the media empire. His bravado speak. He was at the conference in where he set about broadcast linear television, he the, it is kind of like horse, it was good until we had the car. I think he is right in principle. He is wrong because it is already happening. 2015 is going to be a real ,ransition for major media particularly broadcast. Congress is going to be looking at the issue of net neutrality. The cable industry is looking at breaking up the chinese menu and offering over the top. You say his 2030 is too long . He is wrong by 10 years. We are in the middle of transition. Next year will be the year that we see erosion of linear television. Sony is the victim of a cyber attack. [laughter] they have lots and lots of problems. This is one that they should have done something about. If cyber crooks can steal 50 million credit cards from home depot, why cant they get half a million copies of brad pitts fury . This is a huge problem for hollywood and any content producer. And other have been some piracyy groups that say costs billions of dollars. 75 billion might sound small to what it really costs. It is a critical problem and it is probably never going to be solved. Cyber criminals stay one jump ahead of the people putting up the security. A guy on talking about all of the credit card scams that have been attacks that have been going on. The Security Companies said, we cant really stop it or read the best we can do is slow it down. Great to see you. Much more on movies. The latest hunger games squared off with a bunch of penguins over the weekend. We will have the box office results. Where will stocks end up for the year . That is next. You are watching in the loop. Good morning. Im betty liu. Here is a look at the top company news. A crucial week in the stock of to caught up takata. They only have until tomorrow to begin a national recall. Hunger games won the box office. It brought in an estimated 163 million over the five day holiday weekend. Penguins of madagascar came in second. It is 26 minutes past the hour. Bloomberg television is on the markets. Oil. Et fu has more on it is time for futures in focus. Oil futures keep heading south. Briefly dipped below 65 per barrel. Isning me now with a look greg bender and todd horwitz. Reactionsaw a dramatic to the opec nondecision essentially. This morning, we are seeing a little bit of a turnaround. You had an interesting Inflection Point on friday. Prices were sitting right at the 70 level. Below there, you had a lot of margin selling. Future straight on margins. When prices go against you, your broker can aggressively sell your position out. Prices got below. ,nstructions to your broker are get me out aggressively. You have speculators and other traders stepping into by a deeply oversold market i n to a deeplyo buy oversold market. We had a blowout to the bottom overnight. Buy with a trade up to 70. That 70 was a great support level. Toant to buy with a trade up 70. I have no idea where we are trading now, but 65 to 66, i am a buyer trading up to 70. I am looking to sell at 70 and ride it all the way back down. I think we are going much lower than we are right now. Right now, it is trading at about 66 per barrel. You said you would be a buyer of oil at around 55 per barrel. You do expected to go to 70. Oil trades and contracts of 1000 barrels. Trade. E 5,000 on your greg, are you expecting that oil will continue to be volatile over the next four days . When you have different players active in the market, not just your regular physical you have speculating, you have stop orders and margin selling going on, when you have news hitting the tape, this downtrend has been going on since september. It is strong new participants to the market. Options volatility is high. Does that bleed over to other parts of the market . Whether it affects other asset classes. I want to get to our word of the week. We often hear the word dominant. The dominant futures contract is the one with the highest open interest, so generally the most liquid. Involve little markets, you want to make sure you are trading for most dominant or most liquid future. Otherwise you cannot get out when you need to. Thank you. Will be back on the markets once again in 30 minutes. You so much. Scarlet fu, our chief markets correspondent. While oil is plunging, stocks are trading near record highs. Where will stocks end the year . Mike, you talked with some of and most accurate forecasters. What do they say . They predicted 75. We are pretty close to that right now. Both are pretty bullish for 2015. We have seen a healing in the economy, the healing is not over. In this market is enough to keep it higher until you hear. There are a lot of Fund Managers trailing benchmarks. They are inclined to try to keep keepth the rally buy to up with the rally. On december,ly what have we seen historically . Historically, it has been a great uptick in stocks. Even in 2008. An average gain of more than 2. 2 . Datever you dated from it from, it is always the strongest for the standard and the 500. It is up about three quarters of the time for that month. People get yearend bonuses. Tend to shape up their portfolios for the next year. Told me politics columns down in december and geopolitical issues come down. What about oil . This has been unexpected. Oil dropping is generally considered a bullish thing for the economy. That was not as much of a nobrainer this time. The Energy Industry in this country has grown so much in the last few years. Could this have a negative impact on the stock market . Energy companies are in a bear market down 20 . The rest of the market has kept the rally going. Andss it gets even worse there are a lot of unforeseen circumstances then we will see. There is potential damage to begun be done, but so far, so good. Thank you so much. It looks like cyber monday sales after black friday was a bust, we will be speaking to pablum rodriguez and why apparel did route well. If you are looking to so support to support the new york jets, you could be looking at a record low price. Stay with us. 120 7 million. That is how many people are expected to shop online for cyber monday. That is down 4 million shoppers from last year. Are taking advantage of earlier and longer sales promotions this year. Cyber monday is not that big of a deal anymore. Maybe we should just get rid of it . When is it not cyber monday . With sales predictions not looking that great and black friday spending down, are americans falling out of love with a big, fat deal . You have crunched the numbers. You have seen what people were doing, particularly through their mobile phones. , was it were seeing consistent with what the National Retail federation is reporting . Mobile is on the rise. Declaredisclaim that the Holiday Shopping season started on september 30. We are seeing merchants bring more offers before black friday, even into thanksgiving. We crunched some of the numbers in terms of mobile shopping. It is on the rise. Euro for year, we saw a 62 increase in mobile shopping, as compared to last year. On thanksgiving, it was 47 . Is that faster than last year . It is. It is a complete uptick as consumers are looking for convenience. We saw that the most usage of mobile device shopping was in chicago, second was in houston, third was in los angeles. This is the first time we wanted to look at that. On theire staying couches, asking their kids at the thanksgiving meal, and then getting what they want online. We look at the data in spikes on mobile shopping. 4 00 and 5 00 p. M. Eastern on each of those days was the uptick. I thought it was going to see a different take on those. What is magical about that hour . I think it is that people are done with the thanksgiving meal, they are online, they are shopping. It is something that is a new. Ccurrence what are you finding people are buying on their mobile phones . Is it different than what people are doing on their computer . The number one piece was apparel and jewelry, followed by electronics. This is a crossborder trading story. Merchants here in the u. S. Are enticing overseas consumers with things like Free Exchange and free shipping. Did you find that quite a few people were on their mobile phones outside of the u. S. . We did. Those were global numbers as well. Regardless of in the states are internationally, consumers are shopping when and where they want. A good deal is a good deal whether you are in the philippines are the u. K. Or wherever. There is another number out that i thought was interesting. The amount of money that was spent per shopper fell by 6 to 380. I dont know if you are crunching numbers on your platform as well. Did the amount of people were spending shrank . Or did it grow . We looked at the volume and we looked at the number of shoppers. The number of shoppers increased. We will continue to look at those numbers. When we looked at the number of shoppers on mobile devices, on thanksgiving and black friday, we saw those numbers increase. We will look at numbers today as well. Earlier, it is not cyber monday anymore, it is cyber month. I feel so old. [laughter] the 1990 prosperity lets stop using the term. Going into december, what is going to happen . I think we are going to carry the momen