Homage to former president fidel castro. House says president obama and Vice President joe biden will not attend the funeral. Journalists in more than 100 countries, i am Courtney Collins. This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Cyber monday. Threatening the oneday shopping reign, andyear donald trump refuses to quit tweeting, and female coders. Even though there is unprecedented growth, there is still not enough to fill jobs, and sounding the alarm under president elect trump, but first, to our lead. Cyber monday, Online Shopping a onedaye idea of Online Shopping extravaganza is fading, because more u. S. Consumers are choosing to skip the doorbusters and shop anywhere they want, but this was the first day of retail history with more than 1 billion in revenue, a 33 jump from the year before. That has led some to say that this was the moment when shopping on a smart phone officially went mainstream. Our bloomberg contributing editor and a director of research, john. John, i will start with you. John, do you think cyber monday and black friday are already things of the past, and if so, why . John no. There is still value. I run the Internet Research group, and you see amazon has been pretty focused on they are calling it like the fiveday of black friday through cyber monday, and they get a lot of traffic, and obviously a lot of sales. Last cyber monday, they sold over 53 million items. They are running black friday promotions for 33 days at amazon, december 22, so i kind of agree that, yes, to a degree, it will be way more spread out over time. david, i love my shopping. We know that more americans actually shopped over the weekend but, in fact, spent less. What do you think the implications of that are, and do you think it is that sales are just so steep now . It is funny that k iday lasts 33 days. Black friday, you cannot fight the tide. Convenience, pricing, selection, free delivery. Online is just a machine that is Getting Better and better oils. Oiled. With are those coming up interesting, creative ways, new kinds of products and services. There is not really a good way that the offline brick and mortar world can fight back longterm. I do not think that means that goes away, but we are seeing a fundamental shift towards online and convenient. Whether the overall sales are going to be affected by that, i think he will do spend more when it is easier, so longterm, i think it is good for the economy i think people do spend more when it is easier. Emily amazon is growing at a simply unprecedented rate. Walmartamazon versus do, in particular, with black friday cyber monday . John they are expecting much better growth of this year versus last year. 8 Fulfillment Centers overall, they are adding 28 this year, versus 14 last year, and they announced on the Third Quarter call that they are increasing their for film and footprint i30 percent yearoveryear. Plus 22 on average they are increasing their footprint by 30 yearoveryear. We actually estimate that revenue will accelerate. There in commerce revenue. Mmerce revenue, and we have got a lot of proprietary data, and we have noticed with andicals, with consumables groceries, accelerating purchaser growth. They are growing in huge verticals that are not core, like media and electronics. With this kind of growth, where are the cheeks in the armor . The chinks in the armor . The content is amazing, and as john was saying earlier, building a moat around prime to keep people from leaving it, and forgive me for quoting you, amazingly lown is on amazon prime. To me, they are profitable in the u. S. , apparently, but they are spending so much money to expand globally at amazon, you wonder at what point will they have to sort of slow down the growth and really make an ongoing, profitable business . This is a company that loves to grow and does it as well as any company we have ever seen. John, we had another piece out today about amazon oning a harder review reviews on reviews and taking a harder view on bad reviews and fake products. John we did something with my retail colleagues, and we were sitting there for hours, listening to the focus groups, and there was some concern about fake products, not only from thirdparty sellers. And like weaid, have written about in the last years, they are on a march to gain share and be the biggest retailer in the world, so they will get this cleaned up, and they need to. Some ofthe focus group, the key reasons they rely on amazon is customer reviews, because you cannot try the clothing on and things like that. It is important. Because, ultimately, it is all a trust factor with their customers, and they need their customers to trust them, though i am sure they will be fine. They and, john, what are trends you are expecting with amazon and other retailers, deals, etc. . John amazon, the issued a press release days ago. On their own electronic devices, 15 to 30 . They are on their handle echoes and kindle fires. Apparel. There are a bunch of deals, so customers will get a good deal. A price leader. They are a price follower. It is really more about, as david said, and we have written a lot about it, too, the convenience factor. 50 million prime members in the u. S. , tens of millions internationally, and that is really the biggest driver of their business right now. John, thankight, you, and david, you are sticking with me. Story we are watching now with a lawsuit being sued by a venture capitalist who claims that Ceo Elizabeth Holmes lied about their blood testing technology. S hadawsuit says that holme overstated. Remove her, they said that they were able to run tests with just drop of blood at a fraction of they said remember, that they were able to run tests with just a drop of blood. Coming up, we will get a cyber monday on the ground outlook from one of the fastestgrowing ecommerce sites. The ceo weighs in. This is bloomberg. Emma lisa now to a story we are watching, passengers treated to now to ade emily story we are watching, passengers treated to a free ride. All data encrypted. The hackers demanded roughly 70,000 worth of bitcoin, and the hacker has threatened to release stolen information if the agency failed to fix its vulnerabilities and pay the ransom. Holiday shopping. We saw a spike in Online Shopping, but the amount the customers shelled out actually dropped. About 10 lessnt over the weekend versus a year ago consumers spent about 10 less over the weekend. Largest online retailer for furnishings, and talked, niraj shah, about whether it is more important to focus on the margins or to keep customers coming back. Do we run a little thinner . Sure, but, frankie, our margins are quite good frankly, our margins are quite good. , if it is ayfair barometer, what does it tell you right now about what consumers are spending . Niraj we have been running three times growth rate, so because we have been running 20 to 30 times the growth rate of the entire industry, it is a little hard for us to read the consumer. We were a little nervous based on the other things we were hearing from other retailers, but i think what is happening is a shift on line. We have been seeing incredible results so far this holiday. I think the consumer is doing fine. I think the difference might be shifting online. Reporter donald trump and the kinds of trade agreements he might make and how that might impact your business . Wayfair, we do not really take any critical stances because we service everyone, but whether there are in the import duties, there have been many. Is vast amount of decor imported into the United States, and it is not just us but all of our competitors that are importing it, as well. We try to source as much in america that we can, made in america, but i think it ends up being great for america that we pursue it will be fine for forarer, four wayfair wayfair, we can best fit our customer. Anchor saying that now is the time to path between now and the inauguration to see if there is a new plan or tax cuts now is betweens to pause now and the inauguration . We have been growing. Last year, we did over 2 billion. This year, we will likely do over 3 billion. Things our customer will benefit from, these are things on the logistics side and the urgent dice side, and we are seeing gains on the logistics side and on the merchandise side, we are seeing gains. Investing now. Congratulations, and i know you are hiring a lot for the holidays. Would immigration or some other rollback policy or a of some of the Affordable Care policies, would that impact your business . No doubt thats there are some policies that would affect our business, but we are very progressive. We were offering things well before the Affordable Care act, so we do not wait for the legislation in order to take care of our folks. I think a lot of what might change will not affect us at all, but we will figure out the best route forward. Reporter when you look at expanding, which i know is a goal of yours specifically in the u. K. In germany, these are the largest markets in the world. Europe and north america are well over half of the spend in these categories, and that is what we are focused on. I know you are, happy to speak to the people, and i was communicating with a researcher earlier today who said he still does not believe this Business Model because it is not profitable and that at some point, you will have to raise cash. If you look at the interest in , it has been lower, but it has risen. What do you say to shortsellers right now . Our view is to look at the Long Term Care we were profitable for years, and that is one reason why my cofounder and i own so much. Most of the shortsellers have not done much, and these are folks who wanted to short google and it became public and to short netflix when it became public. The fact that there is sort of a debate about whether or not befair is going to successful, that will be true anytime you have a disruptive business. Think about the debate around amazon years ago. You are welcome to short our stock, but we are going to build a great business, and we think there will be a day when does shortsellers think it is time to buy our stock. Reporter do you need to raise money in the next three to six months . J we do not need to raise money. I think that is something that the shortsellers say to create traction. Ceoy that is the wayfair and cofounder, niraj shah. Coming up, the most recent tweet storm and his using the platform. This is bloomberg. Emily president elect trump continues to use twitter to communicate with the electorate, and he made the unproven claim that Hillary Clinton won the popular vote based on voter fraud. Won if youwould have deduct the millions of people who voted illegally. He also talked about shutting ties with cuba. He said that the cuban people he would terminate the deal. Makes the transition to president , it looks like he will not turn over his twitter account to staff. Here is what he had to say. yesterday, i think, one hundred thousand people, and i am not saying i love it, but it does get the word out. There is nothing you should be ashamed of. So just how should the most powerful person in the world make use of the platform . Covers donald trump for Bloomberg Politics and joins us on the phone from trump tower, where she has been stinking up andntial cabinet people, david is here. Jennifer, i will start with you. It certainly makes you wonder, what comes next . Jennifer yes, you know, i think what we are seeing right now is that the president elect has not much, but he very has not been totally hidden from the American Public because he has been on twitter, voicing views that are clearly coming from him. Staff t sound like neither one of those tweets you read, they do not sound like they had much involvement from staff. About Hillary Clinton having a 2 million vote lead is only because of what he says is voter fraud by undocumented immigrants, and that just fits entirely to his persona of meeting always to be the winner and to defend himself and also to make unfounded claims of dinging always nee always to be the winner and to defend himself, and like the pushback from a reporter who could have said, wait, you are saying that there is voter fraud in massive numbers . How is that the case . Evidence do you have . So he put it out there on twitter, and many internationally get up, and they may say in their headlines that it is false and that there is no proof, but it is still out there. Like you said in an interview, there are people who are just getting their information from his twitter feed, so they believe that is correct. Emily a top election official in california responded to the tweets about voter fraud, calling those allegations absurd and also saying that those reckless tweets are unbecoming of a president. David, what could the impact of the most powerful person in the world be, being so direct and unpredictable, when he is actually in office . David well, first of all, i think the idea, in eerie, of the president in theory, of the ing to thetweet public could be a good thing, like the fireside talks, but as jennifer points out, if he is buying fake news stories and repeating their assertions as if it is fact and not putting himself in a position where he can be challenged or corrected, that is disturbing and unprecedented, as so many things with donald trump are. I think it is important to byarate the use by twitter trump and the way twitter is being used. We have had leaders who do not understand technology, and yet, here is a leader who at least does. Emily others said that twitter should have kicked donald trump off because some of his tweets could have been called hateful or offensive, and that is exactly what twitter has been trying to crack down on. Is there any concern in the circle of people close to trump about what happens when he is in the oval office . Jennifer yes, i think this is one of the challenges of the people around the resident elect. Some of them are very much of p belet tgrump trum trump, and there are others who want him to be a more cautious politician, and that once he becomes president , more so than president elect, everything he says in Public Domain will be parsed carefully by the voters, andoreign allies and foes that that could be a risky thing if it is totally unfiltered. Emily jennifer epstein, staking tower, and david, you are sticking with me. Next, girls who code. Generosity is its own form of power. You can handle being a mom for half an hour. Im in all the way. Is that understood . I dont know what shes up to, but its not good. Cant the world be my noodles and butter . Get your mind out of the gutter. Mornings are for coffee and contemplation. That was a really profound observation. You got a mean case of the detox blues. Dont start a war you know youre going to lose. Finally you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. On Courtney Collins and youre watching bloomberg technology. Officials have identified the man behind the ohio state ,niversity attack today according to multiple reports, he was killed by police. He was at ohio state student and legal u. S. Resident. Officials say he drove into a group of people before going on an attack with a butcher knife. German chancellor Angela Merkel is announcing the tone of this years u. S. Election campaign, saying she will resist using popular rhetoric in her own bid for a fourth term. Runconfirmed that she will next year. That Prime Minister the Prime Minister is weighing his chances. Minister wonime about 67 of the vote. For the First Time Since 2009, when it became the worlds first open currency country, zimbabwe is training its own money. People took to the streets to protest the money. The ims said experience aserinflation as high 500,000,000,000 . Global news, 24 hours a day, in more than 120 countries. On Courtney Collins, this is bloomberg. Monday hereter 6 30 in new york. By paul allen with a look at the markets. Good morning. Aul good morning, courtney. Results off a little more than 2 , on reports that craft will put its proposed merger of International Assets on hold. There are reports the arrest of 16 employees in china is a factor in this decision. Aboutre price pushed back 80 overnight, the highest level since october 2014. On therth keeping an eye iron ore space, particularly rio tinto. 3 onat the moment off reports there have been talks to sell a billion dollars worth of australian coal assets. Rio is being looked at by the european u. S. Security and exchange commission. A little bit of data out of japan, the jobless rate expected. O stay on hold more from bloomberg technology, next. Emily president elect trump campaigned on the promise of jobs. We know there is already significant demand for tech workers. In 2015, there were 500 rows and unfilled computing jobs in the United States and only 40,000 new Computer Science graduates to fill them, according to her report. Still with us, David Kirkpatrick and are bloomberg exhibiting editor who join us from new york. Youre out with an all bad talking about how trump plans to create jobs, bringing back old manufacturing jobs. You say this approach will not work. Why . The jobsd to focus on of the future. What we see across the country are young women who want to learn how to code, because thats where the jobs are. Our group our report showed their 500,000 open jobs only only graduate 40,000 Computer Science graduates last year. Only 10,000 of them were women. Business executives say thats her number one problem, they cannot find enough engineers fast enough. Technology has infiltrated every we need to retrain our workforce. I always said, my father would say you have three choices, you can be a doctor, lawyer, or engineer, because thats where you can make a good wage and work your way up into the middle class. We need to have that conversation with young people right now. Emily we know that dollar condos have to use twitter. How concerned are you that the gender gap under a trump administration, and president obama see