Theaters sherlock holmes, on his latest big screen role mathematician alan turing, who broke the nazi enigma code during world war two. Woodruff plus, mark shields and david brooks analyze a full week of news. Those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Lincoln financial committed to helping you take charge of your life and become youre own chief life officer. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff a flurried frenzy of shoppers lined up at Stores Across the country, as retailers competed for holiday business in a year thats seen lackluster sales so far. Woodruff the annual black friday shopping blitz got underway early. Many Big Box Stores opened on thanksgiving day so bargain hunters could capture doorbuster deals in advance. I like to be out with people. Some people are crazy out there, crazier than we are you know, 1080p television, i did a lot of searches online, over and over and over and over and over again for the last two weeks, and this is the best deal that i could find. Woodruff many waited hours in line for a chance to snag deeplydiscounted merchandise. For store managers, black friday means big business. Its a day when many retailers average as much as 20 of their annual sales. This is what we prep the first three quarters for. This is the Fourth Quarter for us, big time, fun time, and a lot going on, i mean this is where you want to be. Woodruff the National Retail federation estimates about 140 Million People in the u. S. Will shop at some point thanksgiving thursday through sunday. More than 25 million of them were expected to take advantage of the sales yesterday alone. Across the atlantic, british shoppers were copying the black friday frenzy. Scuffles broke out among customers battling to get the best deals. But for some back in the u. S. , this black friday took on a different purpose. Workers picketed walmart in numerous locations across the country demanding more full time jobs and 15anhour wages. A handful were arrested in chicago for blocking traffic. While in missouri, protesters voiced their anger over the recent grand jury decision not to indict the Police Officer who fatally shot a teenager. They demonstrated at walmart and target stores. The ferguson area has already taken a major financial hit from rioting in the wake of the decision. These arent just buildings. These arent just businesses. These are peoples lives. This is their employment. For a business owner, this is what they commit to every day so woodruff the st. Louis Regional Chamber estimates some 60 businesses around ferguson were looted, burned or vandalized this week. Woodruff missouri governor jay nixon announced new plans today to offer nointerest and lowinterest loans for businesses affected by the violence. Police in austin, texas searched for a motive behind a gunmans attack on the citys Downtown Entertainment district early this morning. Around 2 30 a. M. , a lone gunman sprayed the courthouse and Police Headquarters with a barrage of bullets and tried to set the Mexican Consulate on fire. The suspect died on the scene, and his car was checked by a bomb squad robot for explosive material. Authorities later determined it was safe, and austins police chief said the impact of the attack could have been much worse. Its important to note that hundreds. Over 100 rounds we dont have an exact count obviously, thats part of the investigation but many, many rounds were fired in downtown austin. Were very fortunate. This thanksgiving friday and this weekend i give thanks that no one but the suspect is injured or deceased. Woodruff Police Identified the suspected gunman late today. Hes 49 years old and lives in austin. Woodruff in Northern Nigeria today, at least 80 people were killed and many more wounded in a bomb and gun attack on a mosque. As many as three bombs ripped through the Central Mosque in kano, nigerias second largest city. Shortly afterwards, hundreds of rioters filled the streets throwing stones and sticks. The attack bore the hallmark of boko haram, the sunni jihadist movement, but no group has yet claimed responsibility. Woodruff in syria, rebel fighters made big strides south of damascus today by capturing a string of towns from government forces. Rebels hope by reaching the capital city from the south they can bring down president Bashar Assads regime. Their success stands in contrast to northern syria, where u. S. Backed rebels are struggling against Islamic State militants pope francis had strong words for Islamic State militants today, during a visit to turkey. In remarks to the countrys muslim leaders, he condemned islamic militants perpetrating violence against christians and other minorities in syria and iraq. The pope is in the muslim nation for a threeday visit. Turkish president Tayyip Erdogan greeted the pontiff at the president ial palace in ankara. During his trip, francis is expected to push turkey to take a stronger stance against islamic extremists. Mexico announced a government plan to crack down on crime today. President Enrique Pena Nieto said hes giving the Mexican Congress the power to dissolve local governments that have been infiltrated by drug gangs. The plan also gives state authorities control over municipal police. The crackdown comes two months after 43 College Students disappeared, and were allegedly murdered by a drug gang working with local police. On wall street today, stocks closed out november with the second straight month of gains. In a shortened day of trading, the Dow Jones Industrial average gained half a point to close at 17,828. The nasdaq rose four points to close at 4,791. The s p 500 dropped 5 points to close at 2,067, mainly because of the sharp drop in crude oil prices. For the week, the dow lost a quarter of a percent. The nasdaq rose one percent. The s p was nearly flat. Ray rice, the former running back for the baltimore ravens, had his appeal of an indefinite suspension by the National Football league overturned today by an arbitrator. Rice was initially suspended for two games. But when a video surfaced of him punching his thenfiancee, n. F. L. Commissioner Roger Goodell made the suspension indefinite. Rice was let go by the ravens. The decision today means he is eligible to play again but analysts say that is unlikely before the season ends. The first family welcomed the official White House Christmas tree to washington today. The 20foot white fir from a pennsylvania tree farm arrived by horsedrawn wagon this morning. First Lady Michelle obama, daughters sasha and malia and the family dogs were on hand to receive it. The tree will stand in the white houses blue room throughout the holiday season. Woodruff still to come on the newshour whats causing oil prices to sink to a fouryear low . Shopping malls going out of business. Mark shields and david brooks analyze the weeks news. Actor Benedict Cumberbatch on playing complicated characters. And chinese buddhists in an Unlikely Alliance with the communist government. Woodruff oil prices dropped again yesterday, this time approaching 70 a barrel after the opec cartel decided not to cut production levels. The decision comes after pressure had built among some opec members for a cut. Output keeps growing in the u. S. And elsewhere. New shale production here has added one Million Barrels of oil to the market this year. The average price at the pump is now 2. 80 a gallon, and below that in some areas. Thats nearly 50 cents a gallon less than it was a year ago. Prices for crude have dropped by more than 30 since the summer. There are a wide variety of consequences to this big drop, here and abroad. We explore all of this with kevin book of Clear View Energy partners, an independent firm that looks at Energy Research and investment. Welcome to the program. Thanks for having me, judy. Woodruff why did opec members decide they didnt want to cut production levels now . There are two different parts of the opec membership now the gulf producer states kuwait, saweddia, qatar and the united arab emirates, and and then the gulf producers didnt want to make the cut. They wanted the see if america would balance the worlds supply and discipline the other members who were pushing for a cut so they bear some share of the burden when it happens. Woodruff the first part, what is it theyre looking for in the u. S. And the west the western Oil Producers . The u. S. Producer is a highcost producer for the most part. A lot offour new oil, the shell oil and other type formations you hear so much about is expensive relatively to the world market. So if you look at where prices have gone, at least some of it is likely to stop. You dont shut in wells here in the united states. What it is is you dont drill the next one. Because the wells declined so fast, it means there is some possibility you will start to see a response, much like the response the saudis used to do on their own which supply will just start to taper off. But we havent seen that yet. It hasnt happened yet. The other thats right you mentioned was a difference of view among opec members. Venezuela wanted to see a cut but didnt want to be their oil. Saudi arabia hopes to remedy that in the next several months. Woodruff so they keep production at a level about where it is right now, oil prices are dropping. How long will they stay that way . Other things are happening, too. Demand is more globally. You would expect to see with prices falling this much a rebound, uptick in transportation event, more people driving, flying. But the truth is weve gotten more efficient. So you dont feel it as much. Gdp drives most of the incremental demand in the developing world and their gdp isnt growing as fast so youre getting slow time on the demand side. That could pick up and curtail some of the glut right now but i expect to see it go another three to six months. Woodruff who is hurt by the most in the mean team . A number of countries are being hurt now. The biggest feeling it is venezuela. A lot of their oil is already spoken for, goes in kind to china. Even if the price were higher, they couldnt take a hiring price for it. Iran might have another Million Barrels a day if theres an iran deal on Nuclear Sanctions with the p5 plus 1, and they very much dont want to rock the boat because they need to ask for something later. Woodruff russia. Russias in a situation where theyre not only face a low price but cant develop some of the fields they want to. Russiaen progress is three to five years out, theyre facing stark declines in the conventional fields. Woodruff consumers in the u. S. And elsewhere who use a lot of gasoline in the u. S. And elsewhere are happy to see price goes down. This is a shot in the arm to the u. S. Economy. 55 billion a year based on the decrease. Thats a lot. It doesnt go everywhere all at once. Some consumers might not spend right away. The longestdistance drivers who are the most affected are the ones in the lowestincome households and they may not be rushing for stores for reasons that have anything to do with the gasoline price. Woodruff can you say what the near and mediumterm effect will be on the u. S. Economy . Its likely to be similar lative and likely will take time to stimulate. Year to date the price drop hasnt been here that long, so on average household, we estimate about 80 per individual that actually has been received by lower prices to date. Thats not a lot of stimulus. Full year at 35 a barrel, youre talking about 30,330. Woodruff no ones drivingless. They might start driving more. Woodruff kevin book, Clear View Energy partners. Thank you. Thanks so much for having me. Woodruff much of the attention on black friday focuses on just how much people will spend. But one story thats also important for retailers and local economies is a big shift in where people are shopping. Economics correspondent, paul solman, looks at how those changing habits are affecting the traditional mall. Its part of his ongoing reporting making sense of financial news. Reporter the remains of Rolling Acres in akron, ohio, poster child for a recent phenomenon in america the dead mall. This one went dark in 2008, fixtures auctioned off, others swiped or vandalized, nature now reclaiming more than 50 acres that once hosted macys, victorias secret, the parisian 140 stores at its peak. University of akron economist amanda weinsteen even just a few years ago you would see lebron james as a teenager he would be hanging out here and now we see teenagers are breaking in and Homeless People occasionally have been living in there and so its really changed a lot. Reporter talk about understatement Rolling Acres opened in 1975, swelled to 1. 3 million square feet of retail. It was once the place to shop for miles around. But neighborhood income began to stall, as in so much of blue collar america; teen gangs crept in Rolling Acres was on a roll in the wrong direction. We started seeing more discount stores; the j. C. Penney turned to a discount outlet store; so trying to get stores with the lowest prices possible. Reporter but why spend money on gas to schlep to the mall when you can now get the lowest prices possible online . Is this then the future for the american indoor mall, decades after it was hailed as a Retail Revolution . And now lets see how shopping can be fun; real fun. Reporter in the 1950s, car culture spawned the suburbs and launched a half century mall boom 1,500 built from 1956 to 2005. These young adults shopping with the same determination that led them to the suburbs in the first place, are the goingest part of a nation on wheels. Reporter but barely 1,000 indoor malls are left today, not a single new one built since 2006. Malls have been declining for years and will continue to decline. Reporter the Harvard Business schools Len Schlesinger. You mean malls like Rolling Acres in akron, which is just. No, no, no. Im talking about the high quality malls that have been. What we call the a malls. The b malls and c malls, the ones that have never drawn high end customer bases or high end traffic, those are already in the process of being repurposed in all sorts of ways. Theyre becoming bowling alleys, storage facilities. And well continue to see the repurposing of that real estate. Reporter 15 of malls will fail or be converted into non retail space in the next 10 years. Why the acrossthealphabet decline . Well, Online Shopping has doubled in the last seven years; tastes and habits have changed. Whats the matter . You look depressed. I hate working the theatre. All the actions on the other side of the mall. Reporter for example, no longer are malls teeming with teens. What can i do for you . Can i have your phone number so i can ask you out sometime . Reporter today teenagers play out their angst elsewhere or at home, on their computers, while the parents are shopping on theirs. So many malls; so little time. Thus even the atrium mall in upscale Chestnut Hill, massachusetts is now a construction site. It had marble and brass and lots of lights and mirrors, and so we had to find a way to repurpose it, but really mask the image that was sort of 1980s. Reporter lets never forget the three rules of real estate location, location and location. So developers are demalling atrium. Architect larry grossman. This is in fact the third time ive done this, because malls have tended to fail. In this case, its a total redo, where were looking for office uses, medical uses and retail mixed within a single structure. Reporter just down the road, a oncefoundering middlemarket mall has gone upscale. The old Chestnut HillShopping Center is now the street, an al fresco faux town center with toney restaurants and shops, including the polkadog bakery, featuring Natural Foods for fido. And a former macys is now superlux, a highend cinema with table service. Reporter brian sciera of w. S. Development says these so called Lifestyle Centers had better be unique. If we want to survive today we want to carve out a point of difference in the marketplace where we become something special. We have to be out of the commodity business and into the experience business. Reporter starting at 20 dollars a seat, for instance, cinema style and comfort, including chocolate martinis. Thats because, says, Len Schlesinger the fundamental question becomes one of whats going to draw traffic to a Shopping Experience . And its no longer the stores, now its movies, gyms, restaurants and entertainment. And i think what the developers have done here is actually the new normal. Reporter no guarantee. Never a guarantee in retail. Never a guarantee. Reporter but Chestnut Hill, with its evermore wellheeled residents, is a much better m