>> the houses are mostly teardowns. most of them will never be lived in by anyone. it has destroyed a really pristine piece of land. >> narrator: it's a painful and constant reminder of the time when a greedy wise guy came to constant reminder of the time when a greedy wise guy came to town. -- captions by vitac -- ♪ good morning. welcome to "street signs." i'm julianna tatelbaum and these are your headlines. chinese profit growth slows suggesting more systimulus may needed to boost the economy and pulling global equities lower. israel and hamas exchange prisoners and hostages through the weekend. negotiations for a potential extension ongoing. the uk announces nearly 30

billion pounds of fresh investment of the country as it seeks to boost slowing growth. the innvestment minister tells cnbc the economy will benefit in the measure. >> it is important we lead to the global investment to lead to jobs andi wealth creation for people in britain. this is not just a schmooze fest. consumers shrug off worries with spending on black friday hitting a fresh record and shoppers ready to chase more deals on this cyber monday. good morning to you. happy monday. welcome back to the u.s. viewers who were off for the thanksgiving holiday last week.

we were off to a muted start. stoxx 600 below the flat line. a quiet week after the short trading week stateside. thursday was the day americans were off for the thanksgiving holiday. we had most of the apec region trading lower overnight with the industrial chinese profits with a third monthly gain, but slowed in october. we saw a pullback in chinese property stocks. a downbeat tone for trade this morning. from a regional perspective, this is the split in europe this morning. the different indices are doing. broad based pull back. ftse 100 with out ssized losses. we have a patch of green on the board with the ibex 35. muted and downbeat start to the

session today. from the sector perspective, this is the split. under performance in the oil and gas sector. that basket of stocks down .80%. autos are lagging down .5%. basic resources is down .4%. we are seeing ceiselling with t chinese market. up 2.7% on the year for profit growth. a big slowdown compared to the previous month which has only added to worries more stimulus may be needed. you have this tricky balancing act to wade through. it suggests we could see more stimulus or should read it as negative that the chinese economy is struggling to gain momentum. i mentioned the tone in europe. shanghai is down .40%.

in japan, you saw selling with the nikkei 225 down .50%. what is in store for the u.s.? a bit of red on the board there. global trend this morning with the pullback after the shortened thanksgiving trading week. di dow jones industrial average is o opening 60 points lower at this hour. let's bring you the update on what is in store. there are key meetings and data prints. we will cross to the uk global investment summit in london today and to brussels for the in a owe fnato's foreign summit. we get easy jet earnings on tuesday and then investment from spain and germany and revised gdp. on thursday, it is the start of the cop-28 summit in dubai

compensated with the full summit in dubai. we will get numbers from france and eurozone. on friday, we get final pmi across europe and italian third quarter gdp. a lot to think about this week. joining me now is our guest. >> thank you for having me. >> let me kickoff with the month of november as the month comes to a close. it was strong for equity markets. a rebound with four straight weeks of gains for the u.s. market. in your view, what do you pin that strength down to and what drove the reborebound? >> one of the things we have looked at it sentiment. it is the key issue for the year, clearly. at the beginning of the year, we saw the rebound in investors and retailers together.

we saw a pure bounce in retail money. surprising, these are done on values on the stock market that you know of and the magnificent seven. it has a strong connection with the fate of the companies and what is happening in terms of positioning retail money. it is fast flow of money. it has been moving up and down throughout the year in a weird pattern. >> how have institutional investors fared in the period? have institutional investors been positioned for rebound or has it been painful? >> if you are a trend follower investor, you gain the trends and you have been short and you have been plebleeding throughou the money. for the rest, they have been building up equity exposure through the year. this situation now is very

different from last december. december, everything was quite cheap. we had low positioning in the market on both sides. retail and institutional. we have stretched valuations at the moment and we have overweight institutional strength. the last key factor could be repositioned throughout the month. >> you said you think valuations are stretched at the moment. that's my interpretation. does that suggest you don't think the rally has legs? >> what i think is it has legs for the rally as long as the macro plays through. what we have seen so far is mostly a matter of positioning and valuation. that depends on why so many asset managers are behind the benchmark this year. if you want to push the valuation higher, we need to be surprised by earnings. at the moment, the earnings

expectation now around low double digits for the next two years, which is a decent set of numbers in terms of earnings growth, we need to be surprised positively by that. if you look at the numbers in the u.s. overnight, it seems we are going in that direction, but still the consumer is very likely to be the cornerstone of the continuation of the rally. >> do you think earnings will remain as resilient as they have been? are you optimistic on them? i know the retail sales numbers have come out on black friday and theyencouragiencouraging. how is the u.s. consumer hold up and how does that hold up to earnings? >> there is a lot of confusion with the u.s. consumer. the gdp report was strong. the black friday numbers were online and strong. if you ask the european stock

pms what they saw from the earnings season was a lot more cautiousness from consumer discre discretionary. the word they heard was down trading. they actually maintained the way they consumed, but going for lower quality elements which is all about consumption. in terms of growth in the u.s., it is about 7%. black friday to black friday is 7%. remember wages are growing in the u.s. not in europe as much. they have been growing in the u.s. and the consumer in the u.s. is in decent shape and tapping into savings. the perspective are for 2024 needs more macro in the balance than just sentiment and exceptional measures and negative valuations.

>> how do you think about u.s. versus european markets for 2024? >> the overall situation for us is that the fed and the u.s. economy is going to lead the way into 2024. by that, i mean the key question is the consumption to the fed. will we see a hike? how long will we see rates on hold? will we see cuts? even eventually. that moment is when the market could rising for other reasons than sentiment and valuation. >> what about europe as a region? how are you thinking about the outlook in 2024? >> the outlook of europe is somewhat six-month delay over what we see in the u.s. currently in the u.s., we see the manufacturing improvement we discussed months ago.

europe is experiencing that currently and a lot of bearishness. europe is a lame duck. there is hope that europe could be doing better in 2024 and being more resilient and less fiscal issues to be solved compared to the u.s. there are values and negatives on both sides. there is no special case in the u.s. or europe at the moment. we want more consumption so the macro can support the valuation of equities and bring spreads lowe lower. without that, that rally will be short lived. >> thank you for joining us this morning. head of macro multiasset group at lombard odier. if you want to getconversation, me at x. coming up on the show, nato foreign ministers prepare to meet in brussels tomorrow amid a

temporary cease-fire in the middle east while the war moves in no uin ukraine. we will seek to the foreign affairs minister next.

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welcome back to "street signs." a cease-fire in the israel-hamas war held for the third day with hamas releasing 17 hostages in exchange for 39 palestinian prisoners. sky news editor dominic waghorne jo joins us now from jerusalem. talk about the conditions with the cease-fire and humanitarian pause extended beyond today. >> reporter: it very much has. it has been heartwarming to see the scenes of the hostages reuniting with families.

some thought their loved ones were killed on october 7th and they have seen them come home. there is a possibility of more coming home because the israelis and hamas can see the world where the truce can be extended. hamas wants to see that happen for a number of days more and the israeli prime minister benjamin netanyahu told american president joe biden last night. he said if it comes up with the names, it will prepare prepare d the cease-fire. qatari negotiations believe there are another 40 women and children, beyond the 50 expected to be released, being held by other groups. if hamas can find them and offer them an exchange, they will offer them. for the people of gaza who have had a reprieve come in and the

endless of the bombardment, but there is a threat which is clear that hamas will go back in hard after the truce ends, how long it isextended and now people in d gaza are facing the south where people were encouraged to move during the phase of the operation. now civilians are told to move out of the areas to areas of the west where the u.n. was asked to build a tent city. the u.n. will not collude with the displacement of palestinian civilians. there is a disaster looming in gaza for whenever the israeli military goes in. there is hope for the hostages being brought out.

>> thank you, dominic, for joining us this morning. tesla chief elon musk will go to israel as he faces anti-semitic remarks. he is expected to meet with isaac herzog. musk's platform x is engaged in a lawsuit against media matters watchdog after allowing anti-semitic posts next to advertising. comc comcast, cnbc's parent company, paused advertising on x. nato foreign ministers will gather in brussels tomorrow with the conflict in the middle east and the ongoing war in ukraine top of the agenda. girogos gerapetritis, the foreign affairs minister, joins me in studio. >> thank you for having me

today. >> the successful exchange of hostages for prisoners taken place so far and are you encouraged with the trajectory of the conflict there? >> we are firmly of the opinion the humanitarian pause needs to create a positive momentum and dyn dynamic. we need to extend the humanitarian pause because the truth is that apart from the exchange of hostages and prisoners, there are things that need to be done. we need to increase the humanitarian aid entering into gaza. we need to increase the entry points. we need to allow for a sense of facilities to resume and, obviously, we need to treat the injured people because there are a lot of injured people. there are a lot of things that need to be done and mostly, julianna, we need a humanitarian pause to think about the day after. you know, the important thing is to just foresee the permanent cease-fire and permanent

solution according to the security council resolution. it is important to start discussing about the day after. >> how do you get there? it seems very far away when you listen to benjamin netanyahu and what is going on with the hamas side of the conflict. how do you get from here to there? >> it is important of the critical mass of the humanity of most people and governments. we really think that the situation from the 7th of october from hamas has created an an appalling situation. for the moment, it is about accountability. it is trying to found a sustainable settlement to the situation. all governments are looking for pressure on the humanitarian pause. i think it is important to be dlib rative. i fully understand the right of israel for self defense.

self defense needs to be upheld by international law. this is why we are working on this project tomorrow with my nato he colleagues. i think it is very important, julianna, there is a creitical consensus of the middle east crisis. i, myself, have the opportunity to travel to jerusalem and try to exercise as much pressure as i could in order for a humanitarian pause that would be susta sustainable. the truth is we have to set aside all of the extreme views and to allow for more deliberate approach on the issue. >> how significant is it to see president biden weighing in here over the weekend where he in intervened by calling for the

extension of the cease-fire. many are saying his role in the conflict is what will determine where it goes next. >> secretary blinken's services are invaluable. not only is the u.s. the most important and valuable actor in the region, but also reasonable in moderation. that is why we have to employ those voices. secretary blinken is the person who talks to all sides which is essential at this moment. i think he will be in the position to lead the situation tomorrow over the nato summit. >> let's talk more about the nato summit tomorrow. in addition to the middle east, ukraine is top on the agenda there. what do you think nato should do next with regard to the role with the conflict in ukraine? >> the situation is continuing

and the truth is it is not going well. it has been a hard conflict after the russian aggression against ukraine. it is a dreadful situation. again, what i think we should do is try to be responsible concerning the aid against ukraine. we have backed ukraine, but the truth is we should try and further coordinate our activities in favor of ukraine and the truth is that because of all other regional crises, there is some sort of attention span. the truth is we should not underestimate what is happening in ukraine. we should firmly stick to the vision that war has no place in the contemporary war and we have to apply standards in all

conflicts. julianna, what we see in the contemporary world is many regions are suffering from aggression and revisionism. we have to apply common standards. i think nato and the european union have come out strong from the crises because there was obviously a commonality in the perception of things. i think we should further strengthen our leaders to protect the attacks. >> at the start of the invasion in ukraine, the solidarity was pronounced. has that solidarity waned at all with the conflict in the middle east taking attention away from the monetary and intellectual perspective? >> that's why we ought to work

prev preventively, julianna. we have prevent those aggressions. once those are in place, we have to stick together and we shouldn't be worried about the situation. we have to stand firmly by all those who are attacked. the european union has raised a signi significant budget in favor the ukraine. we meet with my colleagues regularly with the eu traveled ago and ex-ppressed our solidarity. the most important thing now is try to declare firmly that we will be with ukraine no matter what. it will be an uncertain value for us. and we should have accountability with this, julianna, and we need to address this. >> are you in favor of ukraine

joining the alliance? >> absolutely. i think there is a great mom momentum. on wednesday, we have our joint consultation with ukraine. i think it is an important step. it provides solidarity. it is part of the new security architecture for the western alliance. i think it is important to embrace the states which is the same with sweden. we expect them to be a nato member next. ironically, the ties with the western states have been strengthened with all of the aggression. i think it is a great opportunity now to enlarge, but also to become stronger. >> sir, we will leave it there. thank you for weighing in and sharing your views with us. i look forward to covering the nato summit in brussels. >> thank you. >> girogos gerapetritis, the

foreign affairs minister. and on a note, we will speak with jens stoltenberg today at 11:30 cet. coming up, global investors push into the economy as the major investment summit is set to kickoff. we will have the latest with our team on the ground next. has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. i'm andrea, founder of a boutique handbag brand - andi

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welcome back to "street signs." i'm julianna tatelbaum. joumanna joins me from the summit in west london this morning. these are your headlines. chinese industrial profit growth slows suggesting more stimulus may be needed as it pu pulls global equities lower. israel and hamas trade hostages and the issues over the cease-fire continue. and the 30 billion pound of fresh investment as it seeks

longer-term prospects. the investment minister tells cnbc that the investment will boost the whole economy. >> it is really important that the measures lead to the global investment summit and lead to jobs and wealth credit aation f people in britain. this is not just a schmooze fest. and conkconsumers spend bigh black friday hitting a fresh record and shoppers ready to hit more deals on this cyber monday. let's check on u.s. futures and see how wall street is poised to open after the short trading day on friday and week. it is red across the board. contained in terms of the

magnatude lower. we are getting flash cpi reports for the eurozone and we have china pmi to look out for and the cop-28 summit and opec plus meeting. a lot this week in markets. as for europe trade, we are seeing a similar trend in the futures as well as the apec markets overnight. it is red in europe. the ftse 100 is down .30%. ftse mib is down .50%. the spanish market is out performing this morning. in terms of bond markets, we are lower in had terms of yields this morning. italian btp is 4.8%. in the u.s., not a lot of movement. 30-year triading at 4.6%. turning back to the uk, prime minister rishi sunak says

global investors pledged 30 billion pounds into projects like tech and life sciences and infrastructure. the uk government is trying to lure investment to boost slowing growth. more than 2,000 are expected to attend the summit this week. as you saw in the headlines, joumanna is at the summit to cover. talk about the investments on the genagenda this morning? >> reporter: the first was held in 2021 and that aim was to bring in investment and encourage flow into the uk. more than 200 policymakers are expected to gather here. there is a literal red carpet at hampton court palace. every time someone shows up, the

trumpet plays. the point is, this is an opportunity for investors to get exposure to some of the best of british innovation here and think about the potential investment in the key sectors and innovation and life science and technology and energy transition. all of those themes are coming up. it is note worthy that the uk prime minister stated that they have secured 30 billion pounds of financial commitments as a result of the summit. that is triple the amount they secured back in 2021. moving in the right direction. i would say in terms of composition, two companies account for 50% of the $30 billion. $10 billion from the australian company for projects in the uk.

others have pledged several billion pounds to beef up the uk electricity grid. that is 17 billion from two other companies. there are plenty of other companies here as well. plenty of startups. i had the opportunity to speak to a man called harold mixx. you may be familiar with him. he is the founder of the battery manufacturing company over here in the uk. it is a vital company if you think about the transition and what will be needed to finance that transition in terms of battery and production. i had a chat with him earlier on. i said that you have the uk literally rolling out the red carpet and promising inn send t incentives, but can you compete with the u.s. which provided plenty more incentives for multinationals and smaller companies to move production and

manufacturing abilities to the u.s. here is what he said to me. >> there is ample opportunity in the space. what we are seeing around the world because of the challenges and macroeconomics challenges in germany and the uk, but there is really no other route to go than to promote clean technology. >> when you think about the jurisdiction you want to be in, why is the uk one that stands out? you also have the opportunity to expand in the u.s. where you have the inflation reduction act offering a lot of incentives for companies like yours. >> we are focusing on our home venture. it is trying to take europe off gas boilers. today in europe, you know, emissions from gas boilers is twice emissions from the transportation sector over passenger cars. there is a tremendous opportunity to be one of the leaders of that change.

the uk, i guess, is at the bottom in terms of adoption of that electrical heating. >> it is a business opportunity. do you sense the uk government is offering enough incentives for people to make that switch? partnering sufficiently? >> they are partnering, but in terms of the scale and what needs to be done, the boiler upgrade in the uk is offering a subsidy of 7,500 pounds to install a heat pump. that is appreciated. the challenge is that it is capped at 150 million pounds per year. that is 30,000 heat pumps roughly. there are 1.6 million gas boilers replaced per year. if you want to make a dent in that, that is what we are all about, you need to increase the cap in the future. >> vargas holdings is a company committed to the 30 billion

number we spoke about earlier. he spoke about the gas pump model and their plan to help customers within the uk switch from gas pumps to electric pumps. he mentioned it is key to havep. he said he would like to see a little bit more with subsidy. julianna, if you look at what has happened to flows within the uk over the last couple years, the trend has actually been on the decline. going forward, of course, this may change after this number today, but over the last couple years, earnest and young put out a report suggesting that year on year, uk declined versus the year before. in terms of all of europe, uk is behind germany and the rest of europe. it tends to create a lot more

jobs and tends to be more greenfill investment where companies come in and build bases from scratch. the point is many companies cited political turmoil and rising costs and labor shortages for not getting involved. the challenge for the government is to convince investors that is not the case and there is opportunity for the future. >> joumanna, thank you for setting the scene at the summit. stay with us for the next conversation with the managing partner of sv health investors. >> thank you for having me. >> the healthcare space is something i'm interested in with the innovation taking place there. in light of the summit taking place in the uk today, my first question he is how the is innovation compares to the health care in the u.s. the u.s. is thought of the innovation hub with the industry? >> the uk is smaller than the

u.s. if you take the biggest selling drug, excluding covid vaccines, it was developed in the uk by biontech. one of the things the uk is really good at is the fact we can take that innovative science coming from top universities in the uk and translate that into drugs and get them into clinical trials. one of the things in the uk, where everyone has an nhs number, and we can test the trials and therapeutics. we need to get that clinical data for the new potential drugs. >> that is unique to the uk because of the nhs system? >> we are diverse. this is a large population skill. you have good diversity and backgrounds and people trust the nhs. you don't lose people. one of the issues with countries

where people are insured, is you move and then lose the records. in the uk, you have one nhs record. you can always track them down. we have fantastic initiatives with our future health where they enrolled 1 million people and i'm part of it. you get blood tests and assessments and it is linked to your medical record and they can use that to see if you are at high risk for any potential disease. for example, we know there are 20,000 people at high risk for dem dementia. we have that potential for alzheimer's. we have a group ready to go we can start treating quickly and see if it makes a difference.

i'm excited for the potential we have over here. >> fascinating to hear that, kate. i'm here at the global summit at hampton palace. i want to ask if you think conferences like this will actually move the needle on the global scale. i know you penned an op-ed earlier this year saying the uk government has been squandering long-term solutions with the rising costs and cost of living crisis. do you think summits like this will make a difference in the long run? >> i'm not sure it will make a big difference, but it will make a difference to highlight the issues in the uk. if i go back to the covid pandemic, all of the clinical trials in the u.s. for the covid therapeutics, 95% were not

actionable. too small to get data out to change the way that patients were treated. that is not the case in the uk. we were able to bring together the large clinical trials that did alter the course of the treatments for patients. summits are a good time to remind people of what we can do and the great innovation on gege geomics. >> let me he ahe ask you a ques of brexit on fdi. let me he ask about the life sciences ambitions. >> we rejoined horizon.

we have academics at the restart of the stage which is great for the outcome. brexit hasn't had a big impact an. we have been able to recruit top talent which is critical for the companies. we will run the trials around the world. the uk is collaborative. if you look at the top cited papers coming out in the uk, we have over 60% have foreign authors on them. we are collaborative. actually, i've not personally been concerned about brexit. we haves we need and we are not blocked. from the regulator perspective, it will have reciprocal

regulation, so if the ema approves the drug, there is that reciprocated in the uk. it makes it easy to work in the uk with the smooth regulatory pro process. >> kate, many viewers will recognize your name here in the uk with the work during covid. in 2020, you were chair of the vaccine task force. really central to the vaccine development here. how have attitudes toward vaccines changed in the wake of the pandemic and what are the innovations that you would flag? >> i think vaccinations have improved because people recognize it is better to get recognized than to get seriously sick or die. we are running the uk cancer vaccine launch pad. the pfizer partner for the covid vaccine is now running trials on

cancer vaccines across the series of places in the uk which is exciting. if you can stimulate your immune response to tackle the the cancer, that is how we will be treating cancer patients. we don't want to wait until it is so bad so you don't do it. cancer is a failure of the immune system. that is underway and treating patients as we speak which is a huge outcome. the other aspect as i'm excited about is the potential for alzheimer's vaccines. we don't treat patients for alzheimer's until they have marked symptoms. doing cognitive decline or other recognitions by families. by then, they lost material and significant neurons which you will not replace. we have bto be able to identify

patients before being symptomatic. just like with heart disease. we identified patients they are at risk for heart disease and go on statins and manage their diet. we need to do the same with alzheimer's and intervene before patients get sick. ultimately, we nhave no reason o not do that. we have to generate the data to show it is safe and effective. i think in the uk we can do that. >> it is an awful disease. that would be increincredible. kai kate, thank you for joining us this morning. joumanna will stick around at the investor summit. she will speak to coinbase investors brian armstrong. coming up on the show, black friday online sales hit a record with shopper hshoppers hitting s

this cyber monday. we will discuss next.

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signs." black friday shoppers spent $9.8 billion in u.s. online sales according to adobe. it marks a 20% increase from 2022. david joining us from stifel. thank you for being with us. >> thank you for having me. >>s were strong. i heard conflicting data with foot traffic with black friday. i'm curious based on the data you follow what the read is on the success of the deals. >> it is interesting. when you look at the foot traffic, there's a bit of uncertainty there. when you look at the overall sales numbers online, you see a more positive picture. a couple of things playing into that. first, inflation hasn't gone away in the u.s. or uk. prices are up year on year. some of that extra growth and sales will just be although the

deals with black friday, but prices are higher than last year. also when you look at foot traffic in particular, i think while it has been a year of less online sales and more shift back to store, that is a turning point here in the uk and in the u.s. more people are shopping online because it is cold. all of those are feeding together to say online has more more of a winner in black friday particularly in the u.s. than in store retail. >> what are the themes this year of what people are buying? >> tech has been a real winner. i think partly that is to do with the good products out at the moment. particularly in the gaming space. you have seen a lot of sales there. i think also with the kind of deals we have and looking across the market with better discounts and more attractive deals.

i think customers have become more cautious around black friday deals. you get a lot of people which they evaluate and how much cheaper it was compared to the summertime versus a few weeks ago. that is tech because you have new products and new things out. that's where it can do well on deals because you don't have the timeframe to say what was it eight months ago. it is released on black friday and so it does well. toys as well. early data suggests it has done well. >> what about between now and christmas? you talk about the comparison pricing throughout the year. now shoppers are asking are prices going to come down further or go back up? how dynamic is that pricing? >> from experience, it is dynamic. the question is how well are sales going. retailers which had a big bump

in black friday and got through the stock they expected to sell, they will be in the position to leave prices not at the sale level and bank more profit. it is a key time for retailers making money on the bottom line as well as the top line. if sales had been tougher and a bit of hangover stock they don't want to drastically reduce in january sales, you will see more sales up to christmas to make sure the stock goes through. if we are seeing a lot more sales, perhaps it is good for the consumer and a sign retail has done better than it hoped. >> we tie this back to stocks and what deals to look out for here. what are your top picks in the sector? >> in terms of stocks, we have a uk focus at stifel. one is a surprise which is dfs. obviously, it hasn't been having a great time of it. it sells large sofas.

you know, when the market is tough and consumer budgets are tight, they pull back. that is reflected in the stock price.versus historically. that has a potential to bounce back. another one we like is moon pig. an online card shop. very high margins and strong cash generation. align has come down a bit. it is in a position as online sales will pick up. that is the top two. >> i love a personalized card. i can see where they get the high margins from. david, thank you for joining us and helping us in store what is in store for cyber monday and helping us review black friday. david hughes at stifel. let's look at futures and see how wall street we reopen a

holiday in the u.s. with thanksgiving day closed and the short day on friday. we see a similar pullback from europe and asia overnight compared to the u.s. that is it for "street signs." i'm julianna tatelbaum. "worldwide exchange" is coming up next. only sleep number smart beds let you each choose your individual firmness and comfort. your sleep number setting. and actively cools and warms up to 13 degrees on either side. and now, save 50% on the sleep number limited edition smart bed, plus free home delivery when you add an adjustable base.

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it is 5:00 a.m. at cnbc global headquarters. here is your "five@5." stocks looking to keep that november rally alive with the major averages riding a four-week winning streak. the numbers are in and despite the multiple retailer warnings, shoppers came out in record numbers online for black friday. we will see how cyber monday is shaping up right now. and damage control at x as elon musk books his high-profile meeting in israe