Trump's latest legal battle, Cyber Monday poised to be this year's biggest shopping holiday

Stocks waver to start the week despite Americans buying into the country’s biggest shopping holidays. On Capitol Hill, President Trump is dealing with another legal battle. His budget director, Mick Mulvaney, is being blocked from taking control of the Consumer Financial Protection Bureau (CFPB). Yahoo Finance’s Alexis ChristoforousMyles UdlandMelody Hahm and Jared Blikre discuss the big stories of the day.

Today’s topics:

  • Leandra English filed lawsuit over CFPB pick
  • Sen. Franken won’t quit Senate after groping accusations
  • Investors await Senate tax bill
  • Exxon Mobil reorganizing refining, chemical operations
  • Bitcoin closing in on $10,000
  • Retail stocks trading higher on Cyber Monday
  • Black Friday, Cyber Monday breakdown
  • Royal wedding Bells
  • Meredith and Koch Bros buy Time Inc. for $2.8B
  • JPM initiates FUNKO at overweight, with $14 price target
  • Big advertisers leave YouTube over videos exploiting children
  • Trump’s budget director Mulvaney is being blocked from controlling the CFPB
  • Holiday retail blitz
  • Exxon shifts operations to increase profits
  • Apple’s record iPhone X shipments


What do you think will happen to Black Friday and Cyber Monday in the coming years?

  • Both can co-exist
  • Cyber Monday takes over
  • Cyber Monday is going away.