this is "nightly business i wait all year, instead of buying stuff, i wait until black friday. it's all cheaper. >> deals and door busters. the holiday shopping season has begun. a critically important time for retailers. but who will win and who will lose? driving for a deal. shoppers are also hitting the lots as automakers roll out sweetened offers on new rides. shopping for stock. our market monitor has names he says could see double digit returns in the next year or so. those stories and more tonight on "nightly business repor good evening, everyone. i'm kelly evans in tonight for

sue herera. >> and i'm bill griffeth in for tyler mathisen. welcome aboard. >> thank you. >> here on wall street today, the s&p 500 and the nasdaq closed at records on this shortened holiday trading session. but we begin tonight with retail which helped push those indexes to new highs, as investors bet on a strong start to the holiday a critica period for that industry. lines were long at some stores on this black friday. early estimates say shoppers could spend more than ever before. and retail executives are hoping that that turns out to be the case, especially since unemployment is >> black friday was very strong online as well as the traffic that came into our stores last night and that are here today in our stores. so a good start to the whole black friday shopping season. >> our margins at brookstone are up. the inventory is cleaner. the inventory arrived later this year, on purpose.

and so now we have to come through. >> we have 2,500 people waiting at the front door this morning. early indications show we'll have a fantastic holiday season. november was really strong already, leading into this weekend. based on the predictions, we feel like we're right in par with that. >> courtney rea is on the ground for us at the woodbridge center mall in woodbridge, new jersey. courtney, you've been doing this a number of years. what are the crowds like today and how do they compare to crowds you've seen until the past? >> reporte bill, it's an annual tradition for me just like for many of the shoppers here. you know what, i think the crowd looks pretty good. i will also admit it's getting stronger as the day goes on, because we've seen the traffic patterns change over the years on black friday. it used to be you had to come very early when the stores open. but then many retailers, the big box stores especially, walmart, target, best buy, they opened their doors early on thursday night. you see a lot of deal seekers go there.

we saw a lot of lines, good traffic reports from around the country there. patrick mckeever is an analyst, he was at several walmarts and saw traffic very strong there, perhaps better than what he saw at target. but now at target it looks like a normal day, perhaps because all the shoppers migrated to the mall. the crowds have been getting bigger all day long. now we're seeing some of these leisure shoppers. they're not after the door busters anymore, those are done. now it's maybe some self-gifting that we're seeing here. >> what about those discounts, courtney? are they cheaper than usual to get more shoppers into stores? >> reporter: markettrack take a look at this. they study the circulars to look at the prices. believe it or not, prices are actually a little less steep this year when we're talking about the discounts. so only walmart and sears had discounts that were better this year. other retailers like best buy

and kohl's, jcpenney, those weren't as deep as they were in years past. the ceos confirmed that to us. the margins may be better for them. hopefully the consumers find the deals good for them too. >> any surpris >> reporter: yeah, i think we're still surprised when we see outages online. lowe's had an outage for a period of time, so did h&m, that happened twice. macy's is experiencing a problem processing credit cards, a slowdown there they're working to resolve. always a surprise when you know this is the biggest day of the year. >> indeed. courtney reagan from her perch in woodbridge, new jersey, thanks, courtney. >> reporter: thank you. some of the most popular stores on black friday are the big box retailers. they're going above and beyond to lure shoppers through their doors. morgan brennan is at a target in >> reporter: even as online

shopping soars, some consumers woke up early and came to this jersey city target to comb the shelves for deals and hard to find products like the iphone x. >> i was checking to see if they were in stock, they were. i thought, i'm already awake, i might as well. >> i'm interested in buying the google home mini and other christmas decoration deals. >> we've stumbled upon this coffee maker right here. now we're thinking about getting this speaker. >> reporter: once again, electronics offers some of the best deals at the big box retailer. with televisions, apple devices, and gaming consoles among the most popular purchases. many were available only in stores. speaking to the fact that some of the best promotions, be it target or competitor walmart, still mean weathering crowds and lines, post-turkey dinner. target closed its doors overnight for the first te sinc 2011. target says it did this to restock and regroup locations like this one, since foot

traffic typically falls in the early morning hours. but the company is also offering more deals online to compete, and says that's bringing shoppers into stores. >> we actually saw three times the amount of orders that were placed online to pick up in stores than we saw all day last year on thanksgiving. so really exciting to see that. >> reporter: while promising, it's a dynamic that requires a new logistical approach. that's why analysts say it's one of the most in watch. >> target was talking about 80% of their online fulfillment happens through stores during the high season. so imagine the chaos in the stores. they need to get their store people to move inventory around and sort of pick off the shelves and ship to the online. there tends to be some challenges with in stock in the stores when you do fulfill online from there. >> reporter: a lot is hinging on this holiday season. target shares tumble last week on cautious fourth quarter guidance. the stock is now down 20% for the year, compared to double digit gains for amazon and big

box rivals like walmart and best buy. while shopping has spread out in the months before christmas, experts say this weekend still offers an early reading on how target and other retailers are positioned for what is the crucial final weeks of the year. for "nightly business repor m morgan brennan in jersey city, new . certainly it's no secret that me and more shoppers are deciding not to venture out. instead, they stay home to buy online. online sales are off to a strong start. as of this morning, they're up 18% this year. adobe tracks sales at 100 of the largest retailers here in the united states. >> if you're trying to decide whether to stand on line in the stores or going online to shop, deirdre bosa is

>> reporter: larry solomon was one of the first people on line this morning at best buy's downtown san francisco store. he's in the market on a new computer and heard about a deal when he was here a few days ago. but what he didn't know is that he could have got the same product for the same price online, and saved himself an early trip and long wait on black friday morning. >> if it's cheaper online, i would be willing to do that. my impression was it would be cheaper by standing in line on black friday. >> reporter: people like larry are becoming the minority. for the first time this year, consumers are expected to buy more online than in physical stores, as e-commerce giants like amazon grow in popularity. among those that do still line facial t the crowds, some like the tradition of holiday shopping. others like larry still haven't gotten the hang of it. and others want what they want as soon as possible. >> i need something now. and that's probably the only

reason to be outside stores anymore. >> reporter: but in terms of getting the best deal, should you go online or get in line? best buy or amazon? well, that depends. many of the hottest electronics this season like top of the line tvs, smart speakers, and laptops are priced the same, down to the penny. this 55 inch samsung 4kl.e.d. tv cost the same at best buy and amazon.com. best buy drops it off sooner than amazon will. best buy, though, has some in-store-only deals that you ca find amazon. a playstation is $70 more expensive on amazon. will deals like this be enough for best buy to keep up when more people are shopping from the comfort of their homes or offices this year? amazon has already said that u.s. mobile app orders on

thanksgiving de compet last year by more than 50%. in the first five hours of black friday, amazon customers have ordered more than 200,000 toys. best buy doesn't share any numbers until this quarter's earnings, but last week it issued a lower than expected holiday forecast. for "nightly business repor" i'm deirdre bosa, san francisco. so let's turn to dana chelsea, one of the top retail analysts on wall street, to get her take on which retailers could be the winners and losers. you spent the whole day shopping, essentially. >> yes, and i'm going back out there after this. >> thank you for interrupting that for us. what's your impression? >> i was out there last night and saw a lot of traffic, more than last year. today it was a different story. consumers have more options. black friday weekend started at the beginning of the month. post-halloween, you automatically get into the

holiday shopping season. definitely special deals today, they're competitive. comparing the deals this year, compared to last year on black friday, essentially it's neck and neck, basically the same. >> who do you think will emerge as the winners this holiday shopping season? >> i think best buy will be a winner, walmart will be a winner. hollister is doing very well. old navy has a slew of traffic, as does bath and body works, a ton of traffic. children's place is busy. you have cold weather also happening, which is going to help brands like the north face and others out there. >> among your losers, you've got foot locker and dicks sporting goods. because they're sports retailers, or just those two necessarily? >> some of the sporting retailers are going through a transformation. prices are lowered, newness needs to be increased. nike will revive itself with new products later in the year. but it's a transformation time. yet we're seeing companies like lululemon doing very well.

the amount of traffic buying at full price is encouraging. >> even home depot you think could be a winner here? >> exactly. it's certainly helped that you have remodels going on, it's getting colder out there, that works. >> what about online? where is that going? >> it's still up, up double digits, gaining in share. the difference is, today you need online and you need the physical presence. it's not oe path to integration definitely there. look what target said about buy online, pick up in store. it's more evolved this year than be. when consumers go back, either making returns from online purchases, and at a lot of the retailers, 70 to 80% of the goods are returned in the store. when you buy online, pick up in a store, you're typically buying 20 to 30% more. i need online to drive physical, i need physical to drive digital. we're seeing walmart doing really well, greater traffic in

walmart than target right now. >> they've made the big investment in online. >> exactly, exactly. walmart is a company that was born in the 1960s and really reinvented themselves for the 21st century right now. >> dana, we'll let you get back out there. >> thank you, have a good season. >> you too, thanks for joining tonight. ups is adding a surcharge for packages shipped around the holiday, hoping to smooth out the volume of packages it delivers during the holiday season. it expects to deliver more than 30 million packages daily on delivery days between thanksgiving and christmas. as we mentioned earlier, the nasdaq and the s&p both closed at records on this holiday shortened trading day. gains in technology shares contributed to that upbeat move. by the close, the dow jones in rose 31 points. the nasdaq was up 21, s&p gained

five points today. for the week, all of the major indexes were higher. today the price of domestic crude oil hit a two-year high after a spill knocked part of the keystone pipeline offline. buybacks have been popular in recent years. but that trend may be turning. according to new data, companies in five years.g shares at some executives say that cash could be but the to better use on major capital expenditures than on retiring stock. repurchases in general can make shares more attractive to and thereby increasing earnin share. coming up, kicking the tires is now one of the best times to?

a new report indicates that uber's ceo knew of the hack into the company's network months before it was disclosed. dara khosrowshahi was reportedly told about the breach shortly after taking the reins of the company in september. he apparently ordered an investigation which he wanted completed before going public. the hack, which affected 57 million accounts, happened in october of 2016, before dara khosrowshahi was ceo. it was disclosed earlier this week. black friday has long been known as the day when malls and retailer stores are packed. but increasingly, auto dealers are also targeting today for big sales. in fact, black friday is now one of the busiest days of the year for the auto dealers.

phil lebeau is in antioch, il >> reporter: forget the shopping mall. for john iarotti, this is the way to spend money on black friday. >> just kicking some tires, looking to see what good deals i can find here, looking at a brand-new truck. >> reporter: he's not the only person looking for a black friday deal in the showroom. in fact mark scarpelli says this weekend will be among the busiest at his dealership this yey has become very important to us as auto dealers. it's one of our biggest days of the year. manufacturers put so much money on the hood of cars, advertising had huge day for us as well as the consumer. >> reporter: luxury brands from mercedes to lexus to bmw have long looked at the thanksgiving weekend as the start of pushing holiday sales. mass market brands like chevy are also now targeting black

friday. strong consumer confidence and low unemployment are helping convince buyers to visit showrooms. in addition, as automakers are looking to clear out inventory, they're pushing greater incentives for black raise. >> they seem to raise from 500 to $2,000, depending on the manufacturer as well as the brand, surely. but they do increase over the weekend, black friday, for sure. >> reporter: with the auto industry on pace to top $17 million in sales for a third straight year, november and december are expected to be relatively strong, thanks to a big black friday and thanksgiving weeebeau, "nightly antioch, illinois. teva pharmaceuticals will reportedly cut thousands of jobs. that's where we begin tonight's market focus. the world's largest generic drug maker is said to be planning layoffs that would impact 25% of its workforce in the u.s. and israel. the report comes from an israeli news website. the company earlier this month

warned it would miss 2017 profit forecasts as a result of falling drug prices. investors applauded the news, sending shares up more than 1% to $13.70. nectar therapeutics and beyers failed to meet its goal during a study trial. the medication did not prove to be any more effective than a placebo. shares were under pressure following that news but then turned higher, trading up 5% to $52.99. beyer doesn't trade in the u.s. that contract dispute between cbs and dish network has ended after a three-day blackout of cbs content. cbs said it had reached a multiyear deal with dish over the fees that the satellite tv provider pays to the broadcast network. the black programming prevented nearly 3 million dish subscribers from watching those nfl games on thanksgiving. cbs shares rose fractionally while shares of dish network

fell 1% to $49.87. saudi arabia has reportedly agreed to buy about $7 billion worth of weapons from defense contractors raytheon and boeing. reuters is saying that the deal is part of a more than $100 billion agreement by president trump and saudi government. raytheon's shares were up 60 cents to $186.06. shares of boeing rose marginally. russian officials have approved that planned merger now between uber and uber subsidiary and rival yendex on the condition that the combined company will not prevent drivers or passengers from using competitive services. yendex shares popped 3% to $35 even. now to our weekly market monitor who says his picks are safe but could grow between 10 to 15% in a market he views as

being, quote, turbulent and overvalued. jim lowell is chief investment officer with adviser investment jim, welcome back. >> good to be here. >> it looks like citgo is your first pick here, the tech giant. why? we like it because it's be able to raise its dividends by more than 50% in the last three years, 25% year to date. we think it's transitioning from a hardware to a where are subscription based mol d model can unlock some value. it's trading at discounts to the broader market, we certainly like that. we like that it's a necessary demand space, delivering a better value, and continues to raise that dividend. >> you like this etf from fidelity that invests in health care, why that one? >> necessary demand, both for aging demographics and the established markets here in the u.s. and europe, but also the rising emerging market demand for better health care in the emerging markets, gives us the

sense that this is a durable industry. it obviously represents a big portion of economic activity, also a big employer. when you look at the fact that virtually all of us need better, less invasive solutions to growing health care problems over the next three, five, ten, 15, 20 years, we think the health care sector is a perfect way to deliver both lower risk, higher potential return inside your portfolio. >> jim, you have a vanguard dividend appreciation here to talk about. what is it that makes that a good fit for investors? >> inside this etf are companies that have raised their dividends on an annualized basis for ten years in a row. growing dividends is a great way to judge whether or not a company is profitable and also securing enough cash in its coffers to weather a downturn. i know we haven't experienced a market downturn in years but now is no time to be complacent. it holds companies like microsoft, cbs, union pacific,

what we consider to be blue chip stocks that ought to be able to weather downturns but still we think deliver reasonable upside potential, as long as we remain in a slow-growth, not no-growth economy. >> you said the market is overvalued and turbulent. what's your outlook for 2018? >> 2018 we think will be, as long as we can see those fundamentals hold, good earnings, reasonable interest rates, and fundamental facts on the economic ground support our slow growth in what looks like slightly better growth overseas. as long as those factors are in place, we think that the s&p is likely to deliver us a reasonable gain, maybe as much as 10, 15%. but we know there are many downward pressures on the market, geopolitical risks, but also domestic and agenda policy risks, right now it's tax reform. no time to be complacent but plenty of opportunity.

>> jim, thank you, jim lowell with adviser investments. coming up, a baying d day f small business. >> reporter: i'm kate rogers. tonight on "nightly business how small business owners are gearing up here's a look at what to watch next week. on wednesday, the fed will release its beige book, an anecdotal look at economic conditions across the u.s. also wednesday we'll get the latest read on economic growth with the release of third quarter gdp. on friday, november auto sales are out. that's what to watch next week. if you spent today at the

mall, mom and pop shop owners are hoping you spend tomorrow shopping small. kate rogers is in brooklyn, new york, ahead of small >> reporter: matthew has been prepping for the holidays since october. the shopping season is key for him, owner of this shop in new rochelle. tomorrow will be his first time participating in small business saturday at the holiday pop-up marketplace in brooklyn, new york, along with a dozen other small sellers. >> it's exciting to be around other small retailers and small makers, people who think like me, act like me, and work like me. we're all sort of in the same boat together. >> reporter: the holiday is in its eighth year. grassroots support for local businesses like this one increased in a big way.

last year the number of consumers shopping these stores is up $15 billion. 7,000 communities nationwide are gearing up to participate in the day. >> a small merchant can give that personal service, that personal touch, that recommendation. fact that they know you and see you and you come back on a daily basis. that's important to consumers, that personalized service. i think that's what a small merchant, a small establishment, a small retailer can do to make a huge difference, that unique customer experience, that personalized experienc is what s it special. >> reporter: that customer experience is what sarah stroman believes sets her apart from big box competitors. she'll be at the marketplace tomorrow selling her handmade decision stationery. >> it's completely different to buy something from somebody who has physically made it and can

tell you about it. i think that's important. >> reporter: and data show customers agree with stroman. according to amex and the national federation of independent business, 61% of consumers said they are aware of small business saturday and 82% plan to either shop or dine small on that day. for "nightly business repor i'm kate rogers in brooklyn, new york and that's "nightly business " for tonight. i'm kelly evans. thanks for watching. >> i'm bill griffeth. have a great weekend, ev

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