dollars, we have our resident experts on hand to give us their thoughts and break down the fate of crypto heading into the final months of 2020. and later, we're going to go and check in on the movie industry as another high profile studio picture is headed for streaming the same day. it hits theaters back show today. let's dive right in and thanksgiving weekend in the united states has long been known as the kickoff of the holiday season, and specifically the holiday shopping season. in fact, the national retail federation said more than 189000000 u.s. consumers shopped over the weekend and 2019 which includes thanksgiving day, black friday, small business, saturday, and cyber monday. we should note that while many throughout the world also use this weekend as a chance to get a jump on the holiday shopping, china's single day may actually be the biggest worldwide. in fact, e-commerce behemoths ali baba expanded its single day offering to take place over 11 days this year and nearly doubled sales to more than 75 $1000000000.00. and

that's ali baba alone, while black friday was once the now known for outrageous door busters that caused consumers to line up in front of big box stores like target, wal-mart and best buy 2019 was the 1st year in which more people shopped online than in store. for the most part, sales figures have continued to trend up over the last 2 decades. but the copa 19 pandemic has thrown a wrench in the works. the fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in a customer's pockets, has many wondering what we can expect from this holiday shopping season, so let's get some expert analysis from dr. vankin shankar, director of research at the center for retailing studies that made business school at texas a and m. and dr. barbara stuart, the coordinator of retailing and consumer sciences at the university of houston. thank you both for being here today. dr. stuart, i want to start with you. we're seeing it changes black friday due to the pandemic

and stores want to avoid crowds. what are some new trends that we're already seeing for the black friday this year? well, there are 3 aspects that will make this a black friday, like no other 1st me online shopping has exploded. secondly, the seeds and his blanket and tell shopping. and thirdly, retail is innovative and agile. so on the on line explosion, as the panamic began and 90 percent of consumers change the way they shot 40 percent of people over the age of 60 tried online shopping for the very 1st time. and they just loved it so far. holiday that means 90 percent of consumers intend to shop online with 70 percent of them, expecting to do most of their holiday shopping on line for black friday. that means that just under half will shop online for thanksgiving and just over half will shop black friday. so this makes a difference even said this isn't sure are

a lot of this time if he and amazon prime set the pace by maybe prime day and talk to her old consumer holiday spending forward and retailers now the longer this season, the more revenue the major retail spot with black friday deals offered very early deals for days like wal-mart is a great example of that. 68 percent of consumers intend to shop earlier this year and the innovation in retail is rampant. wonderful. touchless retail touch books, check out virtual reality for dressing rooms all has changed. the face of retail will be for a black friday. dr. sheck are several stores. some of these big stories that we've just talked about are not even expected to open this year. how is that going to change the way this holiday shopping season works,

especially that big black friday weekend that we usually see all those sales? i think, as margaret said, we started the honey shopping very early. and so consumers are also wanting to shop online. so just the fact that many of the stores remain closed a lot to really affect a lot because people are factoring that into baking this into their decision making . and we are so hesitant to go out and stand in line anymore. and so that, that increases the confidence that consumers have. and the real issue is when there are consumers are going to end up buying more than the last year or not. so in some way, some projection last year we did about $730000000.00 in sales during the holiday soft shopping this year we're expecting to grow at 3.6 to 40.2 percent going to an hour or 2, maybe $755000000.00 during the holiday shopping. and even though stores like wal-mart target and all those major retailers are going to remain close on doing

skipping day, people are not just shopping on thanksgiving day. they're shopping for the entire season. cyber monday black friday in the whole weekend and subsequently so i don't think that's going to make a difference. now, dr. stuart, when we talk about all this, obviously we can look at the trends in the way people are spending. but what we have to point out here is we are in the middle of an economic turmoil. 'd due to, the copan, $1000.00 pandemic, and here in of the u.s., we have millions still unemployed. we don't have a stimulus package that they were hoping to put another $1200.00 check in people's pockets, which would help stimulate the economy during the shopping season. what are you seeing there? how is that going to affect things? well, even though there are economic hard times for people, all the projections, all are upward, were the 2 years holiday shopping. 80 percent of consumers expect to spend more than they did last year, and that is just under a $1000.00

a person. so that's really a fuel to the economy and maybe very useful in that way. and while online shopping has exploded, we also need to remember that 64 percent of consumers expect to stop shop in brick and mortar stores as well. we shop for many reasons, holiday and traditions are very important and people are willing to sacrifice in other ways. for family and friends and the traditions that they and maybe get a little replaced. ringback and outlet for pandemic life. back to what we look at the way we just talked about those economic conditions. are we expecting people to rely more on credit cards this season to do their christmas shopping and maybe have to pay for it later? yes and no, because people have always used credit cards. now you need something, a man like and other means of payment. so they're going to use all the means

of payment. but more importantly, back to the stimulus. checks that are being graded is the end of the stimulus checks. but from all the series that we have points out of the stimulus checks, they want to spend more money and i'm going to sacrifice their spending any less. so the point is that all these human modes and mechanisms accelerate army could still attain this spending, but consumers are in interest on shopping for an important occasion. i got one last question here. you know, amazon obviously the biggest e-commerce retailer here, but wal-mart and best buy and even target have really broadened out their on line offerings as well as many smaller local retailers are having online offering. is this going to put any pressure on amazon moving forward as people start to maybe step away because they have other options? oh, options are good. i mean, small businesses are really a winner, perhaps,

as retail checkout, consideration, the value of small business and their ability to meet their needs to provide some differentiation and their service. amazon is doing a huge business that others are rapidly in the taking on exceeding, and many different areas. so i'm sure we'll see a balance problem for dr. barbara stewart, of the university of houston and dr. vacation, car of the mays, business school at texas a and m. . thank you both for breaking it down for us. thank you. rand. thank you for all in a year that has been just about constant bad news. there are very few areas where we actually get quite a bit of good news. it's hard to find any area of the economy that has had a better year. then bit coy, the world's largest crypto currency has climbed to over $800000.00 and appears to be headed back to its all time high of $20000.00,

those with the time to jump right into it. joining us now to discuss our boom bust co-host, ben swann, and christiane, who are both. i might add excellent crypto analysts as well. kristie. i want to start with you here. why is because we've had such a great year and will continue to climb. well this year has been absolutely incredible. a we're not censored and there are many crashes. and as you talk about this well run, it's come with me during the rally and back in 78 because this time was primarily institutional farai. creating the bedrock that we really didn't have before. so we had a range of wall street investment firms that started to see like that, you know, the great grayscale in less than 10000000000 or it's not since i read that, there were other public companies such as microstrip, where they've made significant that some are now supporting peanuts, and since they aren't, they basically rise to the network value or more people who adopt it the more

parabolic later price rises. so this year we have substantial engagement from institutional players. rather. thank you readers more holy for while creating back and support. so this is only the beginning because they point to price will continue to rise and you know, honestly to use your actions. i think that the stimulus program and government program because i'm going to hear steve argue a plan is the only true as it were. the courts have gone. it's because there's only ever $21000000.00 created and there would be no more. that's pretty millions and surely manner of marketing. if you're going to grab her or as warrants call. blackrock c.i.a.o. of fixed income rick rider recently said that because it is quote here to stay thanks to millennial is openness to the cryptocurrency digital payments in general . is that a fair reading of why?

because it is so strong on top of what christie said, which was all excellent. yeah, everything she said was excellent. i think in terms of what rick said, in other breaking news, water is wet. right? is i get it. i think it's pretty clear. yes. the reason the big point is here to stay and it is here to stay and not just by the way, but all kinds of crypto currency is in digital currencies are here to stay. yes, because you have a very tech savvy generation of users who also recognize that there has been a theft of value of the u.s. dollar and of monetary systems around the world. i think that's one thing that, that is underscored not often enough when we talk about crypto. now we underscore it here on the show a lot, but in other places when they talk about crypto currencies, it's as if, hey, there is this cool new way of handling money. it's got nothing to do with it has everything to do with the theft of value. that takes place a crissy just finished your last statement. why mentioning specifically the federal reserve write the printing of billions upon billions of dollars with no regard for

the value of that currency. and i think what you see is, is generations of people that for a long time have seen this, at least for 100 years, have seen the problem with inflation. they've seen the problem with the federal reserve and what it could do, but they haven't had a solution before. this is the solution. this is the answer to that theft of value . so yeah, i think absolutely. there are tech savvy enough to see the value in it. but it also, it's a convergence of everything happening together, a convergence of the right time in history, the technology being in the right place and the understanding of what needs to happen in order for there to be a store value that someone can actually hold as opposed to about you, and it's interesting that you mention because, i mean we were not we, but they used talk about google the same way. hey, check out this new website. it's fancy. you could type anything into it and find all the information you need. now it's everyday life, so it's interesting that you put that in the, those terms kristie. we're seeing some movement as of late in all coins, which seem to be bouncing thanks to big oil. what do we know at this point?

so there are many, many are going to rising and, and the rich are going to let you come once you have your, you and little. so we might be seeing the beginnings of the old season right now or actually years into your life. so i'm going consolidates, i'm kind of doing it out, not mark points. and so, i mean, it's not only the top market leaders that are rising in many of the other small passages, you know, presidents, trauma and other relatively high beta test. they're now rising faster than declines because it's all pointing trade against it. so it's almost considered a leverage point play here. so there's a little bit of a reducing going on very similar to what markets as well. you see traders routinely ironies have been doing tackler really well such as they crash and a lot of deep lines over summer such as uni and really interesting. she's on the what we're racing is that have not participated in the rally. so you have now are getting a lot of attention. there are huge gains as well as the iraq protocol,

which is going over 70 percent. so now you have the entire crypto markets have rising a 40000000000 with global trading volume at illiana. so this point season is going to be expect very, very different because we're seeing the memory of projects that have survived the winter and they're delivering on its promises the last season, we're going to be able to articulate enough for the player and russia. now these are the point that mature and the protocols are we'll hold until it he'd like to defy space, which already has more than slow points of a $1000000000.00 to value. you know, burn all coins are exactly keeping pace with because the way they did in 2017, why is it a little different this out around? yeah, there not. then i think a lot of that has to do with the fact that we go back to the very 1st question. it has to do with institutional money look. so that is so if bitcoin had stayed around

$20000.00 and only kept climbing after 2017, we were seeing a lot of i think christy put it nicer than i would, i would call it stupid money. there was a lot of stupid money, but it was over and to do at the time, here's the problem. is that in 2017 and then going into 2018, that institutional money was going to buy into because at 25000, others a coin. and so the fact that coin came down and then rose up again, this time with institutional money. sure. because the institutional money wants to come in low, obviously, and then watch it grow. they don't want to come in when it's i so that money is now in there. i think what we're going to see now is kind of a search happening also in the retail market. so the retail market has not been where big rise is coming from this time around. it's coming from the that institutional market. i do think though, as, as we watch, but again, you're going to have retail investors who say i want to get involved investors who say i want to be a part of what's happening. but because it's too expensive for me to get into. so what else can i get into? i also think you're going to what we're going to see in 2021. another resurgence in

privacy coins, coins like one narrow dash or even big confidential we're going to see more of these privacy coins i think starting to come back again. even though they've been quiet for the last couple of years. boom bust co-host, ben suad and kristie. i the only crypto analyst sunny. thank you so much. thank you . time now for a quick break here because when we return, we're going to check in on the movie industry as another high profile studio picture is headed for streaming the same day. it hits theaters, we'll get some expert analysis on the other side. was a dollar. he said, based on the gold market, we could see 100000 dollars. 6 months ago. i said ok, it looks like it's going to challenge. therefore, we got to raise our price target to $400000.00, but you're right, you have to also look at the price of gold here because the gold price could get

cut. now because people are throwing in the street like garbage like, it's been decades since the fall of spain's fascist regime. but old wounds still haven't healed cells of newborn babies were torn from their mothers and given away and forced adoption to this day, mothers still search for grown children in hope for their parents. so what we've got to do is identify the threats that we have. it's crazy

confrontation, let it be an arms race. here in dramatic development only exist . i don't see how that strategy will be successful. very time to sit down and tom and welcome back on boom bust. we have tried to take a look at how the pandemic has affected different industries. many sectors have had to completely change how they do business, not the least of which includes the movie industry. for instance, when the pandemic hit nearly, all production was forced to shut down in the multibillion dollar industry was essentially put in limbo. but production has since been able to resume as the industry has instituted new safety protocols. a new measures to protect actors and crew members and as theaters have been mostly shut down,

major theatrical releases have been heavily slowed. some distributors are even tell you, right to streaming. in fact, that last week it was announced that the highly anticipated wonder woman, 1904. well, that's going to be released on h.b.o. max the same day, it hits theaters in the united states. so let's go ahead and take a look at the state of the industry with paul de guerre beat in senior media analyst with com score. always a pleasure to see that smiling face. paul, i don't want to start with this news about wonder woman 1984, hitting h.b.o. streaming service the same day. hits theaters, how is this a win for warner brothers when they were banking on a box office? smash after the success of the 1st film, but are basically giving it away to people who are already paying a fee. i know that says we were hoping that wonder woman would just go to the ask 1st and then have a window that at least 2 weeks maybe much longer just wasn't meant to be with so many movie theaters closing this past weekend. for example,

according to our consular data, we lost about 700 theaters. so the previous week we had 48 percent of dieter's open in north america. and the most recent weekend, 40 percent, that's a huge drop. and i think for warner brothers, they just had to bite the bullet and say, look, we got it, get some income coming in whatever stream we can, whatever revenue stream, and a way to get h.b.o. max to raise its profile and get a lot more subscribers. is to put a movie like wonder woman 1904 on the platform. but of course exhibitors were hoping that that would be at the actual only play but we are living in a very different world now where when there's so few dieter's limited capacity in those theaters, they could wait months and months for movie theaters to come back. but they chose to use this sort of hybrid model. i think we're going to see more of that. but i think when theaters do come back, we're going to have a blockbuster season again, on the big screen. but for now it's a different era. it's a different party much,

it's up there is very interesting. you said they hope to get more subscribers from releasing this. now we've seen some of these theatrical movies been released on streaming services over the last, what months or so? have we seen any actual uptick in subscribers due to those or if that does, it's kind of anecdotal and hard to see or that's really interesting because you know, the transparency that exists within that. the actual box office world, the big screen movie theater box office, which i've been tracking for 30 years now. it's always there. the numbers are always released almost hourly, of course, the weekend numbers. but for the streamers, it's a little tougher to get those numbers. and remember, a subscription based model is quite different than a transactional model where you might sell one movie for 20 dollars or rent it for $8.00, whatever the number might be. whereas with something like each below max or never flicks or hulu, it's, it's more about that subscriber base disney plus, as well,

that we're seeing hybrids with the now world where you might pay a premium to get a 1st or a movie on the streaming services. when they, you know, before they become free down the road and that happened with law, and that's the model there. so we're seeing all kinds when we talk about a hybrid, we're going about all kinds of different revenue models, some of which we've never seen before. but again, a function of the pandemic, and we are seeing these changes, and i want to talk about that premium vo deal with being released on disney. plus. and basically, the c.e.o. of disney hinted that this could be the way we do things from now on. because we saw success with that, of course, they didn't release the exact numbers that they saw from. we had heard netflix or, hulu, or even h.b.o., talking about going that route. but if you read the stories about wonder woman 1904, you will realize that every editorial is writing at no extra charge because they're

pointing it out. they're getting you ready for it because they know that might be an issue. are we going to see more of this go down the road? i don't know. i think for the netflix's in who lives of the world, it's really about their original content. that's where it's really appa for disney . and of course, those the actual films, if they can't get that the actual release, disney has disney plus, as a host or a home for those films, like wise for warner brothers, wonder woman found a perfect home on h.b.o. max. but on the other hand, the perfect home really for wonder woman to me would have been the big screen. but if the screens aren't there right now, they just had to make a decision. by the way, warner brothers, more than sure, showed their support for the movie theater. they were steadfast in releasing tenet in movie theaters when really, nobody else would put a huge high profile title in movie theaters. so they went the extra mile there. but of course, with wonder woman, we're seeing something different, but that was then, this is now everything's changing. and now this is a little bit more of

a fun one because you talk about those 700 theaters who were forced to close in the united states and canada. one of this chain that's really struggling the most because amc theaters. but they've actually announced a private theater rental program that they have going on in small areas. now they're expanding it nationwide. what do you know about this? and is this good for amc is business at this point, or is it just keeping on top of mind in the news? well, i think anything that brings revenue into a movie theater, hosting private events, having, you know, churches have their, you know, people come to the church, say, to add a movie theater. but of course, with social distancing. and all that, i mean, it's just about getting creative. i think, renting out your own theater is really a great idea. the pricing i've seen as relatively low. you get to pick the movie you're with a prevented of course group of friends or people or family that you know. but i am, i do think also it is to keep amc top of mind,

but no question that anything that can bring revenue in is a good thing. but course again, people have to deal see things your no matter what your using that movie theater for. whether it be traditionally watching a movie or another type of social event, it's all about keeping people safe and healthy at the end of the day. and i got about 30 seconds left for this last one to it since 2009. this is the 1st year without a movie in the marvel cinematic universe. and they've just been again, heart of hollywood over the last decade. what is this toll of the pandemic? just being felt by the industry have a when you look at that got a number, it really does. and if you think about it, you know, year to date based on our com score numbers, the box office for us is last year is down almost 80 percent. and when you don't have a big marvel movie, remember, it was a year ago where the summer kicked off with avengers ending with the biggest opening weekend of all time, the year to date this year's of are in around 2200000000 last year. at this point

where we were moving in on $1010000000000.00, excuse me, at the box office. so 2200000000 this year, so far, almost 10000000000 last year. so you look at that huge difference with the movie theaters will be back. i guarantee you it may look different, but there's a lot of big movies still on the slate that are waiting for movie theaters to come back all the caribbean, senior media analyst with com score. thank you so much for breaking all this down for us. thank you, brant. that's it for this time to get demand on the brand new portable t.v. app, which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer model. samsung smart t.v.'s, as well as roku devices or simply check it out at portable t.v. . we'll see you next time.

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