the national retail federation said more than half of all consumers started their holiday shopping earlier this month, w mifithe best deals. >>> shoppers didn't have to wait until black friday to find great deals this year. >> i saved $250. >> $70 off. >>> many stores opened early on thanksgiving. >> next one. >> shoppers are not the only ones excited. >> the best buy homies pumped themselves up before the doors open that the chaotic experience of the past are few and far between. >> ware not cutthroat. >> there are so many ways of getting what they're need. >> the national retail federation said more than 165 million people will shop between thanksgiving and cyber monday, the bustest day today, black friday. >> my favorite part of the day, being able to spend time with mom. >> it is fun to get out of the house and still be with families. >> i'm grateful. >> be grateful and not look at what you don't have and look at what you do have. >> the exec editor said staying at home might be worth it. >> or seeing a lot of retailers replicate the same deals in store and online. the best part about

do know that stores across the country opened as early as thanksgiving eve, and the national retail federation says that it is expecting that more than 100 million people to take advantage of those black friday deals. [ cheers ] shoppers didn't have to wait until black friday to find great deals this year. >> i saved $250 on it. >> like $70 off. >> 50% on everything here. >> reporter: many stores opened early on thanksgiving. >> last one. >> reporter: and shoppers aren't the only ones excited. [ cheers ] >> reporter: these best buy employees pumped themselves up before the doors opened in hopes that the chaotic, sometimes violent shopping experience of the past, are few and far between. >> we're not cutthroat, and we're not looking for anything certain. >> there are so many ways of getting what they need. >> reporter: the national retail federation says more than 165 million people will shop between thanksgiving and cyber monday this year. and the busiest day is today, black friday. >> honestly, my favorite part of the day. like being able to spend time with mom. >> reporter: shoppers say it's

there are fewer shoppers going out on black front of this year according to the national retail federation doesn't mean sales are down. as you said $730 billion expected for retail sales in november and december. that is up 4.2% compared to last year. the shoppers i talked to say we would rather sleep in and see what deals we get throughout the day instead of rushing first thing in the morning. >> we slept in, which is the key because we are here in the sale is still going on but it's not busy. >> you don't get any door busters either. >> we are not door busters people. >> not gonna put up with those crowds. i'm too old for that stuff. >> charles obviously people have more options. 41% opting for us to the holiday shopping online as opposed to 47% starting in stores. one other thing i think you'll find surprising is that younger shoppers between 18 and 34, the vast majority of them according to the national retail federation are actually choosing to shop in stores as opposed to one line because i guess they like the social interaction going with friends and that kind of thing. >> charles:

confidence has been down for 4 consecutive months but we're still on a pretty elevated level and the retail federation expects that sales for the holiday season will increase by about 4 percent and we got some evidence for that from electronic best buy on q stay there. company it came out was the earnings were better than expected the outlook looks pretty good to invent. again about 10 percent on tuesday alone and that stock has also. christmas off last year by a good 50 per cent so overall the american consumer seem to show up no matter what the figures self confidence are telling us and of course best buy a stock that was considered dead long long ago all right there for us in new york thank you very much. and let's take a look now at some of the other global business stories making news folks wagon has defended its production facility and she province after leaked government documents shed light on chinese detention camps holding over a 1000000 and other muslim minorities in the region carmaker said it hopes to contribute to the reasons development was closely monitoring the situation there on sund

i want to stick with black friday and bring in the national retail federation resident and ceo.e joins us from washington. what are you seeing? what is your sense on the ground ? thatew: our forecast was sales would grow this year between 3.8% over a year ago. we know the consumer confidence levels have been high, we have low unemployment rates, wages are growing and macro conditions are good. having seen the retail sales numbers, they are quite strong. there is positive momentum in the market. we feel good about the way we are off to the season. things start early this year because there are fewer days between thanksgiving and christmas, but retailers have adjusted for that, giving those deals to their customers earlier . we think the momentum will continue to the holiday. in the last hour we spoke with charles o'shea, he has put it nicely, i don't care how much they sell, i care how much they make on the bottom line. how are you viewing discounting and that heavy emotional and -- promotional environment? dark of the environment has been very promotional and i think most retail

the national retail federation predicts more than 115 million people will be shopping today. between thanksgiving day and cyber monday. >> and as we say, stores around the country will be busy this morning and some already are. but the u.s. trade war with china has business owners closely watching how tariffs are affecting them. reporter ray bogan has more on what this means for shoppers. >> every black friday, bargain hunters bust down doors looking for things on things at the top of so many christmas lists. electronics and toys. but this year there's a plot twist. >> toys and electronics made in china are high on president trump's list of tariffs that are set to go up in december if if a trade deal isn't hammered out by then. . >> by most measures the economy is still in strong shape, analysts expect consumers to spend even more this holiday season almost 4% more. >> we think 3.5% but still 1.1 $1.1 trillion november, december, january. >> we haven't had a holiday season with so much uncertainty. jobs, tariffs, the elections. americans have a lot to consider before they ope

confidence has been down for 4 consecutive months but we're still on a pretty elevated level and the retail federation expects that sales for the holiday season will increase by about 4 percent and we've got some evidence for that from electronic best buy on q state the company came out with earnings that were better than expected the outlook looks pretty good and that stock gained about 10 percent on tuesday alone and that stock is also since christmas of last year by a good 50 percent so overall the american consumer seem to shop no matter what the figures self confidence are telling us and of course best buy a stock that was considered dead long long ago all right there for us in new york thank you very much. over to norway now where wind park is blowing up quite a storm and the state of journalists there found that its owner is using an offshore tax haven to avoid taxes and it's all quite legal. the 50 wind turbines have been turning for 2 uninterrupted years but the telling us wind park in the norwegian village of song apparently isn't turning a profit so the owner doesn't have to pay any tax to

the national retail federation also estimates this holiday season shoppers will spend between $728 and $731 billion. retail spending already topped $4 billion for online sales on thanksgiving day alone. a new record. and a huge chunk of those were made directly on smartphones. more than 38% higher than last year. but still some shoppers braved the long lines and crowds. >> we got to go ahead and put on some skates. then we'll skate to more stores so nobody will beat us to the items. >> and the line is here going through the curves. >> reporter: best buy's ceo cory barry. >> welcome. good luck. >> reporter: welcoming shoppers at a store in minneapolis. she says the store has been preparing for this black friday since last november. >> i like to be there and feel the excitement. because we put so much work into this, it's great. zp >> reporter: and best buy is one of the old school retailers defying expectations and killing it on earnings. best buy could be one that has a lot to lose if another round of tariffs goes into effect on december 13th because those would affect electronics. alt

the national retail federation says for the months of october, november, december, retailers could bring money is brought in in the three months. how is the u.s./china trade war expected to impact shoppers. the national retail federation thinks it really won't. it's unprecedented to be in the middle of a holiday shopping season with tariffs on goods. the nrf is waiting before it makes a stand on whether or not the impact will be big or small. it looks like consumers aren't that concerned. other studies show around six out of ten shoppers, are expecting to see higher prices. if they wind up spending more on the holiday gifts, they won't try to absorb the costs, they'll buy cheaper goods or find a alternati alternatives. >> since it's quiet, you can pick up headphones for me and christine, right? >> reporter: headphones? >> thank you so much. >>> car manufacturers in the u.k. are warning that brexit can hurt their bottom line and badly. like this three-piece diamond set, under one-hundred dollars or this diamond ring, under two-thousand dollars every best gift ever... begins with kay. i'm

. >> the national retail federation. so what 58 will be buying clothing and accessories. if you're not a big shopper the east bay regional parks district may have something you're looking for the parks district is encouraging you to spend the day after thanksgiving outdoors it's the 5th year they've been doing this campaign it's part of the opt outside movement. it started when rei closed its doors and encouraged everyone to spend time with family exploring the outdoors. >>> a snow storm is helping firefighters in santa cla county battle the big cave fire some firefighters were allowed to go home for the holidays as the conditions helped almost 8" of snow fell on the snow let up during the night but heavy rain is expected in that same area this morning. >> it is now 4:09. let's go to rosemary. >> yeah, so very cool this morning. we do have a slight possibility. if you're going out for tree lighting ceremony or maybe you're enjoying the opt out air for today. giving you a look there at a dark start. we have a freeze warning in the north bay take a look at santa rosa 27 for

but the national retail federation says 58% will be buying clothing and accessories. 54% will be buying gift cards, 39% have toys on their shopping list.palmdale area. it happened earlier samiguel canyon road. investigators say family of four was traveling on the highway when something hit their car window. one man hit says he suffered minor injuries. >> with officer was saying is that someone was driving in the opposite direction and either through something or something happened. we don't know, they are trying to figure it out. >> the young man suffered cuts to his arm from the shattered glass. no one else in the car was hurt. there have been dozens of similar attacks in the same area this year. >>> a 29-year-old man arrested in connection with the halloween night shooting in orinda is free on bond. the release of domico michael dones comes after one day a suspect was arrested last week. so far no one else has been formally charged in connection with the gunfire in orinda on halloween night. plastic prosecutors declined to charge five other suspects in >> two suspects are in custody a

national retail federation of forecasting sales will rise about 4%. last year's growth which was her by the start of the trade war with china a year ago and here we are now. let's bring in chief strategist mike. is the consumer healthy this year, do you think the forecast for more shopping is on target? >> it's hard to overstate how healthy the consumer is right now. we have the greatest labor market in the history of the country. looking at the weekly jobless claims around 215,000 is the average and last time was the late 1960s and our neighbor-- labor force has doubled we are in great shape with 1.2 million more jobs available and when you look at the consumer specifically, a lot talking of debt, when you look at the debt compared to assets it's at the lowest level in 30 years. cheryl: good. >> look at the percentage of consumer take-home pay check, lowest level in 30 years compared to debt. disposable income up 17% over the last three years while the savings rate is to have times what it was going into the financial crisis so we are in great shape.

the national retail federation predicts more than 115 million people will be shopping today. and more than 165 million people will be shopping during the 5-day weekend between thanksgiving day and cyber monday. >>> stores around the country are busy this morning. business owners are closely watching tariffs on how if it will affect them. >> electronics and toys. but this year there's a. toys and electronics are high on president trump's list of tariffs that are set to go up in december if a trade deal isn't hammered out by then. . >> when you bill to the united states you don't have to worry about tariffs. >> analysts expect consumers to spend even more this holiday season, almost 4% more. >> we think 3.5 but still all- time record 1.1 trillion $1.1 season recently with so much uncertainty . whether it be jobs, tariffs, americans have a their wallets. >> and what about the process of impeachment. that could dhaeng. regardless of how that drama plays out president trump's job will still be on the line in 2020 especially if tariffs send prices spiking. >> as long as the economy

estimated to have hit the stores yesterday, and the internet according to the international retail federationailers offering some early black friday deals, walmart starting those in october this year. amazon started its black friday deals last week. this weekend, though, still very critical for the sector. according to tennessee data, last year, black friday generated 6% to 7% of total quarterly sales for lots of retailers including american eagle and best buy that compares to a normal day of 1% so black friday is the equivalent of an entire week of sales. the average household expected to spend 415 bucks this weekend, according to deloitte. you mentioned the numbers from adobe, $4.4 billion expected to have been spent online yesterday. $7.5 billion today this five-day stretch make up 20% of the total holiday seasons online sales so some early online performance issues, though, search int intelligence says that costco saw a big spike in search increases and in catch point said potentially as a result that site had some slowdowns, actually was off lon for a period of time yesterday morning. ca

as 4.2% compared to 2018 reaching a possible high of billion that's according to the national retail federation. this is a critical time for retailers with november and december sales accounting for 20% of annual sales, victim rise is good news for retailers. they saw a small increase of only 2.1% last year. the nrf claims 2018 is tariffs. >>and the uncertainty over a government shutdown but this is all also good news for job, seekers the nrf expects retailers to hire more than 5. to help with the high demand this holiday season. experts credit the rise in holiday sales to job growth and higher wages, and it's not just brick and mortar store seeing soaring sales, the nrf forecast finds online. other non-store sales are expected to increase as much as 14% to nearly $167 billion. for consumer watch i'm brett conway for years. >>health tonight, november is national diabetes month and while there is no cure or not yet there are ways to manage it. mary moloney explains in tonight's health minute. >>it's a disease that impacts more than 30 million people and officials say one in 4 americans don't kno

>> well, the national retail federation had a recent survey where 100% of the retailers participating said they were victims of organized crime this past year. i wish i could tell you that the piece you just ran with home depot was an exception, but actually it's just another example of what every retailer faces in every state every day 2010 the fbi put out a survey that estimated retailers were losing somewhere in the neighborhood of $30 billion a year to organized retail crime, but in recent years the expansion of organized crime into online platforms, ecommerce platforms puts the number closer to 40 billion. >> wow. >> i would say organized retail crime is one of the most significant and ongoing security threats to the retail industry today. >> why do you think the problem is getting so much worse >> i think they've expanded into online marketplaces. there's just so many more places for them to sell stolen merchandise than there was, say, five to seven years ago. >> you mentioned that it's not just home depot, that it's every store. what are the items that these thieves are looking

in fact, according to the national retail federation, the average amount that each person will spend ty good about the economy, but if you look at the overall retail situation, there's a lot of competition out there and a lot of store closures as we've been covering the entire year. stores like walmart, best buy, target, amazon, of course, tend to do very well in this season. if you're looking for a good deal, i would encourage, if it's cold where you are, stay inside. most of the deals -- for example, at best buy, i did an exclusive interview with the ceo. she told me all the deals will be the same on your phone, on your laptop and in store. >> this is an important point. you and i are business journalists. for all those years that amazon was eating into the bricks and mortar retailers, this year it is so obvious and visible that walmart is playing that game. walmart seems to be matching a lot of amazon's offers and they're trying to make it seamless. they want people who use amazon on their phone to be thinking about using walmart on their phone. >> reporter: yeah, and the strategy

in fact retail crime losses are at an all-time high rht now according to the national retail federationr this week.me depot said its profits were industry code word for theft among other things. so the company gave u exclusive access to seeht how it fs a ver-ending battle against stealing. courtney reagan has our investation. grab and go. >> you're watching brazen retail theft. this affec our so sure they won't get caught that some even get aggressive when stopped. this surveillance video from home depot shows. most likely these people are items for their o use. who steal instead it's a bigger problem known as organized retailwicrim. th criminals working together to steal for profit. home depot's jamie born investigate the theft. it srts with boosters. >> a booer is somebody that is basically professional shop lifter, they're doing it for profit. notust forersonal use. >> are they jus guessing what items are in mand? do theynow it from history? i know that i can sell a lot of -- drills. >> there are manyio loc out there, tha are giving lists to the boosters. >> they'reing lists, they're

4.2% compared to 2018, reaching a possible high of billion that's according to the national retail federation. a critical time for retailers with november and december sales, counting for 20% of annual sales, victim rise is good news for retailers. they saw a small increase of only 2.1% last year. the nrf flames 2018 is tariffs. >>and the uncertainty over a government shutdown but this is also good news for job, seekers the nrf expects retailers to hire more than 5. to help with the high demand this holiday season. experts credit the rise in holiday sales to job growth and higher wages, and it's not just brick lnd mortar store seeing soaring sales. the nrf forecast fines on. are expected to increase as much as 14% to nearly $167 billion. for consumer watch. brad conway. >>peak outside we're checking in on the airport's a little bit of fog. and the north port of any major issues of course, we'll check for delays will check your traffic and weather coming up after the break. introducing in-garage delivery, just in time for the holidays! ♪ beep, beep wwrrrr ♪ ♪ beep, beep ssshhhh ♪ ♪ beep, beep

. >> reporter: according to the national retail federation holiday shoppers are expected to spend 4% more than last year. on average consumers will spend about a thousand dollars each on gifts and other holiday items. the majority will shop online, but 53% of americans say they'll also look at department stores. >> we have sold more gold in the last few months, just gold items, gold chains, gold pendants. >> reporter: the family run store has seen a lot of changes in the retail market over the past 20 years. he doesn't necessarily like being open on thanksgiving, but he knows he has to keep up with the trends. >> what i've seen it just dilutes the weekend into a four day holiday. but black friday starts last week in several occasions in several spots in advertising. >> reporter: but shoppers seem to like what's being advertised. >> you get a good deal, you get good gifts, everybody's happy. >> the east bay regional park district wants you to make black friday green friday. fees are being waived for parking, dogs, horses, boat launching and fishing at the various parks. leaders are en

the national retail federation says this year, americans spent about half a billion dollars on halloweenute. >> more than half of pet owners plan to dress them up. >> in the human brain, billions of neurons play in harmony. for people with parkinson's, some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those exact neurons. restoring control and harmony, once thought to belost forever. the most personal technology is technology with the power to change your life. over here. come on, come on. let's go. move it. (rustling nearby) what was that? this is a restricted area! identify yourself, or you will be detained! (two silenced gunshots) get the crate. welcome to the big easy, mr. desmond.

. >> reporter: the national retail federation estimates 165 million people will shop in stores and online thanksgiving through cyber monday. >> i just do this online and picked it up. while looking around, i bought some. >> reporter: bustling crowds seen in places like sun valley shopping center in concord may be the result of a strong economy. >> more people are working and more people are spending. >> reporter: the official holiday season doesn't begin until friday, but both retailers and shoppers seem to be more than happy to get an early start. >> it's exciting we can come right now, right before thanksgiving dinner. you feel it in the store, everyone is really happy. it's really fun. >> reporter: despite overall healthy consumer spending this year, consumer confidence dipped slightly this month, the fourth month in a row. as a tiny bit of hesitation in terms how this year's holiday shopping is going to go. i can tell you, some analysts are very optimistic, some are calling for the potential of the first trillion dollar holiday shopping season. we will have to wait and see. >>> the ch

the national retail federation reporting consumers will spend an average of more than $1,000 this holidayson. up 4% from last year. a healthy chunk of that going towards electronics. experts suggesting you grab deals now. on thanksgiving, kohl's is bundling an xbox one s with a game for $200 plus a $60 credit at the store. and you could score big on previous generation apple accessories. airpods, a $25 price drop from just nine days ago. >> there will be sales later on. so if you can't afford something now but you're eyeing it, track the prices and just start monitoring it. >> tom, online applications like honey can save you even more money. when you install it in your browser and check out, it automatically searches for coupons and applies it to your cart. >> kaylee, thank you. >>> when we come back, saying good-bye to a tv legend. stay with us. realized something was missing... me. the thought of my symptoms returning was keeping me from being there for the people and things i love most. so, i talked to my doctor and learned humira can help get, and keep, uc under control when other med

confidence actually fell for the 4th straight month falling to 125.5 this month but the national retail federation expects sales to go up by 4 percent this holiday season so how can you see growth when people don't even have the money to spend. well again of us and we are we are a buy them on society and with if you had a credit card and it's got room you're going to buy you're certainly not going to cut back into the christmas season you're going to overspend i mean there are still people paying off last year's christmas bills and of course that's the whole scheme of their credit card companies that juice up these rates or the special deals they make you know if you're interested pay with a $90.00 days well nobody plays with 90 days of these that so they end up paying multiple usury rate type of rates and that's really what happens but again when it comes to christmas people are going to step out and buy it at their work and they're going to make sure they have enough money to buy for their kids or family or whatever and that's just the way it is i mean we're going to see big sales and i guess th

last year the national retail federation says 165 million people spent an average of $313 monday.ers are expected to spend about $325, that's about a four person increase. the group says it expects online and catalog sales to increase between 11 and 14% for the holidays. >> there feeling pretty good about the economy, the stock market is on fire, that translates into spending. 730 billion is what is expected and that's what we're going to see. >> retail experts said many people have already started shopping well before black friday. this year there are just 26 days between things giving and christmas, the fewest possible number of calendar days between those two holidays. >>> here in the bay area black friday deals led to some long lines at the outlet stores in livermore. some of the biggest crowds were right outside of nike, the north face and designer handbag shops like kate spade and tori burch. the tommy hilfiger store but of crowd control barriers, letting people in one group at a time. some shoppers told us they got to the mall in the wee hours of the morning. >> we came her

online this is according to the national retail federation, so hot. >>of those packages landing on all of those doorsteps. the porch pirate out of force as kron four's justine waltman tells us from the north bay 2 people have just been arrested for swiping have the goals of packages from doorsteps envelopes now recovered after being stolen from doorsteps at the serenity aptments in larkspur. >>very nice area. >>and jesse just moved in here to the complex at larkspur landing. a package disappeared from their doorstep and so did one from their neighbor were downstairs. so many have to like really be. >>salling to get over there and sitting back y have to be dedicated to the concept of getting that package down ere. >>stas increased dramatically during the holiday season. and a central marine police were able to catch the paage thieves because an alert neighbor kept video of the suspects vehicle. swiping packages. the video helped police arrest 2 suspects about an hour. nearby shopping plaza. along with 16 a stolen packages. police say they also found me

estimates from the national retail federation see that holiday sales will be up 4%. how much of the money is spent at target. guy: thank you bert -- vonnie: thank you very much. that is kailey leinz with our stock of the hour. coming up, david westin will be speaking with senator ben cardin about the situation in hong kong and the impeachment inquiry ongoing in the house today. sondland speaking right now, the president just giving his reaction. checking u.s. markets, equity indices about where they have been for most of the morning. the dow down .3%. this is bloomberg. ♪ ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. on the briefon the brief today,n cirilli from washington on the testimony of gordon sondland, and from london, therese rafael on the debate between boris johnson jeremy corbyn. we've all been watching and bassett are sondland testify. allpresident has -- we've been watching ambassador sondland testif

according to the national retail federation, 56% of shoppers have already begun making purchases.ve finished their holiday shopping. >> a man got more than he bargained for when he broke into the house of an 82-year-old woman. she just happening to be an award winning body builder. >> i'm alone and i'm old but guess what? i'm tough. >> those guns are better than yours, eric. >> they are. >> willy murphy lives in rochester, new york. he says a man knocked on her door asking her to call an ambulance. but moments later, the body builder heard a loud noise and realized he had broken in. she came down to confront him grabbing a nearby table. >> i took that table and i went to working on him. and guess what? the table bro j him. i had really did a number on that man. >> she's making me scared. when police arrived it wasn't murphy who needed medical attention. the suspect who police say was intoxicated was taken to jail. murphy is not pressing charges. >> well, if he wasn't intoxicated before, he may be afterwards. >> last ec which on weather now. >> tomorrow what we'll find is a dry day

the national retail federation says holiday sales could grow as much as 4.2% compared to 2018. a possible high of $700 billion. good news for job seekers, retailers are expected to hire more than 530,000 seasonal workers, also online and not sourced sales rise nearly $1 billion. jogrowth and wages. >>> retail me not want to have you covered. the company is calling this thursday cash back day, all you have to do is sign up for a free account and you get to 20% cash back for participating are online retailers. >>> stocks with new highs in google demanding action on climate change. we go live to the new york stock exchange for this morning's moneywatch report. good morning. >> reporter: good morning. the stock market kicked off the week in record territory, the doubt rallied 114 points monday. the nasdaq up 46, the s&p 500 at 11. all three major indexes at record highs. more than 1000 google employees signed and on my petition demanding the company come up with a climate plan that commits to zero emissions by 2030. also calls on google to decline contact and support feel industries

according to national retail federation, consumers will spend about $1000 during the upcoming holidayncrease of about 4% from last year. i found this interesting because you have younger kids and you feel pressured to spend more? my kids are teenagers and their gifts are way more expensive. they want air pods and things like that. you can just go down to the store and pick up some trinkets like a $40 lego set. >>> out the door, it has been a very busy monday. >> it has not been a good commute anywhere you look. there have been problems to blame and we are looking at some of these commutes. i want to mention that traffic is a little better at the bay bridge, just a little bit, getting there may be tough on the east shore freeway because of earlier issues and if you are driving eastbound, there is slow traffic because of an earlier problem. there is a delay about 20 minutes and then you can get onto the bridge and you can see the traffic on westbound highway 4 all the way down to 580 and 80. the south bay commute is completely sold out into sunnydale and cupertino but downtown san jose

bonanza. >> national retail federation estimates. up .8% to 4.2% year on year as compared to last year up 2.8%. >> spend, spend, spend. appreciate it. let's take a look at charles schwab. a deal to buy tv ameritrade earlier this week. moving the headquarters to texas. they are doing it for tax purposes. the stock down just slightly. a minuscule franchise tax compared to california and nebraska where ameritrade is currently located. matt comes to us from austin texas. the low tax capital. when our other states going to do what texas does to lower business there? your strategy is very well paying off. is it not? >> it is. so many companies relocating in texas. that is for a mix of reasons that are positive. comparisons to high tax states like california, massachusetts, illinois and new jersey. those reasons are number one. we have no state income tax. a very attractive state to live in. an attractive state to work in. we have a margins tax. less than 1%. 0.15%. almost 8%. td ameritrade almost at 9%. when you add into that the lower hou

the national retail federation predicts roughly a 4% increase in retail sales compared to last year.hat equates to 730 billion extra dollars just this holiday season alone. you've got partners that are predicting sales could increase up to 5%. all of this comes at a time where we are facing some economic instability from the china trade war. it hasn't passed on to consumers in terms of prices. that's why you have all of these shoppers behind me heading to the stores and got black friday and cyber monday. what's going to be open at 5:00 p.m.? if got target, best buy, macy's, coal, bed bath & beyond. there's tons of deals online. i'm seeing stores that have 50% signs in the windows. if anything, i'm going to throw it back to you and say happy holidays to anyone that's watching. >> shoppers are feeling extra good heading into the holidays. let me start with you. you follow trends. it's pretty obvious. there's a certain amount of excitement in the air coming into this holiday season. >> that excitement is going to result in decent quality sales. they're feeling pretty good about the econ

the national retail federation expect more than 165 million black friday shoppers this year, each spendingver $1000. >> we are not seeing people line up like they used to. 2007, 2008, these are people swarm walmart, grabbing tv's and fight over things. that is not what black friday looks like anymore. this has become an online holiday. a lot of these companies rollout promotions back in october. there has been a lot of online shopping. something like a quarter of bargains have been bought today. you don't have to wake up and stand in the cold anymore. it is definitely changing. >> who are people going out to the stores today? >> a lot of young shoppers. the millennial, gen z shoppers seeing this is a social event. that is why stores like american eagle, urban outfitters are benefiting from those young shoppers. also, electronics also benefit. people who want tv's and the big electronics, they are seeing a lot of foot traffic as well. >> our forecast was sales would grow this year between 2.8% and 4% over one year ago. we know the consumer confidence levels have been very high. we have low

. >> reporter: the national retail federation says last year, 165 million people spend $313 between thanksgiving and cybermonday. they will spend 4% more. >> the stock market is on fire, that translates into spending, that is what we will see. >> reporter: on chicago's michigan avenue, what seemed less busy than previous years, reflecting the trend of americans taking advantage of earlier deals and online offers. >> is this something you ever do? >> i used to starting midnight friday and now that it is thursday going in at 3:00, 4:00 i don't do it anymore. >> reporter: there is some uncertainty, the president's tariffs on chinese imports, prices on toys and electronics could go up if a trade deal wasn't hammered out. >> the president has an interest in solving it. as long as the economy stays strong and a trade deal gets done the president is in better shape from a real election standpoint. >> there are 26 days between thanksgiving and christmas. the clock is ticking on any potential holiday shopping. mike: matt finn in chicago, thanks a lot. stocks were off in this half day of trading, that our

consumers will shop over this weekend, according to the national retail federation. and they're expected to each spend more than $1,000. that's a lot per person! you can find a black friday deal, 2019 shopping guide right there on our website on the home page, abc 7 news.com. >>> a recent survey ranked the bay area the worst in the nation for porch >>> people in one san francisco neighborhood are assessing the damage after three separate water main breaks flooded some homes. it started around 9:30 last night at 22nd street between kansas and carolina. you see the water rushing down the sidewalks into some garages and basements. the breaks were identify in 12, 8 and 6-inch water mains. water has been shut off while crews repair the lines. >> water was coming down that hill, so it was like a flood. this is the third time during the week that they've had our water shut off. so it's a bit of a challenge bi. >> water from those breaks poured on to 101 last night temporarily shutting it down. >>> people have been arrested during a robbery at a target store last night. >> s

despite that, the national retail federation expects more than 165 million black friday shoppers thisng over $1000. some say the hype over black friday has fizzled because the shopping season has become so spread out. on average, americans have completed almost a quarter of their shopping. that means fewer dollars for black friday. joining us to explore, we have partner melanie sanders, she has 14 years of experience across a range of product categories. melanie, things are joining us. i want to explore the phenomenon of black friday. we are seeing ads in australia and spreading into asia. is this another example of an american cultural tradition turning into something more global? yes, we are seeing it spread across many geographies, including my own and yours, paul, in australia. you only have to walk down high street and see the number of black friday signs in front of windows at retail stores. i think it is broader than a u.s. cultural phenomenon. it is in, not -- it is an amazon phenomenon, in that that they have colonized black friday around the world. we had it in australia in

the national retail federation expects more than 100 65 million black friday choppers, each spendingr $1000 over the whole season. joining us to talk about it is bloombergs and riley moffat who leads our coverage at bloomberg. i already bought something today. i logged online and looked at the deals and saw something i like. am i a harbinger of good things to come for this season? ann: you said you did it online and that shows you how black friday is changing. we are not seeing people line up like they used to. 2007, 2008 you saw people swarm walmarts and by teepees. that is not what black friday -- and buy tvs. we saw a lot of these companies rollout promotions in october. a lot of online shopping has already took place. a quarter of presents have already been bought. you do not have to wake up and stand in the cold anymore. it is changing. taylor: have there been any big missteps today? anne: we saw some yesterday. because there was a lot of online shopping on next giving itself, we saw costco website down for a couple hours. nordstrom was down. slowness on home depot. it is a bit

the national retail federation reporting consumers will spend an average of more than $1,000 this holidast year. a healthy chunk of that money going towards electronics. experts suggesting you grab deals now because inventories might not last until christmas. on thanksgiving, kohl's is bundling the xbox one s console with a video game for $200 and a credit at the store. with apple's release of new products last week, you can score big on previous generation apple accessories. these airpods $144, a $25 price drop from nine days ago. >> there will be sales later on. if you can't afford something now but you're eyeing it, track those prices and start monitoring it. >> reporter: online applications like honey can save you even more money. once you install it in your web browser, check out at your favorite shopping site. the program automatically searches for coupons and applies them. kaylee hartung, abc news, new york. >> our thanks to kaylee there. are you ready? >> not yet. but i'm excited to take some notes, though. >> new this year amazon said it teamed up with singer and songwriter mar

the national retail federation is right, we are all going to keep shopping. nrf expects holiday retail sales online and in brick and mortar stores to fall between $728 billion and $731 billion. that's for the full holiday season which is now through december. laura? laura: all right, ellison, maybe we can compare notes later today. thank you so much -- >> reporter: you bet. laura: -- for that report. leland: we bring in steve moore of the heritage foundation, friend of the show well, to talk about how this all plays in all right. big picture, as an economist, do you care whether people are spending it online or in stores or on their smartphones? >> you know, we -- they call it cyber monday, maybe we might have to call it cyber friday, because it looks like more sales were done, leland, this weekend online than in retailers. yeah, you know, i do worry about the retail sector. it's a major part of employment and the shopping malls of the country. but the most important thing is are people spending, and the absolute answer right now is, yes. leland, this is a blo

the national retail federation says at shoppers this year are feeling pretty good and that shld translateo spending more money, however, year there are 6 fewer days between thanksgiving and chrimas to shop compared to last year. we talk to r financial expert rob black about whh items you ould take advantage of this weekend. and which one station maybe hold off on. well for instancen tv's i would wait ll super bowl because tv's that tend to sell on black friday or low feature tv's and they'rtryinto get rid of this year's inventory before the super bowl. >>april amuch better deal for nin's like memorial day is a better day for jenner has little white sales. so you have to be kind thinking about what you y. and at this point in time, you know it's definitely the time to get 1020 30% off for sure. >>and make sure to check ou kron 4 dot com for the latest cyber monday deals that we found. >>all right sthanksgiving is over to pick up. this tree yet crest ranch tree farm in santa cruz county is the oldest tre farm in theest ast and on top of picking out your favorite tree you can cut it down you

the national retail federation says in november and december holiday retail sales are expected to grow between 3.8% and 4.2% from last year that is due to high employment and good economic performance. today we take a look at how man's best friend is helping veterans with ptsd. >>and in sports after 6 weeks on the road the raiders finally returned to play football in the bay area. yesterday marquez coach gruden's reaction to their big shouldn't they go to prison for as long as the law allows? chesa boudin said he wouldn't seek maximum sentences as district attorney, even for murder. we are a progressive city, but letting violent criminals off early endangers everyone. ad paid for by san francisco police officers association. not authorized by a candidate or committee controlled by a candidate. disclosures at sfethics.org. >>dogs of course can be more than just a loyal pet for some members of the military they can help with everyday tasks. christine when you has the story of a veteran whose dog gave him a new outlook on life. >>john seely spent 28 years in the military serving in places

>> the shopper is alive and well according to the national retail federation.he holiday shopping season would increase from 3.8% to 4.2% increase in sales. when you look at, for example, you mentioned macy's, which hasn't done as well. but the other side of that, walmart or a kohl's, jcpenney, target, for example, posted a big beat on earnings. they are doing very well. they have a great in store experience and ramping up their online sales. target had 31% increase in e-commerce sales. so the consumer is the back pin, the backbone and the pin so to speak of the economy. you know what? when clinton was impeached, both years the market was up over 20%. with a strong consumer we're doing okay despite the impeachment media circus. neil: we really are which is remarkable. john layfield, when people come up to you, sort of say all right, i missed the party here, i really kick myself for missing this party, i want to jump in, they're jumping in at lofty levels. obviously as you remind me, could have said that, 3, 5, 10,000 points ago. what do you tell them? >> i think

. >> the national retail federation says last year 165 million people spent an average of $313 betweencyber monday. this year, with a strong economy, shoppers are expected to spend about 4% more. and this year, dana, there are just 26 days between thanksgiving and christmas. that's the smallest mus number of possible calendar days between the two holidays. the clock is ticking for these bargain hunters beginning today. dana? >> dana: yeah, i'm feeling the pressure. all of the sudden wow, it's soon. have you got to get all your stuff down. matt finn, have a good time out there. thank you. chick if i slay facing backlash from conservatives after fast food chain announced ending charitable organizations to christian groups that opposed gay marriage. conservatives take issue with the donation given to the southern poverty law center which has labeled some conservative christian organizations as hate groups as. this ited cruise tweeted this: here to talk about it is dagen mcdowell and my future co-host on "the five" tonight which i'm going to enjoy. what's happening here? >> so, chick-fil-a