back over to you. >> courtney reagan with cnbc. courtney, thanks. >>> and after a weekend that included snow, ice, rain and 60 degree temperatures, we're back to reality. chilly start out there and the winds still picking up a bit with this live look outside, but conditions do get better. just stay cold. we'll have the details coming up and in traffic. >>> thanks, krystal. 422. cameras around 29. no big problems or delays. an easy commute. more updates for you when i come back at 5:30. >>> plus with new calls to investigate russia possibly influencing the presidential election, hear why a republican leader is calling the whole thing a spin job.

courtney reagan in mt.uliet, tennessee. >> if you received a gift that's not quite right, we have some ideas. stacey tisdale is a financial journalist and author and the big problem i see with unwanted gifts is telling someone who had the kindness and generosity to give you a gift that you would like to return it. is there a gift receipt, do you need one. >> you do need a gift receipt and do need some of the original tags. otherwise you're probably not going to get a return but we have to rethink this. >> okay. >> it's really hard to tell someone that you want to return their gift. so we really have to think of it as you're wasting their money. >> but you're saying the people who love you enough to give you a gift or like you enough or feel obligated enough to have a gift want you to have a gift that you're actually using so better to ask them for a receipt and when you go to the store are you bound to encounter problems at the stores? >> big retailers like walmart and target have a 90-day return policy. >>

for "nightly business report," i'm courtney reagan in new york city. >> there's hope. >> there's hope, that's pretty good. >> it is pretty good. >> wow. >> that will do it for us tonight. i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. thank you from me as well. have a great evening, we'll see you back here tomorrow. >> announcer: "nightly business report" has been funded in part by hss. >> our value principles are patient first. and we want to deliver the highest quality care. >> the goal of creating and sustaining value is all about putting the patient at the center of the equation. >> the purpose of this organization is to help people get back to what they need and love to do. this program was made possible in part by contributions to your pbs station from viewers like you. thank you. ( orchestra tuning ) ( people chattering ) ( audience applauding ) ( applause continues ) ( applause ends ) ♪

courtney reagan is in mt.ia, tennessee, where one company is looking to corner the market on returned goods. >>> measures returned $260 billion in merchandise to retailers last year. or 8% of total purchases. even higher around the holiday season. according to gartner research, less than half is resold. leaving retailers booking big losses, in some cases as much as 10% of total sales. unwanted and damaged goods either get tossed out or sent through a lengthy chain of liquidators and whole solers paying phenomenon pennies on the dollar. add in the surge of online shopping and the problem gets even bigger. return rates from online sales can be 30% or more, and that has research from gartner warning retailers the old way of dealing with returns is a ticking time bomb. >> retailers are not very good at managing returns right now. unless they invest in their ability to manage returns, the volume of returns coming back will cause problems in their overall supply chain. >> reporter: best buy is working on ways, addin

courtney reagan reports for us tonight from a queens center mall in elmhurst, new york. >> reporter:f you haven't finished your holiday shopping yet, you're not alone. >> today's my first day. >> it's going to be last-minute shopping. >> reporter: during the season, millions of americans turn to the internet to check off their shopping lists, pushing online sales up nearly 11%, according to adobe. >> i've done it online. >> when you go to specific sales and then you look online, you can find a difference. >> reporter: but the clock has run out on standard shipping in time for christmas. with christmas less than two days away, many stores are very busy today, at least compared to other days so far this holiday season. with christmas eve and hanukkah tomorrow, it's pretty much traditional retailers' last chance to scoop up those sales. shoppertrak, which tracks instore foot traffic, expects today will turn out to be the third biggest day of the year for shopper visits. retailers' christmas wish is for that forecast to translate into strong sales in the final hours. >> i'm getting stuff

i'm wilfred frost along with courtney reagan in for sara.ourt, good morning. >> good morning, wilfred. >> straight to market action, declines last week. we did see the dow fractionally down. the s&p down 1%. the nasdaq down most significantly about 2.5%. within the s&p, 8 out of 11 sectors in negative territory. the tech down 3%. energy the best up over 2.5%. oil rallied significantly some 12%. we'll get to the reasons for that in a moment. today we are expecting a higher open. the dow up by 75 points. the nasdaq up 22 points. the s&p up about 107 points. that comes largely because of the positivity in european trade. despite a resounding no vote against the incumbent prime minister matteo renzi leading to his resignation in the constitutional reform referendum. why is the reaction so positive despite the bad outcome for the establishment? the transition post-renzi is looking to be relatively stable. so we have the bad outcome in the vote, but the realization that the worst-case scenario is highly unlikely, and by that i mean the possibility

. >>> good morning, i'm courtney reagan at cnbc.rket an electric car for the low, low price of $17,000. the automaker will share technology with its partners aiming to lower prices by as much as 20%. that would make an electric nissan as cheap as a gas powered cars. they brought the leaf to in 2010. with your cnbc morning business report, i'm courtney reagan. >>> four things to know, eleg tors will make it official today for president. officially making donald trump the next president of the united states. you can look for updates throughout the day in the nbc washington app. >>> be sure to follow molette green on twitter. we know that the district yacht club clubhouse is a total loss. no one was hurt. >>> and salandy will be sentenced today, he was convicted of killing his producer. >>> and zsa zsa gabor being remembered today, she died of a heart attack yesterday at the age of 99. tune into the "today" show for more on her life as a trailblazing star in hollywood. >>> and there is your five day forecast. cold today, only in the 30

i'm wilfred frost alongside courtney reagan who is in for sara today who is on assignment.ood morning. >> good morning. >> let's get straight to the market action. rallies across the board. record highs across the board yesterday as we said already. the dow, s&p, the nasdaq, russell 2000, s mid caps and th dow all hitting fresh highs yesterday. extraordinary stuff. broadness of the rally. the dow called higher this morning by 42 points. s&p by 3. nasdaq by 3.5 points. u.s. equities doing well. we also saw equities in europe do well yesterday. let's look at what the euro did over the last 48 hours or so. it moved very sharply. initially going about a percent higher. when the decision from the ecb was announced, the market was focusing on the fact that the monthly size of purchases was reduced, there fourth euro rallying on the expectation, that meant stimulus was being withdrawn. about an hour later, when the press conference began, the euro fell sharply. about a percent and a half down for the day. that was when mario draghi started to speak and people focused on the time f

courtney reagan is in for sarah. happy friday. >> i'm always excited to hear what the first song is. good pick. >> and i actually know who this is. old school. let's check in on the global markets this morning. futures trading right now after some declines yesterday. we did see slight gains for the dow, slight declines for the s&p. a bigger decline for the nasdaq. it was down just over 1%. week to date, we're looking at nearly 3% of declines for the nasdaq, 1% for the s&p, dow just in positive territory. and we're staring at slight declines in the futures market as you can see, the dow doan by 14 points or so, nasdaq by 24. so this will he said tend the w streak if things stay like this. let's look at the ten year treasury note in that had an effect on stocks yesterday because it spiked more meaningfully in terms of daily performance than it had in recent days b. we saw the ten year note go just shy of 2.5%, it was 2.49 at the highest point of yesterday's trade in terms of yields. it's at 2.42 today. so just retracin

i'm wilfred frost in with courtney reagan in for sara.iven the run we have had recently, the dow is essentially flat, just higher. the s&p is showing a slightly more meaningful decline. this comes on the back of the nasdaq being the best performer last week up 3.5%. the s&p and dow were up 3%. so just expecting to have a little bit of profit-taking within the nasdaq this morning. let's have a look at oil prices. that's the big mover today on the news that some non-opec countries have agreed to the opec production cuts, in particular, russia is the most important one there coming to the party. that's led oil prices to rise higher by about 5% or 4.5% as we look at things now. so we're just shy of $54. we have the oil prices coming in just a moment. there they are, up 4.3% now. wti sitting at 53.7. so that's spurred oil prices. and energy sectors are higher as we look at european trade. we're seeing a little bit more muted performance than we saw last week as you can see some declines across the mains there. this comes on the back of big gai

. >> reporter: cnbc's courtney reagan wrote about the many unhappy returns that come after ristmas anders do with all those returns. >> maybe they sell it le an open boxed merchandise, best buy does that a lot, or in some cases it has to be sent to a liquidator or wholesaler. >> reporter: there's also pressure to please customers, even when customers are exploiting the transaction. >> many women, in fact, will order dresses or clothing in more than one size because they are just not sure. they never intend to keep all three of the dresses, just the one that fits. >> reporter: but so will some of the gifts to be gifted. chris clackum, nbc news. >> the dreaded returns. >>> well, actress carrie fisher is now in stable condition following a heart attack she suffered friday. that's according to fisher's mother, actress debbie reynolds. reynolds posted she was in stable condition. if there is a change, we will share it for our fans and friends, i thank you for frars and good wishes. >>> children left christmas gifts at home in one mass evacuation as experts work to defuse a world war ii bomb

reached store shelves in the fall and became ap immediate hit, i think largely to youtube, our courtney reagan went straight to the source of what put the toy in such high demapped? kid. >> this year's hottest tool is a hatch mole, a creature that hatches once, which can take up to 45 minutes. if the child in your life wants one, you are probably out of luck for the holidays. while toys 'r' us, wal-mart, k-mart and amazon sells or sold the hot toy around $50. it's nearly been sold out since october. they call the consumer response extraordinary, exceeding all expectations t. canadian toy master spin master is planning to get more hatchables to retailers. it's a sellout smr one of our best friend's youngest daughter wants one real bad. they can't find one. they have been looking on the sper net. you you can get one for a few hundred dollars, she won't pay that. r from the manufacturer does not support non-authorized resellers, if you are desperate, you can bid three times or more to buy them on ebay, some sell them four times retail price or $200 with shipping. the most aggressive ask almost fi

courtney reagan on the big stock. >> hi, melissa. lululemon margins are really strong. 51.1% compared to 46.9%, the same time last year. that's really what's driving this stock here on some pretty heavy volume, too. supply chain i aments are a big part of why we saw those margins increase. third quarter was really strong for lulu. lulu beat across the board with much stronger than expected for total comparable sales up 7% compared to the 5.2% the street was expecting. the ceo did say the current quarter started out mixed but has strengthened. the retailer also on track with its five-year plan to double revenue and earnings. showing particular strength up 20% and there will be, quote, fantastic innovation in the bra category in 2017. men's delivering mid teens comps too. lululemon is opening three stores in china this month. melissa? >> thank you, courtney reagan. we've got to go to pete on this. >> lulu men's line. >> i do. and i'll tell you what, children's, men's and internationally should talk about china. gross margins i think is

our courtney reagan went straight to the source of what's kids. >> it's hatching. >> this year's hottest toy is a hatchimal, a creature in an egg that pecks its way out. hatching once which can take up to 45 minutes, but if the child in your life wants one, you're probably out of luck for the holidays. while toys r u.s., walmart, target, k martd and amazon sell or sold the hot toy for around $50, it is a been nearly sold out since october. the hatchimal website calls the consumer response extraordinary, the canadian toymaster spin master is planning on getting more hatchimals but they can't promise it. >> you can get one on the internet for a few hundred dollars but she won't pay that. >> the hatchimals does not inflate inflated prices from non-authorized retailers but if you're desperate you can bid price or for score one on ebay. they start at roughly three times retail price or $200 with shipping and walmart marketplace sellers are the most aggressive asking almost five times retail price or more for the season's hottest toy. chloe kennard is one of the lucky ones. >> they are pretty

. >> courtney reagan wrote about the many unhappy returns and want retailers do with all the returns. >> maybe they it sell it like an open box merchandise. best buy does that or in some cases it has to be acceptabilse wholesal whsa >> many women will order dresses or clothing in more than one size because they aren't sure. then keep them, just the one that fits. >> as sure as christmas returns a year from now, so will some of the gifts to be given. chris clackum, nbc news. >> some stores are more accommodating than others when it comes to returning those gifts. >> l.l.bean guarantees 100% satisfaction in every way. there's also no time limit. >> let's look at lands end. they have a policy similar. you can also get partial store credit on those items without a gift receipt and allow yos tow return up to a year for free as long as they are in their original condition. >> when it come s to to keep in mind. forever 21 requires a receipt in stores for exchanges only within 30 days. their online store is more lenient, but you should still act quickly. if you receive the gift from kmart, a

courtney reagan has been trying to get gifts. that's not your apartment?ou were trying not to leave. >> that's exactly right. i spend too much time talking about retail and not enough time participating. i had shopping left to complete. stores would have been my answer since it is so last minute. i live in new york city so that means amazon prime is available to me as a prime member and it is available in new york as one of the 30 cities. they have a two hour delivery window so i tested it out. yesterday i ordered some items from the charity gift list. the selection as you might expect is a bit more limited than the full site. i was able to get almost everything from cook wear to socks to tools. i placed the order just before 2 p.m. i did have the camera here at the prime facility to catch the order being fulfilled which happened within eight minutes of the order being placed. the earliest window was 4 to 6 p.m. the delivery person left facility and did jump on the subway with our items in a big orange backpack. he got to me around 3:10 p.m. 50 minutes ear

bob pisani is tracking action on the floor of the stock exchange and courtney reagan is at the nasdaq market site for us. >> talking about this rotation. november industrials, materials and banks giving way now to new sectors of the company like consumer names. there is nike up nearly 2%. didn't have a great november but doing pretty well now. drug stocks, swing around to the right and let me show you here. remember when trump was talking about bashing drug stocks they had a tough time but now drug stocks like pfizer and lilly are starting to advance. consumer companies didn't do much in november but now slowly starting to advance. consumer staple names like cisco, tyson doing well. what is falling back? some big material names. alcoa down. some of the big industrial names. swing around here, a lot of people on the floor here. there is general electric that had a great november overall. that has stopped advancing. the bottom line, every time you see something falling back you have other groups coming to the floor and that is why this rally has been so powerful. >> the nasdaq is leadin

cnbc retail reporter courtney reagan says one in ten gifts will likely be returned, but some stores don'tallow returns if bought online. >> as much as 30% to 40% of things bought online can be returned. >> some deals here. three most important tips for holiday returns from the national retail federation. bring your receipt if you have a receipt. that way you can get what you paid for the item and not the sale price that is probably going to be marked on the item after christmas. also, there are varying time limits for returns. different time periods for when you can return things, whether it be one month, et cetera. check the retailers. make sure you have your i.d. a new policy in a lot of stores. you cannot return items if you do not have your receipt and i.d. that match up. whether returning or shopping, the best time for beating crowds experts found is getting to the stores just as they open or coming to the store for your return or shopping just as the stores are getting ready to close. tom jensen, nbc bay area news. >> the rush to return. >>> heads up right now if you are planning on

. >> reporter: cnbc's courtney reagan wrote recently about the many unhappy returns that come after christmastailers do with all of those returns. >> maybe they sell it like an open-box merchandise. best buy does that a lot or in some cases sent to a liquidator or wholesaler. >> pressure on retailers to please customers, even when customers are exploiting the transacti transaction. >> many women, in fact, will order dresses or clothing in more than one size and never intend to keep all three, just the one that fits. >> reporter: as sure as christmas returns a year from now, so will some of the gifts to be given. chris clackum, nbc news. >>> coming up, he's a super star on the basketball court. two-time mvp accept curry shows how he brings smiles off the court, too. his inspiring story is next. 'tis the season to share the holiday spirit... and a warriors superstar did just that. here's comcast sportsnet's mindi bach with the heartwarming story. >>> 'tis the season to share the holiday spirit and a warriors star did just that. here's the heart warming story. >>> 'tis the season for christmas l

we turn to courtney reagan live at cnbc world headquarters. >> good morning to you.wall street could start the week in posterity. futures are higher this morning. dow coming off six straight weeks of grains closing in on the key psychological 20,000 marks. we look for a report on home sales, personal goods and gdp. dow up eight points to 19,843, nasdaq down 19 to 5437. >>> elon musk announced he would start a new company dedicated to making tunnels. he was tired of traffic and would create a company to bore tunnels and make new roads and call it the boring company. he changed his twitter page to reflect he is the head of three companies, tesla, spacex and the boring company. "i am actually going to do this." any time we have a guy with a funny accent who is a billionaire with a giant machine that bores holes into the earth, that is every james bond movie. >> he could be a villain. >> this guy has the most exciting companies in the world. >> revolutionary thoughts. >> beyond that, he actually does it. he actually builds cars. >> save this clip and we'll revisit year e

. >> cnbc's courtney reagan wrote recently about the many unhappy returns that come after christmas andhat retailers do with all those returns. >> maybe they sell it like an open box merchandise. best buy does that or in some cases, it has to be sent to a liquid or o wholesaler. >> even when customers are exploiting the transition. >> many women will order dresses or clothing in more than one size because they're not sure. they never intend to keep all three. just the one that fits. >> but as sure as christmas returns a year from now, so will some of the gifts to be given. nbc 10 news. >>> the thrill of opening christmas gifts is over and now comes the mundane task of writing thank you notes. today, it's national thank you note day. in today's high-tech world, et quit experts still agree that writing and sending thank you notes go a long way. >>> if you're still enjoying your holiday vacation, you can get a couple of bucks off your admission to the national constitution center. all you have to do is bring school supplies to donate. that's in place through the weekend. >>> if you're head

here is courtney reagan. >>> retail was all about online shopping in 2016.nd in 2017 it may be all about leadership and policy changes. here are three predictions for the new year. long-time macy's, starbucks ceos have announced they're retiring next year. they won't be alone. as the pace of change accelerates, look for longer-term ceo seats to change as well. look for new ceos with more diverse experience to step in. retailers that source clothing and shoes from overseas may have to go back to the drawing board when it comes to the supply chain. if trump talk on major change on trade, tariff and import regulations are realized t could increase costs and compress profitabilities because passing on costs to consumers will be nearly impossible. many are looking for inflation under a trump administration, you won't see it in the prices shoppers pay in the near-term. for more than 30 years prices consumers pay have been flat or lower compared to the year prior, even when cotton prices doubled. price pressure from newer players like prime arc and forever 21 and s

back to you. >> all right, thank you very much, courtney reagan.npd report along with reports of a possible border adjustment attacks tank the xrt retail etf yesterday. today it is flat. let's break down the sector and consumer now with jan niffen, a cnbc contributor. steve liesman also joins us. was there an overreaction yesterday in retail? >> overreaction, that's an interesting question. i think sales will be about what we expected. and i think that we're not having actually deeper discounts than last year. i think they're in line. i think the last two days helped us get to the 3%, 3.5% range. if you look at this christmas, this holiday, it was an overreaction. if you think the tax law is going through, as currently drafted, maybe it is not an overreaction. it hits retail pretty hard. and there is winners and losers. you have to figure out who has the most debt who has the highest gross margin, who gets hit harder. there is a lot going on in this -- >> who looks the best? under a new possible tax change? >> who looks the best? well, if you happe

. >> reporter: courtney reagan wrote recently about the many unhappy returns that come after christmasilers do with all those returns. >> maybe they sell it like an open box merchandise, best buy does that a lot or in some cases it has to be sent to a lick we day torr or a wholesaler. >> there's also pressure to please customers even when customers are exploiting the transaction. >> many women will order dresses or clothing in more than one side because they're just not sure. they never intend to keep all three of those dresses, just the one that fits. >> reporter: but as sure as christmas returns a year from now so will some of the gifts. >> reporter: coming up on news 4, got a gift you just don't love? i'll have everything you need to know for how to return it. >> we will get a break from the bitter co uck isch >>> unbelieve my we're talking about 60s in the forecast this week, chuck. >> we sure are. just one day of it though. that will be coming up for tomorrow. so start thinking now. what would you do if you had a 60 degree day to get out and y? up in just 24 hours. for now though,

courtney reagan is live at queen center mall in elmhurst, new york. courtney. >> hi, jon.oint, millions of americans have been shopping online, pushing sales up 11% according to adobe. if that's your claim going forward, you're out of luck. you'll need to hit the store because we're two days from christmas. today is the day for traditional store retail. shop attract predicts today will be the third busiest shopping day of the year, the 26th will be the second busiest day behind black friday. our cnbc all america economic survey, again this year says it's the men the last-minute shoppers, we found a couple of them. >> i'm looking for a charm for the wife. last-minute thing i have to pick up. >> no, i'm actually quite done. i had to check one more thing for my little brother and that's it. >> all of it today or -- >> no, just the last-minute gifts, the little things that were left on the list that i didn't have time to get to before thanksgiving. >> now, a slice intelligence scan of 1.7 million online e-mailed receipt said amazon is dominating e-commerce sales so far this se

with your cnbc morning business report, i'm courtney reagan. >>> it is now 5:55.tarting today, it will be easier to get into the smithsonian's new museum of african-american culture and history. a limited number of same day passes will be offered. until now the passes have only been available through online reservations made weeks or months in advance. admission is free, but you do need this pass to get in. the museum opened back in september to rave reviews and long lines for sure. >>> new this morning, turns out this weekend's surreal weather was just a precursor to new word of the year, surreal. the dictionary says that people searched for the word during times of tragedy like the orlando shooting and times of surprise like the brexit vote. it's a relatively new word for the english language dating back to just the 1930s. its definition, marked by the intense irrational reality of a dream. >> a lot of thing this is 2016 that word could be used. >> but it's a good word. one of those words that gets used enough or properly when it is used. >>> next at 6:00, wild

. >> cnbc's courtney reagan wrote recently about the many unhappy returns that come after christmas andretailers do with all those returns. >> maybe they sell it like an open box merchandise, best buy does that a lot or in some cases it has to be sent to a liquidator or a wholesaler. >> there's also pressure on retailers to please customers, even when customers are exploiting the transaction. >> many women, in fact, will order dresses or clothing in more than one size because they are just not sure, they never intend to keep all three of those exact same dresses just the one that fits. >> as sure as christmas returns a year from now, so will some of the gifts to be given. kris clackum, nbc news. >> more backups at the mall. perfect. >>> much more ahead. coming up next it is a dream come true, a south bay high school student bound to her wheelchair has some big hollywood dreams. >> i like being able to be someone else and it's just fun getting to be someone else for the day. >> how her fellow schoolmates made her wish come through just in time for christmas. that story coming up next. >>

courtney reagan has that back at hq. >> hi, carl.he cnbc all-america economics survey shows there's no stopping the surge in online shopping activity. 41% of americans say they are shopping online a lot or fair amount this holiday season. that is actually the highest in our survey history, jumping nearly 20% in the last two years, so we wanted to find out just how much attention amazon is getting specifically. so when it comes to searching for products and prices among the most hard core ardent online shoppers, they are looking at amazon 71% of the time. but when you broaden that out to all online shoppers, not just the most prolific ones, more than half say they are searching amazon always or most of the time. that's a big jump of seven percentage points from just last year, but doesn't mean amazon always wins the sale of those who shop online or search it. 29% actually buy from amazon always or most of the time. 29% is still an impressive number, though. adobe says the average online conversion rate or getting a sale from a site vi

. >> all right, courtney reagan doing yeoman's work as an amazon warehouse here in manhattan.nk you. with just about 30 seconds left until noon, the dow down 50 points. the s&p down eight, losing quite a bit of steam here in the markets despite being so close to 20,000 earlier this the week. >> you were dealing with that while i was away. we may be dealing with it next week while so many are away. a quiet session so far and perhaps some of this worry about trade leaking into the overall market. >> david, thank you for joining us. that does it for us on "squawk alley." over to scott wapner and "the halftime report." >>> and welcome to "the halftime report." i'm scott wapner. the dow with its march to 20,000 this hour. we begin today with a special newsmaker interview. the billionaire investor just named as a special adviser to president-elect trump. carl, welcome back. it's nice to talk to you today. i think people had been speculating what, if any, role you would have within a trump administration. now we know it is going to be the special adviseon

courtney reagan has the numbers. court? >> numbers big on some pretty heavy volume here after hours. lululemon slightly stronger. komps also strong. total comparable sales up 7%. the street was looking for komps to come in a little over 5%. just the store comps at 4%, better than what the street had been looking for there, too, at 3.2%. however, a light revenue and ups guidance for the fourth quarter, and the ceo says the fourth quarter actually began with mixed sales results but have since improved. so not the greatest guidance th. this quarter was still pretty good. they were up about 5% during the trade today. >> wow, courtney, thank you. 60% higher on lululemon on light guidance? >> people are in a mood to believe. the stock has had a very within a tight range sawtooth pattern well above the highs of last year. still 15 or 16% of stocks are short, so you might have had people caught off guard there as well. >>. >> i have more than enough yoga pans. in all the encloses. >>> up next, two stock pickers tell us where you ca

our courtney reagan is live at queens center mall in elmhurst, new york. courtney, good morning.hat's the scene there? >> good morning, sara. that's right. today is the day where traditional retailers like this jc penney should begin to see traffic and sales pick up. citi says christmas falls on a weekend this year, like it did in 2011, so he's expecting the traffic and sales patterns to be similar. now remember, we often see a lull between thanksgiving and that final week of christmas. it's sort of a tradition, albeit an unwelcome one. now, from this npd chart which tracks point of sale data but just through december 10th you can see this lull. it's pretty clear and it's deeper than last year down 4% for those first six weeks. online shopping we know has been dominant. online has taken a bunch of it. 37% amazon sales according to slice intelligence. but with two days to go until christmas, hanukkah starts tomorrow, gift givers are out of time if they want to shop online unless they want to pay expedited shipping. so we talked to a couple last-minute shoppers. take a listen. >> t

courtney reagan is here with more on how retail has really, really changed in just several years. >> really changed. since the dow closed above 10,000, that was on october 14th, 2009, retailers work tremendously on what shoppers see and the inner workings. this has fueled the top retail stock to spend more than 1400%. you also have to be camera ready now that a selfie could be snapped at any minute and shared on social media. that's propelling ulta beauty. amazon changed the paradigm and continues to move that target. if you bought amazon on october 14th, 2009, when the dow was sitting at 10,000, you made 692% on that investment. the ath also leisure craze propelled three of the top ten stock rise. foot locker at number three, up 537%. lululemon, 429%. and that's weathering that see through pants problem in the harsh words hurled by its founder about some women's bodies. remember those? under armour shares, class a, up 242% since that october mark. and while it is not athleisure per se, cabela's shares have swelled 349% in that same time period. another thing that hasn't gone out of

. >> courtney reagan joins us now with a look at how the republican tax plan, if it's enacted, could fect retailers in the new year going forward. courtney? >> hi, bill. so trump's tariff rhetoric has gotten a lot of attention, but actually it's the house's ways and means committee a better way tax reform proposal that's actually scaring the pants off of clothing and shoe retailers. the plan was proposed over the summer but became more of a possibility under a gop-controlled congress and white house. there are three parts. first, a corporate tax rate of 20%. which certainly would be welcome. immediate depreciation expense. this would change how we do it now, which is over time. the third is the real zinger for retail. border adjustments for non-u.s. manufactured goods and 95% of clothing and shoes are manufactured overseas. under current law, gap, let's say that's the retailer we're looking at, buys a sweater for $80 from its manufacturer overseas. then it has an additional of $15 of other expenses associated with that sweater like shipping costs. a shopper will then pay $100 for that

our courtney reagan has more on what apparel companies in particular can expect here from any changesn the tax code, courtney. >> that's right, sara. so technology really changed a lot over the last several years for retail. going forward it could be fiscal policy, those. trump's tariff rhetoric has gotten a lot of attention but it's the house ways and means committee tax reform proposal that's scaring the pants off of clothing and shoe retailers. the plan was proposed over the summer about but became more of a possibility. so there are three parts to it. a corporate tax rate of 20%. that is certainly welcome since we often look at 35%. an immediate depreciation expense could also bow good. it's the third one that's the real zinger. border adjustments no non-u.s. manufactured goods. 95% of clothing and shoes are manufactured overseas that are sold here. so here's an example of how it would change if the plan were adopted as -is. let's say the gap buys a sweater from overseas. they have $15 in other expenses associated with that sweater. a shopper ultimately pays gap $100 for that swea

here's courtney reagan. >> retail was all about online shopping in 2016, and 2017 it may be all aboutrship and policy changes. here are three predictions for the new year. longtime macy's, starbucks, and df ceos have announced they're retiring in early next year and they won't be alone. as the piece of change in retail accelerates, look for more longer-term ceo seats to change as well with a combination of retirement announcements and upheavals. look for new ceos with more diverse experience to step in. >> retailers that source clothing and shoes from overseas may have to go back to the drawing board when it comes to their supply chain. if trump talk of major change on trade, tariff, and imports regulations are realized, it could increase costs and compressed profitability because passing on costs to consumers will be nearly impossible. while many are looking for inflation under a trump administration, you won't see it in the prices shoppers pay in the near term. for more than 30 years, prices consumers pay have been flat or lower compared to the year prior, even when cotton prices do

courtney reagan with this retail survey, average spending for the holiday $702 up 4% year on year. >>ast three weeks of the country i have yet to find another one other than restoration hardware say business hasn't picked up. in some cases dramatically. restoration hardware no, no increase. >> no, that did not go particularly well. >> no, it did not have a good last three weeks. but almost everybody else did. costco talking unbelievable. by the way, when with talk about broadcom, it's not necessarily that broadcom, that anything changed there in the last few weeks, but broadcom is a stock people are going to key on this morning, symbol avgo, sense of the stock market and where the rally could broaden to. i think it could happen. >> utilities, big piece in the journal today. i thought of you because you talked about trump being a president to bring more fossil fuels out of the ground. journal says it doesn't matter x moving on. >> one of the things the utility companies have had to do retro fit the 40-year plan build under the jimmy carter cole era, the question is whether the epa coul

we've got courtney reagan covering ulta results. aditi roy is all over work day's numbers.taking a victimly lap in yesterday today after reaching a deal with carrier to keep its factory in that state running. the agreement keeps more than 1,000 jobs in the u.s. but is keeping manufacturing jobs in the country truly good for the economy? we've got a debate on this for you coming up. we've got breaking news. let's go out to andrew. >> reporter: right now, howard schultz, the ceo and chairman of starbucks announcing plans to step down effective in april, april 3rd of 2017. wall street, some of this had been telegraphed to the market but others may look at this as a big surprise. kevin johnson, the company's current president and coo will become the ceo of the company after that. kevin johnson joining the company just two years ago but has been a board member of the company since 2009. he used to be the coo of juniper networks and prior to that worked for microsoft under steve ballmer. this of course big news for starbucks across the board and may raise speculation about what h

courtney reagan has that story live from mount juliet, tennessee, where i'm guessing this story has somethingh returns. >> it sure does, brian. how did you guess? all this merchandise you see here behind me is stuff that has been returned to a retailer, including home depot, b.j.'s wholesale and jet.com. what happens is they take this merchandise, using the technology, optimize the amount of money that retailers will get, lowering the losses they take for returned goods. about 8% of all goods are ultimately returned. it gets higher during the holiday season and then when you isolate e-commerce, it can swell to 30%. as online shopping grows, so does the amount of return merchandise. it is a big posturing. gardener research calls it a ticking time bomb because less than half of the products consumers return are resold at full price. after sitting in a back room for days or months, returned merchandise is often sold to a wholesaler or liquidator for a fraction of the price. it can also be sold at a lower price as open box merchandise. best buy is one retailer working on ways to recoup losses ass

it's scaring the retail sector, which is why retail reporter courtney reagan is here to try to explain this. >> i'm going to try to explain. >> you're going to do a great job. trump's tariff has gotten a lot of attention. a tax proposal that is scaring the pants off of clothing and shoe retailers. the plan was proposed over the summer but became more of a possibility under a gop-controlled congress and white house. three parts to it. corporate tax of 3% certainly would be welcome. immediate depreciation expense and the third is the zinger for retail. the border adjustments for nonu.s. manufactured goods. 90% of clothing and shoes is manufactured overseas. here's an example of how it would be adopted as is. the gap buys a sweater for $80 from a manufacturer overseas. gap has an additional $15 and other expenses associated with that sweater. a shopper ultimately pays $100 for the sweater. so, taxes calculated like this. $100 revenue, minus $80 cost of the good, minus the $15 in additional expenses associated with the sale equals a $5 profit. say gap pays a typical 35% corporate tax on $5

courtney reagan is still working on her list and joins us from an amazon warehouse in new york city. ourtney. >> reporter: hi, kayla nap is very true. stores have been the answer for somebody like me who waits. but amazon prime now offers two-hour delivery. that of course is if you live in one of the 30 cities where it's offered and you pay that $99 annual membership fee. so yesterday in new york city, i actually used amazon prime now to start to fulfill the list from a charity wish list i got. now, the selection is more limited than the full site but i was able to get almost everything from cook ware to tools. i placed the order just before 2:00 p.m. and we had a camera at the facility to catch the order being fulfilled which happened in eight minutes. now, the earliest free delivery window was 4:00 to 6:00 p.m. while i wrapped over gifts, the delivery person left the facility around 2:45 p.m. and jumped on the subway with our items and came to deliver them just about 3:10 p.m. so say 50 minutes earlier than the window and just about 90 minutes after i ordered. he scanned the items a

courtney reagan joins us with the pulse of last-minute shoppers. probably racing right now.ah. that's right. good morning to you, melissa. there's just two days left until christmas if you haven't paid attention to the calendar. while many americans have shopped online, pushing online sales up 11%, you're out of time if that's your plan now. unless you're ready to pay those expedited shipping fees. it's in-store retailers' turn. but shopper track says shopper traffic should be heavy today. could be the third busiest day of the season with the 26th actually forecast to be second busiest to black friday. now, a slice intelligence scan of 1.7 million online shopping receipts does show that amazon is dominating online sales. so far this season at least through december 16th with 37% market share. that's followed by best buy, but at a distant number two with 3.9% and then target, walmart, and macy's. most consulting groups are confident that total holiday sales will hit that forecasted range to grow between 3% and 4%. however, it will probably be at the expense of traditional ret

courtney reagan is here to tell us about consumers and how they're shopping this season. >> hi, andrewmight be trading in his reindeers for bulls this morning. i don't know. we'll see. americans planning to spend an average of $702. that's 4.4% more than last year. that's also above the growth rate for the forecast for the year. retailers can thank the men, middle class, and the middle aged for spending more. if you dig into the details, men say they'll spend 15% more than this year. than what they told us last year. but they're also fulfilling that stereotype of waiting. 37% of men say they haven't even started shopping yet. compare that to just over a quarter of women. then american with incomes between $50,000 and $75,000 plan on spending 28% more than last year. now, when it comes to where they're spending, we asked for their top two places to shop out of eight different types of stores. online, number one destination at 40%. not so surprising. but that is the highest in our survey history. slight uptick from the last two years where it was moving up higher. big box stores like wal