courtney reagan goes behind the scenes for us tonight in walto. >> reporter: it's the final push for retailers to get packages shipped in time for christmas. if you're one of the 40% of americans still shopping and squeaking in last-minute online orders, your package may be coming from one of these radial fulfillment centers. radial is a technology provider for hundreds of retailers and brands including levis and kate spade. it has 21 locations throughout the country. some orders placed on amazon.com are fulfilled by radial. amazon sellers can use radial's network to fulfill even prime eligible items instead of amazon's fulfillment options. this northern kentucky facility covers 1.3 million square feet, packing online orders for shoe carnival and others. the final hours for online ordering with delivery in time for christmas makes this one of radial's busiest weeks of the year. and every year the volume only gets heavier as more shopping ships online. this week, radial expects to ship more than 2 1/2 times the number of packages it shipped on record breaking cyber monday. watch the s

i'm dominic chu alongside courtney reagan. time for today's only trending story.ey and it's lucas films' "star wars: the last jedi" hitting theaters today the highly anticipated film was already fandango's top advanced ticket-seller of the year, beating out the previous record holder, which is "beauty and the beast. joining us now is nikki novak. she's a correspondent with fandango nikki novak, you've got to tell us if this is as big of a deal as i think it is or that many others do as well. >> okay, it sounds like you're a "star wars" fan. i'm taking that from your cue. it is absolutely the biggest deal of the year, that's for sure it is our biggest ticket-seller. actually, 90% of our ticket sales this morning went to "the last jedi," which is really no surprise at this point number one trending story on twitter. and breaking news, it's already made in thursday night previews about $45 million. that's what they're projecting it's already made. so, it's set it's set to be probably the biggest, the second biggest domestic opening of all time. >> second biggest dome

courtney reagan is at the mall in new york city with more on the last-minute rush to get the gifts underomorrow, a big one. calm it the second busiest shopping day of the year. i suspect i'll be involve ared in this, because we've missed the deadline generally speaking for shipping. right? that's the issue. >> yes. exactly right. the last saturday before christmas is always a really big one. this year, it might be even more important because of christmas deadlines with christmas falling on a monday. u.p.s. and fedex ending arrival before christmas, stopped about ten days ago. you want to hit the stores. 126 million americans, in fact, are expected to shop on super saturday. that's tomorrow. believe it or not, that's about half of the country. and it's not really even a record. last year more than that hit the stores on super saturday. and that's and that's because a lot of shopping got done earlier this season. you probably remember all those early black friday sales in november. it worked. it pulled a lot of sales forward. but actually it's been a pretty strong season. first data, just

i back to the markets somehow. 361 days to go of shopping until next christmas here's cnbc's courtney reaganh your 2018 retail playbook h him. >> reporter: 2017 was a rough year with a number of retail bankruptcies topping highs, thousands of store closures, falling sales the norm for many. 2018 may not be worse, but it will be different. mall mna, more stores will close the weakest malls will shudder no one thinks physical retail will entirely disappear. in the age of amazon, only the strongest will survive t. mall may find strength through consolidation. amazon buys another retailer within they bought whole foods, the price of the stock went up to cover the costs of the deal while the full extent of the takeover hasn't been seen yet. they see the value it could buy another well known name, possibly one that lowers consumers. kayley cosmetics gets bought she has a makeup brand with sales and dedicated following that established cosmetic companies could only dream of. as the selfie culture ranges, wall for esee the lauder or l'oreal to clamor before the valuiation gets too high. >> cnbc cour

. >> it is >> i'm wilfred frost >> i'm courtney reagan in for sara eisen i've been celebrating for a uple weeks now >> you were celebrating thanksgiving initially >> it's a blend. >> courtney does do the best internal decorations her desk is epic >> it's pretty good. >> i may have to sit at it later and take a picture and say it's mine you can claim the credit and move on. >> let's check the markets we did mention at the top of the hour that futures are pointing to a lower open after another record day on wall street. you can see the dow jones is positioned to open lower by 19 points if it were to open now, we know we have 4 1/2 hours to go. s&p 500 and nasdaq pointing to a lower open we got this delay in the senate tax reform bill passing late yesterday. as we look at what's going on with the ten-year note, yesterday the yield moved higher we saw the five-year hit the highest since 20 11. the two-year the highest since 2008 the yield on the ten-year ticked low lower. 2.385% at this point >>> we're following a major development out of capitol hill. the senate delaying a vote on tax re

. >> i'm courtney reagan in for sara eisen >> great to have you with us let's get straight to the marketsextraordinary seesaw session yesterday. the dow up 300 points at one stage in the morning, around about midday lunch time, started selling off, such that the dow ended off 58 points or 0.25% those intraday swings were similar across each of the indices. the s&p ending lower the nasdaq ending down 1%. definitely the same theme throughout the day whether we were at the peaks or troughs that's the selling of things like tech and buying of things that could benefit from a lower corporate tax rate like financials this morning you can see a similar theme once again the dow is higher. the s&p is fractionally higher but the nasdaq is lower. the dow up 8 4 points. ten-year treasury note did rise over the weekend to cross above 2.4%, but slipped a bit yesterday. it is below that level still today, 2.38% on the ten-year. >>> look at what's going on arou around the globe ahsia is mixed but mostly lower. the south korean kospi is higher by a third of a per sen. the hang seng is down by more than a

i'm courtney reagan. bitcoin lower on its first day of trading just below 17,000 keep that in mind.atching their futures over the weekend jeff kilburg what are the biggest risks? a lot of mania what do we watch out for >> the risk in bitcoin, the overseas exchanges is where we get excited in chicago about the bitcoin future's launch this sunday if you think about it, that future exposure, certainly it has volatility components. you have to understand the size of the contract. this is a five-point contract. the big boys i call it here and understand volatility and trade yorn platform understanding longer, short, limit orders, stops newspaper aun nuances. bitcoin future is vastly different versus the bitcoin that has been hacked and stolen out of overseas accounts. >> makes sense sure a future. not actually owning the bitcoin itself jim iuorio, are you eyeing key levels in bitcoin futures? >> i am. i think products like this that are relatively new being traded, sometimes chart better than ones trading a long time due to being less algorithm looks like trading from san diego to -- has

courtney reagan has our story. >>> catalogs may seem outdated, but you again you may see the surge this time of year. retailers are getting better. catalogs are good at piquing interest. that combination could lead to more sales, which is why the push to send them spikes during the holidays than other big spending events like moving or having children. liken it it to deliver inspiration tosh. >> delivering the whole story to someone's doorstep -- >> but if done right, sfwlz an average return 6 $3, and $9 for every dollar s for marketing sp effectiveness. ev those companies that started out purely online are turning to more traditional . thanks to eh commerce-only companies that started off -- find publishing a catalog gets them known, trusted, allows them to get new product offeringings out that -- and it's not just youths grandmother ordering, 38% of mill lennians and genxers say a catalog has driven them to show up. >> mill len uses are very engaged by imagery, the catalog allows that to stand out. >> total cat -- is about half its peak, and it could be the price of postage, making up

courtney reagan caught up with last minute shoppers at the queens center mall in. >> reporter: if you haven't chd off your christmas list yet, you are far from alone. >> i just started, because i work all the time, so today is my first day of shopping, i'm not even close to being done. i'm stressed. >> none of it's done. we're just getting started and i have two days to finish it. >> reporter: half of u.s. consumers are expected to hit the stores in the final hours before christmas. last year consumers took advantage of deals starting early in november. >> my holiday shopping has been pretty okay, except for those few hard last minute people. here i am. >> i come to the mall at the last minute, the prices go up and you have to spend a lot more money. >> reporter: tomorro expected to be the second busiest day of the year for stores. so far today, at the queens center mall, traffic has been picking up as the hours have worn on. tomorrow, the is opening at 8:00 a.m. and stores are staying open for 35 straight hours. the last saturday before christmas is always critical. nicknamed super s

courtney reagan, where else? she's in a mall this time in queens, new york, with more on how the retailers are faring this holiday season. morgan brennan with is us here at the new york stock exchange looking at how the transportation industry has been handling the shipping rush and has one big retailer reportedly looks to buy a logistics company. so, morgan's got plenty to tell us about, but first, courtney, start us off here. >> reporter: yeah, your favorite mall rat, right, got to come to me first two days before christmas. the traffic here at this mall has really been picking up throughout the day just wait until tomorrow they call it supersaturday for a reason 126 million americans are expected to hit the stores tomorrow that would make tomorrow the second busiest shopping day of the year and believe it or not, that's actually down from last year because there was so much early selling going on in november but, of course, far from everyone is done >> i just started because i work all the time so today's my f

merry christmas. >> courtney reagan tomorrow >> wow, could not pay me to go to the mall. >> lets bringanalyst charlie. according to things are looking better stocks have soared have the credit profiles and the balance sheet risk, also improved or just an equity store? >> i think the balance sheet are better fundamentally the industry is stronger and i think what you are seeing is a recognition by the recognition by the equity market that amazon is not going to take over the world and a lot of the brick and mortar retailers are investing. it takes a lot of money. these retailers have been making these investments over the last few years and now they are starting to bear for it. >>> what happened? six months ago, all retailers are gone what happened in the last, you know, 90 to 120 days that changed so much. >> that's a good question. what may have happened is walmart really started to hit its dry and the market starts to recognize that that could be a case of rising tides and best buy has had a resurgence over the last several years. you are seeing a lot of power in brick and mortar peo

. >> we're going to start the hour with breaking news on target for that we'll go to courtney reagank at hq. hi, court. >> the same big delivery wars rage on. target buying personal shopping and delivery platform shipt for 550 million. target says delivery option for shoppers will begin in early 2018 it pulls inventory from stores to deliver same day. by summer it will be available in half of its 1800 stores to start, though, it's going to be done through the shipt app and network of personal shoppers personal shoppers are in direct communication with the consumer that places the order for questions and timing updates at least to start, get this, you will need a shipt membership $99 per year for unlimited deliveries on the platform from target and other retailers like costco and kroger. target says its working on how it might eventually be integrated into its website and app and what that cost would be for shoppers for same day delivery it is a unique deal. shipt will be wholly-owned subsidiary of target but still operate fairly independently continuing with other retail partnerships

courtney reagan will join us from a new york mall with a snapshot from the ground courtney, what do youip facility, then talking same day, now you're running out of time, if you have things you have to check off your list, you have to go to the mall i'll tell you what to expect this weekend it's going to be a busy one. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. it's a like, a dagger?a worm! a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a wa

lululemon earnings are out as well to courtney reagan with those results. >> hi there, so for the third they bea zar: one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. hithat he wouldn't be able tond retire until he was 68. the client realized, "i need to get back into the markets- . . he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor. wifiso if you can't live without it...t it. why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. >>> wow. that's mean supply going to send a message. that he'll -- he's sentenced for seven years. thanks very much we have breaking news on disney in the last hour if the deal to buy fox assets goes through a source

eu affairs >>> with four days to go until christmas, the race is on to deliver all the orders courtney reagan has this report from a company at the center of the storm. >> it's the final push for retailers to get packages shipped in time for christmas. if you're one of the 40% of americans still shopping and squeaking in last-mignon line orders, your packages may be coming from one of these radial fulfillment centers. radial is a distribution provider for hundreds of brands. it is the second largest fulfillment center in the country. some orders are fulfilled by radial from amazon.com radial can fill prime eligible options instead of amazon's fulfillment options. this facility covers 1.3 million square feet, packing orders for air shoe carnival and others this is one of radial's busiest weeks of the year. every year the volume gets heavier as more shopping shifts online this week radial expects to shift more than two and a half times of packages than on a record breaking cybermonday. if you're checking off your shopping list online, watch the shipping details carefully >> this year was unique

courtney reagan reports on the last-minute buying online and in stores. >> reporter: the national retailederation says 60% of americans are done with holiday shopping so 4 in 10 are not if you're one of them, you're running out of options for delivery in time for christmas ground or even expeditexpedited. don't worry there are options for you. i'm here at amazon's prime now hub in new york city so employees here are actually pulling orders from the shelves and they'll be out for delivery in one to two hours. in new york city that's done by foot, by train or by bike. it's available to you if you live in 30 or more pretty densely populated cities in the united states. there's more than 25,000 or so household items in a prime now hub. based on research, the top categories are grocery, household goods, personal essentials to maybe not your top gifting categories, but there are some gifts here google express also delivers same day or next day that's free. you don't need a membership as long as you hit that men mum threshold for retailers. also not all retailers are available in all cities. th

we have an earnings alert on verifone let's get to courtney reagan with those results >> verifone's earningsith 44 cents adjusted compared to analyst expectations at 43 cents. however, when you look at their guidance for both the first quarter and fiscal 2018 for earnings and revenue, that disappointed compared to what the street was expecting so you see shares down more than 6% here in the after-hours and also just an interesting note yesterday verifone sold its taxi business for $30 million in cash they're going to use that plus extra cash to complete a stock buyback program and also authorizing an additional $100 million in stock repurchase program. kelly, back over to you. >> all right interesting shift in capital allocati allocation shares there down 6% thank you. >>> bitcoin has had an amazing run this year. chamal said it's heading to a million bucks over the next 20 years per coin and also druckenmiller will give us his thoughts on powell still to come on "the closing bell." so i've asked chase sapphire reserve cardmembers to find my next vacation. chile, what's going on? i'm at the

our courtney reagan is live at a shipping facility in kentucky to show us how it's all going down.etailers to ship and consumers to shop. the pressure is on i feel it, the clock is ticking. we're about six days until christmas. if you're ordering online and you haven't done so yet, chances are your package might be coming from a radio fulfillment sister like this one. it's a provider that works with hundreds of brands and retailer like adidas, niemaeiman marcus, many more. there are 21 radial fulfillment centers in the country, and that puts it second largest behind amazon in terms of fulfillment center footprint in the u.s. but interestingly, it also does offer amazon sellers the opportunity to be prime certified, just leveraging radial fulfillment center network. the final hours for loirn shoppers to get gifts ordered in time for christmas makes this one of the busiest weeks of the year here at radial. they expect to ship 2.7 times the volume that is shipped on cyber monday, and we know what a record day that was for almost every retailer across the board. the facility here cover

courtney reagan will bring us stitch fix's first earnings report as a public company josh lipton resultsmicron. deirdre bosa will bring us numbers from red hat thank you, everybody we'll see you in a couple minutes as they start to cross joining me on the panel today, cnbc senior markets commentator michael santoli along with mark spillman, co-portfolio manager and alpine funds kevin o'leary, chairman of o-shares etfs. bigger winner in the dow is intel, up nicely a couple sessions now, while the biggest loser today was goldman sachs. over in the s&p the biggest winner was darden after its earnings this morning. the biggest loser, ppl, along with real estate companies real estate the worst sector today. in d.c., tax reform passed through the house earlier this afternoon. and it's set for a vote in the senate later tonight raising the question, michael, of is this a sell the news type of event >> i can hear you, can you hear me >> dramatic enough, to characterize as a sell on the news obviously you retain most of yesterday's upside market's up modestly in december which i think is basicall

costco, courtney reagan, how do they look? is. >> hi there, bill.tco's first-quarter results. earnings per share beating by 2 cents coming in at $1.36 adjusted revenues also coming in better than expected at $31.81 billion. remember, we get the revenues and comp sales still monthly from costco, so all in for the first quarter. those comp sales were 10.5% higher than what we saw the year before so very impressive number there. and then the e-commerce comp sales for the first quarter for costco, up 43.5% they've been working on that strategy and seems to be picking up some steam. bill, back over to you >> all right, thank you. those e-commerce numbers, walmart does the same thing, target does the same thing it's easy when you're working with small numbers to begin with. >> yeah, but they did a 10-5 comp, the total company. who's going a 10-5 comp? >> right, right? >> so a revenue beat, a comp in line -- that's kind of the -- the number was 10-5. that's an outstanding e-commerce number i want to see kind of the membership fees and i want to see the sub

exchange" begins right now ♪ >>> good morning, and welcome to "worldwide exchange" on cnbc i'm courtney reaganfor sara eisen. >> and i'm dominic chu

courtney reagan has the outlook for 2018 >> 2017 was a rough year for retail with a number of retailuptcy topping 2008 highs, thousands of store closure, and falling sales, the norm for many with the holiday season showing signs of life, 2018 may not be worse but it will be different mall m & a no one thinking retail will entirely disappear in the age of amazon, only the strongest survive meaning malls may find strength through consolidation. amazon buys another retailer buying whole foods, stock went up to cover the costs of the deal the full extent of the takeover isn't seen yet, seeing the benefit, it could target one in consumers. and the youngest member of the kardashian jenner family, has a following that established cosmetic companies could only dream of cosmetics are the rage watch for es stay lauder or l'oreal to clamor for kylie before the collaboration gets too high. >> retail picks? top for 2018 >> a heck of a run back up to 60 inflection point, turn in sales. a lot of people incorrectly identified slowing mall traffic, corollating why this franchise was seeing a lower st

courtney reagan has more >> reporter: shares are down sharply after hours, but they're up 63% since goingublic. shares are down 11%. revaluing of preferred stock options is making up most of the earnings that were reported. the revenue changed only slightly, up a little bit from the guidance that stitchfix gave investors in es1 which was six weeks ago. we should note that revenue is up 25% in a year stitchfix also has 2.4 million active clients that's up 30% over last year again, though, stitchfix told us that earlier this fall so we didn't get any new information there. then when it comes to guidance, revenue guidance for the second quarter is above analysts' estimates. full year revenue is above consensus. the gross margin will decline near term as it invests in new categories but growth is continuing with men's and plus consumers categories shrinkage also hit gross margins. shrinkage is the cost of inventory that can't be sold founder katrina lake is working on different strategies to improve that she'll be on tomorrow morning at 11:00 a.m. so we'll ask her about that the call is ongoi

be a huge talking point leading to more awareness on the flat nick curve and what it may mean courtney reagan thank you very much, rick santelli, appreciate it. always a good lesson from you. as we head to break, don't miss hedge fund manager stanley interest druckenmiller more "squawk alley" back after this [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. talking point leading to more this >>> spacex is on the verge of making aerospace history they had to scrap a launch today, but tomorrow they plan to send a reusable rocket into space. morgan brennan joins us from cape canaveral hey, morgan. >> reporter: hey, jon, that's right. spacex is hoping to make history here on florida's space coast by launching a recycled rocket for nasa, but it's going

live ♪ ♪ good monday morning, welcome to "squawk alley," i'm carl quintanilla with john fortt, courtney reaganwith us for the hour lucky to have her on a busy market day dow up 238, s&p up almost 12 off the highs of the morning, but, obviously, on the heels of tax reform optimism. house and senate working to get something to the president's desk before the end of the year. a number of dow components hit all-time highs today home depot, mcdonald's, jpmorgan, and 3m that's just a sampling john leibovitz joins us. guys, happy monday not exactly sell on the news >> not exactly i think a lot of expectations was it was going to be a buy the rumor, sell the news i think part of it might be we didn't get the plan until late friday night, early saturday morning, but that said, based on the rotation we saw within the market away from large, towards mid and small, away from growth towards value, it's been a pleasant surprise things have continued to move today the way that they have >> david, would you advise investors this is a smart place to get in, or are valuations a little heated right now? we're in

very much we're coming to the final countdown now, just about two days to go until christmas courtney reaganqueens, hey, courtney. >> that's right, hi, mike. actually, the stores have only been open for a couple hours, but the traffic is picking up. i don't know how much you can see in this shot behind me, but it's going to be nothing compared to what you're going to see on saturday when almost 126 million americans are expected to hit the stores. that's about half of the u.s believe it or not, it's down from last year because so much shopping got done earlier in the season, but certainly not all of it we caught up with more than one procrastinator take a listen. >> i just started, because i work all the time, so today's my first day of shopping and i'm not close to being done. i'm stressed i refuse to do it on christmas eve. i'm going to try to get as much done today, tomorrow morning, and that's it. >> so, she may have just started, but others have certainly been shopping. first data has new transactional data that shows sales on stores and online combined up 6.6% november 1st to december

courtney reagan joins us live from one of those centers.eally you went to walton, kentucky for this, just south of cincinnati i think a trip home might have factored into it >> i'm coming all the way back to new york first. we have a lot of work to do before we think about getting to christmas. we're close to cincinnati here and walton, kentucky when you think about it, your shipping times are getting close if you want to order online in time for christmas if you are, and you're not ordering from amazon.com, chances are you could be getting a gift fulfilled from one of these radial fulfillment centers. this is second behind amazon when it comes to the footprint 21 fulfillment centers in the country. yad r radialgistics for hundreds of brands this facility covers 1.3 million square feet. here they are covering air aeroposta aeropostale, world market, shoe carnival and others. we know how big cybermonday was for retailers across the country, if you still need to order online, watch the shipping deadlines. in many cases, standard shipping opti

it's the final countdown christmas just two days away malls bracing for last-minute shoppers courtney reaganthe queens mall >> a lot of people here already, but just wait because tomorrow is really the big day. especially with christmas falling on a monday. stores becoming even bigger part of the equation. shopper track expects tomorrow, which is dubbed super saturday, will be the second busiest day of the season for stores behind black friday they expect 126 million americans to hit the stores. that is half of the country. and believe it or not, that's actually down from last year because so much shopping was done early in the season with the early black friday sales both online and in stores. and you can see the strength in the spending with some fresh data we got from first data. this is based on actual point of sale transactions. look at the categories overall, 6.6% growth from november 1st to december 18th, with electronics higher by 12% building materials up by 8%. specialty retail up almost 8%. that's something we should pay attention to home, home furnishing has been strong paper jef

. >> i am courtney reagan joining us at the second hour.e to be here with the team stocks on the back of the labor job. microsoft and united health and boeing leading the dow the nasdaq is the biggest gainer today. a third in a row after being down three days in a row utilities and consumer staples are lagging. does that mean a touch, the bill will be passed next week ylan mui is joining us >> it is impossible for the white house to get it done gary cohn told us that those lawmakers taxed of the final version of the bill is working through the weekend and he's expecting an enormous amount of progress by monday. one issue is not settled is the estate tax many people signing a letter demanding to get rid of it the state and local tax deduction is up in the air, gary cohn said this morning, they're trying to find the great compromise >> i heard the state level tax deduction of many, many times. we are concerned about that. i was on a phone call this morning, we were talking about the issues and what potential fixes are. there are 70 members of

courtney reagan live at an amazon prime hub in new york city with more on those complications. >> reporteright. christmas is on a monday that means christmas eve is on a sunday so shipping times are even shorter yesterday we were at a shipping facility in kentucky on the last day for ground you're out of luck if your one order online is standard don't worry, there are retail solutions. we're here at amazon's prime now hub in new york city and the employees are packing orders, getting them ready for delivery in new york city which often happens by foot, by bike or even by subway. amazon prime is available in about 30 densely populated u.s. cities, about 25,000 commonly ordered items are stocked on what look like library shelves as opposed to an automated warehouse. it's estimated that 5% of amazon prime households use prime regularly every month. grocery, personal care and household items are the most often ordered. i understand paper towels, according to amazon, the most popular item that may not exactly fit your gifting needs. a scan of e-mail receipts done by slice intelligence shows tha

the federal reserve understands the impact of technology we had a story ten minutes ago with courtney reagan prime, everything seems to be deflationary in our actual lives with the exception of healthcare and college costs. >> i figure it was steve who wanted to answer >> brian, if you look at the long run outlook ending up at 2.8%, i think that speaks to a world and -- by the way, the language also says we'll end up in a place that's lower than normal, they know that the world has changed when it comes to the demand and the price for money which is a direct outgrowth of technological change you also hear them talk about it and you heard janet yellen and other members about how technology has changed the macro outlook. i think they're aware of that and i think you're right to think about just how profound it may be for how the macro economy works relative to it >> steve thshgs , this is scott. do you think that the fact that they're acknowledging the structural changes in the economy that could be alluding to structurally lower inflation means that the terminal rate at the end of this cycle

courtney reagan joins us with exclusive results from our cnbc all america survey >> cnbc all americasurvey has tracked dramatic shifts in consumer spending, both over the course of our survey and year over year. this year, it crowns one retailer king. when it comes to how americans are doing, most of all of their holiday shopping, online is the preferred method again far over here at 45%, far above the second favorite category, big box stores that's like walmart or best buy. and 2016, online was the top choice for the first time in our survey but it's grown by 5% this year, and look at the pattern since we first asked this or since we asked it rather a decade ago it's doubled since then. pretty remarkable. when it comes to which websites americans shop online, even when you let them give you two choices, there is one far and away winner. look at this 76% of americans say they do most or all of their shopping on amazon.com number two isn't even close with just 8% of americans choosing walmart.com for that option. and what's more, over the last three years, americans are both searching

. >> courtney reagan. >>> from bitcoin's massive run to a record-breaking sum for leonardo painting,ts offering big returns. we're going to take a look at whether wine will join those ranks coming up. >>> right now, the house is voting on a bill to avoid a government shutdown. as soon as we get the results, we'll bring you that voting tally. tell you what happens there. >>> coming up on "fast money" more companies are cashing in on the crypto craze as we were talking about. where are the regulators former chairman of the s.e.c., harvey pitt, will bon e on to discuss whether a bigger crackdown may be ahead (news anchor 2) all lanes on highway 50 remain closed at this hour. (news anchor 3) the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts, over the course of the week, to about 10 pounds of carbon dioxide. growth is good, but when it starts impacting our quality of air

more exclusive results from the all america economic survey with insight on the retail world courtney reaganns us now with more. are these new results? >> new results does that mean liesman is coming on today >> steve had a little yesterday. a little more today. >> yeah. a big survey a lot to talk about. >> these are not athletes. these are not all-americans? >> these are not all american athletes perhaps athletes within the survey >> you know, a lot of people go to athletes, they talk about -- do you know who ben bernanke is. >> those are funny >> they are. >> this is not the same? >> this is not funny so cnbc's all america economic survey tracks dramatic shifts in consumer spending both over the longevity of the survey and year to year. how are americans doing most of hair holiday shopping? online took the lead for the first time last year tops the list again this year at 45%. that's more than double the number that answered that question a decade ago. 5% higher than last year at the same time, big box stores like walmart and best buy come in second. online's gain is that group's loss over

courtney, thank you. republicans have passed the biggest overhaul of the u.s.. tax code since reaganas in the white house. gop celebrated the bill with the speech at the white house. trump: we are going to bring at least $4 trillion back into this country. money that was frozen all over the world, and some of them do not even like us. they will have the money long. all that is left now is the president's signature. joining us is laura davidson. she's joining us from d.c.. laura, what are we expecting to be signed by the president? laura: the president says he wants it signed, but they are working out something. lawmakers are concerned about whether or not needs to be pushed into 2018. they are dealing with technical budget issues. there could be a bit of a delay, but it would not delay the bill or anything. involved finalf issue resolution. it will certainly happen in the next couple of weeks. yvonne: in light of that celebration of the white lawn, most republicans standing behind the president as he made that celebratory speech. her pelicans that this legislation would increase job