here's emilie ikeda. >> reporter: lotto fever is at an all-time high. >> this is the largest jackpothistory. >> reporter: with an estimated $1.9 billion up for grabs tonight, americans nationwide are testing their luck. >> probably buy an island for the family. >> reporter: so just how much luck do you need? enough to be that one in 292 million. >> you've got to be in it to win it. >> reporter: on a daily basis new jersey typically sees about half a million dollars in powerball ticket sales. but with a jaw-dropping jackpot on the line players are buying 16 times that. it's an excitement experts say engineered by lottery organizers, who are making jackpots easier to grow and harder to win by increasing number combinations in recent years. >> so they want really long odds on the jackpot so that we get occasional billion-dollar jackpots. >> it felt like a dream that i couldn't wake up from. >> reporter: timothy schultz knows more than anyone that it only takes one ticket to win. he scored $28 million in 1999. >> first thing you should do is secure the ticket. the next thing you want to

we're changing the menu weekly, which is something we used to do annually. >> emilie ikeda with thatet's bring in cnbc global markets reporter seema amo di. what more can you add to emily's reports in terms of inflation? what could get in the way of it continuing to go down? >> well, mika, first of all, markets enthusiastically embracing the cpi report. it showed inflation is slowing, still high, but lower than last month. that's a hopeful sign that prices have peaked and the federal reserve may not have to raise rates as aggressively to get to that 2% target. the question is if prices continue to moderate from here. economists and investors we've been speaking to seem to be split on this idea. activist investor carl icahn joined us yesterday. he still thinks inflation is stubbornly high. but jeremy siegel says inflation is over and done, we've tackled it, enjoy. the key metric to watch of course will be interest rates. will they continue to move lower. we did break below 4% for the 10-year yield. >> there has been in recent months almost a consensus that there will be a recession of

. >> joining us this morning, emilie ikeda. great seeing you.esperately to see her in concert? >> isn't this the question on everyone's minds right now. taylor swift, she has not publicly commented on the ticket fiasco. there's no telling what she will do. she's expanded her tour and so many fans are hoping she will do the same again. the general sale has been canceled. it's supposed to be happening right now. it appears the only option is relying on the secondary market and buyer beware. asking prices exceed $10,000. ticketmaster is saying they saw bots. and so this whole thing, it has reignited the debate over ticketmaster and its so-called strangle hold over the concert industry. a lot of lawmakers pointing to the merger with live nation more than a decade ago and it's not the first time ticketmaster has faced heat in recent months. we're seeing this massive return to live events since the pandemic is fading. concert tickets up 37%. and really a lot of lawmakers are taking aim at dynamic pricing which is essentially basis prices on consumer d

tired, but very blessed. >> reporter: for "today," emilie ikeda, nbc news. >> amazing story, right? i team. olivia says it's been her goal since she was in eighth grade. the brown university freshman played for team usa this summer. her coach surprised her during a team meeting at brown when he told her she had made the cut. >> olivia, thanks for joining us for the fall and officially for the spring [ cheers and applause >> wow >> okay. so about 20 women made varsity college baseball rosters in the united states, but never before at this highest level. olivia says she is grateful to all of those women for paving the way for her. >> a great story. >> congrats. >>> just ahead here, inside the really stunning fall from grace for reality tv power couple the chrisleys. >>> but first, the comedy duo you never knew you needed. jerry and jenna. we c can't wait t to share t thn catch-h-up over cocoffee aftere. the first-t-ever all-elecectric chevyvy blazer. 0 toto 60 in undnder 4 secono. and d up to 320 0 miles of r e onon a full chcharge. evevs for everyone, evererywhe. chevevrolet. (v(vo)

joining us from elizabeth, new jersey, correspondent emilie ikeda. what are you seeing?oks busy as far as i can tell behind you. >> reporter: it is busy and getting busier by the hour. this place is buzzing with excitement with the resurgence of foot traffic. nearly 1 in 3 shoppers plan to do the holiday shopping in person. the lines out the front door so there's an increased level of excitement on this black friday and the retailers are paying attention rolling out the red carpet if you will for customers with an emphasis on the in-store experience with customer service and displays to allow them to try if you buy -- before you buy, if you will. we talked to customers what is luring them to stores here evenality an early hour. >> i look to come to the store to touch the clothes. i don't know. i can buy video games online but other stuff i need to see the product because online stuff can be deceiving. >> reporter: while still strong retail sales are expected to grow at a slower pace. slowed down by inflation. the importance of stretching the dollar as far as possible. fi

. >> emily ikeda, thank you very much. we will bring you at that press conference live the moment it happens. now we turn to capitol hill where it's the end of an era that will usher in a new generation of leadership. after two decades as -- after two decades as house democratic leader speaker nancy pelosi announced she was stepping down from that role. among her many legislative successes, passage of the most significant health reform legislation since president johnson's great society, the affordable care act. without a single republican vote to. pelosi didn't do it all alone. by her side, majority leader -- majority whip james liber. they to announce they were stepping down from their current leadership role. they, too, have a legacies that have impacted our lives. and both leader holier and with claver are here. we begin with house majority whip james climber. -- think welcome back to the sunday show. >> thank you very much for having me back. >> whip claiborne, why is now the right time to step away from your leadersh

nbc -- sorry, nbc's emily ikeda, thank you very much, appreciate it. l developing, the next press conference, as emily mentioned is expected at 10 am eastern, msnbc will bring that to you as it happens. there is a lot of controversy after the early leak of the supreme court's decision to overturn roe v. wade, but a major new report from the new york times says that was not the only major decision to be leaked ahead of time. i will explain it all, coming up on velshi. up on velshi you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. my most important kitchen tool? my brain. so i choose neuriva plus. unlike so

joining us now is emilie ikeda. good morning. what are you seeing today? >> reporter: good morning to you. this place is absolutely buzzing with excitement. you see this behind me. this is a line on black friday. something we haven't seen a lot of in the past few years during the pandemic. but folks are starting to return to their prepandemic shopping habits. and one of the things that i absolutely love here jose, they've got people -- people have their luggage, they have shopping carts to fill up as much as possible. people are taking their deals seriously. they're in search of the best bargains as inflation shortens their holiday gift lists. >> reporter: the biggest shopping event of the year is finally here and families are anticipated to take advantage of the deep discounts in record fashion. a whopping 166 million shoppers to fill their baskets this weekend. >> looks like there's going to be some good sales. >> but there could be hiccups for one of the biggest black friday players. some amazon workers are expected to go on strike today around the worl

let's begin with nbc's emilie ikeda, at the new j■jersey gard mall in elizabeth, new jersey.ow are crowds looking there today? >> reporter: the dash for deals is underway and you can see it playing out behind me. there are lines waiting to get into the store crisscrossing this mall. some folks are using suitcases and cards to carry around their purchases. i have seen folks sitting on the floor. it's a crowded madness. nearly one in three shoppers anticipated to check off the wish list, the gift list throughout the holiday season in person. mostly in person, and retailers are there who are paying attention, putting renewed emphasis on the in-store experience, whether that be improved customer service or rolling out new displays that allow for try before you buy.

nbc's emilie ikeda has more. >> reporter: from crowded roadways to runways, testing some 55,000 travelers nationwide a stunning backup seen in nevada, and not much relief for those flying how early are you getting here in advance of your flight? >> three hours >> reporter: lines snaked through airports in austin, orlando, oakland, and philadelphia as staffers tried to keep the mood merry more than 2.5 million passengers anticipated to take flight on what could be the busiest travel day of the year. while an improvement from the summer's airport armageddon, several thousand flights were

emilie ikeda, thank you. >> let's welcome matthew shea.

the dow was up over 1200 points, while the nasdaq soared over 7% higher emily ikeda has more >> reporter: while prices remain painful for many american families, early signs inflation may have finally peaked. year-over-year it dipped in october for the first time since february it's welcome news for investors who sent markets soaring on hopes the fed will slow its pace of interest rate hikes >> the markets thought they saw a big green light to go buy stocks they love this report coming in lower than expected. >> reporter: president biden also bull, saying the numbers are proof his plan is working. >> main stream economiers are saying this is a sign of the economic recovery. >> reporter: but it's still well above the fed's desired rate of 2% is today enough to change the fed's thinking >> it's not enough to change the fed's thinking what it is enough to do is start a countdown. >> reporter: with thanksgiving exactly two weeks away, holiday budgets are still stretched thint thin by the essentials it's the largest increase in four decades with one in three americans cutting back on holiday

emilie ikeda has details. >> reporter: while prices remain painful for many american families, tonight early signs sky high inflation may have finally peaked. year over year price growth dipped below 8% in october for the first time since february coming in slightly below expectations. it's welcome news for investors who sent markets soaring today on hopes the fed will slow its pace of interest rate hikes. >> the markets thought they saw a big green light to go buy stocks. they love this report coming in lower than expected. >> reporter: president biden today also bullish saying today's numbers are proof his plan is working. >> mainstream economists are saying this is a really positive sign of the resilience of the economic recovery. >> reporter: but inflation is still well above the fed's target rate of 2%. is today's report enough to change the fed's thinking? >>t's not enough to change the fed's thinking. what it is enough to do is to start a countdown, and the fed wants to see several months of declining inflation before it limits its rate hikes. >> reporter: with thanksgiving exac