bricklin dwyer is chief economist at mastercard. saying when do i get to talk after turkish lira and jp morgan sanctions. let's talk about the holiday season. talk to us about the economic analysis of our transaction. bring over your remit at mastercard to the new digital world. >> thanks for having me. just to bring that home, what we try to do with the economics institute is to come up with unique economic measurements of what is happening in the world. i am focused on those underlying trends to make the unique twist and capture the secular twist as opposed to the specific number. tom: do you have confidence that online, and obviously amazon is dominant, you have confidence people like you can count the impact and rate of change of digital? bricklin: it a great question. what we have done to make sure we have a good idea what is happening online and how to calculate that as we have partnered with the imf and friends at harvard and a forthcoming paper. where we look at that shift to digital and how permanent it is in different sect

and visa by the way, mastercard and visa are flat year-to-date.ut to bono wynn's point, axp, american stress up 35% buy now and pay later takes a chunk out of debit but not so much credit. so i think that is what we're seeing during the whole year and axp was not hit, it was up 4% in the last month as well so i would be positioned, i think you're getting a discount in affirm and buy that going into january, i think that one will perform and i think axp will continue to outperform and then if you get that corporate travel, eventually that has got to come back american express is the corporate card of corporations i think that is the one you want to stay invested in. >> when things picked up, they went down again. guy, where would you be? >> i don't know if it qualifies as fin tech, but i think paypal here is too cheap. i think it is building a base around the 185 level if you go back and look this is where we took off from in the fall of '20. but i think sofi, they've gone from 14 to 25 and here we are at 14 again and i think this is too cheap. one

>> yes, particularly for the networks, visa and mastercard, because what is mixed into this now is aion, but i would say a lot of that is over done there's not a lot new there. actually, these stocks should perform very well once we finally see this sort of lagging recovery in cross border eventually borders will reopen and people will travel for example, for both names we expect revenue growth to be as high as 20% for the next couple of years as they're making up that the other one, yeah, is -- which where i say there's a buying opportunity, a square or a block -- i'm sorry, block. where a lot of the recent weakness that you highlighted, down 25% in the last few months, is because the cash app business in that app you and kate were just talking about is lapping really high growth during the pandemic but they've got the big catalyst from afterpay acquisition, the big australian player they bought earlier in the summer, coming in 2022 which will be a nice catalyst for cash app >> for visa and mastercard you have a 460 price target for mastercard 300 for visa 340 for square let's talk

how many times have we seen mastercard down that much?that and visa >> that and visa >> that and visa, but i just prefer american express, though, just because it's so much cheaper than mastercard and visa and we know they'll be buying back stock next year they're barely buying anything back this year, but they're heavily investing this year so next year when business travel comes back you will see the operating leverage on the bottom line in terms of earnings. 17 times earnings and the high quality opening and it's one they buy more on on friday >> especially when it was 189 instead of 174 so raerly are we down this year as a percentage. let's talk about nvidia, the numbers have been shelved. >> the other stocks are stocks that were ripped a lot like an amd which you let everybody know today. >> bulls make money, bears make money, hogs get slaughtered. i woke up and i said to myself because i have a completely sick mind and i should wake up and talk about good things i am being a complete pig not just because i ate too much over the holi

money dem money here >> such a descriptive word we have a question on the payment stocks visa and mastercardupside what do you tell beau? >> unfortunately, i think both of these charts look fairly challenged i think there's limited upside unless visa gets above 220 and mastercard above 370 i think the relative performance is extremely poor. >> all right quick final call carter >> semis and bulls >> tony. >> call calendar on xle. >> mike. >> call spreads on smh to play that bullish semiplay. >> we'll see you in the new year next friday. your money, 2022 starts right now. >>> tonight, 2021 was the year of the retail investor newly engaged and newly empowered. will the revolution continue in '22 or will it transform into something even more substantial? >>> then, historically a lesser trafficked area of the markets options with a weapon of choice for retail engagement for 2021 >>> new sophistication in trading software and techniques will change the game again next

according to mastercard, consumers spent more money on clothes, jewelry, and electronics. online shopping jumped 11% while department store sales were up 21%. desmond tutu is being remembered as a south african leader who helped abolish apartheid. he won the nobel peace prize in 1984. he was a vocal advocate for peace. he was 90. global news 24 hours a day on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> people end up moving forward whatever purchase they are like the to do for the year, at least on discretionary items, because they do not have to wait only for the items that cost more. when it comes to staple-type items, they are resigned to the fact their favorite brand of cereal will cost more. jonathan: great to hear from sam stovall there. all-time high on the s&p 500 coming into this week. kailey, a little bit of news out of didi. kailey: this is a company that became public in the u.s. six months ago in june. the lockup expires today. the headline just crossing

holiday sales rose at the fastest pace in 17 years according to data from mastercard. experts are still keeping a close eye on the data. agreeing that this variant is very contagious but likely to be less severe than the delta variant. an average of 160,000 americans are catching the virus every day. one in 60 people in manhattaninn tested positive for covid this week. >> it's going to get worse before it gets better. we don't expect things are going to turn around in a few days to a week. it will likely take much longer than that. >> your best to get vaccinated but to get a booster, too. >> if there is a well, there is a way. with forceful way police say the suspect broke in assaulted officers in the process. >> it looks like the days on covid cruise ships are back. if you or a friend has a trip booked in the near future. >> we have rain and snow in our forecast. very cold temperatures will be heading our way overnight tonight. when we can get a bit of a break from all of this wet weather. >> some widespread rain over the bay area. light to moderate. downpours could b

take a look at shares of visa and mastercard they have each jumped more than 10% over the last month while the more recently public names like affirm and sofi down double digits the question is, guys, is the hype of the off starts wearing off within those names the names tied more closely to crypto, coinbase and robinhood now have the lowest multiple to ev to sales basis in the group and square that embraces bitcoin and blockchain hasn't done the stock any favors since that change the company is on fact for its first yearly decline since it went public back in 2015 the question here is that a lot of these retail investor and buy now, pay later i don't think anyone thinks they're going to go anywhere next year. can these incumbents kind of hold on and move quick enough or is this just a pause >> i think it's a pause. i think this is a pretty classic trow of disillusionment and a lot of energy in the space and reinvent everything and the reality of execution sets in and that's right next to the reality of having to change an enormous amount of consumer behavior, especially around the h

lock at visa and mastercard.ver the last month coinbase, robinson down double digits in the same time frame. what happened? the hype wearing off perhaps. certainly valuations they are coming back down to rert investors were excited about the young active user bases of the upstarts but it turns out, brian, robinson still relies on its users to trade on big meme stock events coinbase is tied to crypt prices neither have been all that successful yet in cross-selling products but even is he phi which has had success upcells selling or cross selling haas seen its shares tumble 50% from its highs. we checked with dan in tech check, it is going to take time. the thinking is for now the legacy lay irs, visa and mastercard are going to benefit from old trends. long term, it could be an opportunity for investors like cathie wood who believes that technology, crypto, designalization will ultimately disrupt the models held by visa and mastercard you can see it flippeds on went. brian. we just track it. >> robinson was an $85

american eagle up 3.5% today sales of electronics up more than 16% according to mastercard's holidayes report shares of apple up more than 2%. best buy higher too but just by about 1% walmart, target, amazon also likely big sellers of consumer electronics to shoppers during the holiday season which by the way still has a very big week this week potentially as retailers try to capture exchanges rather than returns and entice shoppers to spend those gift cards frank, you might know the revenue can't be recognized for gift cards until used. >> i use mine all the time courtney reagan, thank you, great reporting. >>> let's talk about where retail is headed in 2022 jerry storch, former toys "r" us ceo. jerry, happy holidays, thanks for being here >> great to be here. >> i was a toys "r" us kid so i'm appreciative of all your work in-store sales up 8%, e-commerce up 11% sounds like an all around win for retailers. was this holiday season as good as the numbers make it seem? >> i think the season was good we've been saying all along it was going to be good consumers have money and history sh

tesla, lululemon and mastercard top the global rankings for business �*future readiness�*, find out why from suspected heart failure at the age of 53. he sold well over 100 million albums in a career spanning more than three decades. the united states' troops have been trying to overthrow the dictatorship of general manuel noriega. the pentagon said that it's failed in its principle objective to capture noriega and take him to the united states to face drugs charges. the hammer and sickle| was hastily taken away. m its place. — the russian flag was hoisted over what is now— no longer the soviet union, but the commonwealth of independent states. | day broke slowly over lockerbie, over the cockpit of pan am's maid of the seas, nosedown in the soft earth. you could see what happens when a plane eight storeys high, a football pitch wide falls from 30,000 feet. christmas has returned to albania after a communist ban lasting more than 20 years. thousands went to midnight mass in the town of shkoder, where there were anti—communist riots ten days ago. this is bbc world news, the latest headlin

>> yes he's a senior adviser at master card i don't know what that means mastercard seems like -- i don't know, what do you have to think about running mastercard >> how the consumer is doing making sure people are paying their bills on time. >> i guess you think about can we raise interest rates, we still can't. >> got to wait on the fed. >> but holiday sales, if you're wondering, rose at the fastest pace in 17 years there were some higher prices, the supply shortages probably helped people do it early, so they weren't worried about it later. and then online was really solid because of the recent surge in omicron and covid cases. mastercard's spending pulse reported an 8.5% rise in holiday sales, that was versus last year the expectations were a 7.4% increase and 10.7 increase over the pre-pandemic 2019 period that's amazing the surge was fuelled by purchases of clothing and jewelry, don't i know it online sales were up 11% from last year. and up 61% from 2019 as i said we're going to talk to former ceo steve sadove a senior adviser for mastercard >> the only thing i would say on that is

las compras en lÍnea fueron 11% mÁs y en las tiendas un 8.1% mÁs, esto segÚn el estudio que hizo mastercardiÓn es lo que pide una familia hispana de chicago, despuÉs de que una mujer de la comunidad lgbtqi+ fuera hayada colgada sin vida. y a pesar de los casos de covid 19 en todo el mundo, estÁn repletos de visitantes los mÁs importantes sitios turÍsticos de mÉxico, mÁs informaciÓn al importantes sitios turÍsticos de mÉxico, mÁs informaciÓn al volver. ahora... podemos remover todas las manchas más difíciles que nadie hizo. yo no fui. tiene que ser tide. tu gerente de envíos se fue para encontrarse a “si mismos.” dejándote perdida. necesitas contratar. necesito indeed. indeed instant match inmediatamente encuentra candidatos que cumplen con tu descripción de empleo. redime tu crédito de 75 dólares en indeed punto com diagonal oferta fiebre de loteria... el carolina: continÚa la fiebre de la loterÍa y es que el premio ascendiÓ a mÁs de $410,000,000. y en mÉxico tienen la frontera abierta y los mÁs atractivos. estÁn abarrotados de turistas nacionales y extranjeros, jessica cerdeÑo nos amplia.

after the pboc pledge and holiday spending comes in quite a bit higher than expected according to mastercard. 8.3%. japanese futures a bit more muted. bitcoin, trading above $51,000. more to come. this is bloomberg. ♪ >> everybody seems to be making money. the returns are high. can they get any better than this and are you worried about this being a bubble? >> you always worry about the markets getting overinflated. i do think that there is some risk within the general market of this. technology is accelerating the transformation of all industries. artificial intelligence can do all industries, that is of the leading edge of software. things happening with ar and vr and crypto and fintech. i think it is very much accelerating into the future. that is why the venture industry has been so good. technology is important in redefining many key industries. >> silicon valley is not the only place in the united states where there is technology investment. the silicon valley companies tend to be the most valuable and that is where the most activity is occurring. is there something that makes it bette

is in 17 years according to the data team with mastercard spending pulse. well, here's a little something to cheer you up on what's been an otherwise gloomy day novato got a rainbow this morning before the rain moved in today, and there is a shot of it and as we talk about rainbows we go over to meteorologist drew tuma. we want more rainbows more clear skies, when can it happen how fast can it get here? yeah, you know what jerry i think by tomorrow afternoon. we'll get a little bit of a break in the wet weather. but tomorrow morning. we'll find some heavier rain continuing to move through to the new week ahead live. 7 right now it is busy out there. we are tracking some scattered downpours even some snow in our higher elevation. so we'll take a tour down a street level we go live doppler 7 just had a heavier sell passed through fremont on its way east so a quick downpour moving through 680 right now not on the question even get a little hail out of some of these cells to the north. bay we go 101 highway 12 in the region sonoma napa getting some wet weather

esta temporada de compras navideñas han subido 8.5% el mayor aumento en 17 años según la compañía mastercardn todo el país erika flores nos informa >> son largas semanas de compras navideñas en busca del mejor regalo? no siempre es el ideal así este domingo inició el maratón anual de devoluciones josé llegó temprano a centro comercial a regresar un regalo >> (...) este es un mediano me lo regalaron para navidad >> según la empresa de logística (...) se regresarán $120,000,000,000 en artículos esta temporada navideña >> aproximadamente un 13% del total de las ventas van a ser regresadas >> de acuerdo a la federación axial de minoristas el 69 por ciento de los compradores presiden devolverlo directamente las tiendas como hizo irving >> la mayoría de las tiendas están brindando días adicionales algunos ofrecen hasta 180 días para hacerlo >> otras aceptando volar la mercancía incluso sin comprobante de venta >> solo vine y le dije que era un gift y con facilidad me cambiaron >> para que sea más fluido el proceso expertos aconsejan confirmar dónde se compró el regalo averiguar la política de devo

according to mastercard spending, sales were up 8.5% last year and 10% .7% from prepandemic 2019 even as shoppers face higher prices, product shortages, omicron variant of covid-19. purchases of clothing and jewelry fueled the splurge. burlington vermont has decided to donate parking fines to a local food pantry through january. residents owe about 900,000 and hopes the fines for food program will inspire residents to pay what they owe while helping feed their neighbors. that's your cbs money watch. for more head to cbsmoneywatch.com. >>> 13 minutes now before 5:00. it's time to get a check on our monday weather and traffic. >>> we start with darren peck. yesterday we got a break in the rain and i got outside for a walk. is that an ining. the best of the rain is coming through now through the morning commute. by 1:00, 2:00 this afternoon, not only will you get outside without rain but you will get breaks of blue sky. it will look prettier. that's not the case now. look at high def doppler. there is a lot of rain on here. the focus of this is coming in right through the commute. a lot

salvador microsoft cambiar el acceso a la internet para unas 4 millones de personas en la región y mastercardas cuyo vicepresidente dijo que estaba optimista por esa región y emocionado de invertir, abrir más establecimientos allí y crear más oportunidades para algunos las inversiones son importantes pero poco convincente ya que dicen no hay garantías de que el dinero llegará a las comunidades que verdaderamente lo necesitan >>> es insuficiente con inversión económica sin los demás elementos para generar ese contexto económico, social y político estable no están en la mesa y en donde creemos que es necesaria más acción de parte de la oficina de la vicepresidenta >>> otra preocupación, la corrupción un fenómeno grave centroamérica que provoca la migración y ha disuadido a otras compañías a hacer inversiones similares. la casa blanca reconoce que la inversión no dará fruto de la noche a la mañana pero insiste que es parte importante de los esfuerzos del presidente. telemundo >>> gracias randy vámonos al corte comercial californiano tendrán que regresar a usar mascarillas en interiores entérese

consumers went on a spending spree this holiday season, according to mastercard's spending poll, salest year and 10.7% from pre-pandemic 2019, the fastest in years, even as shoppers face higher prices, shortages, and the omicron variant of covid-19. purchases of clothing and jewelry fueled the surge. >>> and burlington, vermont, is donating parking fines to a food pantry. the city says collectively residents owe $900,000 and hope the fines for food program will inspire people to pay off what they owe while feeding neighbors. >>> that's your cbs "money watch" report. for more head to cbsmoneywatch.com. cbs news, new york. >>> all right. up next, covid strikes again. the latest college football games to be canceled due to coronavirus outbreaks among players. with downy infusions, let the scent set the mood. feel the difference with downy. (swords clashing) ad eo. artis here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain with aspercreme. ♪ ♪ my name's caleb. what's yours? i'm grace! did you just move here? yeah

new data from mastercard spending pulse showing an 8.5% spending rise. they were shopping however you had to shop. if you want to do make sure you got something, you started your holiday shopping earlier this year you still went to the mall if you had to you did whatever you had to do, and it showed up in the numbers. >> there was something for everyone i did a personal on the street little safe lynx it was bumper to bumper throughout washington, d.c., whether it's curbside pickup, inside the stores, ordering online, it was bustling, but about a month ago there was hand wringing about supplying, and whether inventory would be on the shelves for consumers. the administration was saying, if you want to ask about your christmas packages, call fedex, u.p.s., the postal service 97% on-time, so credit where credit is due after a really different logistics season for a lot of these companies who kept items on the shelves, so that the data, carl, looked the way they do and we're reporting about it now >> yeah, that data from shipmate tricks, u.p.s. and the posta

tis now the season of returns holiday sales rose at their fastest pace in 17 years, according to mastercardom last year, which could mean record gift exchanges for those unwanted presents. here's jolene kent on where your gifts could wind up. >> reporter: the race to return is on. >> i need something that will either do prereturns like threw the mail or where i can just drop it off like u.p.s >> reporter: but it's not as free as many stores would have you believe. with a surge of online shopping, the cost of a return is rising fast now, the average holiday return is 2/3 of the original price tag you paid for the gift, including cost of transportation, warehouses and paying workers to process your item. >> i have to get at least two sizes because i never know if it's going to fit. >> reporter: angel perhaps on sending back some clothing she got for christmas. >> i try to be intentional, but i know how hard it is when you get something that you like and it doesn't fit >> reporter: but she's also well aware that not all returns end up back on the shelf to be resold 5.8 billion tons of return p

sales rose 8.5% according to a new mastercard pulse spending report with electronics, and clothing ber more news, download our app on your cell phone or connected tv. i'm elise preston, cbs news, new york. >>> it's monday, december 27th, 2021. this is the "cbs morning news." >>> covid cancelations. holiday travelers stranded after thousands of flights are grounded. how the surge in coronavirus cases is slamming air travel. >>> snowy mess. a storm out west is wreaking havoc on the roads. why forecasters say people who are heading home may not be out of the woods just yet. >>> and honoring a civil rights icon. desmond tutu dies at the age of 90. how his tireless and nonviolent fight against apartheid in south africa is being remembered this morning. >>> good morning, and good to be with you. i'm tom hanson.

but how much a trickle of funds from pepsi, cargill and mastercard will actually do, remains on clear. meanwhile, 50000 juvenile seeking asylum had disappeared. according to the country's top migration tracker, when compared case by case reco by reco with the previous month stay to dump truck received, we find that requisite disappear without explanation truck has repeatedly reached out to the agency executive office of immigration review. the d o j agency, the overseas u. s. immigration cases, but has not received any satisfactory explanation. a number of these asylum cases continued to disappear each month. researchers say the u. s. department of justice is making it more difficult to track a juvenile migrant cases, providing information that is not useful or precise, but one sheriff will not keep silent. they've already got what over 147000 juveniles their own a company own that they need to change their messaging. obviously, when you sit there and say that you're going to do individuals money because they were separated at the boulder, less just to draw for the cartels and for the

retailers are seeing brisk holiday sales this season , according to mastercard's tracker spending polls, holiday sales rose at the fastest pace in 17 years despite higher prices, supply chain shortages and the threat of the omicron barry. it sales rose 8.5% from the year before and rose nearly 11% from the pre pandemic holiday period of 2019 clothing and jewelry are among the most popular items this holiday season. we're going to africa to see truly wild predators and their prey in their natural environment is on countless bucket list. we are learning that the lack of tourists during the pandemic is unwittingly aiding and abetting wildlife poaching. that's because there are fewer trains safari guides to report suspicious activity to rangers. ktvu is tom baker tells us conservationists are now turning to a familiar technique. to root out poachers. yes, sir. it dogs are more than a human's best friend, meticulously trained contraband and detecting dogs have saved countless exotic and endangered animals from wholesale slaughter. by poachers . poachers sell animal body parts for everything

from a previous authorization when your shares hit low, maybe you want to buy back that's what mastercardof amvarela they are responsible for camera chips for things like smart phone cameras and ka ras on computers and everything else. gopro, that sort of thing. they are up 15% right now. it reported results after the closing bell yesterday that both beat analysts for profits and revenues this company may be seen as a possible leading indicator for smartphone demand and a pandemic beneficiary as people tended to do more stuff at home. they're up 15% right now as we do here in this third hour of "squawk," oftentimes, a check on the most popular ticker searches from yesterday's full session amidst that volatility apple had it positive yesterday, adding to those gains today, salesforce down more than 6.5% moderna, tesla, one of those positive stocks in yesterday's session, nvidia was well those are in the top ten, as always, the rest of the top ten is on my twitter feed. i'll send things back over to you. >> at the domino thank you, mr. domino. >>> our first guest of the hour is a big one jo

patient that was for some isn't that i'm at a potential museum w bunker summer. special lever. mastercard. she was there with me. yes. as maria, which was income, or she a processor with, with the shifts of the way. so it was with super business of sister julia. when you press and gene, the more she was not so busy, doubling it is with a narrative is show them what to carry. that was july here, eager with sure. oh by them dollars additional really? ah a it's too late. you cannot do anything about it. it's now a self of billing extinction. a bad for the u. s. economy, sorry, america, but it's over because the ability to do what paul walker did raise rates is no longer on the table. because the duration rest, the fundamental understanding of the usaa, the bond market is so far out of the old curve that any little bit move up. we'll crash it anyway. so it's either crash or one way or crash in another way, but you're not gonna avoid the crash. oh, working room or should in the back. she popped in. she said, well, i'm getting ready to go shopping for christmas. and we, we snuck up. there was a

seeing the bubbles in bunker summer. special lever, mastercard, her name is when you get this message because in commotion with the apostles with the sofa with business of cynthia julian. when you press a gene, the more shuttled so busy doubling it is with a narrative is show them what to carry. that was july here, eager with sure. well, why don't dollars in the addition to really 0, $1.00 of the major fights, chance are merge go with president bush junior, was in 2008 this so called bucharest company. and that state the united states actually wants it for georgia and ukraine to get them and nato membership to start the so called membership action plan. and it was germany that stop that and then said, no, no, we don't want to do that because these countries will not add to the nato, which is one of the prerequisites. and the nature of treaty was diagnosed with cancer in 2009. when the doctors told me the cancer was incurable. i knew i had to make a change. so i decided to travel to one of the most toxic places in america. florida. one of florida is the biggest industries and best kept

the german army, mastercard mob, dogged millions of people, including many jews. they were beaten by the red army. they were liberated from fascism. you would have thought given dot talk short history that germany would be rather more circumspect before joining in what is clearly an international, lynch mob seeking to convict without evidence and execute the russian stake for anything that happens anywhere on the territory. busy and the no stream to example that you alluded to is perhaps the most profound example the united states and some of its allies in europe claimed not russia would use gas as a political weapon. it turns out the west europe and even germany, which is now using the supply all gas as a political weapon. it's very dismal, is potentially very dangerous. we must hope that cooler heads prevail. well, you know, talking about cooler heads prevailing where we're sure a pretty chevy start here. i mean, how damaging georgia is for relations between russia and germany. sholtes, he's just in, he hasn't even had a chance to speak to a lot of my food. and

the bottom of the bunker summer special is the mirror mastercard. who should was there with me? yes. is madison come or she a processor with with the chest, i suppose with business of simply give safer when you present inc, the more a shuttle so busy the plenty of is with a narrative is short. and i want to carry that with jill up here, eager with sure. no problem. donaldson additionally are oh the wrong one. 0, just don't move any new world yet to shape out disdain. because the attitude and engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground. for special yes, today, the old in the legendary mich byers 9 author of the planet ponzi match. nice to see happy holidays. with on a 2nd cd than when you was because we missed the 1st option with a proposal and then up to 2. she'll go stuck that bottom obviously, just leave it with us. she'll christie will. memorial doing good to with us change . no. assist. come with us. the trend as to what mr. jewish interest, all the court just released, records that glue. nope, i missed little m

there should be a scene with them all the bunker, someone special, he was the leaders mastercard. who should was there with me? yes. as many such visiting come warship with buses with, with the shifts of the way. so it was with the 5th business of sicily, julia clifford williams messaging similar russell. so visit of linear visitor, narrative is short. i'm supposed to carry that with jill up here, eager with sure. well, i don't dollars in the additional ah, the oh, driven by drill, shapes, bankers, and of those with dares sinks. we dare to ask oh, is your media a reflection of reality? in a world transformed what will make you feel safe, high selection community? are you going the right way or are you being led somewhere? direct. what is true or his faith in the world corrupted, you need to descend to join us in the depths or remain in the shallows. ah, on a 2nd tedious what news because most of the proposals done to, to she'll go stuck that and put on august needs to week with christie woman. but we'll do a little bit of change our system with us trenice to what we're in the jewi

to 2020 and a 10.7 percent increase from the previous demik days and 2019 according to data from mastercard. now if you're wondering where that increase came from. well, the leading categories were closing jewelry and electronics department stores also side 21 percent increase in traffic compared to last year. as more americans returned to shopping in person, but while they were spending more, they were actually getting less in return as inflation years 40 year highs in supply chain shortages continue to impact businesses and consumers. so what does this mean for the u. s. economy going into the new year? well, joining us now to discuss is john walsh. jean of the miami herbert business school games was just great to have you on the show today. now, what do you make of the latest data? i mean, it's expected that americans will spend more during the holidays, but how are we seeing inflation really play a role this season? thank you, rachel. of course 20. 21. consumers were determined to have a good holiday season, having been short changed in 2020. so there was some pen top demand evidence an

but i'm at a potential deal seeing the bubbles in bunch of summer special leaders. mastercard, who should was name it from your use as many as such? because in come or she a processor with the ship to forward suppers, with 2 5th business of to 3 junior 50000000 persons inc. similar russell. so visit obliviously to american best short and what's your character, what you'll up here eager with sure. no problem. donaldson, the addition to the are a ah, [000:00:00;00] with ah, working room or shed in the back. she popped in. she said, well, i'm getting ready to go. shopping for christmas and we, we snuck up there was a gun to buy another shooting another safe part of american life shattered by violence. the gunman was armed with an a r 15, semi automatic rifle. when the issue comes home, it's time to act when we're silent on this issue, the other side winds, by default, the lady that lived over there. i was walking one of the dogs, which is why do you wear again where you skin doesn't take it off and i think the people need to take responsibility in their own hands and be prepared if those kin

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