the only choice, if you want to call it that, they have is to accept visa and mastercard and -- mastercard branded credit card to pay the fee, or refuse to accept the cards entirely, which in this day and age, is no choice at all for most retailers. let's turn to a video that sheds light on this issue. >> it is easier than ever to tap , insert or swipe your card and go, but every time you do, a small percentage of the sale is taking from that business. the so-called swipe fees, or interchange fees. it is how much visa, mastercard and other card networks charging merchant when a customer uses a credit card to make a purchase. >> these house that these are my second highest operating expense. my first highest is obviously payroll with all my people, and the second highest is my credit card fees the total almost $100,000 a year. >> on average, sometimes it is a flat 10 sent b+ 2.6% of a transaction. if you spend $10, it is about $.27. it doesn't sound like a lot, but it adds up for so many small business owners we have small profit margins. in the united states, some of those fees are the hig

president of america's region for mastercard. she is responsible for overseeing mastercard's operations and consumer-facing activities in the united states, canada and latin america. she's been with mastercard since 1997, has held various roles during her tenure. next we are joined by roger alfred, a professor of law at notre dame where his scholarship focuses on antitrust competition, trade and other commercial law issues. professor alford previously served as deputy assistant attorney general for u.s. department of justice. our final witness is doug cantor. since 2021 has served as general counsel for national association of convenience stores. the organization representing 148,000 convenient stores. the organization represents more than -- employing more than 2.3 million people across the country. mr. cantor previously practiced law where he served as counsel to merchant payment coalition, among other organizations. i ask the witnesses to please stand and be sworn in. if you'd raise your right hand. do you affirm the testimony

the way we are thinking about this from the perspective of the mastercard economics nymex institute is be the year where we get the more sustainable level of growth and get an idea of what they really looks like after all these years of the wild swings into various economic variables like inflation or in interest rates, they are coming down and we are still seeing wage growth now in excess of inflation. inflation—adjusted income growth is quite robust and with lower interest rates as well there is a bit more room for discretionary consumer spending around many parts of the region — particularly we think we will be seeing in places like australia, singapore and even hong kong. that is interesting because we heard a lot about donald trump earlier in the programme but a lot of concerns around his proposed tariffs. what impact are they likely to have on growth in the region? a lot will depend on what does materialise and there are many folks who are getting more nervous about the impact that can have. the way we look at this is it diverts investment into other places around asia pacific or

mastercard up 24% and american express up 60% and visa around where mastercard is.ws us where the business is, the high income family and you look at the home builders and the toll bothers, they cater to a higher affluent of people and american express this saved them. so if the market turns down, it will go down less than the other and boom. >> the knock on american express had been that if business curb their spending an american express gets hurt. what kind of environment do you think we'll be in next year. >> i think the business environment will remain robust if anything, there is more confidence to spend and to maybe spend on some capex, op ex i worry about a stock that has doubled in a year and a half in a world where all we do is talk about consumer credit. even if it is a more affluent group. could you have the same kind of year you had for last 18 months, it is not that cheap so i don't know if i need to chase. >> the valuation is not terrible it is high for itself historically but they've sort of grown into it, i think. and i think that affluent customer,

good it has been up 7% they say up 5 to 10% that range, very consistent with 3%, holiday overall mastercardge for the season. >> interesting that brick and mortar was up really, trailed online so much, should we expect that that is really the trend? people are going to spend money if they want to spend more than but going to do it online? >> absolutely, even can you imagine black friday two-thirds sales, one third he online black friday? that is a biggest opportunity, stores had all years internet taking share, certainly from bricks-and-mortar retailers, doing it on phones all mobile that is where the massive growth is taking place even that mastercard number slightly in stores other stores saying sales down negative black friday looks like a lot of crowds, a few percent on a you big number lots of people shopping but if i number are down terrible for retailer economics he retailers make more when you buy in stores when they've to ship to have you, federal express much more costly. >> important warning monday after thanksgiving adobe national retrial federation forecast 72.3 million people

we worked together on this upscaling when you were at mastercard. we have to shift. the nature of the economies with which we are working are shifting. urbanization. the number of conversations i have had with young people who say i know there's agricultural and extension service training available but i'm heading to the city, you not creating programming around the world as it was but the world as it is so rapidly becoming. >> you rightfully put -- point out that that's putting a real constraint on the ability of local governments to invest in this and the role china has played in running up that debt. any progress in getting china to play a more responsible role in debt restructuring? and do you find that there's a coalition of countries willing to work with us on that in a way that is effective? >> you have a negotiation that culminated finally after more than a year and a half in zambia that we monitored closely and offered some technical support and if i may digress for a second, in many of the places facing the greatest debt distress, and this is relevant for p

with mastercard, this is part of what he was ginning up and by being a first mover has mastercard oftenas, getting other companies to step up as well, but having said all of that -- sorry. one other happy thought which is i think if you look also at ambassador whitman's tenure as ambassador of kenya, especially for the incoming administration, a really interesting model of how someone goes about using that perch in the interest of u.s. business and the interest of the kenyan economy and if you have not watched her talk, i think it is why africa, why can you? why now? -- kenya, why now? it is the best advertisement for kenya but in some ways for so many of these emerging markets? having said all that, i want to push back a little bit on the binary that you are laying out there because when, for example, we bring private sector delegations to a lot of the countries i described, even some of the so-called bright spots where it was going in the right direction, but the thing that is holding them back, it's not just a distorted perception of risk, it is corruption. didn't want to get fined.

data from mastercard spending 3.8% over last year. that's not shabby. that's for november 1st through the christmas eve. funny calendar this year. >> i don't think that's good. >> it's not real. >> it is nominal but i have an answer for you. >> okay. >> tell me is it disinflation. >> goods inflation has been -- >> even that -- >> to the extent -- it's an okay number. not a great number. it's a pretty good number. to the extent inflation for goods and to the extent that most of this represents goods, it's the nominal number should be close -- >> if it's minus one for the deflation -- >> minus 0.1. >> only 0.1. come on! that only adds 0.1 to the headline. >> it would take it away. >> you nope know what i'm sayin [ inaudible ]. >> am i supposed to read more? >> no. we're watching apple. another record high and the market cap creeping to $4 trillion. we're talking really close right now. 3.9. we have to get above 264 a share and we're at 258. >> $4 trillion. >> yeah. to get to 4. >> you need $6. >> yes, you do. >> a little bit less than $6. >> for a cool ex

charles: so visa shares are down a little bit, mastercard shares are down a little bit. weather these sort of storms. what could actually help to break that monopoly that senator hawley was talking about? >> yeah. so senator hawley has a bill out it's called the credit card competition act. that would force banks to compete, right? they would have to offer people a choice. also merchants would be able to choose different networks, so just the competition from that would bring a lot of that $138 billion down. but you're absolutely right, visa and mastercard, they're as bad as the banks in the terms of sort of the golden rolodexs in fending off any kind of regulatory challenge. so it's a lot proof money at stake, but they are going to fight hard for that. charles: yeah. the american people are watching. this is the kind of hinge that does unite folks on both sides of the political aisle, particularly apolitical folks. by the way, i know you were big on bitcoin. congratulations, you were absolutely right. we'll talk about that again because i've got a feeling that train kee

mastercard says. america leaders say they saw about a 10% increase in shoppers come out wednesday through sunday this year compared to last year, and that had a lot to do with store deals this year. >> retailers made that easier for them. they started their black friday discounts a weekend prior. that was the first time we saw that here at mall of america. you see that a lot of times with big box retailers. but for specialty retail, they started their black friday sales. so we actually saw a lot of traffic earlier in the week, this past week than we've ever seen before. >> and mall of america says they also saw a lot more shoppers lingering for a longer amount of time on black friday. and not to worry if you haven't made it out to the stores in person yet, because many retailers are planning to continue their deals through the end of the month. in bloomington, minnesota, kennedy hayes, ktvu, fox two news. >> all over the bay area this afternoon, the gift of unseasonably warm weather and it g weather h

we worked together again on some of this upscaling when you were at mastercard. we have to shift. urbanization, mine, the number of conversations i've had with young people who just say, yeah, i know there's an agricultural training and extension service training program available to me, but i'm heading to the city. and so, you know, meeting that moment and not creating programming around the world as it was but the world as it is so rapidly p becoming. michael: you rightfully point out the debt sustainability issue is putting a real constraint on the ability of local governments to invest in this. and the role that china has played in running up that debt any progress in getting china to play any more responsible role in debt restructuring and do you find that there's a coalition of countries willing to work with us on that in some way that's effective? ms. power: i mean, i think, look, you have a negotiation that culminated finally after i think more than a year and a half in zambia that we monitored very closely and offered some technical support to the government, if i may dig

. >>> welcome back, mastercard reporting that holiday spending grew about 4% from last year, i am a littled, online sales of about 7% and a reversal of the experiential gifts trend, apparel, jewelry and electronics ramped up. the hottest items on jen z's -- gen z holiday list this year. what did arrive in the holiday stockings? >> the number one gift that i saw were digital cameras, it is a big year for canon. >> in other words, you hold it up and you point and you click. >> exactly, exactly, it is not an and or thing with iphones, iphones were really popular too, it is a great holiday season from what i've seen, i have had iphones, the little smart pen, really interesting. >> some smaller items, talk us through even like the little food trends, jewelry, what are you seeing there? >> one interesting thing is the hair gadgets, super big, we're talking 500 $600 gadgets, shark, it was a very big season for shark, ninja creamy, it is a machine that turns anything into ice cream, expensive but anything for ice cream. lots of little gold bracelets, gold seems to has -- have overtaken a silver. t

among my favorites i suspect i've brought it to your attention on this show before, mastercard, we think the payment space is an interesting place to be, continued to improve margins, penetration even here in the u.s. and of course geographic expansion, more and more technology ways to improve their business and their margins so there's good names. a controversial name, mckesson mck, is a couldn't controversialspace, the healthct on dips we want to add to this leaving we've got the good fundamentals and the company, the world i should say the u.s. needs these businesses. they might get transformed and reformed a bit, but still good business. liz: bob, i know a lot of people are bringing out the plastic but i would just like to mention to our viewers that bob has suggested and recommended mastercard this year, and it's seeing a 24-25% gain year-to-date. so that's a nice holiday gift, bob. thank you so much and have a great christmas. >> you the same. merry christmas. liz: bob doll. all right we are just five days away from christmas and hanukkah which in a weird calendar moment happen on

all right, when we come back, some new numbers on black friday shopping from mastercard.e have that straight ahead. >>> and later, harvard's arthur brooks on how to make your life happier. "squawk box" will be right back. i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ everybody. the holiday shopping season is shaping up to be a good one this year. that's according to fresh insights from mastercard spending pulse which found that black friday retail sales were up 3.4% from last year. online retail sales were up by 14.6%, while in store sales inched up by less than 1% from a year ago. and joining us right now with

we got numbers from mastercard, spending between november first and december 24th up 3.8%.ws it also means more returns. take a look at these numbers. pretty amazing really. 890 billion before the end of the year. that's about 70% of everything we bought. not good news there but i guess in some ways it's another opportunity. 20% apparently of people who return things actually spend more money. ryan you don't mind returns. >> returns are great. people have thanks they may not exactly like and they have gift cards that they want to spend so they come out into the mall with our great collection of retailers to get themselves some thing they want. >> and people want to come to a physical location to return and so that creates an opportunity for you and more trap for you. >> absolutely. it's a social experience and people want to feel the merchandise and have that immediacy of getting it right away. >> and one last item. i learned a new word today. it's called bracketed but it's where somebody orders three or s or colors and then sends the other stuff back. we are told by the ex

holiday sales are up 3.8% this year according to mastercard.ke jewelry and clothing. restaurant sales up 6.3%. 4% for jewelry, 3.6% for apparel. the report digs into who is buying. the gains coming from largely households that earned over $100,000 a year. lower income families cut back this year to cope with higher costs for basic necessities. online sales also were a bright spot climbing 6.7% while in-store a sales were up nearly 3%. we're seeing the breakdown of the spending patterns and it looks like it's the wealthier americans, the more welloff americans that were spending. >> people aren't as affected so much by the interest rates, these interest rates they're really hurting the middle class. that extra $1,100 on the credit cards have little impact on the folks over $100,000 but we need interest rate relief. i think two cuts the fed may need to turn into three next year to see relief for the middle market because it's a real problem. cheryl: you know, joe, it's the inflation story that kept the consumers sometimes under water if you look

abc news reporter reena roy has a look at the numbers. >> a new report out from mastercard spending polls showing a jump in holiday shopping this year. between november 1st and december 24th, overall retail sales increasing almost 4% from 2023. there was a big growth in e-commerce. online purchases surged almost 7% from last year, while sales in store were up about 3%. spending was up the most in categories like clothing, jewelry and electronics. a key theme of this holiday shopping season has been value consumers willing to spend if they can get a good deal, and retailers responded by offering promotions earlier than ever. but there are always procrastinators out there. one tenth of all holiday sales came between december 20th and the 24th. in that last minute dash for gifts.n with those store runs in the 11th hour, shopping at department stores grew at a much slower pace than online shopping. and when it comes to holiday deals, they are not over yet. some big box stores like old navy, gap and target are offering some pretty big are markdowns post christmas. reena roy, abc news, new york

mastercard saying in its latest spending poll survey that holiday spending was up 3.8% this year. but shoppers were searching for value. online shopping , holiday promotions, and experiences driving the jump in sales. macy's, foot locker, five below, dick's and ulta all seeing gains. target up 3% today, posting its highest close since its q-3 earnings report last month. so, what does the retail trade look like for 2025? and what was interesting in that survey, the uptick in spending on stuff. so, apparel, electronics. the stuff that we used to put under the tree is now back under the tree, or was back under the tree, bonawyn. >> yeah, listen, i -- given that there has been concern around the consumer, this retail sector does have the propensity to outperform, because it's a bit of a counter trade. i would say in addition to that mastercard data, there was data showing that the additional credit card debt load was about $1,200 of unexpected additional debt load. you add that to the $1.2 trillion that we already have, i don't think that we can persist to have increasing debt, higher

mastercard came out with a report that said black friday sales were up 3.4% over last year, and thatght on the top end of the overall holiday spending target estimating a 2.5 to 3.5% growth against last year. some of what they shared was actually online was already up and in-store sales were a little bit softer, but what we are really hearing from consumers is it is not just gifts which they do love shopping for, it is also have a been waiting to get good deals on items that are personal for their own personal use and they really want to make sure they get their own bang for their buck but it overall since the holiday season for success. scarlet: our floor director was just telling me he was buying a pair of jeans from duluth trading company and it was a present -- it wasn't a present, just a gift to himself. so we talk about how this is cyber monday just like how we talk about there was a black friday but we know that these deals have been really promoted for the days and weeks leading up to black friday. what is actually on offer on a day like today or this week compared with years

private sector most recently serving as chief legal officer and head of global public policy for mastercard. is a former partner, former vice chairman of the asia group and prior board service on the corporate board of directors. he's also a veteran of the us air force and recipient of numerous military and civilian decorations including the meritorious service medal in the state department distinguished service award. he served on numerous boards including the president's intelligence advisory board, weapons of mass distraction and terrorism commission, secretary of state foreign affairs policy board, also served on nonprofit foundation, lehigh university and the national endowment for democracy. senior fellow at harvard university, and holds multiple academic degrees including a doctorate from the university. georgetown university and law degree from american university. it will hear tonight his deep understanding of global affairs, dynamics, and international business makes in a really exceptional choice for the discussion. so a privilege to have him with us today to share his insights a

. >> jericka: retail spending was up this holiday, according to mastercard, but 'tis the season to gives one of the busiest days of the year for returning unwanted gifts, but all told, nearly $900 billion in goods are expected to be sent back this holiday season. that means shipping centers are still feeling the crush. cbs's kris van cleave visited one for a look behind the scenes. >> reporter: just as latonya rascoe was getting the last wave of christmas gifts ready to ship out of this fedex office in anchorage, alaska... >> okay, have a good one. >> reporter: there's another wave coming. >> we even work christmas day, here at the front counter, taking your returns. >> reporter: you are getting returns starting christmas day? >> yeah. because we in alaska, you've got to realize, we start shipping prior. yes, we see it early. >> reporter: call it the return rush. the national retail federation expects about 17% of purchases to be returned this year, and that peaks right after christmas. last year, e-commerce items were the most likely to be returned, which means the holiday shipping sea

my mastercard is upon the mother who so much hello. the supplies that i have it over tonight. even though the put to our goal is to hold on. one does have some level. what does your mood and 16000 of these automated bins have been installed in solar. this is the innovations like these together with chick government regulations that has enabled soft career to turn its foot waste, prop them around. if there is one place that symbolizes the success, escape hawks. located west of tower trucks, a 10000000 visitors annually. but only 30 years ago. this is what it looked like. then it was the largest land feedings. it was a place that sauce koreans cord, the land of this the professor came. is it let's get architect who's been studying this fox transformation, one of the tickets on it today. you can you want me to touch on decide. on some point, it is all, all what led him to do a 99 apple. so how do they do they, they might not legal. once you go through sunday, they'll get into one that will. how would i find that i'm doing was i'm excited. how will you be able to do it? hopefully

what kind of message does it send to future, generate a kind of mastercard, of children, women as a defenceless elderly by throwing them into a bottomless pits and burning them alive. because the military tradition kind of cruel, a self against those who could not defend themselves, be called a military victory. how can you make peace with someone who doesn't just justify his own crimes, but also shift the blame of his victim? should you forgive someone who has no guilty conscience and shows no loss, but if so, now you're so ski, yes. depression that the mystery was above the cross sub of the target to put in a motion to a nationalist appreciate which released sort of big motor. he has also told me maybe, maybe all that, and then one of the most de tossed i'd be, well, um bishop nickelodeon admitted it's just a spiritual message for the subs which remains to this day for all to see the we will not to commit criminal and cowardly vengeance against any one's children. unlike them, we will not in the name of christ and christianity, soil or clean and innocent hands in the blood of their children,

segÚn mastercard, spending pools, el gasto durante ese dÍa aumentÓ un 3,4% respecto al aÑo pasado enes tiene recomendaciones para que usted no caiga en la trampa. >> hay mucho fraude o no recibe sus productos. >> por eso lily dice que no realiza sus compras de fin de aÑo en lÍnea. ella prefiere ir a las tiendas. las autoridades aseguran que en estas fiestas es cuando los estafadores estÁn mÁs al acecho para robar dinero e informaciÓn de los compradores. >> envÍan mensajes engaÑosos a travÉs de mensajes de texto o correos electrÓnicos donde guÍan a la persona a comprar mercancÍa en sitios fraudulentos. >> jorge asegura que fue vÍctima de estafa al comprar en lÍnea que habÍa una transacciÓn de 300 $ y este y fue por una. >> este pÁgina de internet que fue de otro estado. >> de acuerdo con el fbi, en 2023 se registrÓ una cifra rÉcord de mÁs de 880.000 reclamos de estafas con pÉrdidas potenciales que superaron los 12.500.000.000 de dÓlares. esto es un aumento de casi el 10% en quejas recibidas y de un 22% en pÉrdidas sufridas en comparaciÓn con 2022. california fue el estado con mayor nÚ

the babies and she see the country was a big with several minorities um, a well being mastercard in the country and now fall. so as we speak, the relationship between india and bonded these they continue. so did jody right argue, correspond our engine showing our engine. thank you right back with more or less than 30 minutes. now i'll see you then by the agent to the designer. so this is kirkland, lexi dory to the you have most of us here, mr. nation. he just said, i've seems to use a spreadsheet and presenting the recipient for the short term use. the great news for interest of the class in this place worship, or goes one citizen, or the visual to you for your, for the, for one year you can go to, i'm so afraid the pro bonus genetics. what if i chose the dumpster or shoot this to me in the future, but can you just set up the privilege so anything that that is going to be at the effective date? so yeah, various has been spin and vishal the some of the depot issues. so there's something that a genuine is village club. football is you professor community during the how much the same the s

according to mastercard, in-store retail sales rose nearly 3% over last year, giving a much needed boost after years of pandemic hardships. our very own sooji nam has been speaking with shop owners in san francisco's noe valley neighborhood. they've been telling her they've seen a sales bump, too. hey. >> reporter: many local businesses had to shut down due to the covid-19 pandemic, but those still standing told us holiday sales are much higher this year than that and they're very grateful to the community. it's a rainy day after christmas out here in noe valley in san francisco, but that's not stopping neighbors and their families from coming out and enjoying their holiday and right here at when modern was on the corner of noe and 24th street -- >> antique pieces, this went on a horse 100 years ago. >> reporter: -- donna taylor, the owner of this repurposed vintage furniture store says there's been a spike this year in foot traffic compared to last year. >> this year i'm up, which i almost fell off my chair. i was like what? how did that happen? and i think a lot of it is because people

frustrations and humiliation suffering on sundays that alter level writes in the ac is out of us in the mastercard, committed by for instance, on the territory of the african nation given problem to the countries. and so i once again in a fam, meaningful this phone from paris, set it all as long demanded that it's full mccolan. i is the take responsibility. apologize, i'm investigating the crime. it's a phase inefficient village. on the outskirts of the capital is close enough. and what exactly happened in november 1944, around 1600 african. so it is good for the full for design were captured by germany roof i attributed back to the car. so the officer arrived in the middle of the cabin near the capital, filled with eyes and protests, a delayed wages. fitz open a fire on the process is on the 1st of december to me at least 35 seconds of the soldiers. well, the historians say it well many more, but since in a few days this whole, this of memory says inside all find, suppose a manual by farm road, a public that's the recognizing the mass of the in 1944. so move drew a response from some of these wal

didn't late at 18 years of secrecy and set a goal and seemed sparks from the front office of a mastercard, of west african soldiers, by the french on the once again, the most active weather from the re being produced north was, is the noise and bates of the g, and we'll take it as the circulation here as produced funding in roads the island to the southwest increasing the more recent the for the know from the g, and we've got some shelves getting close to turkey, but the focus is probably going to increase their antonia during tooth is a risk of flooding from this and that edges into it cypress as well, but didn't that didn't talk you match as long as the lights and disco smell in the dryer and offices the recent visit, but the funds in the sky that's true throughout syria and towards iraq as well. i think monday, we'll still see the shamal blink times through the gulf. that's cool. things aren't quite locked on the very tough. do you on just mildly say that those are issues come tuesday, why don't you shout that being said, in the mountains of south west saturday, hey, might come up agai

or do you and the secretary general has called for 8 star investigation into the mastercard, of a 184 people in haiti's, capital, potable products, beginnings of elderly food and practitioners, ordered by a powerful gang leader. he blames follows of the religion for his sons illness, and he's prime minister has leveled the kennings of monstrous crime. you and says games have killed $5000.00 people this year and haiti, whether it be decades of instability during the near search a year dictatorship of post y, developing a known as pop a dog. and his son zone cloud baby dog. they used a part of military force to stump out any opposition, gangs of executive varying degrees of power since then. most recent outbreak of violence was fueled by the assassination of prisoners jumping on was a in july 2021. guy was controlled about 80 percent of for the price for the national forest, only has about $9.00 fines and officers. are you run back to mission led by canyon . police is in the countries to help restore order moxie, and monday is a former haitian to foreign minister. he says law enforcemen

full make shift times have been completely destroyed, just hit the relatives of the victims of a mastercard and el salvador. according for accountability, 43 years on, family members have held a riley, quoting for justice for nearly a 1000 people killed in most of the in 1981 during the civil war. many of them were children. soldiers are accused of moving from one home to another gunning people down and bending the houses relative so demanding that those involved a prosecuted us television network. abc news has settled a defamation lawsuit with president elect donald trump from suit abc in march. a. the comments made on by one of its present as about a civil court case ruled by all set eugene cairo abc will pay $15000000.00 to trumps presidential library to settle the case that's set for me that the rest of the notes, whether is next and in 5 story, thank you for watching. stay with us. the hello is beginning to feel a little like windsor across. i'm not sure of the middle east now. temperature is really on the slide, the end of cloud, or rolling out if the guy pushing across iraq, iran and

the mastercard, now does this have any impact in terms of compensation or anything else from funds, funds other than some form of acknowledgement? well, everything is down to the word and as president of the menu in my class. 80 here is that, what are the mass securities that said that what happened here was not a violation we're premiere, but amounts that are in the difference here is that when they say a violent report that entails that the filters, the african, the soldiers were rebelling not trying to fight for their rights and then they had to you is worth it in order to send that you need to see that there was a massacre. is a recognition that had is at fault. it has a renewed on disability. yes, it will leave the ground. reparation would be on the shore financial respiration. this is more about historical reparation. the, the need for both friends and always here in the continental, recognize the f for each of these soldiers helped me to liberate you harris. and they weren't allowed to march in paris when the frame of when paris was livery, you recognize the fact that they were sen

and synagogue for members of mastercard, 18 years off to french forces killed the groups of african soldiers recruited to defend from the beginning in syria were opposition fighters are pushing on in hand of probing south to taking over the country. second largest city of lead time. and the last hours they have been multiple strikes by government forces on the part one struck the entrance of the cities university. fine to say that now advance south into the problems of hammer. well, the fighting is the biggest defensive and serious northwest and provinces, and several years it has been concentrated in and around a live and live. sometimes somebody begins out coverage on the 5th day of it's offensive. a coalition of opposition forces led by the hey, at the heavy to shim armed group, says it is made more gains, expanding its areas of control, and seizing a jail and central level, capturing what are believe to be syrian army soldiers along the way. about 45 to 50 soldiers have been taken as prisoners of war and kind of see here, we send out a message to the gangs of the cheryl outside surrender

so, those initial data was coming from nationwide and mastercard.ng on over the last few da s? , going on over the last few da 5? , ., ., 4' going on over the last few da s? , , days? yes. look, this was the first real _ days? yes. look, this was the first real test _ days? yes. look, this was the first real test of _ days? yes. look, this was the first real test of consumer - first real test of consumer sentiment following the budget. i think it's clear that the consumer still has a pulse. consumers are feeling optimistic about their personal finances. perhaps they're a little nervous about the economic outlook. but right now, they're feeling confident in their ability to spend. that's because inflation continues to ease. wage growth has been resilient. next year, minimum wage is going up. taxes are not going up, at least for many households. and i think all of this has really given shoppers the confidence to get out and go big this black friday. out and go big this black frida . �* , ., out and go big this black frida.�* ., , friday. but you say t

to walmart for groceries even though sales might have been up on percentage basis according to mastercardincome struggle cracks in the markets we have to see how that plays out always good to talk to you think for spefrt. >> thank you. >> all right. happy new year. >> gavin newsom is not onboard with trump's deportation plans reportedly planning to help illegal migrants california republican jessica milan, with take on what is going on in golden state next you are watching "mornings with maria" live on "fox business". ♪ ♪ ♪ .h and preservation. so you can invest with confidence. visit howard c.m. funds dot com. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. . >>> gavin newsom looking to become face every democratic resistance to president-elect t

especially on gifts, so much that retail spending went up in november and december according to mastercard. but to many people who received gifts would be returning them to the stores, nearly 900 million in goods. and who is feeling the brunt of it? shopping centers. kris van cleave got a look behind the scenes of a fedex office in alaska where they sort up to 80,000 packages per day. >> with the return rush, this is a period of time where people still have some anxiety, they want packages sent back and they need our help getting those back to the stores. >> you are getting returns starting christmas day? >> yes, you have to realize, we started shipping prior , yes we see it early. >> the national retail federation expects about 17% of purchases to be returned and those would peek right after christmas until about the first week of january but don't forget to check return policies as they vary from store to store. >>> holidays are meant for getting together and celebrating but the extra food and drink might also be bad news for your heart, it is referred to as holiday heart syndrome and it

>>> mastercard just out with new spending data. it says retail sales rose 3.8% from last year.y did very well. and i think you really saw it was encouraging a cross-section of apparel, toys, and electronics that did very well. i guess gift cards were also the big winner. it's been a trend for a few years now, and so we've seen some of these brands and the retailers that sell them like walmart and amazon had banner years. >> how does this compare to let's say last season? have the winners changed? >> i think they've been pretty consistent. you know, amazon and walmart were the dominant winners. target had a better season than a lot of people expected. you know, i think target fell behind a little bit in the online-offline integration race to walmart over the last few years. i think target is going to have a big comeback year. the department stores, you know, macy's didn't have a good season. and i think what we really learned this season as there are just simply some models and formats that don't work anymore and that people are spending, but they're really particular about wher

as we look at early data, mastercard, in store and online, grew 3.4% over last year.h adobe saying that that was up much more strongly for each of the days of the week, but in-store traffic looks a little weaker. sensormatic and retail next are estimating that fell by 8.2% and 3.2% respectively for black friday. as long as the sales come in, retailers don't care if it's in store or online, as long as you're shopping with them. david. >> courtney, thank you. >>> our next guest owns shopping centers and restaurants in several states across the united states. ray washburn joins us with what he's seeing on the ground. our viewers may recall, you have been less than positive at least for the trajectory of the consumer when you have come on with us in the past. has that changed at all in terms of what you're seeing in both your restaurants and retail locations? david, you know, our shopping centers around the country are luxury centers. 2023 was a flat year. 2024 was flat up until mid october, and the st time i was on your show was previous to that. i was somewhat pessimist

mastercard spending pulse says total sales grew 3.4%. overall traffic fell more than 3%.nline sales did hit a new report on black friday up 10.2% to $10.8 billion. now here at the home depot today, best sellers could include power tools or bathroom faucets or furniture. you never know if you are in the hunt you could found big deals on home depot. maybe your dad. we always had tools for my dad on days like this. back to you. >> home depot is not just tools and hammers, but they have plants and furniture. i'm pretty much -- >> reporter: rugs. >> washers and dryers. courtney, you mentioned different data on how well cyber monday is expected to be with the expectations there. how do amazon prime days in october and walmart deals in october impact sigh cyber monday. >> reporter: it is hard to figure it out. year after year, we keep hitting records for cyber monday. according to individual retail ers, like amazon which says it is a new record for them. adobe and salesforce tell us how big these days end up being. the october amazon prime days and other retailers glom on and do