the national retail federation says the top gifts this year are clothing, gift cards, and toys. about one in five shoppers has already completed most of their holiday buying. michael, i don't know about you, but i haven't even started my list. >> i'm way behind, but good to know that there's still a little bit of time.paw jers bradley, thanks. >>> and before the black friday shopping, it was turkey time. americans gathered with friends and loved ones to chow down and watch the world-famous parade in new york city. elise preston has a look at all the festivities. >> reporter: the massive balloons in the macy's thanksgiving day parade kicked off the holiday, baby yoda leading the way. >> we're so super excited. >> reporter: bluey, an australian cartoon character, was one of the new balloons this year. and plenty of old favorites made a return to the skies. >> i got my turkey hat. i got my turkey socks. >> reporter: for many it was the first big post-covid family event. >> it was kind of like hard during the pandemic, and now we get to enjoy it again. >> reporter: also enjoying the

the national retail federation says that it expects holiday sales to rise between 6 and 8% from last year. but that is a decline. when you factor in the effect of inflation. jane king reports from the nasdaq with today's thanksgiving day business report. >> it could be a challenging holiday season for retailers a year ago. consumer shop early and spent more to secure gifts, a store struggle to keep the shelves stocked shipping delays this year. however, major retailers including walmart and nike are swimming in extra inventory and consumers are splurging less on items like clothing and electronics as they pay more for groceries and things like dining out and travel. the national retail federation, chief executive matt shea told cnbc that americans are still eager to spend this holiday season but have become more cautious. and in some cases, he said they're dipping into savings accounts and turning to credit cards to pay for purchases. lower and middle income consumers are under the most pressure as groceryaenergy and housing costs rise. now, there are still factors working in retaile

black friday in full swing according to the national retail federation. more than 115 million people are planning to shop today and on one of the busiest shopping days of the year, amazon warehouse workers are expected to stage stripes and protests worldwide for better wages and conditions. to the markets, futures a little mixed ahead of this short trading day. fed officials do see smaller rate hikes coming soon. it's good news for investors but the s&p and nasdaq slightly lower and the dow just up very slightly. take a look at 10-year treasury yield and always gives us a clue of where the equity markets are going. up a little bit at 3.73%. take a look at bitcoin too with all the turmoil going on in the crypto world and bitcoin right now just holding steady around 16,469. by the way, the company that was hired to recover assets from ftx says they've managed to recover more than $740 million so far and elon musk says amnesty is coming for suspended twitter accounts but only those who haven't broken the law can qualify. musk may release internal twitter con

. >> reporter: the national retail federation predicts more than 166 million people will make purchases this weekend. the economy and inflation are top of mind, says katherine cullen of the national retail federation. >> we do know that many shoppers, you know, still say "it's important to me to spend and celebrate on holiday and holiday celebrations." that said, we're seeing a lot of consumers say "i need to make every dollar count." consumers, particularly at the lower and middle-income segments, are feeling squeezed. >> reporter: the national retail federation predicts that holiday sales will grow between 6% and 8% this year. in november and december, shoppers will spend between $942 and $960 billion. this holiday weekend, consumers are racking up more credit card debt. credit card balances rose more than 15% since last year, the largest jump in more than 20 years. >> i had to put stuff on credit cards. i had to pay for one of my, like, college classes on a credit card, too. >> reporter: but, it seems, gone are the days where people crowded into stores for black friday deals. >> actu

got. >> xavier walton with more. >> the holiday shopping marathon is off and running the national retail federation says this year more than 114 million shoppers will hit stores on black friday. just going get acquainted with the sales people. >> 53% of people surveyed by retail me not so they will be shopping on black friday and in stores but spending 8% less than they did last year. and 85% say that's because of inflation. people are valuing for despite inflation soaring to record highs, the national retail federation says overall holiday sales will top 2021 numbers by at least 6% pumping somewhere in the ballpark of 942 billion dollars into the economy. shoppers are trying to save every penny when you're shopping at somewhere like target, you can scan the barcode through the app. >> and it will show you that the regular price is 16. 99. but the online price is 10 82 so they will price match up at the counter. >> in the end, markdowns could bring us all hope for consumers and a stronger than expected economy, mainly to a successful day for retailers. the people that enjoy the black friday experie

shoppers clearly out looking for deals, the national retail federation said that sales started earlys year like they have in the past but they are going to go longer this year so retailers can move out all their inventory and one change this year, don, is that retailers are getting rid of free return shipping. that's been a big draw for folks looking to order multiple gifts. i'm going to be around on fifth avenue for a couple hours. if there's anything on your gift list you want me to check out in store, i can get that for you, but you have to return in store and you save on the return shipping, don. >> remember you offered as i'm texting you right now. >> reporter: short lists. i see those texts popping up. >> wait, debbie downer i need a moment. credit card interest rates are a record high. be careful what you buy. that and books on tape for you this morning. that's what i got for you. >>> a chilling real life experience of conspiracy theories. the fbi said a man believes congress is running a child slavery ring and made death threats s against official. we'll discuss that nexext.

the national retail federation estimates more than 166 million americans will shop this weekend up byillion people from last year. i'll speak to the ceo and president of the national retail federation in a moment for his perspective. >>> plus, he spent more than 12 hours floating in the gulf of mexico. this after going overboard from a carnival cruise ship. ahead details about the u.s. coast guard's incredible rescue mission. >>> let's begin this morning with alison inside the herald square macy's in new york city. alison, the predictions for today actually despite inflation are for a busy shopping day. folks out looking for deals i imagine. what are you seeing there on the ground? >> reporter: yes, definitely seeing lots of people in store here at macy's in herald square shopping for deals. not to mention they've been shopping online, too. just about everywhere. adobe analytics saying 64 million people in the first three weeks of november have shopped online and that doesn't include what is happening here in the store. let's talk about black friday. 115 million people just today blac

you want to be able to get just the right thing. >> the national retail federation predicts sales inl $950 billion. >>> and as we get ready to resume standard time and move those clocks back an hour this weekend, "reuters" says congress is split on whether we should stop that practice. the senate unanimously passed a measure earlier this year to make daylight saving time permanent, but it stalled in the house. legislative aides told "reuters" they do not expect congress to reach an agreement before the end of the year. daylight saving time has been in place in nearly all of the u.s. since the 1960s. >>> still to come, crashing back to earth. uncontrolled space junk is expected to hit our planet today. we're going to tell you your chances of being struck. i'm getting vaccinated with prevnar 20®. a pfizer vaccine! so am i. because i'm at risk for pneumococcal pneumonia. i'm asking about prevnar 20® because there's a chance pneumococcal pneumonia could put me in the hospital. if you're 19 or older, with certain chronic conditions like copd, asthma, diabetes, or heart disease or are 65 o

the national retail federation says about 666 million people will be shopping until cyber monday this us is matthew shay president and ceo of the , national retail federation, the world's largest retail trade association. is this going to be a normal black friday? matt: it is nice to see you. good afternoon and happy thanksgiving. i think what we will see this holiday season is something that is more typical of our pre-pandemic behaviors and experiences. the last two years were marked by concerns about the health environment, were marked by challenges with the supply chain and inventory levels. so this year i think we are in a better place in both of those categories. the health environment has improved, people are out and enjoying social gatherings. in terms of inventory levels and the supply chain, both have improved. i do not think we will have two little inventory, i think we will have about the right levels. i think we will see more promotional season, more consumers waiting until later in the holiday season to go out, hoping to get better prices and find holiday gifts later in t

that is according to a brand-new survey out from the national retail federation.pecting a record 166 million people to start shopping on thanksgiving day through cyber monday that is 8 million more people than last year, and it's also the highest estimate since 2017 when they began tracking the data matt shay, ceo of the national retail federation is joining us. it surprises me after what we heard from target this week, that consumer spending has really starting to deteriorate >> yeah, sara, good to see you it's a bit of a mixed bag. we saw the october retail sales numbers come out yesterday showing a 30th consecutive month of consumer spending increases so and we know that whole separate conversation about how the federal reserve feels about the resilience and consumer side of the economy but i am not sure it's inconsistent with what we're really seeing because we know that consumers are looking for value. we know that this is going to leave more likely to be a promotional holiday season, something more like 2017, a '18, '19, not like the last couple of years. co

you don't like in line for everything and getting a parking space is a lot however, the national retail federation says this year about 166 million people are planning to shop from thanksgiving day through cyber monday. it's about 8 million more people than last year. a survey they released shows the top reasons people plan to shop our because the deals are too good to pass up. and it's a tradition for many. just reminds me of the holidays. it just gets me excited for it. yes. like the transition from thanksgiving to christmas. so it's fun. seeing all the nice to get ready for the holidays and this like funds get good deals. you know, in spite of inflation front for spotted a majority of people at stoneridge shopping center with at least one shopping bag. >> the national retail federation, ceo predicts that they'll see a record number of shoppers this weekend in pleasanton camila barco kron. 4 news. >> coming up next, amazon workers around the world hit the picket line as the company is dealing with one of its busiest shopping days of the year. what employees are demanding and a chance to come tog

>> the national retail federation is projecting a record breaking shopping season, despite inflation.opping and americans are going into more debt on their credit cards, 15% more this year than last year. we wanted to see are shoppers still expecting to spend big this holiday season? we went to find out. on this year's holiday shopping menu, more sales but with a healthy side of inflation. >> cutting off your circulation. >> i'm going crazy. >> reporter: denise is in the middle of her holiday shopping in wayne, new jersey. >> this is for my mom. i got stuff for my kids and my niece. and oh my god. >> reporter: but this year is wish list is looking a little different. last month inflation cooled but was still running hot at 7.7% year over year. >> i had to cut back on shopping because things are too exp expensive. i do have three girls. they do understand that times are hard right now and it's just me being a single mom. >> reporter: despite high inflation, the national retail federation estimates nearly 8 million more people will shop between black friday and cyber monday and spend up

you don't like in line for everything and getting a parking space is a lot however, the national retail federation says this year about 166 million people are planning to shop from thanksgiving day. there's cyber monday. it's about 8 million more people than last year. a survey they released shows the top reasons people plan to shop our because the deals are too good to pass up. and it's a tradition for many. it just reminds me of the holidays. it just gets me excited for it. yes. like the transition from thanksgiving to christmas. so it's fun. seeing all the nice to get ready for the holidays and this like funds get good deals. you know, in spite of inflation front for spotted a majority of people at stoneridge shopping center with at least one shopping bag. >> the national retail federation, ceo predicts that they'll see a record number of shoppers this weekend in pleasanton camila barco kron. 4 news. you never know what you're going to find. meanwhile, over at the hills day shopping center in san mateo, thanks for big quiet this morning. >> we spoke with the director of the mall and here's what

the national retail federation said it expects holiday sales to rise between 6 and 8% from last year. that's a decline when factoring in the effect of inflation jane king is at the nasdaq. she's got today's thanksgiving day business report. >> it could be a challenging holiday season for retailers a year ago. consumer shop early and spent more to secure gives a store struggle to keep the shelves stocked shipping delays this year. however, major retailers including walmart and nike are swimming in extra inventory and consumers are splurging less on items like clothing and electronics as they pay more for groceries and things like dining out and travel. the national retail federation, chief executive matt shea told cnbc that americans are still eager to spend this holiday season but have become more cautious. and in some cases, he said they're dipping into savings accounts and turning to credit cards to pay for purchases. lower and middle income consumers are under the most pressure as grocery energy and housing costs rise. now, there are still factors working in retailers favor. that's

the national retail federation says this year more than 114 million shoppers will hit stores on black just going get acquainted with the sales people. >> 53% of people surveyed by retail me not so they will be shopping on black friday and in stores but spending 8% less than they did last year. and 85% say that's because of inflation. people are valuing for the acts. >> despite inflation soaring to record highs, the national retail federation says overall holiday sales will top 2021 numbers by at least 6%. >> pumping somewhere in the ballpark of 942 billion dollars into the economy. shoppers are trying to save every penny when you're shopping at somewhere like target, you can scan the barcode through the app. >> and it will show you that the regular price is 16. 99. but the online price is 10. 82 so they will price match up at the counter. >> in the end, markdowns could bring us all hope for consumers and a stronger than expected economy may lead to a successful day for retailers. the people that enjoy the black friday experience. it is an experience. it isn't. you know, yes, i can pro

they found it and they were out in just a couple minutes now, the national retail federation estimates a record 166 million people will shop from thanksgiving day to cyber monday. that's eight million more than last year and the highest estimate since they began tracking this data five years ago. today is expected to be the busiest of those five days with 115 million shoppers. for many retailers, they've expanded their deals online and they've been doing these wheels deals all week long taking away the need for people to wait out in lines and rush the stores early, but then in that nrf survey, a majority of black friday, shoppers said they still plan to shop in stores instead of online. i spoke to the first person in line here this morning. said he'd rather see things in person before buying them. i looked on the website a little bit. i see that that st i don't know. i'm just keeping all the money that they have heard, like. apparently they have, like coupons like first people come, so i don't know about you utilize it, but i don't know. some shoppers used to start this tradition thank

the national retail federation estimates a record 166 million people will shop from today through cyber monday. cbs's jonathan vigliotti takes a look at how small businesses are preparing for the super bowl of shopping in tonight's "money watch." >> here is the original monopoly game. >> reporter: store owner don queen is gearing up for the holiday rush by stocking his shelves with toys from the past. >> how is your small business doing this holiday season so far? >> well, it looks more prosperous than last year. >> reporter: a recent survey shows 63% of small retailers expect to see higher profits this holiday season. and it's estimated more gift buyers are likely to shop on small business saturday than black friday. the annual event dedicated to small businesses is a welcome relief for mom and pop stores that can't compete with sales at big box retailers. >> black friday doesn't really o much for me because everybody's expecting 50% to 80% discounts on things, which i can't offer. >> reporter: that's because small stores often have little wiggle room to make a profit. boutique owner d

away if this is a low price or if this is a high price based on historical pricing, the national retail federation says businesses have started their black friday deals earlier than in years past. as shoppers. concerns over inflation has sparked their desire to buy before prices rise. a recent survey found that 80% of holiday consumers plan to shop during the black friday. cyber monday weekend nearly 10% more than last year, and they plan to spend 50% of their holiday shopping budgets this weekend. but is it better to shop in store or online? experts say prices will probably be the same , but there may be a better selection online. but don't just buy because it's a good deal. don't take a price at face value . you're going to see great prices everywhere. everything is going to look really exciting. stop take a beat. check your list. is this something that you need and then do a little digging to find out if you're getting a really great deal. shoppers may want to hold off on buying some specific categories like winter clothes, toys or anything holiday themed experts say you may find better prices

. >> reporter: the national retail federation estimates that nearly 8 million more people will shop betweenck friday and cybermonday, and spend up to 8% more this year than they did last year. >> we're looking at records in all categories. the pressures that consumers are still finding a way to power the economy, drive economic activity. >> reporter: last month, retail sales beat expectations, up 1.3% in october. but this month consumer sentiment fell, still higher prices haven't stopped some people from shopping. >> has that impacted the way you're going to spend this holiday season? >> for me, not really, because i try nod to overspend anyway, so even before this has been going on, i try not to exceed what i can do. >> reporter: according to the national retail federation, while online sales are expected to increase this year, a return to in-store shopping will make up a larger portion of all holiday sales. >> i kind of like in person more. >> reporter: why is that? >> just more of the feel of trying to touch it, feel it, and then become amongst everybody else. >> reporter: it's that holi

national retail federation ceo matt shea is here now to give us an idea of what's happening. great to see you, matt. happy holidays. how is it looking in general for the retail sector for the holiday season? >> well, david, it's good to see you too, happy thanksgiving. we've had 31 consecutive months of increased retail sales on month over month basis going back to the beginning of the pandemic. sales continue, the october numbers with strong 8% growth over 2021 and it's showing up in the way that consumers are forecasted with a 60% growth this year on top of last year's growth and there's a lot of energy in the consumer sector and consumers are still finding ways to spend and retailers are delivering great deals and opportunities especially on a weekend like this one. david: matt, i don't want to rain on your parade but on the other hand i have to point out facts and the biggest thing looping is the worry about a recession. a lot of people are worried about it and it does seem to be holding some re-consumers backa bit and people like jeff bezos warning consumers maybe now is

. >> reporter: despite high inflation the national retail federation estimates that nearly 8 millionle will shop between black friday and cyber monday and spend up to 8% more this year than they did last year. >> reporter: looking at records in all categories. it is remarkable in the face of cost and price pressures that consumers are still finding a way to increase their spending, power the economy, drive economic activity. >> reporter: last month retail sales beat expectations. up 1.3% in october. but this month consumer sentiment fell. still, higher prices haven't stopped some people from shopping. >> reporter: has that impacted the way you're going to shop this holiday season? >> for me, not really because i try not to overspend anyways so even before this was going on i try not to exceed what i can do. >> reporter: and according to the national retail federation, while online sales are expected to increase this year, the return to in-store shopping will make up a larger portion of all holiday sales. >> i kind of like in person more. >> reporter: you do. why is that? >> i don't k

. >> reporter: the national retail federation estimates that nearly 8 million more people will shockack friday and cybermonday and spend up to 8% more than last year. >> we're looking at records in all categories. it's remarkable in the face of the pressures, that consumers are still finding a way to drive economic activity. >> reporter: last metropolitan, retail sales beat expectations, up 1.3% in october, but this month, consumer sentiment fell. still, higher prices haven't shopped some people from shopping has that impacted the way you're going to spend this holiday season? >> for me, not really. i try nod to over-spend anyway. i try not to exceed what he can do. >> reporter: according to the national retail federation, while online sales are expected to increase, a return to in-store shopping will make up a larger portion of all holiday sales. >> i kind of like in person more. >> why is that? >> it's more the field of trying it on for the stores that you're allowed to, and then being amongst everybody else. >> reporter: it's that holiday nostalgia that willowbrook mall will help

the national retail federation says americans are expected to spend 8.5%-10% more than last year. >> it cost that much. >> good point. >> that is annoying. november is native american heritage month. it is time to honor the rich culture of indigenous people. in berkeley, a bow is underway to protect a 6000-year-old historic site that is sacred. it is a fight over the west berkeley shell amount which is between hersen university and second-fifth. the kinsey has this report. >> i had no idea. most of the people in berkeley had no idea. [drums] >> the west berkeley show mount is the oldest known archaeological site or historic structure of any kind in the bay area. >> for the last almost six years, we have been fighting to preserve and protect the site. but a private developer wants to own this land and to build on top of it. as -- these native american people have been here since the beginning of time. we also need housing for our people but this is not the place for it. this place should be open for everybody in the bay area to know about our people. it should be a prayer that has alw

the national retail federation says the top gifts this year will be clothing, gift cards, and toys. they say that one in every five shoppers is nearly done with their holiday buying. amanda, i don't know about you but i haven't even started. >> i finished yesterday. we all have this debate in our newsroom about when you should start shopping. a lot of people are shopping online. are you seeing curb side pick up as a new trend for people? >> reporter: yeah. that's a big part of black friday now. online order pick up. i was talking to employees at this store. they said after midnight they saw ten times usual number of orders they would get and that was just the beginning. they expect to get them all day. that flood of customers will be coming to pick up the packages. one of the things about a hybrid environment with brick and mortar is they hope that as people pick up the boxes, they might see something else and take it home with them. lots of shoppers at the stores. >> exactly. it's a good day to spend our money. thank you so much. >>> let's look at the top stories. parents of a stan

the national retail federation says there's been 26.5% jump in re retail. >> and a couple weeks ago, target reported their earnings and they lost $400 million, on pace to lose $600 million from theft and what was amazing to me about it, target is known for having the best shoplifting laboratory in all of retail. they could stop it. no other retailer could do better than them. and they know how to do it, but wonder why they're not doing it. >> this is a cause and effect issue. the cause is we have no bail laws, we have liberal da's who will not prosecute shoplifters. >> and when they report shoplifting, a lot of times police don't respond. large chain clothing stores, some of the largest chains are closing because of theft and the bottom line for consumers, prices are going up because of what's happening with the shoplifting tleft. charles: target closed 140 stores and to your point they're suffering. my old neighborhood, i found out the rite aid shut the whole store down because of shoplifting. and that's a rite aid, they need the medicines. that's a tough crime. and i had a woman on

supposed to be a record weekend for both in store and online shopping according to the national retail federation. they say 166 million people will shop this black friday through cyber monday. deloitte says the average shopper will spend about $500 between now and cyber monday. that's a new record and 12% increase from last year. but, you mentioned inflation because of it, your money is not going as far, even though we are spending more in terms of the dollar amount, the average shopper is buying seven fewer gifts compared to a year ago, you are not getting as much bang for your buck, and shoppers on the mag mile tell us finding a good deal this year is more important than ever. >> we were just, as we were shopping and walking, we were just talking about inflation and how it's really affecting everybody. >> personally i only got a summer job and baby-sitting gig, i don't make a lot of income. prices have gone up, i don't appreciate it but got to make due with black friday. >> shopping anyway. >> shopping, yep. >> all right. >> since so many people are scouring for deals, depending what you are lo

national retail federation predicts nearlya big it is engrained into the culture and folks expect to have big discounts. >> reporter: experts say online shoppers are finding plenty deals because retailers are trying to move merchandise. pandemic related supply chain shortages eased this year. a lot of stores received extra stock and are willing to cut prices. >> cyber monday is going to be the best sale day of the season. >> reporter: over the weekend, adobe analytics saw discounts around 15% on apparel, 24% for electronics, 34% off toys. >> for cyber monday we are expecting discounts as high as 32% on computers. if you are looking to get a computer, today is the day. >> reporter: there is good news for procrastinators who miss out on cyber monday. he expects good deals for computers and other items will continue into december. jared hill, cbs news, new york. >> i had to stop looking at my phone. every e-mail it feels like is another day. oh you can't miss out on this. it can get very dangerous. >> you and me both. i was just looking at my e-mail, scrolling through. on the bright side

the national retail federation said an estimated 166 million people are planning to shop from thanksgiving day through cyber monday. that is almost 8 million more than last year. the nrf believes consumers want to get into the holiday spirit after missing out during the pandemic. >> they may be dipping into savings. we know that some households built up a fair amount of savings through the pandemic and stimulus programs. >> this could be the busiest holiday shopping season since they started tracking in 2017 despite inflation, growing recession fears and soaring interest rates on credit cards. >>> on this wired wednesday we are prepping you for black friday just around the corner. past years told us it can get overwhelming. here to break it down and for some tips to think about heading into it is the video host and producer at cnet. thank you for being here. happy early thanksgiving. >> thank you for having me. we have to get through thanksgiving but black friday kids and cyber monday. which is better in terms of deals. >> if you are waiting for cyber monday, don't do that. that's basicall

. >> reporter: despite high inflation, the national retail federation estimates that nearly 8 millionople will shop between black friday and scyber monday and spend up to 8% more this year than last year. >> it is remarkable in the face of cost pressures that consumers are still finding a way to increase their spending, power the economy, drive economic activity. >> reporter: last month, retail sales beat expectations, up 1.3% in october. but this month consumer sentiment fell. still, higher prices haven't stopped some people from shopping. has that impacted the way you're going to spend this holiday season? >> for me, not really because i try not to overspend anyway. so even before this is going on, i try not to exceed what i can do. >> reporter: and according to the national retail federation, while online sales are expected to increase this year, a return to in-store shopping will make up a larger portion of all holiday sales. >> i kind of, like, in person more. >> reporter: why is that? >> i don't know. it's just more of the feel of being able to touch it, become able to see it, t

now, on saturday alone, the national retail federation estimated more than 60 million people, i should say 60 million people will be out there shopping. and they're also noting an increase in the amount of people that will be shopping in store. obviously, post-pandemic, that is a significant difference both for big business and small business. today is small business saturday. 67% of shoppers expect to do their shopping in person. another big increase from the previous year. i've been speaking to people here and asking them about what you said at the beginning, which is of course the economy very much in the back of people's minds as they're going through their shopping list, buying those gifts and looking for sales. >> we're a little worried about inflation and hoping to get some sales. >> everything's gone up this year. i think as we go out and look for gifts we're really mindful of how much even the thanksgiving, you know, was so much more expensive. >> reporter: so, people definitely thinking about it, definitely considering it as they make their way around thor to store bus also o

the national retail federation expects 166 million americans to shop this weekend. rly 8 million over 2021 numbers, welcome news for retailers who are hoping to combat higher prices with bigger deals. many stores rolling out discounts, though, much earlier to try to draw you in. alison kosik is live at macy's in new york city. looks like a fair amount of foot traffic. are they buying? >> reporter: it looks like they are, erica. there is a lot of foot traffic and i see a lot of people holding multiple bags, so, yes, it looks like at least at the macy's in herald square they are buying. you mentioned 166 million shoppers over the long holiday weekend. of those millions of shoppers, 115 million will just shop today across the u.s. amazing when you think about it and a good portion of them, more than half of those will actually shop in stores. but inflation as you mentioned, that really remains a huge focus for shoppers. they're trying to balance, well,

the national retail federation expects more than 166 million americans will be shopping this weekend.hat's an increase of about 8 million over last year. cnn's gloria pazmino is at the herald square macy's in new york city. what are you seeing today? >> reporter: we have been seeing crowds gathering in front of that door to head into macy's this morning. the doors opened up an hour ago and there was quite a bit of a crowd waiting to get in. now, black friday was yesterday, but the reality is that it's really become a season, like you said, the holiday shopping season and those deals, the sales that people are hunting for are stretching far behind just that black friday day. now, we were looking at the numbers that you mentioned, the national retail federation put out, and on saturday, today, they are estimated that more than 60 million americans will get out there to do that holiday shopping and not only that. but many of them plan to do it in store. there is an increase of 67%, up from the previous year, where there was just 64%. still coming out of the pandemic, people still being c

according to the national retail federation, an estimated 166 million people are planning to shop thanks giving day through cyber monday but that is almost 8 million more than last year. >> people want to make it happy and they want to do whatever they can to make sure that the family has a goodtime. >> experts say shoppers will be more strategic when it comes to looking for deals and comparing prices. i also think that some might even dip into their savings, and cut back on other things to get those special gifts to the people they love. >>> thanks so much for watching, the news continues streaming on cbs news bay area. announcer: it's time to play "family feud." give it up for steve harvey. steve: welcome to the show. [captioning made possible by fremantle media] how y'all? i appreciate that. thank y'all. appreciate that, everybody. yeah, i do. well, welcome to "family feud," everybody. i'm your man steve harvey... [cheering and applause] oh, we got a good one for you today, everybody. returning for their second day with a total of $20,000, from one of my favorite it's the champs--it's

now, according to a survey released by the national retail federation, the top reason people plan to shop is because the deals are too good to pass up, followed by tradition and a majority of people that i've spoken to today say that's the reason why they're here. well, it's kind of fun for the holidays to wake up and get going. it's like. >> i think people don't black friday shopping more. and i wanted to say do it just for the memories. you know, to me was special about black friday. just like it's nice to get ready for the holidays and this like funds to get good deals. you know? >> now the director of marketing here says stores are offering deals and she's expecting a lot of foot traffic this year, according to the national retail federation, about 166 million shoppers are planning to shop from thanksgiving day through cyber monday. the here and that's about 8 million more people compare it to last year. and sara right now, like i said, consistent but traffic here at stoneridge shopping center. the director marketing tells me the peak hours or about noon to 06:00pm. i'm not seein

the national retail federation predicts 64 million american is big deal because it was engrained in the culture. folks expect big discounts on that day. come because a lot of reta are trying to move merchandise. when the pandemic-related supply change shortages eased, a lot of stores ended up with extra stock and they are willing to cut prices. over the weekend, there were 54% on electronics and 34% off toys. they expect as high as 32% on computers but if you are nod ready to pull the trigger. don't worry. the analysts expect the good prices to last into december. >> i got a toaster and a vacuum. >> i think we could "jeed" that off. >> anyone what says that is my friend. ann, thank you. >>> some have been prepared for cyber monday all year round. 150,000 people globally have been hired to handled demand. and a lot of us are settling in after the holiday, and airports are seeing busies of e year. is lireing 00rs passing through in the last week or so, more than 80% of what the airport used to see before the pandemic. this is a live look at oakland international whereas many as 376,000 pa

according to new numbers released by the national retail federation more than 196 million but somethingr in a store or online between thanksgiving day and cyber monday. that is up more than 9% from last year. but, some small businesses are still facing tough times. over the weekend, we profiled a book shop on walnut street still struggling for survival after a barnes & noble recently opened down the block. we checked back with flashlight books today, they said well our story generated extra sales it was not as much as they hoped for. hopefully, things will happen more for them before the holiday ends. >>> thanks for watching or reaming on cbs announcer: it's time to play "family feud"! give it up for steve harvey! [captioning made possible by fremantle media] [cheering and applause] steve: how y'all? thank y'all, everybody. i appreciate that. yeah, i do. thank you. appreciate it,verybody. well, welcome to "family feud," everybody. i'm your man steve harvey. [cheering and applause] got a good one for you today. returning for their 4th day, with a total of 20,890 bucks, from memphis, tenn

still, the national retail federation is pretty upbeat about how this holiday shopping season will end up, saying that they believe that americans will spend 8% more than last year, adding up to 940 to $960 billion for the months of november and december. victor? >> people still spending that money. amazon -- let me ask you about this -- the biggest online retailer facing some strikes and protests at the start of the holiday shopping season. what can you tell us about it? >> reporter: the tradition on black friday is usually just to go out and shop. the tradition for a lot of amazon workers is to protest and strike. they're calling this a global day of action. this is happening for the third year in a row. amazon workers not just here in the u.s. but in 30 other countries are protesting. they're demanding better pay. they're demanding better working conditions. they're specifically adding safety at warehouses and fulfillment centers. that is one of key issues. the idea here is to have this one big global event on a day that is really focused on shopping, the very essence of what happen

the national retail federation is expecting shoppers to, you know, spend more money just like everything more money but tours will trend is giving us a firsthand look at that showing us what people are buying morning. well. >> good morning, james and sarah shoppers are often running. but the question is how fast they will run and how long they will run is up in the air. in other words, how much they will spend retail experts. they're scaling back some of the high hopes because of the recession possibly looming ahead as well as inflation. but let's face it. shoppers will be shoppers. let me show you some video. they arrived very early. they set their alarms. in fact, macy's. they open up at the hillsdale shopping center at 6 o'clock in the morning. and by the way, each store, they have their own hours. but at macy's, they open up at 6 o'clock in the morning. so we are a handful of people coming in looking to buy for family and friends are for themselves. got a chance to talk to some shoppers. sarah and james, here's what they had to say about how much they plan to spent. >> i budgeted and

. >> despite the slow business they saw today, the national retail federation expects 166 million americanswill take advantage of the deals this weekend. that means on the whole, people are still spending a lot of money this holiday season despite high inflation. retail sales were up about a percentage point in the past month, and more people are expected to spend money today than black friday. >>> it's not all good news. as more americans will be using their credit cards to cover expenses, economists say that u.s. credit card debt is growing at the fastest pace that it's been in over 20 years. so is adding to that debt ever a good plan? >> absolutely not. if you have to put it on a credit card that you can't pay off the next billing cycle, then you should not be buying that gift. >> more and more people are also using buy now, pay later services like afterpay and affirm for holiday shopping, but experts say it's easy to miss payments and be hit with fees. the the founder of san francisco-based tummo credit has this message for shoppers. >> when you're tempted to click the buy now, pay late

. >> we continue survey conducted by the national retail federation found 26 and a half percent increase in organized retail crime in 2021, that type of products they're targeting are really the ones that we need on the shelf. most. amanda daulton with a northwest grocery association says often times these are household necessities that can be resold like baby formula and laundry detergent. >> and now stores are taking things into their own hands to the chagrin of some shoppers. everything is now behind glass just like lama. this is becoming the new normal as stores attempt to protect their wares by keeping them locked away inside glass cases. >> other stores like apple, walgreens and jc penney are doubling down on surveillance systems and heightened security. the company target claimed on an earnings call earlier this year. it had lost 400 million dollars in profits. thanks to organize shoplifting. dalton says inevitably the losses will be felt by the everyday on a shopper. we're always trying to keep grocery prices down, but we operate on a one to 2 margin. and so i can't help but be a

the national retail federation expects half the country more than 166 million people to shop from thanksgiving cyber monday. black friday shopping may look less crowded this year, but it's still a really big day for retailers with about 115 million consumers. expected in store and online. in washington. lauren blanchard, fox news more than 15,000 people participated in today's silicon valley, turkey trot today was the first was hen person since the pandemic began . but it was the 18th year for this trod in downtown san jose. thanksgiving tradition has raised more than $11 million in support of a area charities. well you hear a lot about flights and road trips over the holidays, but cruising, making a big comeback as well coming up, people in the industry open up about bouncing back from the pandemics. tough times. and some people got in the spirit of thanksgiving while also getting a jump start on working off their holiday m if you run a small business, you need the most from every investment. that's why comcast business gives you more. more innovation... with our new gig-speed wi-fi, plus unl

you don't like in line for everything and getting a parking space is a lot however, the national retail federation says this year. >> about 166 million people are planning to shop from thanksgiving day. there's cyber monday. it's about 8 million more people than last year. a survey they released shows the top reasons people plan to shop our because the deals are too good to pass up. and it's a tradition for many. it just reminds me of the holidays. it just gets me excited for it. yes. like the transition from thanksgiving to christmas. so it's fun. seeing all the nice to get ready for the holidays and this like funds to >> get good deals. you know, in spite of inflation front for spotted a majority of people at stoneridge shopping center with at least one shopping bag. >> the national retail federation, ceo predicts that they'll see a record number of shoppers this weekend in pleasanton camila barco kron. 4 news. >> and a reminder now that the chp has maximum enforcement period runs through this weekend. this is the time when the agency increases the number of officers on the roadways keeping an e

you don't like in line for everything and getting a parking space is a lot however, the national retail federation says this year. >> about 166 million people are planning to shop from thanksgiving day through cyber monday. it's about 8 million more people than last year. a survey they released shows the top reasons people plan to shop our because the deals are too good to pass up. and it's a tradition for many. it just reminds me of the holidays. it just gets me excited for it. yes. like the transition from thanksgiving to christmas. so it's fun. seeing all the nice to get ready for the holidays and this like funds get good deals. you know, in spite of inflation front for spotted a majority of people at stoneridge shopping center with at least one shopping bag. >> the national retail federation, ceo predicts that they'll see a record number of shoppers this weekend in pleasanton camila barco kron. 4 news. >> and continuing our coverage of black friday is kron four's will tran. he reports from the hillsdale shopping center where he spoke with shoppers looking to snag a deal. >> the earlier the bet

. >> despite a slower black friday, the national retail federation still thinks we are going to see an increase in shopping over the weekend when you compared to last year. track mom-and-pop shops are hoping for a lot of foot traffic tomorrow for small business saturday. >> it's incredibly important that we see our customers and they get back in the habit of coming out and supporting local small businesses. >>> at 7:00, how small businesses in the ebay have been getting ready fy experts say their work will pay off. >>> big crowds and a big police presence at san francisco 's union square. mayor london breed promised more police and investors to try to stop those smash-and-grab robberies we saw last year. it seemed to have worked with no reports of major fifth so far and a decent turnout of shoppers. the state has also stepped in when it comes to shopping safety. the chp is patrolling malls this holiday season to try to crackdown on organized retail theft. >> reporter: the chaos of a mall parking lot of black friday is best showcased from above . with every car wind up to the next , the

a record 196.7 million americans dug into their wallets, according to the national retail federation's-store shopping, while 77 million people shopped on line on cyber monday with a record number using their mobile twice. -- mobile device. 90% of weekend shoppers said they felt the deals were the same or better than last year. >>> that's your cbs "money watch" report for this wednesday morning. i'm dan lieberman, cbs news, new york. >>> up next, border battle. the supreme court hears a challenge to the biden administration's deportation policy. this holiday season save big on all the gifts you need for the gifts that keep on giving. because while they have no idea what's going on here... -hi. -...a little something of their own will get them in the spirit. they don't know why you'd ever leave the house like this... but they'll happily hold down the fort while you're gone. -smiles! -and let's be honest, they'll never understand this whole situation... but they do get this. thank goodness. great prices. happy pets. chewy. dancing is everything. soccer is the best. but her moderate to sev

reporter: despite rising food and gas prices, the national retail federation estimates 8 million morehoppers than last year will take advantage of deep discounts. you also have more time than ever to score a deal. >> you can play a game of chicken if you are willing. the retailer may lower the price throughout the holiday shopping season. this is very unusual. it happens when the economy is rough. it happened during the recession for example over a decade ago. reporter: while more consumers still prefer to spend in on black friday, the online deals are growing for a reason. >> part of it is honestly because the retailers made it that way. they want you to be on their websites at all times because you might get a great deal. it's exhausting. g baaion items in the bes certain categories. >> black friday and cyber monday are typically the best deals o'. it used to be that the best time was in march. retailers have figured out that's what gets you in the door. you are going to want to buy the buy one get one free dvd and maybe you will buy some thing else. tools tend to go on sale. clothi

partly as we heard from the national retail federation saying a record number of holiday shoppers did show up in both stores and online between black friday and cyber monday. investors are looking ahead to a wednesday speech from the head of the u.s. federal reserve. it mixed close for the major european indices as well. the ftse 100 gaining about .5% in london despite testimony from the governor of the bank of england, who said the government bond market has yet to return to normal following the failed many budget and the bank's emergency intervention at the end of september. germany was among the eu member states most depended on russian natural gas before the war in ukraine. it has been trying to broker its own deals to ensure its energy security going ahead. on tuesday, if finalized deals to import liquefied natural gas from qatar in the coming years. >> after months of negotiations, the deal was finally shook on. on tuesday, qatar confirmed it would start supplying germany with liquefied natural gas as berlin seeks to diversify its energy sources. >> these agreements are momentou

the national retail federation, chief executive matt shea told cnbc that americans are still eager toholiday season but have become more cautious. and in some cases, he said they're dipping into savings accounts and turning to credit cards to pay for purchases. lower and middle income consumers are under the most pressure as grocery energy and housing costs rise. now, there are still factors working in retailers favor. that's going to an arrest. chief economist consumers built up savings during the pandemic and the labor market is still strong, which may make them feel secure enough to keep spending consumers plan to spend an average of $832 on gifts and holiday items such as decorations and food this year, according to the national retail federation, that's roughly aligned with the last 10 years. but the amount may buy fewer goods this year because of inflation from the nasdaq market site. i'm jane king with your thanksgiving day business report. >> well, still ahead, the manhunt continues for an additional suspect involved in the fatal shooting death. a kron 4 security guard kevin n

big show ahead as always, national retail federations matt shay, louisiana senator bill cassidy, joe concha and will cain are all here today. it is monday, november 28. "varney" & company about to begin. ashley: all right let's get right to this. the protest protests erupting, good morning to you, lauren. give me the very latest from what's going on in china. lauren: it is unprecedented, and we haven't seen anything like this since 1989, ashley, so the catalyst seems to be an apartment fire that was last week. ten people died. many speculated that part of that city where the building was had been under lockdown for 100 days and they think these barriers setup that hindered the fire trucks from arriving and people died. not from covid, from the fire. we saw protests spread to many cities including beijing and shanghai over the weekend. large crowds of peaceful protesters gathered and they held these blank sheets of paper that had become a symbol of this protest. the blank sheets are meant to evade the sensors. police are patrolling the streets today. you do see heightened security. we

the national retail federation says supply chain issues are a problem like they were last year, but staffingrtages do remain a problem. oy insider has come up with a list of gifts to help consumers by the hottest stories for children this christmas without breaking the bank. it's hot 20 list includes the v tech level up gaming chair, the ruckus fx and the addison rae musical fashion doll. now the list has 12 toys. under $20. some include the express my feelings journal from hand to mine and also playful foam natural. we do still have a couple of weeks left and ktvu 20th annual one warm coat drive. if you have a gently worn coat or jacket that you'd like to donate the bay area families just take into any participating ups or big oh tire store. there are dozens of drop off sites around the bay area. just visit ktvu dot com slash one warm coat for a list of those locations. or you can scan the q r code there on your screen. the one warm coat drive runs through december. 4th. countries participating in the world cup needed another incentive. a today. all right. we'll get you squared away for you