looking at the trend over the past year, you can see the cnbc nrf data has been gradually slowing asrend that the government's been reporting and surprising strength among the consumer and we're still up, but not as much as the government has and let's take a look at the sector retail, and by the way, this is the comparison. you can see that the nrf data, is a lot less volatile than the government even though these are both seasonally adjusted and you'll see that the gas station sales are negative, and furniture and home furnishings is negative and strength in personal care and strength in sporting goods and hon hobby and music. we'll have to morn tor this to see if october weakness is better or worse than holiday spending. maybe, kelly, a bad halloween means a merry christmas? i don't know. >> it's underarmour, kohl's and the data you're highlighting is the kind of data that hedge funds and different types of prak practitioners have been reliant on. >> we know that for a fact. affinity solutions is maybe the number one provider for wall street. >> thank you for letting us all in. >>

matt shay of the nrf. >>> wall street on "sports illustrated" reportedly fake editorial staff.found several of the celebrated magazine's articles online were generated by ai complete with author bios. "sports illustrated" has opened an internal investigation into the matter and published a statement on x saying, quote, the articles in question were product reviews and licensed content from an external third party company. a number of the e-commerce articles ran on a certain arena website. we monitor our partners and are in the midst of a review when these allegations were raised. >> it says a lot more about how internet media today aggregates a lot of stuff. it's sort of third party content partners and i guess you have to have a closer eye on it. >> ai can't come for our journalistic jobs. >> not yet. maybe that's what we are right now. >> ai-generated. not a bad rally, mike. >> back to last week's highs. >> that's it for us. now back to scott and "the halftime report." >>> thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the fate

the cnbc nrf retail monitor powered by affinity solutions launches in october with a decline of 0.8%. gas month on month, 0.23, year-over-year, core retail minus 0.3 versus a positive near 1% last quarter. let's look at the trend over the past year. you can see that it's been coming down, which is, by the way, a little bit counter to what we're getting in the census data, which has remained split strong. the data actually bucking the trend of the government data which is showing surprising strength. looking further at the data here, what you can see is that gasoline stations down 1.67. that's what you'd expect. appliances down 1.38. furniture and home also down as well. sporting goods and non-store retailers as well as health care that was up as well, those three sectors doing well. guys, joining us now we have with us max shay, president and ceo of the national retail federation, and john than silver founder and ceo of affinity solutions. jonathan, i want to start with you because during this process of creating this monitor, finding out what you guys did was one of the most interest

according to recent data from the nrf, u.s.holiday season, up more than $40 from last year. retailers are still issuing pretty cautious guidance. joining me is mall owner ray washburn, charter holdings ceo, also the chairman of sunoco. good to have you back on. remind us where in the country your malls are, and what you're seeing right now. >> sure, thank you for having me on. our shopping, we have luxury shopping centers in dallas, charlton, north carolina, aspen, wikiki beach, and so we're spread across the country. we have a pretty good observation as to what the consumer is doing. >> and what are they doing? hue much are they spending relative to previous years? >> this is the fourth year i have been on a black friday, and this is the most pessimistic we have been. neiman marcus announced yesterday their sales last quarter were down 8%. we're hearing that from luxury retailers, a lot that were expecting to grow stores next year in 2024 had to push their growth back to '25 and '26 because their consumer is really starting to

survey of top expert and they say holiday sales up almost 9%, which is a whole lot more double what the nrfillion today alone just online and 6% increase compared to last year and that is on the heels of cyber black friday and 9.8 billion in spending online on black friday and that's increase of almost 8% and easier for people to buy online and the experience has improved, listen. >> the other thing that's changed the industry is the speed of delivery. you buy a printer that morning and gets delivered to you that afternoon. that's been an incremental thing. like it's sort of happening behind the scenes, but it's a common thing now. reporter: we're also spending more and not just -- you remember, stuart, when black friday started, it was because you came back from thanksgiving holiday and got to your work computer and bought things online from work at that computer, which you might not have had at home. now we buy it on our mobile phone. $3.3 billion on thanksgiving day alone, up 14% people buying stuff on their phone. i just remember the good old days of going to the salvation army and get

the nrf, national retail federation, has come out to say that 50% of u.s. are expected to spend online this holiday season and those online shoppersper expected to spend ny double than that of in-store customers, kohl's and lowe's, they don't have optimal online experiences and in the short-term and long run that's really hurting them. cheryl: certainly, again, getting to those customers for the holidays is going to be -- i think it's going to be a big fight. you mentioned amazon in the last blog. amazon seems to be taking a big hammer to a lot of these names in general. angelo, the big story, the big party after the bell with nvidia. the stock closed at an all time high yesterday. it's up this morning, slightly. what did you say about nvidia in the commercial break? >> it's for all the marbles. cheryl: all the marbles, what are you expecting from nvidia today. >> listen, we're looking for another good quarter, not the type and beat and raises you saw the last two quarters, of course. i don't think there's any way they can kind of deliver or exceed those ty

the average family spends about $875, the nrf says.liday shopping. will be. >> -- listen. >> they up the price and you're getting it for the normal price. >> i see a lot of people struggling, but you just appreciate the things that you have, and we try to, you know, contribute and help each other where we can. >> maybe just focus a little bit more on the things that are important, family, spending time together, bringing holiday cheer. >> reporter: holiday cheer, yep, that's a good thing. and out here at the mall you get the holiday cheer. you don't get it online, but that's where most people say they shop these days. the retail federation asked folks where where they system, most of them online. the department stores, about 49%. same for discount stores, and about a quarter of shoppers named small businesses and small business friday, i think, this weekend. so that's a good thing. here's the bad news, david, we may be spending more, but we're also putting more on the credit card. look at the number from the new york fed, one trillion

. >>> the nrf expects sales to dip back down to pre-pandemic levels. i got to tell you, retailers are trying hard. i was at my local drugstore, christmas everywhere. >> target has early black friday deals, walmart, too. >> you know all of it. >>> all right, bethea, thank you so much coming up, swipe, click, and buy, did i just say that? vicky knows everything about it. the ins and outs of tiktok's new shopping feature. >>> but remembering the man >>> but remembering the man affectionate known asly imagine if you could get ahead of your ibs-c... by treating it with linzess. then you could start proactively managing your constipation with belly pain, and begin to find yourself a little further away from the symptoms that keep coming back. say yess to linzess. linzess is not a laxative. it's a once-daily pill that helps you get ahead of your symptoms. it's proven to help you have more frequent and complete bowel movements. and helps relieve overall abdominal symptoms - belly pain, discomfort, and bloating. do not give linzess to children less than two. it

i'm really pleased with the progress that we've seen and matt shea at nrf and brian dodge have been great partners but just in the last year, the federal level, has been passed it's going the make it a lot harder for these crime rings to monetize the items that they're stealing we're seeing a lot of support from the department of homeland security and they're activating their office across the country. and then retailers now are walking stores with local district attorneys so there is a lot more focus. >> wow >> but i want to make sure it's clear, jim, this isn't a target issue. this is a retail issue. >> that's a good point here are some target issues i am concerned about. you saw 130,000 people for the holidays a few years ago i know you're only hiring 100,000. are you concerned it won't be a big holiday season >> actually, it's quite the opposite one of the things we've changed is making sure our existing team gets access to those additional hours during the holiday season. so we want to make sure they get a chance to say you know what? we want to work more hours >> okay. >> we want th

look at the trend in sales at retail sales and consumer electronics at appliances with the new cnbc nrfsh says computer equipment bought during the pandemic may be due for a new upgrade but he's worried about things like student loan debt, guys and so is key bank key bank thinks student loan repayments this year could be a $55 billion head wind, of course that's assuming people pay back their loans. back to you. >> i wonder, jane, you have a iphone 8, you say there. why people are not trading up as much as they used to is it because the phones have not gotten all that much better, so there's less incentive to do it is it that cases and screen protectors have gotten better so your phone doesn't shatter when you drop it, what? >> reporter: i think -- well, in my case, it's because this phone has been good enough but now it's starting to slow down and i'm embarrassed because i don't have like the three cameras on the back. and then you have to think about, well, gee do i want to go spend $1,200 on a new phone. that's what makes -- that's why these service providers are just throwing everyt

we talked about the overall financial impact, and you used the latest nrf number.k there is a societal impact here. so, you look at certain cities, where stores have been closing, those jobs go away, the tax dollars are gone, but importantly that local consumer doesn't have access to the goods that they need. so, that impacts everyone in that community. and i think as we educated at the federal, state and local level, here is the true impact. yes, it is a financial issue. there is also a safety issue for our teams and the shoppers who are in a retail store, when these gangs come in. but we're building awareness. >> it is not just your voice. you've taken action and i realize you're closing and opening stores all the time, but you made a move earlier this year to say you were going to close nine stores in urban areas to say we're closing these stores because we can't deal with the shoplifting and the theft that is going on here. and we don't feel like it is a safe place for our employees. that was a move you said you didn't want to make, but you were very vocal abou