1000 pandemic has thrown a wrench in the works. The fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in the pockets. Has many wondering what we can expect from this Holiday Shopping season. So lets get some expert analysis from dr. Banky shankar, director of research at the center for retailing studies at Mays Business School at texas a and m. And dr. Barbara stuart, the coordinator of retailing and Consumer Sciences at the university of houston. Thank you both for being here today. Dr. Stuart, i want to start with you. Were seeing a change in black friday due to the pandemic and stores want to avoid crowds. What are some new trends that were already seeing for the black friday this year . Well, here are 3 aspects that will make this a black friday, like, you know, rather firstly, Online Shopping has exploded 2nd playing well shopping. And thirdly, retail is innovative and agile. So on the on line explosion, as the pandemic began and 90 percent of consumers change the way they shot 40 percent of people over the age of 60 tried Online Shopping for the very 1st time. And they just loved it so far, holiday that means 90 percent of consumers intend to shop online with 70 percent of them, expecting to do most of their Holiday Shopping on line for black friday. That means that just under half will shop online for thanksgiving, and just over half will shop black friday. So this makes a difference. He said, this isnt showing this time it he and amazon prime set the pace by movie prime day and talk to her old Consumer Holiday spending forward and retailers no longer the season. The more revenue, the major retail spot with black friday deals offered very early deals for days like walmart is a great example of that. 68 percent of consumers intentions shock earlier this year and the innovation in retail is rampant. Wonderful. Touchless retail touch books, check out Virtual Reality for dressing crams all has changed. The face of retail will be for a black friday. Dr. Sheck are several stores. Some of these big stories that weve just talked about are not even expected to open this year. How is that going to change the way this Holiday Shopping season works, especially that big black friday weekend that we usually see all those sales . I think, as margaret said, we started the honey shopping very early. And so consumers are also wanting to shop online. So just the fact that many of the Stores Remain closed a lot to really affect a lot because people are factoring that into being this into their Decision Making and be people are so hesitant to go out and stand in line anymore. And so that, that increases the confidence that consumers have their real issue is when their consumers are going to end up buying more than the last year or not. So in some way, some projection last year we did about 730000000. 00 in sales during the holiday soft shopping this year were expecting to grow at 3. 6 to 40. 2 percent going to an hour or 2, maybe 755000000. 00 during the Holiday Shopping. And even though Stores Like Walmart target and all those major retailers are going to remain close on doing skipping day, people are not just shopping on thanksgiving day. Theyre shopping for the entire season. And cyber monday black friday in the whole weekend, and subsequently so i dont think thats going to make a difference. Now, dr. Stuart, when we talk about all this, obviously we can look at the trends in the way people are spending. But what we have to point out here is we are in the middle of an economic turmoil. d due to, the copan, 1000. 00 pandemic, and here in of the u. S. , we have millions still unemployed. We dont have a stimulus package that they were hoping to put another 1200. 00 check in peoples pockets, which would help stimulate the economy during the shopping season. What are you seeing there . How is that going to affect things . Well, even though there are economic hard times for people, all the projections, all are upward, were the 2 years Holiday Shopping. 80 percent of consumers expect to spend more than they did last year, and that is just under a 1000. 00 a person. So thats really a fuel to the economy and maybe very useful in that way. And while Online Shopping has exploded, we also need to remember that 64 percent of consumers expect to stop shop in brick and Mortar Stores is well, we shop for many reasons. Holiday and traditions are very important and people are willing to sacrifice in other ways for family and friends and the traditions that they and maybe get a little replaced. Ringback and outlet for pandemics life back to what we look at the way we just talked about those economic conditions. Are we expecting people to rely more on credit cards this season to do their Christmas Shopping and maybe have to pay for it later . Yes and no, because people have always used credit cards. Now you need something, a man like and other means of payment. So theyre going to use all the means of payment. But more importantly, back to the stimulus. Checks that are being graded is the end of the stimulus checks. But from all the series that we have, you know, on the stimulus checks, they want to spend more money and im going to sacrifice their spending any less. So the point is that all these human modes and mechanisms accelerate our reconstruction, still, and spending, but consumers are an interest on shopping for an important occasion. I got one last question here. You know, amazon obviously the biggest ecommerce retailer here, but walmart and best buy and even target have really broadened out their on line offerings as well as many smaller local retailers are having online offering. Is this going to put any pressure on amazon moving forward as people start to maybe step away because they have other options . Oh, options are good. I mean, Small Businesses are really a winner, perhaps, as retail checkout, consideration, valued Small Business in their ability to meet their needs to provide some differentiation and their service. Amazon is doing a huge business that others are rapidly in the taking on exceeding, and many different areas. So im sure well see a balance problem for dr. Barbara stewart, of the university of houston and dr. Vacation, car of the mays, Business School at texas a and m. Thank you both for breaking it down for us. Thank you. Rand. Thank you for all in a year that has been just about constant bad news. There are very few areas where we actually get quite a bit of good news. Its hard to find any area of the economy that has had a better year. Then bit coy, the Worlds Largest crypto currency has climbed to over 800000. 00 and appears to be headed back to its all time high of 20000. 00, those with the time to jump right into it. Joining us now to discuss our boom bust cohost, ben swann, and christy i who are both. I might add excellent crypto analysts as well. Kristie. I want to start with you here. Why is because weve had such a great year and will continue to climb. When we see it has been absolutely incredible a where i did not sense and all, and there are many crashes. And as you talk about this well run, its come with me during the rally and back in 78 because this time was primarily institutional farai. Creating the bedrock that we really didnt have before. So we had a range of wall Street Investment firms that started to seem like that. You know, the 3 greyscale in less than 10000000000 or its not since i read that. There were other Public Companies such as microstrip, g p house, where theyve made significant that some are now supporting peanuts. And since they arent, they basically rise to the Network Value or more people who adopt it. The more parabolic later price rises. So this year we have substantial engagement from institutional players, rather, thank you, readers more holy for while creating back and support. So this is only the beginning because they point to price will continue to rise. And you know, honestly that using actions and words that the Stimulus Program and government about because im resource scarcity, value basically is the only true as it were. The courts have gone. Its because theres only ever 21000000. 00 created and there would be no more. So as Companies Continue to print millions and truly minority market, its going to drive her around in our grid as one school. Now ben blackrock c. I. A. O. Of fixed income rick rider recently said that big quinn is quote, here to stay thanks to millennial is openness to the cryptocurrency of digital payments. In general. It is that a fair reading of why a big quote is so strong on top of what christie said, which was all excellent. Yeah, everything she said was actually, and i think in terms of what rick said, in other breaking news, water is wet. Right . As i get it, i think its pretty clear. Yes. The reason the big point is here to stay and it is here to stay and not just by the way, but all kinds of crypto currency is in Digital Currencies are here to stay. Yes, because you have a very tech savvy generation of users who also recognize that there has been a theft of value of the u. S. Dollar and of monetary systems around the world. I think thats one thing that, that is underscored not often enough when we talk about crypto. Now we underscore it here on the show a lot, but in other places when they talk about crypto currencies, its as if, hey, there is this cool new way of handling money. Its got nothing to do with it has everything to do with the theft of value. That takes place a crissy just finished your last statement. Why mentioning specifically the Federal Reserve write the printing of billions upon billions of dollars with no regard for the value of that currency. And i think what you see is, is generations of people that for a long time have seen this, at least for 100 years, have seen the problem with inflation. Theyve seen the problem with the Federal Reserve and what it could do, but they havent had a solution before. This is the solution. This is the answer to that theft of value. So yeah, i think absolutely. There are tech savvy enough to see the value in it. But it also, its a convergence of everything happening together, a convergence of the right time in history, the technology being in the right place and the understanding of what needs to happen in order for there to be a store of value that someone can actually hold as opposed to about you. Its interesting that you mention because, i mean we were not we, but they used talk about google the same way. Hey, check out this new website. Its fancy. You could type anything to do it and find all the information you need. Now its everyday life, so its interesting that you put that in the, those terms kristie. Were seeing some movement as of late in all coins, which seem to be bouncing thanks to because what do we know at this point . So there are many, many are going to rising and, and the rich are going to go to cancun once you have your you and recall. So we might be seeing the beginnings of the old season right now or actually years into your life. So im betting consolidates kind mark all points and turned right. So i mean, its not only the top market leaders that are rising in many of the other small passages, presence trauma and other relatively high beta assets. Theyre now rising faster than big ones because these all point the train against it. So its almost considered a leverage point play here. So theres a little bit of a refusing going on very similar to what markets as well. You see traders routinely ironies have been doing really well such as they crash and a lot of deep lines over the summer such as unique and really interesting things on the what were racing is that have not participated in the rally. So you have now are getting a lot of attention. There are huge gains as well as the iraq protocol, which is going over 70 percent. So now you have the entire crypto markets have rising and i wondered, what do you believe with Global Trading volume at illiana . So this point season is going to be expect very, very different because were seeing the memory of projects that have survived the winter and theyre delivering on its promises the last season were going to with the old arctic speculators, you know, for the player and russia. Now these are the point that mature and the protocols are well hold until it hed like to defy space, which already has more than 1700000000. 00 of value. And no burn. All coins are exactly keeping pace with because the way they did in 2017, why is it a little different . This one round . Yeah, there not. Then i think a lot of that has to do with the fact that we go back to the very 1st question. It has to do with institutional money look, so that is so if bitcoin had stayed around 20000. 00 and only kept climbing after 2017, we were seeing a lot of i think christy put it nicer than i would, i would call it stupid money. There was a lot of stupid money over into crypto at the time. Heres the problem. Is that in 2017 and then going into 2018 that that institutional money was going to buy into big at 25000. 00 a coin. And so the fact that came down and then rose up again, this time with institutional money. Sure. Because the institutional money wants to come in low, obviously, and then watch it grow. They dont want to come in when its high. So that money is now in there. I think what were going to see now is kind of a search happening also in the Retail Market. So the Retail Market has not been where big going to rise is coming from this time around. Its coming from the that institutional market. I do think though, as, as we watch the rise again, youre going to have Retail Investors who say i want to get involved investors who say, i want to be a part of whats happening, but because its too expensive for me to get into. So what else can i get into . I also think youre going to what were going to see in 2021. Another resurgence in privacy coins, coins like more narrow dash or even big coing confidential. Were going to see more of these privacy coins. I think starting to come back again, even though theyve been quiet for the last couple of years. Boom bust cohost ben swat and christie. I the only crypto analyst sunny. Thank you so much. Thank you. And time now for a quick break, but hang here because when we return, were going to check in on the movie industry as another high profile studio picture is at it for streaming the same day. Hits theaters, well get some expert analysis on the other side. I were segregated by social class. People world poverty by 1st. If youre born into a poor family, ah, youre born into a minority family. If youre born into a family that only has a single parent that really constrains your life, chances people die on average, 15 years old. A good warning to generational poverty. Its a tough fight every day. So you meet your needs and the needs of your family. Because you missed where do you fall . You know, millions of years to build up an emotional void when the communication happens within 10 milliseconds in sky. After that because it takes about 260. 00 milliseconds just now when you get into the sitting room, you know, this emotional bond between us is very different and will bridge this box or yours will pull you out of the bottoms and we will always be good in the future to keep it or dont or dont let you come up with a group to go on. Not about the gram of the money, the numbers and the number who know, but only a bit of us in the eyes of the i dont like about it, but i have the only thing it is about and welcome back on boom bust we have tried to take a look at how the pandemic has affected different industries. Many sectors have had to completely change how they do business, not the least of which includes the movie industry. For instance, when the pandemic hit nearly, all production was forced to shut down in the multibillion dollar industry was essentially put in limbo. But production has since been able to resume as the industry has instituted new safety protocols. A new measures to protect actors and crew members and as theaters have been mostly shut down, major theatrical releases have been heavily slowed. Some distributors are even tell you, right to streaming. In fact, that last week it was announced that the highly anticipated wonder woman, 1904. Well, thats going to be released on h. B. O. Max the same day, it hits theaters in the United States. So lets go ahead and take a look at the state of the industry with paul de guerre beat in senior media analyst with com score. Always a pleasure to see that smiling face. Paul, i dont want to start with this news about wonder woman 1984, hitting h. B. O. Streaming service the same day. Hits theaters, how is this a win for Warner Brothers when they were banking on a box office . Smash after the success of the 1st film, but are basically giving it away to people who are already paying a fee. I know that says we were hoping that wonder woman would just go to the ask 1st and then have a window that at least 2 weeks maybe much longer just wasnt meant to be with so many Movie Theaters closing this past weekend. For example, according to our consular data, we lost about 700 theaters. So the previous week we had 48 percent of theaters open in north america. And the most recent weekend, 40 percent at 6, huge drop. And i think for Warner Brothers, they just had to bite the bullet and say, look, we got it, get some income coming in from whatever stream we can, whatever revenue stream, and a way to get h. B. O. Max to raise its profile and get a lot more subscribers is to put in a movie like wonder woman, 1904 on the platform. But of course exhibitors were hoping that that would be at the actual only play but were living in a very different world now where when theres so few of dieters limited capacity in those theaters, they could wait months and months for a Movie Theaters to come back but they chose to use this sort of hybrid model. I think were going to see more of that. But i think when theaters do come back, were going to have a blockbuster season again, on the big screen. But for now its a different era. Its a Different Party much its up there is very interesting. You say they hope to get more subscribers from releasing this. Now weve seen some of these theatrical movies been released on streaming services over the last, what months or so . Have we seen any actual uptick in subscribers due to those or if that does, its kind of anecdotal and hard to see or thats really interesting because you know, the transparency that exists within that. The Actual Box Office world, the big screen Movie Theater box office, which ive been tracking for 30 years now. Its always there. The numbers are always released almost hourly, of course, the weekend numbers. But for the streamers, its a little tougher to get those numbers. And remember, a subscription based model is quite different than a transactional model where you might sell one movie for 20 dollars or rent it for 8. 00, whatever the number might be. Whereas with Something Like age, feel maxed or never flicks or hulu, its on. Its more about that Subscriber Base disney plus, as well, that were seeing hybrids with the now world where you might pay a premium to get a 1st or a movie on the streaming services. And they, you know, before they become free down the road and that happened with law, and thats the model there. So were seeing all kinds when we talk about a hybrid, were about all kinds of different revenue models, some of which weve never seen before. But again, a function of the pandemic and worse, thats why were seeing these changes. And i want to talk about that premium vo deal with being released on disney. And basically, the c. E. O. Of disney hinted that this could be the way we do things from now on, because we saw success with that. Of course, they didnt really think exact numbers that they saw from we had heard netflix or, hulu, or even h. B. O. , talking about going that route. But if you read the stories about wonder woman 1000. 00 a day for, you will realize that every editorial is writing at no extra charge because theyre pointing it out. Theyre getting you ready for it because they know that might be an issue. Are we going to see more of this go down the road . I dont know, i think for the netflixs and who loses the world. Its really about their regional content. Thats where its really at the, for disney. And of course, those the actual films, if they cant get that the actual release, disney has disney plus, as a host or a home for those films. Likewise, for Warner Brothers, wonder woman found a perfect home on h. B. O. Max. But on the other hand, the perfect home really for wonder woman to me would have been the big screen. But if the screens arent there right now, they just had to make a decision. By the way, Warner Brothers, more than sure, showed their support for the Movie Theater. They were steadfast in releasing tenet in Movie Theaters when really, nobody else would put a huge high profile title in Movie Theaters. So they went the extra mile there. But of course, with wonder woman, were seeing something different, but that was then, this is now everythings changing. And now this is a little bit more of a fun one because you talked about those 700 feeders who were forced to close in the United States and canada. One of this chain thats really struggling the most of the pandemic amc theaters. But theyve actually announced a private theater rental program that they have going on in small areas. Now theyre expanding it nationwide. What do you know about this . And is this good for amc is business at this point, or is it just keeping on top of mind in the news . Well, i think anything that brings revenue into a Movie Theater, hosting private events, having, you know, churches have their, you know, people come to the church, say, to add a Movie Theater. But of course, with social distancing. And all that, i mean its just about getting creative. I think, renting out your own theater is really a great idea. The pricing i see on as relatively low. You get to pick the movie youre with a prevented of course group of friends or people or family that you know. But i am, i do think also it is to keep amc top of mind, but no question that anything that can bring revenue in is a good thing. But of course, again, people have to deal see things your no matter what your using that Movie Theater for. Whether it be traditionally watching a movie or another type of social event, its all about keeping people safe and healthy at the end of the day. And i got about 30 seconds left in this last one to it since 2009. This is the 1st year without a movie in the marvel cinematic universe. And theyve just been again, heart of hollywood over the last decade. What is this toll of the pandemic . Just being felt by the industry have really when you look at that, got a number it, it really does. And if you think about it, you know, year to date based on our com score numbers, the box office for us is last year is down almost 80 percent. And when you dont have a big marvel movie, remember, it was a year ago where the summer kicked off with avengers ending with the biggest Opening Weekend of all time, the year to date this years of are in around 2200000000 last year. At this point where we were moving in on 10000000000. 00 and 10000000000. 00, excuse me, at the box office. So 2200000000 this year, so far, almost 10000000000. 00 will last year. So you look at that huge difference with the Movie Theaters will be back. I guarantee you it may look different, but theres a lot of big movies still on the slate that are waiting for Movie Theaters to come back all the caribbean, senior media analyst with com score. Thank you so much for breaking all this down for us. Thank you, brant. Thats it for this time to get a buzz on the man on the brand new portable t. V. App, which is available on smartphones and tablets through google play in the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on newer models. Samsung smart t. V. s, as well as roku devices or simply check it out at portable t. V. The next time you see a Little Community normal got called a memory a little notice in your ocean cruise or the board was to be with the one that you would need to be put to sleep. You leave us one of them. One in some of these, which youll see in the local, which is based on what you look, you are please leave to start to look at your ship to look at you look as a live show that you dont like the last chapter. Its been decades since the fall of spains fascist regime, but old wounds still havent healed me from a dog. Mr. Pole in the bush at the 6 mean that i wish that i think of newborn babies were torn from their mothers and given away and forced adoption. I dont know to this day mothers still search for grown children for their parents. As are looking forward to this is what happens to pensions in britain watched as a report a Top Iranian Nuclear scientist is killed in tehran by on unknown assailants saran calls the killing an act of terror and points the finger at israel. We look at how the killing may impact the Iran Nuclear Deal after the us president elect joe biden had been hinting that he wanted america back at the negotiating table. For french officers are suspended for beating up black man in paris. After a video of the incident goes viral, it calls a wave of anger in france against a controversial bill that could ban police from being filmed it public