Weekend as a chance to get a jump on the Holiday Shopping, chinas single day may actually be the biggest worldwide. In fact, ecommerce behemoths ali baba expanded its single day offering to take place over 11 days this year and nearly doubled sales to more than 75 1000000000. 00. And thats ali baba alone, while black friday was once and now known for outrageous door busters that caused consumers to line up in front of Big Box Stores like target, walmart, and best buy 2019 was the 1st year in which more people shopped online than in store for the most part, sales figures have continued to trend up over the last 2 decades. But the covert 19 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 a customers 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, there are 3 aspects that will make this a black friday, like no other 1st me Online Shopping has exploded. Secondly, the seeds and his blanket and tell shopping. And thirdly, retail is innovative and adds so on the on line explosion as the panamic began and 90 percent of consumers change the way theyve shot 40 percent of people over the age of 60 tried Online Shopping for the very 1st time. And they just so far holiday that means 90 percent of consumers intended to shop on live with 70 percent of them, expecting to do most of their Holiday Shopping on line for black friday. That means just under half will shop online for thanksgiving and just over half will shop last friday. So this makes a difference even said this season. Sure, a lot of this time, if you can amazon prime, set the pace by maybe prime day and talk to her that whole Consumer Holiday spending forward and retailers no longer the season. The more revenue the major retails for black friday deals offered very early deals for days like walmart is a great example of that. 68 percent of consumers intentions shot earlier this year. And the innovation in retail is ramping wonderful. Touchless retail, touchless check out Virtual Reality for addressing rams all has changed. The face of retail will be for black friday, and 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 baking this into their decision making. And we are so hesitant to go out and stand in line anymore. And so that, that increases the confidence that consumers have in their real issue is when there are, 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 during sleeping day, people are not just shopping on thanksgiving day. Theyre shopping for the entire season. 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 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 into years Holiday Shopping. 80 percent of consumers expect to spend more than they did last year, and that is just under a 1000 dollars 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 as 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 a little briefly and outlet for pandemics life back to when 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 me 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 points out of 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 army could still and spending, but consumers are in interest on shopping for these important occasion. And 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. Grand, thank you. And 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 bitcoin, the Worlds Largest crypto currency has climbed to over 18000. 00 and appears to be headed back to its all time high of 20000. 00 us with the timing, jump right into it. Joining us now to discuss our boom bust cohost, ben swann, and christiane, who are both. I might add excellent crypto analysts as well. Christine, i want to start with you here. Why is because weve had such a great year and will it continue to climb . Well this has been absolutely incredible. Im aware, i did not censored all and there are many crashes. And as you talk about this right now, its come with me during the rally and back in 78 because this time i 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, you know, the great grayscale invested 10000000000 dollar. Its not, its a reserved for other Public Company such as microstrip g p house, where theyve made significant bets on the 2nd, especially now supporting p. And since they arent, they basically write the Network Value for more people who adopt it. The more parabolic later price rises. So this year we have substantial engagement from institutional players rather than speculators who are wholly burner while creating back under support. So this is only the beginning because they point to price will continue to rise and you know, honestly to using actions and words that the Stimulus Program and government continue. Because im going to hear steve argue a plan is the only true as it were. The courts have gone, its right, because theres only ever 21000000 created and there will be no more such Companies Continue to print millions and truly menorahs more paper money. Its just going to drive up. They are in an america thats as well. Its called blakroc c. I. A. O. Of fixed income. Rick rider recently said that big cohen is quote, here to stay thanks to millennial is openness to the cryptocurrency of Digital Payments in general. Is that a fair reading of why the big question 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 because 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, 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 chrissie just finished her last statement. Why mentioning specifically the Federal Reserve right . 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 it, 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 im referring in particular to come once you have your and read all. So we might be seeing the beginnings of the old season right now or actually to enjoy it all. So im going consolidates, im kind of doing it out, not mark points and rock. So i mean, its not only the top market leaders are rising. Many of the other small passages, president s, trauma and other relatively high beta test. Theyre now rising faster than declines because these all point to train against decline. So its almost considered a leverage point play here. So theres a little bit of a reducing going on. Very similar to what was yesterdays markets as well. You see shares routinely ironies have been doing actually well such as they crash and a lot of deep lines over the summer such as uni and really interesting. Shes in the what were racing at the have not participated in the rally. So you have now the cars arent 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 140000000000 with global trade 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 all currencies. And were going to be able to articulate enough 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. You know, burn all coins out exactly keeping pace with because in the way they did in 2017, why is it a little different this time around . Yeah, there not. Then i think a lot of that has to do with the fact that 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 christie put it nicer than i would. I would call it stupid money. There was a lot of stupid money that was over and to 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 because at 25000, others a coin. And so the fact that coin 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 i 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, but 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 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 suad and christie. I the only crypto analyst sunny. Thank you so much. Thank you. Time now for a quick break, but here because when we return, were going to check in on the movie industry as another high profile studio picture is headed for streaming the same day. It hits theaters on the other side. Thanks geysers. Financial survival. They say money, the relatives who want to take it easy. This is the central bank supported by the government. Im going to call them right now, so you stop to by social class. People. If youre born into a poor family, 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 born into generational poverty. So by every day, you meet your needs and the needs of your family is a reflection of reality. In a world transformed. What will make you feel safe . Isolation community . Are you going the right way or are you being so direct . What is true . What is right . In the world corrupted, you need to descend to join us in the depths. Or and maybe the shallowness there. 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 mall to 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 taking film right to streaming. In fact, the 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 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, or cons for data we lost out of 700 theaters. So the previous week we had 48 percent of teachers open in north america. And the most recent weekend, 40 percent, thats a 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 dieters limited capacity in those theaters, they could wait months and months for 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 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 said 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 the all 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. 00 or rent it for 8. 00, whatever the number might be. Whereas with Something Like each deal max or never flicks or hulu, its on, its more about that Subscriber Base disney plus, as well, that were seeing hybrids with a now world where you might pay a premium to get a 1st or a movie on the streaming services when 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, where you can 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 headed 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 ha b. O. Talking about going that route. But if you read the stories about wonder woman 1084. 00, 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 in who lives of the world, its really about their original 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 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 talk about those 700 feeders who were forced to close in the United States and canada. One of this change thats really struggling. The most of the pandemic is 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 was 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 ive seen as the politically low. You get to pick the movie youre with. They prevented of course, group of friends or people or family that you know, but i is, 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 ive got about 30 seconds left for 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 of the year, to date this years hovering at 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 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 the 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, and thats it for this time to get demand 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 your model. Family smart to me as well as roku devices or simply check it out at portable t. V. Well see you next time. Feel welcome you. Jim normal got hold. Of another real world will know will show up at the open in august when your old chum cruiser was a marge up on the board was to be with the one that you would need to believe. But im just a Little Kitchen league, you know, for us some might have wanted some 30, which wouldnt be on the local Solutions Based on what go well just like you would with means theres the chance to start to look at your bullshit. You look as i watch you, that you dont like the demick. No, certainly no blood is applied to nationalities that you play as a merged. You dont come with me. We dont look like seeing the whole world feasting people. Judge you come in every crisis with this system since any moment we can do better, we should everyone is contributing way. But we also know that this crisis will not go on forever. The challenges created for the response has been masked. So many good people are helping us. It makes us feel very proud that we are in it together. Its been decades since the fall of spains fascist regime, but old wounds still havent healed in the autumn is really famous. Because for me, from europe to me, coffee to market, the bottom is above all of us at the source mean older than us. And the single which we know sells ins of newborn babies were torn from their mothers and given away and forced adoption. But only for feaster, robel is a fairly well meant to this day mothers still search for grown children, while adults look in hope for their birth parents around tells the world it will defend itself against provocation, from israel and the United States after one of its top Nuclear Scientists is gone than 3 months, described it as an act of state terrorism, also to come running the fund dont make the grade, and in fact, this is spreading down. Take the coburg 900 vaccinations, while doctors rally on social media to persuade the public. I hope the last moments of your life dont look like this