taiwan jennifer griffin has more on that from the pentagon tonight. we must act with a greater sense of urgency. u.s. pacific commanders defended $9.1 billion request. a 40% increase and largest request ever to bring stability to asia and deter china from taking taiwan by force. more leaked u.s. intelligence documents show the chinese have developed a high altitude super sonic spy drone unit that could target u.s. military bases and aircraft carriers. the hypersonic drone, which could fly at three times the speed of sound would be launched from a twin engine chinese bomber known as a badger. admiral john says he has not spoken to his chinese counterparts since becoming the top u.s. commander in the pacific two years ago. even after the spy balloon incident. i have had a standing request to have a conversation now since
so you won t miss an opportunity despite decades high inflation and real economic uncertainty, shoppers seem not to be feeling it this holiday season. you guys spent a record $9.1 billion just on line on black friday. that s according to adobe analytics up from 8.9 billion and 9 billion flat the last two years. christine romans can t stop shaking her head. and mark stewart is also with
futures also leaning lower. it was gains though for markets during the holiday shortened trading week. the dow and the s&p 500 finishing up more than 1% on the week. the nasdaq also up slightly last week. a busy week is in store on the economic calendar. wednesday, new employment data. the number of job openings in october leading up to friday s critical jobs report. gas prices fell overnight, now at 3.55 per gallon. in eight states now and growing number of states, the average price per gas is lower today than it was a year ago. today is cyber monday, which used to be the day shoppers went online to buy what they couldn t find in stores. people skipped this first step. black friday saw estimated $9.1 billion from online shoppers according to adobe analytics. that would be a record. let s bring in a retail and e-commerce analyst. nice to see you. i feel like it has been a black friday for weeks already.
$34.8 billion online in 5-day stretch alone. that s up 3% from last year. black friday online sales at $9.1 billion. that s 1% higher than last year. however,you account for inflation which is almost 8%, retailers are actually losing ground in online sales. take a look at video we shot outside macy s, a lot of people really excited to shop in person for the first time many two years after pandemic disruptions. popular items, a lot of apple air pods, apple watches, smart speakers, tvs, digital cameras as well. take a look at this, you re looking to knock some things off your holiday shopping list, according to adobe analytics, if you re shopping for toys, you should do it today. is sporting goods and apparel tomorrow and then computers, of course, on cyber monday where deals are expected to reach possibly 27% off. now, back out here live, arthel, to give you some perspective in
(woman) it s a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. like a lot of americans this weekend, president biden and his family are doing some holiday shopping. the president and first lady jill biden were spotted going store to store on nantucket s man street where they are spending the holiday weekend. u.s. online shoppers, by the way, set a record on black friday. they spent $9.1 billion despite persistent inflation worries. glory, the deals are sticking around with cyber monday. it sounds like the people are in the mood to spend some money. that s exactly right, jim. i have been here all morning