clothing are more expensive as americans continue to feel the pain of inflation. fbn lydia hu is standing by. how much can families expect to spend on back to school shopping this year? quite a bit. elementary through high school, average of 890 this year on back to school items. a new record from the national retail federation. $25 higher than last year. all in, unprecedented $41.5 billion this year. last year, 39.6 billion. higher spending driven by increase in demand for electronics and also higher prices, check this out, prices for girls and boys clothing up, stationery and i have my back to school backpack ready to go for my daughter. a pattern is showing prices for basics, mechanical pencils,
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investing, taking advantage of this opportunity. brian: real quick back to school money. let s start looking at it, last year we spent 36,000,000, this year up to $41.5 billion. this is important because in florida and elsewhere they are going back to school now, in new york in september. look, don t buy everything on the list, wait and see what you need and if your teachers are asking you for stuff you don t think your kids need, pushback a little bit. this is getting out of hand. you don t need all this stuff to make a classroom work. i think we are going a little overboard. brian: staples just called and said strike that from the record. sorry. brian: when do we watch you. 1:00 p.m. fox business, big money show, please watch, we d love it if you do. brian: the brian brenberg show. i wouldn t dare say that. thank you very much. brian: good job, brian. practice tossing to other people. yes, steve and ainsley are
u.p.s. workers as well as the entire u.s. economy especially the retail sector which is in the middle of a key stretch right now. u.p.s. and teamsters say they have reached a tentative deal on a new contract for about 330,000 u.p.s. employees who were prepared to walk out next week. this is good, this is a start. reporter: those workers need to ratify the deal to avoid a work stoppage that would hit in the middle of the back to school shopping season which the national retail federation estimates will generate $41.5 billion in spending. we re obviously in the middle of back to school, stocks are ready. heading in to holiday, we know retailers are already in a good place with inventory and thinking ahead. reporter: and consumers adapted too shopping early to find deals and get what they want. there is a lot of tools out there. we know consumers have become
to have several homeless encampments. thankfully no injuries reported and no homes damaged but officials say it has potential to spread at least 25 acres. texas gender transition hormone blokers stalls this as protesters interrupt debate at the state house. activists interrupted house proceedings at the capitol in austin yesterday and some scuffled with police. security escorting at least one person out. debate on the bill is expected to resume later this week. ford rebounding in a big way first quarter talking wall street estimates. revenue came in at $41.5 billion. that s up 20% from last year. automaker getting a major boost from its truck and legacy division. ford suffered steep losses related to investments in electric vehiclemaker. meanwhile the company says it will cut the price of the electric mustang by 1,000 to