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Transcripts For KQED Nightly Business Report 20171128

Shopping day in u. S. History. Consumers bargain hunting on their computers, their phones, whatever. That brightened the outlook for the long suffering Retail Sector thats been beaten, bruised, battered all year long. The biggest player in online retail, of course, is amazon. And today its shares briefly rose above 1200 apiece. They close slightly below as you see right there. Human workers at its Fulfillment Centers toiled like caffeine crazed elves. Reporter it was a record breaking weekend for online sales and shoppers arent done yet. Cyber monday is forecast to be the Biggest Online sales day in the u. S. Hitting more than 6. 5 billion by some estimates. Above last year, though still just a fraction of alibabas singles day in china which tops 25 billion. And when asking consumers where they were shopping online today, one site is king. Yes, amazon. Amazon. Ive already bought something. Amazons online dominance is likely to swell on key shopping days. Some say amazon may have gotten

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