And consumers are also going mobile. More than 17 plan to use their phone to shop for valentines day. But how we celebrate is also changing, and its not just chocolate and roses. While the percentage of americans buying candy has remained relatively stable over the last decade, the number of consumers buying greeting cards has fallen off nearly 15 and the number buying clothing has increased by more than 5 . Many couples now celebrate the couple with a night out, which may include dinner to a restaurant or tickets to a show. 30 years ago, jim mccann was a disrupter before we ever knew what that term meant. He changed the name of his flower stores to a 1800 number. Today he leads the company with more than 1 billion in sales. Jim mccann is 1800flowers. Com founder and ceo, and jim, thank you for joining us. Good to see you. Good to see you, becky. Jim, ive known you for a lot of years, and ive never really known how you got started in the is it true you were moonlighting as a bartender
Predicts americans will spend a record amount on the holiday of love this year. Nearly 20 billion. Almost 2 billion of that on flowers. Another 1. 8 billion on candy, and even more on jewelry and going on that special evening. Much of that spending has moved to the internet. 28 of americans will shop online, an increase of nearly 12 since 2010. And consumers are also going mobile. More than 17 plan to use their phone to shop for valentines day. But how we celebrate is also changing, and its not just chocolate and roses. While the percentage of americans buying candy has remained relatively stable over the last decade, the number of consumers buying greeting cards has fallen off nearly 15 and the number buying clothing has increased by more than 5 . Many couples now celebrate the couple with a night out, which may include dinner to a restaurant or tickets to a show. 30 years ago, jim mccann was a what that term meant. He changed the name of his flower stores to a 1800 number. Today he l
The question is sort of the Yellen Dudley more dovish wing of the fomc as to whether or not theyre adamantly opposed here, but the other guys, i think it was about letting the markets settle down and waiting to see if there was anything more serious that the markets were telling us from the recent volatility. But if things have passed and they seem to be quite a bit calmer than they were previously, then i think that group of people we were just talking about are quite comfortable hiking rates. Steve, thanks so much. The markets were already moving lower throughout the last 45 minutes or so because of whats been going on in health care. Theyre going to react to this more in the minutes ahead. Steve weiss, it brings up the question again, if the fed acts in the next month, stocks are going to blow that off . Look, i dont know market can go up if the fed hikes rates . I believe that if we get Everything Else sort of more comfortable, the markets trade up. I just dont think the fed is the
Points. Here are the big stories were watching today. Weyerhaeuser is buying plumb creek timber for 8. 4 billion in the total price tag. The combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. You can see plumb creek timber up 17 in the premarket. The dubai air show is now open for business. The last show two years ago saw record breaking orders. Thats not the case this time. No major purchases yet announced. Some say this is raising the red flag about the longer term health of the business. And in other global news, lufthansa canceling more than 900 flights today due to a cabin crew strike. A union calling for a walkout in frankfurt, munich, dusseldorf. 900 flights canceled. We talked about it on friday, i dont remember a lot about it. I remember i had to say dusseldorf. I remember seeing that in the teleprompter and nailed it. Nailed it. So theres a five star hotel there. There might be but i wasnt there on vacation. You were you were not there
We begin tonight with nfl commissioner Roger Goodell, breaking his silence on the flurry of Domestic Abuse cases surrounding some nfl top football stars. Goodell admitting he got it wrong in handling of the ray rice situation but he made it clear he is not considering stepping down. Lets bring in fox businesss adam shapiro. He was at the event today. Adam, a defiant commissioner in some regards. He was defiant. He kept talking about accountant and that he made a mistake but he is not going to suffer the consequences of that, other than the pressure he has received over the last several weeks to do something and part of the something the in fl will do is come up with a new code of contact by the super bowl. Well implement new conduct policies, cheryl. They will have a set of clear, transparent rules for league and Club Personnel and owners and players. My goal is to complete this bit super bowl. The big question people had, why has Roger Goodell not resigned. Here is what he said. He ac