that brutal storm that killed 50 people, plus left thousands stranded across the country. why one governor is now calling her state a war zone and in ukraine, an attempted drone attack deep inside russia has vladimir putin once again saying he s ready for peace talks, but is anybody taking that offer seriously as president zelenskyy urges his countrymen to keep the faith. today the future of title 42 allowing migrants to be turned away quickly at the border because of covid-19 public health concerns remains in limbo. what is clear, that the dangser to migrants and the political fight are increasing the supreme court could grant the biden administration s request to end the trump-era border policy, or keep it in place issuing a longer stay. but with freezing temperatures not only is a humanitarian crisis growing at the southern border, the white house is now financial saying strong criticism for governor abbott after that busload of migrants was dropped off in front of vic
very insightful, guys. the new subway series. what s your pick? now, that christmas is over, we are expecting to see a rush of returns for those who didn t get exactly what they wanted analysts predict $171 billion worth of products will be returned this holiday were season, all as we try to make sense how holiday spending and post christmas sales are impacting the economy. i want to bring in data reporter brian cheung at the garden state plaza in new jersey where there seems to be a lot of folks around so what are the holiday spending numbers that you are watching for going to tell us about where the economy is and where it s going, brian reporter: yeah, chris we got data from mastercard which checks a lot of activity on the plastic they say retail sales in the two months leading up to christmas
this morning, the stock market is inching up slightly after mastercard released holiday spending numbers. u.s. retail sales from the giving of november through christmas eve saw a big bump, jumping 3.4% from last year. signs of a strong economy, despite the fact that president trump has been impeached, let s discuss noise with finance expert monica meta, she s the managing principal at seventh capital. monica, thanks for being here. thank you. i want to first ask you, how the president is involved in all of this. he s, of course, been impeached but the economy seems to be very doing very well. we ve seen other situations where this isn t necessarily the case, right? what do you believe is behind that? well, interesting, we re talking about a couple of different things, in terms of impeachment, i m not sure impeachment and focusing on impeachment is going to be a productive strategy for democrats going into 2020. it may have an exact opposite effect. from the 90s, what you saw wh
consideration. consumer spending, consumer confidence slipped a bit in september but it was hitting record highs in november. you look at the holiday spending numbers, retail has been in a slump all year. now we see some recovery in the retail stocks. the fact is whether or not you and i discussed many times this was sold dishonestly, the fact is because of low unemployment and marginally increasing wages, americans are feeling better than they were a year ago about the economy. that s right. and maybe americans will feel a little bit better when they look at their withholding and see for a significant number of people a change in the amount of money they take home in their paycheck. pollsters will tell you there s not much evidence that people actually feel that, belief that when they look at their paycheck and say oh i m better off because i got a tax cut. that s going to take some time to sink in. but if in reality this tax bill generates a surge of economic
jamie: no. these are the last five days of the year. a tremendous track record of gains. we are set up beautifully for that. i was reading the holiday spending numbers. lack luster but a gain knew the less. jamie: stores were bragging. it started off with a bang and tempered off a little bit. we ll gain shy of 4% growth on the retail sales last year. growth, not as robust as some of the economists would like to see but a gain nonetheless. jamie: what about consumer confidence and people putting their money into the market after the first of the year. they open up the end of the year statements, if you guys are brave enough to open up the retaoeufrpl retirement statements, what will they do? this is so important because it s gage of how you re feeling, how confident you are to put the money out, to invest it in the market, to spend it out there in retail land. that will be a key indicator. and a key karat owe ll get the