Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in terms of online sales with so many Stores Closed but today we found some folks lining up for door busters this morn
Weekend on cspan 3. Next, we hear from lonnie theh, director of Smithsonian National museum of African American history and culture. He talks about how it came to be and some of his favorite artifacts. The museum will be open to an to th open to the public. This is just over an hour. It is my real pleasure and honor to welcome lonnie bunch the third, the director of the Smithsonian National museum of African American history and culture. Lonnie for you about a moment before he joins me on the stage. Prior to his 2005 appointment at the smithsonian, his most recent appointment at the smithsonian, he served as the president of the Chicago Historical society. He transform that institution and made Great Strides reaching Diverse Communities as he launched a program on teenaged life called teen chicago. It is only one of the Amazing Things he did there. His legacy is very present there. He is a prolific author. He has written on the black military experience, the american presidency, and al
Succeed. And counting down to cnbcs republican president ial debate. It is live tonight from colorado. Well tell you where the candidates stand on fixing things like Social Security and medicare, plus what some Small Businesses would love to hear from the candidates arrayed out there in boulder. Meantime, lets aez go down and check in with my friend, kayla at the nyse. Kayla. Hey, ty. The countdown to the latest fed decision is on in earnest. We will get that decision from policy makers in less than one hours time. Steve leaseman is life at the Federal Reserve and says the fed has some new data to think about today. Steve, is it all about gearing up towards december now . Yeah, it is. Thats what all of the discussion is about. Before we talk about the fed i want to talk about new data. We got some advanced trade data this morning. The deficit was better than expected. Why is that important . Because deficits a big part of why we go up and down in gdp. The Third Quarter gdp taking a mea
And, folks, a key part of the estate tax, controversial tax to begin with, being almost totally ignored. Is the irs about to strike back . Well tell you about that one. We certainly will. We start with fed chair janet yellen getting grilled on capitol hill on regulating the banks and also her comments on the economy. Steve liesman, take it away with the highlights. Shes just finishing up testimony now, mandy, on the last question of the hearing that gab at 10 00 a. M. This morning that was supposed to be aboutbac banks but ended up mak news on monetary policy. Chair janet yellen told markets to wake up and get ready because december is a live possibility. What the committee has been expecting is that the economy will continue to grow at a pace thats sufficient to generate further improvements in the labor market and to return inflation to our 2 target over the medium term, and if the incoming information supports that expectation, then our statement indicates that december would be a l
Materials. We begin with a record breaking weekend for apple. Fed calling for at that rate hike. A set to become two separate publicly traded companies. But first up apple is announcing it has sold more than 13 million new iphone 66s and 6 plus. It will be available in 40 more countries beginning october 9th. Look, i think that no one will care. This is a market no one may even care about alcoa which is a major split and thats because the gloom is so palpable. I spent a lot of time trying to be constructive about a market where there are black holes. You mentioned were going to get to a Company Called glencore which a vast majority of our viewers dont know thats gigantic. Some say 30 billion in debt. Apple keeps delivering. Apple china says mirror nike china sales. Very strong. Right now were at a moment where the market is gripped by forces unseen that are concerning people and oblivious to them is to say ive been oblivious to great earnings news and it didnt matter. Youre coming off