Speak to consumers, expected to spend a whopping 7. 4 billion today according to a dopey analytics. Jackie deangelis joins us from a mall and edison, new jersey. What is it look like right now . Well, its starting to heat up. Behind me, macys was open from 5 00 p. M. Last night in the mall is just opening inside in the concourse now so you can see h and m is still closed the people are lining up outside. Down here we have an Urban Outfitters with people getting ready to go in as well and as you said the projection is for over 7 billion this year hoping to set new records last year black friday spending was about 6. 2 billion. The average consumer that comes out today is expected to spend about 400, but the question is, is at the same kind of black friday we are used to to maybe five years ago or 10 years ago . People would line up and storm the stores for deals. You can get a lot of deals online in the deals in the stores, the discounts have been active pretty much all this week. From
About 30 minutes into the trading day and Abigail Doolittle has the latest. About, globalked markets shaking off the effect of the italian referendum. Abigail we have big gains for the stocks in the usb at the dow, s p 500, and nasdaq are all higher. Offially there was a risk reaction, but really a declining reaction. ,f we go back to the brexit a big selloff, then a selloff and it reversed. The dow on pace for a record closing high. But the dow isng itsace for us fix for fifth week i. The s p 500 and the nasdaq are reversing last week losses. At 2041. Ok the shows the alltime record high. Two things, right here we have an area of consolidation. It appears the dow is breaking. Ut higher the dow transports, a less followed index, is actually also trading at an alltime record high. Would say that signals more strength ahead for stocks. Taking a look at Asset Classes, we are seeing a risk on picture here. We have the safe haven gold trading lower. Follows from that supply cut from opec la
And were watching the market this hour of markets now. Connell those headlines show you there is a lot going on9 today. We will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. Nicole petallides starts us off on the floor of the new york Stock Exchange. Nicole you are absolutely right. The lowest point, the biggest move to the downside since june 20. Down about 1. 5 right now. Back on june 20 the dow dropped over 2 , this is the biggest moving percentage terms since that time. You have a couple of names that are weighing on the do dow jones industrial, betterthanexpected Economic News. Walmart and kohls are two names we are following closely. As well as Cisco Systems. Walmart higher payroll taxes are hitting the customers and not much customer traffic in walmart. A little less than expected, up 5. 5 . Really bucking the trend today, back to you. President obama United States strongly condemns the
In the works since 2011, the Art Deco-style sign with neon tube lighting would be suspended above Cary Street, creating an arch-like entrance that cars would pass under approaching Nansemond Street.