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Transcripts For CNBC Squawk On The Street 20121123

This abbreviated session. This is historical tendency in terms of the period between thanksgiving and december 3rd. Most of the time we are higher in the markets and were seeing that play out so far in future. Look at the picture in europe. A surprise increase in german Business Confidence there really helping to push the indices higher across the board with the exception of spain which is down by. 2 of 1 . It is the most wonderful time of the year for the retailers. Millions of shoppers are hitting the malls this black friday looking for door buster deals. A number of Stores Including walmart, target and toys r us upping the ante with thanksgiving night openings. 147 Million People will hit the malls and Stores Friday through saturday slightly below last years levels. Unbelievable number of people who started lining up so early. I mean, a week ago. Those people we saw at best buy with the tents. We assume they got whatever they were after. I certainly do. I certainly do. There were un

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