A lot have virtual online waits and a lot across the country are restrictod how many folks can be in the store at one time. From a numbers perspective this season is off to a strong start. It started a month ago. Retail was launched early black friday deals knowing it would look like none other before. Online saleless will be huge. Yesterday americans spent a record 5. 1 billion dollars, according to adont and he online sales over all are projected increase by 40 billion dollars compared to left year that virtual shift apparent across the country with no crowds outside stores. Folk who is are going out for some t is about the frgz of black friday shop and can other its is a bit of retail therapy. We are used to being out really early on thanksgiving. Well keep it local because we dont want to go into stores with the crowds were ordering online. Coming out and doing things for myself. Treat myself. You know under clothes and stuff like that. Despite the lack of crowds the season will br
Could start being sent out as early as next week. The stimulus deal includes the following, 600 checks for people below a certain income level, an extension of extra weekly unemployment benefits. 284 billion in Small Business loans, and billions for vaccines and rental assistance. President trump is expected to sign the bill and did sign a stopgap measure last night to keep the government open for seven days to get the stimulus bill and spending bill done. And now as a new variant of the pandemic worsens the situation in the u. K. , two officials tell cnn, the white house is thinking of requiring a negative covid test before entering the u. S. 40 countries are banning travel from the u. K. Over the new coronavirus variant that Officials Say may spread up to 70 faster, although theres no sign so far that its anymore lethal. Pfizer and moderna testing their vaccines against this covid variant in the u. K. The ceo of biontech which helped develop pfizers vaccine just spoke about the situa
With the ceo Klaus Kleinfeld per tradition. Joining us now to break down the day so far, doug sandler from riverfront investment group, ed, randy from huntington funds, joining us today. Randy, what do you well, lets get the big picture first. Weve had a pretty good gain again. The question i keep asking, the 5 pullback in june, was that enough . Do you expect another pullback at some point . You know, i think youre going to see a lot of sticker shock when people open up their portfolios this week. Their bonds are going to be hurt pretty badly. I used to think i was a good market timer in the past, but ill have to pass that crown over to the chief Financial Officer at apple, because he nailed the exact bottom of Interest Rates, and if you look at the 30year apple bond right now, its down about 12 . So theres going to be a lot of people that will question their bond holdings, and i think theyll continue to move more money into the equity markets. Doug, are your clients asking those ques
Expect action soon. Joe biden warns that the president may bypass congress to get something done. Watch out for an executive order. Niss nissan, a Japanese Company gets a 1. 4 billion dollar loan from the taxpayer. The electric car, the leaf, gets the money. And please, look at this, if jack lew is confirmed as treasury secretary, this will be the signature you see on the dollar bill. Looks like a printing. Varney company is about to begin. Joe doesnt know it yet, but hell wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from e great northwest. Hell start investing early, hell find some good people to help guide him, nd hell set money aside from his first day of work to his last, which isnt rocket science. Its just common sense. From td ameritrade. Nothing. Are you stealing our Daughters School supplies and taking them to work . No, i was just looking for my stapler and my. This thing. I save money by using fedex ground and buy my own
American lives have been claimed by the coronavirus pandemic so far over the past three months alo alone. As for the commanderinchief, hes remaining out of sight except on twitter as Top Republican voices add names to the growing list of those who condemn President Trumps response to the nationwide unrest. The latest being former republican secretary of state colin powell, who unleashed a stinging rebutte of his partys leader. We have a constitution. We have to follow that constitution. And the president has drifted away from it. When asked who he will support in november, general powell saying he cannot in any way vote for President Trump. Im very close to joe biden on a social matter and on a political matter. I worked with him for 35 or 40 years. He is now the candidate. I will be voting for him. Speaking of biden, he plans to travel to houston tomorrow to meet privately with the family of george floyd, the man who died at the hands of police and whose death sparked widespread prote