Many Big Box Stores like best buy, walmart and target are boasting major sales, both in store and online. Though the black friday hype has diminished over the years, there are still a lot of stores that live for the midnight thanksgiving day lines, hiring extra security for the chaos. According to the National Retail federation, the average shopper will spend more than 930 dollars this holiday season. Some people, camn stores as early as tuesday, to get a place in line and get a deal. i dont get to get my kids much for christmas so this time of the year that i can really splurge for them so i definitly support everyone who wants to go and do it. Shakala Alvaranga while some companies are opting to keep their Stores Closed tomorrow, urging their employees to enjoy family time instead, there are several stores that will open early tomorrow morning and stay open late Mauricio Marin keep it here. In about 15 minutes. Find out how black november sales affect our nations economy. You might b
Forecast for global growth. The business ramifications of a post fidel castro world, will the president elect reverse the thawing of relations . Plus, the American Consumers back, at least according to estimates from the shopping weekend. But did retailers benefit . And at t goes over the top, another Online Service aimed at cord cutters. Were going to have those details in a moment. First up, a new trading week after the three major indices closed friday trading at record highs. Same goes for the russell which is coming off its 15th straight day of gains since february 96. Small caps up 12. 7 since the election. The russell, guys, only had two streaks longer than this one in its history. This is remarkable rally because its based on everything that this guy says. Like anything that trump said is going to come true. And i think thats because people just feel like the republican partys going to fall in line. You know, i have to tell you that the agencies control a lot of what happens to
Not going to balance the market, we have to hit the marginal supplier, and that is north america, and we need to look for lower prices in the short run. Saudi arabia pushed opec to maintain production levels over objections. China has overtaken japan as the Worlds Largest stock market, with a market cap climbing to 4. 5 trillion. It could go higher. Meanwhile, the japanese market is down over 3 due partly to the weakening japanese yen. There is also increasing pressure on the airbag maker takada. The move comes after the u. S. Look nationwide. Five deaths are linked to the airbags. Split parliament voted to google apart, separating the Search Engine from other businesses. However, the resolution carries no legal weight. Google has been the subject of an antitrust investigation from the eu for four years. If the crowds are not as large as black friday, maybe it is because many people did their shopping online. It was a recordbreaking day for target, which had it Biggest Online day ever.
Electronics stocks move higher. A spanish person becomes the first person to contract ebola outside west africa as president obama outlines plans to screen passengers for the ebola disease. Ebola is a very serious disease. And the ability of people who are infected to carry that across boarders is something that we have to take extremely serious. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Rio tento has ejected a takeover bid from glencore back in august. They have created the worlds biggest liners. Rio tinto shares are leading the ftse. Glenn core is trading higher while the news lifted other m e mining stocks. Glencore has not rumd out a fresh approach, this a according to its sources. Chris is with us for the next half an hour and nick, as well. Nick, do you think this announcement, this deal that glencore is looking at rio tinto, do you think that suggests Iron Ore Price ves bottomed . Not necessarily at all. One of the main ration
Good morning. Welcome to squawk on the street. Hope you all had a good christmas. Im melissa lee. Were live from the new york stock exchange. Jim cramer has the day off. The latest s p schiller home price report has been released. The results being shown at the bottom of your screen. David blitzer will join us with a closer look at the numbers in just a few minutes. Lets get a check on how were setting up on this day after Christmas Trading session. The dow looking higher by about 15 points. S p looking at about two points at the open. European markets closed on this day after christmas. The uk and france among those celebrating foxing day. We start off with, what else, retail. Dips in spending in the midatlantic and northeast regions. Luxury sales also weak. Were coming off the worst Christmas Eve for the dow since 2006. As the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. Threatening both coasts with workers snubbing