30 days until you know what. So were going to talk about where americans are going to be shopping this year, what they will be buying and the retailers that are set to win. And those that will be left out in the cold. Speaking of cold, there are some look at that, i dont know what that it is but looks bad. Snow, of course. That would be cold. Major headaches expected for travelers as we head towards that thanksgiving holiday. Big winter storm stretching from the southwest to the eastern seaboard. It will be coming up the west as i show you there. Well track it first to sue at the new york stock exchange. Clear sailing down here but were watching shares of walmart, the biggest retailer announcing a ceo shakeup. The timing is raising questions as we head into the crucial hol kay season. Walmart shares are up about twothirds of a percent, the stock up 17 this year lagging the market. Courtney reagan here with the retail detail. Good afternoon, sue. While walmart didnt allude to the fact t
Yesterdays negative market action. There you can see the s p, the dow and the nasdaq, all looking like we may be implied at least for a positive open. We shall see. That allimportant tenyear note deal. Interesting how rates have been moving up over in china in terms of borrowing rates. How are we doing here in the states in well take a look at the tenyear, which is still hanging right in there at that 2. 7 range well call it. Go across the atlanta to europe. Well call it a mixed picture. Is that your call . Yeah. They dont celebrate thanksgiving there. They dont have that seasonal lift like we have here. Thats true. We start with tiffany, shining just in time for the Holiday Season. Sales in asia helped to shield the outlook and the stock. Remember when jos. A. Bank withdrew its offer to buy mens wearhouse earlier this month . Now theres a twist as mens wearhouse tries to buy jos. A. Bank. Tiffanys posted better than expected results, total sales in the Asia Pacific Region were up 27 .
Season would start and why mike duke is leaving years before expected. He hasnt been there but since 2009. His predecessor, lee scott, 2000 to 2009. It seems like a shortened period. Also, as someone who follows retail closely, this is not the time to change horses, so to speak. At the same time, i am sure this company will, without a doubt, say it is seamless. I want to hear from david, that there is nothing pertinent that would make it so this seems wrong. I dont think it is right. David, you do know mcmillon well. What can you tell us . I spent a good amount of time doing our last document on walmart, which has to be about five years ago. Then, there was a lot of speculation he would be the next ceo. I remember distinctly discussing it with him. It did make air on the documentary, that idea. He was running international. We spent a couple of days together in china. Certainly, wellschooled in international, had run, i believe, cosco prior tco, prior. You mean sams club . Sams club, e
Your advice. Tonight, the Holiday Season. Retailers are giving an ulty may tum. Bigger and bigger price cuts making consumers the big winner. Joining me, david bach the founder of rich. Com. David, ill start with you. What is consumers mind set going into the holiday . Are they going to spend . They are telling interviewers they are not. Dont believe the pollsters. We are at an all time high. What does the average american feel . They feel richer and they have less debt. Real estate prices are back up. The consumer is going to spend money. The Holiday Season is shorter, but stores are open on thanksgiving. Retailers are going to be pleasantly surprised. Peter, do you agree . Theres Consumer Confidence being down, some of the employment numbers are good, some o bad. What do you see . We are not creating fulltime jobs. Lets not go down that path. I dont see a good season. Incomes are not rising. They are conservative about taking on debt. They are facing Higher Health care premiums. Empl
[ male announcer ] oh what fun it is to ride. Get the mercedesbenz on your wish list at the winter event going on now but hurry, the offer ends soon. [ santa ] ho, ho, ho [ male announcer ] lease t 2014 glk350 or 419 a month at your local mercedesbenz dealer. Pop in the drum of any machine. To wash any size load. It dissolves in any temperature, even cold. Tideod pop in. Stand out. Gerri hello, everyone, tonight on the willis report. Big sales events define the Holiday Season. Also the winter blast with thanksgiving travel. We have the best way to deal with it all. And the only way to buy tickets for sporting events. Taking a cue from the market. We are watching out for you tonight on the willis report. Gerri the Holiday Season is ramping up and consumers are giving businesses an ultimatum, no deal, no dollar. Joining me now is finish rich. Com author and an economist from the university of maryland. David, starting with you, what are the consumers might set for the holidays. Yet anoth