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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
Numbers look out as we kick off cybermonday. Which retailers crushed it and which ones were crushed . If you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. Well discuss the potential impact as they meet in brussels right now. A big day for analyst upgrades. Research in motion, facebook, yahoo well go over those and see why citi needs three analysts to initiate coverage of apple. Well begin with retail sales picture from this past weekend. 139 Million Consumers shopped during black friday weekend. Thats up from 132 million last year. Total spending up to 59. 1 billion to 54. 4 a year ago. Average Holiday Shopper spending 434 over the weekend. Sales on black friday fell 1. 8 from the same day a year ago setting the stage for today known as cybermonday. American shoppers will spend 1. 5 billion online today up from 1. 25 billion a year ago. The papers have it. Usa today retailers hail. J