Shopping going and what parents are looking for and why some veteran shoppers say the lines seem a little shorter it this year. Reporter outside of best buy thanksgiving turned into thanks getting. What are you in line for . Tvs. Reporter it if you think people outside are these are the employee inside just before the doors opened. We pound another line outside of toys r us and a familiar face. I wanted a hatchaball. To be honest with you. Several people were searching for one. It is what it looks like. Reporter she tried to explain. It comes in like anna egg and the egg hatches and they get out and then i think they runaround you and teach them how to walk and talk and i am not really entirely sure. [ laughter ] reporter closer to front of the loin we found christie, she has been bargain hunting thanksgiving for 15 years and she noticed changes. Black friday now starts on thanksgiving. Time keeps going back farther and farther. Reporter and more recently stores offer the same door bus
We know that it is not only shopping but 61 of people are planning to spend more money this season as opposed to last. Reporter sales are predicted to be up by 3. 6 over last year, a welcome jump at the end of what has been a difficult year for retailers. Once again this year, big ticket items include electronics, televisions, high tech,clothes also continued to be a go to gift. Ultimately, shoppers can either show up at stores or login. I like these sales. Reporter everyone looking for a bargain on black friday. And that was jay gray reporting. We are watching the lines open in some places as some stores that were not open last night are open this morning. Law enforcement reminds you to be aware of your surroundings. With tips on how you can stay safe. Looks like a good amount of people behind you. Yeah, a lot of people behind me. What is interesting is i think there was the first wave of people who came in right at 6 00 when the mall had opened. Now i am seeing some of those people g
Production. Global bond meltdown. The bull market in bonds is ending with a bank. As global bonds suffered their worst slump last month. Investors look to dump their debt after donald trump won the election. Bracing for swings. It euro volatility is the highest since brexit. The European Central policy decision coming up next week. You have burned up 13 in just two days. Brent up 13 in just two days. The big surprise come iraq cutting 210,000 barrels of a day. As the focus in vienna moves from the deal into specifics. Marty schenker joins us now in london. What is the biggest question as traders wake up this morning . Firstly, you mentioned iraq. Iraq had been the biggest stumbling block. They have a quota again and they agreed to cut production. Many will be interesting to see if they are willing and able to do that. Secondly, russia. Russia pledging an actual cut of 300,000 barrels a day. One of the reasons we saw oil rally so strongly. Will russia really deliver . This never done an
Good friday morning. Welcome to squawk on the street. Post 9 this morning. Jon fortt has the morning off. Watching the markets closely, the u. S. Employee number, 178,000 new jobs in november. Thats according to the labor department, almost in line with estimates. The Unemployment Rate ticks down to 4. 6 , the lowest level in nine years. Hourly average earnings falling 0. 1 , the final number before the meeting this month. Mike, we took your temperature on it. We talked to jan about essentially what hes calling full employment and whether and when wages catch up. Thats right. Basically its the economy we thought we had, the labor market we thought we had coming in. The market maybe dodged a slight bull net the sense it cements the certainty about december and what the fed will do. To on the wage front, i feel like the market is not getting too concerned about that mostly because the mix is probably partially to blame. So in other words, a lot more younger workers, fewer Older Workers t
We really had stagnated market for almost two years. Barely inching up highs. I think that trumps and republicans program which the market is much more in favor of than just trumps program can certainly spark another 5 or even more increase. Now, whether it comes by the end of the year, well have to see, but i think we have to be very encouraged by the choices certainly they pick for treasury and commerce. I mean, these are men that are very aware of markets. Theyre very aware of the globalization of our economy. Whats important is that if he goes into an extreme protectionist or import mode, tariffs is greatly reduced with these advisors he has chosen where. He deserve all of our respect. You deserve as much credit as anybody. You have been saying 20,000 on the dow for the better part of a couple of years, if i recall correctly, but nothing has happened yet with the trump administration. These are projections that things are going to happen, and the market has run as if everything has