I am max kaiser this is the kaiser report the best show rated recently by show ratings amount of us as the best show in the world welcome stacy is that when i hear twitter accounts that you created. I get it well you know what the theme of this episode of kaiser report is you know those black friday shopping stampedes and shopping riots that everybody looks forward to the 1st friday after thanksgiving where people go and beat each other up in order to get a discount on a flat Screen Television or actually some sort of useless item that they dont need this started this trend started they say in 2005 according to the wikipedia black friday has routinely been the busiest shopping day of the year in the United States since 2005 all the news reports which at that time were inaccurate have described as the busiest shopping day of the year for a much longer period of time similar stories resurface year upon year at this time portraying hysteria and shortage of stop creating a state of positiv
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Where people go and beat each other up in order to get a discount on a flat Screen Television or actually some sort of useless item that they dont need this started this trend started they say in 2005 according to the wikipedia black friday has routinely been the busiest shopping day of the year in the United States since 2005 all the news reports which at that time were inaccurate have described as the busiest shopping day of the year for a much longer period of time similar stories resurface year upon year at this time portraying hysteria and shortage of stop creating a state of positive feedback at the others a shortage of stuff perceived shortage and people get you know black friday they rush the stores and they get into office fights or brawls and its like an american thing and amazingly its like migrated to the rest of the world even though these other countries dont have to giving even though that they dont have these big box discounters they still like to go to the store and be
Investors seem to be more optimistic as Congress Continues to work on another federal relief bill. The president at the bottom of the hour scheduled to deliver another news briefing. This as tensions between the u. S. And china continue to escalate. The u. S. Has ordered that the chinese consulate in houston, texas to close china to close. China is calling for the u. S. To revoke the decision and is warning that the u. S. Has more diplomatic personnel in china than vice versa. Joining us to break down the market avenue big the Market Action are Abigail Doolittle who has following who has been following the action. Abigail tesla delivered. Considering you have the stock of more than 280 on the year going into that report. Before we look at that stock specifically, it has been another interesting, slightly choppy day. More sleepy at the end of the day. We saw this late day surge climbing. Not huge gains. We had stocks of flat. Nasdaq down at the end of the day. This s p 500 higher. This
Mock out again and you know this is the standard style a very stylish and moscow to wear your own jumped up you know they were this even over 30 below 0 you can you can be made from the forehead down if you have your in shock on if you like your miami beach right is the amazing Russian Technology there so i know i did almost forgot here this is a 2 can i got also on the sale simply because i thought it would be a good friend for plucky you know plucky lonely a lot of times hes a manic depressive isnt it so i get him a nice 2 can like this you can have fun plucky the point is that one participates in one of these shopping stampedes and pretty much you put the stuff on the shelf and never use it again but you feel better because you got a 50 Percent Discount well you know a lot of robin hood traders look at the markets and think theyre getting 50 or 60 or 70 or 90 percent just. Counts when a company on the verge of bankruptcy their shares collapsing like wow a 90 Percent Discount before