All ahead for the session so far. Ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1. 78. Lets get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed Holiday Season, retailers raking in a record 4. 4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. The final trading day of november and stocks pointing to a lower open on this holiday shortened session. Buffett thwarted, the oracle of omahas latest attempt to put his cash hoard to work, outed by by apollo global. We begin with retails busiest day. Courtney reagan is at the Woodbridge Center mall with what to expect this weekend as the Holiday Shopping season officially kicks off hey, court. Reporter good morning, happy thanksgiving to you, morgan. Here were starting to see the second wave of shoppers come out to the mall. They do those early door
Date trade tensions resurface as china rebukes the decision to sign a bill backing protests in hong kong. And retail front and center as we get forecasts from adobe and the National Retail federation, forecasting strong Holiday Spending joining us for the hour is allied chief Investment Strategy lindsey bell here we go, a shortened day today but a lot of excitement. Whats driving the action . Well, you know, there is lower volumes today. Coming into the end of november, going into december, this is the seasonally strong period of the year earnings season was a good one retail sales pretty good retail earnings were good even though a mixed bag and so i think were in the period of pause until the new year. What are you paying close attention to today. Well, today, i think its really all about this is black friday about the retail environment and the consumer theyve been very confident, wages going up Unemployment Rate very low, near 50year lows can the strength of the consumer driving th
Nice. Well talk about your black friday forecast. Well start with the temperatures this morning. Ill tell you what, when i came in this morning, it was cold. I had the fleece and puffy coat on just for the walk from the car to the building. You might want to do the same. Then as i mentioned, peel it off into the mall. Right now, were at 31 degrees in philadelphia. 23 in millville. 29 in wilmington. Pottstown at 23 degrees. Lancaster, 24. Mt. Holly at 25. All of us are below freezing except for against the verb. The the marinmarina. The good news, you do not need an umbrella or rain boots. Today will be a dry forecast no matter where you are. Temperatures will rise nicely. 8 00 a. M. , 34. Now were above freezing. By 11 00 a. M. , mid 40s. Well talk more about how high the temperatures cap today coming up in a few minutes. Now, well go to traffic with Pamela Osborne. Thank you. I almost feel the need to whisper because its very quiet. 676 at the parkway, no trouble spots there. Cars get
Sue herera. And im Bill Griffeth in for tyler mathisen. Welcome aboard. Thank you. Here on wall street today, the s p 500 and the nasdaq closed at records on this shortened holiday trading session. But we begin tonight with retail which helped push those indexes to new highs, as investors bet on a strong start to the holiday a critica period for that industry. Lines were long at some stores on this black friday. Early estimates say shoppers could spend more than ever before. And Retail Executives are hoping that that turns out to be the case, especially since unemployment is black friday was very strong online as well as the traffic that came into our stores last night and that are here today in our stores. So a good start to the whole black friday shopping season. Our margins at brookstone are up. The inventory is cleaner. The inventory arrived later this year, on purpose. And so now we have to come through. We have 2,500 people waiting at the front door this morning. Early indication