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
Out in deadwood we heard about the avocado pelting story. Really injured. In a world where amazon is buying whole foods what happens to costco, and what about those costco retisry chickens. You guys talking about it. Is that enough to keep the big box customers coming well tell you what the wall street is saying with costco down 2 . Two words on costco, fresh fish friday. Very enthusiast. Thats what i live for. Activist investor going after the parent of saks saying hudson bay should stop trying to get the deal won with Neiman Marcus and macys theres a better way to inlock the value. And well discuss stragt in a first cnbc interview with Jonathan Litt. We begin with word out of the white house. Kayla touch covering the tech sim mitt and ooemon javers with more on russia threatening to target the u. S. Over warplanes in syria. Ceos of the Largest Tech Companies in the world, alphabet, microsoft, ibm, adobe are meeting today at the white house to modernize the governments infrastructure
Accuweather sevenday forecast. Why is your friend old man winter back . Reporter im not liking this. This is the coldest morning since february 17. Two, two and a half weeks here. Still winter. Reporter what is it . , 18th, 189th, we have two more weeks here, it felt like dispring over the spring over the last month, now old man winter is making a come back. We go to atlantic city, its blustery and cold, youll need layers out there, the heavy winter coat. Ten degrees in reading. Minus five for the sex . Poconos, satellite and radar, were going to see sunshine out there, the fact it is march, the angle of sun is higher. All that sunshine will help things later on. It will be blustery and cold. The forecasted high, 36 degrees, that, too, will be the coldest daytime high since february 17. It will be windy well see gusts 30, 35 Miles Per Hour. This 36 feels no better than the low to mid 20s all day long. When i come back well see how much longer the cold air is going to last and were trac
Construction. We have to get used to me saying that every single day. Yes. We have quiet weather like we did yesterday, so, so nice. Ended up at 82 for the high. We didnt hit a record but 1887 daily record will hang on for another year but lets take a look we are talking about showers. Dont worry too much about this, guys. If you are not craze bye cart ing along an umbrella today you can probably getaway without it. Reason being these showers come through late to midmorning, and then, they are basically, done, this isnt a super strong cold front when it comes to moisture content. We have steady i showers up around poconos for example right now so maybe run into a couple damp road north and west but vast majority of the day is in fact, dry, and look at how warm it is to start things off. Currently in the low to mid 60 s, in many locations, out the atlantic city, 54 at this hour but generally were just really mild. If you are waking up this morning and you have window cracked opened, aim
Up but we are six stories up. That is high enough for me. We are expecting, to see maybe a couple showers. Thinks one of the days that if you dont want an umbrella, i say bag it, you will not need it, per se, but there is a bit of wet weather on storm scan. You will notice if you look closely, mainly behind the wording, storm scan three where any wet weather is tracking if you are walking outdoor you have a relatively short commute. You will not to have tiehl with any of this moisture that does move in is looking to be very scattered, and very light , in nature. There is temperatures that as we stand mid to upper 50s and even lower 60s depending on location. We are very close right now, to what our normal daytime high would be in philadelphia, todays normal high 63. Sixtyone is your current temperature. We may drop a degree or two before all is said and done but this sets us up to warm up easily. Even they this is day of transition and there will be a couple showers, and a breeze picki