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$200 off at target. david, even though the deals are harder to spot and inflation is near a 40-year high, experts are predicting consumers will spend a record amount this holiday season, as much as $859 billion, up 10.5% from last year. given all that pent up demand from the pandemic. david? all right, rebecca jarvis, thank you. when we come back, the images tonight. the fire at a new york city apartment building. the escape from an upper floor. and the breaking headline tonight involving actor alec baldwin and the search warrant. the ride of your life is closer than you think. for the first time ever, buy your new car entirely from home with nissan@home. delivered direct from dealer to driveway. ....
Who is the winners in this scenario? it sounds like people are going to be shopping. people are definitely going to be shopping. i think people consumers were really experiencing two things. pent up demand and frugal fatigue. basically in the last two years, no one really was able to go out and really experience what the magic of holidays. people want to see the lights and see people shopping. they have been saving a lot. they really there wasn t much to spend on. i don t know about your family, but we didn t really give gifts last year. so people really want to give gifts. and gifting is going to be something that people are going to be doing not just in this season, but year round. this is according to toby donager group. people are going out and wanting to spend this. to your point, oracle came out with a study and 77% of consumers are worried that supply chain is going to those issues are going to have an impact on whether they re going get gifts. you re going to see a rise ....
At once. pent up demand juiced by the stimulus and shocks to the supply side and that is great in an environment where rages are rising where products cost more, transportation, logistics and transmission and fuel prices, everything is costing more. so far wage pressure has continued its upward trajectory so consumers are keeping place with inflation and we expect to see inflation moderate and we ll have more stability in the prices and get things back in balance between supply and demand. matthew shay, thank you. thanks, alisyn. now to politics. kevin mccarthy has been loyal to former president trump and his kroefl allies in congress. but one of the very republicans that mccarthy has protected said he does not have the votes to be speaker if the republicans win back the house. we ll get into that fight next. ....
Inflation. this is inflation in terms of having limited supply at the same time that we have great pent up demand coming out of the worst of the coronavirus, the worst of the pandemic, and supply and demand simply are out of sync. you sent me in two different directions, and we ll try to hit both of them. if these changes are impacted, there could be alleviation in a month. that would be of the bottleneck of getting cargo ships into port and getting the containers off, but how long do we expect the elevated inflation, the consumer price index we have seen above 5% now, how long do you expect that will stretch into 2022? that could stretch into four or five, possibly even six months. i doubt more than six months. but let s keep this in perspective. these elevated prices are to be expected when you re coming out of any national crisis. we saw it after the two world ....
No drinking with the people. having a good time. feel that. having college kids who have been pent-up for a year, everything on campus has been shut down. you know they couldn t even do intramural football let alone this kind of thing. look at that sense of college energy. it does bring us all back to the college days. that is america. will: instagram post from the auburn tigers, they put out a statement i believe in my country because it is the land of freedom. we honor the 13 because of the sacrifice. it is possible to have days like today. celebrate days like today. take this moment really quickly to apologize to the american public, i went 0-3 yesterday. i spent time giving you picks. i lost on wisconsin. i lost on clemson. look louisiana against my longhorns getting points. 0-3 sorry. lawrence: we ll give you time to recover. rachel: stop taking football tips from me. ....