That first macro trends advisor mitch rishel joins me now, retailers were already offering deep discounts ahead of the start of the Holiday Shopping season despite all the advanced shopping, is there still some pentup demand . I think theres tremendous pentup demand, deep discounts went down into the summer and some retailers especially the division is offering them as black friday deals on fridays in july and august, tremendous pentup demand, i think its cabin fever, retail therapy, i think there is enough momentum to carry us through the holidays with the level of volume. Dagen is there enough money to curious into the holidays remember the extra money people were getting on their unemployment checks that expired at the end of july, is there enough money that people have socked away to really drive sales . I think so, you look at the savings rate which spiked in april and even has come down a bit, it is still two times the level of savings that americans normally do think about the t
Beyond. That first macro trends advisor mitch rishel joins me now, retailers were already offering deep discounts ahead of the start of the Holiday Shopping season despite all the advanced shopping, is there still some pentup demand . I think theres tremendous pentup demand, deep discounts went down into the summer and some retailers especially the division is offering them as black friday deals on fridays in july and august, tremendous pentup demand, i think its cabin fever, retail therapy, i think there is enough momentum to carry us through the holidays with the level of volume. Dagen is there enough money to curious into the holidays remember the extra money people were getting on their unemployment checks that expired at the end of july, is there enough money that people have socked away to really drive sales . I think so, you look at the savings rate which spiked in april and even has come down a bit, it is still two times the level of savings that americans normally do think abo
Terrorism. No one has claimed responsibility for years of supporting social movements like its business, as usual with the race to the world. This is our international company. My names, you know, we begin in the french capital where protesters are continuing to vent their anger over a new security trick the filming of police images. By the way, right from police been using tear gas evening to disperse the crowd. I think lets cross live now to Charlotte Dubin speak, whos among the crowds and parsed for more and why what were seeing is actually happening things. Charlotte, theyre appearing quite tense. Whats your sense of it . Do police seem in control of the situation right now . The police are incredibly in control of the situation from what we can see, what they have done these cool doth all around the pasty area. If you just have a look at my camera, we all of the other side of the past, and you may be able to see the fence that is there, those fences and Police Vehicles blocking mo
Nasdaq. Now, here are the negative for stocks today. Dr. Fauci suggesting a lockdown christmas. Why . With all the traveling and celebrating we did over thanksgiving, its expected to produce a new round of infections that will in turn require a new round of restrictions. Well have more on this throughout the show. I get the impression were being treated like children, punished for celebrating our national holiday, but dont get me started. One more item. The biden team takes shape, very similar to the Obama Biden Team that left Washington Four years ago. Neera tanden could go to the budget office, Jared Bernstein expected to become a president ial adviser, he was Vice President bidens chief economist, and back to the future . Sure looks like it, doesnt it . On the show today, the priceline ceo offering deals to get people back to travel. The waffle house ceo, hes pounding the table, keep dining rooms open, hes pleading. And mrs. Fields cookies, their ceo somehow has to replace the reven
With that light wind overnight, look at the temperatures, dropping into the low 30s in the north bay, 31 in santa rosa, 32 in novato, 33 in livermore with freezing conditions in the san ramon valley. 39 in oakland, cold for oakland, anywhere from two to seven degrees colder this morning, along the shoreline and your forecast calls for plenty of sunshine, upper 50s by noontime. By the afternoon weve got low 60s around the bay and looking at another clear and cold night tonight. Temperatures are going to stay on the mild side. Well tell you how mild and talk about the rest of the weekend, the week ahead, coming up. Liz . Lisa, thank you. Today is Small Business saturday as we mentioned, but no matter the turnout, some berkeley shops are getting some extra help. The city of berkeley raised millions of dollars for a relief fund. Abc 7 News Reporter luz pena spoke to the mayor of berkeley who says there are still more ways for the community to now chip in. Reporter may 2020 marked ten years