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Thanksgiving holiday weekend breaks shopping records
  + stars: | 2023-11-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving holiday weekend breaks shopping recordsMatt Shay, National Retail Federation CEO, joins 'Squawk on the Street' to discuss how the holiday consumer is holding up, the difference in shopper traffic between Friday and Saturday, and more.
Persons: Matt Shay Organizations: National Retail Federation
New York CNN —More people than ever flocked to stores and websites over the Thanksgiving and Black Friday holiday weekend this year, but consumers didn’t quite break the spending record set in recent years. The group said consumers spent $321.41 on average (unadjusted for inflation) on these types of items compared to $325.44 over the same time last year. The Thanksgiving holiday weekend typically marks the start of the year-end gift-buying rush. The NRF’s own projection calls for a slowdown in holiday sales growth this year. And for Cyber Monday, the numbers were even stronger — consumers spent $12.4 billion, a 9.6% increase from 2022.
Persons: New York CNN —, trumping, NRF, It’s, , Matt Shay Organizations: New, New York CNN, National Retail Federation, Industry, , Adobe Analytics Locations: New York
watch nowThe consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%, according to the new CNBC/NRF Retail Monitor. The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on data from Affinity Solutions, a leading consumer purchase insights company. The data differs from the Census Bureau's retail sales report as it is the result of actual consumer purchases, while the Census relies on survey data. The government data is frequently revised as additional survey data becomes available. The CNBC/NRF Retail Monitor is not revised as it's calculated from actual transactions during the month.
Persons: Matthew Shay, Dan Colarusso Organizations: CNBC, NRF, Retail Monitor, National Retail Federation, Affinity Solutions, Affinity, Business
NASHVILLE, Tenn. (AP) — The CMA Awards are back Wednesday to honor the top artists in country music, with Lainey Wilson, Jelly Roll, Ashley McBryde and Morgan Wallen among the acts hitting the stage. Wilson is the leading nominee for the second year in a row, competing for entertainer of the year along with Carrie Underwood, Chris Stapleton, Morgan Wallen and Luke Combs. Luke Bryan and Peyton Manning will host the ceremony, which will feature a musical tribute to the late singer-songwriter Jimmy Buffett. Wilson is up for nine awards, including her collaborations with HARDY ("Wait in the Truck") and Jelly Roll (“Save Me.”)Political Cartoons View All 1237 ImagesRapper-turned-singer Jelly Roll, who earlier this year topped the CMT Music Awards, has five nominations, including best new artist. More than 30 years after she won two Grammy Awards for “Fast Car,” Tracy Champman could win a song of the year trophy at the CMA Awards thanks to Luke Combs' cover.
Persons: Lainey Wilson, Jelly Roll, Ashley McBryde, Morgan Wallen, Wilson, Carrie Underwood, Chris Stapleton, Luke Combs, Stapleton, Dan + Shay, Luke Bryan, Peyton Manning, Jimmy Buffett, HARDY, Zach Bryan, Parker McCollum, Megan Moroney, Hailey Whitters, ” Tracy Champman Organizations: Bridgestone, ABC, CMT, CMA Locations: Tenn, Hulu
New York CNN —Retailers are projecting slower growth this holiday shopping season as inflation, higher borrowing costs, and the resumption of student loan repayments cause many consumers to pull back. The government reported that strong consumer spending drove the economy to a robust 4.9% annual growth rate in the July-September quarter. Consumer confidence dropped for the third consecutive month despite the booming economy. The resumption of student loan repayments last month after a three-year pause could also impact consumer spending. “Student loan repayments will diminish the already dwindling savings among younger households,” Moody’s said in a report this week.
Persons: Matthew Shay, ” Dana Peterson, “ Consumers, , ” Moody’s, ” Shay Organizations: New, New York CNN — Retailers, National Retail Federation, , Consumer, Conference Board, Consumers Locations: New York, splurging
The ContextHoliday retail sales are a closely watched measure of the health of the U.S. consumer and often the most lucrative time of the year for major retailers. The BackgroundThis year’s estimate of holiday sales growth is lower than in previous years. In 2022, holiday sales increased 5.3 percent from the year before to $936.3 billion. Average holiday sales growth from 2010 to 2019 (right before the pandemic) was 3.6 percent, the organization noted. What’s NextThis month, major retailers like Walmart, Target and Macy’s will report quarterly earnings and are expected to give their outlook on the fourth quarter.
Persons: ” Matthew Shay, ” Mr, Shay, Brian Cornell, “ They’re, Mr, Cornell, Organizations: Federal Reserve, Wall, Fed, National Retail Federation, Walmart, Target, CNBC
Over the past decade, holiday sales have grown roughly 5% year over year on average, according to the NRF. Elevated prices are driving the reported sales growth, too. NRF's holiday forecast is not adjusted for inflation, which means the actual sales gains may not be as large as they seem. Despite the NRF's expectations for sales growth, major retailers including Target and Macy's have tempered expectations for the holidays. In the year-ago holiday season, retail sales rose 5.3% compared with 2021 and reached $936.3 billion, according to the NRF.
Persons: Jack Kleinhenz, Matt Shay, Shay, Brian Cornell, they're, Prosper Organizations: National Retail Federation, Bureau, Labor, Target, Walmart, Home Depot
"[Organized retail crime] has to be dealt with in a comprehensive way. The retail lobby group dubbed its event "Fight Retail Crime Day." Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. Organized retail crime is different from shoplifting. The Combating Organized Retail Crime Act was reintroduced earlier this year.
Persons: Sen, Chuck Grassley, Matthew Shay, William Blair, Scott McBride, McBride, Dina Titus Organizations: Capitol, National Retail Federation, Retailers, Department of Homeland Security, American Eagle Outfitters, Walgreens Locations: Iowa, Washington
But they could not protect him the night of May 1, when Lynchburg, Virginia, police say several shooters fired multiple guns into the family’s home, killing Kingston. “I really, really miss him.”The baby of the familyIf you met Kingston, the first thing you might notice were his green eyes. “Everybody always commented on his eyes … All the ladies loved that.”Kingston Campbell poses with his very protective big sisters. “If Kingston couldn’t play, they wouldn’t play either. “Everybody just loved Kingston,” she said.
Persons: Kingston Campbell, Shay Fowler, Kingston, , , ” Fowler, she’d, ” Kingston Campbell, Shanytra Fowler, I’m, who’ve, Fowler, Kingston’s, won’t, He’ll, ” “ Organizations: CNN, Kingston, Pittsburgh Steelers Locations: Lynchburg , Virginia, Kingston, United States,
CNN —To hear 11-year-old De’Evan McFall tell it, he was going all the way to the NFL or NBA. And De’Evan could have been far more than a youth league legend if he had the chance, the coach believes. But on January 15, De’Evan was shot and killed by a stray bullet fired by a teenage girl who was fighting another girl, Dallas police said. The teen who fired the gun had been fighting De’Evan’s sister, according to De’Evan’s mother, Vashunte Settles. In just seconds, Settles became one of the hundreds of parents to lose children to gun violence this year.
Persons: , Byron Sanders, De’Evan’s, Sanders, De’Evan, Vashunte, De'Evan McFall, Choppa, , he’s, ” De’Evan, wouldn’t, , De'Evan's, ” Sanders, who’ve, Shay Govan, Govan, De'Evan, Angela, ” Govan, that’s what’s, they’d, ” De'Evan, NLE Choppa Organizations: CNN, NFL, De’Evan’s Dallas, football team, DeSoto Colts, Dallas, NBA, Firearms Locations: Govan
“It’s about time,” Franco-Clausen, co-chair of the National Black Justice Coalition’s Good Trouble Network, an initiative that aims to advance policies that benefit the Black LGBTQ+ community, told CNN. She is currently the only Black woman serving in the Senate, and the third ever to serve in the chamber. But Franco-Clausen said she hopes the California senator will usher in a new era of representation. Among Democrats, 52 Black women have served in the House and three have served in the Senate. David Johns, the executive director of the National Black Justice Coalition, said he believes Butler’s presence in the Senate is reflective of the work of previous Black LGBTQ+ political leaders.
Persons: CNN — Shay Franco, Clausen, Laphonza Butler, Franco, Sen, Dianne Feinstein, , ” Franco, Coalition’s, Butler, , Kamala Harris –, Feinstein, Gavin Newsom, Charles Schumer, Alex Padilla, Tom Williams, Feinstein … Laphonza, “ Sen, Dianne Feinstein’s, ” Butler, Adam Schiff, Katie Porter, Barbara Lee, Hillary Clinton’s, Kamala Harris ’, who’s, Arnulfo De, Arnulfo De La Cruz, “ Laphonza, Laphonza, Shirley Chisholm, Melanie Campbell, David Johns Organizations: CNN, National Black, Network, Senate, San Francisco, of Supervisors, Committee, Senate Intelligence, Inc, Getty, Washington , D.C, Democratic, Congressional Black Caucus, House Democratic, Jackson State University, University of California, Regents, National Children’s Defense, Service Employees International Union, SEIU, Center for American Women, Republican, Victory, National Coalition, Black, National Black Justice Coalition Locations: California, D, Washington ,, Mississippi, Arnulfo De La, Congress
Twenty/20October is unofficial start of holiday shopping seasonThis year, half of shoppers plan to begin their holiday shopping by Halloween, according to a recent Bankrate report. Early estimates point to a strong shopping seasonWith more shoppers getting an early start on the season, holiday retail sales are likely to increase between 3.5% and 4.6% in 2023, according to Deloitte's annual forecast. "We expect healthy employment and income growth to keep the volume of sales growing for the 2023 holiday season," said Daniel Bachman, Deloitte's U.S. economic forecaster. Student loan payments could weigh on wallets"Student loan payments are another drag on the consumer," said Brett House, professor of professional practice in economics at Columbia Business School. "On the other hand, labor markets remain strong," House added.
Persons: RetailMeNot, Daniel Bachman, Matthew Shay, Jack Kleinhenz, Brett House Organizations: National Retail Federation, Columbia Business School Locations: Deloitte's U.S
3-Stock Lunch: ARM & NFLX
  + stars: | 2023-09-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: ARM & NFLXDanielle Shay, Simpler Trading vp of options, joins ‘Power Lunch’ to discuss three stocks: Arm Holdings and Netflix.
Persons: Danielle Shay Organizations: Arm Holdings, Netflix
But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.
Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, , Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, , , CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, , Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com
3 Buys and a bail: AAPL, AVGO, TSM & QCOM
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3 Buys and a bail: AAPL, AVGO, TSM & QCOMDanielle Shay, Simpler Trading VP of options, joins 'The Exchange' to share three buys and a bail, including; Apple, Broadcom, Taiwan Semi and Qualcomm.
Persons: Danielle Shay Organizations: Apple, Broadcom, Taiwan Semi, Qualcomm
MIAMI (AP) — Joe Jonas filed for divorce from Sophie Turner on Tuesday after four years of marriage and two children. The 34-year-old Jonas Brothers singer filed to end his marriage with the 27-year-old star of “Game of Thrones” and “X-Men” actor in Florida's Miami-Dade County Court. Turner and Jonas married in a secretive ceremony at a Las Vegas wedding chapel on May 1, 2019, after the Billboard Music Awards. Representatives for Jonas and Turner did not immediately respond to requests for comment. The Arizona-born Jonas came to fame with brothers Nick and Kevin in a band starting in 2005 and subsequent Disney Channel series.
Persons: — Joe Jonas, Sophie Turner, Jonas Brothers, Turner, Jonas, Dan, Shay, Willa, Sansa Stark, , Jean Grey, Nick, Kevin Organizations: MIAMI, Dade, Dade County Court, Billboard, Disney Locations: Florida's Miami, Dade County, Vegas, Northampton, England, The Arizona
Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."
Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com
3-Stock Lunch: MMM, AMGN & CRWD
  + stars: | 2023-08-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: MMM, AMGN & CRWDDanielle Shay, Simpler Trading VP of options, joins ‘Power Lunch’ to discuss three stocks: 3M, Amgen and Crowdstrike.
Persons: Danielle Shay Organizations: AMGN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Retail Federation CEO on retail shrinkage: It's a real issueMatt Shay, Nation Retail Federation president and CEO, joins 'Squawk Box' to discuss the state of the consumer, the problem with shrinkage and theft, the impact on retailer's bottom lines, and more.
Persons: Matt Shay Organizations: National Retail Federation, Nation Retail Federation
In the last year, credit card debt spiked to a record high, while the personal savings rate fell. But revolving debt, which mostly includes credit card balances, contracted in June, according to the Fed's G.19 consumer credit report released earlier this month. After a strong start to the year, credit and debit card spending started to slow in the spring, Bank of America's most recent consumer checkpoint found. Already, the average credit card rate is more than 20%, an all-time high. 'A consumer spending slowdown is inevitable'
Persons: Jack Kleinhenz, Kleinhenz, Matt Shay, Shay Organizations: National Retail Federation, Federal Reserve Bank of New, Bank of, Amazon Locations: Federal Reserve Bank of New York
A busy week of retail earnings revealed that American consumers are spending with value top of mind. This disparity signals that certain discretionary goods categories are working while others are not. TGT YTD mountain Target YTD performance Target on Wednesday reported a second-quarter that reflected weak sales along with a slowdown in discretionary spending. TJX YTD mountain TJX Companies YTD performance TJX tells a different story. COST YTD mountain Costco YTD performance Looking ahead, Costco is set to release its fiscal fourth-quarter earnings on Sept. 26.
Persons: Jim Cramer, Matthew Shay, Doug McMillon, Brian Cornell, That's, Maxx, TJX, Ernie Herrman, it's, ROSS, Ross, Jim, Jim Cramer's Organizations: Walmart, TJX Companies, Costco, National Retail Federation, CNBC, Retailers, Health, Wellness, Walmart's, Marshalls, & Beverage, Food & Beverage, Target, Ross Stores, Corbis, Getty Locations: Maxx, TJX, U.S, Teterboro , New Jersey
Three-Stock Lunch: CHK, CSCO & WOLF
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: CHK, CSCO & WOLFDanielle Shay, Simpler Trading VP of options, joins ‘Power Lunch’ to discuss three stocks: Chesapeake Energy, CISCO and Wolfspeed.
Persons: WOLF Danielle Shay Organizations: Chesapeake Energy, CISCO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are in control of this economy, says National Retail Federation CEO Matt ShayMatt Shay, National Retail Federation CEO, joins 'Closing Bell Overtime' top talk retail earnings, the state of the consumer and what's ahead for the economy in the second half of 2023.
Persons: Matt Shay Matt Shay Organizations: Consumers, National Retail Federation
REUTERS/Kim Kyung-Hoon/File PhotoAug 9 (Reuters) - DAZN has secured the rights to stream Saudi Pro League matches for a two-year period in the UK, Ireland, Germany, Austria, Belgium and Canada, the sports video service said on Wednesday. As part of the deal, DAZN will stream three Saudi league matches per week. Since the capture of Portugal forward Ronaldo, the Saudi league has grown in stature by signing top players from Europe, including Ballon d'Or winner Karim Benzema who left Real Madrid to join champions Al-Ittihad. "The RSL (Roshn Saudi League) is rapidly developing into an international phenomenon, attracting some incredible talent that will only improve an already strong and vibrant competition," Shay Segev, DAZN Group CEO, said in a statement. The new season kicks off on Friday with Al-Ahli -- who have signed Champions League winners like Riyad Mahrez, goalkeeper Edouard Mendy and Roberto Firmino -- taking on Al-Hazm.
Persons: Kim Kyung, DAZN, Cristiano Ronaldo, Sadio Mane, Ronaldo, Ballon, Karim Benzema, Shay Segev, Riyad Mahrez, Edouard Mendy, Roberto Firmino, Rohith Nair, Ken Ferris Organizations: REUTERS, Saudi Pro League, Saudi, Al, Bayern Munich, Real, DAZN, RSL, League, Thomson Locations: Tokyo, Japan, Ireland, Germany, Austria, Belgium, Canada, Portugal, Europe, Real Madrid, Ittihad, Saudi League, Ahli, Bengaluru
Three-Stock Lunch: General Electric, Ford, and Hasbro
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: General Electric, Ford, and HasbroDanielle Shay, Simpler Trading, joins 'Power Lunch' to discuss Shay's investing take on three stocks: General Electric, Ford, and Hasbro.
Persons: Hasbro Danielle Shay Organizations: Ford, Hasbro
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