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>> martha: we also -- >> republicans have already called for three things that will increase the deficit. get rid of the irs investigations on well off corporations and individuals, that is 114 billion. they will increase medicare spending by 159 billion -- >> martha: the questions i asked you, which is why doesnt the president talk about fiscal responsibility -- >> he did talk about fiscal responsibly -- >> martha: he cut spending in order to get the debt limit. >> we are not little sheet and o...

Oil companies were making more money than they ever have before. exxonmobil, chevron and shell posted annual record profits. if you think theyre going to use the money to make your trip to the pump less painful, think again. cnns matt egan is at the magic wall to help us understand that. how much money are we talking about here, and what exactly are they planning to do with it, since it doesnt seem to be give the rest of us a break? >> big oil is minting money right now. check out these eye-popp...

To the residents of glasgow north, my constituency staff, local party members, family, friends and anyone else who has been affected by my behaviour in any way. job vacancies have hit a new high as employers struggle to find enough staff to meet demand. here is our economics correspondent. this occupation was on the front line of the pandemic, but like much of the rest of the economy, the £59 billion a year cleaning industry is going through an acute recruitment crisis. when you are doing this,...

Link to the formula made there. one question is what is going on at the factory? why is it not online? we are ramping up production elsewhere. we are trying to get this factory back online. the fda has not explained whats taking so long. someone needs to be kicking butt to get this back online. meanwhile, if you are president biden, you must be thinking to yourself what else could go wrong? you already have inflation, supply chain problem, and now of all things, a shortage of baby formula. >> le...

De-escalate. how embarrassing for america getting briefed and ordered around by the french. but not anymore embarrassing then america being left in the dust by the chinese. hunter biden, our overall trade deficit ballooned to an all-time high. this is shocking. $859 billion. thats a 27% increase from the year before. president biden might not know how to make americans happy, but the chinese, they got to love him, because the trade deficit with china grew 14.5% for the full year to $355 billion,...

♪ ♪ ♪ im so defensive, i got bongos thumping in my chest ♪ ♪ and something tells me they dont beat for me ♪ ♪ i love romance, but i got eggshells around me ♪ ♪ dont step on em, dont step on em ♪ ♪ dont step on em, dont step on me ♪ ♪ ♪ ♪ hed better not take the ring from me ♪ time now for some of the business news you need to start your day, and weve got some good news for retailers. this year saw the biggest annual increase in holiday sales in 17 years, despite...

$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...

Brings a different kind of holiday. black friday. the day traditionally signifies the kickoff to holiday shopping season. this was the scene at the mall of america on friday. clothing led the way with 86% increase over last year. with supply chain bottlenecks and fears of inflation, shoppers, might find higher costs and effort shelves. alison kosik has the details. >> reporter: despite the fact that were paying more for almost everything, consumers are shopping like crazy. the national retail fe...

Reopen later this morning. alison kosik is live in herald square in new york. allison, what are we expecting today? >> reporter: good morning, brianna. you know, its feeling pretty festive at the macys here in herald square. the windows are all em blazoned in lights and holiday themes. an hour ago macys opened to a crowd of dozens waiting to get in. despite the fact that prices are rising at the fastest pace in 30 years, consumers are shopping like crazy. the national retail federation expects t...

Harold square at macys. people are shopping, the window displays are out, and people are spending money despite the fact we are paying more for just about everything. the rational retail federation expects holiday spending to break records this year, that consumers are expected to shell out anywhere between $843 billion to $859 billion by the time weve finished the holiday shopping season. as you said, today is black friday, the unofficial start to the holiday shopping season. 108 million people...