Page 2 - 586 Billion News Today

>> happy thanksgiving. >> how badly does the economy need this boost right now? >> i guess thats the $586 billion question. yes, of course, our economy has been starting to slow down. we saw 2% growth in the third quarter. going back to president bush after 2001 when he told americans to go out and do more shopping, that, actually theres something to that concept. the reason is because gdp is -- consumer spending is about 70% of gdp. >> only problem with spending, though, a lot of people put thi...

Know, but more and more people are attracted to this? i mean, on thanksgiving day, the movie theaters are a hot ticket for people. >> always packed. right? >> is this now shop, people getting a jump-start on black friday? >> the big take-away is the number. its $586 billion. thats how much money is expected to be spent over black friday and into the weekend. thats from the national retail federation. now, thats up 4.1% nape ear expecting that to be up 4.1%. thats higher than the ten-year nationa...

Hitting one store at the exact same time. take a look at some of the video of previous shopping holiday seasons. this is a very important time for retail sales. no need to tell but that. weve seen what happens. lets get into some of the numbers, because after people hit the stores its all about the dollars they spend. here is what the nrf is actually predicting. you and i and the rest of the country are going to spend this holiday season, $586 billion a new calculation by the way. they use a new...

Because tis the season to do so. hows that look? >> can you believe holidays are right around the corner? >> no. >> 86 degrees outside right now. holiday is on the mind. theres going to be about 300,000. so 300,000 jobs being added through seasonal hires. these are all by major retailers like walmart, big stop, kohls. target is adding 80 to 90,000 jobs. >> really? >> just for seasonal hires. >> just for target. >> right. the national retail federation is expecting retail sales to be about $586 b...

Europes debt zone to a raft of earnings. its got to be a big week for the business world. what have we got coming up? lets take a look at the key numbers. starting today, its going to be a very big day in brussels today. the 17 eurozone finance ministers are meeting, and theyre going to debate whether to increase the emergency fund for the blocks struggling economies. right now theres $586 billion to play with in that pot, but some analysts say it should be more than double that to protect the e...

Doug? >> reporter: hi, jenna. in departure from the normal procedure the president himself will announce the epa clean air regulation. it will be the most stringent yet and natural gas plants and coal-fired plants to produce no more than 1,000-pound of co2 per megawatt hour of electricity. natural gas plants can do that very easily. even the newest coal-fired plants can not meet that standard. that has set off a firestorm of protest, not among the fossil fuel industry and congressional republica...

Meanwhile, a separate report showing 36 other regulations are jacking prices up from everything to appliances to cars. the cost of these things really add up. thats made $289 billion for electricity and disposable income would decrease by $586 billion. thats a lot of cash. >> it is. regulations are a tax that all americans pay in a big way and theyre an obnoxious conceit that presumes those that cannot can overseed those that can. theyre the equivalent of saying oxford college could beat the usc...

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