Page 2 - 655 Billion News Today

Companies going to spend their tax savings or save them. obviously more spending will drive growth but keep in mind most economists have kept forecasts for overall economic growth at 2%, which is, by the way, pretty anemic. despite what trump says about consumers, theyre not necessarily feeling a whole lot better. look, he cites that projection of holiday spending of $1 trillion. there is an estimate that that estimate is more like 655 billion, which is not a trillion. investors are waiting for ...

Potenti potential, but right now it is a club for people to get together and talk and have a good time. so sad. >> wait, there is more. trump taking credit for the busy holiday shopping season. the world was gloomy before i won. there was no hope. now the market was up 10% and christmas spending is over $1 trillion. so theres no sourcing for that $1 trillion. there was a survey predicting it would be spent. this survey was done in september. i digress. the retail federation close to $655 billion...

Holiday sales projected to be healthy but not as big as in the past. projecting $655 billion in november and december retail sales. up about 4% from last year. online sales they say will be $117 billion. that keeps growing, the online sales. these are a projection. we will wait for final numbers in january. we did speak to a market track analyst this afternoon that says theres a reason the holidays seem to start earlier and earlier every year. the reason probably wont surprise you. >> the though...

Poppy. >> i dont like it. it feels like summer outside and i want the snow. thats how i feel about this. thank you, chad. a huge holiday for retailers. americans spending hundreds of billions of dollars on gifts and now after the big after-christmas sales are coming and, of course, those returns. those things you dont like are getting under way. cnn business correspondent alison kosik has the details. youre going to make the returns easy on pus. >> americans unloaded hundreds of billions of do...

Theres still time to get exactly what you want at verizon. all right. the holiday shopping season wrapping up. americans unloaded hundreds of billions of dollars on gifts. the national retail federation predicts $655 billion on gifts.

Macys. >> hay, it happens every year. the national retail center says about 40% of clothing is returned. that is a lot of returns when you talk about hundreds of billions of dollars every year. it makes it a very busy day here and week. macys opened very early this morning. i think 7:00, opening at about 11:00 tonight. a little rainy here tonight. at least it is not freezing cold. theyre open early, theyre staying open late. a lot of people shopping. it looks like it is before christmas and not ...

Holiday sales projected to be healthy but not as big as in the past. projecting $655 billion in november and december retail sales. up about 4% from last year. online sales they say will be $117 billion. that keeps growing, the online sales. these are a projection. we will wait for final numbers in january. we did speak to a market track analyst this afternoon that says theres a reason the holidays seem to start earlier and earlier every year. the reason probably wont surprise you. >> the though...

Cnn business correspondent alison kosik with the details. >> tally up how the holiday shopping season went. would you believe that americans unloaded hundreds of billions of dollars on gifts. the national retail federation forecasts a 3.6% jump in sales from last year. that total amount spent an incredible $655 billion. now, it was estimated that americans had planned to spend an average of $935 on gifts. thats second to last year. now, im thinking that some of what was spent on you for things t...

Remain peaceful stands with u.s. policy. >> eugene scott, thank you for analysis. we will bring you back in 25 minutes. >> great. see you. the holiday shopping season is wrapping up and americans unloaded hundreds of billions of dollars on gifts. the national retail federation forecasting a 3.6% jump in sales from last year. the total amount spent $655 billion. americans plan to spend $935 on gifts. that is second only to last year. mobile was a bright spot for retailers. stores like macys and...

Overall savings app thats out there. >> i like that camel, camel prices going up and down. talk about the fact that it is predicted this is the biggest black friday ever, some have said this is a sluggish economy, what does it say that people are shopping with great gusto. >> the national retail federation are reporting that the overall shopping for black friday, overall holiday in general is going to hit almost close to a trillion dollars. i think the specific number was $655 billion. >> that i...