859 Billion News Today

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...

Join us now is cnn business correspondent alison kosik outside macys in new york city. what are you hearing from shoppers today? >> reporter: jessica, shoppers are excited to shop for the holiday season in stores, something that they couldnt do last year and, you know, everybody is just spending more on everything, but they are still shopping like crazy. in fact, the national retail federation is expecting holiday spending to break records this year. consumers are expected to shell out anywhere ...

Supply chain issues and higher prices affect the holiday shopping season? cnn business correspondent alison kosik is outside macys in new york city. what are you seeing this morning? >> reporter: good morning, jessica. its feeling pretty festive this morning in harold square where macys is. the holiday lights are out, the windows are adorned with holiday displays and people are shopping at this historic department store. this will be a historic shopping period as well because we are paying the m...

It is black friday. but shoppers are facing supply chain issues, labor shortages and higher prices. so are they hitting the stores in person this year? cnn business correspondent alison kosik is outside macys in new york city. what are you seeing? >> reporter: it is feeling pretty festive already at macys in herald square. despite the fact that we are spending -- paying more for items than we have in almost 30 years, people are spending money. spending a lot. the national retail federation expec...