As well as millions of americans facing unemployment and a lack of another stimulus package to put cash in the pockets. Has many wondering what we can expect from this Holiday Shopping season. So lets get some expert analysis from dr. Banky shankar, director of research at the center for retailing studies at Mays Business School at texas a and m. And dr. Barbara stuart, the coordinator of retailing and Consumer Sciences at the university of houston. Thank you both for being here today. Dr. Stuart, i want to start with you. Were seeing a change in black friday due to the pandemic and stores want to avoid crowds. What are some new trends that were already seeing for the black friday this year . Well, here are 3 aspects that will make this a black friday like, you know, rather firstly, Online Shopping has exploded. Secondly, shopping, and thirdly, retail is innovating and so on the on line explosion, as the panamic began. My degree said consumers change the way they shot 40 percent of peo
Bloomberg technology. Lets take a look at the markets on the day. It was a risk on session, of course avenue do with the news out of madera that they have a vaccine that is 94. 5 effective on the volunteers. 500hat news, the s p finishing higher. Some nice gains out of the nasdaq. Moderna itself sharply higher. After the market, we did have news coming from brookshire and s. Her hathawaye berkshire added to their portfolio in terms of health care. Typically, health care a defensive space. With the virus, perhaps these additions have something to do with the virus. Stocks have been down sharply on the day after moderna news about the virus came out. Likingours, investors pfizer as well. All right, abigail doolittle, thank you so much for that round up. I want to get to airbnbs filing. The company disclosing details of its initial Public Offering plans for the first time, releasing Financial Results and previously confidential information on its operations. In ipo search that has largely
Weekend as a chance to get a jump on the Holiday Shopping, chinas single day may actually be the biggest worldwide. In fact, ecommerce behemoths ali baba expanded its single day offering to take place over 11 days this year and nearly doubled sales to more than 75 1000000000. 00. And thats ali baba alone, while black friday was once and now known for outrageous door busters that caused consumers to line up in front of Big Box Stores like target, walmart, and best buy 2019 was the 1st year in which more people shopped online than in store for the most part, sales figures have continued to trend up over the last 2 decades. But the covert 19 pandemic has thrown a wrench in the works. The fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in a customers pockets. Has many wondering what we can expect from this Holiday Shopping season. So lets get some expert analysis
The news. Right. And people laugh theres means going around that every investor is a legendary investor. But stand back and dollar and bill miller are 2 legendary investors. This is huge quote from stanley druckenmiller. Im a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot of attraction as a store of value says legendary investor stanley druckenmiller. Well, this is the poster jones effect, a member on this show 1st of all for 10 years. Ive been talking and he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. So 1st it started off with collectors and speculators and hackers and then it moved on to the corporate level and then it moved on more to with Michael Saylor over there. Micro strategy, a corporate balance sheet. Strategic reserve love on. Now its moving up to the biggest managers of wealth in the world whove been its literally trillions and trillions of 1
Ill be back in about 60 minutes with more hope to see you. Then i am max keiser. This is the very kinds a report in no, never discount the power of meaning. Yes. Max, my favorite mean of all time, really, i think thats the heart of all the stuff that is going on. Whether it was the failure to predict what happened in 2016, both in the us election and breaks. And now in 2020, is that when you create this fantasy world around you of money printing price, propaganda, and political misunderstanding where you never leave your bubble on twitter of all blue checkmarks where you never, it leaves your manhattan elite circles or d. C. Circles. Then you dont understand the people and once again, you know, as we saw, and as we see this unfolding boat disaster around us. This mean tells everything you need to now. Its, heres the screaming pollsters, the screaming mainstream cable news media yelling at the people that the people got it wrong. They got it wrong. Its, this is reality. Thats the cat ca