Recession. And whether you hit the stores yesterday or not, plenty of people are out this morning. If you are planning on waking up early for your black friday sales, youre late. Step et up. Shoppers are expected to spend an average of 650 this weekend. Thats 11 1 more than last year. We have the chief merchandising officer at toys r us. Then well be joined from Tysons Corner, a huge mall in virginia. Bobby kotick will be join onning us on air. Electronic items are expected to be a big seller this year especially with the launch of the xbox and the new play station consoles. Coming up in the next hour, we have Terry Lundgren. And at 8 40 this morning, the ceo of Brooks Brothers. We have a packed line upof guests ready to giving us a look at the American Consumer. We start with dana telsey this morning. We have heard a lot of stories about some expecting disappointment, some maybe not great retail numbers. But what do you really think is going to happen this Holiday Season . I think its
real money. The bad news, homes are becoming less affordable. I want to talk to you about Home Affordability. The most important factor in the equation is your income. The next is the actual price of the home. The mortgage, not just the rate but how much it is going to be. You figure that out by calculating what percentage of your income will go to your mortgage payment on a monthly basis. The National Association of realtors take all those factors into account in its monthly Home Affordability index. This is the way its look like in the last year. It shows nationwide, affordability has come down from last august to this august. That means more americans who have good credit, 20 down who qualify for a 30 year fixed Rate Mortgage cant afford to buy a home where they live. The obvious culprits are rising home prices and higher Mortgage Rates. Now not all markets are the same. Real estate is always local and trulia a real estate Mortgage Firm has crunched numbers for 99 markets across the
Act before the end of the year. One person is in custody after a shooting at a National Guard armory north of memphis, tennessee, who people are shot and are recovering tonight. The gunman was subdued by other soldiers. The fire chief said the victims and the suspect all work for National Guard. Pirates are holding the american captain of a ship, 11 other crew members are released, the nigh jeerans are searching for remaining crew members. Thats it for al jazeera, real money with ali velshi is next on al jazeera america. Theyve got good credit and an up or down payment. Why cant the majority of americans cant buy a home. And Social Security is it there for you to retire . And twitter goes on sale by as early as november 7th but does it have the right game plan . Im ali velshi and this is real money. This is real money. You are the most important part of the show so join our live conversation with the next half hour, use the real money. The bad news, homes are becoming less affordable.
Meet antitrust concerns. Apple investigating reports the icon was hacked to gain access to nude photos of celebrities. Among those whose pictures were put on the web, actresses Jennifer Lawrence and kiersten dunst, and reality tvs reality tv star kim kardashian. Record 18xit a billion bankruptcy foundation and the state of michigan offered hundreds of millions of dollars to shore up the system. Lets head straight overseas to the tensions in the ukraine continuing to rise as heavy fighting escalates in the conflict, as the line estimates claimed 2600 lives. Not only are the militants clashing, but comments were just made about the statehood for southeastern ukraine this past weekend. The fighting was heavy in particular. Then we had those comments sunday over the weekend. A critical solution should involve a discussion of statehood for the region. That got everybody concerned may be with the russian president wants is a state led buffer state recognized only by russia. Russia has on its
Today I am in San Diego for the SD CAMP event. At the same latitude, a poll was taken by Texas Governor Greg Abbott's office which asked whether people who live in Texas think illegal immigration is a serious problem. 29 percent of respondents answered: "Yes, it is a serious problem." 71 percent of respondents answered: "No es una problema seriosa." (Did you know that Texas even has its own pledge of allegiance?) Politics aside, Texas is home to many lenders. And many hotels. Marriott certainly has the business travel market dialed in, but just six companies in the United States control 80 percent of branded hotels, and two companies (Choice Hotels and Wyndham) may merge giving us five. Choice owns Radisson, Quality Inn and Econolodge brands; Wyndham owns Ramada, La Quinta, Days Inn, Super 8, and Howard Johnson. If a takeover/merger occurs, 16,500 hotels and 46 brands will be run by a single entity. Yikes! Today’s podcast can be found