Transcripts for MSNBC First Look 20191202 10:52:00 : vimarsa

MSNBC First Look December 2, 2019 10:52:00

hype. it kee high. they are expecting $144 billion to be spent online, the big shift, of course, has been from in-store spending to online spending. nobody's going to the stores anymore, most of the spending is being dub online. 40% is expected to go to amazon. overall, it's painting a positive picture for the u.s. consumer. in aggregate, retail spending is expected to be up around 4% this holiday season from a year ago. very important driver for the u.s. economy, of course. let's not forget today is cyber monday and today adobe are also expecting consumers to spend $9.4 billion online, that's a 19% increase from last year. another record high. they also say that today could be a good day to buy a television. the average markdown there is 19%. >> there you go. bill karins was telling me

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