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♪ ♪ ♪ i'm so defensive, i got bongos thumping in my chest ♪ ♪ and something tells me they don't beat for me ♪ ♪ i love romance, but i got eggshells around me ♪ ♪ don't step on 'em, don't step on 'em ♪ ♪ don't step on 'em, don't step on me ♪ ♪ ♪ ♪ he'd better not take the ring from me ♪ time now for some of the business news you need to start your day, and we've got some good news for retailers. this year saw the biggest annual increase in holiday sales in 17 years, despite supply chain issues, and, of course, covid. the national retail federation reports that ...

$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 actor alec baldwin and the search warrant. ♪ ♪ ♪ the ride of your life is closer than you thi...

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 we're paying more for almost everything, consumers are shopping like crazy. the national retail federation is expecting this holiday season to see spending break records. consumers are expected to ...

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, it's feeling pretty festive at the macy's here in herald square. the windows are all 'em blazoned in lights and holiday themes. an hour ago macy's 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 that consumers are going to go ahead and break records this holiday season, spending anywhere bet...

Harold square at macy's. 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 we've finished the holiday shopping season. as you said, today is black friday, the unofficial start to the holiday shopping season. 108 million people are expected to shop today. 60% of those people expected to actually go inside stores and shop in...