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>> happy thanksgiving. >> how badly does the economy need this boost right now? >> i guess that's the $586 billion question. yes, of course, our economy has been starting to slow down. we saw 2% growth in the third quarter. going back to president bush after 2001 when he told americans to go out and do more shopping, that, actually there's something to that concept. the reason is because gdp is -- consumer spending is about 70% of gdp. >> only problem with spending, though, a lot of people put things on their credit cards, and that is up by about a third, in the third quarter it went up about ...

Know, but more and more people are attracted to this? i mean, on thanksgiving day, the movie theaters are a hot ticket for people. >> always packed. right? >> is this now shop, people getting a jump-start on black friday? >> the big take-away is the number. it's $586 billion. that's how much money is expected to be spent over black friday and into the weekend. that's from the national retail federation. now, that's up 4.1% nape ear expecting that to be up 4.1%. that's higher than the ten-year national average, which was 3.5%, but less than what happened last year at 5.6%. so yes, they were exp...

Hitting one store at the exact same time. take a look at some of the video of previous shopping holiday seasons. this is a very important time for retail sales. no need to tell but that. we've seen what happens. let's get into some of the numbers, because after people hit the stores it's all about the dollars they spend. here is what the nrf is actually predicting. you and i and the rest of the country are going to spend this holiday season, $586 billion a new calculation by the way. they use a new formula to come up with this figure. it's over the 471 billion from 2011. won't really be that m...

Because tis the season to do so. how's that look? >> can you believe holidays are right around the corner? >> no. >> 86 degrees outside right now. holiday is on the mind. there's going to be about 300,000. so 300,000 jobs being added through seasonal hires. these are all by major retailers like walmart, big stop, kohl's. target is adding 80 to 90,000 jobs. >> really? >> just for seasonal hires. >> just for target. >> right. the national retail federation is expecting retail sales to be about $586 billion for this season. >> good numbers you're talking about there. nothing good right now about ...

Europe's debt zone to a raft of earnings. it's got to be a big week for the business world. what have we got coming up? let's take a look at the key numbers. starting today, it's going to be a very big day in brussels today. the 17 eurozone finance ministers are meeting, and they're going to debate whether to increase the emergency fund for the block's struggling economies. right now there's $586 billion to play with in that pot, but some analysts say it should be more than double that to protect the eu's most vulnerable members. and certainly this is a story which just continues, the eu debt ...