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ukrainian people and they should continue to have our support for as long as it takes. fix, continue to have our support for as long as it takes. long as it takes. a few weeks ago, the world cringed long as it takes. a few weeks ago, the world cringed at long as it takes. a few weeks ago, the world cringed at the long as it takes. a few weeks ago, the world cringed at the prime - the world cringed at the prime minister s fawning welcome for elon musk and this time, they are fleeing his platform on the latest vile outburst. what exactly is the prime minister thinking he might learn from an unelected super rich individual who had taken over a once successful organisation and plunged it into a death spiral? mr successful organisation and plunged it into a death spiral? it into a death spiral? mr speaker, it s a striking. it into a death spiral? mr speaker, it s a striking. from it into a death spiral? mr speaker, it s a striking. from the - it s a striking. fr ....
Expectations from last year, but still trying to find good stuff. reporter: how has the economy impacted your black friday shopping this year? it s cut it back a little bit. i don t think we ll feel it, but mentally, i know it s there. reporter: the national retail federation predicts more than 166 million people will make purchases this weekend. the economy and inflation are top of mind, says katherine cullen of the national retail federation. we do know that many shoppers, you know, still say it s important to me to spend and celebrate on holiday and holiday celebrations. that said, we re seeing a lot of consumers say i need to make every dollar count. consumers, particularly at the lower and middle-income segments, are feeling squeezed. reporter: the national retail federation predicts that holiday sales will grow between 6% and 8% this year. in november and december, shoppers will spend between $942 and $960 billion. this holiday weekend, consumers ....
$960 billion is expected to be spent between november and december. and sales are up between 6% to 8% from last year. now, inflation is the big elephant in the room. and people are having to be creative in the ways they shop. listen to this. one of the problems is inflation, prices high, so, we have to make some adjustment, what we re going to buy this year. so, yes, it is little bit downsizing, in terms of buying gifts, not like last year, so, yes, inflation is affecting us. ryan fatell is a senior fellow at claremont university, he joins me now from los angeles. thanks so much for being here with us. so, many of us that are interested in the economy and watching black friday and cyber monday sales, hoping to glean something that might give us a ....
Spending power for shoppers so they re having to get creative on what they buy for their family and friends. one of the problems is inflation, prices high, so, we have to make some adjustment what we re going to buy this year. so, yes, it s a little bit downsizing in terms of buying gifts, not like last year. so, yes, inflation is affecting us. reporter: so it looks like shoppers are sticking to their budgets and it s the discounts or the deals that are helping shoppers decide which item to buy this holiday shopping season. but the national retail federation is upbeat about how it thinks that the holiday shopping season will go. it thinks that americans will spend 8% more than last year. adding up to 940 to $960 billion for the months of november and december. boris and sara. all right. alison kosik there, joining us is catherine rampell cnn ....
That inflation, not the threat but the actual inflation. what does it have on shopping this time around? reporter: you make a very good point. inflation is kind of the elephant in the room, isn t it? that s what s really hindering people in what they spend. you re probably going to see people spend less because they re sticking to budgets. but you ll see they re going to be not just more cautious but more value oriented. they ll be finding things that really mean something for the people they love. but economists i m talking to say they don t think it s going to hold back spending. shopping is expected to increase this year. spending expected to increase 8% over last year, to total about 940 to $960 billion this year. i don t think inflation is going to be the grinch that steals the holiday. i think it s going to weigh on shoppers and people are going to stick to their budgets not buy as much but buy the things that matter. ....