It's the biggest in into storere shopping day of the year. But will fears about inflation and tariffs slow down the holiday season. Our Courtney Reagan's live at the Garden State Plaza Mall in Pamus, New Jersey, watching activity as things pick up here.Court, >> hi Carl. Yeah, actually Aritzia behind me has a line. They're kind of metering traffic and people have to wait to get in, which is interesting.And TD Cowan says when based on its channel checks from around the country, what they believe is that the ...

In the meantime, stocks are wrapping up a turbulent November. Joining us today, Dan Greenhouse, chief strategist at Solless Alternative Asset Management. Dan, happy Friday.Good to see you. >> You too, sir. >> Sounds like you think the midmon AI freakout may be behind us.>> It looks that way. Listen, again, admittedly, there was a lot of nervousness about the amount of capex spending on the part of the of the large hyperscalers, but I keep coming back to the earnings reports themselves. You have most recentl ...

Apple (AAPL) - iPhone Sales & AI Integration - Apple is expected to have its best iPhone sales season in four years, driven by an upgrade cycle due to many users having four-year-old phones [2][3] - The primary driver for iPhone upgrades is the age of existing phones, not necessarily AI functionality [3] - The last time Apple experienced double-digit growth in iPhone sales was four years prior, followed by a sales decline the subsequent year [4] - AI will be integrated into the iPhone experience, enhancing features like notifications, email summaries, and photo editing [11][12] - Investors appreciate that Apple's AI integration doesn't require them to determine if Apple is a winner in the AI space, as users will continue to use iPhones [10][12][13] Nvidia (NVDA) - Market Concerns & Growth Potential - There are concerns about Nvidia, including capex scrutiny, restrictions on sales in China, competition from Google TPUs, and investor communication issues like circular deals with Coreweave [6] - Despite concerns, the increasing use of AI necessitates more computing power, which will likely be met by Nvidia chips in data centers for the foreseeable future [7] - Excesses in AI were partly driven by Nvidia's behavior, requiring caution [8] - Nvidia's earnings are expected to grow by 50% to 60%, while Apple's earnings are expected to grow by 10% [9]

Consumer Behavior & Market Trends - The consumer is stable but choiceful, carefully spending between events, a trend expected to continue through the holiday season [2] - Post-Turkey 5 holiday weekend sales drop-offs are expected to be deeper each year [3] - Retailers anticipate deeper discounts this year due to consumer price sensitivity [4] - The upcoming holiday season is expected to be the last before widespread use of AI in shopping [6] Retail Strategies & Profitability - Retailers are increasing prices to create cushion for deeper discounts during key events [5] - Retail media, such as selling advertisements, is becoming increasingly important for retailer profitability [9] - Retailers need to quickly adjust to a more competitive environment with commoditized pricing [7] Key Players & Competitive Advantage - Large, well-positioned players like Walmart, Home Depot, and Costco are leading in technology deployment [10] - Target is actively working to improve its performance, and the stock is considered favorable [10] Macroeconomic Factors - Macroeconomic uncertainty, including concerns about low to middle-income consumers and tariffs, exists alongside expectations for growth [1]

exchange at the big board today. It's MX celebrating small business Saturday tomorrow of course at the NASDAQ. It's e-commerce platform Shopify [music] celebrating Black Friday.Harley was on squawk today talking about some of these year- end trends. >> Look, I think that overall the the forecast look good for growth this year on on online shopping, on inperson shopping. The question is just who are the winners and losers like always when it comes to retail because There are promotions.There are tariffs. The ...

From what we understand about Black Friday trends and what the expectations are, it's that retail firms do forecast today will be the biggest day for instore traffic of the year. Maybe it's not as big as what it once was, but it still will be the biggest of 364 other days of the year. The National Retail Federation predicts 130.4% 4 million Americans will shop in some form today, making it the biggest day of this critical 5-day stretch between Thanksgiving and Cyber Monday.Adobe predicts US online sales wil ...

Courtney Reagan is live at the mall in Pamis, New Jersey. So, what does it look like, Courtney. >> Actually, the traffic is really picking up here, Sarah.This mall has been open for about two hours. I counted more than 70 people in line at Lululemon before the doors opened. About 40 at Hollister.Our CBC crew outside DC mall in Tyson's Corner said they also counted about 100 people in line at Lululemon. And look, look, we can look at other malls and see anecdotally what we're seeing, but from what we underst ...

This is the one you've all been waiting for. Me too. Rory McIlroy, he's an icon. He is a global sports icon.He is, no doubt, one of the world's most recognizable athletes. He has ambitions off the golf course as well. He wants to be one of you, a CEO, a business visionary.He's teamed up with TPG capital's Todd sisysky earlier this year to launch TPG sports. It's going to look to invest in companies driving, enabling and expanding the global sports ecosystem without further ado. Please welcome Todd sisysky a ...

AI and Market Competition - The LLM benchmark is likely to be a horse race, with OpenAI and Meta possessing significant capital and expertise [3] - The market initially priced Alphabet (Google) as the sole winner in the LLM/AI space, but this view may be too simplistic [4] - Meta is demonstrating a clearer return on investment (ROIC) on AI spending compared to other companies [5] Meta's AI Strategy and Performance - Meta's AI spending has accelerated ad growth into the 20-25% range [6] - Meta has $60 billion in annualized recurring revenue (ARR) from its end-to-end AI performance ad tools [6][8] - Meta's potential capital expenditures (capex) could increase by $60 billion from $40 billion in 2024 to over $100 billion next year, largely covered by the ARR from AI performance tools [6][8] - Meta is getting a great return on investment from AI spend, which is helping user engagement [9] Advertising Industry Trends - Legacy media, particularly linear television, is losing advertising funds to performance media [11] - AI has boosted Meta's ad growth more significantly than it has for Google's search and YouTube [11] - Performance marketing is benefiting from a significant share shift in advertising [12] Other Companies to Watch - Amazon, particularly AWS, is starting to show a return on investment from AI, with new deals and upcoming announcements [14] - Amazon's e-commerce business is expected to benefit from AI-powered assistant tools like Rufus [15]

WEAK MONTH. >> IT'S GOING THE OTHER WAY NOW. THERE'S SE TRADERS THAT WERE LIKE THEY WERE HAVING WITHDRAWAL SYMPTOMS, BEING UNABLE TO TRADE FOR ALL MORNING.>> WELL HERE YOU GO FOLKS. >> OKAY. OUR NEXT OUR NEXT GUEST WILL GIVE US HIS INSIGHTS ON HOLIDAY RETAIL AND THE STATE OF THE CONSUMER.JOINING US NOW OF THE FORBES COMPANY, WHO OWNS, DEVELOPS AND MANAGES HIGH END SHOPPING CENTERS IN FLORIDA AND MICHIGAN. SO THE STORY THAT WE GET, NATE, IS THAT YOU'RE OKAY. YOU'RE ON THE UPPER PART OF THE K-SHAPED ECONOMY.G ...