Economic Impact - Consumer spending during the Thanksgiving holiday increased by 7% this year, with the average spender spending $337 compared to $315 last year [2][3] - The GDP growth exceeded expectations, reported to be higher than 4%, indicating continued consumer spending [7] Tariff Discussion - Claims that President Trump's tariffs are causing price hikes lack evidence, with reports indicating that tariffs are not significantly impacting prices [8] - Senator Elizabeth Warren's assertions regarding tariffs and their effects on consumer prices are challenged, suggesting that the narrative around tariffs has been exaggerated by media and political opponents [8] Consumer Behavior - Starbucks is projected to sell $60 million worth of gift cards on Christmas Eve, with one in five Americans expected to receive a Starbucks gift card [10] - There is an expectation that consumer spending will continue to rise, particularly with tax refunds anticipated to start in January [13]