Transcript for Cyber Monday Deals a Gift for U.S. Economy?
Good morning, it's not just the thrill of finding a great deal. Take a look at this. Consumer spending makes up 70% of the u.S. Economy and 40% happens in just two months, november and december. How do we fare over the past two days? Not too shabby. 59 million spent. The average american in the past four days spent some $4 question. Interesting to note, though, that black friday sales were actually down nearly 28% this year compared to last year. Why? Well, I guess a lot of people excused themselves thursday night from thanksgiving dinner, went out to the stores shopping. Overall, we're expected to see a 4.1% increase from last year. That is very good news for the u.S. Economy. Of course, thanksgiving came early this year. We'll see if americans continue the spreading spree up to christmas. Let's head to josh elliott with the other top stories developing right now. The holiday travel weekend as
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