Morning Money Memo…

Black Friday shopping deals are starting early this year. In some cases the discounts will be offered one week before the doors open for crowds of shoppers. Walmart plans to offer deals on some toys and electronics starting this Friday. Sears and Kmart also are also advertising special discounts one week early for its rewards customers. Walmart, Best Buy and Target are among the retailers that will have deep discounts on TV sets.

"A lot of retailers are going to be offering special door busters that try and encourage people to get in-store as opposed to only shopping only online," says Lindsay Sakraida of DealNews.com. "They really want to encourage you to be in-store and maybe start picking up things that you otherwise wouldn't have bought online." But Sakraida says many other items in the stores on Black Friday will not be deeply discounted. "You need to be very savvy and keep your head about you when shopping on Black Friday," Sakraida said.

A massive settlement involving America's biggest bank is the talk of Wall Street this morning. JPMorgan Chase has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis. The agreement is the latest chapter in the bursting of the housing bubble. Some $4 billion in consumer relief to as many as 100,000 borrowers will be part of the settlement but the details have yet to be worked out.

A modest retreat for Wall Street after record gains. Futures are down this morning after slight declines for stock market averages as they pull back from four days of gains. Electronics retailer Best Buy plunged after saying extended store hours and price-cutting could squeeze its fourth-quarter profit. Campbell Soup fell sharply after reporting that its profit slumped as sales of soups and V8 drinks fell.

Credit reporting agency TransUnion says more Americans fell behind on their credit card payments in the third quarter, when many consumers traditionally hit stores for back-to-school supplies. Even so, the national late-payment rate remained close to its lowest level in six years, at 1.36 percent, and it was down from the same period last year.

Lowe's third-quarter profit soared 26 percent compared with last year. The home-improvement retailer was bolstered by the housing market's ongoing recovery. Its earnings were a penny short of expectations, but revenue beat forecasts.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow