About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
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Even as unemployment in the U.S. has fallen to a new 50-year low, jobs continue to evaporate in retail.
Joining us on the show is Charles O’Shea, Retail Analyst at Moody’s, who gives us his analysis on the strong consumer market and how it’s impacting the economy.
Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, the National Retail Federation said on Thursday morning.
Microsoft made a surprise announcement Wednesday of a new two-screened Android smartphone, the Surface Duo. The device will launch in late 2020, in time for the holiday season. No pricing details were announced.
Apparel retailer Forever 21 said Sunday night it is filing for Chapter 11 bankruptcy protection.
TF International Securities analyst Ming-Chi Kuo said Apple will begin using new mini LED screens in MacBooks and iPads in 2020 and 2021.
Shares of Dick’s Sporting Goods are up more than 30% this year, with more investors betting on a successful turnaround. The company has been strengthening its relationships with top brands such as Nike and Adidas, and also growing its private labels, which is where women are becoming a bigger focus.
U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade talks next month.
Frank Holland reports on how three billion dollars in RV sales are expected at an annual RV event where dealers buy new models and how major CEOs are optimistic in the RV industry.
Nike’s quarter was better than expected thanks to strong sales in China despite escalating trade tensions. Sara Eisen has more for us from the New York Stock Exchange.
Joining us on the show is Mariann Montagne, Portfolio Manager at Gradient Investments, who gives us her analysis on Nike’s strong earnings report.
Walmart is adding seven health-related bachelor’s degrees and two career diplomas to its college perks program, where employees pay just $1 a day for an education, the company announced Tuesday.
Shoppers are expected to spend 5% more this year than they did last year, a new survey says. Around 53% of all holiday shopping is expected to be done digitally, so don’t expect big crowds at the mall.
Used watch sales are booming and now elite brands want a piece of the pre-owned profits. Robert Frank has more for us.
Experts say weakness in women’s apparel is driven by specialty stores and department stores. Retailers like Chico’s, Barneys, Dress Barn and J.C. Penney have been announcing store closures.