1. Black Friday biopsy: How much did american citizens splurge on procuring’s greatest weekend? first rate, however now not if you’re a brick-and-mortar region.
Buoyed by means of strong online traffic, sales surpassed $ three billion for the first time with roughly $ 1 billion of it coming from cellular gadgets. but data presentations that gross sales from bodily shops dipped 5 p.c over the two days, while the number of transactions fell eight p.c as shoppers skipped the crowds to shop at house.
Now we will wait to see if buyers open their purses and wallets on Cyber Monday.
2. O’Hare airport strike: a whole bunch of staff at Chicago O’Hare international Airport plan to strike on Tuesday. The airport is a hub for both American airways (AAL) and United airways (UAL).
Janitors, baggage handlers, cabin cleaners and wheelchair attendants are requesting a $ 15 hourly wage. The strike is not going to impact more very important staff, reminiscent of air visitors controllers and safety screeners.
3. Trump appointments: President-pick Donald Trump could appoint key contributors of his financial group this week.
Billionaire investor Wilbur Ross is regarded as the leading contender for commerce secretary. Steven Mnuchin, a former Goldman Sachs (GS) exec became Hollywood producer, is alleged to be the top decide for Treasury secretary now that Jonathan gray, who heads real property for private equity firm Blackstone (BX), mentioned he was out of the running ultimate week.
4. Jobs record: Trump, who says he’ll spend $ 1 trillion on infrastructure tasks to boost U.S. employment, may also get an up to date set of jobs numbers on Friday.
In October, the U.S. financial system added a strong 161,000 jobs. Unemployment edged right down to four.9% — now half of what it was in 2009, when unemployment peaked at 10%.
5. Coming this week:
Monday – Cyber Monday
Tuesday – GDP report; Chicago O’Hare airport employees go on strike
Wednesday – OPEC meeting, U.k. financial forecast
Thursday – Auto sales
Friday – Jobs document
CNNMoney (ny) First revealed November 27, 2016: 10:03 AM ET
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newest financial information – CNNMoney.com
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