Listen: Cyber Weekend, Boeing's Big Month, Boomers and Billionaires
"Good morning. Welcome to Squawk box here on. CNBC we are live from the Nasdaq market site in Times Square. I'm becky quick. Along with Joe Kernan. Andrew is off today. But we've got Tom Farley. He's the CEO of far point acquisition group. He's he's also former president of the NYSE and of course CNBC contributor and Thomas. Great to see you good morning. Thanks for being here today. Arrested after the holiday we can ready to go get another all time. Record the stock markets today the first trading day of the month of December November was a very strong month for stocks even though he did see some declines on on Friday on black. Friday you're looking at the best returns. We saw Since June for all the major averages also last week again you did see some big gains to right now. The Dow and the Nasdaq are still less than one. The two percent of their intraday highs With these today you're going to see them challenge in that as Tom mentioned although I also remember last the first the first trading day of December last year So much fun I still. There's still some some nightmares about with scars for leftover from that first up today. The holiday shopping season is in full swing online spending on black Friday. The day after Thanksgiving hit a record five point four billion dollars according to initial reports from eighty of the top one hundred. US online retailers will. The spend trend continued today. Here's Joe Kernan with CNBC retail reporter. Courtney Reagan joining Squawk box from Pat Walmart fulfillment center in Pennsylvania. Cyber Monday courtney a year at a wall they ask you to to push anything around and grab some stuff. The shelves yet you're in Bethlehem fulfillment center. I don't I don't think I can I. It looks it. Looks like everything behind me is very random but it's done like very purposefully You'll see cat food next to a frozen toy and that's done on purpose. I'm not allowed to touch anything because I'M GONNA screw up the system but this is just one of Walmart six film I'm at campuses around the country. That's going to be fulfilling those online orders today on this cyber Monday and also potentially some of those orders from over the weekend. They're still coming in today. The National Retail Federation things sixty nine million Americans will shop. Even though we set records on Thanksgiving and on Black Friday online today is also expected to be a record day online with sales up about nineteen percent hitting nine point. Four billion dollars if that happens here in this country will be the biggest day of the year and also the biggest day ever in the United States for online shopping but just like black Friday. The timing has sort of shifted here for cyber Monday so remember and the older days. We didn't necessarily surly have high speed Internet at home or a computer that had access to it new shopped. Once you've got to work for cyber Monday so the peaks were in the morning or maybe even midday around lunch not anymore more today the peak is expected for cyber Monday peak volume to happen much later tonight between seven and eleven. PM Pacific Time so that is a big the difference that has been happening over the years to even with the online shopping now. Deliver is a company that helps third party merchants fulfil their order so they work with Virgin Walmart Walmart Dot COM ebay shop affi- they said on black Friday that their average daily volume was up three point seven times compared to a normal recent Friday and that was higher than last black Friday when their volume was three times as heavy. So we'll see if that continues for even the third party merchants on some of these platforms here today in store getting some preliminary results shop. RETRACT SAYS THANKSGIVING TRAFFIC IN STORE was up about two percent but that black Friday in store traffic was down about route six percent. So that evens out to about down three percent over those two days at least the preliminary numbers are showing like we said record online. So far still shaping up to to be a strong season and we've got a big day at Corny thank you. It's great to see you and we'll check in later. Thanks for joining us right now to talk more about cyber Monday and holiday shopping weekend went as Dana Tells Z.. She's the CEO of Chelsea Advisory Group and Dana. What did you think I thought it went pretty? Well I mean obviously there was a poll forward because you have some of these companies starting their promotions earlier Right after Halloween Walmart did it right after Halloween. And you saw a lot of others like that too and now it's even considered a five day weekend not just a two day weekend or a three day weekend and you still have a long way to go so it's an on-track weekend so far black Friday companies opening it at on Thanksgiving Day opening at five pm to one I am then. They're coming back on Black Friday. It was slow Friday morning it picked up in the afternoon. Luckily this weather on the north in the northeast didn't happen till yesterday because we needed Saturday. Also although a lot of the country did get hit over the weekend that affect places like Minnesota or some of the other great plain states yes accepted you had some of the West Coast also. So you're going to see some of that impact. They can order online too. And what you mentioned about the stores before I mean fulfilling orders is part of it. We're seeing zing stores. reimagined how they're configured and they're going to right size in terms of the way they are. Human Rights is down the size of the store. Yeah the size of the store may not. How much is it going to be fulfillment foment? How much is going to be for showing goods? It's all going to look different in a couple of years. Just like the patterns of shopping or different today. Who are the big winners? Would you say at this point. In the holiday holiday season best buy big winner Walmart and target big winner. It was all the big box players. I think the department store is still a little bit slower than the total sales for today are expected to be around about nine billion ten million. I mean when you compare that to Alibaba singles day. It's it's really a drop in the bucket right so where does assists and is this. Just keep going here in the US. More and more online sales as retail just collapsed for these types of goods to to effectively nothing so maybe excluding excluding luxury excluding jewelry excluding high fashion convenience and ease matter but there is something to be said for tradition walking through the stores and the experience of it. There's the reason why well some of it but there's a reason why you definitely see what he's doing this with their kids together with families it's an entertainment and sport also also have something like it right sex pence what fragrance you like. They're all mixed together in Cali Hustle Oakland Bustle and make not at the makeup by by people. That for you for you. Free USA Lisa talking about makeup with With your buddies weird I don't really I don't know if you've got some on day even though so you know I would argue that. Come in here uncomfortable. A little bit better. Never Show your tells like that. That now relegated. You're so our makeup"