President Obama is hosting some top European Union officials at the White House this morning, as concerns grow about what the debt crisis in Europe could do to the American economy.
The national retail federation says sales over the last 4 days jumped 16 percent from last year. Consumers spent an average of 398 dollars on Black Friday– and Black Thursday, and all Black Saturday and Sunday. And about 40 percent of that shopping was done online.
More and more mobile devices like iPads are handling our purchases, but the makers of computers and cash registers aren't ready to give up the industry yet. TV sets are among the most discounted items for Black Friday this year. New York City's Grand Central Station is about to become home to Apple's newest store, and we speak to the CEO of Macy's on this year's holiday season.
The news from Europe this morning starts with Italy, which had to pay a euro-era record rate to borrow money from the bond market. Meanwhile, Hungary's bonds were downgraded to junk status.
This Thanksgiving, we talk to a big wig in the cranberry industry, the CEO of Ocean Spray. While the U.S. is on holiday, financial troubles in the eurozone march on. And Google wants to light up your home — with lightbulbs, that is.
