| 00:00:05 |
Brawner, Greta Wodele - Host
TO TALK ABOUT AMERICA BY THE NUMBERS WHICH IS A WEEKLY SERIES WE DO. WE WANT TO FOCUS ON CONSUMER SENTIMENT AND CONFIDENCE GOING INTO THIS BIG SHOPPING...
|
| 00:00:27 |
Unidentified Speaker, -
IS MEASURED BY ASKING A RANTING -- A RANDOM SAMPLING OF FIVE QUESTIONS. THAT ALSO ASK CONSUMERS ABOUT THEIR OWN FINANCIAL EXPECTATIONS AND THEIR FINANCIAL...
|
| 00:00:49 |
Brawner, Greta Wodele - Host
IT SHOWED THAT CONSUMER SENTIMENT ROSE TO ABOUT 82.7%, THE HIGHEST SINCE JULY, 2007 AND 60.8% IN OCTOBER, 2011. WHAT DOES IT MEAN FOR OUR ECONOMY? GUEST:...
|
| 00:01:06 |
Douglas, Danielle - Correspondent
THERE IS A DIRECT CORRELATION BETWEEN WHAT WE SEE IN TERMS OF HOW CONSUMERS FEEL ABOUT THE ECONOMY AND WHAT THEY ARE WILLING TO SPEND IN TERMS OF THE...
|
| 00:01:35 |
Brawner, Greta Wodele - Host
AT CONSUMER CONFIDENCE AND SENTIMENT, WHAT FACTORS ARE IN PLAY? GUEST: A LOT
|
| 00:01:40 |
Douglas, Danielle - Correspondent
OF TIMES IT HAS TO DO WITH HOW THEY FEEL ABOUT THEIR OWN PERSONAL FAN -- FINANCES AND HOW THEY FEEL ABOUT THE JOB MARKET AND THE PROSPECTS OF FINDING...
|
| 00:02:17 |
Douglas, Danielle - Correspondent
EXTENT. WHEN CONSUMERS FEEL MOST CONSTRAINED BY THEIR OWN FINANCES, THEY ARE NOT WILLING TO SPEND AS MUCH. A NUMBER OF REPORTS COMING OUT IN THE LAST...
|
| 00:02:51 |
Douglas, Danielle - Correspondent
IS TRADITIONALLY ONE OF THE HIGHEST-GROSSING SHOPPING DAYS FOR THE HOLIDAY SEASON. IT HAS BEEN MORE SO THE LAST COUPLE OF YEARS THAN SUPER SATURDAY...
|
| 00:04:23 |
Douglas, Danielle - Correspondent
SHOPPING IS CONTINUALLY GROWING AND REPRESENTS ABOUT 4% OF RETAIL SALES. ONLINE RETAILERS ARE VERY SAVVY HOW THEY ARE PROMOTING THEMSELVES. BRICK AND...
|
| 00:05:06 |
Brawner, Greta Wodele - Host
IN 2010 THAT LED AWAY WAS MAKING ITS WAY BACK. DI IT HELP? > GUEST: I THINK IT DID. WE SAW A 6.3% INCREASE OVER 2010 LAST YEAR. THAT YEAR WE SELL WAL-MART...
|
| 00:05:35 |
Brawner, Greta Wodele - Host
ARE TALKING WITH DANIELLE DOUGLAS OF "THE WASHINGTON POST." OUR LINES ARE DIVIDED DIFFERENTLY THIS MORNING -- IF YOU PLAN TO SPEND MORE, DIAL THE FIRST...
|
| 00:06:09 |
CALLER, -
ON SPENDING THE LAST. IN CAPITALIST SOCIETIES, THE PROBLEM IS THAT WE DON'T PRODUCE ENOUGH AND THE PROBLEM SEEMS TO BE THAT WE PRODUCED MORE THAN WE...
|
| 00:06:34 |
Douglas, Danielle - Correspondent
MEXICAN COUPLE OF GOOD POINTS BUT IT IS A DELICATE BALANCE. CONSUMER SPENDING ACCOUNTS FOR ABOUT 70% OF THE GDP WHICH MAKES HOLIDAY SEASON SHOPPING...
|
| 00:07:23 |
Brawner, Greta Wodele - Host
THE CYBER MONDAY -- WHAT IMPACT WILL THAT HAVE ON OVERALL HOLIDAY SALES TAX GUEST: IT HAS BECOME REALLY IMPORTANT THE LAST COUPLE OF YEARS. IT TOOK SHAPE...
|
| 00:07:55 |
Brawner, Greta Wodele - Host
HOST: IS IT BECOMING BIGGER THAN BLACK FRIDAY? GUEST: NO, IT IS
|
| 00:08:00 |
Douglas, Danielle - Correspondent
GROWING AND IT IS AN EXCITING PART OF THE RETAIL PIE BUT IT WILL NOT OVERSHADOW BLACK FRIDAY AT LEAST NOT ANYTIME SOON. BLACK FRIDAY IS A TRADITION. IT...
|
| 00:08:27 |
Brawner, Greta Wodele - Host
SECTION OF " THE NEW YORK TIMES "HAS THIS PHOTOGRAPH OF FOUR WOMEN WHO HANDLE SOCIAL MEDIA FOR THE MALL OF AMERICA AND MINNESOTA -- IT IS A NEW WAY FOR...
|
| 00:08:50 |
Douglas, Danielle - Correspondent
PRETTY AMAZING -- THERE ARE SO MANY APPS THAT WILL LOG ALL THE BLACK FRIDAY DEALS. THEY WILL GIVE YOU ALERTS AND THERE ARE WAYS YOU CAN CHECK OFF WHAT...
|
| 00:09:35 |
Brawner, Greta Wodele - Host
HOLLYWOOD, FLA. WHO IS PLANNING ON SPENDING MORE? ARE YOU THERE?
|
| 00:09:41 |
CALLER, -
CALLER: I'M HERE. I DO PLAN TO SPEND MORE THIS YEAR A. AM CONFIDENT IN THE ECONOMY AND I THINK THINGS ARE CHANGING. I WILL SPEND A LITTLE BIT MORE FOR...
|
| 00:09:58 |
Brawner, Greta Wodele - Host
IT DIFFERENT THAN THE LAST COUPLE OF YEARS? CALLER: I PLAN
|
| 00:10:02 |
CALLER, -
TO SPEND AT LEAST $500 MORE. I COULD NOT DO THAT BEFORE BECAUSE I WAS SCARED OF THE ECONOMY. THINGS ARE NOT LOOKING SO GOOD. MY JOB WAS NOT STABLE...
|
| 00:10:23 |
Brawner, Greta Wodele - Host
WHAT TO DO FOR A LIVING? CALLER:
|
| 00:10:26 |
CALLER, -
I AM A SCHOOL SOCIAL WORKER. HOST:
|
| 00:10:29 |
Brawner, Greta Wodele - Host
YOU FELT YOUR JOB WAS IN JEOPARDY? CALLER:
|
| 00:10:31 |
CALLER, -
EXACTLY. HOST:
|
| 00:10:34 |
Brawner, Greta Wodele - Host
WHAT GAVE YOU CONFIDENCE THAT IT WAS NOT? CALLER: OBAMA HAS GOTTEN BACK
|
| 00:10:38 |
CALLER, -
IN OFFICE, THE PEOPLE WITH JOBS ARE MORE CONFIDENT AND ENCOURAGING US TO DO MORE, THE GOVERNMENT IS REALLY IN FAVOR OF THE SCHOOLS AND OUR JOB IS NOT...
|
| 00:10:59 |
Douglas, Danielle - Correspondent
A SENSE OF WHAT A LOT OF CONSUMERS ARE FEELING NOW THAT EVEN THOUGH UNEMPLOYMENT IS HIGH, THERE IS IMPROVEMENT IN THE JOB MARKET, A SENSE OF STABILITY...
|
| 00:11:38 |
Douglas, Danielle - Correspondent
AN INTERESTING DIVERSION OF WHERE THE EMPLOYERS FEEL ABOUT THE PENDING FISCAL CLEF AND HOW THEIR EMPLOYEES FEEL. FOR THE HEADS OF A LOT OF BUSINESSES,...
|
| 00:12:40 |
Brawner, Greta Wodele - Host
TO JACKSONVILLE, FLA. HOUPPELANDES TO SPEND LESS. CALLER: I'M GOING
|
| 00:12:44 |
CALLER, -
TO SPEND LESS BECAUSE I AM GOING TO BE TEACHING MY CHILDREN THAT WE ARE NOT CONSUMERS. WE ARE HUMAN BEINGS FIRST. MOST OF THE STUFF IS JUST THAT -- STUFF....
|
| 00:13:28 |
Brawner, Greta Wodele - Host
IN JACKSON, MISSISSIPPI PLANS TO SET PREDICTS SPEND THE SAME PERIOD CALL. CALLER: I DIDN'T
|
| 00:13:38 |
CALLER, -
NOT GET A CHANCE TO SPEND MUCH WITH THE ECONOMY THE WAY IT WAS. IT WAS SLOW AT MY JOB AND GOT LAID OFF A LOT. I SAID WITH ELDERLY PEOPLE -- I SIT WITH...
|
| 00:14:16 |
Brawner, Greta Wodele - Host
DID YOU GO OUT SHOPPING THIS MORNING?
|
| 00:14:19 |
CALLER, -
CALLER: I WENT YESTERDAY.
|
| 00:14:22 |
Brawner, Greta Wodele - Host
HOST: CHRISTMAS SHOPPING? CALLER:
|
| 00:14:26 |
CALLER, -
I BOUGHT MY GRANDBABY SOME STUFF. HOST: WHAT WERE
|
| 00:14:33 |
Brawner, Greta Wodele - Host
THE LINES LIKE GUEST TODAY? CALLER: IT WAS
|
| 00:14:44 |
CALLER, -
OK BUT I HAD TO REALLY BUDGET MY MONEY. I HAD TO BUY SOME CHEAP STUFF. HOST:
|
| 00:14:52 |
Brawner, Greta Wodele - Host
DID YOU FIND GOOD DEALS? CALLER:
|
| 00:14:55 |
CALLER, -
I DID, I CANNOT COMPLAIN. I WOULD LIKE TO ADD TO THIS -- I AGREE WITH THE LADY THAT GOT THROUGH SPEAKING JUST BEFORE ABOUT THE ECONOMY AND HOW THE SYSTEM...
|
| 00:15:50 |
Brawner, Greta Wodele - Host
UP A POINT ABOUT TAXING WEALTHIER AMERICANS -- SHE BROUGHT UP A POINT ABOUT TAXING WEALTHY AMERICANS? IS IT BROKEN DOWN WHEN RETAILERS LOOK AT HOW MUCH...
|
| 00:16:11 |
Douglas, Danielle - Correspondent
THE POSSIBILITY OF DOING SO. THERE WAS A TREND IN RETAIL AND OVER THE LAST COUPLE OF YEARS WHERE DISCOUNT RETAILERS DO EXTREMELY WELL AS WELL AS LUXURY...
|
| 00:16:58 |
Brawner, Greta Wodele - Host
OUR LUXURY RETAILERS DOING? GUEST: HAVE
|
| 00:17:01 |
Douglas, Danielle - Correspondent
BEEN DOING FAIRLY WELL IN THE LAST YEAR AND THEY ARE ANTICIPATING PRETTY STRONG SALES FOR THE COMING YEAR. A LOT OF LUXURY RETAILERS WERE SMART IN THAT...
|
| 00:17:47 |
Brawner, Greta Wodele - Host
BELOW AND STORES LIKE DOLLAR GENERAL? GUEST: WAL-MART TO
|
| 00:17:51 |
Douglas, Danielle - Correspondent
SOME DEGREE IS ON THAT END BUT DEPARTMENT STORES ARE IN THE MIDDLE. HOST:
|
| 00:18:03 |
Brawner, Greta Wodele - Host
BELLEVUE, WASHINGTON, YOU ARE PLANNING TO SPEND MORE, WHY?
|
| 00:18:08 |
CALLER, -
CALLER: AS MY FAMILY GETS OLDER AND NEED THE LAST AND WE HAVE BEEN VERY LUCKY, I HAVE BECOME MORE CONSCIOUS OF PEOPLE WHO HAVE NOT BEEN AS LUCKY. FOR...
|
| 00:18:40 |
Brawner, Greta Wodele - Host
YOUR AREA? ARE THERE MORE OF THOSE PEOPLE? CALLER: THERE SEEMS TO
|
| 00:18:47 |
CALLER, -
BE. I DON'T KNOW THE CAUSE MAY BE AS MY FAMILY GROWS OUT OF THE KIDS STAGES AND I AM MORE CONSCIOUS OF IT OR WHETHER GROUPS ARE DOING A BETTER JOB ADVERTISING...
|
| 00:19:21 |
Brawner, Greta Wodele - Host
IF THIS IS IN YOUR BAILIWICK. I'M WONDERING IF THAT TRANSLATES TO CHARITABLE GIVING. GUEST: SOMETIMES BUT
|
| 00:19:32 |
Douglas, Danielle - Correspondent
NOT ALWAYS. IN THE WASHINGTON AREA, THERE HAS BEEN A STEADY DECLINE. HAS SLOWED IN THE LAST YEAR OR SO, CHARITABLE GIVING, BECAUSE EVEN WITH INDIVIDUAL...
|
| 00:20:26 |
Brawner, Greta Wodele - Host
TWEET -- LIKE LAND, FLA., YOU ARE PLANNING TO SPEND THE SAME?
|
| 00:20:42 |
CALLER, -
CALLER: GOOD MORNING. I HAVE A COLD THIS MORNING. THE ONLY COMMENT I HAVE ABOUT THE ECONOMY OR SPENDING AT CHRISTMAS TIME IS I BASICALLY SPEND THE SAME...
|
| 00:21:17 |
Brawner, Greta Wodele - Host
MOVEMENT, DOES THAT HAVE AN IMPACT?
|
| 00:21:21 |
Douglas, Danielle - Correspondent
GUEST: THINK SO, MORE RETAILERS HAVE MORE DISTRIBUTION PLANTS IN THIS COUNTRY. IS A SLOW GROWING MOVEMENT IN TERMS OF DEALING WITH LABOR ISSUES AND DEALING...
|
| 00:21:48 |
Brawner, Greta Wodele - Host
HOST: THE STOCK MARKET OPENS MONDAY MORNING AND WE START SEEING NUMBERS ABOUT BLACK FRIDAY AND SUPER SATURDAY, HOW MUCH THE MARKETS REACT? GUEST: IS DIFFICULT
|
| 00:21:59 |
Douglas, Danielle - Correspondent
TO SAY. WHEN WE SEE CONSUMERS LINING UP AT 8:00 ON THANKSGIVING DAY AND IF THERE IS A CONSISTENT VOLUME OF PEOPLE GOING OUT TO THE STORES AT THAT TIME,...
|
| 00:22:15 |
Brawner, Greta Wodele - Host
SEE ON MONDAY. ARE THE MARKET'S WATCHING CYBER MONDAY CLOSE LED -- CLOSELY? GUEST: IT
|
| 00:22:27 |
Douglas, Danielle - Correspondent
HAS BECOME AN INCREASINGLY IMPORTANT PART OF THE OVERALL SHOPPING SEASON. ON-LINE RETAILING IS STARTING TO GROW SO LARGE. IT IS SOMETHING THEY WILL ...
|
| 00:22:49 |
Brawner, Greta Wodele - Host
HOST: COULD THIS DIMINISH CONCERNS THE MARKET MIGHT HAVE OVER FISCAL CLIFF NEGOTIATIONS? DOUBTFUL GUEST:, I DON'T SEE THAT. THERE IS STILL A LOT OF CONCERNS...
|
| 00:23:14 |
Brawner, Greta Wodele - Host
IS THAT? GUEST: THE
|
| 00:23:18 |
Douglas, Danielle - Correspondent
IDEA OF THE FISCAL CLEF -- THE NEGOTIATIONS BEHIND THEM -- SPEAK ABOUT CERTAINTY IN THE MARKETPLACE. THE MARKETS NEED A CERTAIN LEVEL OF THAT TO FEEL...
|
| 00:23:45 |
Brawner, Greta Wodele - Host
WILL GO TO MASSACHUSETTS, HE PLANS TO SPEND MORE. CALLER: GOOD
|
| 00:23:50 |
CALLER, -
MORNING LADIES, YOU LOOK ATTRACTIVE AND COLORFUL THIS MORNING. I WILL SPEND A LITTLE MORE BECAUSE MY GRAN MOM -- MY GRANDDAUGHTER IS ABOUT A YEAR OLD....
|
| 00:25:14 |
Douglas, Danielle - Correspondent
LOOK AT WHAT CONSUMERS ARE WILLING TO SPEND THIS YEAR, IT IS GETTING BACK TO THE PRE-RECESSIONARY LEVELS. I THINK IN 2007, FOLKS ON AVERAGE SPENT ABOUT...
|
| 00:26:01 |
Brawner, Greta Wodele - Host
YORK, PLANS TO SPEND THE SAME, GO AHEAD -- CALLER: SOME
|
| 00:26:08 |
CALLER, -
OF MY THUNDER WAS TAKEN AWAY FROM THE PREVIOUS CALLER BUT WITH THE LAYAWAY PLANS, THE BIG BOX STORES, THERE IS MORE EVIDENCE THAT THEIR SHORT-TERM MEMORY....
|
| 00:27:07 |
Brawner, Greta Wodele - Host
PLAN TO SPEND ABOUT THE SAME. HOW MUCH DID YOU SPEND OR PLAN TO SPEND THIS HOLIDAY SEASON? CALLER: I WAS TRYING NOT
|
| 00:27:16 |
CALLER, -
TO GO INTO MY PERSONAL STORY BUT I AM DISABLED. I HAVE DIABETES SO I DON'T REALLY SPEND MUCH ON ANYTHING. THAT IS NOT REALLY THE POINT. GUEST: AS MUCH...
|
| 00:27:32 |
Douglas, Danielle - Correspondent
SEEM LIKE THEY ARE HAVING SHORT-TERM MEMORY AND STARTING TO RETURN TO PRE-RECESSIONARY LEVELS, WE ARE SEEING CONSUMER DEBT LEVELS COME DOWN. THAT COULD...
|
| 00:28:09 |
Brawner, Greta Wodele - Host
WHETHER OR NOT HOLIDAY SPENDING HELPS OUR ECONOMY -- HERE IS HOLIDAY SALES AND THE ECONOMY -- HOW DOES THAT COMPARE TO YEARS PAST AND WHAT IMPACT DOES...
|
| 00:28:37 |
Douglas, Danielle - Correspondent
ARE PREDICTING $700,000 WHICH WOULD BE PHENOMENAL CONSIDERING LAST YEAR IT WAS ABOUT 606,000 SEASONAL WORKERS. ON-LINE RETAILING DOES NOT HAVE A SUBSTANTIAL...
|
| 00:29:28 |
Brawner, Greta Wodele - Host
GO AHEAD -- CALLER: PEOPLE
|
| 00:29:32 |
CALLER, -
ARE MAKING COMMENTS ABOUT THE HOLIDAY. EVERY YEAR, WE GO THROUGH THIS. THE CONTRAS AS GET A GOOD EDUCATION AND BE GOOD AT YOUR JOB AND SPENDING MONEY...
|
| 00:30:24 |
Douglas, Danielle - Correspondent
YOU SHOULD BE ABLE TO USE YOUR MONEY ANY WAY YOU WANT BUT IT IS IMPORTANT FOR FOLKS TO PAY ATTENTION TO THEIR LONG-TERM FINANCIAL STABILITY. THAT MEANS...
|
| 00:31:11 |
Brawner, Greta Wodele - Host
TALKING ABOUT CONSUMER CONFIDENCE AND CONSUMER SPENDING IN THIS HOLIDAY SEASON. DANIELLE DOUGLAS IS WITH "THE WASHINGTON POST." THIS IS A GALLUP POLL...
|
| 00:31:58 |
Douglas, Danielle - Correspondent
WE ARE GETTING BACK TO A POINT WHERE CONSUMERS FEEL MORE FREE WITH THEIR MONEY. THERE ARE PEOPLE WHO HAVE ENOUGH MONEY WHO CAN SPEND MORE THAN $1,000...
|
| 00:32:32 |
Brawner, Greta Wodele - Host
A COUPLE OF CALLERS HAVE MENTIONED ADS AND GETTING PEOPLE OUT TO SPEND. IS THAT A POSITIVE IMPACT FOR RETAILERS? GUEST: IF THERE
|
| 00:32:42 |
Douglas, Danielle - Correspondent
IS A GOOD DEAL ATTACHED TO THAT AD - WHEN YOU HAVE DOOR BUSTER DEALS FOR A FLAT SCREEN TV AND RETAILERS ARE SMARTER AND A MARKETING, YOU HAVE MULTIPLE...
|
| 00:33:15 |
Brawner, Greta Wodele - Host
FROM IOWA NEXT AND SHE PLANS TO SPEND THIS SAME PERIOD LAST CALLER: YEAR WE DID NOT SPEND ANYTHING AND THIS YEAR WE ARE NOT SPENDING ANYTHING. WE'RE ON...
|
| 00:33:43 |
Brawner, Greta Wodele - Host
ABOUT THE DEMOGRAPHICS OF SPENDING? CAN THE CALCULATE WHICH AGE GROUPS SPENDS THE MOST DURING THIS HOLIDAY SEASON? GUEST: IT IS EASILY
|
| 00:33:52 |
Douglas, Danielle - Correspondent
TEENAGERS AND PEOPLE IN THEIR 20'S. YOU CAN MAKE THE ASSUMPTION THAT THEIR CONCERNS ARE NOT AS WEIGHTY AS FOLKS WHO ARE A LITTLE BIT OLDER. WHEN YOU...
|
| 00:34:25 |
Brawner, Greta Wodele - Host
WEST PLANT, MICHIGAN NEXT PLANS TO SPEND LESS, GO AHEAD CALLER: GOOD MORNING, LADIES. DANIELLE, YOU LOOK LOVELY THIS MORNING.
|
| 00:34:34 |
Douglas, Danielle - Correspondent
GUEST: THANK YOU. CALLER:
|
| 00:34:37 |
CALLER, -
I BELIEVE THIS IS THE LAST HURRAH OF AMERICAN CONSUMERISM. THIS IS DUE TO THE DOWNWARD ECONOMIC SPIRAL. THAT WILL CONTINUE, MARK MY WORDS. , OVER THE...
|
| 00:36:13 |
Brawner, Greta Wodele - Host
FROM PARSONS, WEST VIRGINIA, PLANNING TO SPEND THE SAME, GO AHEAD CALLER: I WANT TO
|
| 00:36:21 |
CALLER, -
REITERATE WHAT THE PREVIOUS CALLER SAID. I THINK THE ADMINISTRATION DID NOT MAKE CLEAR ENOUGH AND DOES NEED TO MAKE CLEAR THAT AS FAR AS SPENDING HABITS,...
|
| 00:36:39 |
Brawner, Greta Wodele - Host
HOST: WHAT DO YOU MEAN BY THAT? CALLER: IT DOES NOT
|
| 00:36:43 |
CALLER, -
TAKE A ROCKET SCIENTIST TO COME TO THE CONCLUSION THAT IF WE DON'T MAKE THINGS IN THIS COUNTRY, THAT IS A LOT OF SPIN OFF THE COMES FROM THINGS BEING...
|
| 00:37:53 |
Brawner, Greta Wodele - Host
HOST: WILL LEAVE IT THERE, THANK YOU FOR SPENDING SOME TIME WITH US.
|
| 00:37:58 |
Douglas, Danielle - Correspondent
GUEST: HAD A GREAT TIME, THANK YOU.
|
| 00:38:01 |
Brawner, Greta Wodele - Host
HOST: THAT DOES IT FOR TODAY'S "WASHINGTON JOURNAL" WE WILL LEAD BACK AT 7:00 A.M. EASTERN TIME TOMORROW. ENJOY YOUR WEEKEND HOST:
|
| 00:38:11 |
CALLER, -
CALLER: [CAPTIONING PERFORMED BY NATIONAL CAPTIONING INSTITUTE] [CAPTIONS COPYRIGHT NATIONAL CABLE SATELLITE CORP. 2012] >> HERE'S
|
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.