Black Friday Ecommerce Expectations, Shopify President Harley Finkelstein & Apple’s Holiday Quarter 11/25/22
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 25 November 2022
⏱️ 44 minutes
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| 0:00.0 | I'm Deirdreboza, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:11.6 | Happy Black Friday. Welcome to Tech Check. I'm Carl Cantanier with Julia Boorston. John and Deirdre have the |
| 0:16.5 | morning off today. Searching for a pulse on the consumer. We've got it today, along with the latest |
| 0:21.4 | data. Stock moves, winners on this shortened trading day for stocks. Plus more on where |
| 0:26.8 | e-com goes from here with an interview you do not want to miss. Shopify's Harley-Finklestink's |
| 0:31.5 | going to join us in a bit. Finally, the Apple breakdown as COVID cases surge in China and |
| 0:36.6 | questions continue to grow around iPhone |
| 0:38.8 | supply going into the holidays. |
| 0:40.8 | Very big show today, Julia, even with the shortened session. |
| 0:44.9 | Yes, and a happy Black Friday to you, Carl. |
| 0:47.0 | We are going to be kicking off today's feed with a read on the consumer as Black Friday |
| 0:51.1 | becomes a make or break holiday this year. |
| 0:53.7 | An investor's eye, a potential consumer slow down alongside what's been a rolling tide of layoffs, |
| 0:59.9 | guidance cuts, and negative sentiment from names ranging from Target to Amazon. |
| 1:04.8 | Christina Partsnevlos joins us now with the latest. |
| 1:07.7 | Christina? |
| 1:08.3 | Well, Julia, between stuffing our faces with turkey meals, |
| 1:11.7 | shoppers, we're able to get in a lot of shopping yesterday. Consumers spent a record $5.3 billion. |
| 1:18.7 | $5.3 billion. It's not on here, but I'll say $5.3. That is up by this year and almost 3% |
| 1:25.5 | increased year over year. And to put that into context, on an average day, it's about $2 to $3 billion in the United States. |
| 1:32.7 | And today Adobe is predicting that number will jump to $9 billion, which sounds like a lot, but it's only a 1% increase year over year. |
| 1:39.8 | New data, though, from Captify has Walmart as the most search retailer for online Black Friday deals, followed by Target as well as Coles. |
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