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1 big thing

How the transition affects you

1 big thing

Axios

News

4.02K Ratings

🗓️ 25 November 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

President-elect Joe Biden and his team can now officially begin the transition of power. But President Trump's delay cost the new administration 20 days of highly valuable planning time that is essential to pulling off a smooth transition of power across multiple agencies in the vast federal government. Bestselling author Michael Lewis joins us for an exclusive interview. Plus, the reality of 2020 holiday shopping. Guests: Axios' Aja Whitaker-Moore and author and host of the Pushkin podcast "Against the Rules," Michael Lewis. Credits: "Axios Today" is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Carol Wu, Cara Shillenn, Nuria Marquez Martinez, Dan Bobkoff, Sara Kehaulani Goo, Alex Sugiura and Naomi Shavin. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning. Welcome to Axios today. It's Wednesday, November 25th, and it's our last

0:08.4

show this holiday week. I'm Niala Boodoo. Here's how we're making you smarter today.

0:12.8

Best Selling Author Michael Lewis on why a smooth transfer of power matters.

0:18.0

But first, Black Friday in a pandemic is today's one big thing.

0:26.0

For many of us, Thanksgiving is going to look different,

0:28.0

and so is another American ritual this week,

0:31.0

and that's Black Friday.

0:32.0

That's the traditional kickoff to

0:33.8

holiday shopping. We're used to seeing hordes of people busting down doors of

0:37.9

big box stores to score a cheap TV or a PlayStation. But how is all of this going to

0:42.2

work this year?

0:43.2

With me now as Exios is managing editor of Business, Asia Moore.

0:46.6

So Asia Black Friday isn't really even a Friday this year.

0:50.4

Absolutely.

0:51.4

I think that was a trend that was starting before the pandemic,

0:53.7

but has definitely continued this year.

0:56.4

Black Friday isn't just one day.

0:58.4

It started weeks before.

1:00.2

You can go into a store and online right now and find the same deals that you'd be looking

1:04.8

for lining up the day after Thanksgiving.

1:08.7

And what about shoppers?

1:10.1

Do they have as much money to spend this year?

...

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