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The mad scramble between Thanksgiving and Christmas just got six days shorter.Black Friday once again kicks off the start of the holiday shopping season. But with six fewer days than last year, it will be the shortest season since 2013 because Thanksgiving fell on the fourth Thursday in November — the latest possible date it could be. That means customers will have less time to shop and retailers will have less time to woo them.Adobe Analytics predicts a loss of billion in online revenue from a shortened season. Still, it expects online sales will reach 3.7 billion, up 14.1% from last year’s holiday seasonThe National Retail Federation, the nation’s largest retail trade group, baked the shorter season into its forecast, but it says the real drivers will be the job market. It forecasts that holiday sales will rise between 3.8% and 4.2%, an increase from the disappointing 2.1% growth seen in the November and December 2018 period that came well short of the group’s prediction.Last year’s holiday sales were hurt by turmoil over the White House trade policy with China and a delay in data collection by nearly a month because of a government shutdown. This year’s holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.NRF expects online and other non-store sales, which are included in the total, to increase between 11% and 14%, for the holiday period.Black Friday is expected to once again be the largest shopping day of the season, followed by the last Saturday before Christmas, according to MasterCard SpendingPulse, which tracks spending across all types of payments including cash and check. Thanksgiving Day isn’t even on the top 10 holiday shopping days, according to MasterCard.The 2019 holiday season will be a good measure of the U.S. economy’s health. Many retail CEOs describe their customers has financially healthy, citing moderate wage growth and an unemployment rate hovering near a 50-year low.“The overall picture is positive,” said Craig Johnson, president of Customer Growth Partners, a retail consultancy. “People are spending out of positive cash flow as opposed to borrowing.”Economic growth has moderated since earlier this year, with growth at just 1.9% in the July-September quarter, down from 3.1% in the first three months of the year. Analysts blame at least part of that on the U.S.-China trade war, which has forced many companies to delay plans to invest and expand.That’s left consumers as the main drivers. So far, Americans have kept up their spending, allaying fears of a recession.With more holiday deals happening earlier to compensate for the late start, many have already started to shop. More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released by the NRF and Prosper Insights & Analytics. The survey of 7,917 adult consumers was conducted Oct. 31 through Nov. 6.“This is further evidence that the holiday season has grown far beyond the period between Thanksgiving and Christmas,” said Matthew Shay, president and CEO of NRF, in a statement. 3173
The Democratic Party and CNN announced that the next Democratic Party debate, which will likely feature Joe Biden and Bernie Sanders, will be without an audience. CNN also announced that the media filing room and spin room, an area for journalists to gather interviews for reports, will also be closed. "CNN's top priority is the safety of our employees and community members," the network said in a statement. "This extends to guests planning to attend or cover our debate on March 15. At the request of the campaigns and out of an abundance of caution, we have made the decision to eliminate the debate live audience, the press filing center and spin room in Phoenix."Sunday's debate will be the first one-on-one debate between Biden and Sanders. Earlier on Tuesday, both campaigns canceled planned rallies that were slated to be held in Cleveland. The Cleveland area had three confirmed cases of COVID-19 on Monday."DNC has been in regular communication with local health officials and the Mayor's office, which advised that we could proceed as planned," DNC Communications Director Xochitl Hinojosa said in a statement. "Nevertheless, our number one priority has and will continue to be the safety of our staff, campaigns, Arizonans and all those involved in the debate. We will continue to remain in daily contact with all stakeholders through Sunday." 1369
The Internal Revenue Service issued a warning Friday about a new twist on the usual impersonation phone scam. Officials say criminals are faking calls from the Taxpayer Advocate Service (TAS), an independent organization within the IRS. Similar to other IRS impersonation scams, the con artist makes unsolicited calls to the victim, falsely claiming to be from the IRS. But now scammers have discovered a way to "spoof" the phone number of the TAS office in Houston or New York. The victim answers or returns the call, the criminal requests personal information, including a Social Security number or individual taxpayer identification number. The TAS office helps taxpayers resolve IRS issues, such as sudden financial difficulty, but does not call residents out of the blue. Characteristics of the calls are: Scammers use fake names and IRS badge numbers to identify themselves.Scammers may know the last four digits of the taxpayer’s Social Security number.Scammers spoof caller ID to make the phone number appear as if the IRS or another local law enforcement agency is calling.Scammers may send bogus IRS emails to victims to support their bogus calls.Victims hear background noise of other calls to mimic a call site.After threatening victims with jail time or with driver’s license or other professional license revocation, scammers hang up. Others soon call back pretending to be from local law enforcement agencies or the Department of Motor Vehicles, and caller ID again supports their claim.The IRS will never: Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail a bill to any taxpayer who owes taxes.Threaten to immediately bring in local police or other law enforcement groups to have the taxpayer arrested for not paying.Demand that taxes be paid without giving taxpayers the opportunity to question or appeal the amount owed.Ask for credit or debit card numbers over the phone.Call about an unexpected refund.For taxpayers who don’t owe taxes or don’t think they do:Please report IRS or Treasury-related fraudulent calls to phishing@irs.gov (Subject: IRS Phone Scam).Do not give out any information. Hang up immediately. The longer the con artist is engaged; the more opportunity he/she believes exists, potentially prompting more calls.Contact TIGTA to report the call. Use their IRS Impersonation Scam Reporting web page. Alternatively, call 1-800-366-4484.Report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add "IRS Telephone Scam" in the notes.For those who owe taxes or think they do:Call the IRS at 800-829-1040. IRS workers can help.View tax account online. Taxpayers can see their past 24 months of payment history, payoff amount and balance of each tax year owed.Click 2888
The firearm used in the deadly Riverside, California, shootout was an untraceable AR-15-type weapon assembled from separately acquired parts, commonly known as a "ghost gun," a law enforcement source told CNN Thursday."Ghost guns" are firearms manufactured without serial numbers and require no background checks for purchase, making them difficult for law enforcement authorities to trace, according to the 420
The House Judiciary Committee on Wednesday approved a subpoena to obtain the full confidential report from special counsel Robert Mueller, sending a warning to Attorney General William Barr not to redact Mueller's report and setting the stage for a clash between Congress and the Trump administration.Wednesday's vote, which was divided along party lines, comes the day after an April 2 deadline House Democrats set for Barr to provide the full Mueller report to Congress. House Judiciary Chairman Jerry Nadler now has the ability to issue a subpoena for Mueller's unredacted report as well as the underlying evidence collected during the 22-month investigation into Trump's team.Nadler says he is not issuing the subpoena immediately, but Wednesday's action escalates the fight over Mueller's investigation between House Democrats and Trump, who has recently walked back his previous calls for the report to be released.Barr has said he is working with Mueller to release a redacted version of the report, which totals nearly 400 pages, and plans to release it publicly around mid-April. But Democrats have said that a redacted report is not acceptable."The big question is, do we get the entire report and the documentation? Or does he redact it so it's meaningless?" Nadler told on CNN's Wolf Blitzer on Tuesday.In addition to the Mueller report subpoena, the committee plans to vote to authorize five subpoenas Wednesday for former White House officials -- Steve Bannon, Reince Priebus, Hope Hicks, Donald McGahn and Annie Donaldson -- related to obtaining documents in the panel's investigation into possible obstruction of justice.The subpoenas set the stage for a potential court fight with the Trump administration if the Justice Department will not provide what Democrats have requested. The committee does not plan to issue the subpoenas Wednesday, but once they are authorized, Nadler can issue them at any time afterward, according to a Democratic committee aide.Democrats want to show courts they were being reasonable in giving the Justice Department time to respond, the aide said, if the issue ultimately comes down to a court fight.Nadler said Tuesday he was "not committing" to waiting for Barr to release the report he's working on before issuing a subpoena, saying subpoenas would be used "as necessary" and he wanted to see what cooperation the committee gets first from the attorney general."I will give him time to change his mind. But if we cannot reach an accommodation, then we will have no choice but to issue subpoenas for these materials," Nadler said at Wednesday's subpoena markup. "And if the Department still refuses, then it should be up to a judge — not the President or his political appointee — to decide whether or not it is appropriate for the committee to review the complete record."Rep. Doug Collins of Georgia, the top Republican on the committee, accused Nadler of voting on the preemptive subpoenas to generate headlines, and said that Nadler was asking Barr to provide information that goes against the law."He's is expressly forbidden from providing grand jury materials outside the department (with) very limited exceptions. Congress is not one of the exceptions and the chairman knows it," Collins said. "The attorney general, although he has been smeared repeatedly, is doing exactly what the regulation says. And for that, congratulations Mr. Attorney General, you get a subpoena."Trump less enthusiastic about releasing reportSoon after Mueller concluded his report, Trump told reporters in the Oval Office it "wouldn't bother me at all" if the report was made public. But he has since indicated less enthusiasm for releasing a report he once wrongly claimed "totally exonerated" him, though he continues to maintain that it's Barr's decision to release the report."There is no amount of testimony or document production that can satisfy Jerry Nadler or Shifty Adam Schiff," Trump tweeted Tuesday morning. "It is now time to focus exclusively on properly running our great Country!"And as Democrats have demanded the full Mueller report from Barr, Nadler and Schiff, the House Intelligence chairman, have increasingly become targets of Trump's attacks on Twitter and in public. Trump on Tuesday accused Nadler of opposing the 1998 release of Ken Starr's report after the investigation into former President Bill Clinton."So Jerry Nadler thought the concept of giving the Starr Report was absolutely something you could never do. But when it comes to the Mueller Report, which is different on our side, that would be something that he should get. It's hypocrisy and it's a disgrace," Trump said Tuesday in an Oval Office meeting with NATO Secretary General Jens Stoltenberg.Nadler responded by saying Trump was wrong because his comments came after Starr's report had already been released publicly, and when Congress was debating whether to make Starr's evidence public, too."In 1998, the debate was not about Congress receiving evidence. Congress had already received the full, 445-page report and 17 boxes of additional documents, including grand jury material," Nadler said. "We are owed that same opportunity today."Nadler also authorized subpoenas for White House officialsIn addition to the subpoena for the Mueller report and evidence, the committee was voting Wednesday to authorize subpoenas to five former White House officials.The subpoenas were the first Nadler was moving forward with since he sent letters last month to 81 individuals and entities kicking off a widespread investigation into possible obstruction of justice, corruption and abuse of power.Nadler said the subpoenas were being issued because the five former White House officials may have received documents in preparations for their interviews with the special counsel that Democrats believe are not protected by executive privilege."We also believe that these individuals may have turned this information over to their private attorneys," Nadler said. "Under applicable federal law, President Trump waived his claims to executive privilege once this information was transmitted to outside counsel.But Collins slammed the chairman for preparing subpoenas for individuals who have been cooperating with the committee, and seeking documents from them that were under control of the White House. In two cases, he said, the officials turned over documents already, and the other three have indicated a willingness to cooperate."The chairman is rewarding their cooperation by announcing their subpoenas before even notifying their lawyers," Collins said. 6593