A look at the events that are sure to make the market move next week — the final week of 2019!
Illinois is ringing in the new year by legalizing pot. On January 1st, residents that are at least 21 years old will legally be allowed to possess up to 30 grams of marijuana flower, 5 grams of cannabis concentrate and products infused with half a gram of THC. Non-residents will be allowed to purchase half of those amounts. Stores are planning to open their doors as early as 6am Wednesday to manage the anticipated rush.
Next week is a big travel week as the holiday season comes to a close. AAA says a record 115.6 million Americans will have traveled between December 21st and Wednesday, January 1st. More than 90 percent will travel by car, the most on record. But AAA doesn't expect many delays from the influx in travelers — unless you're in big cities like New York or Washington DC. Traffic in those cities will triple next week.
There's also been a 5% jump in air travel, the biggest year-over-year increase since AAA began tracking this data in 2000.
Not everyone was happy with their holiday presents this year. On January 2nd, National Returns Day, people are expected to deposit 1.9 million packages according to UPS. That's an increase of 26% from last year. Thursday is set to mark the seventh consecutive record National Rreturns Day, following growing e-commerce gift purchases. A rise in returns spells out bad news for retailers, costing up to millions of dollars in lost sales.
Babylist CEO Natalie Gordon joins Cheddar to discuss how the website is helping new parents, how to make a registry and how secondhand options are available.
ReturnPro CEO Sender Shamiss to discuss how his company is changing the way we make returns and how Trump's tariffs are affecting the return business. Watch!
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
