AccuWeather has announced a 2017 holiday sales forecast that exceeds National Retail Federation estimates by as much as $4 billion. Founder, President, and Chairman of AccuWeather Joel Myers joins Cheddar to discuss how much of that spending is weather-related.
He says that people get into the holiday shopping mood when the weather gets cold and snowy. And because of that, this has been a positive year for the retail industry. As for those last minute shoppers, Myers says he doesn't see a weather forecast that will impact shipping. He does foresee some delays due to the bottleneck of ordering last minute.
Plus, will you see a White Christmas? Myers predicts no extreme cold or heavy snow in the heavily populated areas around America. Montana and Wyoming will see some snow on Christmas Day, while towns north of Chicago and Detroit will get a dusting as well. However, eastern states aren't expected to see much snowfall this holiday.
First American Deputy Chief Economist Odeta Kushi joins Closing Bell to discuss the pros and cons of renting vs. owning your home in the current market. Owning can involve extra costs -- but compared to renting, it's better to own in order to build equity.
It's hard to believe that 2020 will soon be something we went through two years ago. Although we are making progress as a society, it's clear that looming mental health problems continue to be reported for people nationwide. A new study by the telehealth company Evernow, found that women are largely being impacted by the tolls of the pandemic. Dr. Alicia Jackson, CEO and founder of Evernow joins us to discuss those factors.
In stories sure to move markets next week, Robinhood and several retail giants report earnings, Jerome Powell takes the podium, New York City's mask mandate goes into effect, and Tesla hosts its 'AI Day.'
