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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Leslie Lado. Black Friday has ushered in what many expect

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Speaker 1: to be the busiest shopping weekend leading up to Christmas.

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Speaker 1: Adobe Digital Insights says they expect consumers to spend ten

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Speaker 1: billion dollars this weekend and that Cyber Monday is still

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Speaker 1: expected to be the seasons and year's biggest online shopping day. Vivicpandea,

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Speaker 1: the lead analyst with Adobe Digital Insights, with more on

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Speaker 1: why he's expecting such a solid holiday shopping season.

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Speaker 2: When we think about this holiday season, it's very different

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Speaker 2: than previous years when we had things like the supply

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Speaker 2: chain issues during the pandemic years, or when we had

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Speaker 2: the inflation really pick up in twenty twenty two, when

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Speaker 2: we're coming into the season with eight percent inflation. Now

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Speaker 2: we're coming into this season with about three percent inflation.

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Speaker 1: Holiday shopping deals keep popping up earlier in November every year.

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Speaker 1: They're trying to go off. In twenty twenty with the

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Speaker 1: pandemic during a time when more deals were being pushed

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Speaker 1: online to prevent large crowds in stores. More Americans are

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Speaker 1: expected to buy now and pay later for the holidays.

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Speaker 1: Bloomberg's Amy Morris reports analysts see a growing risk with IT.

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Speaker 3: Consumers are expected to use buy now, pay later payment

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Speaker 3: plans heavily this holiday season, a forecast that vodes well

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Speaker 3: for retailers but has credit experts sounding alarm bells. The

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Speaker 3: short term loans often come with consumer friendly interest rates

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Speaker 3: and allow shoppers to make an initial payment at checkout,

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Speaker 3: then pay the rest and installments, typically over a few

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Speaker 3: weeks or months. Analysts say key features of the plans

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Speaker 3: can make borrowing too easy, saddling consumers with excessive debt.

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Speaker 3: Amymore as Bloomberg Radio.

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Speaker 1: Ukrainian President Voladimir Zelensky says special convoys are riding with

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Speaker 1: vessels carrying key exports from Ukraine, including food, through the

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Speaker 1: Black Sea to ensure safe passage. Kiev recently opened a

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Speaker 1: unilateral corridor from the region to allow ships to transport

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Speaker 1: commodities like grains and metals from its deep sea ports

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Speaker 1: after Moscow pulled out of a United Nations backed Black

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Speaker 1: Sea grain deal that had guaranteed safe movement of crop vessels.

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Speaker 1: Zelensky says he has deals in place with several countries

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Speaker 1: regarding powerful convoys operated by Ukrainians but equipped with foreign gear.

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Speaker 1: Elon Musk's social media platform is suing Media Matters after

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Speaker 1: the liberal watchdog group reported advertisements on X appeared next

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Speaker 1: to pro Nazi posts. Bloomberg News legal editor Peter Blumberg

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Speaker 1: says the lawsuit boils down to a classic defamation case.

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Speaker 4: There is two prongs to it. You have to show

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Speaker 4: a that the information is false. You have to show

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Speaker 4: that it is also in some way intentional.

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Speaker 1: Or that's Bloomberg News Legal editor Peter Blumberg. X claims

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Speaker 1: Media Matters manipulated the platform's algorithm to push a false narrative.

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Speaker 1: Media Matters says the lawsuit is a bully tactic meant

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Speaker 1: to silence critics. The conglomerate Signa, founded by an Austrian tycoon,

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Speaker 1: is holding last ditch talks with investors to try to

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Speaker 1: shore up funding. Renee Banco's company looking for a lifeline

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Speaker 1: to avoid a wave of insolvencies in the twenty three

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Speaker 1: billion euro property empire. One unit of Signa already filed

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Speaker 1: for insolvency earlier this weekend, and there could be more

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Speaker 1: notifications in coming weeks. Recent negotiations for six hundred million

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Speaker 1: euros at a roadblock, but some discussions continue. But those

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Speaker 1: familiar with the situation say the odds of a deal

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Speaker 1: are pretty low, and a winter storm could disrupt post

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Speaker 1: Thanksgiving travel plans across the nation's mid section. The National

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Speaker 1: Weather Service has reported the wind her storm will spread

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Speaker 1: heavy snow from the central Plains to the southern Rocky Mountains,

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Speaker 1: with gusty winds causing hazardous travel in some regions. The

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Speaker 1: news comes as the TSA has been expecting a record

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Speaker 1: breaking three million travelers to fly home Sunday alone. That's

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Speaker 1: news when you want it. With Bloomberg News Now, I'm

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Speaker 1: Leslie Lado and this is Bloomberg