We're about halfway through Cyber Monday on the East Coast (as of this writing). It's the biggest, most critical online shopping day of the year. And almost every major retailer is planning to take advantage of the hottest day to shop online.
But can shoppers really find the best deals so early in the season? And did Black Friday turnout meet expectations?
This morning on American Morning, NPD Group chief industry analyst Marshal Cohen talks about the deals to be had and how Black Friday turned out for retailers.
Egypt is at a crossroads this morning.
With thousands of protesters occupying Tahrir Square, Egyptians are heading to the polls. It's the first stage of an election that's scheduled to last into March and it comes on the heels of violent demonstrations that have killed at least 42 people
This morning on American Morning, Fawaz Gerges, director of the Middle East Center at the London School of Economics joins from London to talk about the historical significance of an election in a post-Mubarak Egypt.
Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
* Shoppers, start your search engines! It's Cyber Monday. According to the National Retail Federation, 123 million bargain hunters are expected to log on and look for deals. Today's shopping event is projected to bring in a record $1.2 billion.
* Today's bargains follow a record-breaking Black Friday and holiday weekend. Retailers took in a total $52.4 billion dollars from Thursday through Sunday. That's up from $45 billion from last year.
* While retailers have reason to be optimistic this holiday season, investors are bracing for more uncertainty. Today, the markets will be watching the European Union/U.S. summit in Washington where leaders are expected to discuss ways to stop the credit crisis in Greece and Italy from spreading to more countries in the region.
* Right now, world markets and U.S. stock futures are up. There's some optimism this morning that Europe is moving forward to fix its debt problems. This after a report in an Italian newspaper said Italy and the IMF are in talks for a bailout.
* This week we'll also get key readings on the housing market and manufacturing. Attention then turns to the all-important November jobs report, which comes out this Friday.
* "The Twilight Saga: Breaking Dawn – Part 1" raked in $42 million over the weekend. Debuting at no. 2 was Disney's family flick "The Muppets," with sales of $29.5 million.
Tune in to American Morning at 6am Eastern every day for the latest in business news.