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Daily News Brief for Thursday, January 19th, 2023

Daily News Brief for Thursday, January 19th, 2023

FromDaily News Brief


Daily News Brief for Thursday, January 19th, 2023

FromDaily News Brief

ratings:
Length:
16 minutes
Released:
Jan 19, 2023
Format:
Podcast episode

Description

CLUB PORTAL CONTENT - Martin Luther King Jr. – A Wrongfully Religious Saint For The Right & The Left 0:10-2:31
 
That was our backstage show featuring Chad Jackson of Uncle Tom 2
 
And This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, January 19th, 2023.  Ladies and gentleman, now is the time to sign up for a club membership at fightlaughfeast.com! This year, CrossPolitic will be dropping EXCLUSIVE content into our club portal, that you won’t be able to find ANYWHERE else. Some of this content will include a Bible study series with Pastor Toby, a special with New Saint Andrew’s President, Ben Merkle, our backstage content, and probably stuff that Gabe hasn’t told myself Toby or Knox about! So again, head on over to fightlaughfeast.com to get signed up today! That’s fightlaughfeast.com. 
 
https://www.cnbc.com/2023/01/18/holiday-2022-sales-fall-short-of-expectations.html
 
Holiday sales fall short of expectations, set stage for tougher 2023 for retailers
 
Holiday sales came in below industry expectations, as shoppers felt pinched by inflation and rising interest rates, according to data from the National Retail Federation.
 
Sales during November and December grew 5.3% year over year to $936.3 billion, below the major trade group’s prediction for growth of between 6% and 8% over the year prior. In early November, NRF had projected spending of between $942.6 billion and $960.4 billion.
 
The retail sales number excludes spending at automobile dealers, gasoline stations and restaurants, and is based on data from the U.S. Census Bureau. It covers the period from Nov. 1 to Dec. 31.
 
The holiday sales gains include the impact of inflation, which drives up total sales. The consumer price index, which measures the cost of a broad mix of goods and services, was up 6.5% in December compared with a year ago, according to the Labor Department.
 
For retailers, the shopping season’s results reflect the challenges ahead. As Americans continue to pay higher prices for groceries, housing and more month after month, they are racking up credit card balances, spending down savings and having fewer dollars for discretionary spending.
 
Plus, retailers are following years of extraordinary spending. During the Covid pandemic, Americans fought boredom and used stimulus checks by buying loungewear, throw pillows, kitchen supplies, home theater systems and more.
 
That translated to sharp year-over-year jumps in retail sales in the past two holiday seasons — a 14.1% gain in 2021 and 8.3% gain in 2020. On average, holidays sales have grown by 4.9% annually over the past decade, according to NRF.
 
NRF Chief Executive Matt Shay said those upward leaps were unsustainable, especially as people return to commuting, going out to dinner and booking vacations again. Plus, he said, Americans are paying higher prices across the board, from pricier rents to more expensive groceries.
 
Sales rose in most major retail categories during the holiday season. Online and nonstore sales saw the biggest year-over-year gains, jumping 9.5% during the holiday season. Sales at grocery and beverage stores, which have had significant price increases, rose 7.8% versus the year-ago period.
 
Demand in some categories noticeably weakened. Sales at furniture and home furnishings stores declined 1.1% and sales at electronics and appliances stores dropped 5.7% year over year.
 
https://www.dailyfetched.com/climate-group-turns-on-world-economic-forum-after-hundreds-of-private-jets-fly-into-davos/
 
Climate Group Turns on World Economic Forum after Hundreds of Private Jets Fly into Davos
 
Greenpeace torched the World Economic Forum attendees for traveling to Davos, Switzerland, in a scathing rebuke of the Klaus Schwab run event.
 
According to a newly released analysis commissioned by Greenpeace found, approximately 1,040 private jets flew in and out of airports servicing Davos during last year’s World Economic Forum conference.
 
Of those jets, most were
Released:
Jan 19, 2023
Format:
Podcast episode

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Daily News Brief