MAGAnomics – U.S. Black Friday Online Consumer Spending $5.4 Billion (+22%)…

Jumpin’ ju-ju bones…. Keep in mind as you review these numbers – U.S. consumer spending accounts for two-thirds of total U.S. GDP.  The sales numbers from Thanksgiving and Black Friday are exceptionally strong, showing confidence by consumers this holiday season.  This is not the ‘recession’ we were promised by pundits.

Continued strong wage growth amid all sectors of the U.S. workforce, particularly in non-supervisory positions, combined with low inflation and low energy costs, means consumers are spending out of ‘household cash flow’ which is considerably higher.

(Via CNBC) […] Spending online on Black Friday, as of 9 pm ET, hit a new record of $5.4 billion, up 22.3% from a year ago, according to data pulled from Adobe Analytics, which measures transactions from 80 of the top 100 U.S. online retailers.

This comes as foot traffic appeared to be lighter at shopping malls across the country on Friday, a day that traditionally has been reserved for people to line up outside of big-box retailers and department stores to score doorbuster deals.

Total spending online on Black Friday is still forecast by Adobe to hit $7.6 billion, which would make the day the second-biggest online sales day ever, after Cyber Monday in 2018, where $7.9 billion was spent.

However, Adobe is still expecting spending on Cyber Monday this year to hit an even bigger record $9.4 billion, an 18.9% jump from a year ago.

Shoppers meantime already spent $4.2 billion online on Thanksgiving Day, a 14.5% increase from last year and a record high, Adobe had said earlier in the day on Friday. While this marks the first year Thanksgiving spending surpassed $4 billion. (read more)

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This entry was posted in Big Government, Dem Hypocrisy, Donald Trump, Economy, Election 2020, media bias, President Trump, Uncategorized, US Treasury, USA. Bookmark the permalink.

89 Responses to MAGAnomics – U.S. Black Friday Online Consumer Spending $5.4 Billion (+22%)…

  1. rebel53blog says:

    MAGAnomics 👍👍

    Liked by 11 people

  2. Perot Conservative says:

    Sweet!!! Pass USMCA!

    Interesting that Pelosi and key Democrats will be gone when the fraudulent FISA report breaks Dec 9th. They are traveling to a UN climate conference in Spain.

    Will the Do Nothing Democrats also refuse to bring USMCA and 300,000 new jobs to a vote?

    Liked by 3 people

    • zekness says:

      USMCA has to provision some hard lines with immigration enforcement with measurable numbers from mexico..or its just stupid to put mexico anywhere near a preferred trade partner.

      just saying.

      Like

      • Ray Runge says:

        Effectively ameliorate the cartels is an upstream activity that will greatly facilitate border control and effective immigration control.

        A potential spin off of USMCA and cartel control will result in an economic environment the would be conducive for the Mexicans to develop a stake in life in Mexico.

        Liked by 2 people

  3. Mari in SC says:

    Unfortunately, much of what they bought was made in China or other communist countries.

    Liked by 5 people

    • Eric C. says:

      I don’t know if you’ve heard, but China’s not doing as well these days.

      Liked by 7 people

      • Mari in SC says:

        True but buying Christmas gifts and decorations made in a country where they are not legally allowed to celebrate Christmas…

        Like

      • Ross says:

        Not so sure Eric. Compare these Black Friday retail figure with the Singles Day figures in China ( Nov 11). T Mall and JD.com combined were approx US $60 Billion.

        Like

    • Grandma Covfefe says:

      Yes, that thought crossed my mind, but for now we are fighting to survive, to hold onto our Constitution. We’ll have to make do with what is offered for now, to prove to the Dems we don’t need or want their ideas of “prosperity”, which is nothing more than just a big scam.

      There is enough distractions going on for now but hopefully that’ll be on the agenda down the road…. minimizing/zero trade deals with Communist countries and other countries we deem as threats to sovereignty USA and our allies.

      This news will help convince more people to vote for President Trump in 2020. President Trump is very clever and I’m so thankful he’s on our side.

      Liked by 6 people

      • Dances with Wolverines says:

        When the Democrats talk about and promise “prosperity” they are speaking on behalf of the citizens of every socialist, communist, or third world country who’s governments do not embrace capitalism. They want The American People to sacrifice so the rest of the world can survive and prosper under their government’s anti capitalistic rules. (Re Distribute the wealth)

        Liked by 4 people

        • Dutchman says:

          D with W,
          That is the CON, in CONmunism. Actually, they want “prosperity” for a small group at the Top, in each region, who will live in extreme luxury, while the rest eke out a living.

          Look at CCP in China, or Politoburo in USSR, or Chavez group in Venezuela, Castros inner circle in Cuba.

          Little difference withe the Mullahs, in Iran. Only difference is the islamic CON is the muslim religion, whereas Conmunism makes worship of the State, and the collective, as the religion.

          They are just more sophisticated cons, than 3 card monte, the lost wallet, etc.

          But, the methods and goals are the same. First, trigger a strong emotional responce in the victim. Greed/avarice, jealosy/resentment, sympathy,…it doesn’t matter, so long as it is,strong enough to shut down critical thinking.

          Then, DECEPTION with lies that aren’t questioned, BECAUSE critical thinking is muted.
          And, the goal is for the victim to willingly hand over their fortunes, their liberty, even their offspring to the perpetrators.

          Thing is, Islamic and Conmunist cons are the longest of ‘long cons’; and like the Ponzi scam, eventually they are exposed. So, they con long enough to get in power, and then ruthlessly suppress dissent, as their victims realise the truth.

          Liked by 5 people

          • American Heritage says:

            And lest we forget: Communism always commits mass genocides against its own people who do not properly serve the almighty state. It is responsible for millions of death in the 20th and 21st Centuries.

            Like

    • wodiej says:

      So are Chinese going to stop taking plane trips because one of their largest imports is aircraft?

      Like

  4. MD says:

    Just remember, this is all because of the stuff Obama did. NOT!

    Liked by 5 people

    • Kenji says:

      Of course the deceitful DRUDGE felt it necessary to HEADLINE an article that blared … “Black Friday Retail crowds Smaller than ever”! As if this would make people believe the Trump economy was a FAILURE. The anti Trumper’s are persistent if not completely and transparently idiotic

      Liked by 5 people

  5. margarite1 says:

    Peace and prosperity!

    I listened to the interview of Doug Wead posted here and ordered his book Inside The Trump Whitehouse. The interview was fascinating and confirmed so much of what I believe. One of the salient points is that POTUS has brought us peace and prosperity much to the angst of so many – including those who’d rather see us suffer if it would mean getting rid of our great POTUS.

    We are so lucky that Donald Trump decided to take on the corruption that has been destroying the middle class.

    Liked by 13 people

  6. Grandma Covfefe says:

    Thank You, President Trump and MAGA Team. You are appreciated.

    Dear Dems, You Lost. Go away.

    Liked by 13 people

  7. TradeBait says:

    Best recession evah…

    Liked by 3 people

  8. If sales were this good why did Drudge keep a headline up for two days that sales were awful?

    What the heck is wrong with Drudge?

    Liked by 3 people

    • margarite1 says:

      I took Drudge off my bookmarks and haven’t been there in over a month. He sold out.
      https://www.investmentwatchblog.com/drudge-sold-out-to-big-tech/.

      Liked by 2 people

    • Tom22ndState says:

      To cja – Drudge sold out a very long time ago, probably hates/fears Trump as well.

      Liked by 2 people

    • I Hear You Now says:

      Drudge is NOT the Drudge we all knew and loved before the Nov 2016 election.

      Try Whatfinger instead.

      Liked by 1 person

    • Sharon says:

      Drudge has become an aggregate site, pulling articles from all over the place. It still as “right side” articles as well as lefty stuff.

      If you take it as an aggregate site, there is benefit in scanning for what’s going on.

      Nothing on Drudge is produced by Drudge, as far as I can see.

      So he’s a site-owner who gets to put what he wants on his site. Frankly, it doesn’t bother me. I don’t have to read anything I don’t want to.

      Like

      • GB Bari says:

        Drudge always was a news aggregator. He either pioneered the concept or he made it famous. But he proudly called himself a citizen journalist in the early days.

        From a July 2019 Townhall article*:

        In 1998, Drudge gave a speech before the National Press Club in Washington, D.C. in which he mapped out a future. He dreamed of a national press free of editors and beholden not to corporate masters but driven by the ever industrial spirit of the American citizen reporter.

        Back then, after taking the lead on the explosive Monica Lewinsky scandal, Drudge told the Press Club that “…clearly there is a hunger for unedited information, absent corporate considerations.

        My oh my. The corrupting influence of big money. Judging from the sources he has chosen to link from his website, it appears that, 20 years later, Mr. Drudge has changed his mind and completely sold out to those corporate masters.

        *Ref. https://townhall.com/tipsheet/timothymeads/2019/07/15/matt-drudges-future-is-now-realized-and-that-has-legacy-media-enraged-n2550087

        Like

    • dufrst says:

      Drudge like Chic Fil A has succumbed to the Left. It’s so sad. With so-called friends like these, why do we have enemies?

      Like

    • sir4576 says:

      Nothing wrong with Drudge. They have consistently been spewing leftist BS for quite some time now.

      Like

    • GGHD says:

      “During an appearance on the Alex Jones Show, Drudge asserted that copyright laws which prevent websites from even linking to news stories were being advanced.”
      “I had a Supreme Court Justice tell me it’s over for me,” said Drudge. “They’ve got the votes now to enforce copyright law, you’re out of there. They’re going to make it so you can’t even use headlines.”
      “To have a Supreme Court Justice say to me it’s over, they’ve got the votes, which means time is limited,” he added, noting that a day was coming when simply operating an independent website could be outlawed.” = InfoWars, 10/6/2015<<<<<President Donald Trump. Jack Dorsey (Mr. Twitter) said on 10/30/2019,<<<~ "We’ve made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons…" (The reasons are explained on Dorsey's Twitter account.)
      Better yet, read TheConservativeTreehouse articles about President Trump being the NEW Sheriff in town.
      *******************************

      Maybe, Matt Drudge is just now revealing his true politics. OR = The other possibility, Matt Drudge was swimming alone in the Ether of the Internet; he decided for safety and financial well-being, to climb into the lifeboat piloted by the "Masters of the New Universe" [The social media billionaires].

      "For the love of money is the root of all evil."

      Like

      • GGHD says:

        Part of of my comment disappeared on posting. A paragraph spacing was eliminated too. I mentioned how influential people were calling for >President Trump to be banned from Twitter.

        Trump Did NOT appear with Drudge on InfoWars. Though Trump did make 1 appearance on InfoWars at the start of his 2016 campaign.

        Like

  9. Super Elite says:

    I am so sad the way the media and Republicons hate and despise. It makes me think of the way the Pharisees hated Jesus. The had Jesus killed by the government of their day— Pilate.
    Will our Lion be murdered by the Deep State too? tears icon

    Like

    • bertdilbert says:

      If Trump is going to implement lasting change, he will have to turn over the money tables in congress. Biden and Ukraine is the tip of the iceberg. Funny how Pelosi is now chasing corruption and gives the definition of bribery as something for something. It is what they are guilty of. Nobody is giving money for free.

      Liked by 2 people

    • donna kovacevic says:

      Respectfully you could have stopped with the killing of Jesus, how sad that was. Why even a question like that about beloved POTUS. The same Jesus that was killed is protecting PDJT. God Bless PDJT.

      Like

  10. Akindole says:

    That garbage indicator, “Consumer Confidence”, that has been declining for 4 straight months (which means people anticipated saving rather than spending in agenda surveys) just got blown apart by a Trumpian IED.

    But, we peasants/vulgarians knew that was coming…

    LMAO.

    Liked by 1 person

  11. Jlwary says:

    H&M’s phone app was inaccessible, I think, because of traffic for some time yesterday. It’s pretty cool to see prosperity!

    Like

    • Robert Smith says:

      O’bama’s two terms were a war against the American consumer and worker.

      People stopped spending and rode out the storm. And, now that that war is over, they are releasing their pent up frustrations and new-found wealth at the registers. American are working again and in good jobs so they aren’t afraid to spend. Winning!

      Liked by 1 person

  12. Robert Smith says:

    It’s just as crazy out there at the stores today.

    Liked by 1 person

  13. fangdog says:

    Hong Kong protesters embracing and demonstrating America’s support is a huge symbolic signal. Communist style oppressed people all over the World can feel a spirited hope for individual freedom and self-destiny.

    Liked by 2 people

  14. zekness says:

    while it is great that the consumer economy is strong…and I don’t want my comments to lesson the significance of this reality.

    PSA: every single time you buy something from Amazon, you are directly funding a company that is about as anti-american as you can ever possibly imagine.

    well over 90 percent of goods sold on amazon are manufactured and profits are earned by foreign interests. Amazon essentially makes enormous profits by offering these products to you and has anti-american policy agendas to support radical regimes that the US is currently engaged in very dangerous tenuous military and policy and trade differences…

    Jeff Bezos is pro-same sex marriage. He refused to accept invitation to a technology innovation committee formed by president trump. He is a member to nearly every single non-us technology innovation enterprisem often with connections to their military defense technology initiatives…but not the one in his own country, the United States, designated by this president!. Jeff Bezos is responsible for turning the moderate and generally middle open reporting repertoire of WAPOST into a far left leaning, dishonest, misinformation organ that manufactures and incites division and discord at its chief primary goal that has aborted more miscarriages of fact than any other news org in the US…its literally neck and neck with CNN by comparison. Jeff Bezos successfully was awarded a nearly 1 Billion dollar contract for CIA network and server and software business. His company has legally challenged this administrations restrictions on both huawei and zte network devices that are now being removed from all federal networks. This dangerous chinese state connected hardware and software that runs it, comprises nearly every single aspect of sensitive materials network devices that his company uses within the CIA!!! This contract was awarded in 2018…There is no public information at this time that the CIA has made plans to remove this equipment. Jeff bezos has filed a complaint legally charging conspiracy that the DOD awarded Microsoft and not his company for another lucrative “cloud” contract, worth nearly 10 Billion dollars. Bezos wants to have deep contracts at the most sensitive data at the most important national security organizations that protect this nation…and yet, his political views are more than questionable wrt to being a reliable and good manager over sensitive materials contracts. His anti-american views are well known.

    so when you buy from amazon…just understand you are financing not only non-us companies..but adding more billions of profits directly into a man who has demonstrated a complete lack of respect for values shared by most americans.

    I can make some arguments similarly with walmart and certainly target.

    the point here is…the are “better ways” to spend your money intelligently…there are options.

    buy american made and support your local businesses…

    r,

    tim

    Liked by 4 people

    • Magabear says:

      I agree 100% with the above comment!

      I have had an item or two that I could only get on Amazon (some small manufacturers only sell their wares on Amazon), but other than that it’s no can do for that company.

      Liked by 1 person

    • GB Bari says:

      I’d love to find an online e-tailer aggregation website that does for online outlets what Drudge did for new outlets. Sorted by product category.

      And it should list as many outlets as possible while conspicuously excluding Amazon and any other online shopping sites known to be run by anti-Trump, anti-MAGA owners.

      Whoever does that could make a small fortune while providing an invaluable service.

      Like

      • Dutchman says:

        GB,
        As long as we are wishing, lets go big.
        A site as you describe, that ONLY lists products made in USA?

        Like

        • Magabear says:

          There are quite a few sites like that. Made in USA Forever and Still Made in USA are a few of them.

          Like

        • GB Bari says:

          That can be a subcategory in the product search filter :-). Unfortunately not enough products are yet made here to limit the search for everything. Eventually ,maybe, hopefully….

          Like

          • Dutchman says:

            Oh, its coming. It took 30 years for all our manufacturing to get outsourced to China, its going to take a little while to bring it all back.

            Currently 7 million jobs going unfilled. On the BRIGHT side, imagine what China is experiencing.
            Jobs that came in gradually, are POURING out, and you know what?

            They AIN’T coming back, and Xi ain’t got NO ‘magic wand’, just a useless club.

            Liked by 1 person

  15. Magabear says:

    Does “spending” 90 minutes on the phone with my bank and a vendor who charged a transaction I didn’t make count as holiday spending? 😒😡😤

    Like

    • 335blues says:

      It is regular procedure for me now to have my credit card
      replaced with new one with new code at least once a year
      just for that reason.

      Like

      • Magabear says:

        Not a bad idea. In this instance, the vendor mixed up my lesser dollar value purchase with someone elses higher value purchase. No less frustrating.

        Like

  16. ChampagneReady says:

    Newsweek is reporting that according to Adobe Analytics, it has now already reached 7.4 billion.

    Like

  17. Trucker Hess says:

    On a load from Cali to Boston… every mall I passed Friday “appeared” packed to me. Leaving Columbus, OH on the 71, I had to slow down because it looked like an accident ahead. Nope, it was the traffic going to the mall backed up into the highway. I’m betting there was more foot traffic than they think.

    Liked by 2 people

    • Ad rem says:

      Safe travels Trucker!

      Like

    • Magabear says:

      Stay away from the King of Prussia mall here in PA……….traffic was impenetrable around there yesterday. I’ve never seen anything like that.

      Like

    • LafnH20 says:

      Same experience here, Trucker Hess!!

      South on I-5 in Oregon my navigation app showed a 23 minute delay ahead. As you stated… traffic backed up on an off ramp near a mall… nearly 1/4 mile onto the Interstate.

      The #’s are gonna be YUGE.

      You be safe… Goin thata way!!

      Like

  18. 2Alpha says:

    I’m really liking this ‘magic wand’ stuff…
    KAG!

    Liked by 3 people

  19. Mike in a Truck says:

    Everything I’m buying for Christmas is/will be made in America. Its o.k. if the company is foreign owned( Beretta,Sig) but it must be made here by Americans. Takes a little extra work but so what. What goes around comes around.

    Liked by 2 people

  20. EnoughIsEnough says:

    Cyber Monday will send all those cheering against a robust economy into convulsions. A healthy financial America destroys every single talking point of the left. Believing our lying eyes and pocketbooks sinks the Dems, and they would rather we were hit with a recession than a booming economy. Thank you, President Trump, for your “America first” policies, which are benefiting me and my family.

    Like

  21. Hold TRUMP’s Re-Election NOW! I can’t wait for the landslide! 🙂

    Liked by 1 person

  22. Neo says:

    eKAGnomics!!

    Liked by 1 person

  23. HellInAHandbasket says:

    I didn’t spend a dime of what I have
    or use credit for what I don’t have
    on things I want
    or things I don’t really need.
    Because I chose to save more money
    instead of spending more money
    when more money comes rolling-in.
    My inaction will leave me
    free from debt
    free from anxiety
    and free from shoppers remorse.

    #WINNING

    Liked by 1 person

  24. Mark W says:

    Meanwhile in China
    Bank Collapse In China! $40 Trillion Dollar Debt Heading To Economic Collapse & China’s Yuan CRASH
    https://www.investmentwatchblog.com/bank-collapse-in-china-40-trillion-dollar-debt-heading-to-economic-collapse-chinas-yuan-crash/

    Like

  25. 335blues says:

    Weeping, gnashing of teeth and the lamentations of the Marxist democrat party.
    They hide in the walls like the cockroaches they are so they won’t be seen
    cursing the American people out in droves celebrating capitalism
    by having enough money to buy gifts for loved ones.
    They are trying their hardest to drive down President Trump,
    drive down the economy, and drive down America.
    But we won’t let them.

    Like

  26. Lanna says:

    I just heard from my sister who works at Kohl’s. It’s a smaller store in a northern suburb of Denver. She said Thanksgiving and Black Friday were crazy busy, they did over $160,000 in sales the first two hours they were open on Thanksgiving.

    This is a site for made in America products that a Treeper (sorry, don’t remember who) shared a few years ago if anyone’s interested in shopping made in America on Cyber Monday: https://www.madeinamerica.co/pages/thelist

    Like

  27. hocuspocus13 says:

    I 👠 did 👜 my 👗share 💄

    …DID YOU? 🇺🇸

    Like

  28. TreeClimber says:

    As a former retail worker, I can assure you that photo above was not taken on Black Friday.

    Like

  29. Frank says:

    But sundance, I’ve read that there IS a recession starting. It’s apparently going to ruin the “global” markets, which means our betters on Wall Street will have a harder time of it. What’s a greedy, parasitic scumbag to do?!

    Merry Christmas, everybody! HO HO HO!

    Like

    • Scott says:

      You must be reading Drudge;-)

      Like

      • Frank says:

        You don’t have to look at Drudge to know what he’s peddling. You can smell it from here. But whoever’s been paying him to write those headlines in that pile of… website he has is probably going to lose some serious cash in the next couple of years. Then ol’ Matt can go the way of Glenn Beck and Bill Kristol.

        Like

  30. Scott says:

    But Drudge has been telling us all day that sales are down. Silly NeverTrumper!

    Like

  31. dufrst says:

    The US consumer could not ask for a better time to spend. Higher wages, higher asset values (both stocks and housing), lower taxes, low inflation, and continued employment growth (no recession!).

    Trump has been a maestro par excellence with the economy and he’s done this without the biggest trade deal, USMCA, not implemented. When this is implemented, business investment will grow and productivity will begin to increase. Higher productivity will lead to higher profits, which will lead to a higher stock market. The greater wealth effect will further buoy the US consumer and it will be the US consumer that will give Trump even more leverage in his trade negotiations with the EU, UK and everyone else! I think the economy will continue to expand and the stock will continue to set new records. Eventually, all of this wealth and prosperity will be reflected in the overall federal budget and some time in his next term, we will see the annual budgets start to balance out.

    We are witnessing an expansion that this country has not seen perhaps ever (in terms of length). The economy has avoided recession since 2009. I am predicting that we are going to have an economy that will actually expand and do so for the foreseeable future, so long as Trump is at the helm! MAGA!!

    Like

  32. Alleycats says:

    Got out of the insurance biz a couple years ago, now I’m store manager for a chain retailer.
    My sales on Black Friday were nearly 200% above BF last year. Online sales to pick up in-store were clocking in at roughly 50 orders per hour.
    Despite being fully staffed with extra people, my crew could barely keep up.

    Like

  33. Zippy says:

    Hyperbolic title, but the truth is not good for two reasons: brick-and-mortar LOCAL job losses and business lost by brick-and-mortar goes to left wing tech oligarchs.

    The Year Black Friday Died: Brick-And-Mortar Traffic Slides While Online Spending Soars

    https://www.zerohedge.com/markets/year-black-friday-died-brick-and-mortar-traffic-slides-while-online-spending-soars

    New consumer data shows retail traffic at brick-and-mortar stores during Thanksgiving Day and Black Friday was widely unimpressive as the shift towards online shopping is one of the most significant consumer trends of the year, reported AP News.

    Data from Sensormatic Solutions, a global retail analytics firm, indicates shopper visits over the two days declined 3% over the prior year. Traffic rose 2.3% on Thanksgiving Day YoY, but there was an alarming 6.2% plunge in traffic on Black Friday over the year.

    “There is no longer one way to shop on Thanksgiving Day and Black Friday. As omnichannel retail and online shopping continue to grow in popularity, consumers turned to emerging fulfillment solutions, like buy online, pick up in store (BOPIS), this year,” said Brian Field, senior director of global retail consulting for ShopperTrak.

    Like

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