Black Friday Sales Soar Despite High Prices & Inflation | EWTN News Nightly

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High prices and inflation woes did not seem to dampen the spirits of early holiday shoppers. Black Friday sales soared to the tune of more than $9 billion in online spending alone, which is an increase of 2.3% over last year according to Adobe Analytics. Cyber Monday also stayed in stride as it was still the biggest online shopping day of the year. Research Fellow for Regional Economics at the Heritage Foundation, EJ Antoni, joins to help us break this down. On one hand, Americans had a very expensive Thanksgiving dinner and were feeling the pinch. On the other hand, we're looking back at a record shopping weekend. Antoni explains what the story is here. Last week, Target reported a 50% profit loss, saying shoplifting was part of the problem. Antoni tells us more about this surge in petty crime and the impact it is having on retailers. We are about a week away from a rail strike deadline. There is talk of Congress intervening, but at this point, no resolution. Antoni discusses what we are facing if worse come to worse and the kind of impact this would have. The research fellow fills us in on what else he is following. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf