CBS Morning News - 2008-12-26

Name: CBS Morning News - 2008-12-26
Uploaded: 2025-07-31
Duration: 1968 s
Channel: malgent
Description: Read a transcript preview of “CBS Morning News - 2008-12-26” from malgent, uploaded on 2025-07-31.

Channel: malgent

Uploaded: 2025-07-31

Duration: PT1968S

Read a transcript preview of “CBS Morning News - 2008-12-26” from malgent, uploaded on 2025-07-31.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:00] Uh we've spiked maybe 40% higher than in

[0:02] past years.

[0:03] >> I realize that I need to hunker down.

[0:05] This might be something I'm going to be

[0:07] doing for a good year plus.

[0:09] >> So what are we going to do with our

[0:10] light rum?

[0:11] >> Maybe the real lesson here is when life

[0:13] leaves you shaken, it may be time to mix

[0:16] it up a bit.

[0:17] >> Alexis Christopherus, CBS News, New

[0:20] York.

[0:21] >> Thanks for joining us this half hour.

[0:23] This is CBS News Up to the Minute.

[0:38] CBS News experience you can trust.

[0:45] To see your favorite CBS shows, go to

[0:47] cbs4.com/cbsvide

[0:49] network. Bargain hunting. Retailers look

[0:53] to post Christmas discounts to save them

[0:55] from the worst holiday shopping season

[0:57] in almost four decades. Christmas

[1:00] Rampage, a house set ablaze after a

[1:03] massacre by a gunman wearing a Santa

[1:06] Claus suit. And sultry singer, dancer,

[1:09] and actress remembering the late Earth

[1:12] Kit.

[1:15] >> This is the CBS Morning News for Friday,

[1:17] December 26th, 2008.

[1:24] Good morning and thanks for joining us.

[1:25] I'm Michelle Gilen. The nation's

[1:27] retailers are hoping today will be one

[1:29] of the busiest shopping days of the

[1:31] year. New figures show that consumers

[1:33] spent as much as 8% less this holiday

[1:36] season than last year. Auto and gasoline

[1:38] sales accounted for much of the decline.

[1:40] Sales of women's clothes fell more than

[1:43] 22%. Electronics and appliances dropped

[1:46] almost 27%. Drew Levenson is in

[1:48] Washington with more. Drew, good

[1:50] morning.

[1:51] >> Well, good morning to you, Michelle.

[1:52] Most retailers got the equivalent of a

[1:54] lump of coal this holiday season sales.

[1:57] Well, they were way off.