Director of the National Economic Council Kevin Hassett Joes ‘Fox & Friendey Weekend’ Discussing Black Friday despite the country’s concern that there are things for the Trump administration.
There is no war on Christmas this year, according to one of Donald Trump’s top economic advisers, who are putting out strong consumer spending during the big holiday season.
“The truth is that we just had the Blackest Friday we’ve ever seen. And it’s not just because people are there to take out loans under President Trump,” because finance director Kevin Hassett said on “Fox & Friends” on Sunday.
“[Incomes] down about $3,000 a person – $6,000 a family – under Joe Biden, and it’s up [$1,500] person so far this year. And with all the extra money and the closed government, “he said,” People feel free to go back to the shops, that we see Thanksgiving and Christmas. “
Cyber Monday’s best deals buy now: Up to 70% off apple tech, Levi’s denim and more
Hassett was responding to the article internally The Atlantic Explained “Donald Trump’s War on Christmas,” shifted the responsibility to the President and his policies – reporting that the average family is expected to spend $ 132 more this year due to taxes, rent, mortgage payments, car payments and services.
A person carries shopping bags during a dark Friday shopping trip at Garden Stambu Plaza on November 28, 2025, in Paramus, New Jersey. (Eduardo Munoz Alvarez/Getty Images/Getty Images)
“Holiday shoppers may not know things are a little merrier and brighter,” The Atlantic wrote Thursday.
Last Friday last week generated $ 11.8 billion in online sales – up 9.1% for the year to set a new record for two days to set a new record for days – and another $ 6.4 billion on Thanksgiving Day, analytics ancobrated Pres.
Cyber Monday is expected to generate more spending – up 6.3% from last year to reach $ 14.2 billion online – Adobe predicts and emphasizes how much consumers are willing to spend this holiday season.
JLL Reast Reavisory President Naveen Jaggi joins ‘Morning with Maria’ to discuss a survey showing consumers are spending more time in the post-government shutdown slump.
Meanwhile, a 2025 holiday survey from Deloitte found that 82% of consumers planned to go shopping between Thanksgiving and cyber Monday last year – although the median average – or median average was $622.
“I think all retailers expect that online and retail sales will be the highest we’ve ever seen,” Hassett emphasized. “And the point is that that’s happening despite the decline in prices, the decline under President Trump.”
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National Economic Council Director Kevin Hassett breaks down the economy, the rate cut and more on ‘Kudlow. ‘
“It was 5, 10% below the bid, and now it’s running at about 2.5%. And it’s way lower than wage growth, right?
The president seemed to celebrate the “Trump Bump” hitting Black Friday-Cyber Monday, taking social reality overnight Submitting a news article With the headline, “Black Friday Rises as 2025 is poised to be the first round dollar season.”
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