Caroline Hyde

Here is NVIDIA CEO Jensen Wang speaking an hour ago.

From AI deals to holiday shopping deals, consumer spending is showing some resilience, even if discounts this year haven't been as steep as in the past.

So what are we seeing this Cyber Monday and in e-commerce sales more broadly?

Bloomberg's Spencer Soper joins us now.

The stats, please, for this Cyber Monday.

Yes, still very early.

So people who waited a little longer are getting a little bit better deal.

Spencer, I think there's a lot of value for the Bloomberg Tech audience to hear from you, which data sets you're tracking, which platforms we pay most attention to.

And throughout the last few days, if there's any kind of bigger picture consumer behavior trends that you've spotted.

I think even data providers are being a little more cautious because we are getting the data a little more slowly.

This is our first year, our first holiday shopping season with, you know, since the tariffs were announced.

And also we had the big government shutdown.

So there's a lot of mixed signals going in.

There's still pretty rosy projections, things like the NRF and Adobe predicting another record year for the holiday.

But a lot of those predictions were made a little bit earlier and even before the government shutdown was lagging.

Bloomberg's Spencer Soper, thank you very much.

Okay, what's next?

Let's stay on the topic of holiday shopping because despite some of that economic uncertainty Spencer was talking about, disappointment over the size of discounts, US shoppers did open their wallets on Black Friday.

So what does that mean for the month ahead?

Harley Finkelstein, president of global commerce company Shopify is here with some good data, some good insights.