Retailers Having Extra Inventory Leads to Sales and Promotions for Consumers

Heading into the holiday shopping season big retailers are hoping to offload all the excess inventory from recent months and also balance how much to discount items to move product.  The good thing is that it means more promotions and sales for consumers, but will it be the products that people want?  The main items that will see the deepest discounts are computers, electronics, and toys, many of which are left over from pandemic delays.  Beauty products on the other hand will not be seeing as many discounts. Melissa Repko, retail reporter at CNBC, joins us for what to know as retailers continue to do anything they can to attract customers.

Next, the fall of the crypto exchange FTX has quickly wiped out the value of the company, the billions of dollars that its CEO was worth, and left scores of others without a way to access their money and assets.  FTX has now filed for bankruptcy and the new CEO that has stepped in said that he’s never “seen such a complete failure of corporate controls.”  Some experts have said that it could be possible that people never recover their funds.  For now, it has caused more volatility in the crypto market and caused more values to drop.  Joel Khalili, crypto reporter at Wired, joins us for all the fallout from the FTX collapse.

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