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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why trouble may be ahead for Dollar stores.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:03Here's what we're watching on the street today.
00:05Wall Street took a moment to catch its breath one day after all three major indices closed at record highs.
00:11Airlines traded higher after expectations of a strong holiday travel season from both American and Southwest Airlines.
00:19Looking ahead to Friday, it's all about the monthly employment report.
00:24Turning to other business headlines, the dollar stores were already feeling the heat from inflation, making it harder to sell stuff for, well, a dollar.
00:32Now Trump's tariff threats will make things even harder for the group.
00:36The head of Dollar Tree, which also owns the family dollar franchise, told investors he is, quote, prepared to act on multiple fronts.
00:44Interim CEO Mike Creeden said he's pulling out the company's playbook used the last time Trump hiked tariffs.
00:51Quote, back then the choices were they could change some of the specs of the product, they could negotiate furiously with our suppliers, or they could eliminate the product altogether.
01:01He said all those options are on the table.
01:04Dollar Tree is trying to keep every dollar it can.
01:07At $7.56 billion, third quarter sales were higher than last year.
01:12Meanwhile, competitor Dollar General also saw a rise in quarterly sales to $10.2 billion.
01:18Its CFO didn't mention the Trump tariffs by name, but said it too has levers to pull to stay competitive, citing, quote, private brands and global sourcing opportunities.
01:29Walmart, which is both of their biggest competitors, already warned it will likely pass on any price increases from higher tariffs to the consumer.
01:39That'll do it for your daily briefing from the New York Stock Exchange.
01:43I'm Conway Giddens with The Street.
01:48Thanks for watching.

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