NPR News: 11-29-2024 7AM EST

Summary

NPR News Now: Detailed Summary of the November 29, 2024, Episode

On the November 29, 2024, episode of NPR News Now, host Jeanine Herbst and various NPR correspondents delve into a range of pressing topics, from retail trends during the holiday season to cybersecurity threats, international elections, labor strikes, emerging dining trends, and the current state of the U.S. financial markets. Below is a comprehensive summary of the episode’s key discussions and insights.

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1. Black Friday Ushers in Record-Breaking Holiday Season

Host: Jeanine Herbst
Reporter: Lina Selyuk

The episode opens with a focus on the anticipation surrounding Black Friday, the busiest shopping day for physical stores in the United States. Jeanine Herbst reports that this year is expected to set new spending records. According to the National Retail Federation, retail sales this winter could rise by 3.5% compared to last year, reaching approximately $989 billion.

Lina Selyuk elaborates on the factors driving this increase:

• Inflation Impact: Higher prices are causing consumers to spend more while purchasing fewer items.
• Increased Consumer Spending: A Circana survey indicates that a larger segment of shoppers, particularly wealthier individuals, plan to "splurge this holiday season" (00:44).
• Sales and Discounts: Many shoppers expect to take advantage of sales, especially when budgets are tight. Selyuk notes, "When budgets get squeezed, days known for discounts become a big draw" (00:44).

Retailers are preparing for a surge in shoppers from the long weekend through Monday, anticipating a record-breaking turnout.

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2. Russian Cyberattack Attempts on Washington D.C. Office Building

Host: Jeanine Herbst
Reporter: Jenna McLaughlin

In a concerning development, cyber researchers have uncovered a sophisticated Russian plot aimed at infiltrating a Washington D.C. office building's Wi-Fi network without any physical presence in the United States.

Jenna McLaughlin reports that Stephen Adair, head of the digital forensics company Valexity, shared insights from a 2022 investigation at a cybersecurity conference:

• Methodology: Unlike previous instances where Russian hackers physically accessed locations (e.g., the 2018 attack on the Organization for the Prohibition of Chemical Weapons in the Netherlands), this group stole credentials remotely to break into networks.
• Execution: The hackers accessed a laptop remotely to infiltrate the adjacent Wi-Fi network, successfully stealing sensitive documents related to Ukraine (01:37).

This incident underscores the evolving tactics of cyber adversaries, emphasizing the need for robust cybersecurity measures.

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3. Ireland's Pivotal Parliamentary Election

Host: Jeanine Herbst
Reporter: Firs Fatehmal Kassab

Ireland is at a crucial juncture as 3.8 million voters head to the polls to elect 174 lawmakers to the lower house of parliament. This election will determine whether Ireland continues its current political trajectory or shifts direction amid various socio-economic challenges.

Firs Fatehmal Kassab provides an in-depth look into the election dynamics:

• Economic Concerns: Despite being one of Europe's wealthiest nations, largely due to substantial corporation tax revenues, many Irish citizens are grappling with a severe housing crisis and rising cost of living. Kassab highlights, "Whatever their age or economic background, says that housing and the cost of living is key for them" (02:49).

• Political Landscape: Ireland lacks a significant far-right presence, with the main contenders being Fine Gael and Fianna Fáil, both center-right parties. Voters are weighing these parties based on their ability to address pressing issues like housing affordability and economic stability.

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4. Global Amazon Workers’ Strike During Holiday Season

Host: Jeanine Herbst

In a significant labor movement, Amazon workers worldwide are striking during the holiday shopping weekend—the busiest shopping period of the year. The strike centers on demands for better pay, improved working conditions, and enhanced union rights.

• Scale and Location: Protests are taking place in major markets, including India, the United States, Germany, Japan, and Brazil. In New Delhi, approximately 200 warehouse workers and delivery drivers participated, with some donning masks resembling Amazon founder Jeff Bezos as a form of protest.

• Implications: This global strike highlights growing discontent among gig and warehouse workers regarding labor practices and has the potential to disrupt the holiday retail surge, putting pressure on Amazon to address workers' grievances.

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5. Emerging Dining Trends Forecasted for 2025

Host: Jeanine Herbst
Reporter: Netta Ulaby

Looking ahead to the culinary landscape of 2025, the National Restaurant Association forecasts several notable trends that will shape dining experiences.

Netta Ulaby outlines these trends:

• Shift in Burger Preferences: Smashburgers, characterized by their thin and crispy patties, are being replaced by thicker burgers as per The Infatuation and The Restaurant Review website forecasts.

• Innovative Ingredients:

  • Masa Utilization: Increased use of ground corn (masa) in various dishes.
  • Bagel Innovations: Preference for "rip and dip" bagels over traditional sliced ones that are smeared.

• Flavor Profiles: An inclination towards spicier dishes, incorporating the hottest possible peppers to tantalize taste buds.

• Protein Demand: Both Kroger and Whole Foods anticipate a surge in demand for protein-based products, including organ meats and collagen supplements.

These trends reflect a broader consumer desire for novelty, bold flavors, and health-conscious options in their dining choices.

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6. U.S. Financial Markets Update

Host: Jeanine Herbst

The episode concludes with a brief update on the U.S. financial markets:

• Futures Trading: All three major U.S. indices are trading higher by approximately 0.3%.

• Trading Session: Today features a shortened trading session, with markets set to close at 1 PM Eastern Time.

This positive trajectory in futures indicates a cautiously optimistic outlook among investors as they navigate the holiday season's economic indicators.

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Conclusion

This episode of NPR News Now provides a multifaceted overview of significant current events, offering listeners insightful analyses on consumer behavior during the holiday season, intricate cybersecurity threats, pivotal political elections, global labor movements, future dining trends, and the state of financial markets. By incorporating expert reports and firsthand accounts, NPR ensures that listeners are well-informed on the issues shaping the world today.

Transcript

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[Jeanine Herbst]

News in Washington, I'm Jeanine Herbst. Today is the busiest shopping day for physical stores in the US As Black Friday is expected to launch a record setting spree this holiday season. The national the National Retail Federation predicts retail sales this winter will be up to 3.5% higher than last year at around $989 billion. NPR's Lina Selyuk has more.

[Lina Selyuk]

Some of the higher spending has to do with inflation. Higher prices mean we spend more to buy less. But that's not the whole story. A greater share of people also plan to splurge this holiday season, actually planning to spend more. That's according to a survey by Circana, a market research firm that closely tracks buying trends. But people planning to spend more tend to be wealthier. But also a lot of shoppers say they expect to cash out during the season because they're counting on sales. When budgets get squeezed, days known for discounts become a big draw. Retailers are expecting a record amount of shoppers this long weekend through Monday. Alina Seluk, NPR News.

[Jeanine Herbst]

Cyber researchers uncovered a Russian plot to break into a D.C. office building through the Wi Fi network. NPR's Jenna McLaughlin reports the hackers managed to pull it off from thousands of miles away.

[Jenna McLaughlin]

Russian hackers are known for finding creative ways to break into networks and steal secrets. Now they've taken it one step further. Stephen Adair, the head of digital forensics company Valexity, spoke at a cybersecurity conference in the D.C. area about a 2022 investigation into a Russian hacking group that infiltrated one of his clients networks. In the past, Russian hackers have traveled in person to try and hack into WI FI networks, including in the Netherlands at the Organization for the Prohibition for chemical weapons in 2018. But this time, they managed to steal credentials and break into a laptop without ever visiting Washington. The hackers used the laptop to access the WI FI network at the building next door, where they stole sensitive documents about Ukraine. Jen McLaughlin, NPR News.

[Jeanine Herbst]

Voters in Ireland are heading to the polls today in a parliamentary election that will decide the next government. The country's 3.8 million voters will select 174 lawmakers to sit in the lower house of parliament and decide whether Ireland follows the international trend of ousting incumbents after years of pandemic rising costs and immigration questions, but the economy is the biggest issue and Firs Fatehmal Kassab has more from Dublin.

[Fatehma Al Kasab]

Ireland is a very rich country. It's generated a huge income from corporation taxes. It's actually one of the wealthiest in Europe, but people don't really feel it. It's got one of the worst housing crises in the eu and everyone I've talked to here, whatever their age or economic background, says that housing and the cost of living is key for them.

[Jeanine Herbst]

NPR's Fatehma Al Kasab reporting. Ireland doesn't have a significant far right party, but the two parties vying for control, Fine Gael and Fina Fall, are center right. This is npr. Amazon workers around the world are on strike this holiday shopping weekend, the biggest of the year, over better pay, working conditions and union rights. In India, around 200 warehouse workers and delivery drivers rall in New Delhi, some wore masks of Amazon founder Jeff Bezos. Similar protests are planned in other countries, including the U.S. germany, Japan and Brazil. You may be seeing more hot honey and fermented foods on the table when you go out to eat next year. That prediction comes from the national restaurant association. As NPR's Netta Ulaby reports, it's among the group's forecasting dining trends for 2025.

[Netta Ulaby]

Smashburgers are out. Sorry, Smashburgers, those piles of skinny crispy patties, have been deemed very 2024. They will be replaced by thicker burgers, at least according to the infatuation. The Restaurant Review website also predicts more use of the ground corn staple known as masa and bagels that are ripped and dipped rather than sliced and smeared. Also out torturing taste buds with the hottest possible peppers instead. According to the grocery store chain Kroger, Brinier flavors are in. Both Kroger and Whole Foods anticipate more demand for protein based products such as organ meats and collagen in 2025. Neto Ulebe, NPR News.

[Jeanine Herbst]

U.S. futures contracts are trading higher at this hour. All three major indices are up about 3/10 of a percent. Today is a shortened trading session, though markets close at 1pm Eastern. I'm Jeanine Herbst, NPR News, in Washington. This message comes from NPR sponsor Shopify, the global commerce platform that helps you sell and show up exactly the way you want to customize your online store to your style. Sign up for a $1 per month trial [e-mail] NPR.