TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and the true cost of the ’12 Days of Christmas.’
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00:00I'm Conway Ginns reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:05Stocks ended Monday session close to where they began.
00:08New data show Americans are feeling less confident in December.
00:11The Conference Board's Consumer Confidence Index surprisingly dropped for the first time
00:16in three months.
00:17According to the survey, the positive euphoria over an incoming Trump administration is wearing
00:23off.
00:25In other news, on the 12th day of Christmas, true lovers everywhere received a higher bill.
00:32That's right, the items in the holiday favorite, 12 Days of Christmas, are collectively up
00:375.4% in 2024 compared to 2023.
00:41The annual holiday price list is compiled by PNC Bank.
00:44It is based on figures from the government's Consumer Price Index, which, by the way, was
00:49only up 2.7% in November.
00:51Mimicking the real world, prices for services are running hotter than things you can touch.
00:57Thanks to the rising cost of human labor, 10 Lords a Leaping are the most expensive
01:02at $15,579.65 for the group.
01:07The biggest price jump, however, is for the 11 Pipers Piping and 12 Drummers Drumming.
01:13Both are up 15.8% from a year ago.
01:16The next biggest price jump comes from six geese a-laying.
01:20You can blame bird flu for that.
01:22That price tag jumped 15.4%, totaling $900.
01:27Inflation isn't flying away with every bird.
01:29The price for seven swans a-swimming held steady, but it remained the second most expensive
01:35gift on the list.
01:36The swans will set you back $13,125.
01:41Who knew swans were so expensive?
01:43As for the other gifts that didn't see inflation this year, eight milking maids, four calling
01:48birds, two turtle doves, and oh yeah, that partridge is the same price.
01:52But that pear tree is 17.1% more expensive at $350.
01:58According to PNC, the so-called true cost of buying all the gifts in the song totals
02:02more than $209,000 if you bought them in-store and nearly $247,000 online when you throw
02:10in shipping costs.
02:12And that'll do it for your daily briefing from the New York Stock Exchange.
02:15I'm Conway Gittens with the Street.
02:18Thanks for watching.