Record Holiday Spending Will Bring Record Returns and Exchanges

Cheddar gets a look at CuriosityStream's 'Breakthrough: Return of the Wolves.'

Lightspeed, a Canadian-based tech company offering cloud-based solutions for real businesses, has gone public here in the U.S, trading under the ticker LSPD. The company previously debuting on the Toronto Stock Exchange in 2019 with the biggest IPO by Canadian tech company since 2010. Lightspeed Founder & CEO Dax Dasilva discusses his company's plans now that it is trading in both Canada and the U.S.

In our segment, next week on the street we dig into the events that are sure to make the market move next week. The final week of 2019! Illinois is ringing in the new year by legalizing pot. On January 1st, residents that are at least 21 years old will legally be allowed to possess up to 30 grams of marijuana flower, 5 grams of cannabis concentrate and products infused with half a gram of THC. Non residents will be allowed to purchase half of those amounts. stores are planning to open their doors as early as 6am, next Wednesday to manage the anticipated rush. Next week is a big travel week as the holiday season comes to a close. AAA says a record 115.6 million Americans will have traveled between December 21st and Wednesday, January 1st. More than 90 percent will travel by car, the most on record. But AAA doesn't expect many delays from the influx in travelers -- unless you're in big cities like New York or Washington DC. Traffic in those cities will triple next week. there's also a 5% jump in air travel, the biggest year-over-year increase since AAA began tracking this data in 2000. And not everyone was happy with their holiday presents this year.. on January 2nd, national returns day, people are expected to deposit 1.9 million packages according to UPS. That's an increase of 26% from last year. Next Thursday is set to mark the seventh consecutive record national returns day, following growing e-commerce gift purchases. A rise in returns spells out bad news for retailers, costing up to millions of dollars in lost sales.