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CNN Live At Daybreak
Countdown to Valentine's Day
Aired February 13, 2003 - 06:44 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: It's time for a little business buzz now. There's only one day left to make all of your Valentine's Day preparation.
Want to go back to Fred Katayama in New York, and you're going to give us some Valentine's Day tips in dollars and cents. I'm excited.
FRED KATAYAMA, CNN FINANCIAL NEWS CORRESPONDENT: That's right. Have you done your shopping, by the way, Carol, for Valentine's?
COSTELLO: No.
KATAYAMA: No, well don't worry, you're not alone.
COSTELLO: I'm going to do it at the airport.
KATAYAMA: OK, that's really last minute. But according to polls, about 30 percent of men buy their gifts on the last day. Now the safe and popular choice is candies and flowers.
Now another place that gets extra business during this holiday season is Victoria's Secret, no surprise there. The company says that gearing it to the day store traffic goes up from about 1,200 visitors to about 1,700 visitors a day.
Now on the whole, the National Retail Federation says men spent $158 last year on Valentine's Day. That is about four times more than a woman will spend. As for the preferred gifts, 60 percent of the people polled say they'd prefer flowers and a night out, 20 percent said jewelry. And if you're thinking about doing something different this year, be ware, according to Match.com, more than half of women surveyed say they'll dump a man who gives them nothing for Valentine's Day.
COSTELLO: Amen, sister.
KATAYAMA: Yes, yes, so you men, you better be listening out there.
COSTELLO: So true.
KATAYAMA: And 14 percent, according to the poll, will dump a man who gives them cash, cold hard cash -- Carol.
COSTELLO: You're kidding, I'd take that, depending on how much it was.
KATAYAMA: You'll take it, huh?
COSTELLO: I mean if it was 10 bucks,...
KATAYAMA: We'll see if your...
COSTELLO: ... it would be...
KATAYAMA: Hopefully your loved one is listening right now, awake,...
COSTELLO: I hope he is.
KATAYAMA: ... up in the morning.
COSTELLO: OK, Fred, we have to take a look at the futures this morning.
KATAYAMA: Well right now the futures are pointing to a flat open, Carol. Stocks sank to a four-month low yesterday. And what's basically on the minds of investors day after day, mounting geo- political tensions, terrorism threats, yesterday we had new terrorism threats and North Korea as well, plus there's that battle over the federal budget. Yesterday the Dow industrials lost 1 percent ending at 7,758 and the Nasdaq fell 1.25 percent -- Carol.
COSTELLO: Thanks a lot, Fred.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired February 13, 2003 - 06:44 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: It's time for a little business buzz now. There's only one day left to make all of your Valentine's Day preparation.
Want to go back to Fred Katayama in New York, and you're going to give us some Valentine's Day tips in dollars and cents. I'm excited.
FRED KATAYAMA, CNN FINANCIAL NEWS CORRESPONDENT: That's right. Have you done your shopping, by the way, Carol, for Valentine's?
COSTELLO: No.
KATAYAMA: No, well don't worry, you're not alone.
COSTELLO: I'm going to do it at the airport.
KATAYAMA: OK, that's really last minute. But according to polls, about 30 percent of men buy their gifts on the last day. Now the safe and popular choice is candies and flowers.
Now another place that gets extra business during this holiday season is Victoria's Secret, no surprise there. The company says that gearing it to the day store traffic goes up from about 1,200 visitors to about 1,700 visitors a day.
Now on the whole, the National Retail Federation says men spent $158 last year on Valentine's Day. That is about four times more than a woman will spend. As for the preferred gifts, 60 percent of the people polled say they'd prefer flowers and a night out, 20 percent said jewelry. And if you're thinking about doing something different this year, be ware, according to Match.com, more than half of women surveyed say they'll dump a man who gives them nothing for Valentine's Day.
COSTELLO: Amen, sister.
KATAYAMA: Yes, yes, so you men, you better be listening out there.
COSTELLO: So true.
KATAYAMA: And 14 percent, according to the poll, will dump a man who gives them cash, cold hard cash -- Carol.
COSTELLO: You're kidding, I'd take that, depending on how much it was.
KATAYAMA: You'll take it, huh?
COSTELLO: I mean if it was 10 bucks,...
KATAYAMA: We'll see if your...
COSTELLO: ... it would be...
KATAYAMA: Hopefully your loved one is listening right now, awake,...
COSTELLO: I hope he is.
KATAYAMA: ... up in the morning.
COSTELLO: OK, Fred, we have to take a look at the futures this morning.
KATAYAMA: Well right now the futures are pointing to a flat open, Carol. Stocks sank to a four-month low yesterday. And what's basically on the minds of investors day after day, mounting geo- political tensions, terrorism threats, yesterday we had new terrorism threats and North Korea as well, plus there's that battle over the federal budget. Yesterday the Dow industrials lost 1 percent ending at 7,758 and the Nasdaq fell 1.25 percent -- Carol.
COSTELLO: Thanks a lot, Fred.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
