How low can it go?

Speaker 1 You've finally broken loose from work. Three friends, one tea time,

Speaker 1 and then the text. Honey, there's water in the basement.
Not exactly how you pictured your Saturday. That's when you call us, Cincinnati Insurance.

Speaker 1 We always answer the call because real protection means showing up, even when things are in the rough. Cincinnati Insurance, let us make your bad day better.

Speaker 1 Find an agent at cinfin.com.

Speaker 3 This podcast is supported by Odoo. Some say Odoo business management software is like fertilizer for businesses because the simple, efficient software promotes growth.

Speaker 3 Others say Odoo is like a magic beanstalk because it scales with you and is magically affordable.

Speaker 3 And some describe Odo's programs for manufacturing, accounting, and more as building blocks for creating a custom software suite. So Odoo is fertilizer, magic beanstock building blocks for business.

Speaker 3 Odoo, exactly what businesses need. Sign up at odoo.com.
That's odoo.com.

Speaker 4 on the program today we can't not do tariffs sorry we don't make the rules we'll do streaming video and the unemployment rate as well from american public media this is marketplace

Speaker 4 In Los Angeles, I'm Kyle Roosevelt. Tuesday, today the 18th of February.
Good as always to have you along, everybody.

Speaker 4 We begin today with the observation that we are in week five of the second Trump administration, which is to say it is very early days yet.

Speaker 4 But all the same, some familiar economic themes are solidifying, first among them, the ever-present threat of more Trump tariffs.

Speaker 4 We start there because this is one of those weeks where various and sundry Federal Reserve officials get, well, chatty with remarks scheduled from regional Fed presidents and from members of the Board of Governors in Washington.

Speaker 4 And the question they are trying to answer as they steer this economy through the chaos is this. Do tariffs lead to one-time price increases? And so maybe aren't that big a deal?

Speaker 4 Or do they jump-start inflation, broader price increases over time, which, as we all know, is a much bigger deal? Marketplace's Kristen Schwab sorts out the Fed strategy.

Speaker 7 To predict how tariffs might affect inflation, economist Stephanie Kelton at Stony Brook University says we need to know exactly what the tariffs will be.

Speaker 8 It's so tough because we're trying to have a conversation about something where there's just, you know, nobody knows.

Speaker 7 We don't know if all the proposed tariffs will go through or if they'll lead to a trade war and more taxes. So Ken Kuttner, a former Fed staffer, says at first.

Speaker 9 The Fed is going to try to look past that transitory inflation spike that will be created by the tariffs.

Speaker 7 Unless consumers think that price spike is just the beginning.

Speaker 9 People start thinking, well, you know, price of tomatoes went up, everything else is going to start going up. And so we're like returning to an inflationary environment.

Speaker 7 Returning is a key word here. Years of inflation have primed us to think higher tomato prices mean higher prices for cars and clothes.

Speaker 7 And with tariffs, that might appear to be true, since they cover many categories of goods and their prices will rise kind of all at once.

Speaker 7 Randy Krosner, a former governor of the Federal Reserve Board, says a sign workers believe this is inflation is if they ask for raises.

Speaker 10 Typically, the Fed will respond to something that it sees as an ongoing process.

Speaker 10 You know, if wage increases continue to be very high and that adds to a cost of production and that will lead to higher prices down the line.

Speaker 7 It's why, regardless of where the tariffs land, the Fed's messaging will be important. Here's Stephanie Kelton again.

Speaker 8 If the inflation rate starts to move up for whatever reason, the Fed is going to feel compelled to respond in some way.

Speaker 7 With a longer-than-anticipated pause or even a raise to signal to consumers that it is serious about getting inflation down to 2%.

Speaker 7 I'm Kristen Schwab for Marketplace.

Speaker 4 Wall Street, after a three-day weekend, traders were well rested and still apparently unconcerned. We'll have the details when we do the numbers.

Speaker 4 I'm going to throw some data points at you en route to this next story, nice and slow, of course, because they are important.

Speaker 4 Unemployment in these United States was 3.5% in February of 2020. That is heading into the pandemic.
In the post-plague recovery, it got down to 3.4%. That was April 2023, a more than 50-year low.

Speaker 4 And it now sits, unemployment does, at 4%, still historically very low.

Speaker 4 But could it go even lower? 2%, a percent and a half, and wouldn't that be great?

Speaker 4 Maybe.

Speaker 7 But also, maybe not.

Speaker 4 Marketplace's Mitchell Hartman takes it from there.

Speaker 11 So, this question, how low can unemployment in the U.S. go, was prompted by a story I did recently.

Speaker 11 I was explaining why unemployment couldn't keep falling as rapidly in the post-pandemic period as it had before the pandemic, because that would have meant unemployment falling to 1.5%,

Speaker 11 which I said economists will tell you pretty much can't happen. And then I heard from fellow marketplace reporter Stephanie Hughes.

Speaker 2 I know that below 4% is really good, but why can't we get to 1.5%?

Speaker 11 And right off the bat, I found an economist, Julia Pollock at ZipRecruiter, who says it's not unthinkable.

Speaker 14 We know from some states and cities in America that very low unemployment rates are possible. In 2024, South Dakota had an unemployment rate of just 1.9%.

Speaker 11 But at the national level, it's only ever fallen as low as 2.5%

Speaker 11 for two months in 1953.

Speaker 11 One reason it hasn't gone lower, says former Fed economist Claudia Somme, is that certain demographic groups face barriers to full employment, including lack of education and training and discrimination.

Speaker 11 Black unemployment has historically been about twice as high as white unemployment. In South Dakota, unemployment on some Native American reservations is 80% or higher.

Speaker 15 There's mismatches of the skills that workers have and the geographies of where they are.

Speaker 15 And that is the limit on the national unemployment rate, these pockets of structurally much higher unemployment.

Speaker 11 There's another kind of unemployment that keeps the rate well above 1.5%,

Speaker 11 says Betsy Stevenson at the University of Michigan.

Speaker 12 Something that economists call frictional unemployment. The flies in the ointment that prevent workers and jobs from finding each other right away.

Speaker 11 It's the unavoidable churn in good times and bad as workers leave one job to find another or graduate school and start looking. And we actually want some frictional unemployment.

Speaker 11 It's a sign of a healthy labor market, says economist Michael Strain at the American Enterprise Institute.

Speaker 10 Being unemployed for a few weeks and finding the best match you can, you're more productive, you're contributing more to the firm, to the economy, means that you're earning a higher wage.

Speaker 11 Now, we might develop better technology to match workers and employers faster, which could reduce frictional unemployment a bit.

Speaker 11 And that would be a good thing, says Heidi Schearholtz at the Economic Policy Institute.

Speaker 17 When unemployment is low, that's great for workers and the economy.

Speaker 7 But it actually can get too low.

Speaker 11 Economists pretty much agree, anything lower than 2.5% to 3% risks extreme labor shortages developing in the economy.

Speaker 18 Firms who have job openings, they're just basically poaching workers from other companies because there's hardly any unemployed people to hire. That requires big wage increases.

Speaker 18 And then that translates into big price increases.

Speaker 11 In other words, inflation. The Fed would raise interest rates to fight it, driving unemployment back up again.

Speaker 11 And it's not only a hot labor market that can lead to super low unemployment, says Betsy Stevenson.

Speaker 12 A low unemployment rate could be associated with a very stagnant labor market where there are no jobs, so there's no point looking.

Speaker 11 This is her tech-driven nightmare scenario, where AI and robots are able to do the work of most humans cheaper than we can do it ourselves.

Speaker 12 Human wages are pushed so low that maybe people don't even want to work. Maybe they can't even survive while working.

Speaker 11 So, bottom line, unemployment could fall lower than it has in the last 70 years, maybe as low as one and a half percent.

Speaker 11 But if it ever does, we should be very worried that something's seriously wrong with the U.S. economy.
I'm Mitchell Hartman for Marketplace.

Speaker 4 We all know by now that streaming is a business model. For the big highly produced content streamers, Netflix and all the rest, sure, but also for the content creator streamers too.

Speaker 4 YouTube, of course, but also for companies like Twitch. And the reality is, as Twitch demonstrates, that that content creator business model is hard.

Speaker 4 There have been rounds of layoffs and as of yet, no profit for parent company Amazon.

Speaker 4 And for the millions of people who stream on it and either are or aspire to make a living from said streaming, well, that's not easy either.

Speaker 4 Nathan Grayson's new book about the company is called Stream Big: The Triumphs and Turmoils of Twitch and the Stars Behind the Screen. Thanks for coming on the program.

Speaker 16 Thanks for having me on.

Speaker 4 For those unfamiliar,

Speaker 4 what is Twitch, if you can sort of encapsulate it for me?

Speaker 16 Yeah, so Twitch is a live streaming platform that originally was kind of dedicated to video games, to, you know, people playing video games for audiences to watch,

Speaker 16 but has since expanded in all sorts of different directions. So people will

Speaker 16 broadcast themselves out and about in their hometowns or while traveling, doing things of that nature.

Speaker 16 Some people broadcast talking about politics and news.

Speaker 16 It's really for pretty much everything at this point.

Speaker 4 Well, the interesting thing about Twitch to me now, and you get to this later in the book, and I mean it's a totally fascinating story, but what has happened is that a lot of Twitch stars, that top layer, if you will, they're now on multiple platforms.

Speaker 4 And Twitch has sort of given up on exclusivity. And

Speaker 4 the stars realize they have to be on multiple platforms. And Twitch has recognized it.
And it becomes sort of a business model challenge for them now.

Speaker 16 Well, and, you know, a lot of that is a result of just how the social media ecosystem has evolved in general. A lot of people on,

Speaker 16 say, TikTok are also on YouTube, are also on Instagram.

Speaker 16 Kind of everybody now doesn't put all their eggs in one basket because they've learned if you do that, there's always a chance that that platform could shift or change massively, or they could switch up their algorithm or something like that.

Speaker 16 And then suddenly, things that you made that used to perform well no longer find an audience. Aaron Powell,

Speaker 4 I probably should have started with this, but if you were going to describe the content creation ecosystem to somebody who's reasonably online, but

Speaker 4 is not on Twitch, doesn't follow many of those sort of streaming platforms,

Speaker 4 It's huge, and yet it's not like

Speaker 4 in the

Speaker 4 American business mainstream conversation, you know?

Speaker 16 Yeah, let's see. How would I describe it? In terms of appeal, you know, a lot of people follow their favorite content creators in part because these people feel relatable to them.

Speaker 16 And they're like, yeah, this person, they do feel kind of like a friend. But then you kind of expand that out into the larger ecosystem and it becomes becomes almost like reality TV.

Speaker 16 There are all these little people with all these little dramas that you're keeping up with constantly. And then within all of that,

Speaker 16 everybody is kind of a small business owner, right? Right. Where they are effectively, well, not effectively, literally, they are contractors

Speaker 16 under the various major platforms that pay them out, often via ad money and things of that nature. They're all performing what is a job, but it's also a form of entertainment.
Right. Yeah.

Speaker 4 No, look,

Speaker 4 that's really good. And as you were offering that description, an example occurred to me,

Speaker 4 and it's about the consumers of the content. We say on this program all the time: the American consumer is fickle.
We were, my wife and

Speaker 4 the one child who's still living at home with us were introduced by our oldest son to this guy on YouTube who like treks through the Alaskan wilderness, used to be like a traffic attorney in Virginia, and now he just goes out and does stuff like makes snow forts and teaches you how to survive in the Alaskan wilderness.

Speaker 4 And we watched it like pretty steadily for like two weeks, and then we just kind of clicked off. And I imagine that's what consumers of Twitch and all the other platforms do, right?

Speaker 4 They're like, oh, yeah, this is interesting, but then I'm going to go look at this thing over here. And then I'm going to look at this thing over here.

Speaker 4 And that becomes a business challenge for those content creators.

Speaker 16 And it's kind of like the sort of Damoclea is always hanging over their heads is like, if I don't, if I'm not consistent enough, because that's the big thing on Twitch.

Speaker 16 It's just like being there every day, streaming during the same time segment, there's always the thought of if I stop or if I take a sustained break, then everyone will leave.

Speaker 16 They'll find somebody else to either follow or watch or crucially give their money to.

Speaker 16 Because, you know, if you're not around for like a week, a lot of viewers are going to say, okay, well, then why am I paying this person $5 per month?

Speaker 4 Right.

Speaker 4 You know, something you said a minute ago resonates here.

Speaker 4 This is a job for these people, and that's how they make their living, and that's why they keep grinding it out, even though it can be really, you know, you've got examples in this book of people having health problems and all kinds of stuff, but they get up and they do this because it's their job.

Speaker 16 Well, yeah, exactly. But in this case, like, you know, it's a different kind of job.
For one, you are in front of an audience.

Speaker 16 You are this version of your personality that is dialed up to 11, and that takes a lot of energy.

Speaker 16 But a lot of these streamers are doing it for eight to 10 hours per day, or in some cases, even more than that.

Speaker 16 In addition to that, being a streamer or a content creator also means maintaining all sorts of relationships with various people, with various brands and and whatnot that you're doing deals with.

Speaker 16 It is one of those jobs that, you know, if you let it, and it's very easy to let it because the incentive structures are there, it can become all-consuming.

Speaker 16 Some streamers, I remember a couple of years ago, XQC, who's one of the bigger streamers on Twitch and now Kik, talked about buying a car and then was like, yeah, but I never use it because I don't have time.

Speaker 16 I'm always just streaming.

Speaker 6 Wow.

Speaker 4 I was going to ask you just as the ender, I was going to ask you, you know, what happens to Twitch in five or ten years? And I

Speaker 4 well, see, that's kind of an unknowable thing, right? Because this whole ecosystem is changing so fast. No?

Speaker 16 I mean, it's really hard to say what happens to Twitch in five or ten years.

Speaker 16 Because, for example, five years ago, there was a really unprecedented moment for Twitch, which was the pandemic. And in 2020 and 2021, that was kind of like the Twitch boom.

Speaker 16 But all that is to say that it's not just the content creation ecosystem that is unpredictable. It's also the world.

Speaker 16 If, God forbid, there's another pandemic, I think we're going to see a lot more people on Twitch again.

Speaker 16 Short of that, it's hard to say because Amazon wants Twitch to be profitable so much, and because they've, in the past couple of years, laid off over a thousand people from a company that was only like a little bit over 2,000.

Speaker 16 That seems to suggest that the priority is just

Speaker 16 we need to make money. And, you know, if that means that this product suffers or loses relevance, well, that's tough.

Speaker 4 So be it.

Speaker 6 Yeah.

Speaker 16 Yeah.

Speaker 4 Nathan Grayson, his book is called Stream Big: The Triumphs and Turmoils of Twitch and the Stars Behind the Screen. Nathan, thanks a lot.
Appreciate your time.

Speaker 6 Yeah. Thank you.

Speaker 4 Coming up.

Speaker 20 That is

Speaker 20 the

Speaker 20 vehicle that connects them with the outside world.

Speaker 4 Sometimes the key to independence is a set of keys. First, though, let's do the numbers.

Speaker 4 Dow Industrial is up 10 points today, basically unchanged, 44,556 on the blue chips. NASDAQ up 14 points, about a 10th percentile there, 20,041.

Speaker 4 S ⁇ P 514 points to the go to quarter percent, 61, and 29. The National Association of Home Builders says homebuilder confidence is at a five-month low.

Speaker 4 Some of that, of course, uncertainty over the future pricing of imported materials. Where did we start the program today? Tariffs, isn't that right? Yes, yes, yes.

Speaker 4 West Fraser Timber Company grew 8 tenths percent. UFP Industries down 1.6% today.

Speaker 4 Ford Motor Company Reuters reports is withholding stock bonuses from about half its middle managers in an effort to cut costs. Ford accelerated 1.2%.
Bonds down. Yield on the tenure.

Speaker 4 T-Note rose 4.55%. The double nickel.
You're listening to Marketplace.

Speaker 21 Lowe's knows that saving is always top of mind, especially this season.

Speaker 23 That's why we've picked some great deals for early Black Friday.

Speaker 24 Get free select DeWalt, Cobalt, or Craftsman tools when you buy a select battery or combo kit. More tools? Why not?

Speaker 27 Plus, we've got select pre-lit artificial Christmas trees starting at $59.98 because it's never too early to think Christmas.

Speaker 25 Get Black Friday prices without the crowds.

Speaker 19 Flows, we help.

Speaker 22 You save.

Speaker 28 While supplies last, selection varies by location.

Speaker 29 This marketplace podcast is supported by Wealth Enhancement, who ask, do you have a blueprint for your money?

Speaker 2 Wealth Enhancement can help you build the right blueprint for investing, retirement, tax, and more.

Speaker 29 With offices nationwide, there's an advisor who's ready to listen and craft a blueprint for your future.

Speaker 2 Find out more at wealthenhancement.com/slash build.

Speaker 5 This marketplace podcast is supported by Gusto. As a business owner, you know your business inside and out.
Gusto knows payroll, compliance, and benefits just as well.

Speaker 5 Gusto is built for small businesses. It's all-in-one, remote-friendly, and incredibly easy to use.
Pay, hire, onboard, and support your team from anywhere.

Speaker 5 Whether it's automatic payroll tax filing, simple direct deposits, health benefits, commuter benefits, workers' comp, 401k, Gusto makes it simple.

Speaker 5 With no hidden fees and options for nearly every budget, save time with automated tools like offer letters, onboarding, direct deposits, direct access to certified HR experts, and more.

Speaker 5 Try Gusto Today at gusto.com/slash marketplace and get three months free when you run your first payroll. That's three months of free payroll at gusto.com slash marketplace.

Speaker 21 Lowe's knows that saving is always top of mind, especially this season.

Speaker 24 That's why we've picked some great deals for early Black Friday. Get free select DeWalt, Cobalt, or Craftsman tools when you buy a select battery or combo kit.
More tools? Why not?

Speaker 27 Plus, we've got select pre-lit artificial Christmas trees starting at $59.98 because it's never too early to think Christmas.

Speaker 21 Get Black Friday prices without the crowds.

Speaker 19 Lows, we help.

Speaker 22 You save.

Speaker 28 While supplies last, selection varies by location.

Speaker 4 This is Marketplace. I'm Kai Rizdahl.

Speaker 4 Samsung, purveyor of, among other things, TVs and smartphones and laptops, revealed this morning it has bought back and is going to cancel more than $2 billion worth of its shares of stock, going to make them just disappear.

Speaker 4 The upside of canceling shares is that the shares that are still trading are worth more. The definitely not upside of canceling shares is that it can be a bit of a tell of tough corporate times.

Speaker 4 Not for nothing, Samsung's shares off 35% over the past year. Marketplace of Kelly Wells takes it from there.

Speaker 17 Usually when companies buy back their own shares, they hang on to what they buy so they can give them to employees or resell them later when they need a little money.

Speaker 17 Connell Fullenkamp, an economics professor at Duke University, says canceling bought back shares is a bold statement.

Speaker 30 Traditionally, this has been a way for companies to try to signal to the markets, hey, we think our shares are undervalued.

Speaker 17 And canceling shares kind of solves that problem, says Ari Schwader, who teaches economics at the University of Michigan's Business School.

Speaker 31 The overall value of Samsung is still what it was, but the number of shares that exist in the world is less. And so the value per share will go up if the number of shares goes down.

Speaker 17 And investors have a reason to prefer share cancellations to, say, offering a dividend, says Paul Shea, who teaches economics at Bates College.

Speaker 32 You don't pay a dividend tax rate on it. You pay a capital gains tax rate, which is lower for most people.

Speaker 17 But Shay says the billions of dollars that Samsung spent to buy the shares it's canceling is billions it did not spend on acquiring other companies or building new plants so that could be a negative signal but it could also just be that this is not a time where there's great opportunity for expansion shea says the cancellations would make him more nervous for a younger company that's never turned a profit.

Speaker 17 With an older, more stable company like Samsung, he says there's nothing wrong with returning money to shareholders this way. I'm Kaylee Wells for Marketplace.

Speaker 4 The Trump White House has, among its other immigration-related policies, stopped the U.S. Refugee Resettlement Program and frozen funding for refugee processing and services.

Speaker 4 The caveat here, of course, is that by the time you hear this, the courts might have intervened on one side or the other.

Speaker 4 But the disruption of the refugee ecosystem that's happened just so far has already started to hit the organizations that provide those services.

Speaker 4 Layoffs have started in cities like Baltimore and Phoenix and Houston, a hub for refugee resettlement.

Speaker 4 Houston is also where Marketplace's Elizabeth Troval spent some time with the program, teaching a critical skill for anybody living and working there.

Speaker 1 In Afghanistan, women are not supposed to drive, especially under the Taliban. But Shaquila Hotak isn't in Kabul anymore.
This is Houston.

Speaker 1 We sit in her red Toyota. She turns on one of her favorite songs she plays on her way to work.

Speaker 1 This is your driving song?

Speaker 1 Hotak came to the U.S. as a refugee two years ago.
She supports herself through her factory job that pays $11 an hour.

Speaker 1 Through a DARI interpreter on speakerphone, she says before getting her driver's license and car.

Speaker 1 Her commute by bus was roughly two hours each direction. Now it's around 35 minutes, and she has the freedom and time to do other things.

Speaker 1 I'm leaving my home and I'm going to work, and also I go to hospital and I'm drinking a cup of coffee, or like I drink tea, so I go to chat with my friends.

Speaker 1 Getting a driver's license is a must for refugees and immigrants.

Speaker 1 That's why YMCA International Services in Houston has helped these drivers learn the rules of the road for free and in their native language.

Speaker 34 Buenos dias nodos, how are you doing?

Speaker 1 In a recent class, Innocent Tuyerin Jade leads orientation for the Driver's Ed program.

Speaker 34 We are going to learn how to the process of obtaining driver's license.

Speaker 1 This class was just a few weeks ago. The program started in 2021 and it's helped around 550 people.

Speaker 34 First question is: why do you feel like you need driver's license?

Speaker 1 The response is it's necessary, especially for work, which is why Tuyerin Jade is here to teach them about things like insurance and car seats seats for kids.

Speaker 1 Joanne Pantaleon supervised the program and says her clients were hired for new jobs and kept their jobs after getting their license through this program, which was especially popular among women.

Speaker 35 You empower women by allowing them to get out of the home and doing things for themselves and not depending on their husband to do day-to-day activities.

Speaker 1 In particular, she says she's happy so many Afghan women signed up.

Speaker 35 Culturally, the women from the Afghan community stay at home. The fact that 100 Afghan women came to us, learned how to drive, tells me that they're on the path to integration.

Speaker 1 At Farnaz Azimi's house in West Houston, we sit cross-legged in her living room on a red carpet. Cartoons are playing for her youngest.
Her son Hafiz interprets Dari for us.

Speaker 36 He said that she's at home in all three years that she's in here.

Speaker 1 While her husband works and kids go to school, she got her driver's license to run everything by herself.

Speaker 1 To buy groceries, go to the gym, and maybe one day get a job. She's one step closer with her new Texas driver's license.

Speaker 1 She goes to her purse to show it to me and smiles. How did you feel when you got the driver's license?

Speaker 36 She was so happy.

Speaker 1 Azimi already has her license, but there won't be new students anytime soon. YMCA just suspended the program and furloughed employees because of the pause on refugee resettlement.

Speaker 1 YMCA wouldn't comment further, so I talked with Zenobia Lai, who heads the Houston Immigration Legal Services Collaborative.

Speaker 1 She says resettlement programs and classes don't just give people the chance to flee violence.

Speaker 20 That is

Speaker 20 the

Speaker 20 vehicle that connects them with the outside world to independence. The refugee resettlement program is actually a beacon of hope about America, what America is.

Speaker 20 We are losing a lot by cutting the program.

Speaker 1 Without a change in policy, it's likely that program cuts and layoffs will continue. In Houston, I'm Elizabeth Troval for Marketplace.

Speaker 4 This final note on the way out today, which comes with the hope that you got your chocolate fix on Valentine's Day, both Mondelez and Hershey's said today at a conference in New York that high and rising cocoa prices mean consumers are going to be paying more to satisfy their sweet tooth.

Speaker 4 Here is the quote from the Mondelez CEO: Consumers will need to get used to chocolate that is 30, 40, 50 percent more expensive than it used to be.

Speaker 4 Our digital and on-demand team includes Carrie Barber, Jordan Mangi, Dylan Mietenen, Janet Wynne, Olga Oxman, Ellen Rolfis, Virginia K. Smith, and Tony Wagner.

Speaker 4 Francesca Levy is the executive director of Digital and On-Demand, and I'm Kai Risdahl. We will see you tomorrow, everybody.

Speaker 4 This is APM.

Speaker 21 Lowe's knows that saving is always top of mind, especially this season.

Speaker 24 That's why we've picked some great deals for early Black Friday.

Speaker 19 Get free select DeWalt, Cobalt, or Craftsman tools when you buy a select battery battery or combo kit.

Speaker 24 More tools? Why not?

Speaker 27 Plus, we've got select pre-lit artificial Christmas trees starting at $59.98 because it's never too early to think Christmas.

Speaker 25 Get Black Friday prices without the crowds.

Speaker 19 Lows, we help.

Speaker 22 You save.

Speaker 28 While supplies last, selection varies by location.