We have seen the bottom of Germany's IFO data, believes Pär Magnusson, senior analyst at Danske Bank. But he tells CNBC's Rebecca Meehan & Maura Fogarty that Europe is not out of the woods yet.
About 38 million Americans are expected to go somewhere this holiday season, and AAA says that's up about 1.4 percent from last year. Robert McAdoo, of Avondale Partners, and NBC's Kristen Dahlgren have the details.