. >> sue herera, thank you >>> up next, ups ceo david abney.t's holiday outlook exclusively on "squawk alley. back after a quick break most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ >>> welcome back to "squawk alley. ups expected to deliver close to three-quarter million packages as they gear up for the busiest period of the year joining us about the holiday outlook, david abney thanks for being here today. >> hey, morgan glad to be here this morning >> let's talk about what you are forecasting and how the billions of dollars you have been plowing into network capacity are going to kick in and pay off this holiday season >> we are well prep

abney not usually it consoles me when somebody embraces me and says the grind it does when that happens here the 2 of the mellow meet up and sit on a bench together and ask each other how they are doing that in the fullest and then he can say i had a bad nights i didn't sleep well i miss him so much toast people comfort each other like this and when i know when i come here this time of day i'll meet hama a dozen people who know about each other i said why and that of course. was your love of toilets also consoling simply to enter the silence. perhaps in conversation with the last one in the gray. least perhaps simply to think about the relationship i thought it was or was connected and nothing not. them also gave us rob us i think this place allows full of that and it off is going to sell a chemise the audit allows us just close. germany's muslim population increased significantly in the last century now muslims have their own burial sites oriented towards mecca. the migrant workers who came to this country in the 1960 s. and seventy's often wanted to be buried in their country of origi

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to do anything you know what is funny i think fedex underinvested during this period we had david abneye spent a fortune a lot of people feel fedex is not ready. the problem with fedex is that it made such a big commitment to china. and, if china had not had such a -- had not become pariah, i think fred smith would have spent more but that was his business. he was building up china and building up the hub here, i don't know whether he feels that a bang for the buck was going to happen if you were to open china, the guy was ready. but, geez, 6 million shares, i don't know if we should fault him that much. that's not as big a buyback over a two-year period. >> i couldn't help but thinking the times failed to point out, the stock has been terrible as we know. and that despite their efforts to get their tax rate as low as possible and being a champion of the tax reduction act for corporate america, they really helped them at all all we sat here and done for the last quite some time, up to the last earnings report, is talk about as you said, potentially underinvestment, losing out to u.p.s.,