revenue did jump 50% versus last quarter this is also the final quarter for president and ceo arnold donald who has been in the role since 2013 and he joins us now arnold, welcome. nice to see you. >> good to see you, sara good afternoon >> good afternoon. are you surprised to see this big jump i know it's a good day in the market, but it was a miss on both lines and it sounds like there's going to be a net loss for q3 >> well, i think it's obvious that our company, our industry, probably most companies are trading on macroeconomic perceptions in the marketplace versus individual operating results. but we were very pleased with our operating results. we doubled revenue as you mentioned, we have 90% of the fleet sailing again now during the quarter we had 69% occupancy a lot of that is because we obviously constrained occupancy because of protocols, et cetera. our carnival cruise line branding is probably the strongest cruise line brand in the world sailing in the third quarter at 110% occupancy. so we're coming back strong and looking for the other brands to be following that lead soon as t

also don't miss our exclusive interview with arnold donald after the earnings news comes out.eo on "closing bell" and get a great read of what's happening with travel demand and whether it's holding up amid all the concerns about the consumer and inflation. >>> i want to hit shares of fedex today because they're lower today. they're up about 14% since announcing that dividend increase new board members and other actions to increase shareholder value earlier this month on the back of activists. we're expecting to get its fourth quarter results after the bell today frank holland is back with another stock that he covers, fedex. what do we expect, frank. >> first and foremost this is the first earnings call for the new ceo so a lot of interest in his commentary and what he's going to spell out as his agenda going forward. the second thing to talk about here is pricing power. they're curious what kind of pricing power fedex still has. one of the areas to watch is express. that's where fedex gets about half of its revenue. revenue per piece hasincreased double digits over the last

they willing to discount tickets and at what cost what is the impact on margins and this is ceo arnold donald'sl he's stepping down in august and investors on the call will focus the balance sheet and upcoming debt maturities andplans to sell off some of the underperforming, and the risk of more debt raises could be in the cards with the onset of a recession and that is why the stock has been punished in recent weeks, but if arnold takes a slightly different tone, dom, on the call saying they've got the liquidity to get through the economic cycle, that would certainly be market moving and cruising, looking at past economic cycles, cruising tends to outperform because it seems like a value option, right it tends to be cheaper and for the cost-conscious traveler, i'd love to see if that helps. >> carnival does attack many parts of the specter >> what do we think? carnival is that a buy? that's a value trap for a few reasons and it's trading at levels that we have not seen in 25 years for the stock and the last couple of years and it's a hamper to their cash flow going forward, if you add the rati

even best buy says the gaming cycle is running to its conclusion be >> by the way, we'll talk to arnold donald ceo, at closing bell. >> without will. interesting. >> did you just notice that? >> no, i just remember the interview where we got his name wrong. >> i don't even remember that. he got a lot of people's names wrong. it was his accent. >> what was his best one log art. >> log art >> who i thought was the person who ran the europe stuff >> all the log arts on the s&p you can get in on the cnbc investing club with jim, of course sign up to find more, cnbc investing club, or point your phone to the qr code on the screen let's see how treasuries are faring this morning in the bond report we saw a big slide in yields this week. that was the talk of wall street a little bit higher today. but look at that, 3.1, almost. we were at 3.49 ten days ago >> six price target cuts and it's up two bucks, that's called derisking. you and i are going to go to lone stars and we'll do brunch >> two-year yield at 30% we'll be right back. (torstein vo) when you really philosophize about it, there's only one