joining us now, bernstein vice president and senior analyst david vernon welcome. are the airlines getting ahead of themselves? >> thanks, kelly getting ahead of themselves or pricing through the turbulence i think what the market is starting to look at is the possibility that we are moving from pandemic to entestimonyic if that's right, the resiliency of travel demand means these stocks can start to really work. so the market is looking through near-term disruption to what a better 2023 and 2024 could look like. >> i am reminded by hindenburg's sell call on royal caribbean more debt, fewer travelers wouldn't the same apply to the airlines for a while >> it could in the short-term. but when you are looking a the stock price from 2019 versus today what miss is the everall revaluation of risk assets that happened because of a liquidity that pushed into the system. eb ebitda, whatever it is across every sector is higher it is hard to do that with the larcenies right now because we are not in a position where we are making a ton of money. if we can get there, getting o

vernon, california. hi, kelly. reporter: hi, david.ew vaccine mandates they are threatening to make the supply chain crisis worse. last weekend, canada began preventing unvaccinated truckers from entering the country, tomorrow as you said the u.s. will start doing the same so this is really a double whammy. i want to break down what this means from a labor shortage and cost perspective for americans. we are seeing an 80,000 truck driver shortage in the u.s.. its been a major factor in those empty shelves. the current vaccination rate among u.s. truck drivers is 60% leaving nearly half of the workforce at risk with these mandates specifically at the border roughly 28,000 commercial drivers cross regularly if vaccination rates don't change half of those could be at risk of quitting or changing routes to address this carriers are shelling out money to compete for vaccinated drivers a number of canadian logistics companies are offering incentives from two grand to 10 grand which we think pass on to the consumer, and with the mandate hittin

david has been a leader in patriotic philanthropy giving generously to support icons of american history from the washington monument, monticello, and mount vernon. among many, many others. mr. rubenstein has also provided to the u.s. government long-term loans of his rare copies of the magna carta. that is just amazing to think about that. the declaration of independence, the u.s. constitution, the bill of rights, the emancipation proclamation, the 13th amendment, the first map of the united states, and the book first printed in the country. additionally, david has an and -- has an insightful interview technique, and he has a program on bloomberg television that focuses on leaders and government, business, academia and philanthropy. with that background david will moderate a discussion around bipartisan governor leadership. and so, participating in this will governor phil murphy and coordinated by david rubenstein, our moderator. >> so thank you for inviting me to be here and thank you all for joining us. why don't we ask the basic question about what's so good about bipartisan? the british seem to be doing ok. and they don't have bipartisan. i