karen referenced the relative analysis fedex/ups fedex earnings fell 14%.n ground revenues were up 9% and earnings fell 20% year over year so the consolidated margin difference between ups and fedex is the difference in the multiples of these companies and probably deserved because it seems like this was a lot to fix. on the consolidated margin, if you put the same margin on fedex as ups which is about 13.5%, the eps on fedex which was downgraded to 20 bucks a share at mid point, it goes to 35 bucks a share. this is a company nowhere near as profitable as ups despite the fact you have the tail wind of pricing. there are other dynamics, and international air freight price pg and they announced the increase two days earlier which was a decade high. they are getting these prices which are a major story. right now you are looking at 11 or 12 times at best for fedex. if you could get it to 13 or 14. >> grasso, is fedex a no touch >> no. everything i heard from karen, it seems like a tran siory event. the stock is oversold. i wouldn't go out and buy it tomorrow,

fedex lowering the top and bottom line of its range right now you see fedex shares down about 4%. ups also trading lower both of them under performing on concerns that labor costs are growing while e-commerce is slowing down >> we have to go karen first and foremost what did you make of this quarter? >> it was a little disappointing. frank highlighted what it was. cost and labor shortages and needing to be less efficient by outsourcing. so that's frustrating. but i am sort of surprised it is not like the stock had a super frothy multiple going into this it had traded down for weeks they lowered their guidance a tiny bit more than the amount that they missed by. yet the multiple came in it seems overdone to me, but clearly i have been wrong about this one for a couple months i just think -- one thing i would want to hear on the call and i listened to it after the show they talk about the problems with efficiency and labor and i think they mentioned surcharges for fuel which is a plus and minus. but is that getting better the freight margins were good. all of that having been said,

tonight we are tracking the after hours action of fedex. to kickoff plus, streaming lower, new numbers around disney plus later, uber kicks into overdrive. the stock rallying over

fedex can't execute. i previously owned it, i learned the hard way and i would not touch it with a 10-foot pole >> yeah. ask me how i really feel look, i think there are positives to the quarter and revenues are in line and they did see higher yields and revenue per piece was up 9%. so those are the positives, right? the revenue, the demand is there and it's what we've been talking about. the supply chains are the issues for them and it will be for everyone and it will be for ups, too and they'll not escape this at all the reason i wouldn't buy this here and i am tempted at 12 times forward estimates. i can't -- they can't execute consistently and i have learned the hard way i have earned this stock before, so if i had to choose between the two ups would be it. it's not cheap and i do like the yield that ups gives and i think carol is doing the right thing and the macro is very, very challenging right now and there are other plays in industrials that i would much rather play in >> we'll make that the last

>> what do you think this is nissan fedex is still not working the answer is, well, fedex is trying toeep prices down, so you don't spend $1,000 on a suit. >> i wonder, is powell going to start to give more voice to some of these >> no, he's -- >> every conversation you have, whether it's small or big business, and you must have it, too, my costs are going up, i can't find enough people i'm dealing with supply issues are you raising price? yeah, i'm raising price. >> if you have the solution to the pandemic, a lot of these things melt away some. >> why is portland 65% staffed don't you think that's covid maybe we're seeing a reverberation of the unemployment benefits being cut down that probably will help. we need people jay powell can't create people. >> i was talking to a sushi restaurant owners, he can't get sushi fish. >> why doesn't fedex have more 767s than 777s there used to be a lot of cross-border planes, but no planes are going anywhere. the cargo is on a ship, you know, the more expensive stuff used to be spence -- when you have a plane from shanghai to san francisco, those

fedex has positives and negatives. positives are they made a huge investment into capacity going into the holiday season. some of the downs are ups is getting into the same space. more competition the valuation says there's up side from here except for the revisions for eps have lately been negative, and that means that the expectations are maybe a little ahead of expect taatios and that's a broad market problem. i don't think that goes way. the environment is not going away, though fedex is not expensive, i think it's cheap here, an interesting buy and a lot of volatility in the middle. >> bill, you say the stock is trading at a key level, what is that >> well, right now the fedex stock is actually trading it's moving average, you're seeing the death cross, the 50 day moving average move below the 2 day moving average, and fedex has surrendered the 2018 high. the stock looks kpexhaustive at these levels ups had a surge but wasn't able to hold that, and left another gap down as well and as that chart played out, it's w

you bought more fedex. >> i did >> let's take fedex first. i did so, you know, they report earnings, again ready to report. for me it is a story of two things it is, number one, opportunity and, number two, pricing in the way of opportunity, you know, ecommerce, this revolution is not coming, it is here, right. so we don't want things next week we want things next day and fedex owns that space. they're 51% of their business is the express space versus like a u.p.s. where they play in that domestic parcel delivery fedex really owns the express space. the second thing i like is they bought an ecommerce -- excuse me, a company, a delivery company in india two-thirds of the world's millennials are located in emerging market countries primarily in india and china they have taken the express model over the summer and implemented it in india. these millennials, scott, want things really, really fast and they live in a kind of digital age. i really see opportunities for growth for fedex, so i'm bullish on that. yes, are they having current challenges

coming up, what is wrong with fedex? stock.s down again today everybody is buying everything online we're going to dig in, but first, an important story for all you parents and kids and teens out there. facebook under fire following a report that it knows how much instagram may be harming your kids but will anything or anyone do anything about it? sty you have to hear, next - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> welcome back to "fast money. facebook coming under fire new details eme

fedex ground.fedex ground delivery people are contracted out through individual or private companies, and we don't have anything to do with them. i said, well, they are delivering packages with your name plastered all over the side of it and they are using your tracking numbers, so i would think you guys should be able to do something about this. michael: so michael contacted me. i reached out to fedex and was told in a written statement, " the behavior in the video is unacceptable and inconsistent with the professionalism fedex ground providers demonstrate everyday in safely and securing millions of packages for our customers. we are committed to treating our customers' shipments with the utmost care and will take appropriate steps to investigate. that was what michael wanted, to be heard, and the package cost to be addressed. >> everything in the package was ok. there was a whole about the size of a silver dollar torn through the package. it was a soft envelope package. it was a whole that may ha

he contacted fedex to explain and was asked if it was a fedex ground truck.edex ground delivery people are contracted out through private companies and we do not have anything to do with them. i said they are delivering packages in trucks with your name plastered all over the side of it and they are using your tracking numbers. i would think you should be able to do something about this. michael: michael contacted me and i reached out to fedex and was told in a written statement that the behavior depicted in the video is unacceptable and inconsistent with the professionalism fedex ground service providers demonstrate every day in safely and securely delivering millions of packages to our customers. we are committed to treating our customer shipment with the utmost care and will take the appropriate steps to investigate and address this matter. that was what michael wanted. to be heard at the package tossed to be addressed. michael: everything in the package was ok. there was a whole about the size of a silver dollar tour through the package. there was a hole

i think the thing that's a challenge for fedex, they did so well in 2020, but it's still cheap.n the broad transports than the s&p. so it seems to me that this is a long-term hold >> we'll see what the company delivers after the bell. good to see you both for more trading nation, head to our website, follow us on twitter. back to you. >> thank you zbl >>> after the break, it's a working lunch. jon fortt sitting down with manny medina right after this >>> in determining your entry points with rising stocks, look to buy pullbacks at support levels such as trim line, prior lows, retracement levels or moving averages. >>> our drinks will be arriving very shortly >> they better be. >> welcome back, everybody businesses have relied on technology to stay productive during the pandemic and in many cases, they've had to change the way they find their clients and sell to them so will sales ever go back to normal, the way it was in this edition, jon fortt introduces us to an entrepreneur who has been doing the leg work to learn how businesses will sell during this hybrid time >> manny medi

let's start with fedex why is this stock out of favor >> yeah, so, i think, you know, fedex, for one you've got to realize that it's all about earnings expectations moving forward, right and they haven't been incredibly rosie with regards to what they expect in the future but at the same time, you know, when i think about all the bad things that could happen, when i think about covid and everything else, you know, fedex, i think, is kind of impervious to a lot of that, right you have sitting at home ordering stuff, whether you're at the office or at home, it's become convenient to order things online. and i think fedex is being a part of that distribution chain of getting things through ecommerce to your home i think it makes it, again, a stock to buy i mean, the stock's trading at 12 times next year's earnings. it's a very cheap stock, and i think it'll be around. i think it's a good play >> i should emphasize you're looking for dividends here as well for those kinds of strategies, which normally are attractive in a low rate environment which we're stuck in that's why i want to ask

there is a fear that we are going to see a lot more nike and fedex. kailey: we are going to have to wait and see. customers have borne the brunt of a lot of these input costs. but if you are not seeing the wage inflation that allows consumers to pay more at the counter, there's a question of how much longer, especially for a lot of those consumer companies, how they are able to pass those on. jonathan: will margins hold up? you might have noticed the photos of prince carrie in the cart -- prince harry in the carlisle. that's at tom's favorite bar. tom has a day off, prince harry is in the same bar. you work it out. we are negative at 131%. from new york city, this is bloomberg. ♪ ritika: the influential sister of kim jong-un says her country is willing to really -- renew talks with south korea if certain conditions are met, indicating that they want seoul to persuade the u.s. to relax economic sanctions. the u.s. is investigating the january 6 riding at the capital, there your have been a number connections to president trump including steve bannon, t

body it's a good value here >> karen >> yes, so steve took fedex., but my final keade is ups li them both >> thanks for watching options action's up next ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ >>> hey there, coming to you live from the nasdaq market side in new york. we've got a busy show coming your way here's what's on deck. >> order up. mike ko is licking his chops as this restaurant gets ready to report earnings, just don't fill up on bread sticks plus, the chart master says when the chips are down you buy some more an

facebook shares took a hit after social media giant said apple's privacy changes are hurting and fedexnings don't deliver, shipping giant says labor shortage is driving up costs. my colleagues, thank levinson jack how. then, if you told me monday stocks would and week higher than they were a week ago friday, i could never have believed you've given that we have the fed coming up, all sorts of bad news. somehow they powered north, what was going on there? >> it looked like we were going to have that correction. fear china with a massive china property trust 25%. senate just stopped. one talk to blames it on the fully invested there's investors who don't trust the market for one reason or another but the letters on stocks anyway so they start selling the first sign of trouble and trouble seems to pass and they rush back in. he went up with the market that basically does nothing for a week to make that's a funny line. i think leon said that not too many months ago and got attention for that. let's talk about the fence, powell took the stage and telegraphed caper is coming but they are not

ups following the rough numbers last night on fedex. the pace of growth. obviously delta is still with us, but that seems to be the thing everyone is fixated on >> temporary >> it's about the pacing, not the ultimate destination of growth nike is a good 10% off the early august highs because of these comments about vietnam >> going forward on the dollar which had a strong inter-day move, dollar did gain and getting close to breakout levels >> exactly back up to the top end of the range year-to-date the market leaning toward the fed being slightly hawkish >> and rallied nonetheless so the tapering decision and announcement that does it for us. "fast money" begins right now. >> live in the nasdaq market square, this is "fast money. guy, karen, tim and steve. fedex leaves investors with more questions than answers, but have no fear. breaking down each of these stories.

>> i love fedex. it's linked to e-commerce. all the stuff that you ordered it comes to your house a lot of it comes from fedex. ups is another great name, but fedex trades at a 24% discount on a valuation basis to ups, so whether the earnings are good or not and i do think they will be good, i think fedex is a great position to own. charles: all right, gentlemen, let's leave it there, alan, scott, mike have a fantastic weekend guys joining me next, larry kudlow. i'm going to get his reaction to speaker nancy pelosi. she's over in the uk slamming capitalism saying, well, it has not served our country well. can you believe that? so what could be done to make capitalism better and later democrats eying your 401 (k), folks and your ira, they see it as a big pot of gold, to fund their massive spending. we're going to have details on how your golden years might be sacrificed for the greater good. >> ♪ born in the usa, i was born in the usa ♪ as someone who resembles someone else... i appreciate that liberty mutual knows everyone's un

nothing to like about this now is it carrying over, if you look at kohl's, go back and listen to what fedex said and that will make it its way into retailers without question. >> and last hour and pete and bono was making a point that maybe we should look at this because of how far it has fallen can you wrap your head around that tactic? >> i can and i think pete's point was about using options as a strategy to get some exposure and if, if, i say that a third time, if you are going to start to dabble, it would be an option because that allows you to define your risk i think i'm kind of summarizing what pete's point was. with that said, i really don't think there is much to like. down 20% plus. we speak a lot about the buy fur aks in the technology sector or the growth sector. i think we're seeing that same type of dynamic in the value sector every reopening trade isn't going to do well even after the delta variant, it is gone. there is new norms and we saw it even going into the whole covid crisis those that rely on the same-store sales as defined by foot traffic in physical locations are g

fedex has just been maimed over the last month many companies are having the same problems that fedex is having they were just penalized the worst because they were the first ones to have it. it's at 11 times earnings. they will get their act together and there's tremendous demand. >> i'm glad you mentioned fedex because it's really emblematic of what's going on right now you think a company that would be benefitting more than any and yet is suffering so do you think the suffering is unwarranted, or is it just that they're going to sort things out 2022 maybe we turn a corner here and how much of a readthrough? it's not dissimilar with a company like bed bath. the whole subtheme of the show today is about supply chain problems >> right so they're facing the exact same issues they were just the first ones to face it. we think they have some of the best logistics in the world. they have labor shortages. we think that that is going to be corrected but you're getting it # 11 times earnings we like to look beyond the current disappointment, look at them on the long term. we think you're goi

. >>> speaking of high prices let's take a look at shares of fedex today. since last march in 2020 fedex shares are down nearly 9% right now. you've heard a lot of companies complain about higher shipping costs because the labor shortage is making companies like fedex pay more for their new workers and to require overtime. so instead of benefitting from all of this, fedex is struggling those higher labor costs are weighing on their earnings shares are negative on the year by about 11% rival u.p.s. is positive by about 10%. >>> coming up, shares of robinhood are higher after the company announces crypto wallets. what's it mean for rivals like coinbase and the rest of the crypto ecosystem. >>> and we'll speak with a member of the president's national security advisor recommittee on how to address the global chip shortage as we head to break, here's a look at the dow 30 heat map on a pretty strong day across the board for equities we're back in a moment green bonds give investors an opportunity not just to get a good return, but also to do good with their mone

higher based on higher economic output or accelerating growth, pete given what we heard from nike and fedex over the past couple of days, how are you feeling >> well, it does make you wonder, mel, we're talking about two major, massive companies and giving us some lines, what about supply chains and the other about workers. it does say a lot about what's going on i look at it this way, mel, i think the ten years will likely continue the churn it's been in but i think the real thing will be the velocity of the move. i think it goes higher towards the end of the year. as a matter of fact i continue to see in the etfs, all very, very bullish looking to the upside and going out all the way to december. when i see stuff like that, i think the longer-range tells me ten years going higher how fast it goes, i think that's the very meaningful thing, velocity of that move. if it continues on this churning process, that's going to be very, very helpful for a lot of people other people, if it gets that velocity and starts shooting to the upside, we're going to see a lot more volatility come back in the

low probability of success if you look at those march 3.30 calls, there's only about a 10% chance fedex suggestion is to move those strikes down a little. maybe to the 300 or 310 then sell shorter dated calls against it if you sell the october or november 330s and do it every month, you'll collect more money than you could selling a longer dated january call >> the mastercard chart looks weak to say the least. can the traders recommend a trade to make a bearish bet, please maybe selling some premium if they agree with my technicals. of course, carter, why don't you field this one >> you're right. this is very weak and in fact the options, stock closed at 343 and the october puts, 340s are at. 7.50 i'll leave it to the team to pick the precise and best trade. >> all right mike, you get the honor. pick the best and precise trade. >> yeah. i mean, look, the idea is that you want to, if you're getting long premium, try to choose things at the money or close to it maybe even sometimes in the money a little bit and typically i try to go about one standard deviation out on the short side if i'

fedex will need technology, cap-ex fitting to fill void of lack of drivers. phil, what do you like here? what do you think in terms of specific ideas, sectors where there is better pricing power so that this inflation wave that even the fed admits will go much longer than they anticipated, how investors can ride through? >> i do like believe it or not you hit on one already, energy. -- btu for natural gas. liquified natural gas space with big dividend and upside. that with is un. i like traditional sectors, rotate towards value. i think we get a boost in january. i want you to buy it now because it is cheaper. i like that trade. [inaudible]. i like asia. believe it or not have the opportunity to go into china but on the consumer side. look at revenue of the biggest consumer companies in china. they're double or triple digit revenue growth. those names with a billion people starting to spend only online, have more money than they ever had are getting expensive and opportunity to add diversification and alpha to your portfolio. think about overseas china consum

time to take your tweets our first viewer has a question on fedex he writes i believe the stock willt year with holiday season shipping. i was looking to sell the january 330 call and buy the march 330 call for the cost of about half a share tony, what's your thoughts on the trade? >> yes, so this is inexpensive at half a share, but also means a low probability of success if you look at those march 330 calls that's about a 10 delta that means there's only about a 10% chance that fedex will be above 330 by expiration. my suggestion is to move those strikes down a little. maybe to the 300 or 310 then sell shorter dated calls against it if you sell the october or november 330s and do it every single month, you'll end up collecting more money doing that than you could selling a longer dated january 330 call >> our next viewer asks the mastercard chart looks weak to say the least. can the traders recommend a trade to make a bearish bet, please maybe selling some premium if they agree with my technicals. of course, carter, why don't you field this one >> sure. well, i will address the tech

i have to ask you about fedex. you have strong conviction.e talked about the supply chain issue and they have a lack of drivers. what do you make of it like bed, bath & beyond for similar reasons? >> i knew you were going to bring that up. almost perfect timings to have earnings after we come on but labor is an issue and when i look ad the fedex earnings issue i looked at it more postively than the market clearly. they paid a lot of money in overtime. they couldn't find drivers but revenue growth was really, really strong last quarter. you can fix labor. you can't fix revenue growth. so i'm a still a bull on fedex. charles: i get you, man, demand is there. i agree with you, i think the market probably overreacted. ryan, talk about the work you guys do. what you do at your firm you weave in history with current trend. you've been adamant about seasonal risk of september coming into the month. you were absolutly right. what kind of risk are we looking at seasonally in october? >> that's right, charles, september was rocky like we thought it mig

as an investor, which one do you like >> i like fedex of those three, without a doubt.ordash actually face that gig worker issue. and the margins are extraordinarily thin uber was losing money on every single piece of volume and doordash isn't exactly swimming in margins either and so the regulation on gig workers is important and the evaluation does not reflect that risk. >> steve >> yeah. i think it's just amazing how close in market cap doordash and uber are all of a sudden if you remember for the last decade, the whole story around uber is it's going to be the amazon of logistics. and it turns outdoor dash could just swoop in and become as big as it is that's pretty impressive and it's not a good look for uber, to be honest >> don't sleep on amazon because it itself has huge last-mile capacities here. and we know that they're never one to stand by and let a market opportunity pass before we go - >> and they're just adding more cities to amazon same-day too. >> exactly they're all going to be becoming head to head all right. finally, the e.u. is proposing some legisl

about to start pouring outside and his points are well taken about what we've heard from nike and fedex. jeremy segal, the noted professor and for the most part bull in the markets is i think the road looks clear ahead for a month or two because the fed will continue with its program we do have a market up 10% before another 10% drop. i see problems in early 2022 with the market contending with the fed, but he implies that between now and then you could have a nice move do you agree >> yeah. so i haven't been as busy as weiss, but what i will say which was super interesting this week and we're all talking about the tape and the evergrande story and it is down 1.7 at the end of the day which was quickly bought we saw the fed commentary from powell that was slightly more hawkish, and i think the market just understands that accommodative policy will continue it's really hard to fight th fed in this market and there really isn't any other alternative. so i can see in the short run for sure and the markets continue to trend higher let's see what the job prints look like in a couple of weeks

the american started the tune that with a full shot advantage, because he was top of the fedex standings going in. but that's now down to just one . he bowed his last 2 holes to keep his nose in front on 17, on the pol. alright, that is all your spot for now. it's back to fully and joe, thank you very much for that. and our research is in australia, have developed a robot to help understand the complex world of warm boss. a warm bought has been deployed in deep burrows to help explore the underground habitat of the animal. it's been tested on the island of tasmania and will help reduce the spread of scabies research is also using warm baths to try out a flea treatment used on down. and cats. more news for you on august 0 after the short break, stay with ah, i witness accounts a historical event from arab israeli conflict and finite witness dissident 1st hand from beginning to end to espionage and the occupied west bank. the jordan government started to destroy the device from a fight for independence in egypt to an infamous hollywood production. and to out there, a world has personal sto

, fedex is trading at almost half the market multiple and it's exposed to e-commerce. know, there was no e-commerce back when the dow jones was first created, but certainly whether delta picks up or not, people like to buy things online and if we have to go back to any sort of a shut down, they certainly will increase those online purchases, so fedex to me represents a huge value, valuation discount. they pay a small dividend. what's funny about their dividends, it's almost the yield of the 10 year treasury so you are getting 10 year treasury yield with i think a really cheap valuation and some potential upside despite what happens to the coronavirus. charles: i like that. speaking of which, phil, the reopen/reflation trade, it's been a good week, casinos, airlines have done well. they keep trading on the range. are they on the cusp of breaking out because i want to get in there when i think they will break out and keep going higher. >> probably another two weeks before i can give you that answer. you are looking at growth stocks on a forward pfl of 50% of where they h

fedex?tion sully has known me for a long time and will tell you that i can be wrong occasionally. this stock was up 17% year-to-date back in may or june, right around there 17% gain it's given most all of it back it's still up a couple percent for the year i'm caveating the fact i could be wrong, but this is a table pounder for me growing earnings at 15%. it's got a peg ratio of less than 1 and it's got a 1.1% dividend it is a reopening trade. it's not going anywhere. it's got a solid balance sheet i like fedex i will buy it new in portfolios where i don't own it >> okay. next up is for jim sam in north carolina asks, i have 25 years to dedicate to the market which one should i dedicate those years to mcdonald's or starbucks? fascinating question >> yeah, sam, i love the idea of a 25-year time horizon that's even too long for me, i'll tell you, but go with it. my answer is starbucks this comes down to an opinion on where consumer tastes are. on the margins, i think starbucks looks a little b

fedex a perfect example from late yesterday. labor issues hurting their results.y more companies will we see that with, whether it is labor or materials or shipping and to what extent can they raise prices? tom: we have any number of topics, you are focused on the future of chairman powell. jonathan: did you hear what senator toomey had to say? i think he's tolerated a politicization of the fed wandering into the social and cultural areas with the fed does not belong. a curious one from the republican senator. a time when we don't know the chairman's future. anticipating something from the administration and the next month or so given that this term expires next year. tom: i'm going to signal a meeting, many months ago at the chicago fed. social policy, how original. jonathan: jim is going to talk about this at 8:00 eastern in about 10 minutes time. chairman powell version 2.0 is very different to chairman powell versus 1.0. what happened through 2018 and the federal reserve was hiking and shut down high-yield market in december? the chairman who came out of that

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look at the earnings reactions nike, fedex suggest we with respect fully prepared for the influences this quarter. >> thank you so much s&p just positive and up for half a percent for the week >>> china intensifying the crack down on crypto calling the activities illegal bitcoin and ether tumbling on the news with coinbase and robinhood. bitcoin down 5.5%. let's bring in bradley tusk who's also an early investor in coinbase but no longer an investor thank you for joining us. >> sure. >> to what level is this crack down clamp down expected bitcoin is not that much down. >> right the actual declean, i was thinking that, too not really that bad. so look. i wasn't expecting china to wake up and say no more crypto but if you follow what china is doing for at least last six months with tech they have been consolidating power and if you think about what crypto is, it is a sovereignless currency meant to supercede and if anyone is afraid of the power and vacuum that could cause is china. >> interestingly, bradley, china is not a perfect example but you have one country like el salvador kind

following a rough week for fedex. we'll talk about shipping demand what she is expecting for the holidays, rates, delays and more. >>> plus two great reads on the consumer after the bell when nike and costco report results all the numbers and analysis when they are released. >>> let's focus on the big stories here bob pisa noi is here meg tirrell and ylan muoy. bob, 600 points or close to it for the dow. >> a rough week for the bulls and the bears. i just want to show you the dow jones industrial average we bottomed on monday late in the afternoon and since then the dow up 1300. half of the rally has occurred before the federal reserve started at 2:00 yesterday. bear that in mind. big question is why are we rallying so much let me show you the key points here give powell credit, he convinced the marks to not conflate tapering with the rate hikes they have confidence in an economic recovery. yes, there's help from washington on a human infrastructure package but it is about the economy. value leads. cy cyclical leads l

look at fedexed today. they're feeling the heat as well. and some of these other companies, ur you're going to be see it's going to start cutting into their bottom line. on the other hand, in august you had weak consumer confidence, so you got -- liz: yeah. and that has got to be, the consumer confidence, and as we look at fedex, by the way, down 8.7%, it's got to be because of the inflation. just for those of you didn't know, fedex had a flurry of price targets as they announced that labor shortages had added more than $400 million to their costs and, therefore, they are looking at an increase in costs, and this is a major issue. this is not a specter of inflation, it's standing right in front of them. teddy, phil, we've got to run because we have a fox business alert. robinhood and amc are playing the heroes in the crypto-sphere. shares of meme mania's favorite trading platform up at the moment right now after the online brokerage announced it will be launching its first user tests of its crypto wallet product next month. robinhood, 8.5%

fedex cannot forget about revenue. amazon, still overweight, not revenue dynamic.e forgetting revenue as part of the story? >> i do not think we are necessarily forgetting revenue because the stock market is still rising along with revenue growth. what i think is happening is we are stirring to see certain stocks in the stock market getting picked away at as a result of margin pressures eroding some revenue growth when it comes to the bottom line. we have a third of s&p 500 companies experiencing some degree of pressure, whether earnings related commodity price related, cost of goods related. those companies have gone through something of a margin squeeze and are experiencing a different reality than the rest of the index, where revenue growth is still rising. tom: this is critical. you have stocks that are perceived as having revenue growth and there is a wall of stocks, hundreds of stocks where the revenue growth is not good enough. what do those companies do? gina: they have to manage their costs. what we have experienced in this recession is anomalous relative

>> yes, it's not like fedex.t was equally disastrous, but i'm still waiting to find out if 65% of the people in the portland hub, well, where are the other 35%? that thing was a puzzle wrapped into an enigma this call, this nike call was meant to tell you it's better than sever, and if we can get the stuff, it will be great. i'm not going there. no, i'm going to question that >> if we blow that out to a much broader aperture, i mean, slow down -- massive slowdown in demand in china would have ramifications for global growth at large. >> yes, absolutely guide down from 8.34 to 8.1. i am not as worried about evergrande -- only for one reason the communist party can decide, you know what? we're going to reeducate the people who screwed up here it's not good. china is definitely slowing, but the hallowed ground that nike has had with the ministry of sport seems frayed the question i have is, are $200 sneakers -- they're worried about estay lauder, fancy makeup. >> iphones >> that's the toughest one of all. i don't kn

you go to march 18, 2020, that's when bret baier a fox news interviewed fred smith, the founder of fedex. this is important because he asked him about the spreading virus. this is right as a lockdowns were beginning. fred smith had a very important perspective on this because wuhan is a very major economic city in china, and as a as a consequence fedex is a very big presence there, 907 employees. so fred smith said we've tested all of our employees in disjuncture four test about it, two a false positive but all of our employees are in good health. this truth would also explain why elon musk was always a skeptic. he had a big operation in china and so he knew from his employees that the virus was spreading but it wasn't something, it wasn't an indiscriminate killer. fred smith and elon musk couldn't lie about these things, as public of his shift report me to information like this. so we knew from the markets that the virus was many things. it was real. it would be foolish to deny its reality but we knew from china that as many things, none of them terribly lethal, because it would have be

say investors appear to be moving to less volatile things like united states treasuries. >>> using fedexhe company announced its increasing shipping rates by nearly 6% for home delivery customers. even a bit more for freight. it'll start next year. you may soon be able to pair your favorite wine or cocktail with the next meal you order from door dash. the company announced plans to expand alcohol delivery. the option will now be available in 20 states including california. customer also have to verify their age by up loading their id into the door dash app. >> and i hear that the nation's rudest drivers being called out. what is this about? >> a new report breaks down where in your state are you most likely to come across dangerous and rude drivers. the report looked at see you station records for infractions like failure to stop or yield, tailgating, and passing where prohibited. in california, drivers in rancho cordova had the rudest behavior. they had the most rude drivers in the nation. what is going on? >> i don't know but making a note not to go there. >> it is not on my list. >> y

and quarterly reports from fedex and nike coming out.he national highway traffic safety investigations investigation for takata air bags, and reuters reports that safety regulators are expected to make a public announcement today. meanwhile solar installers and nurse practitioners are among the fastest growing jobs. this as more countries prioritize reducing carbon admissions and other occupations expected to surge in demand is data scientists as more employees continue to work from home and online. back to you. >> so interesting. thanks so much. good to see you. >>> it's 4:44 right now. coming up next on "today in the bay," we are tracking a red flag warning for some parts of the bay area. kari hall is following the latest. >> yeah, in antioch, it will be windy today, and we will see the trend going upward by late morning. we'll get a look at all our microclimates and the temperatures you can expect coming up. >>> as you drive through oakland, yeah, traffic, but no problem for the nimitz. i will check on the south bay and see if we can

>>el alza será el $0.75 o cinco dólares más en los envíos normales dependiendo de cuan lejos vayan fedexque en una temporada navideña más alta de lo normal también el servicio ha dicho que con tratará 40,000 empleados por la temporada el problema radica en la gran escasez camioneta a nivel nacional >>yo soy agricultor local y trato de que un conductor de camión que venía envió al mercado y me doy cuenta que la empresa de camiones no tiene suficientes conductores porque trabajos más lucrativos con empresas electrónicas que están pagando extra por el mismo servicio, entonces esto es de quien tiene más para comprar el talento disponible >>estos contratiempos están llegando de diferente manera a los bolsillos de los consumidores uno es el alza de hasta un 25% en productos como electrodomésticos comida enlatada pantalones de mezclilla ivette machín, telemundo >>está pensando ir a disney sepa que tiene también oportunidad de comprar boletos en forma adelantada, en disneyland. ppuede evitar las largas colas por $20 el día >>pasamos con guillermo quiroz y las condiciones del tiempo >>buenas tard