i get to be the grinch today but let's start with the good news.we were dealing with last year, that has significantly lessened. you can see all of the cargo containers behind me. those would normally be piled way higher during the height of that snarl but there are a number of dynamics threatening that progress. the first is drought. so drought is causing the lowest water levels in the mississippi river in decades. the vessels actually have gotten stuck in the mud and on sandbars there and the crunch is coming at a crucial time for the transport of crops like corn and soybeans so for context 500 million tons of supply valued at 130 billion in trade are ferried along the mississippi every year, and so shutting that waterway down due to drought could not only delay shipments but sends costs soaring. the second big challenge is labor so we've got west coast dock workers here that have been working without a contract for three months and there's a worry they could strike and that could send cargo to other ports around the united states, that have alre

like, if you're a die-hard christmas lover, you hate the grinch.ke christmas, then yeah, he's extremely [bleep] and you'd smash. everything is subjective. everything. look at that mouth. i personally feel bad for john fetterman, though. because he had a stroke, and because after the debate, dr. oz tried to sell him a supplement that would cure him for $59.99. if you ask me, i don't know why fetterman admitted to having a stroke. this is american politics. he could have done whatever he wanted. he is running for the center of pennsylvania. he could have showed up to the debate like, "sorry for my words everyone, i'm drunk off my ass," the entire state would've been like, "hell yeah, man, same. go phillies! i love this guy!" but the truth is, fetterman's limitations right now are just something voters will have to consider when they make their choice. like, maybe they don't care whether fetterman is capable of debating. maybe voters prefer his policies, or maybe they just want a senator who can block the door the next time it's getting stormed by rio

many people losing their job but that's what the fed wants to see is the fed a bunch of heartless grinches nah, jay is trying to do his job and do it right. and he's winning and by the way, when this is over, everybody who made fun of him during this period is going to get a very nasty letter from me the bottom line thshl, this mars trading like we'll see real signs the fed is winning and war on inflation and can ease up on the rate hikes going forward and with the bear turning 1-year-old this month, i wouldn't be surprised at all if the market got it exactly right i want to go to david in connecticut, david >> caller: hey, jim. i am a long-time fan and i'm also a club member and i'm also -- >> yes -- >> caller: so i'm very, very j jealous the phillies made it. >> jealousy doesn't become you i don't like that. david, one day we'll go to a game together and have a dynamite time. what's happening >> caller: absolutely. we're focused on companies that make things and make profits and i'm on board with that i do still have a small position in upstart holdings. i've been selling it into strengt

. ™ liz: overstuffed retailers may be the one to play the grinch this holiday season for freight if companies least according to this "wall street journal" headline which says truckers expect softer holiday shipping on waning retailer demand. and yet trucking logistics company k -- xpo just reported net income from continuing operations of $131 million for the third quarter. but compare that with just 21 million for the same period in 2021. shares up just under 2% right now as the company officially spins off it high-tech truck brokerage business, rxo, that'll be tomorrow. but joining me now, brad jacobs, outgoing ceo of xpo. you'll still be the executive chairman, right? >> i will. liz: yeah, but all of the day-to-day -- >> i don't consider that nonsense. i like the day-to-day. now it's time to do it somewhere else. liz: by the way, you are a serial entrepreneur. how many companies is have you started? >> i've started five companies from scratch. each one became a billion or multibillion enterprise. liz: okay, i immediate to drink whatever water you're drinking. that's amazing. is the journa

political process described in the 1990's, it's a political tool being used by people like newt din grinch to make it look like, oh, the democrats are enemies and extension threat while at the same time he's having the back room negotiations with bill clinton. and if you wanted to apply a causal explanation to the democrats moving to the right, the i go abouter story i'm telling, you could say the democrats are moving to the right and the republicans have to move further right in order to heighten the contradictions between the two. i would say that's part of the process at play and you see this especially around immigration. proposition 187 was not just about republicans. democrats opposed it, but supported pretty much everything up to proposition 187 and janet reno is expanding border patrol in san diego at the time and diane feinstein saying nasty things about immigrants at the time. and this is this right ward shift in politics in the culture more broadly, what you see on the right is a much broader swing and a different kind of right than you had seen in an earlier era. >> thank you.

showing inflation is starting to take its toll will rising prices relate to holiday spending playing grinch for the retailers. the names that should do well, have been in a downturn. we begin today with the markets. today is another roller coaster day on the markets the story really being driven by the move we've seen in the ten-year treasury yield. that's when we hit the lows of the session. for the s&p 500 right now, we're just about 13 points off the low. 36.08 is our level right now down by 1.7% the nasdaq is down 2.2%. for more on all of this, let's get to mike stantoli live at the new york stock exchange. >> we're down a little less than a week seems like not much is going on. obviously, we know that's really not been the case. this week, we did see a plunge to a new beamarket low in the s&p 500. yesterday morning, 3,500, halfway between the march 2020 covid low and the all-time peak. that seemed to be of some kind of significance, and now i think right now what's going is the search for clues as to whether in fact there's anything consequential about that rebound we got yesterday, we

we've all been through so much but having said that there's a little concern that the grinch might stealng called a recession. reporter: i think the retailers are clearly worried and some of these recent actions kind of reek of desperation. target'sad this week talks about black friday deals this week and why are they doing this? they had a really tough first half of the year. there are mounds of unsold inventory sitting in their back rooms. they are worried about the weakening consumer and impact of inflation as you mentioned and we have this giant election at the most inopportune time for retailers. it's obviously very important if they are focused and kind of go bananas on the election both before and after, right in the middle of the shopping season, so they kind of think maybe we can get people to shop now, and we'll have it in the bag before christmas but history says that might be a good move for the retailer who goes first so they all try to go first but really it just sloshes the pool around and it doesn't increase overall sales during the shopping season. you don't buy, you kno

i mean, they're not grinch >> it does remind me of what blankfein tweeted over the weekend. everybody on the market is negative positives may be lurking, though >> i've always been a fan of lloyd. and lloyd, let's get a porter house soon he watches >> sure, he watches. why wouldn't he watch? he's retired he's sitting home trading all day. that's what he does. >> is that what he does? >> yeah, that's what he does >> oh, dave from the eagles, he wore a very funny wig. >> i'm looking through my notes here because i try and keep them demand destruction that's coming, it's not being -- it's being appropriately valued by the market at this point destruction from rates the lack of wage increases you know, pricing power is going to go away i mean, all these things, and earnings and guidance, therefore, have not yet been hit the way they should. 23 is going to be terrible these are just some of the notes from some of the people you're describing >> i know. >> they make a very strong argument at the same time, given the arguments being made so often, you do tend to wonder. >> i was at