pepsico is going to be terrific.. the airline numbers but i don't think the gross margins will be that good. >> hotels. they were talking about how inflationary prices were really high maybe they have pricing power. >> there's no relief here. they can take the market up. it's not -- it would be stupid i think. there's just nothing good here it's a shame. >> thank you >> i thought there would be something good here. >> yeah, i know. it was a disappointing ppi >> bad number. >> we will see you in just a few minutes. "squk x"ilbeig bk.awbo wl rhtac with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪ ♪ ♪ ♪ ♪ ♪ introducing ihg one rewards. seventeen hotel brands. six thousand global destinations. one loyalty program that lets you guest how you guest. it seems like things are falling apart lately. the economy. the market... everything. but upwork

finally, let's talk pepsico. yet another up 3% today like i predicted. these top down geniuses never look at individual companies or what they have to say. in their eyes companies are too small to matter. they think reading a conference call is so totally beneath them, makes them feel like not intern at goldman sachs right down the block 40 years ago but if you listened to the pepsi call here's what you'd know. right now we're at the inflection point where raw commodities are peaking, every single one of them pepsico went on and on saying they can't take advantage of lower raw costs because they're locked into prices from nine months ago but those lock-ins are almost over soon they'll all come down the commodity inflation headwinds are becoming tail winds. so we're going to get? real big earnings numbers down the road you don't need a weather man to tell which way the wind blows. but you do want to get ahead of the change of direction. today was a down the road day. we accepted there would always be a group of people who look through the bear -- they loo

also in focus today earnings from pepsico with investors listening for comments on supply chain issues and consumer demand. workers at an amazon warehouse in southern california have filed a petition with the national labor relations board to form a union. it would be the first time amazon employees in california have held a union vote. workers are seeking to be represented by the amazon labor union, the group which organized a facility in staten island earlier this year. workers in albany, new york, will begin voting on whether to join that union. twitter is reviewing policies around permanently banning users that would potentially bring content moderation more in line with elon musk's vision for the platform whether or not he buys the company. "the financial times" reports twitter has been considering other tools that could replace a ban for violating rules which is spreading misinformation. removing a ban for inciting violence is not considered so it's likely trump's lifetime ban will be lifted. >>> an explosion melts cars in san francisco. take a look. the surprising source causing

ashley: pepsico on december 1st, production of these futuristic battery-powered semis were slated to 2019 but the timeline is pushed back because we are told of a shortage of parts. pepsico reserved 100 tesla trucks in 2017 for beverages for manufacturing and distribution centers and retailers. the truck expected to pass $180,000 qualifying for a tax break of 40,000 under a program approved by the senate. they have arranged 500 miles but where will they find the chargers? the tesla semi chargers, reaching 70% in 30 minutes but bear this in mind, the average mileage for an 18 wheeler is 2,000 one hundred miles one miles and they can fill up in 5 to 10 minutes so it may take some persuading for the everyday trucker to jump on board electric semi. stuart: all right, let's get back to the market. we do this every day. a sense of the market, but all 30 dow stocks are doing, 27 on down, the dow is below 30,000, twenty nine-four. don't go anywhere, friday feedback is next. ♪ ♪ another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in glo

>> this is tough as pepsico is one of my all-time favorites. it did hidden all-time high and the market is overbought. there is no reason to buy the stock of pepsico and that from somebody who likes it very much. let's go to jacob. >> what's going on? >> i was going to ask you about this stock that doesn't look too good but i am bearish on it. it is closure to e-commerce and emerging markets but i am not sure how the election will come. i'm looking to take a chunk out of the market cap. >> i don't like the way politics are shaping up in latin america. they seem to have gone back to the days where the middle class gets in trouble. the upper class, no, but the middle class so i think, let's stay concerned and stay away. now let's go to todd in florid . >> and they just increase their dividend but the stock price is down and i wonder what your take is on that? >> i was looking at that today. i think the crown castle is a good stock. and tech has been overgrown and nobody wants to go near these things right now but remember the three words that def

you do get pepsico a microbreak and pepsico's really well run. >> we'll get to it later, of course, butt is a beat they raised the guide. they see organic up 12 they were prior 10 some of these frito-lay north america, organic up 20, volume down 2 it's all price now >> they did have a little bit better convenience but here's the bullish case, and david, i think that this bullish case is not what you want to hear. >> okay, tell me >> the -- they had a lock-in on a lot of prices that go into, say, a bag of fritos and you know, they anticipate and buy nine months ahead. so, if plastic was bad nine months ago, it's still bad >> right >> but it's about to roll over so next year at this time, they're going to have lower prices >> do you think they're going to lower price? no, why would they it's been sticking they raised prices, what, 17%, as much as or i mean, certainly, we've seen margin improvement the organic growth at pepsi versus what they expected coming into the year has been doubled >> they have gatorade. numbers are really terrific. frito-lay, numbers are little terrific they raised

pepsico has the ability to pass through price increases to customers with little effect on overall volumea company like pepsico with the great brands they have across the beverage portfolio, with pepsi and mountain dew, and so forth, the sports drinks with gatorade, tropicana, and then on the snacks side of frito-lay and quaker. pepsi has been very successful at passing through price increases with little overall impact because consumers are not willing to trade down to a lower priced brand or private label. there's just something about the brand that is pretty recession-proof. jon: thank you very much. garrett nelson of cfra. we will watch coca-cola's numbers getting a nice lift today as well. coming up, watching shares moving the other direction. a huge deal announcing a partnership with renewables. this is bloomberg. ♪ jon: this is bloomberg markets. time for today's "for what it's worth." our number today is $8 billion. that is pretty close to the value of westinghouse electric, which is being acquired in partnership with brookfield renewable partners. it is easily one of the biggest

reports tomorrow we will find out whether people are buying into the thesis of slowdown pepsico hascosts that have actually come down the stock has come down a great deal plastic has come down. aluminum has come down they sell water basically. >> got to wait for margins to do the same >> it should happen eventually >> they have to bring the jack and coch into america. >> into what >> you know, they have a jack and coch can where they mix the two. >> i don't drink jack or coch. >> it doesn't really matter. there are a lot of americans >> i know there are americans. >> they are testing it they did that with topo chico. that's a seller is >> you are saying they haven't brought it to your market. >> you got it. >> sometimes it takes a while. >> american q3 revenue up 13 from the third quarter of 19 no real color on q4. >> if no >> and jobi delta. >> up 8.5% flying cars we like to call them they are that mobility sector. a great piece from morgan stanley that i will never really forget saying that the total addressable market for air mobility, which is what we would be talking about here

pepsico disagrees. procter disagrees. talking about maybe 2023 where things that are headwinds go to tailwinds. are you being conservative on that given the fact that others in your industry think that 2023 could be a fulcrum year when it comes to some of these commodities? >> jim, early in 2021 we started to call inflation. we started acting on it sooner than our peers and we've been well served by that we are very sure there will be inflationary pressures into early 2023 for our basket of commodities that we buy, about 2 billion euros, it is not kind of conservatism it's based on the fundamental structural movement of things like agricultural markets. and so we are very sure that we are quite some way from deflationary pressures emerging. >> understood. your categories, the way i read through how unilever works, it's always been a great mystery. i used to get up at 2:30 to listen to the conference call. and i did that because you had so many different divisions, so many different line items, even smaller brands, you tal

our tool game logic should be do j. pepsico, valley exec, dominic's jazz. so he started sniff, costing us started. robadeax ish, peaky. should be tickled midst minutes yaki snares angel oberon. ah, a flyer issued in 1943 by the parish organization corpus at burrell bellini. the news from valencia makes the blood run cold. there's been a massacre opponent, residence, ukrainian gang, so well armed, and their violence goes unpunished. we call on all polish bodies, regardless of their political stands to launch the defense of aline, alon booty lou lou lou with ah, it the reason is menu scarlett and if you speak russian, keep your voice down while out and about we're not about because of the prospect but your home and symbols on display space reach guy so you guys don't talk to strangers. 7 boy noisy gatherings and rallies when she get them in the morning. she's eaten your colleagues and perhaps all your friends think you're guilty because your russian much and i was i was so glad the way that he's being picked up by neutral the wasn't have specific social media

right now they are headwinds this is similar to pepsico people feel they are losing share.t find a country they are losing share the great american companies are delivering pepsico, great american company. j&j. they can sell j&j all they want. i think it is best in show >> so you would rather own some of the defensive staples, consumer products over, say, semis? >> i don't like the semis. look at pepsico. it is 163. it was a 4% grower now 12%. a lot of it is inflation it doesn't matter. they are questioning the incomes. j&j crushed the incomes. the semis -- biden took numbers down bid for the semis biden cut the numbers in half. china was the market >> it's true amd, deutsche cuts numbers again. they were 80 they go to 70. morgan stanley has high conviction down side ideas, logic tech and micron. >> they make a lot of the devices. yeah, i think they're going to miss these are commodity companies. procter and j&j are not commodity companies. they're not. >> there's the opening bell. once again, a fair amount of green. 40 points from 3,800 rubicon software company focused on

pepsico happened yesterday people made money on pepsico, because everyone was so negative, and yet everythinghat goes into a frito, including the fewer -- everything that goes into frito is good. they're all coming down. >> we talk about this. these commodity costs keep coming down. >> i'm presenting opportunity. i think there's opportunity. you know what, david, there's a bull market everywhere >> cpi was 0.4% and services inflation is going nutso >> yeah, well, that's why the fed is doing what it's doing >> right >> what's it supposed to do? jump off a building? >> where's your terminal rate now? when do we get there and how do we stay? >> you sound like these people who come on tv >> fed is now pricing in 4.85 for march. i assume you don't think that's high enough. >> no, definitely not. >> got to be about 5 >> the two-year is going to signal it. the two-year is signaling about 6. it's bad >> six >> yeah. that's the way i look at it from 1990 to 1991 >> there's a one in five chance today of 100 basis points next month. >> why not i trade most of my life. i was trading the 30-year at '78. g

and a tweet elon musk said production had begun and the first delivery will head to pepsico to severirst -- december 1. the launch was delayed many times due to battery ale shortages and focusing on consumer models. coming up rose -- it was an emotional roller coaster, market volatility, and a safe havens will be what we talk about next. this is bloomberg. ♪ >> as we discussed at the top of the show it was a brutal day on wall street after the september jobs report the nasdaq 100 hundred more than 4%, and more than severe -- more severe fed rate hikes priced into the market. chips got crushed after the that -- after they warned of an industrywide slowdown in demand. >> the only chips right now anyone wants right now is potato. this is not good for chipmakers. there are twin pressures, the weekend -- we can consumer demand to pcs, and the restrictions on selling to china means a massive market is off limits. it will cause problems with the hardware companies. they are the ones who are buying the chips, they are not building hardware, apple lowered forecast for some of the models of it

passed 70% of the cost outlays and they were able to raise airfare to keep in line with inflation and pepsicoricing power are able to grow their sales. stuart: you've got it right, good stuff. 26 days to the midterms and wisconsin will hold a rematch debate tonight. hillary vaughan is in milwaukee. what are the top issues? >> reporter: crime is a big issue, violent crime in wisconsin at the highest level the state has seen in 35 years so republican businessman tim michael challenging wisconsin governor tony evers and hampering his opponent over his handling of the kenosha riots, rising crime, nichols promising to be for police with more officers and make sure violent criminals are not getting early parole. governor evers is focused on revenue-sharing making sure local governments have more money and preventing crime in the first place through violence prevention. we went to kenosha and talked to business owners during the kenosha riots and solder businesses destroyed, they told me business is not bounced back ever since, still md shops never opened back up again. >> this was a thriving commun

stuart: tell me about pepsico.n: higher pricing boost 9%, they upped their numbers for the year. less frito-lay snacks and it is up because they were able to beat expectation. stuart: you know how i love cruise lines and tell me what is going on with norwegian, 6%. lauren: ubs says we are seeing an improvement in bookings and i thought prices word dirt cheap to go on a cruise, they say prices are going up and in some cases higher than they were before the pandemic. stuart: thanks. now this. a star wars action figure will sell for at least $50,000 at auction, similar one sold for 6 figures, we will tell you what makes them so rare and that is why they are valuable, dramatic video shows a high-speed chase ends at a crash near the southern border, troopers say the driver was muddling migrants and getting paid thousands for each of them. the border report coming up. view host anna navarro says vice president harris is not getting enough support from her own party. >> he is a brilliant woman who has broken glass ceiling

consumer staples are right behind it and pepsico, results there really fuelling the gain there.ow. delta airlines i think is going to be one to keep an eye on given what we heard from united airlines today all those names are trading higher united, about expanding international routes then the upbeat pre announcement from american airlines yesterday. >> you would think the airlines would be doing really, really well because there is high demand for their product they have push through pricing power. air fares are higher, man. >> for now at least. >> you've kind of got the pepsi phenomenon there thanks for watching "power lunch," everybody. "closing bell" starts right now. >>> more uncertainty on wall street today as stocks search for direction ahead of tomorrow's big inflation report. this is a make or break hour for your money welcome, everyone, to "closing bell." i'm sarah eisen. take a look at where we stand now. up and down, up and down kind of day. there's the dow. the s&p 500 little changed doesn't tell the full picture because you have some groups doing really well today.

one of their semis, the big trucks they are selling to pepsico starting in december the prototype broke down just weeks before they were set to deliver it, don't know why, could be nothing but it makes investors nervous that may be a regular customer driving models but when a company when it is carrying on their goods would not be forgiving of a problem. ibly1 what about carvana, did prices go down? >> they went up to new cars, down 1% in september, carvans amazed down 90%. that is devastating. ibly1 what about jetblue, it is up. >> almost 2% on a down day, that says a lot. go back to the cpi report, annual airfares up 4.3%, fastest case on record, it costs you. ibly1 will we fly? >> you have to to see family for the holidays. ibly1 next case nbc's got 3 questions her own network's reporting on john federman's health issues. >> in small talk before the interview it seemed it was difficult for federman to understand our conversation. >> other journalists with federman said they had a different experience. ibly1 a conflict rate there. kayleigh mcenany takes on in the next hour. -- new yor

tesla ceo elana musk announced pepsico was the first recipient of the company's electric semi on decembertrailer will go 500 miles on a single charge. he says it will be super fun to drive. tesla set out to start production of that vehicle in 2019 but has had to push the date back several times. the price tag in case you're wondering, $180,000 but that is before federal tax credit of $40,000. i know that is a big number, i thought it was low considering that you can buy an electric hammer for $108,000. if you're going to get a big vehicle like a hummer might as well go all the way and get yourself a tesla semitruck. amy: the this is why i worry about your generation. thank you for that and this other development, it is a good time for restaurants who deserve it after what they put up with covid, you have to wear masks, don't wear masks, they are doing fine. waiters, waitresses, the problem is they are not making much money, still tough as a result. they are finding all sorts of creative ways to do it. interesting piece in the new york post that said some are changing their look, trying to

pepsico, even. how much pain do start to see anna corporate america?is a big we are going to talk about quite a bit in the coming days and months. canada's inflation rate comes in harder than expected. , heating up pressures. this is bloomberg -- harder than expected, heating up pressure. this is bloomberg. ♪ quirks -- >> gas prices have come down every day the past week. they are down more than $.27 per gallon wisconsin the past week, 27 cents in oregon, $.16 in oregon, $.17 in indiana. in just the last 10 days. that is progress. but they are not falling fast enough. families are hurting. you have heard me say it before, but i get it. i come from a family where if the price of gasoline went up, we felt it. gas prices squeeze family budgets. at the -- when the price of gas goes up, other expenses are covered. that is why i have been doing everything in my power to reduce gas prices since putin's invasion of ukraine caused the prices to spike and to rally international oil markets. i have focused on how we can protect american families from the spike an

he says he will be there in person to hand the first units over to pepsico. the cyber truck move from a development product. they are starting to build the machinery that will make the cyber truck. these are positive sides he was bullish on demand. this idea that they do believe they will sell every vehicle they build. for me, the keywording was tesla is recession proof and the logic behind that is in a steep downturn and recessionary environment, much of the consumer base globally has or has not decided to buy electric vehicles and they decided they are best positioned to tap what demand is there. annabelle: at the -- paul: ed ludlow and emily graffeo there. let's take a quick look at what is happening at fx markets at the moment. the kiwi and the aussie fairly stable but take a look at the yen, hovering below that 150 mark against the greenback. traders again on the other for the possibility of intervention. not a lot of change either to the british pound against the greenback right now. we are watching very closely what is going on in the u.k. as a number

. >>> tesla's first electric semi trucks are going to pepsico in december. that is according to a tweet last night from elon musk. it comes after years of delays. he unveiled the truck five years ago and said customers would have them by 2019. supply chain issues pushed back production and the deadline. they will use trucks and no word on how many they are getting. >>> $49.9 million. that is how much and 11 carat pink diamond was set at auction in hong kong today. it is called the williamson a pink star. it set a new record at auction for the highest price per carat ever paid for any diamond. >>> i am shepard smith on cnbc. it is the bottom of the hour. time for the top of the news. >>> gas prices rising after the oil cartel moved to cut production. now, lawmakers are looking to retaliate. the options being proposed. >>> one of the largest hospital systems in the country hacked. computers taken off-line and the impact on patient care. first, a sea of red on wall street. the dow closed down within 600 today. s&p plunged 100 points and the biggest loser? the n

>> o for sure there are those companies pepsico a persistent ago had a great quarter on price increases consumers be willing to pay higher prices before they go on strike, necessities, of course, will keep buying you have to, but there is a limit to how much companies can raise prices, as we saw in the car markets, volumes came down, because prices got too high we are get there with other products too. mark: whenever in inflationary environment you want to vef in companies that have strong pricing power have strong margins, that is where you want to be but to kind of go back to todd's question should you invest in different paying stocks where should you go right now i tell i lattering treasures i know not sexy, 300, six month one year two year doesn't sound bad 4.1% one-year treasury not bad place to height assuming you are willing to hold to maturity not bad place toed my out. dagen: you are looking at incredibly deep long-lasting recession, on any part of the economy. that is sensitive to interest rates we have just begun to see ways going on in housing, with the o mortgage rates hit

we've already heard from delta, pepsico.sense of the third quarter earnings reporting season and do you think the cpi today will mimic what we saw yesterday in the ppi? >> i think that part is really, really important because what we saw in the ppi yesterday was actually an uptick in the energy contribution into inflation. so if we look at cpi over the last couple of months, we've seen energy really be the source of the downside surprise but we saw things like services really kicking into high gear. we have to remember this market is a little bit of a coiled spring right now meaning that if cpi comes in even the slightest bit light, we could see the market have a relief rally but we think that really won't change the tone of the fed. it will still be in a tightening situation. it won't change the tone of earnings which is still decelerating but it could provide a little bit of relief. maria: i mean, i'm waiting for this profits recession that we've been talking about. walgreens reported a double beat on earnings per share an

we've got pepsico results due out today.ting into a full swing this week with bank earnings. what to watch -- impact of inflation on costs and consumer demand, we'll keep an eye on hiring plans and impact and stronger dollar, among other things, jon. >> julianna, you had a significant interview with jpmorgan chase president jamie dimon who said that recession he thinks is likely. we heard from the president yesterday trying to downplay that, saying he doesn't think that's a guarantee. and if it does, it will be light. congrats on the interview. but tell us how are all the respective comments being received in the business world? >> jon, well, thanks so much. it was fascinating to see president biden's response to that question put to him yesterday because clearly jpmorgan ceo jamie dimon does see a recession as likely in the next six to nine months in the united states. president biden acknowledged that the u.s. has real problem, but credited legislation pass under this administration with assisting and putting the u.s. in a

pepsico came out with its numbers today and was able to pass on a lot of those costs to consumers.t does a slight recession look like? something that doesn't last too long and doesn't feel much worse than where we are right now. >> john, part of that comment is a political calculation. he doesn't want to concede, yes, we're diving into a recession. >> midterm coming up. >> midterms are a month from now. and recession is about the scariest word in politics or right up there. yeah, this obviously behooves the president to be able to downplay that. we heard from jamie dimon saying, that he does believe a recession is coming. it could be sort of significant, next year -- half a year or so. >> we talked about the possibility of the stock market falling another 20%. the hardest part, who have money in the stock market, they're seeing the market go down, and think to yourself, if the market is supposed to go down and all of these smart people are saying it's going to go down another 20%, i should get out now, with the idea that i'll get back in later. and the problem with that is always s

maria: pepsico, guidance is up.t will be a market mover. >> any company that has pricing power with inflation, pepsi is a great example of that. tech is not a great place to be in a rising interest rate environment with inflation. there's plenty of places that do well in this environment, including consumer staples. maria: jamie dimon says we'll be in recession within six months. he says the stock market will drop 20% from here. >> what i'd have to say for investors like ryan pointed out that the market will bottom ahead of the economy getting better. so if you think march 2009 is when we bottomed. unemployment peaked in april of 2010. so i think there is some carnage and some damage out there that's coming. i think things are holding on by a thread in various markets across the world. the dollar strength is debilitating to a lot of the other economies in the world and the one thing joe biden did say that's correct is we are in a much better situation than most other places and unfortunately that could end up breaki

you know what, let's take it to the 60s if we do have a slowdown, this is the one i really like it pepsicos great travel helps them. i am now thinking all the time if travel is involved, witness aerospace from g.e., witness to hayes. >> atheon. >> there's travel. marriott a lot of companies involved in travel doing very well >> jetblue today was a miss. basically in lied with the guide. >> they were disappointing i was surprised with that. i think delta's quarter was amaze hg u-haulen credible. they just see more planes. >> razm is rate for relative seat mile. >> bryce harper is $40 >> he is worth that money. >> he is mr. razm. >> is that going to be every day now? >> until next tuesday when they lost game 4 on tuesday by wednesday, the tickets will be worthless >> okay. >> can i just say one of the greatest themes of this quarter is really surprising people. people are not buying things macy's, i thought they did well. but they just want to go away. it's my new theory i lived, so i travel >> that's interesting. we're going to talk about u.p.s. in a second. but they reiterate the guidance.

. >> that is a pepsico drink >> they also have a clean hydrogen company >> not against them but they let's get the opening bell here big board, i came kinetic is ate nasdaq and william sonoma as jeffries goes to sell >> and concerns about consumer spending >> i think that was a vicious and unnecessary down great i know a lot of people feel that that is a work from home, that laura alber is not dlufeliverin, but that is wrong. i think that that is an amazing company. and they have a lot of capital and i think that laura alber, here last week, at these prices, david, this is -- >> don't sell. >> not here, no. don't sell william sonoma. you sell west elm, you are selling a company that is very much in tune with what millennials and gen xers want and i don't think that you are early when you are selling when it is cut in half. a lot of the semi condukcornducs still want to be ghut half again, but i think this is a very good company and it is time to think about buying it, not selling it >> and some of the semi s have had hair market caps including nvidia, cut in half. >> president biden

down, and think of procter, their costs are about to go from headwind to tailwind, same thing with pepsico because they ordered goods in the beginning of the year and i think we're going to hear from james quincy a number that says why didn't i buy coca-cola? >> yeah, we will talk more about some of the loosening supply chains, especially in ocean freight. take a look at some of the latest developments as well regarding elon musk and twitter. take a look at the premarket here we'll get to what yields are doing today and the dollar on this expatnsriy. ckn moment fda ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. pst. girl. you can do better. at least with your big-name wireless carrier. be ready for any market with a liquid etf. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! see how easy it is to save hundreds a year on your wireless bill over t-mobile, veri

. >> well, look, we had pepsico last week, and that's just a classic american company they talked aboutdid really well, and i think there's a sense of belief that it's not possible to pick an individual stock and do well. it's just the opposite if you have the right stock that can handle this inflationary period, it's going make you a lot of money, so people should stop giving up and start working and finding things that go higher, because there are stocks that go higher >> you hear jeremy segal talking about that the actual numbers we're looking at aren't necessarily indicative of the true state of things in terms of shelter? >> yes yes. i mean, look, wilson calls for a bounce today look, i have to think that jeremy's been, you know, when things were going bad, jeremy was right there saying things were bad i listen -- his last number of the lowest number of being the future is very, very bullish it's just that we got to get there. and i think to get there is going to require a strong stomach, because if they give up the gains today, joe, you know, it's very dispiriting. >> yeah. you ha

september, a little more than expected that you hear that opening bell just ringing now also new pepsicoorning. they say they beat estimates for both sales and profit. the company says part of the reason is because of shrink flay shin. that's when they reduce the size of their products. but keep the price is the same. we see that a lot don't business news coming up throughout the show, so good morning and welcome back to mornings onto i'm ali rasmus. good morning. i'm dave clark. welcome to wednesday, right in the middle of the week. it's october. 12 and steve paulson. is right here where your forecast and it still feels good outside our studio like fog and low clouds. some people hate this because they wanted warmer. but if you like it, boy, it's great sleeping weather have to turn on the furnace or get an extra blanket because there's a huge fog bank out there and again, it is making a strong push inland, the basis of lifted, so that means the foghorns are blowing here or how sounding because there's a lot of low clouds some fog but more of a low overcast inland temps. i've been reluct