that's what prologis calls them.ould want to bet on the growth of e-commerce and data centers? now that demand has slowed, though, these speculators suddenly find themselves on the ropes. as hamid explained, they don't have the financial wherewithal he says they're so distressed he sees them as bargains because they have no choice but to sell. which brings me to the implication of these reports for the first time in this rate hike cycle i see light at the end of the tunnel just when others see the light of an oncoming train >> all aboard. >> there will be free rent enticement for the customer. in trucking there will be cuts in trucking rates. both very positive these companies are experiencing what s what supposed to happen in the business cycle after the fed tightens 11 times. the trucking companies start getting big orders, which means the trucking suppliers perk up the professional companies that build data centers and e-commerce warehouses see speculators move in to siphon off e-commerce business. meanwhile, they

and for prologis, who are their largest customers? amazon, home depot, fedex.al companies that are not -- that are actually scaling back in warehouse. >> yeah. >> i'm not worried i think that they're good companies. but you know, david, we have to be concerned that maybe we got too worried about a hot economy, and then march turns out to be weaker can you imagine? >> it would be -- it would be interesting, to say the least. i mean, we had the fed chair just two days ago, though, say, you know, right now, the data's not saying anything about a near-term -- need for a near-term cut, so i don't know >> and we -- and we just got philly fed with a blowout number relative to expectations, jim, and prices paid, highest of the year >> yeah, look, that's entirely related to the resurgence of the 76ers. i don't know what else there's nothing else to rave about in philadelphia. >> we are going to take them down we are going to take them down >> david, david, i said blackstone's going to rally, and i think that you guys are hobbled, okay? i'll take that too >> we're what?