we want to welcome rick morgan. he counsels employers on labor law issues. i would assume that you and a lot of your peers out there have to be relatively busy these days, when you see the uptick in union activity or union lobbying for more union activity here, do you see this as a trend that is persistent or something that is maybe a little bit more passing? >> i think it will be more persistent. you go back to josh's comments. we have an administration that is in right now as the president has said i want good union jobs, not necessarily good jobs but good union jobs. he has appointed a number of individuals who are supportive of his view about how the national net -- national labor relations act should be used in the context of union employer and employee relations. i believe we will see and are seeing greater union efforts across the board, whether it be in the retail side, the manufacturing side, it is something that the business has to be aware of and be prepared for. >> the timing of this on the flipside is interesting. i am wondering if you could arg

morgan, back to you. >> rick, thank you >>> we are 30 minutes into the trading session.emon the company warning new covid variants could impact demand shares down 2% plus chewy shares getting crushed. after reporting a wider than ecpecked quarterly loss, that stock is down 7.5% and 42% year to date. pel peloton down graded and noting a number of head winds include of out of home fitness. plug your years for my spoiler alert. the new revival show and just like that, which kills off mr. big with a heart attack on his peloton elicited a response from the company can't be helping shares either >> that was actually on in my house last night, morgan and i couldn't watch i couldn't watch mr. big come on. how could they do that to him? yeah all right. inflation rising to 6.8% that is the highest since 1982 putting pressure on the economic recovery and of the course, all eyes continue to be on the fed my eyes, your eyes what do you think? >> where else would you look i mean the november report underscores three important and worrisome parts of the inflation story. it's widespread

. >> amazing, rick it's a lot of interesting data, inc includeing the jobs number early on i'm with david faber here at post nine of the new york stock exchange morgan the reagan national defense forum. we did start with opening gains. session lows down 124. as rick said, some of the metrics on the macro economy pretty hot we'll see what atthat means for the fed. >> here's three big movers we're keeping an eye on this morning didi is down after the chinese ride-hailing firm said it will delist from the new york stock exchange. for it's going to pursue a listing in hong kong. it's a difficult process but not going to be trading here anymore. moderna as well. it's not doing much right now, but the stock, as you see, it's up a little bit. this follow as report from the fda, which says it's working towards a quick review process for updated covid shots. and that name, as you see, has been coming back after a recent drop finally, we'll end with docu sign those shares are just getting crushed. down 40% this after weak q4 guidance. that may be pressuring a lot of other names. concern as it's reflective of a broader slowdown we're going to get into that wit

morgan stanley calls last night at 9:30 p.m. [laughter] from new york city, this is bloomberg. ♪ ritika: with the first word news, i'm rick and couldpare get a new study is likely to compare firms about the contagiousness of the omicron variant. it warns that omicron is four times more transmissible in its early stages than delta. japanese scientists analyzed data from south africa and found that omicron transmits more and escapes immunity. it message to president biden -- the senate has sent a message to president biden on vaccine mandates. the house is unlikely to take up the measure because courts have already put the measure on hold. the u.s. has passed legislation designed to punish china for its treatment of uighur muslims. it adds to rising tensions between the two countries. lawmakers banned most imports from china's xinjiang region over concerns that they are made by forced labor. chinese developer evergrande has defaulted on dollar debt, which cut the company's rating to district a default after it missed dollar bond interest payments. we asked hong kong's top regulator about the impact. >> it is a significant event. you

rick thanks so much >>> good thursday morning. welcome to another hour. i'm carl quintanilla with david faber and leslie picker. morganintraday high as the rally turns to a third day and we look for some more tools in the toolkit to fight covid. >> that's right. merry christmas eve eve. we're about 30 minutes into the trading session. here are three movers we're watching today starting with nicola, shares getting a boost after saying it completed delivery of the first electric vehicle and more were on the way. the stock still down more than 30% year to date >>> jd.com shares sliding on news that china based social media company ten cent would distribute its stake to shareholders in the form of a $16 billion dividend las vegas sands with company operating shares in macau rising following the end of a 45-day public gaming result that might hurt industry profits. >> thanks. another name we're watching this morning is merck with the fda authorizing its covid-19 oral antiviral pill meg tirrell has the latest, they're both approved, pfizer and merck. >> we saw the second clearance just in the last real hour from the fda for

texas 8, great guys, veterans, wesley hunt is a former apache pilot and morgan lutrell is a seal for 14 years hand picked by ricknow, and our elections are coming up that's why we're doing this video because our primary elections are coming up in early march and so want to get these two over the finish line and you can support them at texasreloaded .com. >> well, congressman i still remember the first one that you did in 2020 and it had an airplane, explosions, the whole thing so it really is a good idea because it sticks in people's memories. what is it like filming an ad like this and whose idea was this? >> it's my idea. >> [laughter] >> these are generally my ideas lawrence: always. >> i'll admit, my idea. i like doing this sort of creative direction kind of thing , if you follow me you probably get a sense for that of course already and what's it like? we bring in a really professional crew to do this so it does feel like you're on a movie set, because these guys use the same crew over and over again, we've become friends, they're really all about the cause, they're awesome people, and they're usually worki

morgan, back to you. >> between the reference and the fact that we're getting good news i'll take it, rick santelli we'reon. here are three big movers that we're watching this morning. we're going to start with rh, after topping q3 earnings and revenue system, people keep buying furniture stock up more than 11.5% right now. it is up about 43% year to date. on the flip side, though, rent the runway shares running lower after releasing its first quarterly results as a public company, widening third quarter losses the company has yet to turn a profit shares down 10%. we will end with cvs issuing new guidance ahead of its investor day raising the 2021 outlook do not miss karen lynch on power lunch at 2:15 p.m. eastern. >>> cnbc is out with its all america economic survey revealing many americans remain downbeat on the economy for the holiday season steve liesman has that for us. >> yeah, david, downbeat on the economy but upbeat on the spending the economic survey finds christmas cheer not making its way into americans' views on the economy. americans planning to hit the malls and do clicking and spending on