drew bausman loves u.p.s.ering joy. he thanks the -- and thanks to u.p.s., drew got to deliver some joy himself, to his school yesterday in a mini truck. >> this little kid, who would do anything that anybody asked freely, and we get a call from this lovely corporation, willing to do something like this for us. and it's just everything. >> drew, along with the u.p.s. driver, delivered some packages to his first grade class. >>> coming up only on "cbs mornings" oprah will reveal the next selection for oprah's book club and we'll speak with the author. i'm anne-marie green. this is the "cbs morning news." [♪♪] if you have diabetes, it's important to have confidence in the nutritional drink you choose. try boost glucose control®. it's clinically shown to help manage blood sugar levels and contains high quality protein to help manage hunger and support muscle health. try boost® today. thank you for taking care of lorenzo. (♪ ♪) for a noticeably smooth shave, get $5 back on your razor purchase at dollarshaveclub.co

yeah, u.p.s.as outperformed them gxo, xpo fedex all lousy this year but they're great companies and i think as someone watching the show i think you could own any of these and i think you could have a really long time horizon. you'll get bobs and we haves along the way but any one of them has made a great investment we'll wait still ahead -- >> no, you won't. >> it's a sector up 11% in the past month alone is this the beginning of a bigger breakout and how much higher can it go from here we will reveal the trade and discuss and debate it next nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. ♪♪ ♪♪ ♪♪ ♪♪ >>> let's head to bob pisani with a special guest i just tweeted about. good stuff >> very excited. the ceo of ftx, the piper sandler conference important thing, all of the exchanges want to interact with the crypto community we're trying to clear that

, fedex, u.p.s.ocuses of these new board members is to increase total shareholder return, management compensation has been tied to that shareholder return, and now fedex after its dividend raised is going to have a dividend yield of just about 2%, putting it on par with a c.h. robinson, and again, returning more of that money to shareholders one of the big criticisms of fedex is that they were spending too much money on planes and facilities and not returning enough of that money to their shareholders. >> thank you very much frank holland, appreciate it. >>> coming up, the fed's quarter pounder, the market getting a rate hike tomorrow, but how many 4,/43/oror w1/ 2, 4 me,hat should you expect with less than 24 hours to go "power lunch" back after this. '. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. get verizon business unlimited from the network businesses rely on. zero-commission trades for online u.s. stocks and etfs. and a commitment to get y

. >> reporter: when not on social media, he's a u.p.s.ke the active part of picking up boxes and being outside all the time. and more often than not, u.p.s. people bring joy to people. they've ordered something, they've been waiting for it. >> you're santa claus, pretty much. >> yeah. >> we have an accident and injury free- >> what's it like walking into the bro culture? >> they accept me for who i am, they didn't treat me any different, they treat me as a human. that's honestly, as a trans individual, all you can ask for. >> reporter: growing up, aidan came out as a lesbian, played basketball at christian college. >> i had great family, i had great friends. internally, it was very stuck. i was not sure if i could go through the rest of my life living like that. >> reporter: at 24, he decided to transition. >> one day on testoer on . x mohsnstosterobviously parents brother. he's a military chaplain. at that time he was in afghanistan. >> you were afraid there wasn't going to be full acceptance? >> right. best response i could have imagine

after word god out about his love for u.p.s., he was finally given the chance to make a delivery routes own yesterday to his first grade class. >> this little kid who would do anything that anybody asked freely, and we get a call from this lovely corporation willing to do something like this for us, and it's just everything. >> we heard that he is loved, loves u.p.s. and loves bringing joy for what we do to other people. >> drew's mom says the special delivery made drew's dream come true. >> go, drew. >> how sweet that he loves this, and delivering good things to people! >> yes. he's the boss with that dolly. the news continues on "cbs news bay area." >> "cbs mornings" is coming u ♪ >> welcome to "cbs mornings" and hello to ow vurers on west coast. i'm tony dokoupil. >> and i'm nate burleson. >> aim dana jacobson. >> gayle is off. >> your world in 90 seconds. growing concerns on capitol hill what is aa happening now as the vile continues. >> this country cannot look away as our schools and our neighborhoods become killing fields. >> the former leader and four other members of proud boy

and amazon where does fedex sit compared to u.p.s. and amazon. is u.p.s.first of all, the market praise for e-commerce is quite large. it's driven by retailers, small customers and brands fedex is in the center of that ecosystem. and that ecosystem is growing very, very fast. in fact the last couple years, fedex' growth was $25 billion, compared to $50 billion over the last 0 year, and it's run by the fact that we are the critical infrastructure for e-commerce. we have a much more diversified portfolio than our direct competition. and i think we are well-positioned both from a physical point of view and digital infrastructure to succeed in this market place >> last night it sounded like you don't brief amazon's a competitor, but you obviously think u.p.s. is. >> of course u.p.s. is our direct facing competition. and they have been for a long time in the united nations, there are only two networks that connect each and every point from excellent raj, thank you so much for joining us share up since you announced new mans, including increasing your dividend p

time coming because we have been looking at fedex with roughly half the operating profitability of u.p.sicative assets we're not trying to be disparaging of mr. fred smith, the founder and ceo upwards of 51 years but he ran it like an entrepreneur, always risking on cap capital, we find it has half the profitability of their peer u.p.s. or the dhl network. so with a more focused board looking at financial returns, focused on cash flow, getting capex down, you could see significant upside in the shares of fedex. >> so you're a buyer on this news you think it can widen that gap. half of the operating profitability relative to peers? >> that's right. we understand investors are very fearful to put multiples on things people are worried are we hiking 50 basis points,75, 100 basis points at the next meeting fedex has some structural cost issues when you look out in the street, there's going to be an express truck and a ground truck going to a lot of the same addresses so they have a lot of overlapping network costs that we think with a more focused board and new ceo, they can start to address

laura lane, chief corporate affairs officer u.p.s.t there, tomorrow, gavin degraw will take the fox stage for the concert series. if you want to be in attendance, get your free v.i.p. right now and join us tomorrow for his live performance and free barbecue for our friends. >> brian: do we have to register? we're registered? >> steve: sign us up. see you tomorrow, everybody. >> bill: how the l.a. d.a. george gascon will defend this one. a big question there today. i'm bill hemmer. >> dana: i'm dana perino and this is "america's newsroom." gascon will have to talk about this. we're learning more about the man accused of shooting and killing two officers in california. he was no

there's also labor negotiations that are problematic >> that could be a real problem for them at u.p.s negotiations as well at fedex, we'll get earnings soon the end of the month is going to bring an investor day where we may get additional news, perhaps some additional things in terms of their focus on operations and what their plans are, jim, but this is a significant momefront the country. >> very much >> this is a great american company. the transports have been horrendous when i look at what's going on there, there's really not much that's good. but then last night, we got an amazing quarter from oracle, must better than i thought they told a really good story. you have this fedex news oil is good. we want oil to come back coinbase was down badly, suddenly it's up the ppi was not as desperate as we thought things are shaping up for a bounce, mostly because i think when i watch "squawk" no one said to buy anything that's when you get the best >> you tweeted this morning about "the new york times" top of the fold, s&p chart is generally what you see >> so funny, i read the dotcom no

i mean, you can come and go as you please, i suppose, and maybe see what's up with the u.p.s.o's always asking if you work out, or -- it's great because we have the rare opportunity to choose our new neighbors. while still looking out for my client's best interests, of course. wink, wink. [chuckles softly] i'm in kind of in a delicate spot, stuck between my wife and the guy next door, but i'm pretty sure i can satisfy them both simultaneously. okay. that's them. that's them. everybody look like you're gardening. luke, grab that little hoe. uh, i -- i don't think that's what she meant. is it? okay, why are we doing this? this is their third visit, and we want to look good. [chuckles] what's so great about them?

. >> u.p.s. has a very good contract with the union. now, the last quarter wasn't nearly as bad as people think it was. i happen to think this idea that everybody is down to services, that's a summer thing. by the end of the summer they'll run out of money. phil lebeau. if i have to listen to one more airline with prices so jacked up, eventually people are going to start taking a car. who doesn't know someone whols flight wasn't canceled >> delta made it easier to change your flight because things will be tight on the holiday weekend. >> people are tired of overpaying and not getting i had spirit on last night you think it's bad now if jetblue buys spirit, they'll shut down planes the only cheap air fares in the whole country is new york to west palm. that's because there's so much competition. i am adamant that jetblue could win on this. it's almost laughable. >> we'll talk more about the airlines, especially, you know, wholesale gas, 50 cents off the highs. do we start getting some relief by th

long time listener, first-time caller the ticker is u.p.s. is it a good time to buy? >> the stock has come down quite a deal. the answer is, stacy, yes. 3.48 yield, contract, 13 times earnings, call me a buyer. all right, powell better hope this run won't last, unless those beach house prices, new construction jobs, and lennar homes, and processed food stocks, and oil won't be going down and staying down anytime soon. he needs that. let's get it over with. you called in and asked me about foods, and i invited a ceo to join us. i'm sitting down with the top brass to make sense of the recent action of the stock. i'm taking a bite of sweet greed, to make sense of how wall street is doing. plus, one of the hottest sectors in the economy. we sit down with david faber to discuss what he learned in his upcoming documentary on exxon. stay with cramer. right now, we're all feelin' the squeeze. we're having to get creative. find a new way. but birthdays still happen. fridays still call for s'mores. you have to make magic, and you're figuring out how to do that. what you don't h

. >> don't be mad u.p.s. is hiring. it's like you don't work at u.p.s.the mail bag for the vice president. i don't say something obvious, to the extent that the trump view and/or argument needed an airing, he is the number two official in the trump administration. he's a member of the losing campaign. he was familiar with all that. so to circle back and end on your question, rachel, the legal problem is, you can lie on the street. you can lie on tv. you cannot lie to the government. >> right. >> you can lie in front of the courthouse. but when you walk inside it, it's perjury. you can lie in front of the congress. but when you walk inside and submit fraudulent documents, even if you are in the government and especially because there could be a second charge, you're in a different turf. >> the thing that has come through in that montage you played and come through the hearings and i found very illuminating is the awareness contemporaneously of legal exposure. you hire a criminal lawyer. that's the best advice you'll get. matt morgan saying i took it to ze

remember in may ports in virginia and houston reported double-digit increases u.p.s. demand for air shipping demand for ltl spiked during the port log jams earlier this year. freight forwarders, companies that move goods a variety of ways could benefit ch robinson is the biggest from asia to the u.s. other include expediters and the hub group. >> frank holland. >> a key event to watch. >> well, the next hour, the most important hour of the trading day begins very shortly. it looks like we're going to go out with a big green week. >> 6% or so for the nasdaq, everybody. thanks for watching "power lnch." >> and "closing bell" starts right now. >> thank you, tyler and kelly. stocks are in rally mode we're actually at the session highs, up 700 points on the dow adding to a strong week of gains. the most important hour of trading does start right now welcome to "closing bell." i'm sara eisen here's where we standing in the market the s&p up 2.6%. it's a broad rally with every sector in the green right now. the nasdaq i2.7% the best performing sector at the moment is financi

large organizations, huge institutions -- dupont, trucking companies, u.p.s., fedex, airlines had budgetsgoing to cost to fly the planes, drive the trucks, what it's going to cost to run the factories. those numbers are wrong. and by a lot, okay? and it happened fast. >> i'm only going to jump in here and there. the question that a lot of people are asking, you know, at home is then, what can they plan for and how bad will it get? we hear bear market, 20%, 23%. i'm not asking to you predict what will happen, but is it within the risk matrix? is there a non-zero real risk possibility that it drops another 10%, 20%, 30% in the real economy or markets? >> of course yes. even by virtue of inflation. even the if the stock market did not change its value, but inflation continued to rise -- so, if you have $100 worth of stock, and it space at $100 worth of stock or bonds or anything, but the $100 goes down in value by another 10% or 20%, you've lost lost money. here's the two things. here's your best news. sort of like a patient who gets an injury, if you're very healthy before you get injured,

i've seen this during my career, cloning u.p.s.y to clone something that's going to be familiar to the area. south texas, a lot of trucks. laredo port of entry is one of the busiest, that checkpoint is one of the busiest on the southwest border. so the information is that that truck came through the checkpoint. what we don't know, were the migrants loaded in the truck or load north, we don't know. my guess is they may have been in the truck. however, this goes back to what the administration has done to the border patrol. they are understaffed. that's why the 800,000 got-aways, once you patrol in broken arrow, tom, we should not contain what's coming across the order. we have lost control of the border. influx of millions of people, 70% are in processing facility and not doing the job, the checkpoint, a lot of their resources are sent to the border to handle the crisis down there. it's a perfect recipe for more of this to happen and i said for the past year you are going to see more tractor-trailer smuggling because the cartels are

possibility of activism at fedex for some time, pointing out that revenues are roughly the same size as u.p.sctors to its board in an agreement it has reached with the hedge fund d.e. shaw they're adding amy lane immediately. and it is an agreement obviously, we can expect there has been some conversation going on over the last few weeks, if not longer, with shaw. some other important announcements. the company increasing its dividend by 53%. i'm told that's the second largest dividend increase in history. it's now $1.15 a share and there remains confidence in the company and operation. fred smith did only a couple weeks ago step down as the company's ceo, one of the longest-serving ceos of all time was he, and this might be a reflection of a kinder, gentler fed ex they have yet to announce. but changing to a certain extent their executive compensation program to what they say is more closely tied to total shareholder return a couple of different things there that they're changing. one metric, total shareholder return, relative to the broad market indix wex will be includn that it will align

inefficiencies caused by staffing still, covid-related conditions slowed global recovery >> fedex outperforming u.p.sed ceo june 1st coming up next week in memphis we're expected to hear plans about enhance shareholder value, including increasing the dividends by 53% >> if there was one company that you could know everything about and trying to make determinations about the global economy, is there a better proxy for, i mean, i think about, inflation, supply chain, a strength of the economy, whether people are, you know, how many packages you're shipping versus a year ago. just across the board, it might be the one thing you'd like to know if you could pick one thing if i was on a desert island, what's the one food or the one song would you listen to >> i would do hard-boiled eggs >> i don't flowknow what that i, joe. that's probably before my time >> maybe fitty cent in the club. >> for food. >> what food >> seafood, shrimp >> be plentiful. >> yeah, great example of the economy and what's going on. we also have exposure for the spot market. think purchased transportation for their ground unit. that'

but once i get here, how does any business have a plan that keeps doubling, perhaps, how does u.p.s. pass these costs on to folks in wheelchairs, it's just seems like it's never ending and not right. >> ainsley: i was talking to a single mom i work with here she has to have a yard guy and he has gone up in prices significantly when we were talking about your story before the show. what are your customers saying? are they willing to pay the prices? she is. she loves this guy and she has to have her lawn taken care of. >> well, yeah. you know, like i said, i tried to help like the nurses and the first responders, and the folks that are going to be tied up during the covid crisis. and so, that was the whole plan behind this, frankly. and so i enjoy what i'm doing it doesn't hurt to do a little work for folks that doesn't bother me at all. this machine that i'm on right now. >> ainsley: looks pretty sophisticated. >> it's up $1,000 from last year. it's not the gassing it's everything else. i don't know where it stops. >> ainsley: you are a hard-working american trying to help out people