at united parcel what are you doing for united parcel because the stock has caught fire and it not justas much as i love carol, you guys are playing her role. >> ups just shows qualtrics and you have an amazing ceo in carol and she's been on your show and leading the world's leader in package delivery management solution she says i learned the answer to the strategic questions can be found in listening and their strategy is all about experienced transformation, being customer first, people led and building on their strong workplace culture. ups is leading into the new kes me customer experience saying we want to be better, not bigger and serve the customers in the way they want to be served and use this to shape their operations and logistics so here is an example of another leader, it's ups choosing qualtrics to further experience transformation and what carol is doing is taking action on critical customer experience globally based on the platform i'll comment one more thing on missouri, to a quick thing what we're doing is tapping into the hearts and minds of people and addressing tha

there is one banner i want to talk about, which is united parcel service not providing 2021 revenue and earnings guidance. that is a little bit of a surprise and maybe is a little bit of a tone of the american uncertainty on q3, q4. jonathan: just how good, that is where the uncertainty lies. thank you, tom. here is some news for you, president biden will require contractors to pay workers at least $16 an hour in an executive order to leverage purchasing power to boost working conditions for low earners. ahead of that executive order. this is the moment where we start to talk about unit costs, etc. bank of america played out some nice research. the number of inflation on earnings called year on year have tripled, the biggest jump going back to 2004 when they started tracking the data. raw materials, transportation, labor, major drivers of inflation. they already have raised prices to pass through. that has to be the number one issue in the coming quarter. tom: what is so important is the reversion up to the main to -- to mean. let's bring in jennifer lee. jonathan: can we start on how y

united parcel service is betting on electric aircraft to get packages to remote areas.ompany has agreed to buy 10 small aircraft that take off like helicopters and fly like airplanes. the first delivery is expected in 2024. that is your latest business flash. alix: so interesting. we in the past have spoken to a company doing just that in new york, helicopter taxes, how that would work. sort of transform the way you deliver and travel and move and commute. guy: so these things initially will be piloted. they take off vertically and lent and fly like aircraft. they will be piloted initially and i think the key thing here is there looking ultimately to be drones. that is when the real sort of sea change happens. we will see things become unppiloted and the regulatory story kicks in. alix: gets complicated. guy: it is going to be fine. this is "bloomberg." ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please.

to new highs here and 350 new highs on the nyc including well-known reopening names including united parcel service, expediters and csx also moving up and avis also moving up and the economic reopening is proceeding very strongly and that is showing up in the earnings reports here the analysts have dramatically underestimated how strong the recovery is going to be. look at these numbers. normally analysts, the companies will be by 3%, 4%, 5%. u.s. bancorp almost 50%. look at these huge beats, beats are usually 3% to 6% the analysts very conservative and the market has been a little surprised and so we're doing better if you actually look at how these companies are doing, though the responses have been fairly muted. overall market keeps going up and some bank stocks are noisy because beats around huge trading positions that have been very profitable and a lot of people consider that one-time noisy and not necessarily recurring. the overall market is responding to the better earnings number here how many companies have reported yet. just started 34 companies reported earnings so far this seas

well, if we could do it with google, what a quarter take united parcel with a stock that's fallen to 10% today if we google we'll see the stock up the most this was seemingly in response to an amazing set of numbers, right? that's what we heard all day that's not what drove up ups at all. sure, the gross margins were terrific and pricing per package was good however what you needed to know about ups is that the new ceo has repeatedly dismissed, just dismissed on wall street as someone that wouldn't be able to tame the beast that's the package delivery company with 40,000 employees. i doesn't matter she's been on the board since 2003 so it didn't matter she was the dominant cfo she came on the show after the last quarter widely panned, right, and promised from now on she'd beat all targets, it was over the missing was done that's exactly what she did. for many stocks beating numbers doesn't mean much. they will do it all the time check out proctor and gamble and coca-cola. stocks do nothing. in other words, ups roared because of the surprise factor people betting against carol they we

i think a little disappoint on the guidance there united parcel service did not give guidance.ed but the beat by a dollar was so strong you see we're pushing it to a new high. ups one of the few really moving forward on strength of earnings. where are we in earnings season? >> we're about a third of the way through. if you include everybody today about 153 companies reported already. 88% of beat estimates. what matters is the huge number beating way above the estimates. a few days ago was 20% it is still in the 17% range given that you have a third of companies reporting. historically they normally beat 3-5% with a third of companies they are beating by 17% that is a testimony to how much companies are still surprising, the analysts are still too conservative here is the most important thing. 60% of the companies that have reported so far are seeing their second quarter earnings estimates go up. that's what we care about. second and third quarter are the estimates rising, yes? and they are rising at a faster pace than the last quarter rate of change for earnings estimates is go

part and parcel with the narcotics unit. to our earlier conversation, this is not just an l.a. this has a wider implications. frankly nationally, but also feeding into these international issues that lead to the destruction of our society and drug addiction and the like, and we are removing those tools, preventing any way to deal with it. that specialized manner that actually had an effectiveness. >> gillian: why we are shining a spotlight on this today is precisely because of what you just laid out. because of the gangs in l.a. over the last few decades have become some of the most powerful gang institutions in the nation. their tentacles spread wide across the u.s. even to the east coast. it is interesting to listen to o the prosecutor is with this hard-core gang unit because they said -- this is by the way, something we are talking about in the first block with regards to portland. this decision to cut these resources is actually going to hurt low income and minority communities in l.a. than most. the prosecutor say one of the biggest misconceptions about gangs is that they

the spirit generally dawdle function lines might actually have an impact on how united the army of course the government parcel service is really and that is after the raid you know the doctor concrete beds. i'll be shot for an op we don't know superiors or the trained or we did you see the end and it maybe says there are going to be serious run. there are going to fish but i'll try to be charged and we'll see if these were terrorists how much they are in charge of the whole upper right that's paul simon headed from the institute for security studies thank you. and the other problem in chad is climate change has straightest can no longer raise livestock or grow enough to eat because of changing way of the in the same arid saheli take a look at this lake chad used to be one of africa's not just the lakes this was its extent in the 1960 s. and this is how far the water stretches today has lost 90 percent off its surface area over recent decades here you see 975 on the left that make shrunk to a speck by 2014 on the right not the lake the last warship because off climate fluctuation irrigation add a simple human

whom cooperated all who were eventually released i think is part and parcel of the lack of strategic focus that as plagued the united states in terms of its interactions in the middle east since the. very bad decision to invade and occupy iraq back in 2003 we haven't made a good decision since then it turned out to be the media its successor of al but dottie after he was eliminated in a u.s. raid in syria and $29.00 thing today washington has a bounty of $10000000.00 on all malas head well after all it's the us that one spearheaded the war on terror and remains the most successful force in ridding the world of the evil or maybe something has gone wrong with how it's done we've killed isis members by the 10s of thousands if not hundreds of thousands the same without and yet they exist because killing people is not destroying the ideology the idea. ology a sustained by the continued american presence in the middle east this this unlawful presence in iraq and syria and elsewhere so you know until which time we can diffuse that which motivates these people to support isis isis will always exist no matter who is in charg

the united states through its allies and these actions against the regime which basically since 1990 declared war against the state of israel, proxy war, but still wore. this seems to be part and parcelf israel's tools. i wish we could negotiate with iran, but it's regime does not recognize israel's right to exist and it holds competitions. it finds the holocaust funny enough to host cartoon competitions. it makes it impossible to negotiate. >> would you like to weigh in on this? do you share the point of view that this may be a way for israel to have indirect leverage at the talks in the sense it is trying to complicate the decisions of the other members when it comes to nuclear talks? >> in general i would not take propaganda that the israeli regime promotes very seriously. first of all, in 2015, the iranians did not go to the negotiating table because of pressure. it was because the united states under obama accepted iran's right to enrichment in the talks in oman. in 2003, the information was -- and while iran because of a technicality was on the wrong side of the law, his legal advisers had iran was not violating the law. there was never any evidence iran was pursuing a nuclear

united states through its allies and these actions against the regime which basically since $990.00 declared war against the state of israel crops it works but it still war sold these seems to be part and parcel of israel as a tool to deal with death row from the iranian regime i wish we could go sheet and with iran but unfortunately this regime not only doesn't recognize israel's right to exist horst koehler of course cartoon competitions it somehow finds a whole of course funny enough to force a cartoon competition so it makes it impossible to negotiate and then therefore other means or apply the hammer brandy would you like to weigh in on this sending you a share the point of view that this may be a way for israel to kind of have indirect leverage at the talks in the sense that it's trying to complicate the decisions of the other members when it comes so that if there are talks in general i wouldn't take the public and the israeli regime come out very seriously at 1st are in 2015 the iranians in goma. didn't go to the negotiating table because of any pressures because the united states under obama except that iran's right to enrichment in their homes in the attacks in all mine in 2003 the

parcel of much larger issue. we saw the police chief testify against barry should have been in this trial what message do you think the hundreds of thousands of police officers across united states will take away from imbalance in the trial and from these but it's empty. it was a significant moment because often what the police will do in cases like this is a wreck what's known as the blue wall on the blue wall of silence they will testify against other officers you often see in close ranks close ranks mentality take over she earned out of those decision not only to testify in this trial but his decision in the immediate aftermath of the killing of george floyd last may to dismiss the officers involved signal to the parcher from what we've seen historically and his testimony along with fellow officers in this case exposed alternately a couple of things i think are significant number one and it exposed the cube years olds you and the so-called guiding principles that are supposed to undergird the way that peace officers go about policing communities it was important for the key here that i felt like cheap here in town that was talking him as much to the cutie as he was tes

client and the lower unit and i do agree with the exception of the electrical which is in a common area in the garage. >> i understand that and i was hoping to find an assessor parcel map to determine for sure whether there was a different parcel for the garage but i was unable to do that quickly. >> director: thank you. commissioner lazarus, you're muted. >> commissioner: yes, my question is on what basis were you demanding entrance into the permit holder's unit? >> so there's an ongoing dispute among the unit owners and so this actually followed after a request for resolution was issued from our office, you know, on behalf of our clients for exterior repair work that the applicant has not authorized and so it's exterior repair work to the building, dry rot and paint. and so upon receiving our request for resolution which is the private matter not in front of the board today, we were told that the applicant was sort of in retaliation taking out permits to do other work without h.o.a. approval. so we've been in mediation and other discussions. >> director: okay. thank you. we will now hear from the permit holder, i believe mr. casey bellway will be speaking. you ha

parcel tax oversight committee for their important service to our whole district. to commissioner alexander's question, mr. shreve mentioned the first thing that i would mention which is the m.o.u. with the united educators does speak to about 71%. very close. 71% of the annual spending plan is subject to that m.o.u. with uesf leaving about 29% that is not subject to collective bargaining process and rather just needs to abide by the language of the ballot measure. which is the main charge the oversight committee. it is true, commissioners, we have not taken a comprehensive look or revisited the main components or the proportion of the spending for that 29% in some time. they have largely grown or in most years have grown proportionately in relation to the original spending plan. as i believe mr. shreve mentioned, single largest component of the 29% is for technology and there are other components for professional development and the impact. i think it's very valid point that commissioner lam point the out, that looking at restricted resources of all types including these parcel tax proceeds. especially given both our fiscal challenges in the upcoming fiscal years and the frame of zero based bu