out of control ahead of the july 4th weekend. rich, great to be with you. wonderful to be with you, i m in for john roberts, rich edson. millions are expected to travel for the holiday. aaa predicts 3.5 million will fly, but staffing shortage, pricey fares, and some pilots threatening to strike causing turbulence for the friendly skies. gillian: thousands are being canceled, delayed, experts are fearing an influx of new holiday travelers starting today is set to make matters even worse. listen. all of it is coming to a head, we are seeing the cancellations. we just need more people to work in the industry both as air traffic controllers, pilots, you know, flight attendants, all of that. all in short supply and they can only staff so many planes. gillian: casey stegall is tracking the travel nightmare from dallas-fort worth international. hi, good to see you. a little turned around, i should be wearing my winter coat, usually when we are standing at the airport doing
and there s one sector that is firmly in the green this year, it is energy, up 29% because gas prices are hovering near the all time highs. people are shelling out more for gas, spending less on other things, which means the consumer discretionary sector is the worst performing sector, down 33%. disney down almost 40% this year. let s leave on a positive, it s a midterm election year after all. cfra look at these things, they say stocks in midterm election historically bottom now, before they rally in the fourth and everyone is making the references to the 1970s when inflation was bad also. if you go back and look at the s & p in the first half of the year in 1970, down 21%, same as now. the back half reversed the losses, up more than 26% in the second half. so, let s try to be helpful.