Inventory Glut News Today

in the capitol city kyiv, russian forces are retreating from this quote, unquote, annexed region of kherson. >> thats the indication that the civilian leaders there are giving the russian installed leaders. thats the indication that russias generals are giving as well. putin seems to be trying to take a stronger grip on power there. remember in kherson seven months ago when the rush 1457b troops rolled in, there were street protests. the pernicious rule has led to the arrests, detentio...

democrats need good news on the jobs economy. and mass layoffs at any moment. thousands of people who work at twitter this morning might not work there anymore by noon. welcome to our viewers in the united states and around the world. im christine romans. just four days left now until the high stakes mid-term election control of the house. senate and dozens of state governors offices are on the line. president biden waking up in california. hes on a swing across the west coast tryi...

healthcare, prescription drugs and more. >> we need to show democrats across this country that the democratic party can actually get stuff done when we have 50 democrats in the senate, and i think thats where we are right now. so im all about forward looking, brianna and hello, joe manchin. happy to have you. >> a new effort to form a viable third party, names from the right, left and center say they will succeed where others failed. soon well hear from the president of the united stat...

in addition, it also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year no matter how many prescriptions they have. which is especially important for people with cancer and long-term diseases. its a god send. it will be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. they will meet an average savings of $800...

a major energy and health care bill that could breathe new life in his agenda. he urged congress to act quickly and pass it. >> the fact is that my message to congress is this. this is the strongest bill you can pass to low eriner inflatio tackle costs, and promote energy security, all the time while reducing the burdens facing working class and middle class families. >> manu raju is on capitol hill for us. manu, how did this come together? >> reporter: over the last few days, these ne...

Nike’s record revenue in its latest quarter overshadowed a lingering inventory issue and continued pressure on margins.

The largest US retailer and other industry giants are taking an increasingly aggressive stance with suppliers as the economy slows. ‘The world has turned.’

It helps them supplement their income. sometimes for extra gifts and also get started at companies after the holidays, but because of this slowdown were going to see fewer jobs. retailers are expected to hire 680,000 workers this year. thats down from more than 700,000 the last couple of years. the good news is though the wages will be a little bit higher. >> yeah. >> best buy, target, their starting wages are $15 an hour. amazon said its increasing the average starting wage to 19. fewer jobs bu...

>> what about the state of retail overall? things have changed so much in the past few years. clearly bed, bath & beyond hasnt kept up with those changes. what about the state of retail overall? >> its been a surprisingly strong couple of years for retailers. you think back before the pandemic. the major story line was the retail apocalypse. store closures, bankruptcies, amazon crushing retailers. then a funny thing happened during the pandemic. people wanted to shop. they wanted to refresh thei...

And the big one is theres this inventory glut. retailers like walmart stocked up on this stuff. now theres this hangover. secretary yellen talked about this and shes clearly in the camp that this is more of a slowdown than a recession. >> our economy remains resilient. our unemployment rate stands at 3.6%. household finances are strong. and industrial output continues to grow. overall, with the slowdown in private demand, this report indicates an economy that is transitioning to more steady, sus...