Jamming Up Commerce News Today

The growth expectation for the year for most people. we are probably still looking at the bottom end of that range. no reason to panic over this, i mean, this is the reality that we have learned to operate the economy in the face of the virus and that was a necessary thing to do and weve made great progress on it. we will lose some activity in the highly exposed sectors, obviously airlines, you know, the hospitality and leisure, thats where you will see diminished activity. >> good no reason to ...

Question, the russian economy, its not doing well anyway, its fragile, and that kind of sanction would have a major effect. and thats what he has to choose, mr. putin has to choose of the two options president biden pointed out, that is, we can sit down and talk about your concerns, some of your concerns may be legitimate, some are clearly not legitimate, but we will have that conversation, or, mr. putin, you can invade and if you invade then these sanctions will come and if you want to cut off ...

The economy and travel. i think that the numbers here at 9:00 a.m. out east, its only 6:00 a.m. out west, theres already more than 1,200 canceled flights today alone. look out in denver, already today 245 flights in denver international airport that have already been canceled. you are seeing this over the course of the last more than a week. just look at these numbers. yesterday more than 1,400 canceled flights, seattle was so hard hit by the winter storms over this last week, today 300 canceled...

Douglas, im talking about economists predicting the growth of the economy, they lowered that growth when we saw omicron hit the situates along with build back better being stalled. is this a burst to our economic bubble as we look ahead to 2022. >> i think thats too strong. the economy is in very good shape as we approached the arrival of the new variant we had growth that was probably the range of 6% or 7% in the fourth quarter of 2021. thats extremely fast. we saw it in red hot labor markets w...

Welcome back, everybody. it is the last day of the year, if you didnt know it, thank god, and it was a big one for our economic recovery. but it has been a bumpy ride and the road ahead to be pretty bumpy as well. the good news is supply chain issues are getting a lot better than what we saw back in the fall, but inflation it is still red hot, price jumping at the fastest rate in lee decades, hitting your wallet which im sure you know big time. a big part of that is the great resignation, millio...

Can the federal reserve do. they will be on the spot in 2022, they have a very tough job, theyd like to bring inflation down as quickly as possible and of course they could do that, they could raise rates to 5% overnight, the trouble is in doing so they control inflation but cost us a lot of jobs and perhaps push the economy into negative territory. they dont want to do that. its going to be a balancing act and the relief will depend on how well they can manage that balancing act. >> we are goin...

See a shift in it right away, certainly it continues to be strong levels of quitting, record levels of quitting in 2021 and theres no sign that will stop in early 2022. overall im kind of like doug, i think this is a pretty optimistic sign for the economy, it means we do have 11 million job openings still. we havent seen a rise in -- in jobless claims and people going back on unemployment aid. normally we see that at the end of the holiday season as people leave seasonal jobs and warehouses and ...

I have to also commiserate with you in that i feel like were always talking about split-screen moments, its always a conversation of this is happening and theres wildfires and a pandemic that we are in the midst of. there is a disastrous tornado and a pandemic. how are they going to deal with that. >> exactly. >> you think about the evacuation, where these folks now have to go, thousands of people gathering into one place, how is omicron going to spread throughout that gymnasium, for instance, i...