Working, theirl hours have been cut down to three or four days per week. Good morning, everyone. There are four things i want to talk with you about this morning. First i will begin with wildfires. Millions of acres are burning. Historically high numbers. That is horrible. But worse than that, at least 35 people have died in the wildfires. Many people are missing so we dont know the total number. Hopefully it is not so many more. Fromefighter lost his life the fire, just a recent report on another one. The acrestates are 20 times the amount this time last year. 20 times. We saw some of the reaching washington, d. C. It has covered the country. America can no longer afford to deny the connection between the Climate Crisis and the wildfires. Contempt of the science that tells us why the storms are battering the gulf , the are so severe severest in history, the one that hit louisiana. And now they have sally coming back. They told me they are running out of names and they have to go to th
Many people are missing, we dont know the total number. Hopefully its not many more. Life fromter lost his recent report a on another one. The western states, the number of acres, millions of acres, 20 times the amount this time last year. The wildfire haze, we saw some andt reaching washington dc it has covered the country. America can no longer afford to deny the connection between the Climate Crisis and the wildfires. Longer be in contempt of the science that tells us why these storms are battering the gulf coast are so severe. The severest in history, the one and now theysiana have sally coming back. They told me they are running out of names and may have to go to the greek alphabet to name the storm. Wildfire, the assault on nature, mother natures aboutent do something this. One of the things we going to do this week, we had some legislation on the floor, and energy package, it has many bills and it. Very proud works of the committee of jurisdiction, the energy and commerce commit
They really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now that they will not increase their budget meaning that they will not increase in order to catch up to the rate hikes which ultimately mean that they will end up buying fewer goods overall ok so here we are with the u. S. Retailers say the 15 percent tariff comes along the u. S. Retailers get hurt at christmas time but the chinese retailers they will actually hurt into next year right into next year which is why this year this didnt really impact manufacturing because manufacturers are they got their orders for the Holiday Season from the retailers however these tariffs are not going to extend into 2020 and th
These retailers and take a huge chunk out of their earnings because we havent seen this since 2013 that we had 6 plus days and 2013 was one of the worst years for retailers securities a lot of days but lets also be clear about this so the american retailers theyre obviously going to take the hit them from what youre saying based on christmas so they really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now all the Amazon Sellers have been feeling this and 72 percent of them have actually increased the price of their goods furthermore the latest market surveys show that while 60 percent of American Consumers say that they are worried about terrorists when asked about the
Worth of chinese goods those tariffs in theory would take effect on december 15th and yes they would hit video game consoles computer monitors Christmas Decorations all the stuff you care about plus thousands of other items so lets talk about this for a 2nd because kristie if december 15th ok is when these tariffs take effect and when the big question for a lot of people is isnt that too late to really affect christmas were talking about black friday has already passed by then cyber monday is already passed by then. With this kind of squeeze in everything for christmas or we still get hit by this you actually start to hit by because while got a lot of shopping does take place during black friday and cyber monday now increasingly more as more sales go online 30 percent of annual sales actually take place between black friday and christmas and almost over half of the shoppers dont even finish their Christmas Shopping until late in december so this will actually be a huge chunk out of the