here we go. welcome to our viewers in the united states and around the world, it is monday, october 24th. i m christine romans. we begin with the midterm elections now just 15 days away. early voting already under way with more than 5.8 million ballots cast in 39 states. right now polls and political spending suggests republicans are surging and stand a good chance of retaking the house of representatives with a solid majority. recent surveys show the reason for that surge, the economy. inflation and to a lesser degree crime. early this summer looked like the anger at the supreme court ruling overturning roe versus wade would give democrats a chance to hold back the red tide and keep control of the house. now it looks like that abortion-fueled momentum may have peaked too soon. they have to split their messaging between abortion and the economy are the democrats. nobody said we re doing abortion rather than economy. but it s about both. i can tell you that that issue is ver
to do that we have to buy better, be more efficient in our factories. so it s a constant fight to try to minimize price increases. will you be raising prices this fall? we ve already increased the prices that we were expecting this year, but i m predicting that next year the inflation will continue. and as a consequence, we ll have other rounds of price increases. and he says there are supply chain hiccups every single week. new ones cropping up constantly. i asked him if there s a recession on the horizon, what is his plan? how do you prepare for the possibility of a recession? we need to prepare for the worst and hope for the better. yeah. right? and so adapting portfolios, working with multipacks, thinking about promotions, launching new products, accepting inflation and trying to predict faster and adapt faster. it has to be an obsessive
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to shop on this black friday. 60% of those expected to actually go inside stores and shop which is a divergence from what it used to be. meaning even prepandemic, people shopping online. that used to be the way to go. not this year. this year we are seeing a lot of consumers wanting to go into the stores because they want to get their hands on their items and bring them home and not leave it up to fate because of all the supply chain disruptions going on. retailers battling with these supply chain hiccups making it difficult for retailers to keep inventories higher. consumers have heeded the warnings. they started shopping as early as september this year. september and october jumping because consumers realizing that inventories may be low. the down side to this high demand and low inventory situation means the discounts may be fewer and not as big as in years past. brianna. . yeah.
than anyone would like. you know, as you were describing that, these warning signs and sticking around i thought, there is a relative nature to the pandemic and how covid is sticking around longer than we like so there may be to some degree pandemic intersection here. there definitely is in the sense that one of the big triefrs of what s going on is the supply chain hiccups. we literally can t get enough, whether used cars or washing machines, bicycles, you name it, from other parts of the world on ships to the united states or even from the u.s. factories and getting them on trucks and trains to different parts of the united states. that is certainly a key component of what is driving up prices right now on goods. what is really likely to stick around beyond a few more months is the price increases we re seeing at restaurants and entertainment venues and other