it takes a lot to get an e-commerce project up and running. one of the big companies here helping other because -- companies get their stuff online and to the customers. that's coming up. this is bloomberg. ♪ romaine: the future of retail is already here. talking about online shopping, it has been growing consistently for years. last year, we saw tremendous growth as the pandemic worst people indoors and had no choice to buy things online. caroline: all demographics as well. it's notable which countries have highest penetration. china has 27%. not surprising when they get their food delivered by robot. the u.k. is also very much akin to this. it's interesting -- romaine: do they have robots in the u.k.? caroline: not yet. only 7% penetration and india. we talk about other places where opportunities are significant. joining us to discuss how brick-and-mortar shipping -- shifting to online is our guest. software-as-a-service, digital commerce, helping your clients get online and serviced in and only channel -- omni channel weight particularly

congress can significantly jumpstart travel by assessing hospitality and commerce job. large group events which often significantly take years to plan. passages that would drive travel demand and support millions of jobs to small businesses. chair rosen and ranking member scott, thank you for the opportunity to share the impact of covid-19 on the hotel industry. congress can take action to accelerate the recovery and soften the scars left by the pandemic. the hotel industry looks forward to working with youto revive tourism . thank you for your leadership >> i want to thank all our witnesses for joining today and for their thoughtful opening statements . ranking member of our full committee, senator wicker for the first round of questioning. >> thank youvery much madame chair and you're right. the testimony has been very helpful and very good and i appreciate it . i think i'll start with miss new fang because i know if my colleagues have experienced what we have in our office, there's this huge problem with the delay in passports and visas. i appreciate this messed new

the top picks in e-commerce and how to trade fintech and an executive shuffle at google. >>> what to make of apple's california streamin' event carl >> jon, interesting market day big moves for tech stocks this morning, google, microsoft, alphabet all down about a percent today on what is turning in to be an increasingly tough tape the names you need to add to your portfolio today maybe in just a moment but dow is down 234. we're going to start this morning with the ftc and the agency's continued pressure on big tech it is alleged hundreds of deals by the largest tech players have gone unchecked, apple, amazon, google, facebook and microsoft have made 819 unreported acquisitions, accused of using loopholes to duck merger reviews and anti trust scrutiny. facebook buying giphy, which lowered the value of its assets to the deal didn't need to be reviewed khan is calling for tougher enforcement of acquisitions which we figured, jon, she would bring. >> i think with this acquisition talk, there's not enough focus but we've mentioned it here on "tech check" on it seems if you keep big guys

and this clearly is affecting commerce. it's affected the ability of businesses to function in this country, the economy has been affected by it, the virus doesn't know borders. so, the commerce clause has not to date and this moment been interpreted in those kinds of narrow ways. so the notion that somehow congress lacks the power to give this to the labor department, that's not accurate. and the argument -- >> ilya, one second, i'll let you respond. >> the asha act is broedly worded and it even allows emergency relief that osha can pass emergency relief to protect workers' safety. so i think the suggestion that somehow this is unconstitutional is overblown, if not frivolous, frankly. >> ilya, go ahead. >> i'm getting flashbacks to these sorts of arguments that i was having over ten years ago over the supreme court mandate. this is why i keep saying that the federal government can't force businesses to do its dirty work. it's not necessary and proper for the enforcement of interstate commerce. remember, unless chief justic

corporate tax hikes, chamber of commerce susan clark weighs in on the biggest business issues and later as the market headed for correction economists will weigh in but we begin with the three most important things and investors to be thinking about right now. it's been a messy market with lots of ups and downs investors are focused on next week's fed meeting energy prices higher barron's has surprising news on national gas and digital currencies now challenge the supremacy of the u.s. dollar what it could mean for banks and other financial terms on the "barron's roundtable" then levenstein, carleton english and jack hough it is still a long way from halloween but triple witching has spooked traders, tell us about that. >> it is a day that stock index option in future on stock index expire and it causes a lot of volatility in the issue the s&p 500 has been testing the 50 day moving average and important support level on those days, friday lived up to the scary reputation in the s&p 500 dropping 1% and closing below the 50 day moving average something that happened in june it happened tw

. >> well, let's talk pandemic i think a lot of people experienced shopping through e-commerce during the pandemic and what is your take on how if at all that event that we're still in has influenced both e-commerce, amazon's mission, the perception of amazon >> i think the pandemic, i mean, what a crazy period, i don't think any of us have lived through anything like that before and i hope we never live through anything like that after. and i think very early on in the pandemic we realized that whatever role amazon plays in the world typically, we were going to have to play an increasingly important role with so many establishments that were going to be shut down. and so, you know, i think more and more people were -- people had been using e-commerce for a long time, but always in combination with physical retail and the overwhelming majority of retail remains in physical retail, but because of the pandemic, more and more people had to try e-commerce and i think they realized it was convenient and broad selection and lower prices and i think that you'll see moving forward increasing

romaine: how much faster does this get us to full adoption of e-commerce? when you look at e-commerce numbers for certain segments like clothing, the percentage of folks who do it is still relatively low. there is still a lot of fear among certain people. is this what gets us there or do we need to get somewhere else before we get fuller adoption? thomas: it is a matter of time. everything accelerates in a crisis, there was no other option. there is a way for a wider adoption, but the brands that are more innovative and always on the edge show the other brands. the path. and we work -- show the other brands the path. and we work with a lot of brands. we saw the metrics from the web and social platform and the use is getting higher and higher every day. millions of people experience -- people experiment with ai and they can try on shoes and sunglasses and with the new technology, we saw a lot coming into the market, coming into mass production. taylor: on the output side, some of the leaders in the space, snapchat, how are some of those companies helping to

one guy is being held because of a threat of interstate commerce. there are many people who have been accused of violence who are charged with real violence and have been released under house arrest with the same violence charges as those being health. being held. -- as those being held. all men are innocent until proven guilty. although there is evidence where it seems they engaged in something violent and deserve their day in court -- especially those not accused of violence, those charged with conspiracy or interstate commerce, being held in solitary confinement. that is completely immoral. they should at least be granted bail. host: you're rally is getting a lot of attention in d.c., a lot of conversation this week. what you say to those critics who are calling this an attempt to whitewash the violence of january 6? guest: we condemn the violence on january 6. we think everyone who engaged in it should be arrested. we think the federal government to is sitting on 14,000 hours of video from that day should release that video so these individuals

chamber of commerce saying tax hikes they are considering are large and will result in a big economic hit we'll take a break here. dow up 245 c'mon caleb, you got this! and if you don't, there are other options! umpire: strike three, you're out! you'll get 'em next time! plan today. feel comfortable about tomorrow. massmutual. does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ if you're 55 and up, t-mobile has plans built just for you whether you need a sing

and then the veteran with block island and then the champion for offshore wind with the commerce department as well as doe and the department of defense. and off the central coast. >> thank you for the insight. we have 15 minutes left so i will transition to questions from the audience. so what you mentioned around supply chain so how can you accelerate the development of a robust supply-chain? governor let's start with you. >> but one solution is a strong industrial base that serves the economy. a lot of that is concentrated in the underground gas economy they just talked about this about wanting to help workers and companies but you look at the then the training programs from our high schools we have concentration especially in the working gold coast devon in texas and oklahoma and north dakota and other states that traditionally have been invested in the oil and gas industry. so this is helping those make that transition we have several vessels because of the decrease of oil prices and drilling activity several vessels that are not being used today it is so expensive to build those from

endorsed by the chamber of commerce. endorsed by many, many republican groups. nobody, do i think more of than the dean of the house and i'm happy don young endorses this bill. i hope more republicans join with him. i'll vote to move america forward. thank you. the speaker pro tempore: the gentleman reserves. the gentleman from missouri is recognized. mr. graves: thank you. at this time i yield two minutes to the gentleman from louisiana, mr. graves. the speaker pro tempore: the gentleman is recognized. mr. graves: thank you, mr. speaker. mr. speaker, i think everybody in this body wants an infrastructure bill. we all want to see better roads and bridges. we want to see more sustainable, resilient communities. mr. chairman, this bill, about half of it actually is money for infrastructure. about halving -- about half. we've been able to cut red tape, break logjams. projects, mr. speaker, dates back to before i was born, we've been able to work through all of the obstacles and impediments and get the authorization in place and get them funded. this bill doesn't gi

question. >> a quick final thought on commerce, yeah >> final thought is commerce is changing there's lots of movement toward social commerce that video platforms like youtube will play a role in and busily working on it to make sure that that option for creators, selling their own products or other people's products continues to draw and the audience building activity is rewarded really well. >> we'll have to leave it there. i hope you talk to us about that and more in this booming creator economy. >> thank you. >>> netflix on a record run. the service posting gains for 14 out of 15 trading sessions the streak the most for any 15-day period since going public back in may of 2002. the jump on the heels of apple announcing to allow them to skirt the 30% commission fee after a settlement with japan's fair trade commission. >>> and wednesday's announcement that "seinfeld" on the service october 1st in a $500 million five-year deal jon, so much going on for netflix and the fact that there are more movies hitting the service this fall than any other th three-month period. >> first of all g

what are the advantages when it comes to commerce and the way they do their business? at least from what we read in media outlets this is in the last pandemic we deal with in our lifetime so what could we have done better and how do we get in front of cross-border policy cooperation and consistency to make sure we are approaching the next pandemic with as many tools as we have available so there's less confusion and consistency whether ground border crossings or air travel into the future so those are on my wish list. >> we'll be sure the people putting this together it's very helpful. >> thank you for joining us today such an important industry and in 2019 arizona tour industry 46 million overnight visitors generating over $25 billion in direct travel spending the covid-19 pandemic has difficult challenges small business owners who work in the tourism industry and in 2020 it declined by 241 percent putting many arizonans out of work according to the trade association it has wiped out ten years of job growth for arizona tourism. as increasing covid case numbers are dri

for us, it presents a new commerce edit -- opportunity. we have brick-and-mortar and e-commerce. in the future, we have the meta-verse. it is a new channel, especially with the ip we are working with to create something and sell it in a digital place. there may be many digital places. emily: how do you think about the relationship between the physical and digital? what will be more valuable in the future, an nft or actual painting? >> i think in the future the, they will link together. we'll start seeing a tie-in and the traditional real world. the world is becoming more and more digital. we are spending our time online. this would not have happened years ago. i work out on a pallet on and have a gym class online. we are starting to bridge the gap between this meta-verse and online and digital world and the physical world. i think as the years go on and technology progresses, these experiences will become more immersive and engaging as more capital comes in, these things will be built. i think the two worlds will collide and you will see in enhanced art in the physical world beca

endorsed by the chamber of commerce. endorsed by many, many republican groups. nobody, do i think more of than the dean of the house and i'm happy don young endorses this bill. i hope more republicans join with him. i'll vote to move america forward. thank you. the speaker pro tempore: the gentleman reserves. the gentleman from missouri is recognized. mr. graves: thank you. at this time i yield two minutes to the gentleman from louisiana, mr. graves. the speaker pro tempore: the gentleman is recognized. mr. graves: thank you, mr. speaker. mr. speaker, i think everybody in this body wants an infrastructure bill. we all want to see better roads and bridges. we want to see more sustainable, resilient communities. mr. chairman, this bill, about half of it actually is money for infrastructure. about halving -- about half. we've been able to cut red tape, break logjams. projects, mr. speaker, dates back to before i was born, we've been able to work through all of the obstacles and impediments and get the authorization in place and get them funded. this bill doesn't gi

the role of the department of commerce has been to help u.s. businesses export their products around the world but today commerce secretary gina raimondo will lay out strengthening and developing u.s. resources and development, a plan she said will add 1.5 million jobs and 60 million in growth. the first part is to stabilize supply chains. she said the pandemic is still to blame for these bottlenecks getting worse. >> we just shutdown our economy. we came to a screeching halt overnight. and now you can't just flick a switch and expect the economy can be turned back on. there's disruption in the supply chain, in lumber, building materials, in steel, in semi conductors, across industries and the economy. some of it will work its way out naturally. others, like with semi conductors require investments so we, quite simply make chips in america again and how can money fix it we need to incentivize companies to build companies in america, manufacturing facilities in america. >> you said aggressive action is needed to cover the chip shortage, what's t

commerce writ large is fascinating, but more important is what commerce does and what eda does in particular. so eda is the only really agency dedicated economic development and in the question is what does it really mean? we catch community is large and small. we touch can be whether urban suburban or rural. for the purposes of this conversation the work we're doing in rural communities, as secretary vilsack mentioned the federal government does a lot. we don't tell the story very well but when you travel communities across the country there is an eda contribution in so many different areas and i'll just tell you on my second day on the job i flew to norwood colorado and it was, going to use it as an example of what eda does. they are in collaboration not only with the local government which are critical partners to us but also with organizations like nato which a new connie you're part of it as well, as well as philanthropy. we come together and really look at what are the solutions from the bottom up? it's a delicate dance at times who should play the more prevalent role whether the feder

e-commerce seeing unprecedented growth amid the pandemic. companies want to give customers shoppers a bit more flexibility when it comes to making purchases, including expanding their crypto offerings, and enhancing digital wallets. joining me for more is jackie reses, ceo of post house capital . additionally, she serves as chairwoman of the economic advisory council of the federal reserve bank of san francisco, and is a board member of context logic and a few other companies. welcome back. jackie: good to see you. emily: good to see you too. by now the leader is the trend -- buy now, pay later is the trend everybody is talking about. how do you see the industry adopting this and evolving as a result? jackie: i would think about it as an invention of a form of money. you use it in your daily life , you have a lot of options for how you want to pay for something. and buy now, pay later is very effective, because it gives you flexibility on how to manage your cash flow. think about it creatively. instead of thinking about how much money each i

one guy is held because of the threat of interstate commerce but there are many people who have been accused of violence that day and had been released under house arrest with the same violent charges of those being held. all are proven innocent until proven guilty. you know there is evidence to engage in something violent they do believe have do deserve their day in court charged with conspiracy or interstate commerce and then to be held in solitary confinement that is completely immoral they should be released orst granted bail. host: your rally is getting allied of attention here in dc what you say to those critics who calll this rally in the attempt to whitewash the violence of january 6 quick. >> we condemn the violence everybody who engaged shouldhi be arrested the government is sitting at 14000 hours of video of that day should release all the video. these individuals could be held accountable. we are completely on the opposite side of violence we are a peaceful organization we had to events with no incident most would agree with you here our cause i don't think there's anybod

i appreciate my colleagues on the commerce committee. i know they know well. we've had a lot of discussions about the impact of covid-19 on our transportation sector. they know very well we've had to spend a lot of resources to keep the transportation sector moving. why? because we have to move goods and services and products and during covid-19 we had to move essential workers and product. there's no doubt that our transportation system needs to have keen oversight as it relates to moving in even a pandemic. and so that's what we did so i'm proud of the work this we did but it's not lost on anybody that covid-19, the deadliest pandemic in u.s. history, as of september 28, there have already been 700,000 covid-19 related deaths in the united states an over 43 million infections. in my state, 570,000 deaths and 652,000 cases. so the point here is we've been fighting this pandemic with all of these tools and no one has ever suggested the one that senator scott or my colleagues from the commerce committee saying that the president might do. that's not what he is

it is progressing out of just bricks and mortar into ear commerce -- e-commerce. they are back to pre-pandemic levels. others not so much. they are struggling with supply chain issues. obviously, the supply chain is longer. inditex gives it really tight. there is an inventory issue and they are not as involved when it comes to the e-commerce side. they've invested huge amounts of money in their tracking of stock , which is turned out to be a massive bonus. alix: the funny point is that the u.s. team said oh. is this the top. they do a good job with inventory management. can they do anymore with that. jelena sokolova, from morningstar investment service analyst, joins us now. >> it has been pretty strong. i've been thinking about the company moving back to its pre-pandemic levels by 2022. it can even, if the crowd funds continue, even accelerate. they have issues in the second half of the year, but if that trend remains like this and there are no further up lockdowns especially in europe, they may even manage 2019 levels this year. my initial assumption was that th

congress passes the interstate commerce act. because they're turning to a regulatory state. it becomes a model for hybrid of executive and judicial branch in a commission. they created a five-person commission to regulate rail roads and this commission was best removes from the wimbeldons of politics that the legislative branch might have so these are pointed positions to decide things to solve rail road disputes an expansion of executive power that is normal now but it was a turning point. this weaknesses and couldn't regulate. you had to have the wherewithal to bring a suit to the icc if you wanted to challenge something which obviously favored big business over small. rail road attorneys were the first corporate attorneys in the united states could tie up these cases for years. but even if the icc in its early years was weak, it created this press for this dominant form of regulatory government, the independent appointed commission. right. i bet you can think of a bunch of independent appointed commissions i wrote a book about one, dellingham commission, you may have thou

today, we have a chamber of commerce representative sounding the warning about the new indoor vaccine mandate for restaurants and shops. we will talk to an infectious disease specialist about the pfizer booster now being given out in the bay area and when the vaccine may get authorized for kids 5-11. first, we have new information coming out of the bay area. joining us now to talk about it is the san mateo county deputy health officer. thank you for joining us. now that the pfizer booster's are going out, how is it going in san mateo county? are you seeing a huge demand? do we have the infrastructure? any issues, challenges, long lines? >> fortunately, the infrastructure and supply is much better right now than it was six to nine months ago. pharmacies and primary care providers, community clinics, and we will still have our county vaccination clinic. they will not be the mad dash and low supply from back in february and april. there is now plenty of supply and you will be able to get it. kristen: if you are in one of those eligible groups. for folks 65 and up in long-term care situat

the primary permitting agency is the department of commerce, the bureau of ocean energy management. we are going to -- we are going to be on track for 30 giga watts by 2030 and 80,000 jobs. already there have been 1.7 million acres of off shore acres that have been leased. there are 17 commercial leases in the atlantic already. i can go through more statistics. the first commercial green light has been put for vineyard wind. we've got others in the hopper, plus importantly we're looking at the gulf of mexico also as an opportunity. we're looking at california as an opportunity. in fact, yesterday there was a very important announcement about two big areas that will be coming online for commercial opportunities. and today there's an announcement about north carolina and the first notice of intent for the first major off shore wind project in north carolina. so it's a behive of activity. it's a top priority of the president and gina mccarthy and our climate office here in the white house. >> thanks, david. governor jindal, we just heard a ton of activity happening all across the natio

james: e-commerce. [ laughs ] lemonis: e-commerce. okay? so where do you want to put your store on this street? james: the store is in their phones. lemonis: okay. james: on the website. lemonis: or on their computer. so it's pretty simple. you open up a website, you come up with the skus you want to sell, you bring customers in, you transact with them, you make the product, and you ship it. how easy is that? james: that's really easy. lemonis: okay. what are the products that you're gonna sell on there? that's the hard part. because if you walked into a store and they had one thing, what would you do? james: it was too bare. lemonis: too bare. so i want to develop these products. james: right. lemonis: okay? so i'll see you in a little bit. ♪♪ woman: ♪ we never asked for this ♪ ♪ but it's my time and it's your time ♪ ♪ and it's our time to get it ♪ lemonis: how you doing? james: good. how about yourself? lemonis: how was your trip? james: nice. lemonis: did you want to come out to l.a.? james: definitely. [ laughs ] lemonis

the primary permitting agency is the department of commerce and management. we are going to be on track for 30 gigawatts by 2030 with 80,000 jobs. already there have been 1700 acres that have been leased. there are commercial sites already. the first commercial green light has been given while we have others in the hopper. and we're looking at gulf of mexico also as an opportunity. we're looking at california as an opportunity. yesterday there was a very big announcement about two big areas in california that will be coming online for commercial opportunities. today there was an announcement about california and the notice of intent for the first major offshore wind project in north carolina. so it's a beehive of activity, and jean mccarthy in our climate office -- >> i'm really seeing a number of states run by republican and democratic governors really leaning into this offshore wind opportunity. how do you think about the opportunities presented, particularly coming from louisiana, who has such expertise. >> thank you, leslie. i also should have mentioned t

government, they are determined by the department of commerce and the dod's national defense strategy to be a strategic competitor of the u.s. and to be a foreign adversary. those are the two descriptions that we have formerly of them. the contention is to become a world leader in these technologies. their use of the technologies demonstrate that they believe control of being governed by their data is appropriate. one of the things, the data they are collecting on the uygers is really intimate. one of the things they collected, how often the front door opens and closes. i always think about it from a bill of rights perspective. if you contrite -- if you can track who i am assembling and what i am saying -- though through our bill of rights. do they have access to the data where they can track and trace me in a way that if they wanted to intercept those rights, it would be easy for them to, then ask yourself, what have they said explicitly? one of the things i admire about the exuberance, he states what he is going to do. he has faced world leaders, then he perceives -- proceeds to exe

the commerce department. it grew out of a meeting between a prominent african-american entrepreneur by the name of clive barnett who had a meeting with hoover contending it would be in the commerce department's best interest to develop a special program, a special programming aimed at african-american entrepreneurship. barnett's motivation for this was essentially during the 1920's, historians refer to it as a golden age of african-american business at pivoting in the united states. barnett made the point that the commerce department could help stimulate this by forming a special agency to deal with issues or promote african-american entrepreneurship. interestingly enough, when we talk about interest and the division of negro affairs, it was founded during a republican administration, continued through hoover, and was continued in the fdr administration and continued through truman. this division literally had bipartisan support. but again, when eisenhower came in, the division was discontinued. and in fact,

of raw volume at a time when we've been talking so much about how much of the economy, half-hour of commerce is shifting online you know, i don't know that absent a bombshell even bigger than this one, the revenue impact of facebook is going to be any bigger than that summer band what summer was that 2020 that everybody was supposed to be boycotting facebook? how did that turn out? >> it was a while ago. but jon, if facebook has to make changes to its algorithms to be less sticky, does facebook have a problem with it? isn't able to have the engagement with the younger kids to show them the ads so yes, there is a digital du opoly. amazon is on the rise. remember, they're on twitch, which is super engaging with younger viewers. i'm not saying advertisers are going to boycott we've reached out to dozens of advertisers and asked them and none of them said yes. so i think it's more about are you going to keep the users engaged cause that ultimately drives that revenue. >> fascinating question. as we mentioned, facebook's down more than 10% this month goldman sachs does reiterate as a buy. eric, i

commerce at large is fascinating. but more importantly it is what commerce does and what eda does in particular. so eda is the only agency dedicated to economic development. but is that really mean? we touched communities large and small we touched maze whether urban suburban or rural for the purposes of this conversation the work we are doing and rural communities secretary bill sackett mentioned the federal government does a lot. we do not tell the story very well. when you travel communities across the country there is a contribution in so many different areas but i will just tell you my second day on the job i flew to norwood colorado going to use that as an example of what eda does. they are in collaboration, not only with the local government which are critical partners to us, organizations like nato, i know connie you are part of as well. as well as philanthropy, we come together and really look at what are the solutions and the bottom up? it is a delicate dance at times who should play the more prevalent role

when they have an enterprise that's too big to fail commerce party can determine how bad things are they have the power to decide who'll feel the pain it allows this whole collapse. president xi made a mistake here but it's not the end of the world. in the end the evergrande fiasco is bad news for market i think it's systematic risk i think it's an opportunity but i expect more pain as it shakes out. just because i think it's an opportunity does not mean i am saying it's an opportunity now at the moment you should focus on companies that are going through the covid bill and come out on the other side. unfortunately, so many of the older companies have seen the stocks were even as businesses may be falling here, they got too much exposure to china china is going to have a slow down because of evergrande we need something that can thrive some people say that could be adobe, just reported, it was a clear beat raise with a bit of hair on it the stock got hit anyway it has been a consistent pattern before every single run to the upside adobe comes down, the decline lasts two days and you buy

transmission planning, supply chain, workforce development efforts, as well as the new bid for the marine commerce terminal, first in the nation's facility designed specifically for offshore wind. we would like to hear more about that. so, just introductory us from all of you. david, i will start with you. the u.s. is really poised to make major investments in infrastructure to address climate and energy goals into the biden administration has also set a very ambitious target for deploying 30 gigawatts of offshore wind in this country by 2030. only nine years away, but obviously no small task. a lot of questions around sectors and stakeholder groups from fishing to electric modernization and vessels and ports. the list goes on. can you describe what you're thinking and the biden administration is thinking how to prioritize these actions, and how does this align to words that 30 gigawatts mold? >> thanks, leslie. and thanks so much for having me. i'm excited to be joined by bill and governor jindal as well. so, this is the huge priority for the biden administration. obviously, the president talks a

we work with e-commerce businesses in the u.s. to ship their product from the warehouses to the end customer. our customers are affected by what ed was talking about because they cannot get enough inventory into the country right now. when they are shipping from their warehouses to the end customer, they are having other trouble along the lines of shipping providers are at capacity. we are seeing delays especially ahead of time the seasonality coming up. hope we have been doing, or what we have been advising our customers, that they have backup plans, access to multiple shipping providers, and that they are able to connect as many different shipping fighters as possible to be able to still reach their customers on time. emily: anecdotally, obviously, things are late, unavailable, things arrive and are damaged. how do you expect things to play out this holiday season? will things work themselves out by the end of the year or not? >> i think we are expecting all of the shipping providers to be at capacity and we are expecting custom