marriott has a fantastic offering, obviously. but they're better value than some of the other hotels they're trading at 13 times. rigs it's actually pretty attractive right now >> concerns whether we call if an actual session, a technical session. the lots of real consumer income growth >> that is an issue obviously. and it benefits from business spending where you have less it's not quite as elastic. but even there, you're hearing company as that are reducing their travel budgets as well but marriott is a beneficiary and again, they have good balance sheet. and they're getting both business travel as well as individual travel and their balance sheet is good. >> let's turn then, sticking with the hotel space but to choices hotels down 25% this your and they recently announced an acquisition of the hotel brand is that deal part of the attractivenesses >> absolutely. and they have an extremely strong balance sheet they're probably one of the best in the industry. they're in a position to take advantage of the volatility and expandi

marriott's plans to open new hotels in russia are now on hold. the latest national jobs report shows a slowing and hiring across the nation. it is a slowdown that some attribute to inflation, but it's ktvu is, tom baker tells us this is still the best time in half a century to be looking for a new job here in california. california's latest unemployment rate is 4.6. it's usually higher than the current stellar national employment rate of just 3.6% 3.6% nationwide. um by any historic standards, is a alone right labor lawyer and former head director michael bernick is a top expert in all matters regarding workforce. the national job gain of 390,000 last month is below the average of some 550,000 monthly job gains over the past year. it's also the first time under 400,000 since april of last year. this suggests that the predicted slowing of the economy is real. at the same time, i would note that this number 390 thousands above. the average 12 month average prior to giving currently there are some 11.4 million jobs open nationwide 1.3 million of tho

marriott plans to open new hotels in russia are now on hold. the u. s and south korea launched a ballistic missiles into the sea, responding to north korea's weapons demonstration a day earlier, south korea's military leaders said the drill was a show of ability to respond quickly and accurately to north korean attacks. yesterday north korea launched eight missiles one day record for north korea. yeah today is the 78th anniversary of d day. the invention of france and normandy by allied troops in 1940 for world war two veterans gathered in northwestern france for ceremony honoring the thousands of men who died that day. i mean, i'm 97. now that we think about that all those poor lads didn't get off the beach that day. i was there. yeah, yeah. last day. more than 4400 soldiers were killed on that first day of battle. this year's d day ceremonies came after two straight years of pandemic restrictions on visitors. the back of the opening bell. all smiles when we brought this to you live at 6 30 today. trading has been underway. since about 6 30 markets a

he is the ceo of marriott international. anthony, good to have you. thanks for taking the time. >> thanks for having me, neil. >> neil: let's talk about what you were saying the other day. great confidence in the resilience of travel. that's probably an understatement but deies all the team that people would slow down. they're not doing it when it comes to travel. why not? >> they're really not. i think there's extraordinary pent up demand for travel. obviously the events of the last two years around the pandemic are unprecedented. and i think it reminded folks of the power and the desirability of travel whether to explore new places, get together with friends, family, business colleagues, the volume of pent-up demand we've seen even in the face of some of the economic head winds that you described has been remarkable. >> trace: i notice airlines are saying the same thing from jet blew to southwest, delta. if you know, they also recognize higher fuel prices. they're able to pass it along to passengers for now are willing to pay. how long you see that

marriott plans to marriott's plans to open new hotels in russia are now on hold. now is 7 38 election day, just two days away, and there are a number of statewide issues and local races of major interest californians. will be voting in primary elections for governor, lieutenant governor, secretary of state attorney general controller, state school superintendent and our insurance commissioner and voters will be choosing their party candidates for congressional seats and two u. s. senate seats. there are also local races, including the measure to recall san francisco's district attorney chase a boudin a change in the business tax structure in oakland and contra costa county's dis attorney and sheriff. every voter has been mailed a ballot, which you can mail in or drop off at a polling place or you can simply go vote in person. happening today, the u. s postal service is holding a job fair in berkeley. it's looking to fill some 100 positions involving all aspects of delivering the us mail. salaries of those jobs range from 17 to nearly $24 an hour and the postal ser

and john about building the marriott and billd marriott built 72 hotels while i was mayor, nobody could believe so i was operating on things that i knew to be happening and when he was mayor, we averaged $5 billion a year in new investment, building permits. 5 billion a year is some total of all investment that goes, the whole country. there is a nation in europe that's grown like we have grown. i don't take credit for it but i sure am proud of it. [applause] >> we talk about the event away and we talk about 1946 for conference at the ymca. 1951, you hear the parents they have more rights in atlanta. he moved to atlanta in 1961 and worked with doctor king and 20 years later, where we are now having host the olympics, busiest airport in the world, is that what the atlanta way is, your first impression and what you see now? >> the event away didn't happen until about 60, 59, 60 it was, i'm in allen's -- maybe go back a little further. i don't know what year that was but one heart feel lost and he lost the election because he gave delta a free pass to come to atlanta and offered them all t

marriott plans to open new hotels in russia are now on hold. protesters are outlining their demands for the oakland unified school district as they continue to occupy an elementary school closed bio usd next on mornings onto the nine we're live at parker elementary to learn what it'll take for them to end their protest. also had new ways to fight the ongoing drought by squeezing more water from the clouds. the new lengths some scientists are going to in some scientists are going to in an effort to bring more rain. when big tobacco's products were found out to be killers, they promised smokers safety. they called it a filter. but this filter wasn't safe or useful, just small and made of microplastics that have endangered us all. for far too long, they have polluted the earth. they're literally everywhere. there's no need to search. big tobacco, you'll have to answer for your despicable ride, for your wake of destruction. your one little big lie. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? h

. >> and marriott has been out we'll talk to the ceo about his take on the state of travel. what are the main highlights with a new n 2 chip and the company is jumping on the buy now and pay later program. joining us now is collin what is the big headline for and the chip issues are there. they are doubling down on products we look at some of the chatter out there and i think this is really them focusing on software and privacy. >> is there anything that you didn't get that you were expecting to get maybe more on the arbr front out of today >> yeah, arbr, we have to see how the conference plays out that is one where i expect maybe you to highlight that. i think they're laying bread crumbs for what the strategy will be. >> down 18% for the year, how much do you care about the software updates hardware is where the renew driver is, but it's important for the eco system, right? >> i care quite a bit. if you're a holder of apple you care that the ecosystem remains in tact. there is 30 million developers tuning in. so they pay, and you great hardware and inknow va tiff applicatio

and the meeting i had with bill marriott and john pullman about building the marriott marquee. you know, and bill marriott ended up building 72 hotels in atlanta when i was mayor. that's the kind of growth that nobody could believe, see, so i was operating on things that i knew to be happening and, but even i would not have believed, when kassim reed was mayor, we averaged $5 billion a year in new investments. i mean, buildings permits. $5 billion a year is the sum total of all of the investments that goes into south africa, the whole country. in the nation in europe that has grown like we have grown, and well, i don't take credit for it, but i sure am proud of it. [applause] >> well, you talked a lot-- i'm going to get to you, don. you talked a lot about the atlanta way and you, in our many interviews, talked in 1946 you game here to a conference and the klan marched down the avenue. and 1951 you were here with your parents and driving on ponce delee leon, and he showed down because he felt the rats had more to be here. and look where we are now, we hosted the olympics and the

marriott plans to open new hotels in russia are now on hold time now. 5 18. queen elizabeth of england made a surprise appearance to wrap up festivities celebrating her 70 years on the throne. there she is, and this was just the third time he made a public appearance during the four day platinum jubilee. the queen is 96 years old, reportedly having mobility problems and complained of discomfort, which limited her schedule earlier in the event hologram version of the queen at a younger age appeared in the golden carriage. brought her to her coronation 70 years ago. yeah now. today is also the 78te invasion of france by allied troops back in 1944. world war. two vets like this gentleman gathered in northwestern france were ceremony honoring the thousands of men who died that day. i mean , i'm 97. now that we think about those poor lads didn't get off the beach that day that i was there. yeah, yeah. last day. so how more than 4400 soldiers were killed that first day of the battle. this year's d day ceremonies came after two straight years of pandemic restriction

marriott's ceo says hotel rooms are 25% more expensive than before the pandemic. >> this week marks a first for the golden state. the inaugural, california state parks week kicks off tomorrow. the state department of parks and recreation will host a series of in-person and virtual events honoring the state's 279 parks similar to national park week. california has the oldest state park system in the nation with 1.3 million acres, including more than 340 miles situated along the coastline. officials hope that this week encourages people to visit the golden state's great outdoors. celebration runs through saturday. we do have some beautiful. all we do the best. all right. that wraps up kron 4 news at 6. we'll see tonight at 8. have a nice evening, everybody. it's started. somewhere between a cuddle and a struggle, it's...the side hug. tween milestones like this may start at age 9. hpv vaccination - a type of cancer prevention against certain hpv-related cancers, can start then too. for most, hpv clears on its own. but for others, it can cause certain cancers later in life. you're welcome

what an nascar weekend looks like, but obviously we won't get to race into that part of the country marriott at the part of the west coast, they can come out and really enjoy and have this route. >> reporter: and since the stands will be at full capacity, fans can connect to have a fantastic time with talented drivers and amazing raises, but also as far as covid protocols go, they are not requiring masks or proof of vaccination. show up, have a great time, but don't forget that it is going to be really hot this week, so you still want to be mindful of that. they still want to make sure that fans will be safe, drink plenty of water, where you're censoring, and enjoy. >> advised there. you have been talking about is the stoppages are going to be so hot. >>> yeah, reaching into the 90s and even triple digits today. up to about 94 tomorrow for a lot of our in land areas, and that much cooler on sunday. reaching 80 degrees, then we will see sunshine in the forecast. also cooler in san francisco, marcus. >> thanks. i want to thank you for joining us for the midday newscast. next we will go to to 5

you mentioned some of the big nasdaq 100 laggards with docusign and marriott. percentage basis bad in the overall picture. we want to focus more on the market cap perspective heavyweights with the nasdaq and 100 and s&p 500, these are the stocks with the impact on what happens with trading today at the index level. we look at apple and microsoft and alpha bobet and amazon and tesla. 2.5% loss for apple. 3% for alphabet. 3.5% for amazon. tesla down 3% as well. if we look at percentages. that's the mega cap technology and adjacent trade that will drive a lot of the market action in the nasdaq. also, when we talk about the rising rate environment, financials are in focus. a rising rate environment and we should do better we have not seen that materialize. in trading today, no surprise perhaps in the down market that jpmorgan chase is down nearly 2% 2.5% for bank of america citigroup down 2%. morgan stanley and goldman sach posting losses tech financials not doing well with if you look at some of the outlooks that have come from wall street over the past weekend, g

in san martin, marriott favreau, nbc bay area news. >> thank you. an important milestone for pta. just one year after the mass shooting there. bus drivers are hitting the streets. five women are among the new class of bus operator trainings graduating from a nine week program today. bta says it wanted to create a more diverse workforce, and provide more well-paying jobs for women. >> the job that we together helped each other through the training and it was a very good work environment. as well as our available coworkers, but it was good to see the other one in here as well. >> the bta board of directors recently approved an increase in the starting salary and wage progression for bus operators. already, let's bring in jeff, and this is where the change is going to happen, right, jeff? we've been in this warming trend and albert sutton is going to be get the sweater out again. >> for parts of the bay area, certainly so. we've been up and down all over the place, the past six to eight weeks. this is another unusually cool system. that is going to be heading our way, so let's get a

all the big marriott and hilton hotels are around there. it's also more common to see california-style neighbourhoods in kona, places where you feel like you're living in an american west coast city. the houses are big and fancy, and the urban layout is very american. it creates a dichotomy, in a way. hilo is the real hawaii, the original hawaii. this is where you'll find big island natives, people who were raised as hawaiians. (singing happy birthday) - yes. you have to make a quick wish. we make do! (andre-nicolas chene) you could think the quality of life in hilo isn't very good, since it gets all the rain and humidity, along with all the mould that comes with it and other such inconveniences. but kona has a problem of its own. there are two craters currently erupting right now in the kilauea volcano. they're smoking as we speak. the dominant winds, the same winds bringing in the humidity from hilo, blow the smoke towards kona. so there's much more volcano pollution over there than there is here. when the winds turn, we get the sunshine,

okay, many thanks for that update zane, bizarre avi there for us and keith the marriott hotel chain is the latest international company to say is going to suspend all operations in russia due to his invasion of ukraine as, as restrictions imposed by the u. s. the united kingdom and the you make it impossible to continue to run hotels in the russian market. the company has been operating there for 25 years. nearly 1000 companies have announced their curtailing their operations in russia and many have completely left the country. south korea's military says north korea has fired at least 8, a short range ballistic missiles off its eastern coast. the projectiles appear to have landed outside japan's exclusive economic zone. is pyongyang, 18th launch this year. japan's prime minister says the missile test can't be tolerated. so stay, that was over. what was the height did better since entering this year, north korea has repeatedly launched ballistic missiles, including the new icbm, a series of north korean actions threatened the patient, stability of the region and the international commu

ortiz, roman coast, rif spoke with a family serving in the as of battalion who were captured at the marriott pl as of style steel plants. and now being held in captivity by russian forces. oh, we are at one of the points here in the nest people's republic where the captives are held. this is one family, it's a mother son, and the father. the son is 18 years old, 0. he's an active soldier, the mother and she told me is a medic and the father is a driver. now i was allowed to speak to these people, got crumbs with no said sir. ah, you have sugar broiled. why should mrs. clint my son wishes to and i feel okay, the treatment is appropriate. there haven't been any incidence, at least involving myself. nick, nick, ne. heritage said, your printer, the brother machine. yeah. the official flim, it's hard for me to answer. that means that i thought that no one will survive at all, that we would all die there at the as of still slightly of the most part of the decision was made to save lives and avoid unnecessary losses. so i believe it's the right one. but on the other hand, of course, it's a blow to

the marriott hotel chain is the latest international company to say it's going to suspend all operations in russia due to its invasion of ukraine. it says restrictions imposed by the u. s. u. k. in european union, make it impossible to continue to run hotels and the russian market. companies been operating there for 25 years. maybe a 1000 companies have announced their current telling their operations in russia, and many have completely left. the country. south korea's military says north korea has fought at least 8 short range ballistic missiles up its eastern coast. the missiles appear to have landed outside japan's exclusive economic zone. is young young's 18th launch this year depends by minister says the launchers cannot be tolerated when it came a day off to south korea and the united states held joint naval exercises and international waters of the japanese island of okinawa, military officials said the 3 day drill aim to bolster their alliance is readiness . what they called north korean provocations. soon as he has judges will go on strike for a week after president chi side dis

which we have enough of and we will strike those targets, which we have not yet been hitting well, the marriott hotel chain, as the latest international company to say is going to the spend all operations in russia due to its invasion of ukraine, says restrictions imposed by the u. s. the u. k. and the e, you make it impossible to continue to run hotels in the russian market. the company has been operating that for 25 years. nearly 1000 companies have announced that could curtailing the operations in russia. and many have completely left the country south korea's military says north korea has fired at least 8 short range ballistic missiles off its eastern coast. i believe to have landed outside to pounds exclusive economic zone. lord is the 18th by pyongyang this year . japan's prime minister says the missile task can't be tolerated. so she did, i did better since entering this year, north korea has repeatedly launched ballistic missiles, including the new icbm. a series of north korean actions threatened the patience to polity of the region and the international community and cannot be forgive

the end of this month, is more than 5 times the cost before the times that make, for example, while marriott hotel chain says that over memorial day weekend, the company's revenue per available rule was up about 25 percent in 2022, compared to 2019. let's discuss all of this. i'm joined by caroline bremner. caroline is the senior head of travel research. you're a monitor international. she's joining us from scotlands capital at ambrose. welcome to the program caroline. so what do you think is driving the rebound in the travel and tourism sector is despite that raising prices of tickets and hotel rooms that i've just been talking about? well, i think, as you mentioned, and it's very much driven by a consumer demand, and that's being very pen talk during the pandemic. so we've had 2 and a half years where, you know, consumers were confined to their houses that were under travel, benz restrictions and, and only very recently have government started easing back on those. and currently there's $46.00 countries around the world that have no restrictions. the tall according to the end of the t. o.

prolonged war of attrition in the east of ukraine in the coming months. victoria gates and b al jazeera marriott hotel chain. it says it suspending or operations in russia says restrictions imposed by the u. s. u. k and european union make it impossible to run hotels in the russian market. the company has been operating there for 25 years. the 1000 companies have announced that ending or stating back the operations in russia. north korea has fired at least 8, a short range ballistic missiles, office, eastern coast, japanese media, se the missiles appears and landed outside is exclusively comic said it's come young's 18th march this year came a day off, the south korea and the united states held a joint naval exercise and international waters of the japanese island of okay, now is it true? officials said the 3 they drill aimed to boast of the allowances read in this form . they described as north korean publications. several people have been detained in hong kong, off authorities band, public commemorations of $989.00 gentlemen square massacre for 30 year running rights groups faded attentions ar

the fact that, you know, we're being told that the price, but our respect to marriott is much less than it would sometimes $2.00 or 3 girls. it gets married and it's 2 or 3 miles to feed in the house as well. so these are some of the drivers that are these into the child marriage in some of those areas. s g m, is the pretest marriage, the more getting cut them, it gets cut younger in order to get child married. married later marriage was 20 migrants and refugees have been on dead in the libyan desert. 2 weeks after all, contact was lost with the group. the bodies were found by a truck drive in the border with chad. libya has become a major transit points of migrants and refugees hoping to reach europe often through dangerous journey across the mediterranean sea. a criminal investigations been opened in the united states after 50 will. michael found dead in a truck in texas. they were discovered in the abandoned vehicle on the outskirts of some antonio on monday. officials say it's the greatest loss of life all wrinkled from a human trafficking attempt in the u. s. manuel rap alone has m

marriott had already closed corporate offices in russia, but this is taking a step further. the chain is providing housing to ukrainian refugees and donating to relive organizations tonight, a vigil to call for the release has been pouring in. briner has been detained since leaders calling for the federal government to stephanie for her release. kumasi: today, jill biden will be at grand canyon national park. tomorrow, she will be giving the keynote address at los angeles city college commencement. dr. biden currently teaches english and writing at north virginia community college. reggie: masks returning to the classroom, now required for the final two leaks school in sacramento. the district lifted its mandate just two months ago, but cdc data currently shows a high transmission rate. kumasi: covered restrictions easing in beijing today. workers allowed to return to offices. restaurants can resume dying in services. schools also resuming in person. museums, theaters, entertainment venues open but capacity cap and 25%. reggie: workers at a starbucks and abstain new york --

marriott had closed in moscow and paws on opening new hotels. the hotel chains that it is providing housing to refugees and are donating relief to organizations. a prayer vigil scheduled to call for the release of all-star whitney greiner. she has been detained in russia since february, when she was arrested in an airport in moscow. authorities accused her of having hashish oil in her luggage. her wife is asking president biden to intervene. kumasi: first lady jill biden will be filling content for national geographic. the first lady is a lifelong educator. she teaches english and writing at northern -- northern virginia community college. reggie: starting today, masks are going back in the classroom. they are now required for the final few weeks of school in san francisco. a high transmission rate in the san francisco area. kumasi: covid restrictions will be easing in beijing. restaurants can return to dine in services. schools are reopening with classes. museums, theaters and other venues will be open. reggie: workers at a starbucks claim thei

american up 4.5%, and marriott up. but i think the overall theme on the day, similar to yesterday and so many days this year, volatility. alix: also that reopening point as well. thanks a lot. abigail doolittle joining us there. coming up, it was a rough few days after going public last week. we are going to talk to the ceo of polestar. join us for that next. this is bloomberg. ♪ ritika: this is bloomberg markets. you are looking at a live shot of the principal room. coming up, the morgan stanley chief u.s. economist. in time, new york. this is bloomberg. keeping you up-to-date with news from around the world, here is the first word. nato is set to label china as a systemic challenge when it outlines its new policy guidelines. merck has also learned the u.s.-led alliance will highlight beijing's deepening partnership with russia. still, nato will not go so far as to call china an adversary. in san antonio a hospital has confirmed the deaths of to bring people found in and examine symmetry. that brings the death toll

democrat michael will face republican brian marriott and a veteran christopher rodrigues among others. and katie porter facing unfamiliar voters and a new district. republican scott ball substantial backing. and also in california at the los angeles virus rate with karen bass not seeking reelection to congress and facing off against real estate developer caruso who has surged in popularity, with the police officers to the crime plagued city. new mexico, several republican squaring off with the state's need for burner security, and the democrat governor michelle lujan grisham on later this year. and in new jersey, newly gone electoral map has left more than 1.4 million residents in new districts. republicans there are highlighting the failure of democrats in washington looking to make gains over several districts. marine veteran nick digregorio will face frank pallotta in the eighth district and democrat representative josh gottheimer. congressman just ran through a republican and paper to hold his spot at the top of the ticket in the second district. unlike 2020 progressives in new je

the marriott hotel chain is the latest international company to say it's going to spend all operations in russia due to its invasion of ukraine. it says restrictions imposed by the u. s. u. k and european union. make it impossible to continue to run hotels in the russian market. the company has been operating there for 25 years. opposition is growing in tennessee or to the presidents plans to change the country's constitution. i said such a government suspended parliament and gave himself power to rule by decree. justice in the capital accused him of staging a key south graves military says north korea's find at least 8 short range ballistic missiles of its eastern coast to come to day after the south end, the u. s. l joint level. next slide, china has just launched 3 astronauts into space on board. it shows you 14 spacecraft, the crew spent 6 months working on living on the core module of china's unfinished young orbiting space station. the astronauts will return in december. for more bodies have been recovered after an underground explosion of the coal mine in columbia brings the dea

they were captured to britons and then moroccan, also foreign fighters who had been captured close to marriott pole were sentenced to death by a court in that breakaway republic. that is a case being appealed. it has no standing in international law whatsoever. they were sentenced to death for being mercenaries and other terrorist related charges. it's not clear at all whether or when they are going to face any kind of charges. we have heard repeatedly from the russians they consider all foreign fighters here to be here in ukraine on the ukrainian side to be mercenaries. the upshot of this interview, it indicated that he managed to slip in he had been roughed up, he had been beaten a few times. he also said he had been better treated more than he had been mistreated. he was also able to signal he wa s in reasonably good health. he'd only been fighting for one day when he was captured. that's what he claimed in his interview. michael tapia freed soon. thank you very, very much. >>> another internationally as per the israeli prime minister and his key coalition ally, the foreign minister have ag

a gift card to marriott for two nights. [ laughter ] >> i only stay in hilton. >> chelsea: give it back to me, i'll use it. guillermo, do you want to use this? >> guillermo: sure, yeah. >> chelsea: here, i'll put it right here. >> okay, i'll get it after. >> chelsea: okay, thanks. guillermo gave me a little bit of tequila before the show so i'm a little bit off balance. tell me about what you did with -- i know that you got a bunch of animals once by accident? in vegas? did you do that? did you get a bunch of animals once and drive them home? >> when i was 19, i went to vegas, this exotic pet store. i bought a goat and two parrots. >> chelsea: on a whim? were you wasted? >> no, just in the afternoon. [ laughter ] then i went to the airport and they're like, you cannot bring these all on the plane, this is not a traveling zoo. i had to literally get in a limo with all these animals, driving in six hours of traffic, because it was new year's, home to l.a. with all these pets. . >> chelsea: i -- that's pretty funny. did you keep those pets them? >> i kept them. the goat is at my ranch. it

marriott is up 5% today. and we're seeing meta surge. there's no catalyst specifically for the company but it's going higher with broader tech after plummeting 50% over the past 12 months we have several software players, okta, docusign, datadog as examples. and then software etf over 2.5% higher but flat on the month we also have some semiconductors positive today but just barely making it on the week. semis only up half a percent on the week. lastly, lucid motors the biggest drag but only down 1% followed by moderna, biogen and gilead, about a half percent lower >>> for more let's bring in our market panel joaning us, joanne feeney and brian jacobson good afternoon to both of you. joanne, do you trust it? would you be buying? >> well, yeah, sara. clearly it's looking like a market that investors are seeing how many interest rate hikes are going to have in the future. long-term inflation expectations are down so it could be we're seeing the 10-year at a reasonable level a lot of the valuation pull-back we've seen since november might be

i was alarmed when i read that autobiography but by that time were already sections of marriott is in the park and all across the country. he was already considered the godfather of gynecology. he was praised by men of medicine hand yet if you read his words, not the words of black women describing the horror and terrorism he inflicted on black women's bodies but his own words and how you believe black women did not feel pain that he would cut into their bodies deny them any kind of relief. but it is this perfect storm of the building of gynecology as this perfect storm of the coming of the civil war. at least people like a ratio and others to like about the urgency of white women's spreading their employees north, east south and west. abortion becomes an expedient political tool for the men of medicine to the to shut women out and you see it quite directly in their writings they lean into medical organizations and legislation , legislators are quite keen on preserving slavery. who are quite concerned about the kind of terminology that we're hearing today, replacement theory. this not

marriott, disney, expedia -- [laughter] but i get nervous when you say things like disney and expedia, because, hey, what if people look at the price of entry at disney world and say that i can no longer do because i'm paying so much for food and fuel? mark? >> yeah. so, liz, no doubt that that will eventually start to show up in the earnings of companies like that. disney's also, you know, involved with the streaming wars which can be challenging. but travel and leisure is expected to remain pretty strong certainly through the end of this summer period. but i would start to look again at those companies as we get into, you know, later quarter earnings. we mentioned expedia in part because they own brbo, and as -- vrbo, and as people are looking at cost of buying homes continue to go up, heir going to look to rent. so we see some strength in that area as well. liz: evan, before we go just give me your with sense of how it is possible that we could even talk about stagflation when we have such a great stock market -- great jobs market right now. >> oh, yeah. when you look at what makes

through it and if you think about the consumer spending, spending on places where you get a big dividend, marriott hotels, costco, airlines looking better, more importantly traditional caterpillar, john deere, all those companies pay a nice dividend. charles: i have noticed a big shift in these earnings reports get return to investors, 10% dividends now maybe 50/50 even corporate merck seems to be getting that message. let me ask you about escape velocity. this notion that we need escape volcker velocity to break out of this downward pattern. do you believe it? >> i don't, escape velocity basically means there are certain forces holding down the economy whether it's high inflation or high cost and there was a period of time where that exactly happened. i don't think that's the case right now. the difference is employment. employment under ben bernanke was 6% and now it's 3.5 by the next unemployment report. now don't get me wrong. inflation is costing more than it is to live for sure, but you're getting a healthy increase in wages with 3.5% of the population, unemployed which is the lowest in hist

specialist site forward keys shows international bookings for the summer at 20% of last year's levels marriott and hilton told me they are seeing very strong demand. >> i think we'll have the biggest summer we've ever seen in our 103-year history this summer. >> the forward bookings look extraordinary really everywhere but greater china. >> joining us now, ihg resorts and hotels ceo you are on the panel yesterday and feeling quite bullish about the consumer what are you seeing? >> i remember at the height of the pandemic we were talking about what the future of travel is going to be and travel is back i don't think we should be surprised about that at all. when you think about the impact of the pandemic on the consumer, it was the greatest demand suppression event our industry has ever seen. people couldn't travel, they couldn't leave their homes, but it was a demand creation event for goods. so people couldn't travel so they bought a new television, renovated their home and now as things normalize, demands are normalizing. going back into services, going back into travel. >> you're explaining

hotels sliding marriott, hilton, hyatte, wyndham. cruise liners, carnival, royal caribbean, norwegian down 10 to 12 percent. norwegian down nearly 13%. the sell-off comes as the industry was finding its footing again and getting some good news. covid testing for international travelers entering the u.s. expired yesterday morning. let's go live to madison at newark liberty international airport and find out how that's being received and how things are going. madison? >> it is great news for travelers coming in from international destinations. the bad news, as you can very clearly tell is that i lost my voice this past weekend at my college re union, but i saw some international friends there. they had to get the test because this rule only went into effect yesterday. so all the travelers behind me who have flown in from international destinations, this is the international terminal here at newark, none of them needed to get that test, within a 24 hour period. it alleviates a ton of stress and honestly travel industry experts are hopin

marriott had already closed its corporate office in moscow and paused opening any new hotels. this takes it a step further. the hotel chain says it is providing housing to ukrainian refugees and has donated to relief organizations. all right turning now to the weather and those windshield wipers were needed this morning for drivers in sausalito. this is what it was like driving down highway 101 people in the rockridge neighborhood of oakland woke up to these wet streets there was enough rain to even make some puddles along the gutters there. spencer joining us and i mean we got a smile we're not used to this at this time of year, but we'll take it for sure. you're right certainly not this time of year, but the way things have been going the last couple of years. we're not used to this at all so we can use which is obviously going to have some impact on reducing fire concerns, but only in the short term, so let's look at what's happening right now. you may have noticed not only we had did we have rainfall today, but it felt muggy out there. we had really high humidity and it's

right now, running in second place here, very distantly, brian marriott. this is was his opponent in the 2020 election. again, what is going to decide which republican emerges here to face 11 in the fall, it's probably gonna be that same day vote. the same day vote tends to be much more republican in the mail vote. but we do have most of the votes and now, just in that one batch, that mail batch from the 49th district of california. again, when all of the votes are counted here, it's gonna offer us a little bit of a preview, because again, republicans, democrats, run together on the same primary ballot in california. the top to advance the general election. we have some numbers from the 49th. we also have some numbers from the 13th district. this is a democratic seat here. an open seat actually because of the incumbent here, josh hart, or left to run in a different district. you have a member of the state legislature here. a democrat leading with the mail vote we have seen come in so far. you've got a farmer, duarte, he's actually endorsed by kevin mccarth

in another, "strained legal arguments without married to mike marriott." an obvious misreading of the constitution. the rejection of president trump's litigation efforts was overwhelming. at 22 federal judges appointed by republican presidents, including ten appointed by president trump himself, and at least 24 elected or appointed republican state judges dismissed the president's claims. at least 11 lawyers had been referred for disciplinary proceedings due to bad faith and baseless efforts to undermine the outcome of the 2020 presidential election. rudy giuliani had his license to practice law suspended in new york, and just this week a newly filed complaint will potentially make his suspension from practicing law in d.c. permanent. as we have just heard from perhaps the most preeminent republican election lawyer in recent history, the trump campaign's unprecedented effort to overturn its election laws in court with the deeply damaging abuse of the judicial process, as stated by u.s. district court judge david carter, this was "a coup in search of a lega

this week the ceos of marriott, hilton and ihg explained why it matters so much. listen >> if we got rid of the testing requirement, i think you'd bring a lot more international travelers in those travelers not only come here, but they spend a lot of money. they spend more than domestic travelers. >> for folks that maybe are not particularly experienced international travelers, it's one more thing that gives them pause. >> travel stocks not really getting a lift from the news today, actually underperforming in the sell-off. to tie it back to the inflation, airfare prices are up 20%. we'll see if demand pushes the fares even higher. it does eliminate the burden to think about that you could get stuck abroad when it comes to booking international travel. >>> take a look at technology. steve is here to look at the mega caps which are dragging down tech. steve. >> bad day for big tech. let's start with apple down about 3% today they came off their wwdc developers conference on monday and bad news out of the uk today saying that their app store policies around cloud ga

we have been looking at marriott with hotels because people are still going to be looking to take vacations. they may be cutting them back a bit because of the higher cost, but the fact is people, after the pandemic, people want to get out there. and that's a very, very important thing. you know, trying to get back to some teach of normalcy. and for those who were looking to play in the energy secretary to have -- sector itself, i've been liking halliburton as well as exxonmobil. even the costs of doing business are going up, exxon is the biggest, and they should be able to weather it the best. liz: halliburton's getting hit, down about 4%, so you'd be buying, certainly, less than yesterday, same with exxonmobil. peter, we rarely, if ever, bring the same guest back -- [laughter] let alone in the same month, but the same week? you were just on, on wednesday, but something just struck me that you said very crftly, we are no nowhere near peak inflation. then we get this number. do you anticipate an intra-meeting rate cut, almost an more than type of situation or a 1% hike rather, a hike in int

the biggest sales growth in pfeiffer years and it's playing a role in consumer sentiment in china and marriott down 2.5, and overall, hotels are lagging on this concern about a slowdown in consumer spending it's down 18% in the past three months and you can see other hotels also trending downward. we can't talk about the nasdaq without bringing up semiconductors and we have qualcomm, and skyworks all struggling today and the sox, the semiconductor etf tracking for its worst calendar quarter since 2008. let's talk good, moderna, docusign and the biggest winners on the nasdaq. moderna's valiant vaccine appears to work against omicron sub variant and dan spring springer stepping down and the stock is up over 5% and lastly, several software and cyber names that are top gainers so far like intuit, okta, autodesk all trading above 2% or more, but they're all still between 40% and 70% off their most recent highs, so unfortunately, they have a long way to go. tyler, back over to you. >> kristina, thank you very much let's go to rick santelli in chicago as the bond market reacts to chair powell rick >>

marriott hotels eventually bought howard johnson's and sold off the properties. only a few howard johnson's restaurants remain. but the last one in new york is now closed. there are still about 3300 that is 300 howard johnson hotels. including san francisco and berkeley. and a new rooftop restaurant is coming to san francisco and promises culinary entertainment and nightlife experience. the restaurant at the salesforce transit center park will feature a japanese sushi bar and tapas. it will also sell three tiers of memberships that will offer access to there's the rendition , the top level private lounge of the restaurant members only menus and celebrity chefs and cooking experiences as well as a concierge. the show group is behind this project, which includes investors from salesforce. twilio dropbox and doc, you sign that rooftop lounge and restaurant is expected to open sometime next year. i'm pam cook. that's a look at your dollars and cents. let's find someone who is a member and go there. all three of us, let's do it. speaking of going places i am so excite

marriott, al qaeda come, micro chip, csx bookings holdings , got it. here is what's coming up for you bidding wars, common for new homes, got that, but now, they're hitting renters too. we've got the story. every branch of the military struggling with recruitment. you've got to wonder if it has anything to do with woke stunts like this one from the navy? the governor of new jersey denies that he's running for the presidency in 2024, but that's not what it looks like. roll tape. >> i worked hard and the american dream worked for me but today that dream feels distanced so we got to work. we're rebuilding the american dream in new jersey. stuart: i have to live there. larry kudlow knows governor murphy pretty well. larry is going to react to that after this. have a nice day ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's port

i don't know the local marriott and say we'd like to hold our annual conference here. the merits gonna say you have every right to assemble, but why you assemble somewhere else because we have the right to deny you service. and if you know the white supremacist submit an op-ed to the new york times and say we'd like to be heard the new york times is right to say well you have the right to be heard, but maybe not in the new york times, you know sunday review section. go somewhere else. and facebook has every right and twitter and tiktok to say you white supremacist. you want to be heard? why don't you go somewhere else go to get her or a parlor or wherever or rumble and show it somewhere else because we don't want to service it. so i think number one first and foremost. we should hold the platforms to a higher higher to emoticum of moral leadership, but then there are things we need to do to make sure if they won't do it themself the law needs to be changed. there should be no freedom of speech for algorithms bottom line algorithmic amplification should be banned first