The Street
  • last month
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and UPS and FedEx have started the holiday shipping battle.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04Wall Street continues to bask in the glow of the Trump rally,
00:08with stocks trading near record highs.
00:10Travel and tourism stocks are in view on Friday
00:13with eyes on quarterly results.
00:15Expedia boosted full-year guidance
00:17after third-quarter bookings were stronger than expected.
00:20Meanwhile, quarterly results were mixed for Airbnb.
00:24Revenues topped forecasts, but earnings were underwhelming.
00:28In other news, there are fewer shopping days
00:31between Thanksgiving and Christmas,
00:33and that means a battle for your shipping dollars.
00:36UPS and FedEx are pulling out all the stops
00:38to make sure they get your order.
00:40The two are going head-to-head on price,
00:43undercutting one another,
00:45especially when it comes to luring orders
00:47from smaller businesses and merchants.
00:49The 2024 holiday season marks the first time
00:52both UPS and FedEx are offering discounts
00:55to smaller merchants,
00:57usually reserved for bigger e-commerce players.
01:00The discounts are already starting to kick in.
01:02According to ASF Logistics,
01:04ground shipping charges fell 2.5% in the third quarter,
01:08due in part to UPS and FedEx price cuts.
01:12Beefed-up competition is also a factor
01:14in pushing shipping costs lower.
01:16The U.S. Postal Service has stepped up
01:18its ground shipping game, taking away market share,
01:21and Amazon is relying more on its own delivery fleet,
01:25which is now delivering more than two-thirds of its orders.
01:28In the end, consumers might end up benefiting
01:31from all this competition.
01:33If retailers get into the holiday spirit
01:36and start passing on those shipping discounts to shoppers,
01:39then pressing the Complete My Order button
01:41will come with its own discount for you.
01:44That'll do it for your daily briefing
01:46from the New York Stock Exchange.
01:47I'm Conway Gittins with The Street.
01:55Thanks for watching.

Recommended

1:54
I
Up next
Ultra big televisions are getting cheaper
The Street
2:02
Boeing workers vote to accept new deal
The Street
2:00
Port strike over as workers agree to new deal
The Street
2:05
Boeing strike to continue after union rejects latest offer
The Street
1:54
Moviegoers flock to see Thanksgiving-weekend blockbusters
The Street
1:55
Streaming prices continue to rise
The Street
1:54
Spirit Airlines won’t file for bankruptcy
The Street
1:47
Friday is the best day for deals
The Street
2:03
World’s richest get richer after Trump election win
The Street
1:39
Walmart stock hits all-time high
The Street
2:01
Boeing withdraws pay raise offer to striking workers
The Street
2:01
Boeing increases offer to striking workers
The Street
1:47
Cargill to lay off 5% of global workforce
The Street
2:09
Stellantis is closing its Arizona Proving Grounds
The Street
1:47
A convenience store mega-merger is in the works
The Street
1:38
Foot Locker surges as sneaker heads prepare to pay full price
The Street
1:52
Delta officially sues CrowdStrike over July meltdown
The Street
1:53
More affluent Americans are living paycheck to paycheck
The Street
2:04
Major retailers continue to close stores
The Street
2:13
Dow faces 9th straight day in the red
The Street
1:46
‘Wicked’ and ‘Gladiator’ lead the way at the box office
The Street
2:05
Back-to-school shopping means big bucks
The Street
1:58
32,000 Boeing employees may go on strike
The Street
2:01
Bed Bath & Beyond is coming back to brick and mortar stores
The Street
1:53
Grocery prices finally start to come down
The Street