david bahnsen will join me on how inflation is taking a toll on americans in the effect of the labor shortage and where you

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david bahnsen. holiday spending is in full swing despite supply chain shortages in the covid-19 setbacks. what can retailers expect to see what we will talk to mastercard steve sadov maria: that the demand for goods. supply chain crisis causing major product shortages. how will they fear the season compared to last. joining me senior advisor and mastercard former sac ceo steve sadove. it is great to see you again, thank you very much for joining me. give us the retail climate this year. >> i think we have a very strong retail environment for the holiday season. the consumer as you said has money in their pockets, their shopping and the retailers are in the seller's position because there's a lack of inventory in the supply chain problem and discounts on blowers and margins are up on a broader base is if you look at third-quarter earnings. i'm looking at a mastercard forecast of a 7.5% growth in the holiday season, 10% in the thanksgiving week. a very strong black friday. it's a good season for retai

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david bahnsen will join me how inflation is taking a tollhe on americans in the labor shortage and where you should be investing today. covid-19 changing traditional holiday shopping, mastercard, senior advisor will tell me how it's affecting retailers and what to expect. the biggest shopping day of the year has arrived. we will tell you how this black friday compares to past shopping seasons. let's take a look back at the newsmakers on "mornings with maria" in this week's edition of this week's talkers. >> chinese tennis star peng shuai reemerges of the weekend. >> the olympic committee the ioc basically making itself part of chinese propaganda holding this phone call releasing still shots and video saying that she is fine and she would like a privacy. maria: in terms of joe manchin, will he hold j the line. >> and praying to god that there's more people like joe manchin and the senator from arizona. nc you what we need to show statesmanship now and we need to show leadership to pass the reconciliation bill. it is irresponsible we are going to see very serious inflation in america. the

david bahnsen, you're a great writer. still to come this hour, the hot debate, is the clinton oprah tiff behind russia, a lot of stories there, is ready to flip on other democrats in the durham probe? will clinton campaign staffers be in the line of fire? did russia disinformation end up in fbi fisa warrants against the frum campaign. up next we sal lou the veterans with former va secretary robert wilkie. this hot debate raised by the washington post. is the historically number of veterans in congress an issue for america? keep it here on "the evening edit". i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones see blood when you brush or floss can be a sign of early gum damage. i'm so glad we did this. parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum sealed tight. parodontax active gum repair toothpaste today, your customers want it all. you have to deal with higher expectations and you have to lower

david bahnsen will join me how inflation is taking a tollhe on americans in t

david bahnsen will join me on how inflation is taking a toll on americans in the effect of the labor

director david bahnsen. we have the fed minutes, even before that we got the strong ism number. by the way the manufacturing number was good, a strong adp jobs report. danielle, how do we balance these two things? on one hand a fed that has to be less accommodative, on the other maybe a stronger economy than some people thought? >> i think the data are continuing to come in hot. what drove that number to an extraordinary level was supplier deliveries being as delayed as they are even though the other subcomponents were also very encouraging. my greatest fear is, and they left the language, they changed the language to say that the pace of, pace of tapering may have to be accelerated. and that, transitory might not be so transitory. what they're saying they might have to do hurry up taper. charles: does that mean hurry up-rate hikes? >> powell has been adamant until they get through the tapering process they will not hike rates. charles: if they go sooner than later -- >> that is your point and we're in agree

david bahnsen will join me on how inflation is taking a toll on americans in the effect of the labo

david bahnsen, great stuff. the market edging higher. obviously wall street likes what they heard so far were going to take it over to liz claman she will continue coverage of jay powell. liz: breaking news financials and semi conductors spiking of the federal reserve reveals the tapered timeline. it will taper back by $15 billion per month as early as the middle of this month, let's go back to the federal reserve, chairman jay powell is taking questions from the media. >> we think we will be. that is how we are thinking about it. i think judge mentally it is appropriate to be patient is appropriate for us to see what the labor market and what the economy look like when they heal further. were on a path to a different place as i mentioned when delta arrived, delta stopped job creation, estop the transition away from a good focused economy where there is excess demand for goods because their services are not available, people are not traveling. that transition itself could bring inflation down because people would spend a little less on g

let's talk with david bahnsen with the bahnsen group we are here on a day that is portion of the market you thought was overlooked anyhow, right? >> yes those sectors that are really benefitting today happen to be areas we're over weighed in. i don't think it is that much related to the fed announcement because those things had come off last week. there's a bit of a recovery rally at play. j overall i think the theme is alive and well for anyone worried about increasing hawkishness from the fed, i don't know where it would be coming from, but the worry is not there today, kelly >> ee lab -- elaborate on that for a minute >> there are things we have done very well, wu there are certain things sometimes you get wrong the thing we have never gotten wrong is this belief that the fed is going to continue be dovish because they have to be, and there are periods of time where markets get worried. well, maybe it is different, there's a bit of media attention and other understandable volatility around potential fed reversals. but they just simply don't play out and they can't play out, and it is

bring in david bahnsen this morning. hi to you. peloton and zillow. let's begin with peloton? >> those are not my picks. those are me pointing out how badly they have gotten hit and nobody talking about it. there is a whole, there is a whole list of these really kind of popular, work from home type tech oriented stocks and people would be shocked at what is on the list because you look at zoom and look at peloton, look at doordash, look at twitter, snap, i'm mystified some of these names are down 30%, up to 70% and it is really getting very little discussion. i think a lot of that hot tech money is way down and it has moved into other tech money or crypto and so then this brings me, ash to my picks. i'm more pointing out that things like value names. ashley: right. >> some energy and financial stuff we invest in. and frankly a lot of the dividend oriented names, i think will be the beneficiaries of the next iteration of markets as that high-risk stuff has come way down. now people feel more safety in the faang" names, large tech names. those are pretty stretched valuations too

charles: thanks a lot, sir, i want to bring in the bahnsen group, managing partner, author of, "there is no free lunch." david i always get in trouble with my conservative friends i bristle at the amount of trading we do with china. they say you're not a free marketer kind of guy. we send so much money over there in return for plastic stuff. they're using that money to try to you usurp who we are. if it was a fair competition it would be one thing but it isn't. i wish we had more at home. i wish we had more factories here at home. i wish we had more investment at home. that is where my friends, conservative orthodox friends we always butt heads. >> i'm a big fan of the law of comparative advantage as well. the big difference you bring up the cultural changes that have come about by being so dependent on china's rise. we vastly underestimated all the cultural implications, the ethical side, dependency from the standpoint. companies need to negotiate their own terms of engagement. they need to do so morally and have a plan how we maintain western -- charles: let's talk about your book.