good evening, kristina. >> good evening, jericka. when you look at the numbers as a whole, the problem is so is the price of almost everything else. >> we are seeing some broad-based price increases. >> reporter: in an interview on "face the nation," treasury secretary janet yellen says covid caused a seismic shift in the way americans spend their money, leading to shortages. >> there is an economic cost, and americans feel it. >> reporter: the consumer price index which tracks the cost of everyday items from eggs to pickup trucks jumped 6.2% in the past year. and speaking of eggs, they're up, about 12%. so are cars and trucks. a new one will run nearly 10% more. and a used one? 26%. brian dees, head of the national economic council said today the democrats' nearly $2 trillion build back better plan will help stabilize the economy. >> this bill is actually going to address the core costs that american families are facing. >> reporter: but republicans disagree. >> every republican opposes this boondoggle. y owmostmens a new poll out e

. >> reporter: at the saint france six center, sister kristina helps people with food, house,ing and youth programs. and when they need laundry and shower room, she turned to bill somerville. >> bill gets it. he said, yes, i understand that need. let's work on that. >> reporter: he founded the philanthropic centers foundation. it receives donations mostly prom private individuals and invests between $10 million and $50 million a year in grants, and he has made the process refreshingly speedy, simple, and streamlined. >> that's the essence of good philanthropy is trusting the people that you work with to do good things in and not take their time to fill out yao ming. >> reporter: he has given bay area teachers up to $500 for teachers the last few years. >> it used to be called the fast program. they used to just fax us a sheet of paper whether we would give them to the grant within 48 hours. >> reporter: larry purse elhas known bill for 40 years. >> bill is the only funder that i've met who swims amongst month the people in the community. our food truck, the first of four in a row tha

cnbc's kristina partsinevelos is at a mall on long island, new york. gene marks is part of a small business consulting firm. let's start with these skmash grab robberies that i know you've. following. what you tell us? >> this is a crime wave that is affecting a range of retail here in california, from small stores to some of the state's most popular shopping destinations. this morning, amidst the black friday frenzy, retail stores and shoppers across california on edge. >> so it is kind of scary. and the fact that this has happened now makes me wonder if i should even walk in there. >> reporter: following a string of so-called smash-and-grab robberies. striking retail stores across the state. wednesday night, suspects attacked a department store security guard, snatching $25,000 worth of high-end purses. >> they attacked him with some kind of a caustic chemical. after the initial suspect attacked the security guard, additional suspects entered location and removed a number of high-value, high-dollar purses. >> get down on the sidewalk? >> criminals se

are getting hit hard this is the cherry on top of the problems they have been experiencing this year kristina partsinevelos is covering those for us. >> covid hasn't let up, these stay-at-home stocks have the newsiest of the pack, peloton. we had an eps miss, revenue miss, it slashed its annual revenue per share list cut subscribers and profit margins. in august the company hurt privatability by dropping bike prices by $400 the company warned it is about short-term pain in order to gain market share in the long term. we are getting off the bikes getting off the coach. shares of cocue doesn't over 4% on an earnings beat but hardware fell flat. and remember you hoarded some soup shares of campbell's down 4% on the month, down 15% year to date while many want the hybrid work model to say shares of zoom are falling. down over 7% today alone switching gears, we have got health care company teledock that has plunged this year, down almost 30% despite posting a record number of telehealth visits in q3 lastly, shares of online education firm chegg they plunged after the company raised concerns about

. >> reporter: kristina karamo has not been shy in insisting widespread cheating. >> it is not right that hundreds of thousands of votes are allowed to be considered as lawful votes. we know they're illegal. >> reporter: and saying donald trump was the true winner in michigan. >> donald trump won michigan. >> reporter: unsurprisingly, she has trump's backing in her bid to become michigan's next secretary of state. >> yes, i have president trump's endorsement, which is massive. >> reporter: karamo has never run for state wide office. but gained some national notoriety after making unsubstantiated claims that she witnessed election fraud in 2020. >> i was a poll challenger at the tcf center. >> reporter: as trump eyes a potential 2024 comeback bid, he's backing candidates like karamo and others who have spread election falsehoods. looking to replace the battleground state officials who stood up to trump's attempts to overturn the results in 2020. >> kristina karamo! >> reporter: previously unreported comments that show extreme views beyond the 2020 election results and reveal barbed cr

>> kristina partsinevelos, thanks >>> despite the spike in shopping numbers, not everyone thinks it's good americans are back to shopping more. one writer argues people should stop shopping because america needs you to buy less junk amanda, thanks less junk? why? >> well, there are a number of reasons. the biggest one is because there is a supply snag right now in the united states that has a number of different bottlenecks. and we have devoted an enormous amount of logistical resources in america to sort of entertaining a wealthy tier of shoppers who are shopping an enormous amount right now, way more than they did before the pandemic and if we want to get some of these supply bottlenecks ironed out, i think it's important that we be able to devote those resources to other things rather than serving a sector of the population that's already extremely well served. >> you write that the supply chain problems right now are crowding out really important things like, you know, school lunch, for instance, because people are just front loading and trying to get things delivered to their doo

kristina partsinevelos thank you very much. nancy tensionler, thank you for being here today. >>> we are about 20 minutes away now from the highly anticipated federate decision. up next, what the fed needs to do to avoid a repeat of 201's taper tantrum and take a look at allbirds this priced at $15 last night. opened at $21, is at almost $29 right now. nearly a doubling from the ipo price. we will continue to watch bird. >>> remember, catch the show any time anywhere by listeni tngo and following the exchange podcast. we are back in a moment. gold. your strategic advantage. ♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ oh, it's all right ♪ you. >> welcome back, everybody the federate decision is 15 machines away. tapering is expected to be announced. my next guest expects jay powell to deliver the punch del accountly, he is c

cbs' kristina ruffini is at the white house to break down some of

. >>> welcome back to "power lunch," i'm kristina partsinevelos. the holiday shopping season is not helping some e-commerce retailers. poshmark, stitch fix, owl down around 20% in november a similar situation for rent the runway as well tie in far fetch, even e-bay is trending down this month, down 6% in november you would think e-commerce retailers should benefit but increased vaccination and booster rates are driving in-person brick and mortar sales. some may find the online sales underwell. ing this year given continued supply chain issues and increased demands. >> thank you very much not only are e-commerce stocks coming under pressure, but so are traditional retail games, nordstrom, the gap, punished courtney reagan sorts through the wreckage. >> nordstrom and gap on track for their worst days best buy reported a largely strong quarter though it did see margins contract like others from higher labor and supply chain costs even organized retail crime best buy had stock up in gaming and phones for example broadly, there is worry about waning dem

yeah kristina. fortunately, the five who were hit are going to be okay. this happened at the tail end of a three hour demonstration. northbound on the golden gate bridge tangled by a car accident, this one unusual because of a chain reaction that knocked five people off their feet and against the bridge wall wall, please to chp officers and three bridge employees were the ones hit. four hours. personnel had been the human buffer between traffic and protesters who came to the bridge to show opposition to vaccine mandates, especially in the workplace. some said they'd lost their jobs over it. a city where, um, they're so progressive, and they're so black lives matter. you know that it doesn't seem to reflect what the city seems we're doing. i can't eat in a restaurant. i can't go to a movie theater. you know if i'm not vaccinated. mm mandates in health care, law enforcement and education are taking effect. still lot of black people whose voices are silent and his site a lot of black people who will be unemployed. but you're talking about teachers who call m

we'll go back to kristina. >> so substantial beat for hp. earnings per share above estimates. over a billion dollars more than anticipated. the company also bullish for the new year raising guidance to a range of 99 cents to $1.05 versus 94 cents that was expected and the company did warn of a $10 billion backlog due to parts shortages and a spike in demand. i got on a call with the ceo and the cfo an hour ago and asked them about the backlog and told me he expects it to continue with little change until the second half of 2022 and they have quote the ability to manage the mix and interesting nugget through the report is this morning best buy with a report on domestic sales and said appliance and home theater offset by a decline in computing and asked the ceo of hp why is best buy seeing a decline in computing and he told me because they focus on b2b and that's what helped them ride the wave you can share 12% higher 13%. back to you guys. >> wow good color thank you. let's start with hp then had a strong run in the last year. >> absolutely. shows you if you trade at nine times

kristina partsinevelos with the numbers. >> we're seeing earnings per share, a beat. 62 cents stronger than what the street was expecting on revenue of $532.4 million. also a little higher than what the street was expecting at $518.9 million however, you're seeing the shares down about 1% that could be because the active number of new users did decline for this quarter that came in at 7.4 million new buyers so these are people on the website, last quarter it was 8 million. the quarter before, just over 9 million. we're starting to see this downward trend the company did acknowledge that, but they did point out gross merchandise sales excluding face masks because that was the most popular item last year, was up 23.7% year over year. see people are spending more, those that are acchaet active buyers overall, a top end bottom beat for etsy shares down a little over 1% back to you. >> thank you also guidance coming in, in line with expectations, and don't miss an exclusive interview with etsy's ceo tomorrow morning on "squawk box. a little more color because they're giving guidance on the